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Daily Outlook - August 25

Obama favors Bernanke; GM's Big Decision; Cutting off the Net

Obama to renominate Bernanke as Fed chief

U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy out of its deepest downturn since the Great Depression.

Bernanke news lifts futures; consumer data eyed

Stock index futures were higher on Tuesday on news that Ben Bernanke will be renominated as chairman of the Federal Reserve and ahead of key consumer confidence and housing data.

Stock futures up on Bernanke news; housing data eyed

Stock index futures were slightly higher on Tuesday on news that Ben Bernanke will be renominated as chairman of the Federal Reserve and ahead of key consumer confidence and housing data.

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Nick Jonas says he dreams of being president

Teen pop star Nick Jonas, taking a break from touring with his brothers to raise awareness of juvenile diabetes, said he dreams about being U.S. president and may study political science in college.

Obama to reappoint Bernanke to lead Fed

U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.

Obama to nominate Bernanke for second term: report

Federal Reserve Chairman Ben Bernanke will be nominated to a second term by President Barack Obama on Tuesday, according to reports.

Obama to reappoint Bernanke as Fed chief: official

U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.

GM considers keeping Opel as pressure mounts

General Motors Co is considering a plan to raise funding to keep Opel as an alternative to selling the unit to Magna International , sources with knowledge of the deliberations said on Monday.

U.S. to leave Opel choice to GM; Opel union protests

The Obama administration pledged on Monday to stay out of General Motors' choice of a buyer for its European Opel unit, while union leaders in Germany put more pressure on the U.S. automaker to make a decision.

Afghan minister claims Karzai poll win, U.N. says wait

Afghanistan's finance minister claimed victory on Monday for President Hamid Karzai in last week's presidential election but, with no official figures released, the claim was rejected by his main rival's camp.

U.S. government to leave Opel choice to GM

The Obama administration pledged on Monday to stay out of General Motors Co's choice of a buyer for its Opel unit in Europe as German union leaders put more pressure on the U.S. automaker to make a decision.

Germany urges calm over Opel row as unions threaten

The German government sought to calm a growing transatlantic row over the fate of carmaker Opel on Monday as unions threatened

Iran says cooperating with IAEA, West skeptical

Iran will continue to cooperate with the U.N. nuclear watchdog, the Foreign Ministry said on Monday, apparently confirming Tehran had given inspectors access to a reactor under construction after barring visits for a year.

Israel PM expects no breakthroughs in London talks

Israeli Prime Minister Benjamin Netanyahu expects no breakthroughs at a meeting this week with a U.S. peace envoy, but hopes talks with the Palestinians can resume within two months, a spokesman said on Monday.

U.N. urges calm in wait for Afghan poll result

The United Nations special envoy to Afghanistan urged candidates and voters on Monday to remain patient while complaints surrounding last week's disputed presidential election are being considered.

Obama again tackles

U.S. President Barack Obama hammered away at

Storm Bill loses steam in North Atlantic

Hurricane Bill weakened to post-tropical storm status on Monday after lashing Eastern Canada with heavy winds and rain and pounding the U.S. East Coast with heavy seas that killed two people.

Democrats may duck health care foes in Senate

U.S. Democrats may sidestep Republican opposition to a sweeping healthcare overhaul by using Senate rules to pass some reform measures, a leading senator said on Sunday.

Hurricane Bill brings rain, wind to eastern Canada

Hurricane Bill brought rain and heavy winds to Nova Scotia in eastern Canada on Sunday, but the Category 1 storm caused little serious damage as it moved northeast toward the region's offshore oil and gas facilities.

Afghan challenger says election widely rigged

Afghan President Hamid Karzai's main challenger said on Sunday he had evidence last week's election had been widely rigged by the incumbent and that he had lodged more than 100 complaints.

New deficit projections pose risks to Obama's agenda

President Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when officials release two government reports projecting huge budget shortfalls over the next decade.

Hurricane Bill heads north, eastern Canada on alert

Hurricane Bill trekked north toward eastern Canada on Saturday, buffeting the U.S. East Coast with dangerous heavy swells after brushing Bermuda with rain and powerful churning surf.

Obama to visit China mid-November

President Barack Obama will visit China in mid-November, the new United States ambassador to Beijing said on Saturday, setting a date for a big summit likely to tackle the global economy, North Korea and climate change.

Bill brushes Bermuda, on path off U.S. East Coast

Hurricane Bill doused Bermuda with rain and battered its shores with powerful surf on Saturday as it moved on a path off the U.S. East Coast, where a tropical storm warning was issued for coastal Massachusetts.

Obama again tackles myths on healthcare reform

President Barack Obama hammered away at outrageous myths about his healthcare reform plans on Saturday, seeking again to take control of a debate that has tarnished support for his top domestic policy goal.