Monday, May 7, 2012

Abbott Labs agrees to pay $1.5B over Depakote

Abbott Labs agrees to pay $1.5B over Depakote


Abbott Labs agrees to pay $1.5B over Depakote

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Abbott Laboratories has pleaded guilty and agreed to pay $1.5 billion over allegations that it promoted the anti-seizure drug Depakote for uses that were not approved by the Food and Drug Administration.

NRC chair: No timetable for Cal nuke plant restart

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The chairman of the Nuclear Regulatory Commission said Monday there is no timetable for restarting the sidelined San Onofre nuclear plant on the Southern California coast and a federal review of its troubled tubing will take whatever time is necessary to complete.

US: CIA thwarts new al-Qaida underwear bomb plot

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The Associated Press has learned the CIA thwarted a plot by al-Qaida's affiliate in Yemen to destroy a U.S.-bound airliner using a bomb with a new design around the one-year anniversary of the killing of Osama bin Laden.

Study: Savings and risks in health insurance trend

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It's the hottest trend in job-based health insurance: plans that give you a personal savings account for medical bills but also require you to pay a hefty share of costs before coverage kicks in.

No end to obesity epidemic, 20-year forecast shows

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FILE - In this May 2, 2012 file photo, Washougal Mayor Sean Guard, left, coaxes Camas Mayor Scott Higgins to step on the scales during their weigh-in in Washougal, Wash. The mayors of the two neighboring towns are in a The obesity epidemic may be slowing, but don't take in those pants yet.


Fed court reverses order for VA system overhaul

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A federal appeals court on Monday reversed its demand that the Veterans Affairs Department dramatically overhaul its mental health care system.

Morocco's judges call for legal reform

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More than half of Morocco's judges signed a petition on Monday that calls for prosecutors to be allowed to operate independently of the executive branch — a reform many say is necessary to prevent judicial corruption.

Egypt judges send 293 to trial for violent protest

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Investigating judges sent 293 Egyptians to trial Monday on charges of resisting authorities, damaging public property and carrying knives and fire bombs during an anti-government protest last year.

Did Romney earn tax credits for overseas profits?

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney talks to a supporter at a town hall-style meeting in Euclid, Ohio, Monday, May 7, 2012. (AP Photo/Jae C. Hong)Do you remember what's on page 169 of your income tax return? Neither does Mitt Romney.


Google violated copyright, but no damages: jury

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Google headquarters in Mountain View, CaliforniaA jury in a high-profile technology case ruled Monday that Google violated copyrights owned by Oracle Corp. for the Android mobile platform, but failed to agree on whether damages should be awarded.


Candidates against austerity lead in Italian vote

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Several candidates opposed to austerity measures were making a strong showing Monday in Italy's local elections, partial results indicated, in the first nationwide test for Premier Mario Monti since he was named to save Italy from its debt crisis.

Evangelista in New York

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Evangelista in New YorkSupermodel Linda Evangelista arrives at New York Family court in New York. Evangelista's 5-year-old son Augustin is unlikely to lack pocket money after his billionaire father made an out-of-court settlement for child support in New York on Monday.


Romney: Obama shouldn't be tried for treason

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a town hall-style meeting in Euclid, Ohio, Monday, May 7, 2012. (AP Photo/Jae C. Hong)Republican Mitt Romney says he doesn't think President Barack Obama should be tried for treason.


Exxon Mobil tops Fortune 500 list

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Exxon Mobil has bumped Wal-Mart from first place among the Fortune 500 top revenue-generating U.S. companies thanks to rising oil prices.

GOP plan protects Pentagon, cuts social programs

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FILE -- In a Dec. 7, 2011 file photo House Budget Committee Chairman Rep. Paul Ryan, R-Wis., second from right, accompanied by fellow committee members, gestures during a news conference on Capitol Hill in Washington . From left are, Rep. Diane Black, R-Tenn., Rep. Tom Price, R-Ga., Ryan, and Rep. Jason Chaffetz, R-Utah. The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a wave of budget cuts come January. (AP Photo/Manuel Balce Ceneta, file)Moving to protect the military from a crippling wave of budget cuts next year, a key House committee voted Monday to cut instead food aid, health care and social services like Meals on Wheels.


Model, billionaire settle NYC child support fight

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FILE - In this Feb. 8, 2012, file photo, model Linda Evangelista attends amfAR's New York gala benefit at Cipriani Wall Street in New York. Evangelista and ex-boyfriend Francois-Henri Pinault squared off Thursday, May 3, 2012, at a trial in Manhattan Family Court. She's demanding that he pay $46,000 a month in support for their 5-year-old son. Evangelista says she needs to pay for armed bodyguards and a round-the-clock nanny for the boy, Augustin. Evangelista and Pinault were a couple for a few months in late 2005 and early 2006. He is now married to actress Salma Hayek. They have a 4-year-old daughter. (AP Photo/Evan Agostini, file)In the midst of a trial that brought tales of the high life and high fashion to family court, supermodel Linda Evangelista and a billionaire French businessman have reached an agreement to end their child support fight, their lawyers said Monday.


Pakistan urges new era in trade with India

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Pakistan's Prime Minister Yousuf Raza Gilani (C)Pakistan on Monday called for a "new era" in economic collaboration with arch-rival India, as business leaders from the two countries met for a trade conference.


Evangelista arrives

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Evangelista arrivesSupermodel Linda Evangelista arrives at New York Family court in New York. Evangelista's 5-year-old son Augustin is unlikely to lack pocket money after his billionaire father made an out-of-court settlement for child support in New York on Monday.


Tymoshenko's daughter meets German minister

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Eugenia Tymoshenko, daughter of jailed former Ukrainian Prime Minister Yulia Tymoshenko, arrives at Germany's Free Democratic party (FDP) headquarters in Berlin, Monday, May 7, 2012. Eugenia Tymoshenko arrived for a private meeting with Justice Minister Sabine Leutheusser-Schnarrenberger Monday to discuss her mother's case and the rule of law in Ukraine. Yulia Tymoshenko has been on hunger strike for about two weeks and needs medical treatment for a back condition. Germany has offered to treat Tymoshenko, who is serving a seven-year prison sentence on charges of abuse of power. (AP Photo/Markus Schreiber)The daughter of jailed former Ukrainian Prime Minister Yulia Tymoshenko met with Germany's justice minister Monday in a bid to increase European pressure on Ukraine's leadership over her mother's case.


'Avengers' ups dollar power with $207.4M opening

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In this film image released by Disney, Chris Evans, portraying Captain America, left, and Robert Downey Jr., portraying Tony Stark, are shown in a scene from "The Avengers" has extended its box-office superpowers with a record $207.4 million opening weekend domestically, an even bigger start than originally projected.


Seller of suicide kits sentenced on tax charges

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A 92-year-old Southern California woman who acknowledged selling kits intended to help people commit suicide has been sentenced to five years supervised probation for failing to file federal tax returns.

'The Outsiders' is being released as an e-book

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Almost 45 years after "The Outsiders" was first published, S.E. Hinton is ready to take her classic young adult novel to the next level: an e-book.

Buffett says investors shouldn't act on headlines

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Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during an interview with Liz Claman of the Fox Business Network in Omaha, Neb., Monday, May 7, 2012. Buffett said on Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France, but he says the turmoil in Europe won't keep him from investing. Buffett said Berkshire plans to buy two U.S. stocks Monday that it already holds to add to its stakes in those companies. (AP Photo/Nati Harnik)Billionaire Warren Buffett said Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France.


Chesapeake should be open to buyout: top investor

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To match Special Report CHESAPEAKE-MCCLENDON/LOANS(Reuters) - Chesapeake Energy Corp's largest shareholder urged the natural gas company to remain open to acquisition offers despite the weakness of its share price. In a letter to Chief Executive Aubrey McClendon, Southeastern Asset Management, holder of a 13.6 percent stake in Chesapeake, acknowledged the "dangers of opening such conversations" as the company struggles with concerns about McClendon's business dealings, on top of the low natural gas prices. ...


Police searching trunks for missing mom, daughters

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This combo image made of undated photos provided by the Mississippi Department of Public Safety shows, clockwise from top left, Jo Ann Bain and her daughters, Adrienne, 14, Kyliyah 8, and Alexandria,12. Bain and her daughters may be in Authorities searching for a Tennessee mother and her three daughters are stopping motorists in northern Mississippi and checking inside the trunks of their vehicles.


Syria holds election snubbed by opposition

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A Syrian voter casts his ballot for the parliamentary electionsSyrians voted Monday in the first "multiparty" parliamentary election in five decades, against a backdrop of violence and dismissed as a sham by the opposition and bordering on the "ludicrous" by the US.


Self-driving cars set for test drive in Nevada

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In this undated handout from the Nevada Department of Motor Vehicles, a screen capture of what a driverless car sees is shown. Nevada drivers could soon be sharing the road with driverless cars as officials with the state's Department of Motor Vehicles say they have issued Google the nation's first license to test self-driving cars on public streets. (AP Photo/Nevada Department of Motor Vehicles)Nevada drivers could soon be sharing the road with vehicles that don't need them.


Babe Ruth's suburban Boston home for sale

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This April 2012 photo released by Coldwell Banker Residential Brokerage shows a house in Sudbury, Mass., where baseball great Babe Ruth lived from 1922 to 1926, after he had been sent to the New York Yankees. The estate, known as Home Plate Farm, was put on the market Friday, May 4 2012, for $1.65 million. (AP Photo/Coldwell Banker Residential Brokerage)The suburban Boston home where Babe Ruth lived after he had been sent to the New York Yankees is for sale, and the asking price is more than Ruth made in his entire playing career.


Film academy unveils new outdoor Hollywood theater

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The film academy is opening an outdoor theater in Hollywood and inviting tourists and locals to enjoy movies there this summer.

Markets recover from shock over European elections

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In a May 3, 2012, photo, trader Ryan Falvey, left, works on the floor of the New York Stock Exchange. Wall Street is poised to open lower with Dow futures and the S&P 500 futures both 0.7 percent lower. (AP Photo/Richard Drew)After an initial shocked reaction, stock markets stabilized around the world after elections in France and Greece appeared to jeopardize Europe's plans for fighting its debt crisis.


Putin pledges unity on return to Kremlin, protesters held

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Putin is sworn in as the new Russian president during a ceremony at the Kremlin in MoscowMOSCOW (Reuters) - Vladimir Putin took the oath as Russia's president on Monday with a ringing appeal for unity at the start of a six-year term in which he faces growing dissent, economic problems and bitter political rivalries. Parliament is expected to approve to his ally Dmitry Medvedev, 46, as prime minister on Tuesday, completing a job swap that has left many Russians feeling disenfranchised two decades after the Soviet Union collapsed. ...


Simulated sex featured at ex-Italy PM party: trial

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Italy's former PM Berlusconi arrives for a meeting of the EPP in BrusselsMILAN (Reuters) - Young women simulated oral sex with a Greek statue at a party hosted by former Italian prime minister Silvio Berlusconi, a witness said on Monday at a trial where he is accused of paying for sex with an underage prostitute. Chiara Danese, a 20-year-old beauty contest winner, had tears in her eyes as she told a Milan court that Berlusconi asked the women to play sex games with a nude statue of the ancient fertility god Priapus. "He touched the girls while they simulated oral sex with the statue," she said. ...


Facebook's Zuckerberg kicks off investor show in NY

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Facebook Inc. CEO Mark Zuckerberg departs New York City's Sheraton HotelNEW YORK (Reuters) - Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network's slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company's $10 billion initial public offering. Wearing his trademark "hoodie" sweatshirt, jeans and sneakers, the 27-year-old chief executive said he would do the Instagram deal again if he had to, according to people who attended the event. Hundreds of investors attended the presentation at New York's Sheraton Hotel, which was closed to the media, on Monday. ...


Greece fails to form government amid German, EU warnings

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Greek Conservative New Democracy party's leader Antonis Samaras arrives at his headquartersGreek conservatives failed Monday to form a government, paving the way for anti-austerity leftists to try and cobble together a coalition despite Germany and EU warnings the country must stick to its bailout deal.


US consumers upped their borrowing in March

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U.S. consumers swiped their credit cards more often in March after cutting back during the previous two months. The increase helped drive overall borrowing up by the most in more than a decade.

Witness: Police in disbelief about fight with man

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A forensic specialist testified Monday that two police officers charged in the death of a mentally ill homeless man appeared in disbelief after their confrontation with the man they said refused to stop fighting.

GOP plan boosts Pentagon, cuts social programs

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FILE -- In a Dec. 7, 2011 file photo House Budget Committee Chairman Rep. Paul Ryan, R-Wis., second from right, accompanied by fellow committee members, gestures during a news conference on Capitol Hill in Washington . From left are, Rep. Diane Black, R-Tenn., Rep. Tom Price, R-Ga., Ryan, and Rep. Jason Chaffetz, R-Utah. The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a wave of budget cuts come January. (AP Photo/Manuel Balce Ceneta, file)A key House committee has voted to cut food aid, health care and social services like Meals on Wheels to protect the Pentagon from a crippling wave of budget cuts come January.


Election reflection

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Election reflectionA picture taken in Marseille, southern France, shows a drop of water that reflects a campaign poster of newly elected president Francois Hollande and a map of France emblazoned with the colors of the French flag.


U.S. hostage urges Obama to meet al Qaeda demands

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American hostage Weinstein is pictured delivering message to U.S. President Obama in this handout frame grab from video released by al Qaeda's as-SahabDUBAI (Reuters) - An American aid worker abducted by al Qaeda in Pakistan last year has pleaded with U.S. President Barack Obama to meet his captors' demands for the release of prisoners in order to save his life, in a video released by the militant group's media arm. In the short clip posted on Islamist Internet forums, Warren Weinstein, who was kidnapped in the central Pakistani city of Lahore last August, appealed to Obama to "accept and respond to the mujahideen (holy warriors)". "My life is in your hands, Mr. President. ...


Excuse me: Gassy dinosaurs helped warm Earth

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Potty humor just got prehistoric. A new study suggests that dinosaurs may have helped keep an already overheated world warmer with their flatulence and burps 200 million years ago.

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