Friday, June 29, 2012

World markets surge after Europe finds rescue plan

World markets surge after Europe finds rescue plan


World markets surge after Europe finds rescue plan

Posted: 29 Jun 2012 01:33 PM PDT

FILE - In this June 25, 2012 file photo, specialist Douglas Johnson, left, and trader Michael Urkonis work on the floor of the New York Stock Exchange. U.S. stocks are up at midday, Friday, June 29, 2012, after European leaders agreed to a set of prescriptions aimed at easing their debt crisis. (AP Photo/Richard Drew, File)Financial markets around the world stormed higher Friday after European leaders came up with a breakthrough plan to rescue banks, relieve debt-burdened governments and restore investor confidence.


Hillshire Brands gains in debut after spinoff

Posted: 29 Jun 2012 01:33 PM PDT

Hillshire Brands Inc. gained on its debut on the New York Stock Exchange Friday after emerging from Sara Lee Corp.

Obama viewing fire damage in swing state Colorado

Posted: 29 Jun 2012 01:31 PM PDT

President Barack Obama talks with media as he tours the Mountain Shadow neighborhood devastated by raging wildfires, Friday, June 29, 2012, in Colorado Springs, Colo. (AP Photo/Carolyn Kaster)President Barack Obama absorbed the devastation of Colorado's wildfires Friday, visiting a neighborhood struck by the flames and taking in the acrid smells of charred homes while plumes of smoke rose from the surrounding mountains.


Roger Federer rallies past Benneteau at Wimbledon

Posted: 29 Jun 2012 01:30 PM PDT

Julien Benneteau of France returns a shot to Roger Federer of Switzerland during a third round men's singles match at the All England Lawn Tennis Championships at Wimbledon, England, Friday, June 29, 2012. (AP Photo/Alastair Grant)Roger Federer overcame a two-set deficit Friday at Wimbledon to avoid his earliest Grand Slam exit since 2004.


GOP plots 2013 strategy on health care repeal

Posted: 29 Jun 2012 01:29 PM PDT

FILE - In this June 14, 2012 file photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in Cincinnati, Ohio. Turned away at the Supreme Court, congressional Republicans sketch a filibuster-proof strategy to repeal the nation's health care law in 2013. But it hinges on two uncertainties _ Mitt Romney capturing the White House and the party seizing even narrow control of the Senate. (AP Photo/Evan Vucci, File)Turned away at the Supreme Court, congressional Republicans sketched a strategy Friday to repeal the nation's health care law in 2013 that requires a sweeping election victory carrying Mitt Romney to the presidency and the party at least to narrow control of the Senate.


Strauss-Kahn, wife suing mag for separation report

Posted: 29 Jun 2012 01:27 PM PDT

File - Dominique Strauss-Kahn, former head of the International Monetary Fund, leaves his home in New York with his wife Anne Sinclair on his way to court in this Tuesday, Aug. 23, 2011 file photo. Lawyers for former IMF chief Dominique Strauss-Kahn say they're filing a lawsuit against the French magazine Closer for claiming that Strauss-Kahn and his wife have separated. Anne Sinclair, Strauss-Kahn's wife of two decades and once a diva of French journalism, was stoic last year as he faced allegations by a New York hotel maid of sexual assault. The charges were dropped but he faces a civil lawsuit in that case and is being investigated in France for suspected links to an alleged prostitution ring. (AP Photo/David Karp, file)Lawyers for former IMF chief Dominique Strauss-Kahn say they're filing a lawsuit against the French magazine Closer for claiming that Strauss-Kahn and his wife have separated.


US, Russia discuss Syria ahead of Geneva talks

Posted: 29 Jun 2012 01:26 PM PDT

U.S. Secretary of State Hillary Rodham Clinton and U.S. Navy Vice Adm. Harry B. Harris Jr. pay their respects during a flower-laying at the Monument to the Heroic Defenders of Leningrad, Thursday, June 28, 2012, in St. Petersburg, Russia. (AP Photo/Haraz N. Ghanbari, Pool)The top U.S. and Russian diplomats failed Friday to bridge their differences over Syria on the eve of a landmark multinational conference that had been designed to sign off on a plan to ease Syrian President Bashar Assad out of power.


Justice won't prosecute Holder for contempt

Posted: 29 Jun 2012 01:25 PM PDT

FILE - In this June 12, 2012 file photo, Attorney General Eric Holder testifies on Capitol Hill in Washington. In email exchanges with subordinates in February and March 2011, Attorney General Eric Holder and the department's second-highest official expressed growing concern that something might have gone wrong in a federal gun-smuggling probe called Operation Fast and Furious. (AP Photo/J. Scott Applewhite)The Justice Department declared Friday that Attorney General Eric Holder's decision to withhold information about a bungled gun-tracking operation from Congress does not constitute a crime and he won't be prosecuted for contempt of Congress.


Oil soars as Europe moves to bolster banks

Posted: 29 Jun 2012 01:24 PM PDT

A surprisingly aggressive debt deal in Europe sent oil prices soaring Friday to the biggest one-day gain since 2009.

US: Some Taliban at Gitmo could go to Afghanistan

Posted: 29 Jun 2012 01:22 PM PDT

The Obama administration is considering a new gambit to restart peace talks with the Taliban in Afghanistan that would send several Taliban detainees from the military prison at Guantanamo Bay, Cuba, to a prison in Afghanistan, U.S. and Afghan officials told The Associated Press.

USADA moves Armstrong case to arbitration panel

Posted: 29 Jun 2012 01:21 PM PDT

FILE - In this July 25, 2010, file photo, Lance Armstrong looks back on the podium after the 20th and last stage of the Tour de France cycling race in Paris, France. The U.S. Anti-Doping Agency says its review board has made a unanimous recommendation to file formal doping charges against Armstrong. That will move the case to an arbitration hearing if Armstrong chooses to challenge, as he has indicated he would. (AP Photo/Bas Czerwinski, File)The U.S. Anti-Doping Agency says its review board has made a unanimous recommendation to file formal doping charges against Lance Armstrong.


5 Stages to Watch in the 2012 Tour de France

Posted: 29 Jun 2012 01:21 PM PDT

The 99th Tour de France starts Saturday in Liege, Belgium.

Chimps attack American at South Africa sanctuary

Posted: 29 Jun 2012 01:20 PM PDT

In this photo taken Feb. 1, 2011, chimpanzees sit in an enclosure at the Chimp Eden rehabilitation center, near Nelspruit, South Africa. A paramedic official says chimpanzees at a sanctuary for the animals in eastern South Africa bit and dragged a man at the reserve, badly injuring him. In a statement, Jeffrey Wicks of the Netcare911 medical emergency services company said the man he described as a ranger was leading a tour group at the Jane Goodall Institute Chimpanzee Eden Thursday June 28, 2012 when two chimpanzees grabbed his feet and pulled him under a fence into their enclosure. The international institute founded by primatologist Jane Goodall opened the sanctuary in 2005. It is a home to chimpanzees rescued from further north in Africa, where they are hunted for their meat of held captive as pets. (AP Photo/Erin Conway-Smith)Chimpanzees at a sanctuary founded by famed primatologist Jane Goodall pulled a Texas graduate student into their fenced-off enclosure, dragging him nearly a half-mile and biting his ear and hands.


Sheen's 'Anger' premiere gets warm ratings welcome

Posted: 29 Jun 2012 01:18 PM PDT

Charlie Sheen can claim a winning reception back on weekly TV.

Judge weighing whether to give Zimmerman bond

Posted: 29 Jun 2012 01:15 PM PDT

FILE - This file booking photo provided by the Seminole County Sheriff's Office shows George Zimmerman. Zimmerman is charged with second-degree murder in the shooting of Trayvon Martin. Zimmerman has a second bond hearing Friday, June 29, 2012. He was released on $150,000 bond in April, but the judge revoked the bond after prosecutors presented evidence that Zimmerman and his wife had misled the court about how much money they had. (AP Photo/Seminole County Sheriff's Office, File)George Zimmerman's lawyer sparred with prosecutors over the former neighborhood watch volunteer's finances Friday in a lengthy hearing that concluded with a judge saying he would need more time to decide whether to grant him bail again.


5 more states granted NCLB waivers

Posted: 29 Jun 2012 01:15 PM PDT

Five more states have been granted relief from key requirements of the Bush-era No Child Left Behind law, bringing the total to 24 states given waivers, the Education Department said Friday.

American Stephens loses in 3rd round at Wimbledon

Posted: 29 Jun 2012 01:14 PM PDT

Sloane Stephens of the United States returns a shot to Sabine Lisicki of Germany during a third round women's singles match at the All England Lawn Tennis Championships at Wimbledon, England, Friday, June 29, 2012. (AP Photo/Kirsty Wigglesworth)American teenager Sloane Stephens failed in her bid to reach the fourth round at a second straight Grand Slam tournament, losing in three sets to Sabine Lisicki of Germany at Wimbledon on Friday.


Assad forces bombard northern towns, avoid Turkish border

Posted: 29 Jun 2012 01:14 PM PDT

A security person inspects a wrecked car at the site of an explosion outside Syria's highest court in central DamascusANTAKYA, Turkey (Reuters) - Helicopter gunships bombarded a strategic town in northern Syria overnight and tanks moved close to the commercial hub of Aleppo, rebels said, but kept well clear of new Turkish air defenses installed to curb Syrian action near its frontiers. Turkish commanders inspected the missile batteries deployed on the border region on Thursday following Syria's shooting down of a Turkish warplane a week ago, which has sharply raised tensions between the two nations. ...


Tom Cruise and Katie Holmes divorcing

Posted: 29 Jun 2012 01:13 PM PDT

FILE - In this Monday, March 28, 2011 file photo, cast member Katie Holmes, right, and Tom Cruise arrive at the premiere of "The Kennedys" at The Academy of Motion Pictures Arts and Sciences in Beverly Hills, Calif. Cruise and Homes are calling it quits after five years of marriage. Holmes' attorney Jonathan Wolfe said Friday June 29, 2012 that the couple is divorcing, but called it a private matter for the family. (AP Photo/Matt Sayles)Tom Cruise and Katie Holmes are divorcing, bringing an end to one of Hollywood's most unexpected marriages, one that spawned euphoric couch-jumping on "The Oprah Winfrey Show" and endless speculation in the tabloids.


Madoff brother pleads guilty, accepts 10-year term

Posted: 29 Jun 2012 01:12 PM PDT

Peter Madoff, brother of shamed US financier Bernard MadoffPeter Madoff, brother of shamed US financier Bernard Madoff, pleaded guilty Friday to helping cook the books of the world's biggest ever Ponzi scheme and accepted a 10-year prison term.


A show or a statement? 60 hours of Paris fashion

Posted: 29 Jun 2012 01:10 PM PDT

Was it a fashion show or performance art?

Romney ad uses Hillary Clinton criticism of Obama

Posted: 29 Jun 2012 01:09 PM PDT

Mitt Romney's campaign has launched a new attack ad against President Barack Obama that uses Hillary Rodham Clinton's words against the president.

Russia, U.S. still differ over Syria, U.S. official says

Posted: 29 Jun 2012 01:07 PM PDT

ST PETERSBURG, Russia (Reuters) - Russia and the United States still have differences over the how to resolve the conflict in Syria following talks on Friday, a senior U.S. State Department official said. "There are still areas of difficulty and difference," the official said after U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov met in St Petersburg on the eve of international crisis talks on Syria in Geneva. The official confirmed Clinton and Lavrov still intended to attend Saturday's meeting with the other countries that are permanent members of the U.N. ...

Congress passes student loans, highway jobs bill

Posted: 29 Jun 2012 01:07 PM PDT

House Speaker John Boehner of Ohio, joined by other House GOP leaders, meets with reporters on Capitol Hill in Washington, Wednesday, June 27, 2012, following a political strategy session. Boehner defended the contempt of Congress vote against Attorney General Eric Holder, commented on the looming Supreme Court decision on the health care, and updated progress on student loans and the transportation bill. (AP Photo/J. Scott Applewhite)Finding rare political accommodation on the cusp of a holiday recess, Congress passed legislation Friday designed to salvage 2.8 million jobs and shield students from a sharp increase in loan interest rates.


Obama views fire damage in swing state Colorado

Posted: 29 Jun 2012 01:06 PM PDT

President Barack Obama talks with firefighters as he tours the Mountain Shadow neighborhood devastated by wildfires, Friday, June 29, 2012, in Colorado Springs, Colo. (AP Photo/Carolyn Kaster)President Barack Obama says that when disasters such as the wildfires consuming parts of Colorado strike, "America comes together."


Q&A: What does the health care law mean for you?

Posted: 29 Jun 2012 01:06 PM PDT

Chart shows voting record on the health care actFree vaccines for kids, cheaper drugs for the elderly and many other benefits of President Barack Obama's health care law are already out there. More are coming, like a guaranteed right to buy health insurance even for patients with serious medical troubles. Many businesses and wealthy taxpayers, however, will see their costs go up.


Peter Madoff pleads guilty in NYC, blames brother

Posted: 29 Jun 2012 01:05 PM PDT

Peter Madoff leaves Federal Court on Friday, June 29, 2012 in New York after pleading guilty to criminal charges. Peter Madoff, the younger brother and business partner of disgraced financier Bernard Madoff pleaded guilty Friday to charges he doctored documents, but insisted he knew nothing about his brother's historic Ponzi scheme. Madoff, 66, entered the plea in a deal that permits him to remain free on $5 million bail pending his Oct. 4 sentencing. (AP Photo/John Minchillo)The younger brother and business partner of disgraced financier Bernard Madoff pleaded guilty Friday to charges he doctored documents for years, but he insisted he knew nothing about his brother's historic Ponzi scheme and was "in total shock" when he found out about it.


Some GOP states want to abandon Medicaid expansion

Posted: 29 Jun 2012 01:04 PM PDT

Pedestrians in downtown Chicago watch President Barack Obama speak on a giant monitor Thursday, June 28, 2012, after the Supreme Court's decision upholdijng the vast majority of his health care overhaul. The Supreme Court on Thursday upheld virtually all of President Barack Obama's historic health care overhaul, including the hotly debated core requirement that nearly every American have health insurance. The 5-4 decision meant the huge overhaul, still taking effect, could proceed and pick up momentum over the next several years, affecting the way that countless Americans receive and pay for their personal medical care. (AP Photo/Sitthixay Ditthavong)Republicans in at least three states want to abandon an expansion of Medicaid in President Barack Obama's health care overhaul, and more than a dozen other states are considering it in the wake of the Supreme Court decision removing the threat of federal penalties.


NBC picks Guthrie to replace Ann Curry on 'Today'

Posted: 29 Jun 2012 01:02 PM PDT

CORRECTS TO CURRY WILL ANNOUNCE HER DEPARTURE, NOT HAS ANNOUNCED HER DEPARTURE -FILE - In a Wednesday, Aug. 10, 2011 file photo provided by NBC, "Today" show co-host Savannah Guthrie appears on the set during a broadcast, in New York. Guthrie is expected to replace Ann Curry as With little fanfare, NBC appointed Savannah Guthrie on Friday as Matt Lauer's co-host for the "Today" show, one day after ousted Ann Curry's tearful exit.


TNT's 'Dallas' revival wins a second-season pickup

Posted: 29 Jun 2012 01:02 PM PDT

The Ewings are forever battling each other, and viewers clearly love them.

Greek militant group claims Microsoft attack

Posted: 29 Jun 2012 01:01 PM PDT

ATHENS (Reuters) - A little-known leftist militant group claimed responsibility on Friday for an attack on Microsoft's Greek headquarters earlier this week. Hooded attackers rammed a van packed with gas canisters into the Microsoft building in Athens on Wednesday and then set the vehicle on fire, causing damage but no injuries. At least two people wielding pistols and a machinegun kept security guards away as they carried out the attack, police said. In a statement published on the Internet, the International Revolutionary Front said it singled out Microsoft to strike a blow at capitalism. ...

Morgan sets up England win over Australia

Posted: 29 Jun 2012 12:58 PM PDT

England's Eoin MorganEoin Morgan's rapid 89 not out laid the platform for England's 15-run win over arch-rivals Australia in the first one-day international at Lord's here on Friday.


Dish vows to replace AMC channels in fee dispute

Posted: 29 Jun 2012 12:56 PM PDT

Satellite broadcaster Dish Network Corp. on Friday said it would replace AMC Networks Inc.'s channels with HDNet channels at midnight on Saturday, ratcheting up a fee dispute.

Toyota to recall Lexus SUVs to fix floor mat

Posted: 29 Jun 2012 12:54 PM PDT

FILE - This file photo provided by Lexus shows the 2010 RX 350. Toyota is adding two Lexus SUVs to its huge recalls for unintended acceleration, The Associated Press reports Friday, June 29, 2012. The National Highway Traffic Safety Administration says it has asked Toyota to recall about 154,000 Lexus RX 450 H and RX 350 SUVs from the 2010 model year. The agency says gas pedals can become trapped by floor mats, causing the SUVs to accelerate unexpectedly. (AP Photo/Lexus, David Dewhurst, File)Toyota's problems with runaway acceleration just won't go away.


Investors seek US debt on EU summit pessimism: EPFR

Posted: 29 Jun 2012 12:51 PM PDT

NEW YORK (Reuters) - In advance of the latest round of European talks to help stabilize the euro zone financial situation, investors once again played it safe, data from EPFR Global showed on Friday. The fund-tracking firm reported that U.S. bond funds took in $3.26 billion in the week ended June 27. More significantly, U.S. stock funds saw redemptions of $7.64 billion, with about 80 percent of that being pulled from three exchange-traded funds. Bond funds globally saw inflows of $4.74 billion over the week, while equity funds saw outflows of $7.69 billion. ...

EU deal for Spain, Italy buoys markets but details sketchy

Posted: 29 Jun 2012 12:51 PM PDT

European Council President Van Rompuy addresses a news conference after a European Union leaders summit in BrusselsBRUSSELS (Reuters) - Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to let their rescue fund inject aid directly into stricken banks from next year and intervene on bond markets to support troubled member states. They also pledged to create a single banking supervisor for euro zone banks based around the European Central Bank in a landmark first step towards a European banking union that could help shore up struggling member Spain. ...


White House wants Hill Democrats to fight on taxes

Posted: 29 Jun 2012 12:50 PM PDT

President Barack Obama speaks in the East Room of the White House in Washington, Thursday, June 28, 2012, after the Supreme Court ruled on his health care legislation. (AP Photo/Luke Sharrett pool)The White House is urging congressional Democrats to engage Republicans in a fight over taxes, pressing them to go on the offensive after the Supreme Court's health care decision gave prominence to the issue.


Bomb explodes in Mexican city days before election

Posted: 29 Jun 2012 12:49 PM PDT

MEXICO CITY (Reuters) - An explosive device blew up inside a truck parked outside the town hall of Mexico's northern city of Nuevo Laredo on Friday, injuring seven people but causing no casualties, officials said. The blast comes two days before Mexico votes for a new president to replace Felipe Calderon, who has waged a 5-1/2-year battle against drug traffickers. Police did not immediately confirm whether the attack was drug-related but Mexican cartels have been increasingly using improvised explosive devices in cars. ...

Woods climbs into the hunt at Congressional

Posted: 29 Jun 2012 12:49 PM PDT

Tiger Woods watches his drive from the fourth tee during the second round of the AT&T National golf tournament at Congressional Country Club in Bethesda, Md., Friday, June 29, 2012. (AP Photo/Nick Wass)Tiger Woods had the round he needed on a steamy day at Congressional. Robert Garrigus had the round he has come to expect.


Firefighters search for bodies in Colorado blaze

Posted: 29 Jun 2012 12:48 PM PDT

Several firefighters from Colorado Springs Fire Dept. get massages after coming off the fire line on the the Waldo Canyon wildfire west of Colorado Springs, Colo., Friday, June 29, 2012. One person has been found dead, another is missing and nearly 350 homes have been destroyed by a raging U.S. wildfire that has forced tens of thousands to flee this week. President Barack Obama on Friday will tour the scene of the most destructive fire in Colorado history. (AP Photo/Chris Carlson)Firefighters went from one smoldering pile to another Friday in search of bodies in the nearly 350 homes burned to the ground by the most destructive wildfire in Colorado history.


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