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Open champion McIlroy not one to rest on his laurels

Yahoo - DRC - 4 hours 1 min ago

(Reuters) - Rory McIlroy embellished his status as one of the game's best players with his wire-to-wire win at the British Open nine days ago, but has put that behind him as he strives to achieve further goals before the end of this year. "I've obviously had a bit of time to reflect after the (British) Open and everything, but just decided I wanted to move on and move forward," world number two McIlroy told reporters at Firestone Country Club on Tuesday. So I definitely wasn't going to dwell on what I'd done at Hoylake (venue for the British Open). I've never won a World Golf Championship.


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Australians head home to face U.S. challenge at PanPacs

Yahoo - DRC - 4 hours 4 min ago
Two years on from a disappointing Olympic campaign, Australia's swim team head into next month's showdown with the United States at the Pan Pacific Championships with confidence following a record medal haul at the Glasgow Commonwealth Games. The Olympic champion women's 4x100 freestyle relay team also broke the world record in the final, eclipsing one of the marks set during the 'supersuit' frenzy at the 2009 world championships in Rome. Emma Mckeon topped the individual tally for Australia with four golds and two bronze medals, while world 100 freestyle champion Cate Campbell won three golds and a silver. She also anchored the 4x100 freestyle relay team to their world record.
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South American leaders rally behind Argentina over debt

Yahoo - DRC - 4 hours 7 min ago
By Diego Ore and Deisy Buitrago CARACAS (Reuters) - South American leaders have rallied behind Argentine President Cristina Fernandez, who is locked in a legal battle with holdout investors that could trigger a debt default this week. Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy. "We have ratified all our militant solidarity with the Republic of Argentina, with the struggle the president is leading against the attempt, through so-called vulture funds, to cause damage via financial speculation," Venezuela President Nicolas Maduro told the forum. "It's not just damage to Argentina.
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Senate passes highway bill, sends it back to House

Yahoo - DRC - 4 hours 19 min ago

WASHINGTON (AP) — The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election debate on whether to raise gasoline taxes.


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Obama dining with 4 Kansas City letter writers

Yahoo - DRC - 4 hours 23 min ago

KANSAS CITY, Mo. (AP) — President Barack Obama is taking four Kansas City residents out to dinner to chew over the concerns of heartland Americans, with little time for action on pressing issues before Congress begins its August recess.


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Obama says strains over Ukraine not leading to new Cold War with Russia

Yahoo - DRC - 5 hours 12 min ago
By Steve Holland and Anna Yukhananov WASHINGTON (Reuters) - President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War. The United States and the European Union, in a carefully coordinated action, announced targeted new sanctions against Russian banks, energy and defense firms. It was the West's most serious response yet to what it calls Russian instigation of and continuing support for the separatist uprising in the east and the shootdown of a Malaysian passenger jet on July 17 over eastern Ukraine. Obama, speaking at the White House, said the sanctions would have a "greater impact on the Russian economy than we've seen so far" in a drive to force Moscow to stop backing the separatists.
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Start-up loans bid passes £100m

Yahoo - DRC - 5 hours 33 min ago

The Government-backed Start Up Loan scheme has issued its 20,000th loan taking the total advanced to entrepreneurs under the programme to more than £100 million, David Cameron has announced.


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GM sued over deaths, injuries linked to ignition switch

Yahoo - DRC - 5 hours 43 min ago

General Motors was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches. The lawsuit was filed in Manhattan federal court, where dozens of cases against GM over the switch recall have been consolidated. Since the beginning of the year, GM has recalled nearly 15 million vehicles worldwide over potentially defective ignition switches. The company has set up a program, run by lawyer Kenneth Feinberg, to compensate victims of crashes involving about 2.6 million of those cars, mostly Cobalts, Ions and other small cars that it linked to 54 crashes and 13 deaths.


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Argentina's economy minister seen entering mediator's NY office

Yahoo - DRC - 5 hours 50 min ago
NEW YORK (Reuters) - Argentina's economy minister, Axel Kicillof, was in New York late on Tuesday to join last-minute negotiations aimed at staving off a second default as time ran out for the South American country to cut a deal with holdout bond investors. A Reuters witness saw Kicillof enter the New York office of Daniel Pollack, the lawyer appointed by a U.S. court to mediate between the two sides. (Reporting by Daniel Bases; Editing by Richard Lough and Leslie Adler)
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PGA Tour commissioner and Woods hope for big 2014 finish

Yahoo - DRC - 5 hours 54 min ago

By Larry Fine PARAMUS New Jersey (Reuters) - Tiger Woods, battling back from a back injury, still drives fan interest and TV ratings and PGA Tour commissioner Tim Finchem is as keen as the former world number one himself that he has a big 2014 finish. "It's a year-long competition," Finchem said at media day for next month's playoffs opening Barclays tournament at Ridgewood Country Club. "It (an exemption) kind of muddies up the comparative nature of the competition." Woods is a massive 358 points outside the cut line for the four-event playoffs having played only five PGA Tour events this season, but he has two big chances to make up ground at venues where he has had great success. Then comes the Aug. 7-10 PGA Championship at Valhalla in Louisville, Kentucky, where Woods won the 2000 PGA crown.


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Poll: Immigration concerns rise with tide of kids

Yahoo - DRC - 5 hours 56 min ago

McALLEN, Texas (AP) — For nearly two months, images of immigrant children who have crossed the border without a parent, only to wind up in concrete holding cells once in the United States, have tugged at heartstrings. Yet most Americans now say U.S. law should be changed so they can be sent home quickly, without a deportation hearing.


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Lionheart McPherson takes 400 gold in Jamaica clean sweep

Yahoo - DRC - 5 hours 57 min ago

By Michael Hann GLASGOW (Reuters) - Stephanie McPherson needed the heart of a lion and every ounce of effort to lead a Jamaican clean sweep of the medals in the women's 400 metres at the Commonwealth Games on Tuesday. With England’s Olympic silver medallist Christine Ohuruogu opting to run only in the 4x400 relay, and very little separating the trio of McPherson, Novlene Williams-Mills and Christine Day in qualifying, the stage was set for the Jamaicans to battle it out amongst themselves for the honours. Botswana's Amantle Montsho, who took gold in New Delhi four years ago, burst out of the blocks but was reeled in by the Jamaicans and on the home straight McPherson powered her way through to finish in a time of 50.67 seconds. “I came out here with a lion heart,” an exhausted McPherson told reporters.


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APNewsBreak: Defense to oversee plagiarism probe

Yahoo - DRC - 6 hours 6 min ago
HELENA, Mont. (AP) — The Department of Defense has taken the unusual step of overseeing a plagiarism investigation being conducted by the U.S. Army War College against Sen. John Walsh because the Montana Democrat is a member of Congress, the college's provost said Tuesday.
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$1,000 Sovaldi now hepatitis treatment of choice

Yahoo - DRC - 6 hours 11 min ago

WASHINGTON (AP) — The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.


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Israel's 'Iron Dome' makers were hit by hackers, expert says

Yahoo - DRC - 6 hours 13 min ago
By By Eric Auchard VIENNA (Reuters) - Three Israeli defense contractors behind the Iron Dome missile shield and related systems were robbed of hundreds of documents by hackers linked to the Chinese government starting in 2011, a U.S.-based computer forensics expert said on Tuesday. Comment Crew, as the hacking group is known, stole designs for Israeli rocket systems in a spree of attacks during 2011 and 2012, Joseph Drissel, chief executive of Cyber Engineering Services (CyberESI), said in a phone interview. The targets of the online attacks were top military contractors Elisra Group, Israel Aerospace Industries[ISRAI.UL], and Rafael Advanced Defense Systems. The companies built the system that now partially insulates Israel from rocket barrages fired from the Gaza Strip.
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South American leaders rally behind Argentina over debt

Yahoo - DRC - 6 hours 20 min ago
By Diego Ore and Deisy Buitrago CARACAS (Reuters) - Various South American leaders have rallied behind Argentine President Cristina Fernandez, who is locked in a legal battle with holdout investors that could trigger a debt default this week. Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy. While Fernandez was in Venezuela on Tuesday, Argentine debt negotiators met in New York with a court-appointed mediator for last-gasp negotiations to cut a deal "We have ratified all our militant solidarity with the Republic of Argentina, with the struggle the president is leading against the attempt, through so-called vulture funds, to cause damage via financial speculation," Venezuela's President Nicolas Maduro told the forum. "It's not just damage to Argentina, it's damage to all the countries of the south," added the socialist Maduro, who replaced Hugo Chavez after his death from cancer last year.
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U.S. judge says cannot seize Kurdish crude for now

Yahoo - DRC - 6 hours 22 min ago

By Anna Driver and Kristen Hays HOUSTON (Reuters) - A high-stakes dispute over a tanker carrying $100 million in Iraqi Kurdish crude took a surprising turn on Tuesday when a U.S. judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq. Federal magistrate Nancy K. Johnson said that because the tanker was some 60 miles (100 km) offshore, and outside territorial waters, an order she issued late on Monday for U.S. Marshals to seize the cargo could not be enforced. She said the dispute between Iraq's central government and the autonomous region of Kurdistan should be resolved in Iraq. Overnight Johnson signed an order directing the marshals to seize the 1 million barrels of crude from the United Kalavrvta tanker anchored in the Gulf of Mexico.


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AmEx profit rises 9 percent as card holders spend more

Yahoo - DRC - 6 hours 23 min ago

American Express Co reported a 9 percent rise in second-quarter profit as more customers used its credit cards in a recovering U.S. economy. Card member spending rose 9 percent globally to $258 billion (£152.26 billion), after adjusting for foreign currency, compared to 7 percent growth in the preceding quarter and 8 percent growth in the second quarter last year. Growth in billed business volumes was encouraging, Keefe Bruyette & Woods analyst Sanjay Sakhrani said. "We are starting to see some traction in the United States as well as in Europe." American Express Chief Financial Officer Jeffrey Campbell said on a conference call that spending levels of its customers indicated higher confidence about the economy.


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US, Europe impose tough new sanctions on Russia

Yahoo - DRC - 6 hours 24 min ago

WASHINGTON (AP) — Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks. President Barack Obama swiftly followed with an expansion of U.S. penalties targeting key sectors of the Russian economy.


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3 sites make shortlist for new FBI headquarters

Yahoo - DRC - 6 hours 24 min ago
WASHINGTON (AP) — The Federal Bureau of Investigation would move its headquarters from a storied, decades-old home in the nation's capital to a new location in the suburbs under a federal government proposal released Tuesday.
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