Thursday, May 3, 2012

Investors say Berkshire will endure after Buffett

Investors say Berkshire will endure after Buffett


Investors say Berkshire will endure after Buffett

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Berkshire Hathaway shareholders make their annual pilgrimage to Omaha, Neb., this weekend, and this year they have to confront an uncomfortable truth: Warren Buffett can't go on forever.

Galifiniakis' series makes TV debut, ferns in tow

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In this undated image from video released by Comedy Central, host Zach Galifianakis, right, talks with Jon Stewart, comedian and host of Certainly, the Internet has its purposes, but there might be none greater than "Between Two Ferns."


Yahoo investor says CEO lied about tech degree

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A major Yahoo shareholder is accusing the Internet company's CEO of lying about his technology credentials to make himself appear more qualified for the job.

Hawker Beechcraft files for bankruptcy protection

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Aircraft maker Hawker Beechcraft filed for bankruptcy protection Thursday after reaching agreement with the majority of its secured lenders and bondholders to restructure its massive debt.

Challengers outraise GOP incumbents in 1st quarter

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FILE - In this April 30, 2012 file photo, President Barack Obama speaks in Washington. Democratic challengers outraised Republican incumbents in 20 competitive House races from California to Virginia during the first three months of the year, and President Barack Obama's party has the upper-hand in eight other districts where congressmen are retiring. (AP Photo/Evan Vucci, File)Democratic challengers raised more money than Republican incumbents in 20 competitive House races from California to Virginia during the first three months of the year, and President Barack Obama's party has the upper-hand in eight other districts where congressmen are retiring.


Ravens LB Suggs tears Achilles tendon

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FILE - This Jan. 18, 2012 file photo shows Baltimore Ravens linebacker Terrell Suggs speaking during a news conference at the team's practice facility in Owings Mills, Md. A person familiar with the injury says Suggs has torn his Achilles tendon while working out in Arizona and may miss the 2012 season. The Associated Press' NFL Defensive Player of the Year is expected to have surgery next week, according to a person who spoke on condition of anonymity because details of the injury have not been released. The Ravens issued a statement Thursday, May 3, 2012, saying they are in contact with Suggs, he will see a specialist next week, and Baltimore Ravens linebacker Terrell Suggs will have surgery for a partially torn Achilles tendon, an injury he insists will not keep him sidelined for the entire 2012 season.


Obama under pressure over China dissident seeking asylum

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A handout photo from US Embassy Beijing Press office shows blind activist Chen sitting in a wheelchair at a hospital in BeijingBEIJING/WASHINGTON (Reuters) - President Barack Obama came under pressure on Thursday to ensure the safety of blind Chinese dissident Chen Guangcheng who briefly took refuge in the American embassy and whose later desperate pleas for asylum from a Beijing hospital bed threaten to fan U.S.-China tensions. Chen, a self-taught legal activist, left the U.S. Embassy on Wednesday shortly before Secretary of State Hillary of Clinton arrived in Beijing for talks aimed at improving economic and strategic relations between the two superpowers. But within hours, Chen changed his mind about a deal that U. ...


Alleged 'Bishop' bomber calls self to stand

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FILE - This undated file image from television provided by KWWL-TV in Waterloo, Iowa, shows John P. Tomkins, of Dubuque, Iowa. Tomkins, was arrested in April 2007, accused of mailing pipe bombs to investment companies in hopes of driving up stock prices. On Thursday, May 3, 2012, at federal court in Chicago, Tomkins will deliver his own closing at his trial. Before closing arguments, Tomkins could also call himself to take the stand. The 47-year-old represents himself and speaks about himself in the third person. (AP Photo/KWWL-TV, File) NO SALESA former Iowa letter carrier accused of sending dud pipe bombs and taunting letters signed "The Bishop" called himself to the witness stand at his own trial Thursday, admitting he sent the devices but insisting they never would have gone off.


Sudan agrees to AU roadmap, must meet South Sudan

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Sudan on Thursday endorsed the African Union's roadmap to avert an all-out war with South Sudan, though it insisted on retaining the right to self-defense.

Ohio zoo: Widow to get 5 exotic animals on Friday

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FILE - This file photo provided by the Columbus Zoo and Aquarium and shows one of three leopards that were captured by authorities, a day after their owner released dozens of wild animals and then killed himself near Zanesville, Ohio on Oct. 18, 2011. Officials say five exotic animals will be returned to Marian Thompson, the woman whose husband released dozens of wild creatures last fall before killing himself. The Ohio Agriculture Department announced the decision Monday. It's unclear when the animals would be released to Marian Thompson. (AP Photo/Columbus Zoo and Aquarium, Grahm S. Jones, File)An Ohio zoo says it will transfer five exotic animals on Friday to the widow of a suicidal animal owner who released dozens of wild creatures last fall.


French candidate goes from wishy-washy to wow

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This combination of images show French Socialist Party leader Francois Hollande in a Friday, Aug. 31, 2007 file photo, left, addressing young militants in La Rochelle, France, and in a campaign rally in Toulouse, France, Thursday May 3 2012, right. The last time France voted for president, Francois Hollande was a portly, smiley man with a wishy-washy image playing second fiddle to Segolene Royal, his Socialist party's candidate and the mother of his four kids. Now he's a man with a trim waistline and promising future who managed a tough presidential debate with the air of, well, a president. (AP Photo/Bob Edme, File, Christophe Ena)The last time France voted for president, Francois Hollande was a portly, smiley man likened to custard pudding who played second fiddle to Segolene Royal, his Socialist party's candidate and the mother of his four kids.


Attorney: Wife's arrest in Sanders case a 'setup'

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The recent arrest of the estranged wife of Deion Sanders following accusations that she attacked the Hall of Fame cornerback was "a complete setup," the woman's attorney in their tumultuous divorce case said Thursday.

US uses bin Laden letters to degrade al-Qaida

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FILE - This is an undated file photo of al Qaida leader Osama bin Laden, in Afghanistan. A selection of documents seized in last year's raid on bin Laden's Pakistan house was posted online Thursday, May 3, 2012 by the U.S. Army's Combating Terrorism Center. The documents show dark days for al-Qaida and its hunkered-down leader after years of attacks by the United States and what bin Laden saw as bumbling within his own organization and its terrorist allies. (AP Photo, File)Letters from Osama bin Laden's last hideaway, released by U.S. officials intent on discrediting his terror organization, portray a network weak, inept and under siege — and its leader seemingly near wit's end about the passing of his global jihad's glory days.


Amateur sleuth helps stop National Archives thefts

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In this photo taken Monday, April 30, 2012, J. David Goldin, shows his radio collection in Sandy Hook, Conn. A federal judge in Maryland is set to sentence a former government employee for stealing thousands of recordings from the National Archive and selling many on eBay. The man who noticed the theft and helped capture the thief is a retired radio engineer from Connecticut, J. David Goldin. Goldin spotted on eBay a record he'd donated to the archive in the 1970s, setting off an investigation. (AP Photo/Jessica Anne Gresko) Thank you, JessicaWhen J. David Goldin saw the recorded interview of baseball great Babe Ruth for sale on eBay he knew something was wrong. There was only one original record of that 1937 interview of Ruth on a hunting trip, and Goldin had donated it to a government archive more than 30 years ago. Now someone was auctioning it off, the winning bid just $34.75.


Facebook hopes to raise more than $10 billion in IPO: source

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An illustration picture shows the log-on screen for the website Facebook in MunichSAN FRANCISCO (Reuters) - Facebook Inc plans to raise more than $10 billion this month in Silicon Valley's largest-ever IPO, a source familiar with the IPO told Reuters. The world's largest social network is pricing its initial public offering at a range with a midpoint of $31.50 per share, seeking a valuation of more than $85 billion, a second source said. The mammoth IPO will be priced in the high-$20s to mid-$30s a share, a range expected to be announced later on Thursday when the company releases its latest prospectus, one of the sources said. ...


Athens rally

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Athens rallySupporters of Leader of the Greek conservative party New Democracy Antonis Samaras wave flags during a pre-election speech in Athens.


Facebook sets $28 to $35 price range for IPO

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Exterior view of Facebook headquarters in Menlo Park, Calif., Wednesday, May 2, 2012. Facebook will go public on May 18, a Wall Street Journal report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004. (AP Photo/Paul Sakuma)Facebook has set a price range of $28 to $35 for its initial public offering of stock.


Republicans back Santorum, Rubio for VP

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U.S. former Republican presidential hopeful Senator Santorum speaks during the National Rifle Association's 141st Annual Meetings & Exhibits in St. Louis, MissouriWASHINGTON (Reuters) - Rick Santorum and Marco Rubio are the top two choices among Republican voters as Mitt Romney's vice presidential running mate, according to a Reuters/Ipsos poll released on Thursday. Eighteen percent of Republican registered voters picked former Pennsylvania Senator Santorum out of a list of 19 potential running mates for Romney, the party's presumptive presidential nominee in the November 6 general election. Seventeen percent chose Rubio, a U.S. senator from Florida. ...


Yemenis call for purges of ex-leader's loyalists

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Yemeni Army soldiers stand in a line to block protestors in front of the President's house, unseen, during a demonstration demanding the trial of former President Ali Abdullah Saleh in Sanaa, Yemen, Thursday, May 3, 2012. (AP Photo/Hani Mohammed)Tens of thousands of Yemenis took to the streets Thursday to demand dismissal of members of the country's former regime from top military posts, a key to fighting al-Qaida, as 20 militants and Yemeni troops were killed in clashes in the south.


CDC report: More teen girls use best birth control

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More teen girls now use the best kinds of birth control, a new government study says.

Facebook IPO price values firm above $70 bn

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Facebook is proposing a price range for its IPO which would value the company between $70 billion and $87.5 billionFacebook is proposing a price range for its hotly anticipated public offering which would value the social network between $70 billion and $87.5 billion, documents showed Thursday.


Son, 14, arrested in Calif. shooting of ICE agent

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Immigration and Customs Enforcement (ICE) agents lining the driveway of a home in Carson, Calif. salute as the body of an ICE agent covered by an American flag is wheeled to a coroner's van on Thursday, May 3, 2012. The 14-year-old son of a federal agent was arrested Thursday in the shooting death of his father in their Southern California home, authorities said. (AP Photo/Nick Ut)A federal agent was shot and killed by his 14-year-old son who fired a single shot through a window from the backyard then called 911, authorities said Thursday.


Google wants authors group out of NY library case

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Google Inc. urged a judge Thursday to toss The Authors Guild and an organization representing photographers out of 6-year-old litigation over the future of the world's largest digital library, a move that would force authors and photographers to individually fight the online search engine giant.

Blanton, Phillies shut out Braves, 4-0

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Philadelphia Phillies starting pitcher Joe Blanton (56) embraces catcher Brian Schneider (23) after defeating the Atlanta Braves 4-0 in a baseball game in Atlanta, on Thursday, May 3, 2012. Blanton earned the victory allowing no runs on three hits in nine innings. (AP Photo/John Bazemore)Joe Blanton's plan for a quick and efficient win on Thursday keyed on his hope to take advantage of a marathon game the night before.


Samsung reveals new flagship Galaxy smartphone

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Samsung says the latest phone in its Galaxy line, which has emerged as the biggest competitor to Apple's iPhone, will go on sale in Europe this month and in the U.S. this summer.

Facebook stock to price at $28 to $35 per share

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Exterior view of Facebook headquarters in Menlo Park, Calif., Wednesday, May 2, 2012. Facebook will go public on May 18, a Wall Street Journal report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004. (AP Photo/Paul Sakuma)Facebook says it has set a price range of $28 to $35 for its initial public offering of stock.


Independent counsel: bounty payments were made

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FILE - This July 28, 2011 file photo shows New Orleans Saints linebacker Jonathan Vilma answering questions during a news conference at the NFL football team's training facility, in Metairie, La. Vilma has been suspended without pay for the entire 2012 season by the NFL, one of four players punished for participating in a pay-for-pain bounty system. NFL Commissioner Roger Goodell's ruling was announced Wednesday, May 2, 2012 . (AP Photo/Bill Haber, File)A former U.S. attorney hired by the NFL to evaluate its investigation of the New Orleans Saints' bounty program said Thursday the evidence shows players received payments for hits on targeted opponents.


Shares of BlackBerry maker hit eight-year low

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Shares of Research in Motion Ltd. hit an eight-year low Thursday and have fallen more than 15 percent in the past three days, after the company unveiled a prototype BlackBerry with new software.

U.S. handling of Chen case "a day of shame" for Obama: Romney

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PORTSMOUTH, Virginia (Reuters) - Presumptive Republican presidential nominee Mitt Romney on Thursday slammed the Obama administration for its handling of Chinese dissident Chen Guangcheng's case, calling it "a day of shame." Chen grabbed world headlines with his dramatic flight from 19 months of house arrest, reaching the U.S. Embassy complex in Beijing last week. But the blind dissident is now under Chinese control in a Beijing hospital after being released from the embassy in a deal between the Chinese and U.S. governments. ...

Bin Laden had disdain for al Qaeda affiliates: documents

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To match special report BINLADEN/KILLWASHINGTON (Reuters) - Osama bin Laden showed disdain for al Qaeda affiliates and fretted about his organization's image, according to documents seized from his hideout in Pakistan and released publicly on Thursday. The Combating Terrorism Center, a privately funded research center at the U.S. Military Academy at West Point, posted on its website 17 declassified documents seized during the raid on bin Laden's house in Abbottabad in which he was killed by U.S. commandos a year ago. (http:www.ctc.usma. ...


Bin Laden documents: US trying to degrade al-Qaida

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FILE - This is an undated file photo of al Qaida leader Osama bin Laden, in Afghanistan. A selection of documents seized in last year's raid on bin Laden's Pakistan house was posted online Thursday, May 3, 2012 by the U.S. Army's Combating Terrorism Center. The documents show dark days for al-Qaida and its hunkered-down leader after years of attacks by the United States and what bin Laden saw as bumbling within his own organization and its terrorist allies. (AP Photo, File)Letters from Osama bin Laden's last hideaway, released by U.S. officials intent on discrediting his terror organization, portray a network weak, inept and under siege — and its leader seemingly near wit's end about the passing of his global jihad's glory days.


Romney criticizes Obama administration over Chen

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney, accompanied by Rep. Michele Bachmann, R-Minn., speaks at a campaign stop in Portsmouth, Va., Thursday, May 3, 2012. (AP Photo/Jae C. Hong)Republican presidential candidate Mitt Romney criticized the Obama administration Thursday for allowing a blind Chinese dissident to leave the U.S. Embassy in Beijing and suggested political motivations were at hand. The White House said the president wasn't concerned about the politics of the case.


Report: Facebook stock to price up to mid $30s

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Exterior view of Facebook headquarters in Menlo Park, Calif., Wednesday, May 2, 2012. Facebook will go public on May 18, a Wall Street Journal report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004. (AP Photo/Paul Sakuma)Facebook is seeking a valuation of $85 billion to $95 billion when it goes public in a few weeks, according to a published report Thursday.


Giants lose slugger Sandoval to broken left hand

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San Francisco Giants' Pablo Sandoval celebrates after hitting a solo home run off of Miami Marlins' Ricky Nolasco during the sixth inning of a baseball game in San Francisco, Tuesday, May 1, 2012. (AP Photo/Jeff Chiu)The San Francisco Giants are suddenly without their best hitter.


AP Exclusive: Wyo. got EPA to delay frack finding

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ADVANCE FOR FRIDAY AMS MAY 4 - FILE - A May 22, 2009 picture shows John Fenton, a farmer who lives near Pavillion in central Wyoming, near a tank used in natural gas extraction, in background. Fenton and some of his neighbors blame hydraulic fracturing, or Wyoming's governor persuaded the head of the U.S. Environmental Protection Agency to postpone an announcement linking hydraulic fracturing to groundwater contamination, giving state officials — whom the EPA had privately briefed on the study — time to attempt to debunk the finding before it rocked the oil and gas industry more than a month later, an investigation by The Associated Press has found.


Rio de Janeiro stripping away 'visual pollution'

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A giant billboard advertising clothing is displayed on an office building in Rio de Janeiro, Brazil, Wednesday, May 2, 2012. Billboards on beachfront buildings, advertising along roadways and soccer fields, will now be torn down under the Officials in Rio de Janeiro are trying to make one of the globe's most beautiful cities even more stunning.


CDC links eye infections to troubled Fla. pharmacy

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Federal health officials confirmed 33 cases of a rare fungal eye infection across seven states on Thursday, stemming from products mixed in a Florida pharmacy that also mixed supplements that killed 21 elite polo horses in 2009.

Minnesota Vikings stadium vote set for Monday

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The Minnesota Vikings stadium plan is finally getting a floor vote in the state Legislature on Monday.

April retail sales worst since 2009

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FILE - In this Nov. 3, 2011, file photo, a person enters a Macy's department store in North Attleboro, Mass. Macy's Inc. said Thursday, May 3, 2012, that revenue at stores open at least a year increased 1.2 percent in April, but fell short of Wall Street's expectations. (AP Photo/Steven Senne, File)Americans' spending — much like the economy — continues to yo-yo.


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