Wednesday, June 6, 2012

Albertsons to lay off up to 2,500 in Calif., Nev.

Albertsons to lay off up to 2,500 in Calif., Nev.

Albertsons to lay off up to 2,500 in Calif., Nev.

Posted: 06 Jun 2012 12:51 PM PDT

Albertsons is announcing that as many as 2,500 employees will be laid off at 247 Southern California and southern Nevada supermarkets beginning June 17.

Bernanke likely to be pressed on health of economy

Posted: 06 Jun 2012 12:51 PM PDT

When Federal Reserve Chairman Ben Bernanke visits Capitol Hill on Thursday, the most insistent question he may face is: What's going on with the economy?

Canada police: Notes found in body parts packages

Posted: 06 Jun 2012 12:48 PM PDT

The photograph of Luka Rocco Magnotta,is shown during a news conference in Montreal, Tuesday, June 5, 2012. Magnotta told a judge Tuesday he will not fight his extradition from Germany to Canada, Berlin police say. Magnotta is wanted in Canada on several charges, including first-degree murder, in connection with the killing and dismemberment of Chinese national Jun Lin. (AP Photo/Montreal Police Service via The Canadian Press)Police investigating the grisly killing of a Chinese student said Wednesday that mailed packages containing the victim's body parts also included notes.

Ethics panel says Rep. Waters was treated fairly

Posted: 06 Jun 2012 12:48 PM PDT

The House Ethics Committee concluded Wednesday that Rep. Maxine Waters' rights weren't violated in an ongoing investigation, clearing the way for the panel to determine whether the California Democrat improperly tried to steer federal money to a bank where her husband is a shareholder.

Halliburton says higher additive costs to hurt 2Q

Posted: 06 Jun 2012 12:48 PM PDT

Halliburton Co., one of the world's largest oil and gas services firms, said Wednesday that rapidly increasing costs for a product used in drilling will hurt its second quarter results.

Archie comics' 2 CEOs end their NY court fight

Posted: 06 Jun 2012 12:47 PM PDT

The two CEOs of the company that publishes Archie comics on Wednesday ended their court feud over control of the comics kingdom, but now some relatives are accusing both sides of funny business.

APNewsBreak: Ariz. sheriff defends 5 bodies case

Posted: 06 Jun 2012 12:47 PM PDT

This image provided by the Pinal County Sheriffs Office, shows the vehicle where five burned, dead bodies were found, in Pinal County's Vekol Valley area, west of Casa Grande, Ariz. The bodies were so badly burned that investigators couldn't immediately determine their gender or ethnicity. Authorities say the incident may be drug related. (AP Photo/ Pinal County Sheriffs Office)Pinal County Sheriff Paul Babeu on Wednesday responded to criticism that he was too quick to blame drug cartel violence for five bodies found burned in the desert 35 miles south of Phoenix, saying that all information at the time pointed to that scenario.

Elvis Presley joins Tupac in hologram likeness

Posted: 06 Jun 2012 12:43 PM PDT

FILE - In this undated file photo released by NBC-TV, singer Elvis Presley is shown in concert in the later part of his career. On June 6, 2012, Digital Domain Media Group announced it was creating a hologram Presley for shows, film, TV, and other projects worldwide, including appearances. Permission was granted from Elvis Presley Enterprises.(AP Photo/NBC-TV, FILE)Elvis is back in the building — the hologram version, that is.

Alaska bore tide draws surfers, viewers

Posted: 06 Jun 2012 12:43 PM PDT

The biggest bore tide of the summer roared into Turnagain Arm south of Anchorage, Alaska, on Tuesday, June 5, 2012. Here a kayaker awaits the bore tide to ride it. Bore tides can happen all over the world, but Anchorage's Turnagain Arm and Knik Arms are the only places in the United States where they occur regularly, according to Michael Lawson a meteorologist with the National Weather Service in Anchorage. (AP Photo/Ron Barta)The full moon and its alignment with the sun combined to send a short wall of water rushing back into a narrow Alaska inlet, creating the largest bore tide this year and an opportunity for surfers and kayakers to ride a rare wave to the beach.

Mass. teen guilty in texting-while-driving fatal

Posted: 06 Jun 2012 12:41 PM PDT

Defendant Aaron Deveau, 18, listens to assistant district attorney Ashlee Logan while testifying at Haverhill District Court in Haverhill, Mass. Tuesday, June 5, 2012, where he is on trial on charges of motor vehicle homicide while texting. Authorities say the then-17-year-old Deveau was texting when he crossed the center line of a Haverhill street on Feb. 20, 2011 and crashed into a vehicle driven by 55-year-old Donald Bowley of Danville, N.H., who died 18 days later in the hospital. (AP Photo/Eagle Tribune, Paul Bilodeau, Pool)A Massachusetts teenager on Wednesday became the first person in the state to be convicted of causing a fatal traffic accident while texting, and a judge sentenced him to a year in jail.

What $40,000 gets you in presidential fundraising

Posted: 06 Jun 2012 12:41 PM PDT

If you have $40,000 to spend, President Barack Obama's campaign has a deal for you.

Queen attends Commonwealth lunch without ill husband

Posted: 06 Jun 2012 12:41 PM PDT

Britain's Queen Elizabeth IIQueen Elizabeth II attended a Commonwealth lunch in London on Wednesday following her grand four-day diamond jubilee celebration, without her husband, whose condition was improving in hospital.

White House: McCain leak claim 'irresponsible'

Posted: 06 Jun 2012 12:41 PM PDT

The White House is denying claims by Republican Sen. John McCain that it orchestrated news leaks of classified information to boost President Barack Obama's re-election chances.

Barrick removes CEO on disappointing share price

Posted: 06 Jun 2012 12:40 PM PDT

Canada's Barrick Gold Corp., the world's largest gold producer, has ousted CEO and President Aaron Regent, citing its disappointing share price performance.

For some, French retirement age goes down, not up

Posted: 06 Jun 2012 12:36 PM PDT

French President Francois Hollande smiles after his weekly cabinet meeting in Elysee Palace, Paris, Wednesday, June 6, 2012. (AP Photo/Jacques Brinon)France's new Socialist government moved Wednesday to lower the retirement age from 62 to 60 years old for certain workers, bucking a global trend in a gesture to unions that critics say is a costly mistake.

Nation's unions lost big in the Wisconsin showdown

Posted: 06 Jun 2012 12:35 PM PDT

FILE - In this June 5, 2012 file photo, Wisconsin Gov. Scott Walker waves at his victory party in Waukesha, Wis. Walker's definitive victory in Wisconsin's recall election is already reverberating in other state capitols, exposing unions' diminished political muscle, vulnerability to attacks from the right and incapacity to retaliate. (AP Photo/Morry Gash, File)Gov. Scott Walker's definitive victory in Wisconsin's recall election is already reverberating in other state capitals. It exposed the shrunken political muscle of the unions that tried to oust him, underscoring their vulnerability to attacks from the right and inability to retaliate.

Shar Pei nurses 2 endangered tiger cubs in Russia

Posted: 06 Jun 2012 12:34 PM PDT

In this picture taken, Monday, June 4, 2012, Shar Pei dog Cleopatra feeds two baby tigers in the Black Sea resort of Sochi, southern Russia. Two baby tigers whose mother refused to feed them found an unusual wet nurse, a wrinkled, sand-colored Shar Pei dog named Cleopatra. The cubs were born in late May in a zoo at the October health resort in Sochi. (AP Photo/Igor Okunin)Two Siberian tiger cubs abandoned in Russia by their mother have found an unusual wet nurse — a wrinkled, sand-colored Shar Pei dog named Cleopatra, a zoo worker said Wednesday.

California gay marriage ban set for Supreme Court

Posted: 06 Jun 2012 12:33 PM PDT

The court ruled in February that the amendment violated principles of due process and equal protection under the lawA US appeals court upheld its decision to strike down a California law banning gay marriage, in the latest step in the dispute's expected path to the Supreme Court.

12-person jury, alternates chosen in Sandusky case

Posted: 06 Jun 2012 12:33 PM PDT

Former Penn State University assistant football coach Jerry Sandusky arrives for the second day of jury selection as his trial on 52 counts of child sexual abuse involving 10 boys over a period of 15 years gets underway at the Centre County Courthouse in Bellefonte, Pa., Wednesday, June 6, 2012. (AP Photo/Gene J. Puskar)A jury was selected Wednesday in the child molestation scandal that brought down Joe Paterno, and the makeup of the panel left no doubt this is Penn State country.

Spain borrowing costs ease amid crisis aid hope

Posted: 06 Jun 2012 12:33 PM PDT

Spanish Finance Minister Luis de Guindos Jurado attends a meeting of the European People's Party, at the European Parliament, Wednesday, June 6, 2012. Spain's prime minister appealed Tuesday for European leaders to push toward greater fiscal unity a step that would allow its troubled banks to get direct financial help — while a top government official warned that the country's high borrowing costs meant it faced increasing trouble accessing credit markets. (AP Photo/Yves Logghe)Spain's borrowing costs edged lower Wednesday on hopes that the European Union may be moving closer toward adopting creative measures that could alleviate the country's financial crisis and spare it the embarrassment and political damage that would come from being forced to ask for a bailout of its banking sector.

Ohio school withholds diploma because of cheering

Posted: 06 Jun 2012 12:32 PM PDT

A suburban Cincinnati high school is withholding a graduate's diploma and requiring community service as punishment for what it describes as overly boisterous cheering by his family during his graduation ceremony.

'Band of Brothers' honored on D-Day anniversary

Posted: 06 Jun 2012 12:32 PM PDT

In this picture taken on Tuesday, June 5, 2012, shows the Colorado-made statue of Pennsylvania native Maj. Dick Winters, unveiled on Wednesday, June 6, 2012 near the beaches where the D-Day invasion of France began in 1944, one of many events marking the 68th anniversary of D-Day, the Allied operation that paved the way for the end of the war. The bronze statue built near the village of Sainte Marie du Mont, is a tribute to a man whose quiet leadership was chronicled in the book and television series "Band of Brothers." (AP Photo/Remy de la Mauviniere)With World War II-era military planes darting overhead and Normandy's Utah Beach visible in the distance, a bronze statue emerged from beneath a camouflage parachute, in tribute to a man whose quiet leadership was chronicled in the book and television series "Band of Brothers."

Obama calls European leaders to urge action on debt crisis

Posted: 06 Jun 2012 12:31 PM PDT

US President Barack Obama disembarks from Air Force One at the San Francisco International AirportUS President Barack Obama called British, German and Italian leaders Wednesday to press the case for Europe to come up with an "immediate plan" to resolve the widening eurozone debt crisis.

W.Pa. groom, best man pulled over in golf cart

Posted: 06 Jun 2012 12:31 PM PDT

Police say they've pulled over a groom and his best man as they drove in a stolen golf cart from a western Pennsylvania country club wedding reception to a hotel.

DEA makes smuggling arrests in Puerto Rico airport

Posted: 06 Jun 2012 12:30 PM PDT

Drug Enforcement Administration officers escort a handcuffed suspect after his arrest on drug smuggling charges in San Juan, Puerto Rico, Wednesday, June 6, 2012. U.S. federal agents say they raided Puerto Rico's international airport and other areas early Wednesday, arresting at least 33 people suspected of smuggling millions of dollars' worth of drugs aboard commercial flights. (AP Photo/Ricardo Arduengo)U.S. federal agents swept through Puerto Rico's largest airport and other areas early Wednesday, arresting dozens of baggage handlers, airline workers and others suspected of smuggling millions of dollars' worth of cocaine aboard commercial flights for at least a decade.

Bomb targets U.S. mission in Libya's Benghazi

Posted: 06 Jun 2012 12:29 PM PDT

BENGHAZI, Libya (Reuters) - A bomb exploded outside the U.S. diplomatic mission in the Libyan city of Benghazi overnight, an attack that could be retaliation for the killing, in a U.S. drone strike, of al Qaeda's Libyan second-in-command. An improvised explosive device was dropped from a passing vehicle onto the road outside the mission, in an upmarket area of central Benghazi. It exploded moments after, slightly damaging the building's gate, U.S. and Libyan officials said. Washington had confirmed a few hours before the attack that a U.S. ...

Wisconsin result could inspire further attacks on unions

Posted: 06 Jun 2012 12:28 PM PDT

Republican Wisconsin Governor Walker celebrates his victory in the recall election against Democratic challenger and Milwaukee Mayor Barrett in Waukesha, WisconsinMILWAUKEE (Reuters) - Wisconsin Republican Governor Scott Walker's recall election victory and the vote of two California cities to curb the pensions of city workers may embolden political leaders across the country to take on labor unions, experts said on Wednesday. Walker on Tuesday survived a recall election forced by liberal critics opposed to his bold moves to limit the powers of public sector unions in a Midwestern state that could be a battleground in the November 6 presidential election. ...

Book: military feared use of taped comments

Posted: 06 Jun 2012 12:28 PM PDT

FILE - This undated photo downloaded from the Arabic language Internet site www.muslm.net and purporting to show a man identified by the Internet site as Khalid Sheik Mohammed, the accused mastermind of the Sep. 11 attacks, is seen in detention at Guantanamo Bay, Cuba. A new book says Justice Department prosecutors were stunned to learn three years ago that the U.S. military had secretly tape recorded incriminating comments that alleged 9/11 mastermind Khalid Sheikh Mohammed made to fellow detainees during daily prison yard conversations but was not planning to use them at military tribunals. . (AP Photo/www.muslm.net)A new book says Justice Department prosecutors were stunned to learn three years ago that the U.S. military had secretly tape recorded incriminating comments that alleged 9/11 mastermind Khalid Sheikh Mohammed made to fellow detainees during daily prison yard conversations but was not planning to use them at military tribunals.

Brazilian president OKs 2014 World Cup guarantees

Posted: 06 Jun 2012 12:27 PM PDT

Brazilian President Dilma Rousseff signed into law a contentious bill giving FIFA the required guarantees to organize the 2014 World Cup on Wednesday, but one of her vetoes will force soccer's governing body to negotiate the sale of discounted tickets with the states and cities.

Dow leaps, turns positive for 2012

Posted: 06 Jun 2012 12:27 PM PDT

Getco Securities traders Philip Finale, left, and its floor official Peter Giacchi, right, work on the floor of the New York Stock Exchange on Wednesday, June 6, 2012. A 200-point charge Wednesday turned the Dow Jones industrial average positive for the year following a dismal stretch in May (AP Photo/Bebeto Matthews)A 200-point charge turned the Dow Jones industrial average positive for the year following a dismal stretch in May.

Romney: Voters backed conservative values in Wis.

Posted: 06 Jun 2012 12:27 PM PDT

Mitt Romney said Wednesday that conservatives should be emboldened by the failed attempt to recall Wisconsin's Republican governor. He also said the favorable outcome for Republicans could offer a dose of hope for his presidential campaign.

Regulator: JPMorgan had 'inadequate' risk controls

Posted: 06 Jun 2012 12:14 PM PDT

Board of Governors of the Federal Reserve System member Daniel Tarullo, testifies on Capitol Hill, in Washington Wednesday, June 6, 2012, before the Senate Banking Committee hearing on "Implementing Wall Street Reform: Enhancing bank supervision and reducing systemic risk" . (AP Photo/Manuel Balce Ceneta)A top federal regulator says JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss.

Nasdaq sets aside $40M for Facebook investors

Posted: 06 Jun 2012 12:07 PM PDT

FILE- This Wednesday, May 23, 2012, file photo, shows the pre-market price for Facebook at the Nasdaq MarketSite in New York. The Nasdaq stock exchange said Wednesday that it plans to hand out $40 million in cash and credit to reimburse investment firms that got ensnared by technical problems with trading Facebook stock. (AP Photo/Mark Lennihan, File)The Nasdaq stock exchange said Wednesday that it plans to hand out $40 million in cash and credit to reimburse investment firms that got ensnared by technical problems with trading Facebook stock.

Nadal rolls again at French Open; Ferrer next

Posted: 06 Jun 2012 12:05 PM PDT

Rafael Nadal of Spain celebrates winning his quarter final match against compatriot Nicolas Almagro at the French Open tennis tournament in Roland Garros stadium in Paris, Wednesday June 6, 2012. Nadal won in three sets 7-6, 6-2, 6-3. (AP Photo/Bernat Armangue)A rain shower stopped play at Roland Garros for a minute or two in the middle of Rafael Nadal's quarterfinal.

Nasdaq offers $40 million to cover Facebook losses, short of claims

Posted: 06 Jun 2012 12:04 PM PDT

The Nasdaq logo is seen on the exterior of the Nasdaq MarketSite as a headline about the Facebook stock scrolls on the Times Square Newsticker, in New York(Reuters) - Nasdaq OMX Group Inc said it will offer cash and rebates totaling $40 million to compensate clients affected by the problems with Facebook Inc's initial public offering, an amount well short of the losses claimed by top market makers for the IPO. After approval by regulators, Nasdaq said on Wednesday, $13.7 million would be paid to its affected member firms and the balance would be credited to members to reduce trading costs, with all benefits expected to be awarded within six months. ...

LinkedIn investigating reports of stolen passwords

Posted: 06 Jun 2012 12:04 PM PDT

FILE - In this May 9, 2011 file photo, LinkedIn Corp., the professional networking Web site, displays its logo outside of headquarters in Mountain View, Calif. LinkedIn said Wednesday, June 6, 2012, it is investigating reports that more than six million passwords have been stolen and leaked onto the Internet. (AP Photo/Paul Sakuma, file)Business social network LinkedIn said it is investigating reports that more than six million passwords have been stolen and leaked onto the Internet.

Ray Bradbury, author of 'Fahrenheit 451,' dies

Posted: 06 Jun 2012 12:01 PM PDT

FILE - This Nov. 15, 2000 file photo shows science fiction writer Ray Bradbury at the National Book Awards in New York where he was given the Medal for Distinguished Contribution to American Letters. Bradbury, who wrote everything from science-fiction and mystery to humor, died Tuesday, June 5, 2012 in Southern California. He was 91. (AP Photo/Mark Lennihan, file)Ray Bradbury anticipated iPods, interactive television, electronic surveillance and live, sensational media events, including televised police pursuits — and not necessarily as good things.

Key dates in the life and work of Ray Bradbury

Posted: 06 Jun 2012 11:58 AM PDT

FILE - This Jan. 29, 1997 file photo shows author Ray Bradbury at a signing for his book "Quicker Than The Eye" in Cupertino, Calif. Bradbury, who wrote everything from science-fiction and mystery to humor, died Tuesday, June 5, 2012 in Southern California. He was 91. (AP Photo/Steve Castillo, file)Some key dates from the life and work of Ray Bradbury:

EU seeks to shield taxpayers from bank failures

Posted: 06 Jun 2012 11:56 AM PDT

European Commissioner for Internal Market and Services Michel Barnier addresses the media on a new framework for bank recovery and resolution, at the European Commission headquarters in Brussels, Wednesday, June 6, 2012. (AP Photo/Yves Logghe)European officials proposed Wednesday a new system of financial regulations that aims to keep bank failures from costing taxpayers billions and bankrupting governments.

Carrier defends itself over Nigeria plane crash

Posted: 06 Jun 2012 11:53 AM PDT

Rescue workers watch , Wednesday, June 6, 2012 as a crane lift the wreckage of a plane crash in Lagos, Nigeria. A Nigerian airline whose airplane crashed in the country's largest city, killing 153 on board and more on the ground, defended itself Wednesday against growing public criticism, saying its own chief engineer died on the doomed flight..(AP Photo/Sunday Alamba)A Nigerian airline whose airplane crashed in the country's largest city, killing 153 on board and more on the ground, defended itself Wednesday against growing public criticism, saying its own chief engineer died on the doomed flight.
Posted by Harshad at 1:04 PM

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