Wednesday, November 30, 2011

Move by central banks exhilarates Wall Street (AP)

Move by central banks exhilarates Wall Street (AP)

Move by central banks exhilarates Wall Street (AP)

Posted: 30 Nov 2011 11:57 AM PST

Traders work on the floor of the New York Stock Exchange Wednesday, Nov. 30, 2011. Stocks soared in morning trading Wednesday after major central banks acted together to support the global financial system by cutting short-term borrowing rates. (AP Photo/Richard Drew)AP - A move by the world's central banks to lower the cost of borrowing exhilarated investors Wednesday, sending Wall Street soaring more than 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers.

Feisty Cain presses ahead with bid (AP)

Posted: 30 Nov 2011 12:10 PM PST

Republican presidential candidate Herman Cain speaks during his first stop of an Ohio bus tour at the Cincinnati Marriott North in West Chester, Ohio, Wednesday, Nov. 30, 2011. Cain claimed Wednesday that he has experienced a 'groundswell of positive support' from backers who are ignoring the most recent charge of a 13-year extramarital affair. (AP Photo/The Enquirer, Tony Jones) NO SALES, MANDATORY CREDITAP - His campaign rocked anew, a feisty Herman Cain claimed a "groundswell of positive support" from backers on Wednesday and accused critics of trying to derail his White House bid as he worked to stem the fallout from allegations of a 13-year extramarital affair.

1st Penn State abuse suit comes from new accuser (AP)

Posted: 30 Nov 2011 12:09 PM PST

FILE - This Nov. 5, 2011 file photo provided by the Pennsylvania Office of Attorney General shows former Penn State football defensive coordinator Gerald 'Jerry' Sandusky, who sexually abused a boy more than 100 times, then threatened his family to keep him quiet about the encounters, according to a lawsuit filed Wednesday, Nov. 30, 2011 that details new accusations not included in criminal charges against him. (AP Photo/Pennsylvania Office of Attorney General, File)AP - Former Penn State assistant football coach Jerry Sandusky sexually abused a boy more than 100 times, and threatened to harm his family to keep him quiet, according to a lawsuit filed Wednesday by a new accuser who is not part of the criminal case.

FACT CHECK: GOP field flubs, big and small (AP)

Posted: 30 Nov 2011 11:45 AM PST

Republican presidential candidate, former House Speaker Newt Gingrich waits to begin an interview with FOX News after speaking to supporters at Tommy's Ham House, Wednesday, Nov. 30, 2011, in Greenville , S.C. (AP Photo/ Richard Shiro)AP - Newt Gingrich didn't know when he would take office if he wins the presidency. Rick Perry got the voting age and the date of Election Day wrong. Herman Cain didn't realize the president does not sign amendments to the Constitution.

GOP: Offsetting cuts must cover payroll tax relief (AP)

Posted: 30 Nov 2011 12:00 PM PST

House Speaker John Boehner of Ohio, flanked by House Majority Leader Eric Cantor, R-Va., left, and Rep. Jeb Hensarling, R-Texas, center, speaks to reporters on Capitol Hill in Washington, Wednesday, Nov. 30, 2011, following a closed-door meeting. (AP Photo/Susan Walsh)AP - Any extension of this year's payroll tax cut must be paid for with savings from elsewhere in the budget, House Speaker John Boehner said Wednesday.

Britain orders Iran's diplomats to leave UK (AP)

Posted: 30 Nov 2011 12:01 PM PST

Iranian protesters break the windows of a British Embassy building, in Tehran, Iran, Tuesday, Nov. 29, 2011. Dozens of hard-line Iranian students stormed the British Embassy in Tehran on Tuesday, bringing down the Union Jack flag and throwing documents from windows in scenes reminiscent of the anger against Western powers after the 1979 Islamic Revolution. The mob moved into the diplomatic compound two days after Iran's parliament approved a bill that reduces diplomatic relations with Britain following London's support of recently upgraded Western sanctions on Tehran over its disputed nuclear program. (AP Photo/Vahid Salemi)AP - Britain ordered Iran on Wednesday to remove all its diplomats from the U.K. within 48 hours following attacks on its embassy and a residential compound in Tehran — one of the most significant diplomatic retaliations against Iran since the 1979 U.S. embassy crisis.

Couple held without bond in bloody saw slaying (AP)

Posted: 30 Nov 2011 11:46 AM PST

This undated photo provided by the Las Vegas Metropolitan Police Department shows Melanie Costantini, 26, who was arrested with Anthony Stiger on Nov. 14, 2011 after the couple was found with a bloody saw and clothing in their apartment. The body of 58-year-old Harold Myles Shilberg was found outside an apartment building in Las Vegas having multiple cuts. The judge scheduled a preliminary hearing for Dec. 19 on felony murder and conspiracy charges that could carry the death penalty if Stiger and Costantini are convicted. (AP Photo/Las Vegas Metropolitan Police Department )AP - A judge said Wednesday that a couple charged with killing a neighbor whose body was found outside in a box will be jailed without bond until an evidentiary hearing.

Hope for new AIDS protection seen in mouse study (AP)

Posted: 30 Nov 2011 11:54 AM PST

AP - As scientists struggle to find a vaccine to prevent infection with the AIDS virus, a study in mice suggests hope for a new approach — one that doctors now want to test in people.

Mindy McCready, son reported missing in Florida (AP)

Posted: 30 Nov 2011 11:43 AM PST

FILE - In this undated file photo, country singer Mindy McCready performs in Nashville, Tenn. A missing persons report has been filed for McCready and her 5-year-old son Zander. The Department of Children and Families says the report was filed with Cape Coral Police Tuesday night after McCready took Zander from McCready's father's home. McCready doesn't have custody of her son â€AP - Florida authorities say country singer Mindy McCready is missing with her 5-year-old son, and a judge has given her until Thursday to return the boy.

AP source: Red Sox, Valentine agree to terms (AP)

Posted: 30 Nov 2011 11:54 AM PST

FILE-This Nov. 21, 2011 file photo shows ESPN analyst Bobby Valentine smiling as he answers questions from reporters following his interview for the vacant Boston Red Sox manager position, at Fenway Park in Boston. A person familiar with the decision says the Boston Red Sox have chosen Bobby Valentine to be their next manager and were working to complete a contract. The person spoke to The Associated Press on condition of anonymity Tuesday Nov. 29, 2011 because no announcement had been made. (AP Photo/Bizuayehu Tesfaye, File)AP - A person familiar with the negotiations says the Boston Red Sox have agreed to terms with Bobby Valentine on a contract that will make him the team's new manager.

Central banks act as euro zone crisis rages (Reuters)

Posted: 30 Nov 2011 10:15 AM PST

(L to R) European Monetary Affairs Commissioner Olli Rehn, Spain's Economy Minister Elena Salgado, Italy's Prime Minister and Finance Minister Mario Monti and Luxembourg's Prime Minister and Eurogroup chairman, Jean-Claude Juncker attend a Eurogroup meeting at the European Union council headquarters in Brussels, November 29, 2011. REUTERS/Yves HermanReuters - The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.

Packing and patrolling, U.S. troops roll out of Iraq (Reuters)

Posted: 30 Nov 2011 09:25 AM PST

Reuters - Camp Echo's dusty motorpools are empty, its private contract caterers have long gone home and murals depicting the September 11, 2001 attacks on New York's twin towers have been painted over.

Private-sector jobs soar, payrolls forecasts rise (Reuters)

Posted: 30 Nov 2011 10:11 AM PST

Reuters - Companies created the most jobs in nearly a year in November, adding to cautious optimism that the country's battered labor market is working its way toward healing.

Goldman CEO can testify in insider case: judge (Reuters)

Posted: 30 Nov 2011 11:02 AM PST

Reuters - Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.

China cuts bank reserves in policy shift to lift economy (Reuters)

Posted: 30 Nov 2011 07:08 AM PST

Reuters - China's central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease credit strains and shore up an economy running at its weakest pace since 2009.

It's game on for Zynga initial public offering (Reuters)

Posted: 30 Nov 2011 11:49 AM PST

Reuters - Zynga is preparing to launch its much-anticipated IPO on Monday for expected pricing on Thursday, December 15.

UK expels Iran diplomats after embassy attack (Reuters)

Posted: 30 Nov 2011 10:44 AM PST

Reuters - Britain shut Iran's embassy in London and expelled all its staff on Wednesday, saying the storming of the British mission in Tehran could not have taken place without consent from Iranian authorities.

Gingrich, Romney would both gain from Cain: Reuters/Ipsos (Reuters)

Posted: 30 Nov 2011 10:49 AM PST

Reuters - Herman Cain's departure from the presidential campaign would do little to change the 2012 primary race, as his support would be carved up among the Republican field, an analysis of Reuters/Ipsos poll data said on Wednesday.

Rising child poverty rates could be a 'taste' of what's ahead (The Christian Science Monitor)

Posted: 29 Nov 2011 04:00 PM PST

The Christian Science Monitor - In a troubling snapshot of the declining finances of Americans, considerably more school-age children are living in poverty than in the pre-recession year of 2007, the US Census Bureau reported Tuesday.

AMR: What does Chapter 11 bankruptcy mean for American Airlines fliers? (The Christian Science Monitor)

Posted: 29 Nov 2011 02:34 PM PST

The Christian Science Monitor - American Airlines' parent corporation filed for Chapter 11 bankruptcy proceedings Tuesday, while simultaneously assuring the flying public that things will be "business as usual" while the company restructures.
Posted by Harshad at 1:02 PM

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