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News Feed Latest worldwide news DealBook Hunting for Luxury, Retail Giant Buys Saks Hudsons Bay Company announced that it had agreed to buy Saks Inc., one of the oldest and most revered names in luxury retailing, for $2.4 billion in cash, uniting it with Lord Taylor. Obama defends Summers on 2009 economic stimulus WASHINGTON (Reuters) - U.S. President Barack Obama pushed back on Wednesday against critics who complain that his former top economic adviser, Lawrence Summers, was not aggressive enough in seeking more economic stimulus funds than Congress ultimately approved in 2009. Spotify Losses Grow, Despite Successful Expansion A quarter of the streaming services 24 million customers pay for their music, but that hasnt been enough for Spotify to turn a profit. Your First Crush Times readers share the inspiration that made them devote their lives or careers to popular music. In Transit Blog The Royal Child, With Tea The Athenaeum hotel in London has a photo exhibit focused on royal children through history, and tea to accompany it. UPDATE 1-U.S. Congress finally votes to cut student loan interest rates * Measure now goes to President Obama, who is expected to sign it UPDATE 2-Hyatt profit beats as US demand drives room rates * Shares rise as much as 6.8 pct (Adds analyst, CEO comment, updates share price) Trevino Merion win changed me Lee Trevino recounts his 1971 victory at Merion Golf Club, which will also host this year's U.S. Open. Watch List The Awesomes and Quick Draw Are New on Hulu The Awesomes and Quick Draw, two original series from Hulu, are among the latest shows available through streaming-video services. Data Show Higher Cancer Risk for Mars Astronauts The NASA findings could lead to a search for better shields to block radiation, measures to shorten the trip or a recalibration of allowable risks. U.S. Outlines N.S.A.s Culling of Data for All Domestic Calls The formerly classified papers outline a program that is collecting records of all domestic calls in the United States. Their release comes as top officials are testifying before the Senate. Iraqi man marries woman more than four times his junior July 18 - A 92-year-old man marries a 22-year-old woman in an Iraqi village. Tara Cleary reports. Editors Choice Our best photos from the last 24 hours. EDF exits U.S. nuclear, ups earnings outlook PARIS (Reuters) - French utility EDF, the world's biggest operator of nuclear plants, is pulling out of nuclear energy in the United States, bowing to the realities of a market that has been transformed by cheap shale gas. Banks in line for $153 mln payday from Barclays share sale LONDON, July 30 (Reuters) - The investment banks working on Barclays039; multi-billion pound share sale could split a total fee pot of close to 100 million pounds ($153.49 million). What the pope left out about women Alice Laffey says for many Catholic women, anything less than women's ordination as priests reveals discriminatory church. Still Francis' comments bode well for women in poverty Vanda shares jump as sleep disorder drug moves closer to market (Reuters) - Shares of Vanda Pharmaceuticals Inc jumped nearly 42 percent on expectations that its sleep disorder drug could reach market earlier than expected after U.S. health regulators said it... UPDATE 1-SunPower 2nd-qtr results top estimates LOS ANGELES, July 31 (Reuters) - SunPower Corp on Wednesday reported quarterly profit and revenue that topped expectations, helped by strong demand for its solar panels in utility, commercial and residential projects. MasterCard posts 21 percent rise in profit, shares rise (Reuters) - MasterCard Inc reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell. Well Making the Case for Eating Fruit Fresh fruit should not become a casualty in the sugar wars, many nutrition experts say. Indians Rally to Beat White Sox 7-4 Following Cleveland's comeback, there was more emotion than usual in the Indians' clubhouse. United Nations May Fall Short in Food Aid for Syria The World Food Program, which sought to help three million Syrians in July, cited intensified fighting in its inability to distribute more goods. Well Making the Case for Eating Fruit Fresh fruit should not become a casualty in the sugar wars, many nutrition experts say. U.S. Day Ahead LinkedIn's Facebook strategy July 31 - LinkedIn reports earnings and we'll find out how the plan to keep members staying longer on the site. Plus Activision details its strategy as a newly independent company. Ecuador's Christian Benitez dies aged 27 Ecuador international Christian Benitez, the top scorer in the Mexican league last season, has died suddenly at the age of 27. Cheryl Boone Isaacs Chosen to Head Film Academy Ms. Isaacs, a veteran film marketer, is the first woman to hold the presidency of the motion picture academy since 1983, and the first African-American in the role in the groups 86-year history. Hurricane Tips From Cuba Hurricane forecasting is an issue that the United States and Cuba do cooperate on, and some wish that would extend to disaster planning, given Cubas good track record. Emily Triebwasser, Matthew Bandelt The bride is a high school English teacher; the groom is pursing a Ph.D. in civil and environmental engineering. City Allots $50 Million to Arts Project Tied to Bloomberg Allies Some cultural groups are taken aback by the size of a $50 million New York City appropriation for a new arts group, the Culture Shed, whose board members have close ties to Mayor Michael R. Bloomberg. Pogue's Posts SmugMug Revamps Its Site, in a Challenge to Flickr SmugMugs upgrade, in the works for two years, offers a dizzying array of new features aiming at hard-core photographers. 'Heart failure' to blame for Benitez death Christian Benitez's sudden death at the age of 27 was due to heart failure, says his Qatari club Al Jaish. Pakistani Lawmakers Choose Next President The legislators picked Mamnoon Hussain, a Karachi industrialist and the candidate of Prime Minister Nawaz Sharifs party, for the largely ceremonial post. United Nations May Fall Short in Food Aid for Syria The World Food Program, which sought to help three million Syrians in July, cited intensified fighting in its inability to distribute more goods. Mahan quits Canadian Open to attend birth of child Halfway leader Hunter Mahan has pulled out of the Canadian Open after his wife went into labor. T Magazine Visiting the Source | A Chef in the Field Striped Bass Chefs on Long Island count the days until striped bass, the prize fish in the waters around Montauk, becomes available. News Analysis Quiet Rivalry Over the Next Fed Leader Comes Out of the Shadows The choice of the nations most powerful technocrat, the head of the Federal Reserve, has rarely generated this much public anticipation or political debate. Hit political blogger Nate Silver on future of predictive modeling NEW YORK (Reuters) - Nate Silver is an oxymoron come to life the famous statistician. Al Qaeda's image problem Peter Bergen says al Qaeda's attempts to rework its image with happy videos, tugs of war and ice cream eating contests won't fool anybody. Houston Rockets player accused of stomping on Oregon homeless man PORTLAND, Oregon (Reuters) - Houston Rockets forward Terrence Jones was arrested in Oregon early on Wednesday after police said an officer saw him stomp on the leg of a homeless man who was asleep on a downtown Portland sidewalk. Music Review Bombino Brings Tuareg Rhythms to Brooklyn Bowl The Niger-born guitarist and songwriter Bombino, backed by his three-man band, had the audience dancing at Brooklyn Bowl on Tuesday night.

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