Thursday, October 25, 2012

Weak business spending drags on US growth

Weak business spending drags on US growth

Weak business spending drags on US growth

Posted: 25 Oct 2012 12:44 PM PDT

In this Monday, Sept. 10, 2012 photo Brian Gibson, top right, and his wife Elizabeth Gibson, below right, both of Framingham, Mass., examine stoves at a Lowe's store location in Framingham. U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. (AP Photo/Steven Senne)Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that's slowing the U.S. economy.

Ford deepens European cuts, sees $3 billion in losses

Posted: 25 Oct 2012 12:37 PM PDT

Genk's supporters stand near a banner reading "Ford = Bad Management" before Genk's Europa League soccer match against Sporting Lisbon in GenkLONDON/DETROIT (Reuters) - Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years. Ford told British unions Thursday it would scrap its Southampton van factory and an associated stamping facility in Dagenham in mid-2013, slashing 1,400 jobs and ending vehicle manufacturing by Ford in Britain. The move comes a day after Ford announced it would close a major car plant in Genk, Belgium, in late 2014. ...

Recall news

Posted: 25 Oct 2012 12:33 PM PDT

The following recall has been announced:

Eastern utilities brace for expected super storm

Posted: 25 Oct 2012 12:32 PM PDT

Utilities and governments along the East Coast are working to head off long-term power failures as forecasters predict a major storm to hit a region already skittish after foul weather in recent months that plunged residents into darkness for weeks.

Stern to retire as NBA Commissioner in 2014

Posted: 25 Oct 2012 12:28 PM PDT

NBA Commissioner David Stern speaks during a basketball news conference following Board of Governors meetings in New York, Thursday, Oct. 25, 2012. Stern announced he will retire on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Deputy Commissioner Adam Silver. (AP Photo/Kathy Willens)NBA Commissioner David Stern will retire on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Deputy Commissioner Adam Silver.

Oil ends slightly higher, around $86 a barrel

Posted: 25 Oct 2012 12:26 PM PDT

It wasn't a convincing move higher, but oil managed to rise Thursday for the first time in six days.

AP-GfK poll: Romney edging out Obama on economy

Posted: 25 Oct 2012 12:24 PM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney sits and talks to a customer as he makes an unscheduled stop at First Watch cafe in Cincinnati, Ohio, Thursday, Oct. 25, 2012. (AP Photo/Charles Dharapak)Americans are growing increasingly optimistic about the future of the U.S. economy, and likely voters trust Republican Mitt Romney slightly more than President Barack Obama to do a better job of managing it, an Associated Press-GfK poll shows.

Stocks waver on a big earnings day

Posted: 25 Oct 2012 12:19 PM PDT

In this Wednesday, Oct. 24, 2012, photo, Specialists Jay Woods, left, and Donald Himpele work at the post that handles Bank of America on the floor of the New York Stock Exchange. Stock futures edged higher Thursday, Oct. 25, with some positive numbers coming out of the manufacturing sector and potentially more evidence of an improving jobs picture. (AP Photo/Richard Drew)A weak showing in home sales and a mixed batch of earnings reports kept the stock market flipping between minor gains and losses on Wall Street. With an hour left in the trading day, the major market indexes were slightly up.

Some incumbents get scant help from national party

Posted: 25 Oct 2012 12:18 PM PDT

FILE - In this April 3, 2012 file photo, Rep. Roscoe Bartlett, R-Md., right, shakes hands with Terry Allen as he awaits the primary election results in Frederick, Md. Thanks for your service, and good luck. That's what the national parties are saying to congressional veterans like Bartlett, Rep. David Rivera, R-Fla. and Rep. Larry Kissell, D-N.C. (AP Photo/Luis M. Alvarez, File)Thanks for your service, and good luck.

Slain NJ girl's family silent on Facebook exchange

Posted: 25 Oct 2012 12:17 PM PDT

Photos released by Clayton, N.J. Police Department show Autumn Pasquale, 12, of Clayton, N.J. Authorities say her family reported her missing Saturday. Anyone with information is asked to contact the Clayton Police Department at (856) 881-2301. (AP Photo/Clayton, N.J. Police Department)The family of a slain New Jersey girl says it won't comment on the apparent Facebook exchange she had with one of the brothers accused of killing her.

Hurricane Sandy threatens U.S. after hammering Cuba

Posted: 25 Oct 2012 12:17 PM PDT

A man looks at the city as storm clouds fill the sky over HavanaHAVANA (Reuters) - Hurricane Sandy swelled into a serious threat to much of the U.S. East Coast on Thursday after hammering Cuba's second-largest city and taking aim at the Bahamas, U.S. forecasters said. Strengthening rapidly after tearing into Jamaica and crossing the warm Caribbean Sea, Sandy hit southeastern Cuba early on Thursday with 105-mph (169-kph) winds that cut power and toppled trees across the city of Santiago de Cuba. Reports from the city of 500,000 people, about 470 miles southeast of Havana, indicated that many homes had been damaged or destroyed. ...

US to return 4,000 archaeological relics to Mexico

Posted: 25 Oct 2012 12:16 PM PDT

U.S. authorities have seized more than 4,000 archaeological artifacts looted from Mexico that they plan to display in Texas before returning them to their country of origin.

British army dog joins list of animal war heroes

Posted: 25 Oct 2012 12:15 PM PDT

This is a undated Ministry of Defence handout photo made available on Thursday Oct. 25, 2012 of Lance Corporal Liam Tasker and his Springer spaniel mix Theo. Theo the bomb-sniffing army dog who died in Afghanistan on the day his handler was killed has been honored with Britain's highest award for animal bravery. Springer spaniel mix Theo was posthumously awarded the Dickin Medal on Thursday at a ceremony in London. (AP Photo/ MoD)British soldiers and military dogs gathered at a British army barracks Thursday to honor a fallen hero with selfless courage, nerves of steel — and four legs.

Group of major CEOs urges tax hikes, spending cuts

Posted: 25 Oct 2012 12:15 PM PDT

CEOs from more than 80 major U.S. companies are pressing Congress to reduce the federal deficit by raising taxes and cutting spending. The deficit and how to tame it has become a key theme in the presidential campaign.

Del Ponte promises to hunt Syria war criminals

Posted: 25 Oct 2012 12:13 PM PDT

GENEVA (Reuters) - Carla del Ponte, the former United Nations war crimes prosecutor, vowed on Thursday to bring to justice high level Syrian political or military figures who may have ordered or committed war crimes. Del Ponte, who has joined a team of U.N. human rights investigators on Syria, said she would help compile evidence and testimonies which could be used in an international tribunal or Syrian national court. Led by Brazilian expert Paulo Pinheiro, the team has been documenting atrocities committed by Syrian government forces and armed rebels in the 19-month-old conflict. ...

2nd arrest in case linked to NY policeman's death

Posted: 25 Oct 2012 11:43 AM PDT

Darrell Fuller is escorted into a waiting car at a police station in Mineola, N.Y., Thursday, Oct. 25, 2012. The ex-convict suspected of gunning down a New York police officer and then fatally shooting a carjacking victim is charged with first-degree murder. (AP Photo/Seth Wenig)A man was arrested on charges he assisted a suspect in the shooting deaths of a New York police officer and a carjacking victim, prosecutors said Thursday.

All day, all night: Obama's long search for votes

Posted: 25 Oct 2012 12:06 PM PDT

President Barack Obama gestures while speaking during a campaign rally in Byrd park in Richmond, Va., Thursday, Oct. 25, 2012. The president is on the second day of his 48 hour, 8 State campaign blitz. (AP Photo/Steve Helber)Deep in the longest day of his campaign, President Barack Obama was in a Las Vegas casino, gambling that his re-election bid needed one more stop. It was 1:40 a.m. on his clock, and he was pleading with the hotel cooks and waiters for their votes.

Julich leaves Team Sky because of doping past

Posted: 25 Oct 2012 12:09 PM PDT

Former American rider Bobby Julich says he used banned drugs during the late 1990s when he finished third in the Tour de France, forcing him Thursday to leave his Team Sky coaching job.

Romney, Obama effectively tied as election nears: Reuters/Ipsos poll

Posted: 25 Oct 2012 12:09 PM PDT

U.S. Republican presidential nominee Romney speaks during a campaign stop at Jet Machine in CincinnatiWASHINGTON (Reuters) - Republican challenger Mitt Romney held a 1 percentage point lead over President Barack Obama in Thursday's Reuters/Ipsos daily tracking poll in a presidential race that is effectively a dead heat less than two weeks before Americans vote. In a repeat of Wednesday's results, Romney led Obama among likely voters by 47 percent to 46 percent, a statistically insignificant margin, in the four-day online tracking poll. The race has tightened since early October, around the time of the first of three televised debates between the two candidates. ...

Israeli PM's party to merge with ultranationalists

Posted: 25 Oct 2012 12:09 PM PDT

Israeli Prime Minister Benjamin Netanyahu speaks to the media after signing a joint declaration with Italian Prime Minister Mario Monti, not shown, in Jerusalem, Thursday, Oct. 25, 2012. (AP Photo/Dan Balilty, Pool)Israel's prime minister announced Thursday that he was joining forces with his hard-line foreign minister in upcoming elections, instantly creating a hawkish superparty that now appears poised to lead the country.

Friends, family pay tribute to late-Sen. McGovern

Posted: 25 Oct 2012 12:08 PM PDT

A man pays his respects at the public viewing for former Democratic U.S. senator and three-time presidential candidate George McGovern at the First United Methodist Church in Sioux Falls, S.D., as an honor guard salutes , Thursday, Oct. 25, 2012. McGovern died Sunday in his native South Dakota at age 90. (AP Photo/Nati Harnik)Friends, family and former colleagues paused before the flag-draped casket of former U.S. Sen. George McGovern on Thursday to pay tribute to the liberal Democrat who ran for president against Richard Nixon and lost and who later became a champion in the fight against global hunger.

New York Times 3Q net income drops 85 percent

Posted: 25 Oct 2012 12:08 PM PDT

The New York Times Co. reported a sharp decline in its third-quarter net income on Thursday and said revenue fell below analysts' expectations amid weakness in print and digital advertising.

Wall Street gains slightly, led by P&G

Posted: 25 Oct 2012 12:06 PM PDT

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Wall Street rose modestly on Thursday after the S&P 500's worst five-day stretch since May, but economic figures and corporate results were not strong enough to inspire heavy buying. The broad S&P 500 failed to recoup most of its losses from its 3.6 percent decline over the last five sessions. Procter & Gamble shares gained 2.7 percent to $69.92 after the multinational household products manufacturer reported a better-than-expected profit. The Dow component was an outlier, however. With about 244 companies in the S&P 500 reporting results so far, 62. ...

AP PHOTOS: Syrian rebels advance in largest city

Posted: 25 Oct 2012 12:05 PM PDT

In this Wednesday, Oct. 24, 2012 photo, a rebel fighter retreats for cover as enemy fire targets the rebel position during clashes at the Moaskar front line, one of the battlefields in the Karmal Jabl neighborhood, of Aleppo, Syria. (AP Photo/Narciso Contreras).Crouching behind walls and firing from the corners of buildings, rebels are battling Syrian government troops in battered neighborhoods of Aleppo, the nation's largest city.

Buying guide: How to get, or avoid, Windows 8

Posted: 25 Oct 2012 12:02 PM PDT

Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York, Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)On Friday, Microsoft Corp. will release a new version of its Windows operating system, one designed to make desktop and laptop computers work more like tablets. There will be several ways to get it — or avoid it.

NOAA to East: Beware of coming 'Frankenstorm'

Posted: 25 Oct 2012 12:00 PM PDT

This NOAA satellite image taken Wednesday, October 24, 2012 at 1:45 PM EDT shows Hurricane Sandy across the central Caribbean moving northward toward Jamaica and Cuba. Tropical Storm Tony is seen along the tail end of a cold front across the central Atlantic. (AP PHOTO/WEATHER UNDERGROUND)An unusual nasty mix of a hurricane and a winter storm that forecasters are now calling "Frankenstorm" is likely to blast most of the East Coast next week, focusing the worst of its weather mayhem around New York City and New Jersey.

Panetta: US lacked early info on Benghazi attack

Posted: 25 Oct 2012 12:00 PM PDT

Defense Secretary Leon Panetta says the U.S. military did not intervene during the attack on the U.S. Consulate in Libya last month because it was over before the U.S. has sufficient information on which to act.

Londonderry unveils city of culture program

Posted: 25 Oct 2012 11:59 AM PDT

The Northern Ireland city of Londonderry has announced a program of arts events ranging from punk to painting to celebrate its role as the U.K.'s "city of culture" for 2013.

Jailers worry about dental floss as a weapon

Posted: 25 Oct 2012 11:58 AM PDT

Dental floss may prevent toothaches, but it's given jailers plenty of headaches.

All quiet as deadline for full NHL season nears

Posted: 25 Oct 2012 11:57 AM PDT

With only hours remaining before an NHL-imposed deadline to make a deal with the players' association and preserve a full hockey season, all was quiet between the sides.

UK: 300 potential Savile abuse victims emerge

Posted: 25 Oct 2012 11:57 AM PDT

FILE - This is a March 25, 2008 file photo of Sir Jimmy Savile, who for decades was a fixture on British television. A year after he died, aged 84 and honored as Sir Jimmy, several women have come forward to claim he was also a sexual predator and serial abuser of underage girls. The child abuse scandal that has enveloped the BBC, one of Britain's most respected news organizations, is now hitting one of America's, as the incoming president of The New York Times is on the defensive about his final days as head of the BBC. Mark Thompson was in charge of the BBC in late 2011 when the broadcaster shelved what would have been a bombshell investigation alleging that the late Savile was a serial sex offender. (AP Photo/ Lewis Whyld/PA, File)Disgraced BBC entertainer Jimmy Savile was investigated in the 1980s over an allegation of indecent assault, police said Thursday as they announced that 300 potential victims had come forward so far with abuse accusations against the late TV host.

Ukraine under fire in Russian activist's abduction

Posted: 25 Oct 2012 11:56 AM PDT

FILE This undated video image provided by the Associated Press Television News shows Leonid Razvozzhayev speaking in an undisclosed location. Ukraine's main opposition party is accusing the government of allowing Russian agents to kidnap an anti-Kremlin activist in the Ukrainian capital and forcibly transport him to Moscow. Activist Leonid Razvozzhayev told Russian rights defenders that he was kidnapped from Kiev by masked men who smuggled him into Russia and kept him in handcuffs and leg chains in a basement for three days, denying him food, water, sleep or use of a toilet until he "confessed" to plotting riots. Ukraine's Interior Ministry spokesman Volodymyr Polishchuk said Thursday Oct. 25, 2012 what happened to Rozvozzhayev was not a crime because the activist is "alive and well." (AP Photo/APTN)Ukraine let Russian agents kidnap an anti-Kremlin activist seeking asylum in the Ukrainian capital of Kiev and forcibly bring him back to Moscow, the main opposition party charged Thursday.

Honduras police in internal dispute over cleanup

Posted: 25 Oct 2012 11:53 AM PDT

Honduran National Police Chief Juan Carlos Bonilla says some members of his ranks are planning a confrontation over a list of officers who were dismissed in efforts to clean up the corrupt department.

Networks, AP changing exit poll strategy

Posted: 25 Oct 2012 11:53 AM PDT

Oliver Solomon, of Davenport, Iowa, and his wife LaDonna arrive at the Davenport Public Library before casting their ballot for the Nov. 6th election, Wednesday, Oct. 24, 2012, in Davenport, Iowa. Early voting for the Nov. 6th election likely will set an Iowa record, as presidential candidates seek to lock-in votes in the battleground state. (AP Photo/Charlie Neibergall)A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

Prosecutors: Teen confesses in death of Colo. girl

Posted: 25 Oct 2012 12:35 PM PDT

This booking photo provided by the Westminster, Colo., Police Department shows Austin Reed Sigg, 17, who has been arrested in the abduction and killing of a 10-year-old girl and the attempted kidnapping of a runner. Police say they arrested Sigg at his Westminster home Tuesday night, about five miles from the home of Jessica Ridgeway, who disappeared Oct. 5. Her body was found five days later in a field at a park. The break comes two days after police said Jessica's abduction was linked to the attempted abduction in May of a 22-year-old runner at another park. (AP Photo/Westminster Police Department)Prosecutors said Thursday a Colorado teenager confessed to killing a 10-year-old girl who lived less than a mile from his home — a crime that authorities previously said was probably committed by someone known to the small community of Westminster.

Obama on marathon tour; Romney runs across Ohio

Posted: 25 Oct 2012 11:50 AM PDT

President Barack Obama waves to supporters during a campaign rally in Byrd Park in Richmond, Va., Thursday, Oct. 25, 2012. The president is on the second day of his 48 hour, 8 State campaign blitz. (AP Photo/Steve Helber)A scratchy-voiced President Barack Obama powered through a marathon drive to get his supporters to vote Thursday and planned to set an example by becoming the first president to cast his own ballot ahead of time. Republican Mitt Romney spent one of the precious 12 days before Election Day entirely focused on the Rust Belt battleground of Ohio.

Baseball's best rarely finish on top in October

Posted: 25 Oct 2012 11:48 AM PDT

San Francisco Giants' Brandon Belt (9), Angel Pagan, Marco Scutaro and Brandon Crawford celebrate after Game 1 of baseball's World Series Wagainst the Detroit Tigers ednesday, Oct. 24, 2012, in San Francisco. The Giants won 8-3 to take a 1-0 lead in the series. (AP Photo/Eric Risberg)Best in baseball? The Detroit Tigers and San Francisco Giants spent much of the season just trying to catch mediocre teams like the Chicago White Sox and Los Angeles Dodgers just to win their divisions.

AIBA suspends USA Boxing for 3 months

Posted: 25 Oct 2012 11:47 AM PDT

Amateur boxing's international governing body has suspended USA Boxing for three months over its response to several controversial statements by its former president.

Colin Powell endorses Obama for second term

Posted: 25 Oct 2012 11:47 AM PDT

U.S. President Obama listens to former Secretary of State Powell during their meeting in the Oval Office at the White House in WashingtonWASHINGTON (Reuters) - Former U.S. Secretary of State Colin Powell on Thursday endorsed Barack Obama's bid for re-election, citing the Democratic president's efforts to wind down the war in Afghanistan and tackle terrorism as well as an improving U.S. economy. "I think we ought to keep on the track that we are on," the Republican, who also backed Obama in 2008, told "CBS This Morning." He added, "I voted for him in 2008 and I plan to stick with him in 2012. ...

Ballmer on start button: The whole screen is one

Posted: 25 Oct 2012 11:44 AM PDT

FILE - In this Aug. 24, 1995, file photo, Microsoft Chairman Bill Gates sits on stage during a video portion of the Windows 95 Launch Event on the company's campus in Redmond, Wash. One of the biggest changes with Windows 8 is the disappearance of the familiar start button at the lower left corner of the screen. There will be a new screen filled with a colorful array of tiles, each leading to a different application, task or collection of files. (AP Photo/File)One of the biggest changes with Windows 8 is the disappearance of the familiar start button at the lower left corner of the screen. There will be a new screen filled with a colorful array of tiles, each leading to a different application, task or collection of files.
Posted by Harshad at 1:03 PM

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