Penn State scandal fallout could extend to donors

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• Penn State scandal fallout could extend to donors
• Delta shuts down Comair; workers given notice
• Geithner to meet with ECB Chief Draghi next week
• Dow blows past 13,000 on hope for action in Europe
• Reliably Democratic, Jewish vote gets Romney eye
• APNewsBreak: German fugitive arrested in Vegas
• Suspect in hepatitis C outbreak wrote suicide note
• U.S. says Geithner to meet with Schaeuble, Draghi in Germany
• Spain discusses state bailout; ECB seen writing off Greek debt
• McKesson to pay $151M to settle drug-pricing suit
• IDC: Samsung extends lead in smartphones
• CNN chief Walton to leave ratings-starved network
• 'Killer Joe' boasts starry cast, NC-17 rating
• 2 Western photographers freed from Syria captivity
• Spectators assemble for Games opening ceremony
• Star-studded audience for Olympic opening ceremony
• RUGBY!
• Defense: Shooting suspect was seeing psychiatrist
• Juanes sings in support of fight against AIDS
• Cautious consumers, foreign trade curb second quarter growth
• RETICENT BRITS
• PERFORMERS PREPARE
• 'Selena' star Lupe Ontiveros dies of cancer at 69
• Olympics 2012 opening ceremony: Live Report
• Man calling himself 'a joker' threatened shooting
• Oil rises on expectations for economic stimulus
• Administration projects $1.2T 2012 budget deficit
• Spanish unemployment hits record high 24.6 percent
• TransCanada gets OK for south part of oil pipeline
• EYES ON LONDON: Brief shower doesn't dampen mood
• Amazon CEO gives $2.5M for Wash. gay marriage law
• HBO doc tells behind-the-scenes stories of models
• Greece: State bank privatized in no-cash takeover
• ECB spokeswoman: usual for Draghi to meet ECB officials
• Obama, Clinton meet at fundraisers
• Atlanta voters weigh tax increase to ease traffic
• White House lowers growth forecasts, brightens jobs picture
• Turkey's Erdogan: cannot stay "spectator" over Aleppo
• Syria gunships hit rebels amid massacre fears
• Pakistan invites Indian prime minister to visit

Penn State scandal fallout could extend to donors Posted: 27 Jul 2012 01:24 PM PDT One major Penn State donor says he might write the university out of his will, while others say neither the Jerry Sandusky child molestation scandal nor recent unpopular actions by the university's leadership are making them rethink their financial support for the school.

Delta shuts down Comair; workers given notice Posted: 27 Jul 2012 01:24 PM PDT Delta Air Lines is shutting down its shrunken, 35-year-old regional carrier Comair at the end of September as it switches to bigger jets and it is sending termination notices to its 1,700 remaining employees.

Geithner to meet with ECB Chief Draghi next week Posted: 27 Jul 2012 01:22 PM PDT Treasury Secretary Timothy Geithner will meet with Mario Draghi, the head of the European Central Bank, in Germany next week. The meeting comes after Draghi sparked optimism about a resolution to Europe's financial crisis, saying he would do whatever it takes to save the euro.

Dow blows past 13,000 on hope for action in Europe Posted: 27 Jul 2012 01:17 PM PDT The stock market is powering higher, pushed forward for a second day by promises from European leaders to preserve the union of 17 countries that use the euro.

Reliably Democratic, Jewish vote gets Romney eye Posted: 27 Jul 2012 01:14 PM PDT On a trip to Israel, Mitt Romney is trying to win over a tiny sliver of a small — but powerful — section of the American electorate. President Barack Obama is doing the same at home.

APNewsBreak: German fugitive arrested in Vegas Posted: 27 Jul 2012 01:14 PM PDT A German fugitive who had been sought for five years in a fraud scheme that netted more than $100 million has been arrested in Las Vegas, authorities said Friday.

Suspect in hepatitis C outbreak wrote suicide note Posted: 27 Jul 2012 01:12 PM PDT A traveling medical technician accused of causing a hepatitis C outbreak in New Hampshire wrote a suicide note saying he "couldn't handle this stress anymore" the week before his arrest, according to a police report.

U.S. says Geithner to meet with Schaeuble, Draghi in Germany Posted: 27 Jul 2012 01:12 PM PDT WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner will travel to Germany to meet with his German counterpart and the head of the European Central Bank, the Treasury Department said on Friday. Geithner will meet with German Finance Minister Wolfgang Schaeuble in Sylt, Germany, on Monday. Later in the day, he will meet with ECB President Mario Draghi in Frankfurt. At the meetings, Geithner and the officials will "discuss the U.S., European and global economies," Treasury said in a statement. ...

Spain discusses state bailout; ECB seen writing off Greek debt Posted: 27 Jul 2012 01:05 PM PDT BRUSSELS (Reuters) - Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said on Friday, as markets anticipated radical new action to pull the continent out of its debt maelstrom. European Central Bank President Mario Draghi, who on Thursday pledged to do whatever was necessary to protect the euro zone from collapse, is also set to meet Germany's Bundesbank President Jens Weidmann to discuss a raft of other measures to address the region's crisis, according to a Bloomberg report. ...

McKesson to pay $151M to settle drug-pricing suit Posted: 27 Jul 2012 01:03 PM PDT McKesson Corp. will pay $151 million to 29 states and the District of Columbia to settle a lawsuit alleging the company inflated prices of hundreds of prescription drugs, causing state Medicaid programs to overpay millions of dollars in reimbursements, officials said Friday.

IDC: Samsung extends lead in smartphones Posted: 27 Jul 2012 01:02 PM PDT Samsung has extended its lead over Apple in smartphones, in part because its new Galaxy phones came out before Apple updated its iPhone, research group IDC said Friday.

CNN chief Walton to leave ratings-starved network Posted: 27 Jul 2012 01:00 PM PDT (Reuters) - CNN Worldwide President Jim Walton said on Friday he is leaving the once-dominant cable news network, which has struggled in the ratings race in recent years. Phil Kent, chief executive of Turner Broadcasting, will begin a search for a new president, the network said. Walton is departing on December 31. "CNN needs new thinking. That starts with a new leader who brings a different perspective, different experiences and a new plan," said Walton, 54, president since 2003. ...

'Killer Joe' boasts starry cast, NC-17 rating Posted: 27 Jul 2012 12:59 PM PDT Matthew McConaughey is the latest A-lister to go NC-17. He plays the title role in "Killer Joe," which carries the Motion Picture Association of America's maximum restriction because of "graphic disturbing content."

2 Western photographers freed from Syria captivity Posted: 27 Jul 2012 12:58 PM PDT Two Western photojournalists in Syria were held captive for a week by Islamic militants before being rescued by Syrian rebels, one of the men said Friday.

Spectators assemble for Games opening ceremony Posted: 27 Jul 2012 12:58 PM PDT LONDON (Reuters) - Exuberant spectators poured into the maze of sports venues, shops and restaurants in Olympic Park on Friday for a London Games opening ceremony designed to highlight the grandeur and eccentricities of the nation that invented modern sport. A billion television viewers are expected to watch a performance before an audience of 60,000 in the Olympic Stadium including U.S. First Lady Michelle Obama. In his final news conference before the Games, International Olympic Committee President Jacques Rogge paid tribute to the host nation. ...

Star-studded audience for Olympic opening ceremony Posted: 27 Jul 2012 12:58 PM PDT There will be monarchs, presidents, prime ministers, plus David Beckham and the cast of "Downton Abbey." Friday's opening ceremony for the London Olympics is an A-list affair.

RUGBY! Posted: 27 Jul 2012 12:58 PM PDT The scene moments before the ceremony begins: The sheep and other animals are leaving. The cameras are still flashing. Around the stadium people in old-fashioned clothes are playing rugby. Besides football (as we call it here) rugby is one of the most popular team sports in Britain. And we invented it.

Defense: Shooting suspect was seeing psychiatrist Posted: 27 Jul 2012 12:55 PM PDT The former graduate student accused in the deadly Colorado movie theater shooting was being treated by a psychiatrist at the university where he studied, according to court papers filed Friday.

Juanes sings in support of fight against AIDS Posted: 27 Jul 2012 12:52 PM PDT Colombian superstar Juanes agreed to headline a special concert as part of the International AIDS Conference to urge political leaders to step up the fight against the disease.

Cautious consumers, foreign trade curb second quarter growth Posted: 27 Jul 2012 12:51 PM PDT WASHINGTON (Reuters) - Economic growth slowed in the second quarter as consumers spent at their slowest pace in a year, increasing pressure on the Federal Reserve to do more to bolster the recovery. Gross domestic product expanded at a 1.5 percent annual rate between April and June, the weakest pace of growth since the third quarter of 2011, the Commerce Department said on Friday. First-quarter growth was revised up by a tenth of a percent to a 2.0 percent pace. Details of the report were weak, with foreign trade being a drag and stocks of unsold goods rising. ...

RETICENT BRITS Posted: 27 Jul 2012 12:50 PM PDT Brits are a little stubborn by nature. The part of the proceedings labelled "Audience Training" where they are told what to do is interesting because they are really throwing themselves into the practice tasks they are being given.

PERFORMERS PREPARE Posted: 27 Jul 2012 12:49 PM PDT Behind Olympic Stadium lies a staging area for some participants in the opening ceremony. They gather and hear an encouraging organizer yell through a megaphone: "Break a leg!"

'Selena' star Lupe Ontiveros dies of cancer at 69 Posted: 27 Jul 2012 12:48 PM PDT Veteran actress Lupe Ontiveros, who appeared in scores of TV shows and movies including "Desperate Housewives," ''Selena" and "As Good As It Gets," has died. She was 69.

Olympics 2012 opening ceremony: Live Report Posted: 27 Jul 2012 12:48 PM PDT 1945 GMT: Singer Frank Turner is performing on the grassy knoll in the stadium as sheep and dogs scuttle around him, and actors dressed as milkmaids mill about. This is really is just the warm-up. Show proper starts in less than 15 minutes.

Man calling himself 'a joker' threatened shooting Posted: 27 Jul 2012 12:47 PM PDT A Maryland man calling himself "a joker" is accused of threatening to shoot up the business from which he was about to be fired and was wearing a T-shirt that read "Guns don't kill people. I do," when he first talked to officers who arrested him, police said Friday.

Oil rises on expectations for economic stimulus Posted: 27 Jul 2012 12:47 PM PDT The price of oil climbed for a fourth day on expectations of more efforts by government officials and central bankers to help the global economy.

Administration projects $1.2T 2012 budget deficit Posted: 27 Jul 2012 12:46 PM PDT The White House predicts this year's federal budget deficit will end up at $1.2 trillion, marking the fourth consecutive year of trillion dollar-plus deficits during President Barack Obama's administration.

Spanish unemployment hits record high 24.6 percent Posted: 27 Jul 2012 12:46 PM PDT The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.

TransCanada gets OK for south part of oil pipeline Posted: 27 Jul 2012 12:44 PM PDT A Canadian company that wants to build an oil pipeline from Alberta's tar sands region to Texas refineries has received a final permit for the Gulf Coast portion of the project and announced Friday that construction on the 485-mile section would start in the coming weeks.

EYES ON LONDON: Brief shower doesn't dampen mood Posted: 27 Jul 2012 12:44 PM PDT Around the 2012 Olympics and its host city with journalists from The Associated Press bringing the flavor and details of the games to you:

Amazon CEO gives $2.5M for Wash. gay marriage law Posted: 27 Jul 2012 12:43 PM PDT Amazon.com founder and CEO Jeff Bezos and his wife, MacKenzie, announced Friday they are donating $2.5 million to the campaign to defend Washington's same-sex marriage law.

HBO doc tells behind-the-scenes stories of models Posted: 27 Jul 2012 12:41 PM PDT There was a time when models really were super. Cindy Crawford, Christie Brinkley, Claudia Schiffer and Nikki Taylor were household names, plastered on magazine covers, dominating advertisements.

Greece: State bank privatized in no-cash takeover Posted: 27 Jul 2012 12:39 PM PDT Greece's troubled state-run ATEBank has been privatized after the government agreed to divide its assets and hand the lender to private Piraeus Bank at no cost.

ECB spokeswoman: usual for Draghi to meet ECB officials Posted: 27 Jul 2012 12:36 PM PDT (Reuters) - A spokeswoman for the European Central Bank said on Friday it was usual practice for ECB President Mario Draghi to meet with governing council members. The spokeswoman declined further comment. U.S. stocks rallied on Friday after a Bloomberg report said that Draghi would meet with Bundesbank President Jens Weidmann to discuss several measures, including bond purchases, to help the euro zone. Financial market hopes for ECB help have been high since Draghi said on Thursday the central bank would do whatever it takes to preserve the euro. ...

Obama, Clinton meet at fundraisers Posted: 27 Jul 2012 12:35 PM PDT President Barack Obama and former President Bill Clinton met briefly in Washington Friday afternoon at a hotel near the White House where each attended separate campaign fundraisers.

Atlanta voters weigh tax increase to ease traffic Posted: 27 Jul 2012 12:34 PM PDT For decades, Atlanta has been the economic engine of the South, a dynamic city on the move. But if you've ever gotten behind the wheel here, it doesn't feel that way.

White House lowers growth forecasts, brightens jobs picture Posted: 27 Jul 2012 12:29 PM PDT WASHINGTON (Reuters) - The White House cut its outlook for U.S. growth in 2012 and 2013 on Friday, hours after data showed the economy grew at a tepid pace in the second quarter, raising concerns about a slowdown that could mar President Barack Obama's re-election chances. In its semi-annual budget review, the White House said it expected gross domestic product to rise 2.3 percent this year and 2.7 percent next year - less than the 2.7 percent and 3.0 percent growth projections it made in February. ...

Turkey's Erdogan: cannot stay "spectator" over Aleppo Posted: 27 Jul 2012 12:27 PM PDT LONDON (Reuters) - International steps must be taken to deal with President Bashar al-Assad's military build-up around the Syrian city of Aleppo and his government's threat to use chemical weapons, Turkish Prime Minster Recep Erdogan said on Friday. "There is a build-up in Aleppo and the recent statements, with respect to the use of weapons of mass destruction, are actions that we cannot remain an observer or spectator to," he said at a joint news conference in London with British Prime Minister David Cameron. ...

Syria gunships hit rebels amid massacre fears Posted: 27 Jul 2012 12:26 PM PDT Syrian gunships pounded rebels and troops clashed with insurgents in Aleppo on Friday as world powers voiced fears of an all-out assault and called for "maximum pressure" to prevent a massacre.

Pakistan invites Indian prime minister to visit Posted: 27 Jul 2012 12:25 PM PDT Pakistan's president has invited India's prime minister to visit, the latest sign of thawing relations between the historical arch enemies.

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