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News Feed Latest worldwide news U.S. mortgage applications fall as rates remain unchanged MBA NEW YORK (Reuters) - Applications for U.S. home mortgages decreased last week with potential buyers shying away from the market as rates held steady just below their two-year highs. U.S. firearms bureau director confirmed, fulfilling Obama demand WASHINGTON (Reuters) - The Senate on Wednesday confirmed a director for the federal agency that regulates firearms, fulfilling one of the demands President Barack Obama made after the Newtown, Connecticut, school shooting. Guy Hands' Terra Firma close to agreeing Phoenix Energy sale Bloomberg (Reuters) - Terra Firma Capital Partners, the buyout group run by dealmaker Guy Hands, is close to agreeing a deal to sell its Northern Irish gas distribution company Phoenix Energy Holdings Group to... al-Assad all smiles on Instagram It's not quite as epic as posing with a tiger a la Vladimir Putin. But Syria's Bashar al Assad has joined Instagram and the photos are propagandastically fantastic. Mediating as French Culture and Economics Collide Aurlie Filippetti, a novelist, is finding new kinds of criticism as Frances minister of culture and communication. Bank of America expects civil charges over mortgage bonds Aug 1 (Reuters) - The U.S. Justice Department intends to file civil charges against Bank of America Corp linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory... U.S. to keep zero-duty access to EU high-quality beef market WASHINGTON, Aug 1 (Reuters) - The European Union will continue to import high-quality U.S. beef from non-hormone-treated cattle at zero duty, extending an agreement for at least another two years,... Top 10 stopover stays TOKYO (Reuters) - Spending a night between destinations in a stopover city and need a place to stay? Online boutique hotel experts Mr Mrs Smith (www.mrandmrssmith.com) have come up with 10 hotels for a memorable stopover. Reuters has not endorsed this list. Benghazi CNN's Arwa Damon speaks to a man who witnessed, and may have played a role in, the Benghazi embassy attack. Home Prices Jumped 12.2% in May Home values are rising as more people are bidding on a relatively tight supply of houses for sale. Children power playground toys July 30 - Modern gaming techniques are taken to the playground as children compete to produce energy. Suzannah Butcher reports. A City Invokes Seizure Laws to Save Homes With recent gains in home prices doing little for some blighted neighborhoods, Richmond, Calif., is about to become the first city in the nation to try a novel way to stop foreclosures. Stella McCartney's rise to the top CNN's Monita Rajpal meets Stella McCartney, one of the world's most celebrated fashion designers. T Magazine All the Rage | An Ancient Japanese Hand-Dyeing Technique Makes a Comeback Shibori, a craft technique said to have originated in the eighth century, is cropping up in a variety of clothes and home accessories. Pressel, Lennarth Lead as Park Fades at British Open American Morgan Pressel and Sweden's Camilla Lennarth shared the lead at the women's British Open on Thursday as grand slam-hunting South Korean Inbee Park slumped to finish three shots off the pace in the first round. Shareholder wealth The largest creators, the biggest destroyers Reuters blogger Felix Salmon shares a surprising list of which companies over the last 90 years have generated the most wealth for shareholders, and which ones have destroyed it. Sending Message to Iran, House Approves Tougher Sanctions The House overwhelmingly approved legislation on Wednesday that would impose the toughest sanctions yet on Iran, calling the measure a critical step to cripple the countrys disputed nuclear program. Milestone Claimed in Creating Fuel From Waste In what would be a key breakthrough for renewable fuels, INEOS Bio said it had produced commercial quantities of ethanol from wood waste and other nonfood vegetative matter. Military Continues Crackdown in Egypt As a top European Union official visited to mediate the crisis, the military arrested more Islamist leaders and reports emerged about the possibility of a state of emergency. Sports Briefing | Basketball Delle Donne Will Miss W.N.B.A. All-Star Game Elena Delle Donne, the first rookie to lead the W.N.B.A.s All-Star voting, will miss the All-Star Game on Saturday while recovering from a concussion. Unsung Receiver Gets Another Shot at the N.F.L. David Ball, 29, who broke Jerry Rices Division I-AA record for touchdown receptions, has a strong connection with Eagles Coach Chip Kelly. China curbs building excesses Some state-run enterprises in China have opulent headquarters more suited to the court of Louis XIV of France, while other local government-owned buildings even replicate the home of the President of the United States. Quintiles sees strong profit as drug development picks up (Reuters) - Quintiles Transnational Holdings, the world's largest medical contract research provider, forecast full-year profit above market expectations as drugmakers looking to launch new products choose to outsource clinical development as a way to cut costs. Front Burner An Italian Way to Drink, Tools for At-Home Bartenders and More Florence Fabricants recommendations for the week of July 30. Apollo, TPG among funds circling Gherkin tower owner IVG LONDON/FRANKFURT (Reuters) - Apollo and TPG Capital are among buyout funds holding the debt of IVG with the aim of taking control of the Germany property group as last-ditch talks with creditors... Obama to Appear on Tonight Show His topics, NBC said, will be job initiatives and the economy. Hingis Makes Return to WTA Tour With Doubles Win Martina Hingis won in her return to the WTA Tour, teaming with Daniela Hantuchova for a victory over Julia Goerges and Darija Jurak in the Southern California Open. Swiss "Jetman" flies along B-17 aircraft Huly 31 - Yves Rossy flies alongside a B-17 bomber in his first-ever display at a public event in the United States. Sharon Reich reports. Christine Guan and Indra Sen The couple are graduates of Georgetown, where they met. Manassero Masters incredible The youngest-ever player to qualify for the Masters reflects on his career and the boy who will break one of his records. Butler Hires Miller as Coach to Replace Outgoing Stevens Butler announced it was promoting the recently hired assistant Brandon Miller to replace Brad Stevens, who took the head job with the Boston Celtics. Obama to Appear on Tonight Show His topics, NBC said, will be job initiatives and the economy. Square Feet Sublets Lure Manhattan Start-Ups Many tech companies in their early stages rent modest spaces from bigger tech companies, and then rent out any leftover space in turn. Senate Approves College Student Loan Plan Tying Rates to Markets The plan would tie interest rates for student loans to the financial markets and brings Congress close to resolving a dispute that caused rates to double in July. Mickelson Not in Right State of Mind at Firestone He was in the Buckeye state, but his head was still in Scotland. Snowden gets job offer from Russia's version of Facebook MOSCOW (Reuters) - American fugitive Edward Snowden was offered a job by Russia's top social networking site on Thursday, hours after the former intelligence contractor received a year-long asylum in Russia. The Lede Reaction to the Manning Verdict Pfc. Bradley Manning was an Army intelligence analyst who provided some 700,000 secret documents to WikiLeaks. Illinois governor signs law allowing medical marijuana CHICAGO (Reuters) - A law allowing marijuana to be used for medical purposes in Illinois was signed on Thursday by Governor Pat Quinn, making it the second most populous state in the country after California to permit medicinal use of the drug. Lawyer Who Beat Chevron in Ecuador Faces Trial of His Own The oil company has filed a suit against Steven Donziger, who won an $18 billion case over oil spills in the Ecuadorean jungle, accusing him of manipulating evidence and bribing judges. Obama Intends to Let Health Care Law Prove Critics Wrong by Succeeding The law will become vastly more popular once all the nightmare scenarios from adversaries prove wrong, the president said in an interview last week.

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