Obama calls US AAA nation despite AA+ Rating (AP)

---

• Obama calls US AAA nation despite AA+ Rating (AP)
• Wall St. takes a dive on first day after downgrade (AP)
• UK police arrest over 200 as London riots continue (AP)
• NATO: Troops in crash were after Taliban leader (AP)
• Family, friends remember fallen fighters as heroes (AP)
• Polygamist heard on tape training girls for sex (AP)
• Syrian defense minister replaced (AP)
• May be tough timing for Anthony in interview (AP)
• Police: K-9 sniffed drugs on rapper Big Boi (AP)
• Real Madrid signs 7-year-old soccer prodigy (AP)
• Wall Street plunges after S&P's U.S. debt downgrade (Reuters)
• Markets look to Fed after ECB buys bonds (Reuters)
• Syrian tanks pound city as Arab states withdraw envoys (Reuters)
• Violence escalates in London (Reuters)
• Obama says U.S. is still a AAA country (Reuters)
• S&P defends U.S. downgrade; Moody's says U.S. still AAA (Reuters)
• AIG sues BofA for $10 billion alleging "massive fraud" (Reuters)
• Dealtalk: Traders take a hit as M&A deals totter (Reuters)
• Debt crisis resists assault by ECB and global leaders (AFP)
• Clegg visits London riot site (AFP)

Obama calls US AAA nation despite AA+ Rating (AP) Posted: 08 Aug 2011 11:56 AM PDT AP - President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation's leaders need only show more "common sense and compromise" to tame a staggering accumulation of debt.

Wall St. takes a dive on first day after downgrade (AP) Posted: 08 Aug 2011 12:18 PM PDT AP - Stock prices hurtled lower Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. The Dow Jones industrials were briefly down more than 600 points.

UK police arrest over 200 as London riots continue (AP) Posted: 08 Aug 2011 12:23 PM PDT AP - Violence and looting spread across some of London's most impoverished neighborhoods on Monday, with youths setting fire to shops and vehicles, during a third day of rioting in the city that will host next summer's Olympic Games.

NATO: Troops in crash were after Taliban leader (AP) Posted: 08 Aug 2011 09:05 AM PDT AP - The 30 U.S. troops and eight Afghans who died in a helicopter crash in eastern Afghanistan were on a mission targeting a Taliban leader when an insurgent with a rocket-propelled grenade reportedly fired on the chopper and shot it down, U.S.-led coalition said Monday.

Family, friends remember fallen fighters as heroes (AP) Posted: 08 Aug 2011 12:20 PM PDT AP - One relied on his deep faith. Another was planning a marriage proposal. And yet another would shoot baskets with his mom when they had something serious to discuss.

Polygamist heard on tape training girls for sex (AP) Posted: 08 Aug 2011 12:44 PM PDT AP - Softly telling five girls to "set aside all your inhibitions," convicted polygamist leader Warren Jeffs was heard Monday giving his child brides instructions on how to please him sexually during a graphic 10-minute tape played for a Texas jury.

Syrian defense minister replaced (AP) Posted: 08 Aug 2011 11:31 AM PDT AP - Syrian President Bashar Assad replaced his defense minister Monday with the army chief of staff in the midst of a brutal military crackdown on a 5-month-old uprising, the state-run news agency said.

May be tough timing for Anthony in interview (AP) Posted: 08 Aug 2011 12:46 PM PDT AP - Casey Anthony, acquitted for murdering her daughter Caylee, will likely face a choice when she decides to grant an interview: Should she take the best chance for rehabilitating her image or the best chance for a payday?

Police: K-9 sniffed drugs on rapper Big Boi (AP) Posted: 08 Aug 2011 12:43 PM PDT AP - Police say a K-9 dog smelled drugs on Grammy-winning OutKast rapper Big Boi as he was getting off a cruise ship in Miami.

Real Madrid signs 7-year-old soccer prodigy (AP) Posted: 08 Aug 2011 08:04 AM PDT AP - Real Madrid has signed a 7-year-old soccer prodigy from Argentina who goes by the name Leo — just like Lionel Messi.

Wall Street plunges after S&P's U.S. debt downgrade (Reuters) Posted: 08 Aug 2011 11:53 AM PDT Reuters - U.S. stocks plummeted for the second straight session, driving the S&P 500 and the Nasdaq down 6 percent on Monday in the first session since Standard & Poor's cut the nation's perfect AAA credit rating.

Markets look to Fed after ECB buys bonds (Reuters) Posted: 08 Aug 2011 12:05 PM PDT Reuters - Investors are looking to a meeting of the Federal Reserve on Tuesday for signs of further support for reeling financial markets and the economy after the European Central Bank stepped in to buy Italian and Spanish government bonds in the latest attempt to deal with the euro zone debt crisis.

Syrian tanks pound city as Arab states withdraw envoys (Reuters) Posted: 08 Aug 2011 12:34 PM PDT Reuters - Syrian President Bashar al-Assad pressed on with a tank onslaught against a city Monday, but was plunged deeper into international isolation by Arab neighbors who denounced his violent crackdown and recalled their envoys from Damascus.

Violence escalates in London (Reuters) Posted: 08 Aug 2011 12:51 PM PDT Reuters - Riots spread to new areas of London Monday in a third night of violence as hooded youths torched cars and buildings, hurled missiles at police and looted shops, in the worst unrest in the British capital for decades.

Obama says U.S. is still a AAA country (Reuters) Posted: 08 Aug 2011 11:40 AM PDT Reuters - President Barack Obama on Monday blamed a downgrade in the United States' credit rating on political gridlock in Washington and said he would offer some recommendations on how to reduce federal deficits.

S&P defends U.S. downgrade; Moody's says U.S. still AAA (Reuters) Posted: 08 Aug 2011 10:52 AM PDT Reuters - Ratings agency Standard & Poor's, still under fire for downgrading the United States late last week, on Monday again restated the reasons for its decision while rival Moody's set itself apart, saying America still has the characteristics of a AAA-rated country.

AIG sues BofA for $10 billion alleging "massive fraud" (Reuters) Posted: 08 Aug 2011 11:39 AM PDT Reuters - Bank of America Corp was sued by American International Group Inc for more than $10 billion over an alleged "massive fraud" on mortgage debt, causing the bank's shares to tumble 22.8 percent amid worries it cannot manage a deepening litigation morass.

Dealtalk: Traders take a hit as M&A deals totter (Reuters) Posted: 08 Aug 2011 12:19 PM PDT Reuters - Investors who bet big money on the outcome of merger and acquisition deals are scurrying as a plunging stock market jeopardizes many transactions.

Debt crisis resists assault by ECB and global leaders (AFP) Posted: 08 Aug 2011 10:06 AM PDT AFP - World leaders scrambled Monday to ensure financial and economic stability as the European Central Bank bought eurozone bonds to stem a spiralling debt crisis, but chronic doubts endured and battered markets tumbled again.

Clegg visits London riot site (AFP) Posted: 08 Aug 2011 10:07 AM PDT AFP - British Deputy Prime Minister Nick Clegg Monday visited homes and businesses burned down during riots in London, as fresh skirmishes broke out between police and youths in the east of the capital.

You are subscribed to email updates from Yahoo! News: Top Stories To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610