Monday, November 28, 2011

Euro in danger, Europe races for debt solution (AP)

Euro in danger, Europe races for debt solution (AP)

Euro in danger, Europe races for debt solution (AP)

Posted: 28 Nov 2011 11:53 AM PST

A man checks stock indexes on a screen of a bank in Milan, Italy, Monday, Nov. 28, 2011. For the second time in as many market days, Italy paid sharply higher borrowing rates in an auction Monday, as investors continued to pressure the eurozone's third largest economy to come up with reforms urgently. (AP Photo/Luca Bruno)AP - European leaders rushed Monday to stop a rampaging debt crisis that threatened to shatter their experiment in a common euro currency and devastate the world economy as a result.

Long lines at polls as Egypt holds landmark vote (AP)

Posted: 28 Nov 2011 08:57 AM PST

ADDS NAME OF CANDIDATE ON POSTER - An Egyptian woman rests in front of campaign posters for Waleed Abou Heissa from the Egyptian Citizen Party outside a polling station on the first day of parliamentary elections in Alexandria, Egypt, Monday, Nov. 28, 2011. Shaking off years of political apathy, Egyptians on Monday began voting in their nation's first parliamentary elections since Hosni Mubarak's ouster, a giant step toward what many in the country hope will be a democratic Egypt after decades of dictatorship.(AP Photo/Tarek Fawzy)AP - Shaking off years of political apathy, Egyptians turned out in long lines at voting stations Monday in the first parliamentary elections since Hosni Mubarak's ouster, a giant step toward what they hope will be a democracy after decades of dictatorship.

NY judge rejects $285M SEC-Citigroup agreement (AP)

Posted: 28 Nov 2011 01:02 PM PST

FILE - In this Nov. 23, 2010 file photo, the corporate logo for Citigroup is shown, in New York. A federal judge on Monday, Nov. 28, 2011, struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong. (AP Photo/Mark Lennihan)AP - A federal judge on Monday used unusually harsh language to strike down a $285 million settlement between Citigroup and the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong.

Shoppers snap up Cyber Monday deals (AP)

Posted: 28 Nov 2011 01:30 PM PST

FILE - In this Nov. 29, 2010 file photo, Consumer Carol Uyeno looks at Cyber Monday sales on her computer at her home in Palo Alto, Calif. Retailers are coming up with names for just about every day of the week during the holiday shopping season. (AP Photo/Paul Sakuma, File)AP - Shoppers seem to be just as enthusiastic about shopping on their computers and smartphones on Cyber Monday as they were about finding deals over the weekend.

Democratic Rep. Barney Frank announces retirement (AP)

Posted: 28 Nov 2011 01:39 PM PST

Rep. Barney Frank, D-Mass., walks down the steps of Newton City Hall in Newton, Mass., Monday, Nov. 28, 2011, after announcing he will not seek reelection in 2012. (AP Photo/Stephan Savoia)AP - Democratic Rep. Barney Frank, a gay pioneer in Congress and a Massachusetts liberal whose name as well and fingerprints are on last year's sweeping bill regulating Wall Street, announced plans Monday to retire at the end of his current term, his 16th in Congress.

Banned players settle with gay softball group (AP)

Posted: 28 Nov 2011 11:54 AM PST

AP - A gay softball organization has agreed to pay an undisclosed sum to three players who were disqualified from its 2008 Gay Softball World Series because of their perceived heterosexuality.

Drum major who died in hazing was 'Mr. Band' (AP)

Posted: 28 Nov 2011 01:24 PM PST

Robert Champion Sr, left, his wife, Pam, right, and their attorney Christopher Chestnut participate in a news conference on Monday, Nov. 28, 2011, in Lithonia, Ga. The Champions, parents of Florida A&M drum major Robert Champion who died of suspected hazing Nov. 19, in Orlando, Fla., said they plan on filing a civil lawsuit in the matter. (AP Photo/Erik S. Lesser)AP - Robert Champion fell in love with music at about age 6 when he saw a marching band at a parade in downtown Atlanta. So mesmerized by the festivities, he came home, took out pots and pans and started banging away like a little drummer.

Philly calm but 4 arrested in LA after deadlines (AP)

Posted: 28 Nov 2011 12:40 PM PST

Wall Street protesters dance to music as they remain at the camp in front of Los Angeles City Hall in Los Angeles on Sunday, Nov. 27, 2011. Los Angeles Mayor Antonio Villaraigosa stated Friday that the protestors's campsite will be dismantled, beginning at 12:01 a.m. Monday. (AP Photo/Jason Redmond)AP - Wall Street protesters in Los Angeles and Philadelphia defied orders to leave their months-old encampments, making it through the deadlines without the acrimony that marked earlier forced evictions in other cities.

Tobey Maguire, others settle over poker winnings (AP)

Posted: 28 Nov 2011 10:26 AM PST

FILE - In this May 24, 2010 file photo, actor Tobey Maguire arrives to the Film Society of Lincoln Center's 37th Chaplin Award Gala honoring Michael Douglas in New York. Maguire has agreed to pay $80,000 to settle a lawsuit seeking repayment of more than $300,000 he won from a convicted con man during high stakes private poker games. (AP Photo/Charles Sykes, file)AP - Tobey Maguire has decided to fold `em and settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker games.

OSU set to introduce Meyer as next football coach (AP)

Posted: 28 Nov 2011 01:32 PM PST

FILE -- In this Jan. 11, 2009 file photo, Florida football coach Urban Meyer holds up the BCS Championship trophy in Gainesville, Fla., during ceremonies after their win over Oklahoma. ESPN is reporting that Ohio State has hired Meyer as its football coach. Meyer has worked for the sports network the past year. The network did not cite a source for its report.(AP Photo/Phil Sandlin, File)AP - Urban Meyer is returning to coaching — and to his roots.

Fitch revises U.S. rating outlook to negative (Reuters)

Posted: 28 Nov 2011 01:28 PM PST

Reuters - Fitch Ratings on Monday revised to negative the outlook on the United States' AAA credit rating after a Congress committee failed last week to agree on at least $1.2 trillion in deficit-reduction measures.

Judge blocks Citigroup-SEC settlement (Reuters)

Posted: 28 Nov 2011 12:40 PM PST

Reuters - A federal judge angrily blocked Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.

Germany, France press for coercive euro zone debt rules (Reuters)

Posted: 28 Nov 2011 01:07 PM PST

France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference after crisis talks with Greece's Prime Minister on the eve of a G20 summit of major world economies in Cannes, November 2, 2011. REUTERS/Charles PlatiauReuters - Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action.

Pakistan PM: No more "business as usual" with U.S. (Reuters)

Posted: 28 Nov 2011 01:13 PM PST

Young supporters of Jamaat-e-Islami, a religious and political party, yell anti-American slogans while protesting in Islamabad against a Nato cross-border attack one day earlier along the Pakistan-Afghanistan border November 27, 2011. REUTERS/Faisal MahmoodReuters - Pakistan's prime minister ruled out "business as usual" with the United States on Monday after a NATO attack killed 24 Pakistani soldiers and the army threatened to curtail cooperation over the war in Afghanistan.

Obama tells EU to take decisive action on debt (Reuters)

Posted: 28 Nov 2011 01:12 PM PST

U.S. President Barack Obama and first lady Michelle Obama walk on the South Lawn of the White House in Washington DC, on their way to Marine One for a trip to Towson, Maryland where Michelle's brother, Craig Robinson, is coaching the Oregon State team in a basketball game, November 26, 2011. REUTERS/Mike TheilerReuters - President Barack Obama pressed European Union officials on Monday to act quickly and decisively to resolve their sovereign debt crisis, which the White House said was weighing on the American economy.

Exclusive: Regulators doubt MF Global shortfall estimate (Reuters)

Posted: 28 Nov 2011 12:32 PM PST

Reuters - U.S. regulators are privately questioning a bankruptcy trustee's estimate that puts the shortfall in MF Global Holdings' customer funds at around $1.2 billion, a source familiar with the matter said on Monday.

Barney Frank, author of Wall St reform, to retire (Reuters)

Posted: 28 Nov 2011 12:13 PM PST

Reuters - Barney Frank announced his retirement from Congress Monday, leaving fellow Democrats without their foremost defender of a landmark financial-regulation overhaul that Republicans and Wall Street groups want to repeal.

Syria sanctioned and condemned for "brutality" (Reuters)

Posted: 28 Nov 2011 12:25 PM PST

Syria's President Bashar al-Assad greets the crowd during his visit to Raqqa city in Eastern Syria, November 6, 2011, in this handout photograph released by Syria's national news agency SANA. REUTERS/SANA/HandoutReuters - Syria faced growing economic sanctions and condemnation over "gross human rights violations" on Monday, but President Bashar al-Assad showed no sign of buckling under international pressure to end his military crackdown on popular unrest.
Posted by Harshad at 1:47 PM

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