Monday, October 1, 2012

Iran's currency falls 16 percent in single day

Iran's currency falls 16 percent in single day

Iran's currency falls 16 percent in single day

Posted: 01 Oct 2012 12:42 PM PDT

Iran's currency has fallen 16 percent in a single day to hit a record low against the U.S. dollar and other foreign currencies in street trading.

Hours of preparation for Romney ahead of debate

Posted: 01 Oct 2012 12:42 PM PDT

FILE - In this Sept. 9, 2012 file photo, Republican presidential candidate Mitt Romney arrives at his campaign headquarters in Boston, to prepare for the presidential debates. If Republican Mitt Romney doesn't perform well at the presidential debate on Wednesday, it's not for lack of trying. On one out of every four days this September, the Republican presidential nominee held preparation sessions for the first of his three debates with Democratic President Barack Obama. (AP Photo/Charles Dharapak)If Republican Mitt Romney stumbles during Wednesday's presidential debate, it won't be for a lack of preparation.

Amex paying $112.5M in late-fee settlements

Posted: 01 Oct 2012 12:41 PM PDT

FILE-In this Tuesday, Jan. 17, 2012 file photo, two American Express cards are shown in Surfside, Fla. American Express is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged illegal late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services. (AP Photo/Wilfredo Lee, File)American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.

Brain-damaged man wins new trial in 1987 killing

Posted: 01 Oct 2012 12:41 PM PDT

FILE - This July 1994 file photo shows Richard Lapointe at the MacDougall-Walker Correctional Institution in Suffield, Conn., where he is serving a life sentence for the 1987 murder and rape of Bernice Martin, the 88-year-old grandmother of his wife. The state's second-highest court on Monday, Oct. 1, 2012, ordered a new trial for Lapointe, ruling that prosecutors suppressed evidence before his trial two decades earlier that may have supported his alibi. (AP Photo/Journal Inquirer, Jim Michaud, File)Supporters of a brain-damaged man serving life in prison for killing his former wife's grandmother say they plan to seek bail for him after Connecticut's second-highest court ordered a new trial.

Congress posts member financial data on Internet

Posted: 01 Oct 2012 12:38 PM PDT

House Speaker John Boehner bought stock in two health care companies this year, while third-ranking House Republican Kevin McCarthy bought and sold Apple stock within a few days. Senate Majority Leader Harry Reid bought two government bonds and sold two others.

End of payroll, Bush tax cuts top "fiscal cliff" fears: study

Posted: 01 Oct 2012 12:38 PM PDT

A woman walks past the U.S. Capitol in WashingtonWASHINGTON (Reuters) - If Congress does nothing and the United States plunges off the "fiscal cliff" in three months, taxes would rise for 90 percent of Americans due to automatic increases in income and payroll taxes and other financial shocks, said a report issued on Monday. In the latest forecast of trouble ahead if Capitol Hill cannot overcome its fiscal paralysis, the Tax Policy Center, a Washington think tank, predicted taxes would rise by $500 billion in 2013, or an average of almost $3,500 per household. At the same time, government spending would shrink, reducing the budget deficit. ...

Fatal shooting mars Venezuela election campaign

Posted: 01 Oct 2012 12:35 PM PDT

Supporters of opposition Presidential candidate Henrique Capriles cheer during a campaign rally in Caracas, Venezuela, Sunday, Sept. 30, 2012. Presidential elections in Venezuela are scheduled for Oct. 7.(AP Photo/Fernando Llano)Jason Valero was so excited about the possibility that Henrique Capriles could unseat President Hugo Chavez that he took a few weeks off from his job as a dump truck driver to work on the opposition presidential candidate's campaign.

Court trims verdict over 'Nash Bridges' profits

Posted: 01 Oct 2012 12:34 PM PDT

FILE - In this Thurs., Sept. 27, 2012 file photo, Don Johnson arrives at the Los Angeles Philharmonic's 2012 Opening Night Gala, in Los Angeles. An appeals court on Monday Oct. 1, 2012 trimmed Johnson's $23.2 million verdict over "Nash Bridges" profits down to $15 million plus interest after determining that jurors mistakenly awarded Johnson interest in their original verdict. (Photo by Richard Shotwell/Invision/AP, File)A divided appellate court upheld Don Johnson's multimillion jury award over profits from the series "Nash Bridges" but cut its amount by more than $8 million on Monday.

Oil closes higher after US manufacturing report

Posted: 01 Oct 2012 12:32 PM PDT

FILE-In this Tuesday, Sept. 25, 2012, file photo, Roy Davis, lead customer service representative, changes the sign indicating a two-cent lower price for regular unleaded gasoline at this Circle K gas station in Oklahoma City. The price of oil finished higher Monday after a report showed U.S. manufacturing activity rose in September for the first time in four months. (AP Photo/Sue Ogrocki, File)The price of oil finished higher Monday after a report showed U.S. manufacturing activity rose in September for the first time in four months.

'Family Guy' creator MacFarlane to host Oscars

Posted: 01 Oct 2012 12:28 PM PDT

FILE - This Sept. 23, 2012 file photo shows Seth MacFarlane presenting an award at the 64th Primetime Emmy Awards at the Nokia Theatre in Los Angeles. Macfarlane will host the 85th Academy Awards on Sunday, Feb. 24, 2013 on the ABC Television Network. (Photo by John Shearer/Invision/AP, file)"Family Guy" creator Seth MacFarlane says being invited to host the 2013 Academy Awards "was the greatest call that I could have gotten in show business."

White House targeted in cyber attack

Posted: 01 Oct 2012 12:28 PM PDT

The White House is pictured after sunrise in WashingtonWASHINGTON (Reuters) - The White House's computer system was targeted in a cyber attack, a senior administration official said on Monday, but no classified systems were breached. There is no evidence that data was taken in the incident, the official said, adding that the attack was identified early and did not spread. The attack was described as "spear phishing," the term for an attempted penetration using fake emails from a trusted sender, which the official said was "not infrequent. ...

Philly police file charges against child driver

Posted: 01 Oct 2012 12:28 PM PDT

A 10-year-old Philadelphia boy has been charged with criminal mischief and other counts after swiping a van, then crashing it into five parked cars, authorities said Monday.

Bernanke makes strong defense of Fed rate policies

Posted: 01 Oct 2012 12:45 PM PDT

FILE-In this Thursday, Sept. 13, 2012, file photo, Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington. Chairman Ben Bernanke is offering a sharp defense Monday, Oct. 1, 2012, of the Federal Reserve's bold policies to stimulate the weak economy, while cautioning Congress to respect its private discussions. Bernanke says the Fed needs to drive down borrowing rates low because the economy isn't growing fast enough to reduce high unemployment. The unemployment rate is 8.1 percent. (AP Photo/Manuel Balce Ceneta, File)Chairman Ben Bernanke offered a wide-ranging defense Monday of the Federal Reserve's bold policies to stimulate the still-weak economy.

Officials offer rare peek of ancient frescoes

Posted: 01 Oct 2012 12:25 PM PDT

A partial view of the frescoes painted on the wall of the Ancient Church of St. Mary in the Roman forum, Monday, Oct. 1, 2012. Italy's Ministry of Culture allowed media in Monday for a preview of a massive restoration of what experts call the Sistine Chapel of the VIII century, a series of medieval byzantine frescoes painted on the walls of this church over the course of three centuries. The Ancient Church of St. Mary was founded in the sixth century, in between imperial roman palaces. It was the oldest and most important Christian monument in the Roman forum. (AP Photo/Alessandra Tarantino)Italy's Culture Ministry has allowed a rare peak at a €3 million ($3.8 million) restoration of medieval frescoes in the ancient church of St. Mary in the Roman Forum.

Overnight dementia 'camp' allows caregivers rest

Posted: 01 Oct 2012 12:16 PM PDT

In this Sept. 20, 2012 photo, dementia patients sitting in a circle formation do an exercise called "the parachute" at the Hebrew Home at Riverdale in the Bronx borough of New York. The Hebrew Home has a program that provides care and activity overnight for dementia victims with sleep problems. (AP Photo/Jim Fitzgerald)Just after 10 p.m., when most people their age are going to sleep, a group of elderly folks suffering from dementia are just getting started, dancing and shaking tambourines and maracas in a raucous version of "La Bamba."

Obama trying to avoid miscue in first debate

Posted: 01 Oct 2012 12:15 PM PDT

FILE - In this Sept. 30, 2012 file photo, President Barack Obama waves to supporters as he arrives at McCarran International Airport in Las Vegas. President Barack Obama has one mission heading into his first debate with Republican Mitt Romney: Don't screw things up. Less than five weeks from Election Day, Obama has political momentum and an edge in polls of the battleground states that will determine the election. But he's expected to face a blistering challenge from Romney, who needs to use Wednesday's debate in Denver to change the trajectory of the race. (AP Photo/Isaac Brekken, File)President Barack Obama has one mission heading into his first debate with Republican Mitt Romney: Don't screw things up.

Literary agent Wendy Weil dies at age 72

Posted: 01 Oct 2012 12:14 PM PDT

Wendy Weil, a beloved literary agent known for her low-key but determined style and for an eclectic clientele of groundbreaking and best-selling authors, from Alice Walker and Rita Mae Brown to Fannie Flagg and Mark Helprin, has died. She was 72.

Peanut butter recall includes major retailers

Posted: 01 Oct 2012 12:12 PM PDT

A recall of peanut butter and other nut products has some of the country's largest grocery stores pulling store-brand products off their shelves.

Pocono return celebrates IndyCar history

Posted: 01 Oct 2012 12:09 PM PDT

IndyCar driver Ed Carpenter had the chance to take a drive around Pocono Raceway, and promptly handed the car keys to racing great Mario Andretti.

DiCaprio, Maguire, others urge voter expression

Posted: 01 Oct 2012 12:07 PM PDT

FILE - In this Dec. 22, 2009, file photo, actors Tobey Maguire, left, and Leonardo DiCaprio watch an NBA basketball game between Los Angeles Lakers and the Oklahoma City Thunder in Los Angeles. DiCaprio and Maguire lead a cast of stars in a new public service announcement urging young voters to use social media to express the issues most important to them in the upcoming election.(AP Photo/Jae C. Hong, File)Leonardo DiCaprio and Tobey Maguire lead a cast of stars in a new public service announcement urging young voters to use social media to express the issues most important to them in the upcoming election.

Study: Fraud growing in scientific research papers

Posted: 01 Oct 2012 12:06 PM PDT

A new study finds that fraud in scientific research is growing at a troubling rate, even though it remains rare overall.

$2 million in gems, gold stolen from Calif. museum

Posted: 01 Oct 2012 12:06 PM PDT

California investigators searched Monday for thieves who made off with an estimated $2 million in precious gems and gold from a Central Valley museum during a brazen daytime robbery.

Skydiver aims to break sound barrier in free fall

Posted: 01 Oct 2012 12:00 PM PDT

FILE - In this Thursday, March 15, 2012 file photo provided by Red Bull Stratos, Felix Baumgartner salutes as he prepares to board a capsule carried by a balloon during the first manned test flight for Red Bull Stratos in Roswell, N.M. On Monday, Oct. 8, 2012 over New Mexico, Baumgartner will attempt to jump higher and faster in a free fall than anyone ever before and become the first skydiver to break the sound barrier. (AP Photo/Red Bull Stratos, Joerg Mitter)His blood could boil. His lungs could overinflate. The vessels in his brain could burst. His eyes could hemorrhage.

State Dep't rejects call for UN ambassador to quit

Posted: 01 Oct 2012 11:54 AM PDT

FILE - This June 7, 2012 file photo shows U.S. Ambassador to the U.N. Susan Rice listening during a news conference at the UN. The Obama administration on Monday rejected a demand from a senior Republican lawmaker that the U.S. ambassador to the United Nations to resign. Rep. Peter King of New York said last week Susan Rice's explanation of the Sept. 11 attack on the U.S. Consulate in Benghazi, Libya, was a foreign policy failure. (AP Photo/Bebeto Matthews)The Obama administration on Monday rejected a demand from a senior Republican lawmaker that the U.S. ambassador to the United Nations to resign.

U.S. "fiscal cliff" a risk to global growth, Europe to tell G7

Posted: 01 Oct 2012 11:51 AM PDT

BRUSSELS (Reuters) - Europe will tell the United States, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that U.S. fiscal policy and slowing growth in Japan and China also pose risks to the global economy. Finance ministers of Germany, France, Italy and Britain will meet those from the other major developed economies in the Group of Seven at a dinner in Tokyo on October 11. "Developments in the euro area are not the only source of risks for the global economy," says a document with the main European policy messages prepared for the G7. ...

Syria siege on Aleppo alarms antiquities experts

Posted: 01 Oct 2012 11:50 AM PDT

In this image taken from video obtained from Shaam News Network (SNN), which has been authenticated based on its contents and other AP reporting, a fire rages at a medieval souk in Aleppo, Syria. Syrian rebels and residents of Aleppo struggled Saturday to contain a huge fire that destroyed parts of the city's medieval souks, or markets, following raging battles between government troops and opposition fighters there, activists said. Some described the overnight blaze as the worst blow yet to a historic district that helped make the heart of Aleppo, Syria's largest city and commercial hub, a UNESCO world heritage site. (AP Photo/Shaam News Network SNN via AP video)The pictures shown Monday at a gathering of Arab antiquities experts gave a glimpse into the damage Syria's civil war has wreaked on the heritage of one of the world's most ancient cities.

Vegas police cite Hilton boyfriend in battery case

Posted: 01 Oct 2012 11:48 AM PDT

Police in Las Vegas say the 21-year-old model boyfriend of celebrity socialite Paris Hilton was cited after a scuffle with another man at a Las Vegas Strip nightclub.

Barron's upbeat on Goldman, predicts stock gains

Posted: 01 Oct 2012 11:45 AM PDT

Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year.

Drew Barrymore gives birth to her first child

Posted: 01 Oct 2012 11:44 AM PDT

FILE - This May 10, 2012 file photo shows Will Kopelman, left, and Drew Barrymore attending the New York City Ballet's 2012 Spring Gala performance in New York. The couple welcomed a baby girl named Olive Barrymore Kopelman on Sept. 26. A statement from Chris Miller at Barrymore's production company Flower Films said the baby was born Drew Barrymore is a mom.

Rare labor petition in Iran shows economic alarm

Posted: 01 Oct 2012 11:43 AM PDT

In this Tuesday, Aug. 14, 2012 photo, a group of Iranian workers protest in front the Industrial Ministry building in Tehran, Iran, demanding their delayed salaries. For weeks, a manifesto complaining about Iran's sinking economy circulated in secret among factories and workshops. In the end, some 10,000 signatures were on a petition addressed to Iran's labor minister calling attention to the street-level fallout from Western sanctions: rising prices, fewer jobs. (AP Photo)For weeks, a manifesto complaining about Iran's stumbling economy circulated in secret among factories and workshops. Organizers asked for signatures and the pages began to fill up.

Georgia's president, opposition both claim victory

Posted: 01 Oct 2012 11:42 AM PDT

Georgian President Mikhail Saakashvili leaves a voting booth at a polling station in Tbilisi, Georgia, Monday, Oct. 1, 2012. Voters in Georgia are choosing a new parliament in a heated election Monday that will decide the future of Saakashvili's government. (AP Photo/Efrem Lukatsky)Georgian President Mikhail Saakashvili and the opposition both claimed victory Monday in a parliamentary election that is crucial to determining the future direction of this former Soviet republic.

Huge tax increase looms at year-end 'fiscal cliff'

Posted: 01 Oct 2012 11:35 AM PDT

FILE-In this Monday, April 18, 2011, file photo, Max Martinez, dressed as the Statue of Liberty, tries to alert motorists on the final day to file taxes. A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 in 2013 if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of 2012, according to a new report Monday, Oct. 1, 2012. Taxpayers across the income spectrum would be hit with large tax hikes, the Tax Policy Center said in its study, with households in the top 1 percent income range seeing an average tax increase of more than $120,000, while a family making between $110,000 to $140,000 could see a tax hike in the $6,000 range. (AP Photo/Tony Dejak, File)A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday

Afghanistan bomber kills 14, including 3 Americans

Posted: 01 Oct 2012 11:35 AM PDT

Afghan police secure the site of a suicide bombing in Khost, south of Kabul, Afghanistan, Monday, Oct. 1, 2012. The suicide bomber was driving a motorcycle packed with explosives and rammed it into a patrol of Afghan and international forces, killing over a dozen people, including three NATO service members and their translator, official said. (AP Photo/Nashanuddin Khan)A Taliban suicide bomber rammed a motorcycle packed with explosives into a joint U.S.-Afghan patrol on Monday, killing 14 people including three Americans in the latest attack on an increasingly fraught program to help Afghan forces take over security so foreign troops can withdraw from the country over the next two years.

NYC club where young Springsteen played is closing

Posted: 01 Oct 2012 11:34 AM PDT

A historic New York City music club that nurtured Bruce Springsteen's early career is closing.

EADS calls for quick resolution to BAE merger uncertainty

Posted: 01 Oct 2012 11:33 AM PDT

LONDON (Reuters) - EADS Chief Executive Tom Enders called for negotiators to resolve uncertainty as soon as possible over a planned $45 billion merger with BAE Systems. Speaking after a day of mounting criticism and rhetoric about the proposal to create a new European defence giant, Enders said the next 10 days in the run-up to an October 10 UK regulatory deadline would be crucial. "We intend to come to a conclusion very soon ... We cannot go on much longer," he told an audience at the Royal Academy of Engineering in London. ...

Radical Nigeria sect threatens wives of leaders

Posted: 01 Oct 2012 11:28 AM PDT

The leader of a radical Islamist sect has threatened the wives of Nigerian security agents and government officials in a new Internet video, while denying his group is in any peace talks to end the violence that has killed hundreds in the country's north.

Syrian minister accuses US of stoking 'terrorism'

Posted: 01 Oct 2012 11:28 AM PDT

Rada Hallabi, 4, who is sick with diabetes, lies on a blanket in a refugee camp on the border with Turkey, near Azaz village, Syria, Sunday, Sept. 30, 2012. (AP Photo / Manu Brabo)The Syrian foreign minister accused the U.S. and its allies of stoking "terrorism" in his country, delivering an uncompromising message before the United Nations on Monday as fighting spread in a centerpiece of Syria's cultural heritage, the historic Old City of Aleppo.

Saudis say virus does not pose threat to pilgrims

Posted: 01 Oct 2012 11:26 AM PDT

Saudi Arabia's health minister says a new respiratory virus related to SARS that has infected two people does not pose a threat to the more than 1 million Muslims set to embark on the annual Hajj pilgrimage in the kingdom.

Europe hails Ryder Cup 'Miracle of Medinah'

Posted: 01 Oct 2012 11:26 AM PDT

Not even the family of Seve Ballesteros could have imagined a Ryder Cup finish quite like this.

South Africa starts investigating mine violence

Posted: 01 Oct 2012 11:24 AM PDT

Retired judge Ian Farlamat looks on during a judicial commission of inquiry at the Civic Centre in Rustenburg, South Africa, Monday, Oct. 1, 2012. Farlam, began conducting an official inquiry Monday into the killings of dozens of people near a South African platinum mine, even as labor unrest continued with workers at other mines as well as truck drivers continuing protests over pay. (AP Photo/Themba Hadebe)A judicial panel Monday investigated the rocky site where South African police killed 34 striking miners on August 16.
Posted by Harshad at 1:02 PM

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