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News Feed Latest worldwide news U.S. would get short-term job spike if spending cuts reversed -CBO WASHINGTON, July 25 (Reuters) - The U.S. economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic... Should University Systems Be Graded, Too? Depending on whom you ask, a proposed international testing system will either be the next big thing in higher education or a pointless, expensive exercise. UPDATE 2-Colgate-Palmolive lowers profit view as dollar gains July 25 (Reuters) - Colgate-Palmolive Co cut its 2013 profit forecast due to the stronger dollar as it posted a lower second-quarter net profit on Thursday, citing restructuring and other charges. Could snail slime be France's next miracle beauty cure? CHAMPAGNOLLES, France (Reuters) - The French have long appreciated snails on a plate with butter and garlic. But one rural snail farmer believes the humble molluscs have more to offer alive than dead. Algeria puts army in charge of fighting drug trafficking ALGIERS, July 25 (Reuters) - Algeria has identified drug trafficking as a top national security threat linked to militancy in the region and put its powerful army in charge of fighting it, interior minister Daho Ould Kablia said. Deals of the day -- mergers and acquisitions July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday Killer of Two Undercover Detectives Is Sent Back to Death Row Ronell Wilson was given a death verdict on Wednesday, the only person to be given such a sentence by a federal jury in New York in 60 years. Techquity Facebook jumps but can it pass IPO price? July 25 - Facebook surges but still trades below its $38 offer price. A look at how analysts see the stock. Plus, new features from LinkedIn. UPDATE 1-KLA-Tencor fourth-quarter revenue beats expectations SAN FRANCISCO, July 25 (Reuters) - Chip equipment maker KLA-Tencor Corp posted lower fiscal fourth-quarter net income and revenue as manufacturers held back on new investments, but revenue beat analysts' expectations. 12 Die in Clashes in Egypt as New Leaders Find Security Elusive In the latest sign of Egypts political impasse, at least six people were killed Tuesday, bringing to at least nine the number of deaths in clashes over the last 24 hours. Music Review Kronos at 40 Begins at Lincoln Center Afrobeat was the theme during the Kronos at 40 concert at the Lincoln Center Out of Doors festival. Voters defend leaving MVP award with banned Braun (Reuters) - Matt Kemp is miffed about losing out on the 2011 National League MVP award to Ryan Braun, but the trophy will remain with the Milwaukee Brewers outfielder who was suspended this week for violating MLB's doping policy. In a Recovering Economy, a Decline in College Enrollment The college-age population is dropping after more than a decade of sharp growth, and many adults who avoided the job market and went back to school during the recession have been drawn back to work. In Performance Rory OMalley of Nobody Loves You Mr. OMalley, who plays Evan, a reality TV fan, sings The Twitter Song, in which he tweets during an episode of his favorite dating show. World Bank says global food prices fell again in latest period WASHINGTON (Reuters) - Global food prices fell by 2 percent in the latest four-month period, marking the third straight period of declines, as declining imports in the Middle East and North Africa, and lower demand pushed prices down 12 percent from their August 2012 peak, the World Bank said on Thursday. RBS commissions review of UK small business lending LONDON (Reuters) - Royal Bank of Scotland (RBS) has commissioned a review of its lending to small businesses, responding to concerns of a shortage of finance in a sector seen as vital to Britain's... Disappointing mobile growth takes shine off Samsung Elec Q2 profit record SEOUL, July 26 (Reuters) - Samsung Electronics Co Ltd is under mounting pressure to produce eye-catching new smartphones after its mobile business shrank 3.5 percent in the second quarter, taking the... DealBook 5 Accused in Biggest Data Breach and Hacking Case in U.S. Prosecutors said a scheme targeting more than a dozen corporations brought losses that ran into the hundreds of millions of dollars. FAA to airlines remove or inspect Boeing 787 beacons (Reuters) - The U.S. Federal Aviation Administration on Thursday instructed airlines to remove or inspect emergency beacons in Boeing Co's 787 Dreamliners, following a fire earlier this month that was traced to one of the units, made by Honeywell International Inc. Editor's Choice Our best photos from the past 24 hours. ArtsBeat Barclays Center Tops American Ticket Sales List The Brooklyn arena sold more tickets than any other in the United States for the first six months of the year. Another Day of Slight Movement on Wall Street as Investors Weigh Data Though many earnings reports from big companies have beat analysts expectations, the broader market has shuffled between small gains and small losses. Govortsova Tops Stosur at Bank of the West Classic Olga Govortsova figured a few extra matches the past week led to an extra special win. Off the Dribble In a Changed N.B.A., Two Differing Steps in Texas In the N.B.A., the Mavericks and the Rockets have taken different paths to building and maintaining their rosters. Royal baby's name announced Prince William and his wife, Catherine, introduced their baby to more royal visitors Wednesday after giving the world its first glimpse of the future king as they left the hospital. Killer of Two Undercover Detectives Is Sent Back to Death Row Ronell Wilson was given a death verdict on Wednesday, the only person to be given such a sentence by a federal jury in New York in 60 years. U.S. would get short-term job spike if spending cuts reversed -CBO WASHINGTON, July 25 (Reuters) - The U.S. economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic... Booker Prize Nominees Are Released Thirteen novels are on the longlist for the Man Booker Prize, considered Britains most prestigious literary award. Khaled Hosseini weaves global family ties in latest best seller NEW YORK (Reuters) - Khaled Hosseini's first novel in six years echoes the themes of family relationships explored in his previous novels, but the multigenerational saga weaves together more characters and locales than the author has tackled previously. Economix Blog Strongest Since 1999? Was this the best first half of a year for private-sector jobs since 1999, as President Obama claimed in his speech on the economy? Well, sort of. An open letter to texting-mad teenagers Put your phone down for a second, teen texters -- there are some things you've got to hear. UPDATE 1-Obama warns House Republicans against 'deadbeat' budget tactics JACKSONVILLE, Fla, July 25 (Reuters) - With a busy commercial port in Florida as his backdrop, President Barack Obama warned Republican lawmakers on Thursday that threatening a government shutdown or debt default jeopardizes the fragile U.S. economic recovery. U.S. does not plan decision on Egypt coup WASHINGTON (Reuters) - The Obama administration told Congress on Thursday it does not plan to make a determination on whether a military coup occurred in Egypt, avoiding a decision that would force the cut off of most of the annual $1.55 billion in U.S. aid. Robots for Detroit? "The future left Detroit behind." So read a note on the Robocop script, a tale of the city's woes. On Soccer Dealing With Cancer Amid Elite Soccers Pressure Cooker Tito Vilanova stepped down as Barcelonas coach after a reoccurrence of throat cancer. In the meantime, his predecessor, Pep Guardiola, has grown distant from him. Obama administration declares new voter rights strategy WASHINGTON/PHILADELPHIA (Reuters) - The Obama administration embarked on a new strategy on Thursday to challenge voting laws it says discriminate by race, an effort to counter a Supreme Court ruling last month that freed states from the strictest federal oversight. T Magazine Feeling For | The Timeless Warm-Weather Style of the Bucket Hat The soft, floppy headwear, beloved by fishermen and 80s rappers alike, is making a welcome comeback. How sensors make your phone "Star Trek smart" Can your current smartphone be any smarter? Sure it can, if the device knows how to better understand its surroundings with the help of internal sensors. Qualcomm's Project Gimbal does just that for app developers. Here's a peek at how Paramount is using the technology. No Starting QB Yet for Oklahoma; Texas Has Answer Oklahoma coach Bob Stoops was quick to point out there still is no final decision on who will be the starting quarterback for the Sooners this season. Al Qaeda-linked prisoners escape An al Qaeda group claimed responsibility Tuesday for coordinated attacks on two Iraqi prisons that a lawmaker said freed more than 500 inmates, including some senior members of the militant group.

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