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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Senate resets test vote on Fed chair nominee Yellen to Friday

U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the ne
U.S. Federal Reserve Vice Chair Janet Yellen testifies during a Senate Banking Committee confirmation hearing on her nomination to be the ne

WASHINGTON (Reuters) - The Democratic-led U.S. Senate reset a test vote on Janet Yellen as chair of the Federal Reserve for Friday, with an anticipated confirmation vote now scheduled for January 6.

Senate Democratic Leader Harry Reid announced the dates on Thursday as part of an end-of-year agreement with Republicans on a number of President Barack Obama's pending nominees. Reid had earlier intended to begin debate on Yellen on Friday, with a confirmation vote on Saturday. She appears virtually certain to be approved.

(Reporting By Thomas Ferraro; Editing by Mohammad Zargham)

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