Palestinians press UN bid amid new Middle East diplomacy
Palestinians plan to submit a formal request for full United Nations membership as Mahmoud Abbas speaks to the General Assembly. Israel calls for renewed talks, while Clinton seeks a negotiated path to statehood, and U.S. pressure looms over aid and security council moves.
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Mahmoud Abbas
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Benjamin Netanyahu
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Hillary Rodham Clinton
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Seth Weung
Ban Ki-moon
Obama backs five day mail delivery to cut USPS losses
Notable President Barack Obama said the U S Postal Service should be allowed to cut mail delivery to five days a week to help reduce its massive losses. The USPS lost 8.5 billion last year and faces continued red ink as the Internet drains first class mail and a weak economy lowers advertising mail. He urged more cuts, office closures, and cost reductions in his growth and debt plan unveiled Monday.
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Barack Obama
U.S
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Market roundup: Dow falls as futures dip after day’s losses
Monday’s market wrap shows the Dow Jones Industrial Average down 108.08 to 11,401.01, the Nasdaq Composite slipping 9.48 to 2,612.83, and the S&P 500 retreating 11.92 to 1,204.09. Treasury 30-year yields edge up to 3.19%. In commodities, corn gains 0.25 cents to 6.92, soybeans drop 19.50 cents to 13.36, wheat slips 16 cents to 7.68, and oil prices fall 2.26 to 85.70.
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Netflix splits DVD by mail from streaming with new Qwikster
Netflix announces a split of its DVD by mail service from its streaming business. Qwikster will host the DVD service while Netflix remains the streaming brand. Subscribers with both will see two entries on statements and two separate websites. Hastings apologizes for the communication missteps and price hike fallout.
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Creditor talks on Greece debt crisis extend today
Athens is to host renewed discussions with officials from the European Commission, the ECB, and the IMF as debt inspectors mull whether Greece can meet budget targets. A Monday conference call produced no decision, with a new call planned to continue technical talks and avoid delaying the sixth bailout installment.
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Murdoch near compensation deal for Dowler family
News International said it is in advanced negotiations with the Dowler family over a compensation settlement for Milly Dowler, the 13 year old murdered girl whose voicemails were hacked by News of the World reporters after her 2002 disappearance. No final agreement yet, but discussions aim to conclude quickly.
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Rupert Murdoch
News of the World
News International
Murdoch
Milly Dowler
Dowler
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