JEBALIYA REFUGEE CAMP, Gaza Strip (AP) — Several Israeli tank shells slammed into a crowded U.N. school used as shelter for refugees in the Gaza war early on Wednesday, killing at least 15 people and wounding 90, a Palestinian health official and a U.N. official said.
SARATOGA SPRINGS, N.Y. (AP) — Racing against time, members of a Japanese organization are combing a New York military museum's World War II records for information they hope will lead to the graves of American servicemen still listed as missing in action on Saipan.
WASHINGTON (AP) — Republicans said they were determined to make President Barack Obama heed the Constitution as they began muscling legislation through the House on Wednesday authorizing an election-year lawsuit asserting he has exceeded his executive powers.
By Soyoung Kim, Arno Schuetze and Edward Taylor NEW YORK/FRANKFURT (Reuters) - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter. ZF [ZFF.UL], which is lining up roughly 10 billion euros ($13.4 billion) in debt financing, is in talks to pay around $105 per TRW share, the people said, just above its current stock price and valuing the company at close to $12 billion based on shares outstanding.
Wall Street stocks Wednesday moved higher in early trade following a surprisingly strong report on second-quarter US growth and earnings results from Twitter that sent the social network's shares soaring. The Commerce Department said US economic growth came in at 4.0 percent in the second quarter on the back of strong private investment and consumer spending. Markets are waiting for a policy decision from the US Federal Reserve at 1800 GMT. Twitter bolted 22.6 percent higher after revenues more than doubled from a year ago to $312 million in the three months that ended June 30, with the number of monthly active users hitting 271 million, up 24 percent year-over-year.
KANSAS CITY, Mo. (AP) — President Barack Obama says the House GOP's vote to file a lawsuit against him is taking away from time they could be spending on issues that are important to the American people.
BAGHDAD (AP) — Iraqi Prime Minister Nouri al-Maliki said Wednesday his government has allocated more than $850 million to assist those displaced by last month's militant takeover of much of the country, and called on Sunnis remaining in those areas to take up arms against the insurgents.
Rafael Nadal is withdrawing from hard-court tournaments in Toronto and Cincinnati because of a right wrist injury, putting his status in doubt for a title defense at the U.S. Open.
Twitter shares surged in morning trade Wednesday after the messaging platform eased investor concerns with a quarterly report showing strong user growth and robust revenues. In the first half hour of trading, Twitter rallied 20 percent to $46.15, the highest levels since March. Revenues meanwhile leapt to $312 million, and the market appeared the shrug off Twitter's widening loss at $145 million. Ross Sandler, analyst at Deutsche Bank, said the quarterly figures appear to have calmed skepticism about Twitter.
WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.
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