NCAA slams Penn State, fines it $60 million

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• NCAA slams Penn State, fines it $60 million
• Oil price falls on renewed concerns about Europe
• Navy: Sub worker set fire so he could leave early
• Navy radio might be crippling Conn. garage doors
• Big Nexen option trades before deal raise eyebrows
• CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal
• AP IMPACT: Gas line safety valves resisted
• Accused Colorado shooter's mother says comment misconstrued
• At VFW, Obama defends foreign policy record
• Lawyer: Suspect family's hearts go out to victims
• Scientists: Novel TB drug combo passes first test
• Halliburton 2Q profit flat, still tops estimates
• Attacks bring Iraq's deadliest day in 2 years
• Murdoch allies await hacking charges update
• Iraqi PM orders all borders open to Syria refugees
• Elton John: 'I shouldn't be here today'
• Penn State hit with unprecedented penalties for Sandusky scandal
• Family says NCAA sanctions on Penn State "defame" Paterno's legacy
• Lawyer says Colo. suspect family stands by son
• Contempt motion dropped against Ky. teenager
• Pakistan slams visa scam claims
• Man dives off Tower Bridge in Olympic taxi protest
• 2nd triple-digit loss for Dow in 2 days
• Univ. of Colo. gets suspicious packages Monday
• Mariah Carey joins 'American Idol' as new judge
• Four dead as Spanish wildfire rages out of control
• Peyton watch in Denver headlines preseason
• Obama: Assad will be held accountable if uses chemical weapons
• US donates extra $150 million to battle AIDS
• Shooting suspect in court with orange-red hair
• Spain denies bailout needed
• Spate of attacks kills 107 across Iraq
• 2 dead in seaside cliff fall fleeing Spain fire
• US oil price sinks $3 on eurozone strains
• U.S. drone kills 12 suspected militants in Pakistan
• Correction: Colorado Shooting-Suspect story
• US committed to AIDS-free generation: Clinton
• DreamWorks buys Classic Media for $155 million
• McDonald's showing signs of tear from economy
• Mom of missing Iowa girl says she passes polygraph

NCAA slams Penn State, fines it $60 million Posted: 23 Jul 2012 01:47 PM PDT The NCAA crippled Penn State football for years to come and practically tore Joe Paterno's name out of the record books Monday, erasing 14 years of victories and imposing an unprecedented $60 million fine and other punishment over the child sexual abuse scandal.

Oil price falls on renewed concerns about Europe Posted: 23 Jul 2012 01:45 PM PDT The price of oil fell Monday as concerns increased about Europe's debt-ridden economies.

Navy: Sub worker set fire so he could leave early Posted: 23 Jul 2012 01:45 PM PDT Navy investigators say a civilian employee working as a painter and sandblaster aboard a submarine at a Maine shipyard has been charged with setting a fire that heavily damaged the vessel in May, and another near it in June.

Navy radio might be crippling Conn. garage doors Posted: 23 Jul 2012 01:44 PM PDT A radio signal being transmitted out of a submarine base is likely behind reports of garage doors failing to open and close in southeastern Connecticut, the U.S. Navy said Monday.

Big Nexen option trades before deal raise eyebrows Posted: 23 Jul 2012 01:42 PM PDT (Reuters) - A number of large, well-timed bullish bets in the options of Canadian oil producer Nexen ahead of a takeover deal announced Monday has raised eyebrows among some options market watchers, who said the activity could draw the eye of U.S. securities regulators. State-controlled CNOOC Ltd launched one of China's richest takeover bids yet by agreeing to buy Nexen Inc for $15.1 billion. All told, the bets in question would have reaped a windfall of more than $30 million in paper profits, said Trade Alert President Henry Schwartz. ...

CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal Posted: 23 Jul 2012 01:42 PM PDT HONG KONG/CALGARY (Reuters) - State-controlled CNOOC Ltd launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing Ottawa to decide whether security concerns outweigh its desire for foreign investment in its energy resources. CNOOC, China's third-largest oil company, hopes to sell the deal to shareholders and the government with a hefty 61 percent premium to Nexen's Friday stock price. It promised to retain all employees and to make Canada home base for its Western Hemisphere operations. CNOOC is offering $27. ...

AP IMPACT: Gas line safety valves resisted Posted: 23 Jul 2012 01:40 PM PDT The bulldozer was clearing land outside a day care center in Hapeville, Ga., when it broke open a buried 1-inch pipeline. The escaping gas ignited into a fireball that killed nine people, including seven children settling down for their afternoon naps.

Accused Colorado shooter's mother says comment misconstrued Posted: 23 Jul 2012 01:39 PM PDT (Reuters) - An attorney representing the family of James Holmes, the man accused in Friday's mass shooting at a Colorado movie theater, on Monday said his mother's initial comment to ABC News on the morning of the shooting has been misconstrued. Reading a statement she attributed to Arlene Holmes, San Diego-based attorney Lisa Damiani said Arlene Holmes' comment "You have the right person" to an ABC reporter referred to herself, not James Holmes as some media have suggested. ...

At VFW, Obama defends foreign policy record Posted: 23 Jul 2012 01:37 PM PDT Plunging back into divisive politics, President Barack Obama on Monday declared he has kept the United States safe while suggesting that Republican Mitt Romney has offered little to show he is ready to be commander in chief. Mere days after a massacre in Colorado silenced the campaign in deference to the grieving, the bruising fight was on again.

Lawyer: Suspect family's hearts go out to victims Posted: 23 Jul 2012 01:37 PM PDT His hair dyed a shocking comic-book shade of orange-red, the former doctoral student accused of killing moviegoers at a showing of the new Batman movie appeared in court for the first time on Monday, but he didn't seem to be there at all.

Scientists: Novel TB drug combo passes first test Posted: 23 Jul 2012 01:37 PM PDT Scientists are hot on the trail of a new tuberculosis treatment that a small study suggests might one day offer an alternative to battle this deadly lung disease, even if it's resistant to today's two main drugs.

Halliburton 2Q profit flat, still tops estimates Posted: 23 Jul 2012 01:35 PM PDT Success has a downside for Halliburton.

Attacks bring Iraq's deadliest day in 2 years Posted: 23 Jul 2012 01:34 PM PDT A startling spasm of violence shook more than a dozen Iraqi cities Monday, killing over 100 people in coordinated bombings and shootings and wounding twice as many in the country's deadliest day in more than two years.

Murdoch allies await hacking charges update Posted: 23 Jul 2012 01:34 PM PDT LONDON (Reuters) - Rupert Murdoch's former British newspaper boss and Prime Minister David Cameron's ex-media chief could find out on Tuesday whether they will be prosecuted in a phone-hacking inquiry that has shaken the British establishment. Rebekah Brooks, who ran Murdoch's UK papers and was courted by successive British leaders, is the most high profile figure to be arrested during an investigation into allegations newspapers listened to the private messages of royals, celebrities and even a teenage murder victim. ...

Iraqi PM orders all borders open to Syria refugees Posted: 23 Jul 2012 01:30 PM PDT AL-WALEED, Iraq (Reuters) - Iraqi Prime Minister Nuri al-Maliki has ordered his country's borders to be opened up to allow Syrian refugees fleeing violence at home to enter Iraq, his office said on Monday. The order - circulated to the Iraqi army, border guard forces, Red Crescent and other government officials - said preparations should be made to receive Syrians "whose extraordinary conditions in their country oblige them to change location," a statement from Maliki's office said. ...

Elton John: 'I shouldn't be here today' Posted: 23 Jul 2012 01:25 PM PDT Elton John says he should be dead because of his self-destructive lifestyle decades ago.

Penn State hit with unprecedented penalties for Sandusky scandal Posted: 23 Jul 2012 01:25 PM PDT (Reuters) - The governing body of U.S. college sports fined Penn State University $60 million and voided its football victories for the past 14 seasons in an unprecedented rebuke for the school's failure to stop coach Jerry Sandusky's sexual abuse of children. NCAA President Mark Emmert said the school had put "hero worship and winning at all costs" ahead of integrity, honesty and responsibility. ...

Family says NCAA sanctions on Penn State "defame" Paterno's legacy Posted: 23 Jul 2012 01:25 PM PDT (Reuters) - The family of Joe Paterno on Monday said the sweeping penalties handed down against Penn State University by the National Collegiate Athletic Association "defame the legacy and contributions" of the late Penn State football coach. The family decried the NCAA's decision to base their penalties, which included voiding 14 seasons of victories for the football team, on the substance of a recent report by former FBI director Louis Freeh. "The release of the Freeh report has triggered an avalanche of vitriol, condemnation and posthumous punishment on Joe Paterno," the statement said. ...

Lawyer says Colo. suspect family stands by son Posted: 23 Jul 2012 01:25 PM PDT The lawyer for family members of the Colorado theater shooting suspect says they support him.

Contempt motion dropped against Ky. teenager Posted: 23 Jul 2012 01:25 PM PDT A 17-year-old Kentucky girl who defied a court order by tweeting the names of two teenagers who pleaded guilty to sexually assaulting her won't face a contempt charge.

Pakistan slams visa scam claims Posted: 23 Jul 2012 01:21 PM PDT Pakistani sports officials Monday rubbished claims by a British newspaper to have uncovered a visa scam that could have allowed potential terrorists into the Olympic Village.

Man dives off Tower Bridge in Olympic taxi protest Posted: 23 Jul 2012 01:19 PM PDT LONDON (Reuters) - A man dived off London's historic Tower Bridge into the River Thames on Monday during a protest by taxi drivers over their exclusion from part of a special Olympic Games road network in the capital. Police pulled the man from the water under the landmark bridge, from which Olympic rings were suspended to celebrate the 2012 London Games, and arrested him on a public order offence. The Port of London Authority said the man, thought to be a taxi driver, was lucky to be alive after diving headfirst from the walkway about 8 meters (25 feet) above the water. ...

2nd triple-digit loss for Dow in 2 days Posted: 23 Jul 2012 01:15 PM PDT Stocks have fallen for a second straight day amid fear that Spain's government may need a bailout.

Univ. of Colo. gets suspicious packages Monday Posted: 23 Jul 2012 01:09 PM PDT Officials at the University of Colorado say they received two suspicious packages Monday at the Denver-area school.

Mariah Carey joins 'American Idol' as new judge Posted: 23 Jul 2012 01:08 PM PDT Mariah Carey will join "American Idol" as a judge next season, Fox announced Monday, bringing her star power to the show that remains a ratings leader but has seen its viewership and pop culture status diminish.

Four dead as Spanish wildfire rages out of control Posted: 23 Jul 2012 01:06 PM PDT Hundreds of firefighters backed by water-bombing planes battled a wind-fuelled wildfire in northeast Spain Monday that killed four people including a teenage girl.

Peyton watch in Denver headlines preseason Posted: 23 Jul 2012 01:06 PM PDT Peyton Manning has changed his ride, from a Colt to a Bronco.

Obama: Assad will be held accountable if uses chemical weapons Posted: 23 Jul 2012 01:04 PM PDT RENO, Nevada (Reuters) - U.S. President Barack Obama said on Monday that Syrian President Bashar al-Assad would be held accountable if he made the "tragic mistake" of using his stockpile of chemical weapons. "Today we're also working so that the Syrian people can have a better future, free of the Assad regime," Obama said in a speech on his foreign policy to veterans in Reno, Nevada. ...

US donates extra $150 million to battle AIDS Posted: 23 Jul 2012 01:03 PM PDT Science now has the tools to slash the spread of HIV even without a vaccine — and the U.S. is donating an extra $150 million to help poor countries put them in place, the Obama administration told the world's largest AIDS conference Monday.

Shooting suspect in court with orange-red hair Posted: 23 Jul 2012 01:03 PM PDT His hair dyed a shocking comic-book shade of orange-red, the former doctoral student accused of killing moviegoers at a showing of the new Batman movie appeared in court for the first time on Monday, but he didn't seem to be there at all.

Spain denies bailout needed Posted: 23 Jul 2012 01:02 PM PDT Spain denied Monday that it needed a full international bailout as the economy shrank even faster and its long-term borrowing costs jumped to dangerous highs panicking world markets.

Spate of attacks kills 107 across Iraq Posted: 23 Jul 2012 01:02 PM PDT BAGHDAD (Reuters) - At least 107 people were killed in bomb and gun attacks in Iraq on Monday, a day after 20 died in explosions, in a coordinated surge of violence against mostly Shi'ite Muslim targets. The bloodshed, which coincided with an intensifying of the conflict in neighboring Syria, pointed up the deficiencies of the Iraqi security forces, which failed to prevent insurgents from striking in multiple locations across the country. ...

2 dead in seaside cliff fall fleeing Spain fire Posted: 23 Jul 2012 12:59 PM PDT As a wildfire closed in on them, five members of a vacationing French family abandoned their car and stumbled through thick smoke down a steep hillside in a desperate bid to reach the waters of the Mediterranean. Instead of a beach, they found themselves at the edge of a cliff with no choice but to jump or try to climb down. Two plummeted to their deaths.

US oil price sinks $3 on eurozone strains Posted: 23 Jul 2012 12:59 PM PDT World oil prices plunged on Monday as eurozone debt strains spelled weaker demand for the commodity.

U.S. drone kills 12 suspected militants in Pakistan Posted: 23 Jul 2012 12:59 PM PDT MIRANSHAH, Pakistan (Reuters) - U.S. drone aircraft struck a militant hideout in northwest Pakistan near the border with Afghanistan on Monday, killing at least 12 suspected militants, Pakistani intelligence officials said. The drones fired several missiles at a compound in the Shawal area of the North Waziristan tribal region. Two suspected militants were wounded in the strike, officials added. Shawal is a remote area of forested ridges and valleys that spreads out on both sides of the border and has long been known as a haven for militants from Pakistan, Afghanistan and beyond. ...

Correction: Colorado Shooting-Suspect story Posted: 23 Jul 2012 12:56 PM PDT In a story July 20 and 21 about the Colorado shooting suspect, The Associated Press reported erroneously on the subject of a class presentation James Holmes was listed as making in May. The presentation was on Micro RNA Biomarkings, not Micro DNA Biomarkings.

US committed to AIDS-free generation: Clinton Posted: 23 Jul 2012 12:55 PM PDT US Secretary of State Hillary Clinton vowed Monday that the United States will step up the fight against HIV, insisting it was working towards the goal of achieving an AIDS-free generation.

DreamWorks buys Classic Media for $155 million Posted: 23 Jul 2012 12:53 PM PDT "Shrek" movie studio DreamWorks Animation SKG Inc. said Monday that it is buying Classic Media, custodian of a library of movies and TV series that includes "Casper the Friendly Ghost," ''Lassie," ''Rocky & Bullwinkle," and "The Lone Ranger."

McDonald's showing signs of tear from economy Posted: 23 Jul 2012 12:51 PM PDT Not even McDonald's Corp. has an iron stomach when it comes to the global economic downturn.

Mom of missing Iowa girl says she passes polygraph Posted: 23 Jul 2012 12:51 PM PDT After submitting to a second polygraph test, the mother of one of two missing Iowa cousins said Monday the results should prove that she had nothing to do with their disappearance and allow investigators to focus their attention elsewhere.

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