Friday, October 8, 2010

Dow closes above 11,000 for first time since May (AP)

Dow closes above 11,000 for first time since May (AP)

Dow closes above 11,000 for first time since May (AP)

Posted: 08 Oct 2010 01:22 PM PDT

A pair of traders work on the floor of the New York Stock Exchange Friday, Oct. 8, 2010. (AP Photo/Richard Drew)AP - The Dow Jones industrial average is closing above 11,000 for the first time in five months as hopes build that the Federal Reserve will take more action to get the economy going again.

Jones resigns as NSC chief, Donilon next director (AP)

Posted: 08 Oct 2010 01:07 PM PDT

President Barack Obama stands with Tom Donilon, who will replace outgoing National Security Adviser James Jones, Friday, Oct. 8, 2010, in the Rose Garden of the White House in Washington. (AP Photo/Charles Dharapak)AP - In another White House shake up, President Barack Obama on Friday announced that his national security adviser, Gen. James Jones, was stepping down after helping to shape the foreign policy for nearly two years. Tom Donilon, Jones' deputy, will take over as the top security adviser.

BofA halts foreclosures in 50 states (AP)

Posted: 08 Oct 2010 12:54 PM PDT

FILE - In this July 13, 2010 file photo, Bank of America's headquarters are shown in Charlotte, N.C. Bank of America Corp., the nation's largest bank, is stopping sales of foreclosed homes in all 50 states Friday, Oct. 8, 2010, as it reviews potential flaws in foreclosure documents. (AP Photo/Chuck Burton, file)AP - A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

Chinese dissident Liu wins Nobel Peace Prize (AP)

Posted: 08 Oct 2010 12:54 PM PDT

In this photo taken in November, 2007 and released by Liu Xiaobo's friend Friday, Oct. 8, 2010, Liu, right, poses with legal scholar Zhang Sizhi during a gathering in Beijing. Imprisoned Chinese dissident Liu Xiaobo won the 2010 Nobel Peace Prize on Friday, Oct. 8, 2010, for using non-violence to demand fundamental human rights in his homeland. The award ignited a furious response from China, which accused the Norwegian Nobel Committee of violating its own principles by honoring 'a criminal.' (AP Photo) ** CHINA OUT **AP - China has long wanted a Nobel prize. Now that it has one, its leaders are furious. The Nobel committee awarded its peace prize to imprisoned democracy campaigner Liu Xiaobo on Friday, lending encouragement to China's dissident community and sending a rebuke to the authoritarian government, which sharply condemned the award.

Toxicity of Hungary's red sludge flow drops (AP)

Posted: 08 Oct 2010 01:23 PM PDT

Eszter Horvath a resident of Mezolak, Hungary, looks on as an excavator pours plaster into the river Marcal to neutralize the polluting toxic sludge near to her village, Friday Oct. 8, 2010. 'Life in the River Marcal has been extinguished,' rescue official Tibor Dobson told The Associated Press, referring to the river's 25-mile (40-kilometer) stretch that carried the red waste from Kolontar into the Raba River and onto the Danube. (AP Photo/Bela Szandelszky)AP - The concentration of toxic heavy metals where Hungary's massive red sludge spill entered the Danube has dropped to the level allowed in drinking water, authorities said Friday, easing fears that Europe's second longest river would be significantly polluted.

Afghan governor killed in rising violence in north (AP)

Posted: 08 Oct 2010 12:54 PM PDT

Map locates Afghanistan's Takhar province, where the governor was among the people killed in a deadly mosque blastAP - A powerful bomb killed an outspoken Afghan governor and 19 other worshippers in a crowded mosque Friday in northern Afghanistan, where insurgents are trying to expand their influence beyond the embattled south.

Judge tells school to admit nose-pierced NC girl (AP)

Posted: 08 Oct 2010 12:55 PM PDT

FILE - In a Sept. 15, 2010 file photo, Ariana Iacono, 14, poses for a photograph in Clayton, N.C. Federal judge U.S. District Judge Malcolm Howard on Friday, Oct. 8. 2010, ordered a North Carolina school to admit 14-year-old high school student Ariana Iacono, who had been suspended for wearing a nose piercing she says is part of her religion. The teenager was on her way to science class at Clayton High School Friday afternoon at her attorney said. (AP Photo/Jim R. Bounds, File)AP - A federal judge ordered a North Carolina school to admit a 14-year-old high school student suspended for wearing a nose piercing she says is part of her religion, and the teenager headed to science class Friday afternoon.

Christie agrees to reconsider tunnel cancellation (AP)

Posted: 08 Oct 2010 01:24 PM PDT

New Jersey Gov. Chris Christie gestures as he announces Thursday, Oct. 7, 2010, in Trenton, N.J., that he will stop a decades-in-the-making train tunnel connecting New Jersey and Manhattan, saying the state can't afford to pay for cost overruns on the already under-construction project. (AP Photo/Mel Evans)AP - U.S. Transportation Secretary Ray LaHood says New Jersey's governor has agreed to take the next two weeks to rethink his decision to cancel a massive NJ-NY rail tunnel project.

Wanted woman flags down police: Am I wanted? (AP)

Posted: 08 Oct 2010 01:06 PM PDT

AP - Police in suburban Cincinnati arrested a woman after she flagged an officer down and asked if there were any warrants out for her arrest. The Cincinnati Enquirer reported Friday that after Lockland police officer Dan Lyons informed 44-year-old Selma Elmore she did have an outstanding warrant, the woman ran off. The chase ended when Elmore pushed Lyons into a building, injuring his elbow.

NFL reviewing allegations involving Brett Favre (AP)

Posted: 08 Oct 2010 01:15 PM PDT

FILE - In this Sept. 19, 2010, file photo, Minnesota Vikings quarterback Brett Favre walks to the sideline after throwing an interception against the Miami Dolphins during an NFL football game in Minneapolis. The NFL says it is reviewing allegations involving the Vikings' Brett Favre, who the website Deadspin says sent racy messages and photos to a former sideline reporter while he played for the New York Jets. (AP Photo/Andy Blenkush, File)AP - The NFL is reviewing allegations involving the Vikings' Brett Favre, who the website Deadspin says sent racy messages and photos to a former sideline reporter while he quarterbacked for the Jets in 2008.

China livid as dissident Liu wins Nobel Peace Prize (Reuters)

Posted: 08 Oct 2010 11:09 AM PDT

Liu Xia, the wife of Chinese dissident Liu Xiaobo, holds a photo of her husband during an interview in Beijing, October 3, 2010. REUTERS/Petar KujundzicReuters - Jailed Chinese democracy activist Liu Xiaobo won the Nobel Peace Prize on Friday for two decades of non-violent struggle for human rights, infuriating China, which called the award "an obscenity".

New Obama security adviser clashed with military (Reuters)

Posted: 08 Oct 2010 12:03 PM PDT

National Security Adviser James Jones in Munich February 6, 2010. REUTERS/Michaela RehleReuters - President Barack Obama named close aide Tom Donilon as his top security adviser on Friday, elevating a skeptic of the U.S. troop surge in Afghanistan to oversee a major review of the war.

Senate banking panel sets foreclosure hearing (Reuters)

Posted: 08 Oct 2010 10:15 AM PDT

Reuters - The Senate Banking Committee will hold hearings after next month's elections to look into allegations that the nation's largest lenders have improperly foreclosed on struggling borrowers.

BofA halts foreclosures in all 50 U.S. states (Reuters)

Posted: 08 Oct 2010 10:26 AM PDT

Realtor Mac McCollum stands in front of a foreclosed home in Bullhead City, Arizona, November 4, 2009. REUTERS/Lucy NicholsonReuters - Bank of America Corp expanded on Friday its suspension of foreclosures to include all 50 U.S. states as anger grows at how lenders have prepared documents to support evictions.

California budget approved 100 days late (Reuters)

Posted: 08 Oct 2010 10:11 AM PDT

The exterior shot of the California State Capitol,February 17, 2009. REUTERS/Max WhittakerReuters - California lawmakers on Friday approved a state budget filled with spending cuts and creative accounting to fill a $19.1 billion deficit, 100 days after a spending plan should have been in place.

Payrolls fall and investors bet on Fed move soon (Reuters)

Posted: 08 Oct 2010 12:21 PM PDT

Case worker Jessica Yon discusses job eligibility for unemployed people at a jobs center in San Francisco, February 4, 2010. REUTERS/Robert Galbraith/FilesReuters - The economy shed jobs for a fourth straight month in September, hit by government layoffs and slower private hiring, hardening expectations of more stimulus from the Federal Reserve.

NJ Democrat demands info on Hudson tunnel decision (Reuters)

Posted: 08 Oct 2010 09:31 AM PDT

Reuters - A top New Jersey Democrat said on Friday he filed an official request for documents relating to Governor Chris Christie's decision to halt construction of a commuter rail tunnel under the Hudson River to New York City.

Health officials pull Abbott's Meridia diet drug off market (Reuters)

Posted: 08 Oct 2010 10:52 AM PDT

Reuters - U.S. health officials have ordered Abbott Laboratories' controversial weight loss drug Meridia off the market, and the company said it would comply even though it still thinks the drug is safe.

Jailed Chinese dissident Liu Xiaobo wins Nobel Peace Prize (AFP)

Posted: 08 Oct 2010 01:22 PM PDT

Norwegian Nobel Committee president Thorbjoern Jagland holds up a photograph of jailed Chinese dissident Liu Xiaobo. The jailed dissident was awarded the 2010 Nobel Peace Prize for championing reform and human rights in a move that is certain to anger Beijing.(AFP/Scanpix/Aleksander Andersen)AFP - Jailed Chinese dissident Liu Xiaobo won the 2010 Nobel Peace Prize on Friday, sparking a furious backlash from Beijing and renewed Western calls for his immediate release.

Hungary plays down toxic spill threat, toll rises to seven (AFP)

Posted: 08 Oct 2010 11:22 AM PDT

A local man looks at his garden in the flooded town of Devecser, 150 km (93 miles) west of Hungarian capital Budapest. Hungarian officials on Friday played down the threat of disastrous pollution to the Danube river from an industrial accident in Hungary, while its prime minister said the situation was under control.(AFP/Peter Kohalmi)AFP - Hungarian officials on Friday played down the threat of disastrous pollution to the Danube river from an industrial accident in Hungary, while its prime minister said the situation was under control.
Posted by Harshad at 1:29 PM

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