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News Feed Latest worldwide news Pentagon warns of tough trade-offs in face of looming cuts WASHINGTON (Reuters) - Defense Secretary Chuck Hagel on Wednesday pledged $40 billion in new Pentagon spending reductions over the next decade, but warned that additional cuts required by law posed stark choices that could bend or break the president's defense strategy. Art in Review Robert Arneson New Yorks California summer continues apace with this show of early ceramics by Mr. Arneson, a leader of the California Funk movement. Detroit art museum warns auction could be death knell (Reuters) - A top officer at the Detroit Institute of Arts predicts near-certain closure for the museum if Detroit sells major pieces from the 60,000 works in the institute's art collection as a way... Tabloid report on 'FBI files' questioned A London tabloid declared Sunday that "secret FBI files" reveal Michael Jackson paid millions to silence dozens of boys he abused. US STOCKS-Dow, SP 500 end at highs after data, stimulus in place NEW YORK, Aug 1 (Reuters) - The Dow and SP 500 hit record closing highs on Thursday, with the SP 500 topping 1,700 after strong data on factory growth and as major central banks said they would... UPDATE 2-Mexico president to present energy reform next week MEXICO CITY, Aug 1 (Reuters) - Mexican President Enrique Pena Nieto said on Thursday his sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week. Official Mexican president's thyroid surgery 'successful' Mexican President Enrique Pea Nieto underwent thyroid surgery Wednesday. Shopping With Eve Robinson Kitchen Faucets for Cooks and Wannabes Searching for faucets attractive enough for a hypothetical cook and functional enough to satisfy a real one. MIDEAST STOCKS - Factors to watch - Aug 1 DUBAI, Aug 1 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. Driverless car steering course to road-readiness June 11 - Researchers at Carnegie Mellon University are putting the finishing touches on their version of a driverless car that, they say, lays the groundwork for computers to replace humans in the driver seat within a decade. Ben Gruber went for a ride. Scientists Cast Doubt on the Closest Exoplanet A new analysis of what a team of astronomers said was evidence of an Earth-mass planet orbiting Alpha Centauri B raises existential questions. The Boss Still Minding the Mill Bob Moore, founder and chief executive of Bobx2019;s Red Mill Natural Foods in Milwaukie, Ore. Op-Ed Contributor Condemned to Die Because Hes Black Race tainted the sentencing of a murderer in Texas. The top films at the North American box office July 14 - Following are the top 10 movies at North American box offices for the three days starting July 12, led by "Despicable Me 2," according to studio estimates compiled by Reuters. 1 (1) Despicable Me 2........................$ 44.8 million 2 (*) Grown Ups 2............................$ 42.5 million 3 (*) Pacific Rim............................$ 38.3 million 4 (3) The Heat...............................$ 14.0 million 5 (2) The Lone Ranger........................$ 11.1 mi Bessemer goes on defense, on pace for best year NEW YORK (Reuters) - Portfolio managers at Bessemer Trust, financial adviser to ultra-wealthy U.S. families, took an extremely defensive posture a few weeks ago amid some of the most volatile... Beating the 'French Open curse' Boris Becker, Stefan Edberg and Pete Sampras explain why the French Open was so tough to win. Frederik Pleitgen reports. Robin Friedlander, David Berzin The bride, a doctor, is also a director at Health 2.0, a San Francisco company; the groom is an executive for Viacom. Bats Triple Play Make Your Picks for Week 19 Put your predictive skills to the test each week of the baseball season. Singapore wealth fund GIC sees western banks healing, could invest more SINGAPORE, Aug 2 (Reuters) - Singapore sovereign wealth fund GIC, the single biggest shareholder of UBS, said it believes the western banking industry is healing and it has the capacity to invest... White House Obama to nominate CFTC, FCC commissioners WASHINGTON, Aug 1 (Reuters) - President Barack Obama plans to nominate J. Christopher Giancarlo as a commissioner for the Commodity Futures Trading Commission and Michael P. O'Rielly as a commissioner for the Federal Communications Commission, the White House said on Thursday. (Reporting by Jeff Mason) One Direction star turns pro-footballer One Direction have already taken the music world by storm and now Louis Tomlinson is hoping to become a star in the football world after signing a deal with English second division club Doncaster Rovers. CNN Inside North Korea North Korea celebrates 60 years since the armistice that ended armed conflict in the Korean War. Ivan Watson reports. ArtsBeat McSweeneys Archive Acquired by Ransom Center in Austin The publishing companys archive, containing manuscripts and correspondence from writers like David Foster Wallace, Rick Moody and Zadie Smith, is headed to the Harry Ransom Center at the University of Texas at Austin. App Smart Apps for Arts and Crafts Projects for Families Apps like Foldify and PaperChibi are jammed with arts and crafts ideas that let you and your children create real-life playthings. Dying out? China's young shun family firms HONG KONG (Reuters) - Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father's business,... Simpson Makes Most of His First Bridgestone Round Webb Simpson, playing his first competitive round at Firestone Country Club, shot a six-under-par 64 to take a one-stroke lead in the Bridgestone Invitational. New golf course at St. Andrews Living Golf goes behind the scenes as work starts on a new course at the home of golf. New Music Dumpstaphunk, Five Finger Death Punch and Ben Monder From New Orleans funk to West Coast metal and labyrinthine guitar-based chamber music. Obama Says Hell Evaluate Pipeline Project Depending on Pollution President Obama said that he would evaluate construction of the Keystone XL pipeline on the basis of whether or not it would add significant amounts of carbon to the atmosphere. UPDATE 2-House Republicans to push $40 bln cut to food stamp program WASHINGTON, Aug 1 (Reuters) - U.S. House Republicans plan to seek a $40 billion cut in food stamps for the poor, the head of the House Agriculture Committee said on Thursday, double the amount... RPT-Singapore wealth fund GIC sees western banks healing, could invest more SINGAPORE, Aug 2 (Reuters) - Singapore sovereign wealth fund GIC, the single biggest shareholder of UBS, said it believes the western banking industry is healing and it has the capacity to invest more in the financial sector. Breakingviews DOJ's Cohen scapegoats July 25 - Antony Currie and Breakingviews columnists discuss how criminal charges against SAC may push the hedge fund under, unfairly punishing the fund's current staff. Austrian GP to return? Red Bull, whose Formula One team has won the drivers' and constructors' titles for the past three years, could have a home race in Austria from 2014. Wall Street Sharply Higher The Standard Poors 500-stock index broke through the 1,700 mark as data from around the world pointed to improving economic conditions. Dane prepares for Masters Living Golf meets Thorbjorn Olesen as the rising star of golf prepares for the most important tournaments of his career. PG appears back on track with CEO Lafley's return (Reuters) - Procter Gamble Co forecast a slightly more upbeat 2014 than expected on Thursday as Chief Executive A.G. Lafley tries to get the world's largest household products maker back on track... Boos at Bayreuth, but Brunnhilde shines for Wagner 200th BAYREUTH, Germany (Reuters) - The gods did not go up in flames but the audience erupted in a fury of booing on Wednesday night as an unorthodox new staging of Richard Wagner's "Ring" cycle for his 200th birthday at his opera house in Bayreuth came to a near-riotous conclusion. Red Bulls Cahill to Miss 3-4 Weeks A knee injury sustained in last weeks win against Real Salt Lake will sideline the Australian international midfielder. Global investors slash Asian stocks, boost euro zone LONDON (Reuters) - Global investors kicked off the second half of 2013 by slashing holdings of emerging Asian shares to a two-year low and boosting euro zone stocks and bonds, Reuters polls showed on... 'Kick-Ass 2' Not your average sequel Universal Pictures debuted new footage from the upcoming film "Kick-Ass 2" during a panel at San Diego Comic-Con. The stylized, violent clip introduced fans to the sequel's aesthetic and revealed several new characters, including Colonel Stars and Stripes, played by Jim Carrey.

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