Tuesday, November 29, 2011

Eurozone ministers OK $10.7 billion Greek loan (AP)

Eurozone ministers OK $10.7 billion Greek loan (AP)

Eurozone ministers OK $10.7 billion Greek loan (AP)

Posted: 29 Nov 2011 12:50 PM PST

Greek Finance Minister Evangelos Venizelos, left, shakes hands with Italian Prime Minister and Finance Minister Mario Monti during a round table meeting of the eurogroup at the EU Council building in Brussels on Tuesday, Nov. 29, 2011. The 17 finance ministers of countries that use the euro converged on EU headquarters Tuesday in a desperate bid to save their currency and to protect Europe, the United States, Asia and the rest of the global economy from a debt-induced financial tsunami. (AP Photo/Virginia Mayo)AP - Eurozone ministers threw a lifeline to Greece on Tuesday as they scrambled to prevent financial chaos from spreading further and driving Europe's common euro currency into a catastrophic breakup.

Cain tells aides he is reassessing his campaign (AP)

Posted: 29 Nov 2011 10:52 AM PST

Ginger White poses for a photo near Dunwoody, Ga. on Monday, Nov. 28, 2011. In an explosive allegation, White said Monday she and Republican presidential hopeful Herman Cain had a 13-year extramarital affair that lasted nearly until the former businessman announced his candidacy for the White House several months ago. (AP Photo/Greg Bluestein)AP - Herman Cain told aides Tuesday he is assessing whether the latest allegations of inappropriate sexual behavior against him "create too much of a cloud" for his Republican presidential candidacy to go forward.

Official: Jackson's doctor to serve about 2 years (AP)

Posted: 29 Nov 2011 12:19 PM PST

Dr. Conrad Murray turns to the courtroom audience after he was sentenced to four years in county jail for his involuntary manslaughter conviction in the death of pop star Michael Jackson on Tuesday, Nov. 29, 2011 in Superior Court in Los Angeles. (AP Photo/Mario Anzuoni, Pool)AP - The doctor convicted in the overdose death of Michael Jackson was sentenced to the maximum four years behind bars Tuesday by a judge who denounced him as a reckless physician whose actions were a "disgrace to the medical profession."

Iranian protesters storm British Embassy in Tehran (AP)

Posted: 29 Nov 2011 12:48 PM PST

Iranian protesters enter the British Embassy, in Tehran, Iran, Tuesday, Nov. 29, 2011. Dozens of hard-line Iranian students stormed the British Embassy in Tehran on Tuesday, bringing down the Union Jack flag and throwing documents from windows in scenes reminiscent of the anger against Western powers after the 1979 Islamic Revolution. The mob moved into the diplomatic compound two days after Iran's parliament approved a bill that reduces diplomatic relations with Britain following London's support of recently upgraded Western sanctions on Tehran over its disputed nuclear program. (AP Photo/Vahid Salemi)AP - Hard-line Iranian protesters stormed British diplomatic compounds Tuesday, hauling down the Union Jack, torching an embassy vehicle and pelting buildings with petrol bombs in what began as an apparent state-approved show of anger over the latest Western sanctions to punish Tehran for defiance over its nuclear program.

Pfizer maneuvers to protect Lipitor from generics (AP)

Posted: 29 Nov 2011 12:48 PM PST

This undated photo provided by by Watson Pharmaceuticals Inc., shows Atorvastatin Calcium tablets, or generic Lipitor, which is being sold under a deal with Pfizer. Cholesterol blockbuster Lipitor is so valuable to its maker that Pfizer Inc. is practically paying people to keep taking it after generic rivals hit the U.S. market this week. The drug giant is even ensuring many of the 3 million Americans taking Lipitor can't switch to the generic.(AP Photo/Watson Pharmaceuticals Inc., Bill Gallery)AP - Lipitor is so valuable that its maker, Pfizer Inc., is practically paying people to keep taking the blockbuster cholesterol medicine after generic competition hits the U.S. market this week.

American Airlines files for bankruptcy protection (AP)

Posted: 29 Nov 2011 11:07 AM PST

American Airlines' planes are parked at a gate at LaGuardia Airport in New York, Tuesday, Nov. 29, 2011. American Airlines and its parent company are filing for Chapter 11 bankruptcy protection as they seek to cut costs and unload massive debt built up by years of high jet fuel prices and labor struggles. (AP Photo/Seth Wenig)AP - The parent company of American Airlines filed for bankruptcy protection Tuesday, seeking relief from crushing debt caused by high fuel prices and expensive labor contracts that its competitors shed years ago.

Pakistan steps up anti-US rhetoric after attack (AP)

Posted: 29 Nov 2011 12:55 PM PST

Pakistani protesters shout slogans at a rally to condemn NATO strikes on Pakistani soldiers, in Karachi, Pakistan on Tuesday, Nov. 29, 2011. Pakistan said Tuesday it will boycott an upcoming meeting in Germany on the future of Afghanistan to protest the deadly attack by U.S.-led forces on its troops, widening the fallout from an incident that has sent ties between Washington and Islamabad into a tailspin. (AP Photo/Shakil Adil)AP - Pakistan withdrew from an international conference on stabilizing Afghanistan to protest the deadly attack by American forces on its troops, widening a fresh rupture in ties with a nominal ally that is endangering the U.S. plan for gradually ending the war.

Norway killer found insane, unfit for prison (AP)

Posted: 29 Nov 2011 10:23 AM PST

FILE - This 2009 file image issued by Norwegian police on Oct. 28, 2011, shows confessed mass killer Anders Behring Breivik in a passport photo. The forensic psychiatrists who evaluated the mental state of confessed mass killer Anders Behring Breivik have handed over their assessment to a Norwegian court Tuesday Nov. 29, 2011. The report will help determine whether the 32-year-old right-wing extremist can be held criminally liable for a bomb-and-shooting massacre in which 77 people were killed on July 22. (AP Photo/Norwegian Police via Scanpix Norway, File) NO SALESAP - Confessed mass killer Anders Behring Breivik belongs in psychiatric care instead of prison, prosecutors in Norway said Tuesday after a mental evaluation declared him legally insane during a bomb-and-shooting rampage that killed 77 people.

Sheriff: DNA identifies John Wayne Gacy victim (AP)

Posted: 29 Nov 2011 10:13 AM PST

FILE - This 1978 file photo shows serial killer John Wayne Gacy. On Tuesday, Nov. 29, 2011, Cook County Sheriff Tom Dart announced that his office has identified a previously unknown victim of Gacy as 19-year-old William George Bundy. It came nearly seven weeks after his office sought the DNA of relatives of people who disappeared in the 1970s to look for matches with the remains of eight young men who were never identified. Gacy was convicted of murdering 33 young men between 1972 and 1978. He buried most of the bodies in a crawl space under his home. (AP Photo/File)AP - More than 30 years after finding bones beneath John Wayne Gacy's house, authorities have identified a 19-year-old Chicago construction worker who disappeared in 1976 as one of Gacy's eight unnamed victims.

Facebook settles with FTC over deception charges (AP)

Posted: 29 Nov 2011 10:39 AM PST

FILE - This Oct. 11, 2010 file photo, shows the logo of the online network Facebook, recorded in Munich with a magnifying glass of a computer screen of a laptop. Facebook said Tuesday, Nov. 29, 2011, it is settling with the Federal Trade Commission over charges it deceived consumers. The FTC had charged that the social network told people they could keep the information they share private and then allowed for it to be made public. The charges go back to 2009.(AP Photo/dapd, Joerg Koch)AP - Facebook is settling with the Federal Trade Commission over charges it deceived consumers with its privacy settings to get people to share more personal information than they originally agreed to.

Insight: In euro zone crisis, companies plan for the unthinkable (Reuters)

Posted: 29 Nov 2011 06:34 AM PST

A one euro coin is melted with a welding torch in this photo illustration taken in Bern November 8, 2011. REUTERS/Michael Buholzer/FilesReuters - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed?

American Airlines files for bankruptcy (Reuters)

Posted: 29 Nov 2011 11:36 AM PST

Reuters - American Airlines, the third-largest U.S. carrier, and its parent AMR Corp filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand.

Cain campaign crumbling after affair allegation (Reuters)

Posted: 29 Nov 2011 11:29 AM PST

Republican presidential candidate Herman Cain departs the State House in Concord, New Hampshire November 17, 2011. REUTERS/Brian SnyderReuters - Herman Cain told aides on Tuesday he would reassess the viability of his struggling campaign after an Atlanta woman accused him of conducting a 13-year extramarital affair.

Iranian protesters storm UK diplomatic compounds (Reuters)

Posted: 29 Nov 2011 11:54 AM PST

Police chase protesters as they enter the gate of the British embassy in Tehran November 29, 2011. REUTERS/StringerReuters - Iranian protesters stormed two British diplomatic compounds in Tehran on Tuesday, smashing windows, torching a car and burning the British flag in protest against new sanctions imposed by London.

Facebook settles privacy case with FTC (Reuters)

Posted: 29 Nov 2011 10:38 AM PST

The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. REUTERS/Robert GalbraithReuters - Facebook has agreed to settle an investigation by the Federal Trade Commission into deceptive privacy practices, committing to cease making false claims and to submit to independent audits for 20 years.

Europe struggles with rescue fund, may turn to IMF (Reuters)

Posted: 29 Nov 2011 10:57 AM PST

Reuters - Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.

Exclusive: PE firm eyes buyout for Yahoo's U.S. business (Reuters)

Posted: 29 Nov 2011 05:30 AM PST

The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. REUTERS/Mario AnzuoniReuters - Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.

Syrian rebel ambush said to kill 3 soldiers (Reuters)

Posted: 29 Nov 2011 09:01 AM PST

Demonstrators protest against Syria's President Bashar al-Assad in Khalidieh, near Homs, November 28, 2011. REUTERS/HandoutReuters - Rebel forces ambushed an army vehicle in northern Syria on Tuesday, killing three soldiers and capturing two others, Syrian human rights observers said.

NBA labor deal: Did it fix the league's biggest problem? (The Christian Science Monitor)

Posted: 28 Nov 2011 05:46 PM PST

The Christian Science Monitor - Sports-labor experts are split over whether the new National Basketball Association labor deal tentatively agreed upon between owners and players' representatives will actually fix the main problem it set out to address.

Judge rejects SEC deal with 'recidivist' Citigroup, calls fine 'pocket change' (The Christian Science Monitor)

Posted: 28 Nov 2011 03:45 PM PST

The Christian Science Monitor - A federal judge in New York refused on Monday to endorse a $285 million consent agreement with the SEC that would have allowed Citigroup Global Markets, Inc., to avoid any admission of wrongdoing in a deceptive securities transaction that earned Citigroup $160 million in profits while investors lost $700 million.
Posted by Harshad at 1:07 PM

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