Monday, September 3, 2012

Valeant agrees to pay about $2.6B for Medicis

Valeant agrees to pay about $2.6B for Medicis


Valeant agrees to pay about $2.6B for Medicis

Posted: 03 Sep 2012 12:41 PM PDT

Valeant Pharmaceuticals International Inc. has agreed to buy dermatology products maker Medicis Pharmaceutical Corp. for about $2.6 billion in cash in a deal to strengthen its position in skin treatments and care.

Obama says Romney would bring a 'losing season'

Posted: 03 Sep 2012 12:35 PM PDT

President Barack Obama shakes hands with supporters after speaking at a campaign event at Scott High School Monday, Sept. 3, 2012, in Toledo, Ohio. (AP Photo/Tony Dejak)President Barack Obama warned union workers in football-crazy Ohio on Monday that Republican Mitt Romney would guide the nation to a "losing season," imploring voters in the battleground state to take his opponent's plan and "punt it away."


Plan for Catholic church makes waves in Bahrain

Posted: 03 Sep 2012 12:33 PM PDT

In this Thursday, Aug. 30, 2012 photo, a man works on a construction project at Sacred Heart Church in Manama, Bahrain. When Bahrain announced plans to build the largest Roman Catholic Church in the Gulf, it was accompanied by a noticeable dose of pride to showcase its traditions of religious tolerance. Instead, the planned church has turned into another point of tension in a country already being pulled apart by internal sectarian battles. (AP Photo/Hasan Jamali)The building of the largest Roman Catholic church in the Gulf was supposed to be a chance for the tiny island kingdom of Bahrain to showcase its traditions of religious tolerance in a conservative Muslim region where churches largely operate under heavy limitations.


Spain sees $125 billion as enough for banks

Posted: 03 Sep 2012 12:29 PM PDT

File - In this June 26, 2012 file photo, Spain's Economy Minister Luis De Guindos speaks during a meeting in Madrid. Spain's government Friday Aug. 30, 2012 approved a major new financial sector reform that creates a "bad bank" to contain toxic property investments and gives the central bank more powers to shut down troubled lenders. The royal decree reform is the fifth such package Spain has introduced since the economic crisis began in 2008. De Guindos said the new entity would be controlled by the central bank but would be semi-private. He said it would be operational before the end of November. (AP Photo/Daniel Ochoa de Olza, File)Spain's ailing banks won't likely need to tap all the €100 billion ($125.7 billion) that's been made available by the country's euro partners, Economy Minister Luis de Guindos said Monday.


Travelers staggered by Cuba's new customs taxes

Posted: 03 Sep 2012 12:11 PM PDT

Juan, a Cuban-American man who did not want to give his last name, front, arrives with packages after getting off a flight from the U.S. as his brother, who lives in Cuba, behind, helps him with other packages at the Jose Marti International Airport in Havana, Cuba, Monday, Sept. 3, 2012. A steep hike in customs duties has taken effect in Cuba, catching some air travelers unaware and leaving others irate at the new fees. (AP Photo/Franklin Reyes)A steep hike in customs duties took effect in Cuba on Monday, catching many air travelers unaware and leaving some shocked at the new fees.


Firefighters making headway against Neb. blazes

Posted: 03 Sep 2012 12:10 PM PDT

Nebraska Gov. Heineman, left, talks with Scott Josiah, state forester and director of Nebraska Forest Service, as they inspect fire damage at Chadron State Park, Sunday, Sept. 2, 2012, near Chadron, Neb. Officials estimated Sunday that the fires have now burned roughly 273 square miles, including at least 27,000 acres in South Dakota. That's up from roughly 93 square miles on Saturday and more than twice the size of Omaha. (AP Photo/Omaha World-Herald, Jeff Beiermann, Pool)Firefighters were making good headway Monday against blazes that have blackened nearly 260 acres of rugged land in northwest Nebraska and neighboring South Dakota, officials said.


Mexico pres seeks to cement legacy in last address

Posted: 03 Sep 2012 12:08 PM PDT

Mexico's President Felipe Calderon delivers his state-of-the-nation address to Congress in Mexico City, Monday, Sept. 3, 2012. Calderon delivered his final state-of-the-nation speech on Monday, trying to cement his legacy as the president who stabilized the economy and took on the country's entrenched organized crime groups, putting Mexico on the road to rule of law. (AP Photo/Alexandre Meneghini)As he nears the end of his six-year term, Mexican President Felipe Calderon leaves his country with a better-armored economy — and also more armored cars.


Ruthless Serena storms to 10th US Open quarter-final

Posted: 03 Sep 2012 11:59 AM PDT

Three-time champion Serena Williams stormed to a double bagel 6-0, 6-0 rout of Czech Andrea Hlavackova to reach her 10th US Open quarter-final on Monday in a ruthless display of her title credentials.

Serena Williams wins 6-0, 6-0 in US Open 4th round

Posted: 03 Sep 2012 11:58 AM PDT

Serena Williams didn't drop a game in advancing to the quarterfinals of the U.S. Open.

US voters asked 'are you better off than 4 years ago?'

Posted: 03 Sep 2012 11:57 AM PDT

A simple question that distils much of the debate swirling in America's Great Recession election appears to have Democrats tied in knots.

Serena Williams beats Hlavackova 6-0, 6-0 at Open

Posted: 03 Sep 2012 11:41 AM PDT

Three-time U.S. Open champion Serena Williams won by a 6-0, 6-0 score for the first time in 62 career victories at Flushing Meadows.

Mardy Fish pulls out against Federer at US Open

Posted: 03 Sep 2012 11:39 AM PDT

Mardy Fish celebrates his victory over Gilles Simon of France in the third round of play at the 2012 US Open tennis tournament, Saturday, Sept. 1, 2012, in New York. (AP Photo/Henny Ray Abrams)Mardy Fish has pulled out of his fourth-round match against Roger Federer at the U.S. Open for precautionary health reasons.


Federer walks into last eight against Berdych

Posted: 03 Sep 2012 11:38 AM PDT

World No. 1 Roger Federer advanced into his 34th consecutive Grand Slam quarter-final without touching a racquet on Monday when American Mardy Fish withdrew from their US Open match for health concerns.

Obama tells Americans to 'punt' Romney's economic plan

Posted: 03 Sep 2012 11:37 AM PDT

President Barack Obama told Americans on Monday to punt away Mitt Romney's economic game plan, in a new swipe at his Republican rival on the road to this week's Democratic National Convention.

Authorities end search for second Wash. shooter

Posted: 03 Sep 2012 11:36 AM PDT

Authorities in Washington state have called off their search for a second sniper after looking through a neighborhood and nearby woods where a man suspected of opening fire on a SWAT team and police officers was found dead.

Democratic convention speeches to remember

Posted: 03 Sep 2012 11:33 AM PDT

FILE - In this July 12, 1976, file photo, Rep. Barbara Jordan of Texas waves as she speaks to the Democratic National Convention in New York City. Clint Eastwood gave the Republicans some offbeat remarks to remember in 2012. Will the Democrats come up with any memorable lines? Some past Democratic convention speeches that live on include Jordan becoming the first black and first woman to deliver the party's keynote address: "My presence here is one additional bit of evidence that the American Dream need not be forever deferred," she said. (AP Photo/File)Clint Eastwood gave the Republicans some offbeat remarks to remember this year. Will the Democrats come up with any memorable lines? Here are some past Democratic convention speeches that live on:


Biden to organized labor: We're with you

Posted: 03 Sep 2012 11:32 AM PDT

Vice President Joe Biden smiles after speaking at the Metro Detroit AFL-CIO Labor Day Rally, Monday, Sept. 3, 2012, in Detroit. (AP Photo/Carolyn Kaster)Vice President Joe Biden had a simple Labor Day message for unionized workers: Stick with President Barack Obama because the other guys are worse.


AP PHOTOS: More scenes from the Paralympics

Posted: 03 Sep 2012 11:32 AM PDT

Great Britain's Susannah Rodgers adjusts her cap ahead of her Women's 100m Freestyle S7 Final at the 2012 Paralympics Olympics, Monday, Sept. 3, 2012, in London. (AP Photo/Emilio Morenatti)Britain's Susannah Rodgers, her prosthetic leg resting on the starting block, adjusts her cap before the final of a women's 100m freestyle competition. Eric Bennett of the U.S., who is missing an arm, fires arrows in the archery competition using his mouth. Brazil's Terezinha Guilhermina, who is blind, runs the women's 400 meters with a guide to keep her on course.


Marchers lament NC union stance but support Obama

Posted: 03 Sep 2012 11:31 AM PDT

Demonstrators march in a Labor Day parade, Monday, Sept. 3, 2012, in Charlotte, N.C. Demonstrators are protesting before the start of the Democratic National Convention. (AP Photo/Patrick Semansky)Union activists walked a political tightrope on Monday — voicing support for President Barack Obama's re-election bid while lamenting adversarial attitudes toward organized labor in the state Democrats chose for the presidential nominating convention.


Cambodia arrests Pirate Bay co-founder

Posted: 03 Sep 2012 11:29 AM PDT

A co-founder of popular file sharing website The Pirate Bay was arrested in Cambodia at the request of Sweden, where he faces a one-year prison term for violating copyright laws, authorities said Monday.

Horror possesses box office in quiet end to summer

Posted: 03 Sep 2012 11:26 AM PDT

In this undated publicity photo released by Lionsgate, Natasha Calis stars as Em in the film, "The Possession." (AP Photo/Lionsgate, Diyah Pera)A late-summer horror tale took possession of the weekend box office as Hollywood quietly wound down a busy season that turned out to be not so busy.


Hafeez gives Pakistan fighting chance of series win

Posted: 03 Sep 2012 11:20 AM PDT

Pakistani cricketer Mohammad Hafeez (R) plays a shot in front of Australian wicketkeeper Matthew WadeOpener Mohammad Hafeez hit a brilliant half-century to propel Pakistan to 244-7 in the third and final one-day against Australia at Sharjah Stadium here on Monday.


Holmgren hopes to finish contract with Browns

Posted: 03 Sep 2012 11:19 AM PDT

Browns President Mike Holmgren hopes to finish his contract with a Cleveland franchise in the midst of an ownership change.

Red Cross chief to urge Syria's Assad to help aid effort

Posted: 03 Sep 2012 11:18 AM PDT

GENEVA (Reuters) - The new head of the Red Cross will urge Syrian President Bashar al-Assad to improve humanitarian access to civilians in the war-torn country, the aid agency said on Monday as he arrived in Syria for a three-day visit. Peter Maurer said he would also continue efforts to gain access for his agency to Syria's detention centers - which rights groups say hold tens of thousands of people rounded up during the 17-month-old conflict, including teenagers. ...

Pre-convention tussle: Are Americans better off?

Posted: 03 Sep 2012 12:43 PM PDT

President Barack Obama speaks during a campaign rally at Scott High School Monday, Sept. 3, 2012, in Toledo, Ohio. (AP Photo/Tony Dejak)In a Labor Day warm-up to the Democratic National Convention, President Barack Obama and Republican Mitt Romney and their top allies engaged in a cross-country tussle over whether Americans are better off than they were four years ago.


Ryan says Jimmy Carter era was better than Obama's

Posted: 03 Sep 2012 11:15 AM PDT

Republican vice presidential candidate, Rep. Paul Ryan, R-Wis. claps as presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign event, Saturday, Sept. 1, 2012, in Jacksonville, Fla. (AP Photo/Mary Altaffer)Republican vice presidential candidate Paul Ryan is calling former President Jimmy Carter's leadership "the good old days" compared to the last four years under President Barack Obama.


Nigeria uncovers cocaine-stuffed roasted chicken

Posted: 03 Sep 2012 11:13 AM PDT

The roasted chickens had an unusual stuffing — $150,000 worth of cocaine, according to Nigerian police.

Teen opens mobile shower for grimy ND oil workers

Posted: 03 Sep 2012 11:12 AM PDT

In this Thursday, Aug. 23, 2012 photo, Evan Jensen waits for customers at his mobile shower business, Better Showers, near Alexander, N.D. Jensen raised money for the facility, which caters largely to workers in North Dakota's oil patch, by trapping muskrats and hopes profits from the business will pay for his college tuition. (AP Photo/James MacPherson)It took little more than a day for 18-year-old Evan Jensen to smell opportunity in North Dakota's booming oil patch.


Bride stealing custom all the rage in Bucharest

Posted: 03 Sep 2012 11:11 AM PDT

In this Sunday, Aug. 26, 2012 photo shot under iodine street lighting, a Romanian bride holds toy weapons in the air at the Triumph Arch in Bucharest, Romania. The arch, a replica of the Arc de Triomphe in Paris, the French capital, is a rendezvous place for brides on the wedding night for the bride stealing ritual. The ancient Romanian tradition of bride stealing is getting bigger, brasher and an increasingly common sight in the Romanian capital, the region's undisputed party town. (AP Photo/Vadim Ghirda)A white limousine screeches to a halt and a bride, resplendent in frothy gown and veil, is hauled outside by her abductors.


Days after Isaac, thousands still in the dark

Posted: 03 Sep 2012 11:05 AM PDT

Ron Steward wipes his brow next to the house of his mother, Clara Williams, in Ironton, La., which was flooded from Hurricane Isaac, near Louisiana Hwy 23 in Plaquemines Parish, Monday, Sept. 3, 2012. The house was built seven years ago after her previous home was destroyed by Hurricane Katrina. (AP Photo/Matthew Hinton)Tens of thousands of customers remained in the dark Monday in Louisiana and Mississippi, days after Isaac inundated the Gulf Coast with a deluge that still has some low-lying areas under water.


In Chicago, lifeline schools brace for strike

Posted: 03 Sep 2012 11:04 AM PDT

Elfega Cazares isn't taking sides in the standoff between the Chicago Teachers Union and Chicago Public Schools over contract talks. Like many of the immigrant parents in the city's Pilsen neighborhood, she knows her children stand to lose the most if teachers walk off the job next Monday.

Children worst hit by air strike in Syria's Aleppo

Posted: 03 Sep 2012 11:01 AM PDT

Syrians bury a child killed in an air strike by the Syrian army during a funeral in the northern province of AleppoThe bodies of seven children lie under fly-ridden blankets in the back of a yellow pick-up outside an Aleppo hospital, the latest victims of government air strikes on Syria's second city.


Princess Anne unveils giant UK coal mine sculpture

Posted: 03 Sep 2012 10:58 AM PDT

dThis is an undated image release by the Banks Group of a rock and earth sculpture in Northumberland northern England. Britain's Princess Anne unveiled Monday Sept. 3, 2012 a giant goddess sculpted from rock, earth and waste reclining in the remains of a coal mine in northern England. The private ceremony will formally declare that the 1,300 foot (400 meter) long figure, named Northumberlandia, has been completed. The female figure, also known as Princess Anne unveiled Monday a giant goddess sculpted from rock, earth and waste reclining in the remains of a coal mine in northern England.


Germany's Schaeuble confident of go-ahead for eurozone pacts

Posted: 03 Sep 2012 10:56 AM PDT

Schaeuble said he was sure the court will not block the European Stability Mechanism and the European fiscal pactGermany's Finance Minister Wolfgang Schaeuble said Monday he was confident the country's top court will not block the signing into law of the eurozone's key crisis-fighting tools.


South Africa police fire teargas as mine unrest spreads

Posted: 03 Sep 2012 10:44 AM PDT

Striking platinum mineworkers gather for a report back on negotiations at Lonmin's Marikana mine in South Africa's North West ProvinceJOHANNESBURG (Reuters) - South African police fired teargas and rubber bullets to disperse striking miners at a gold mine near Johannesburg on Monday, the latest outbreak in a wave of labour militancy spreading from platinum mining into other parts of the sector. The unrest occurred less than three weeks after police shot dead 34 striking miners at Lonmin's Marikana mine, the deadliest security incident since the end of white-minority rule in 1994. ...


Israeli billionaire's company faces money woes

Posted: 03 Sep 2012 10:42 AM PDT

FILE - In this Sunday, July 1, 2012 file photo, Israeli businessman Nochi Dankner, sits at the annual gathering of the rabbi's followers and supporters in the town of Netivot, southern Israel. One of Israel's wealthiest businessmen may quickly be going from riches to rags. Dankner, the blue-eyed darling of Israel's business community who is often credited with helping rescue Israel's economy at the height of the violence of the Palestinian uprising, is now struggling to keep his mammoth holding company above board. (AP Photo/Tsafrir Abayov, File)One of Israel's wealthiest businessmen may quickly be going from riches to rags, and experts warn he could drag Israel's economy down with him.


Secret Service recovers truck with Biden supplies

Posted: 03 Sep 2012 10:33 AM PDT

The Secret Service says it has recovered a stolen rental truck that was carrying equipment for Vice President Joe Biden's Labor Day visit to Detroit.

France warns of Syrian chemical weapons attack

Posted: 03 Sep 2012 10:27 AM PDT

A boy looks back while he and another boy play on a Syrian military tank, destroyed during fighting with the Rebels, in the Syrian town of Azaz, on the outskirts of Aleppo, Sunday, Sept. 2, 2012. (AP Photo/Muhammed Muheisen)Western powers are preparing a tough response if Syrian President Bashar Assad's regime deploys chemical or biological weapons in its civil war, key European officials warned Monday.


Ivanovic beats Pironkova to reach US Open quarters

Posted: 03 Sep 2012 10:26 AM PDT

Serbia's Ana Ivanovic reacts during her match against Bulgaria's Tsvetana Pironkova in the fourth round of play at the 2012 US Open tennis tournament, Monday, Sept. 3, 2012, in New York. (AP Photo/Kathy Willens)More than four years after her French Open title, Ana Ivanovic is finally back in a Grand Slam quarterfinal.


Nats talk to Strasburg about shutting him down

Posted: 03 Sep 2012 10:21 AM PDT

Washington Nationals starter Stephen Strasburg, left, talks with catcher Kurt Suzuki after pitching the sixth inning of a baseball game against the St. Louis Cardinals at Nationals Park, Sunday, Sept. 2, 2012, in Washington. Strasburg was relieved after completing the sixth inning and the Nationals won 4-3. (AP Photo/Alex Brandon)A day after announcing that Stephen Strasburg will start only twice more this season, Washington Nationals manager Davey Johnson met with the star right-hander to explain the decision.


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