1:33 PM 8/2/2012

Former UN Secretary-General Kofi Annan has quit as the UN-Arab League envoy to Syria. UN chief Ban Ki-moon said Annan had decided not to seek an extension to the mandate first handed to him in February.

SEOUL — A junior official from the British Embassy in North Korea accompanied leader Kim Jong Eun on a rollercoaster ride last week, British officials have confirmed, highlighting the tentative rapprochement between the two countries in recent years.
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via Voice of America by Hillary Heuler on 8/2/12
KAMPALA — U.S. Secretary of State Hillary Clinton will be in Uganda Friday to talk with President Yoweri Museveni about regional security and American-Ugandan military cooperation. Hillary Heuler reports from Kampala. The U.S. State Department describes Uganda as a "key U.S. partner," particularly in the fight against the rebel Lord’s Resistance Army and in Somalia. Fighting al-Shabab Ugandan troops make up the bulk of the African Union peacekeeping force in Somalia, AMISOM - ...

via Voice of America by Sebastian Mhofu on 8/2/12
HARARE — A 34-year-old Zimbabwean woman - who last month was found guilty of deliberately infecting her husband with the HIV virus - is fighting her conviction. Her lawyers have approached the country's highest court, demanding repeal of the law she was charged under, saying it stigmatizes HIV/AIDS. HIV-positive Samukelisiwe Mlilo is facing 20 years in jail for infecting her husband with the HIV virus. But she is not yet serving her sentence because of Zimbabwe Lawyers ...

via Voice of America by VOA News on 8/2/12
​​Egyptian Prime Minister Hisham Qandil has defended his selections for the new 35-minister Cabinet, which includes key positions for holdovers from former President Hosni Mubarak's era. The prime minister told a news conference Thursday he chose ministers based on competence. State-run television says he also called for unity and urged Egyptians to work together for a "bright future." The Cabinet includes Field Marshal Mohamed Hussein Tantawi. He will keep his job as defense ...

via Voice of America by Lisa Schlein on 8/2/12
GENEVA – A new report finds the conflict in Syria is having a devastating impact on the country's food, crop and livestock production. A recent assessment by the U.N. Food and Agriculture Organization, the World Food Program and Syria's Ministry of Agriculture notes up to three million people will need assistance during the coming year. Of the three million vulnerable people, the report says about half will need immediate food assistance over the next three to six months. ...


CBC.ca

Knight says it has fixed cause of trading glitch
Wall Street Journal
AP NEW YORK — Knight Capital Group, a stock trading firm, is blaming a software installation problem for a technical glitch that briefly threw trading of dozens of stocks into chaos on Wednesday. The company also said in a statement Thursday that the ...
Knight seeks financing after $440 million loss; shares dropReuters
Knight Has 'All Hands on Deck' to Deal With $440 Million BugSan Francisco Chronicle
The Reaction to Knightmare on Wall StreetBarron's
Bloomberg -Financial Times -New York Times
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via The New York Times's Facebook Wall by The New York Times on 8/2/12
Missy Franklin, Dana Vollmer, Shannon Vreeland and Allison Schmitt of the United States set an Olympic-record time on Wednesday night in the 4x200 freestyle relay. (Photo: Doug Mills/The New York Times)

Go to http://bit.ly/OIvXcd for live coverage of today's Olympic events, including the Women’s All-Around Gymnastics Final, now.

via AP Top Headlines At 12:08 p.m. EDT by By MICHAEL WARREN on 8/2/12
BUENOS AIRES, Argentina (AP) -- Bond payoffs are supposed to be boring, but Argentina's president is celebrating Friday's final $2.3 payment on a bond given to people whose savings were confiscated a decade ago, suggesting it is a lesson for European countries now mired in foreign debt....


via Uploads by CNN by CNN on 8/2/12
CNN's Richard Quest puts the latest translation apps to the test while in China.
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The FAA is investigating how three commuter jets narrowly avoided a midair collision near Ronald Reagan Washington National Airport outside the nation's capital.

A steel beam signed by President Barack Obama was lifted into place Thursday at the top of the 104-story One World Trade Center.

Traders and floor officials gather at a post on the floor of the New York Stock Exchange shortly after the beginning of trading, Wednesday, Aug. 1, 2012. The market wavered between gains and losses for much of Wednesday, yanked around by technical problems, an ambiguous statement from the Federal Reserve, and mixed reports on U.S. companies that made it difficult to decipher just where the economy is headed. (AP Photo/Richard Drew)Stocks are slumping at midday after the European Central Bank failed to put forward concrete new plans for calming the continent's debt crisis.

GENEVA (Reuters) - Kofi Annan blamed "finger pointing and name calling" within the U.N. Security Council among the reasons for his decision on Thursday to quit as the U.N.-Arab League Joint Special Envoy for Syria. "The world is full of crazy people like me. So don't be surprised if Secretary General Ban Ki-moon can find someone who can do a better job than me," Annan said when asked if he thought someone else would be named to succeed him. ...

The Senate has failed to pass legislation to protect the U.S. electrical grid, water supplies and other critical industries from cyberattack and electronic espionage.

BEIRUT (Reuters) - When Sunni officer Fahed al-Freij was promoted to replace Syria's Defense minister, slain in a bomb attack two weeks ago, few people paid much attention and rebels dismissed him as inconsequential. But Lebanese officials close to the Syrian government said his appointment was a clear indication that President Bashar al-Assad, taken aback by the assassination of four of his top security officials, had decided to respond savagely. They said Freij, a staunch Assad supporter, was known for brutality and shoot-to-kill tactics. ...

Mahindra Satyam said its quarterly net profit rose 56 percent year-on-yearIndian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit rose 56 percent year-on-year, beating forecasts as orders climbed.

President Barack Obama prepares to board Air Force One before his departure from Andrews Air Force Base, Md.,Thursday, Aug., 2, 2012. Obama is campaigning in Florida and Northern Virginia today. (AP Photo/Pablo Martinez Monsivais)More money is being spent this time to help elect a president than ever before, most of it being plowed into just a handful of states to sway a handful of voters.

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