Tuesday, July 3, 2012

U.S., Pakistan reach deal to reopen Afghan supply routes

U.S., Pakistan reach deal to reopen Afghan supply routes


U.S., Pakistan reach deal to reopen Afghan supply routes

Posted: 03 Jul 2012 12:51 PM PDT

A man walks across the tops of fuel tankers, which were used to carry fuel for NATO forces in Afghanistan, parked at a compound in KarachiWASHINGTON/ISLAMABAD (Reuters) - Pakistan and the United States reached a deal on Tuesday to reopen land routes that NATO uses to supply troops in Afghanistan, ending a seven-month crisis that damaged ties between the two countries and complicated the U.S.-led Afghan war effort. U.S. Secretary of State Hillary Clinton, in a telephone call with Pakistani Foreign Minister Hina Rabbani Khar, apologized for a November NATO air strike which killed 24 Pakistani soldiers last November and prompted an infuriated Islamabad to slam the supply routes closed. ...


Deena from 'Jersey Shore': I didn't use sidewalk

Posted: 03 Jul 2012 12:50 PM PDT

"Jersey Shore" cast member Deena Cortese, center, walks with her attorney Michael Pappa, left, in court after a hearing Tuesday, July, 3, 2012, in Seaside Heights, N.J. The "Jersey Shore" cast member was in Seaside Heights municipal court on a change of interfering with traffic for an incident in which police say she was dancing in a street and blocking the flow of traffic. Cortese pleaded guilty to failing to use the sidewalk and paid a $106 fine.(AP Photo/Mel Evans)"Jersey Shore" cast member Deena Cortese got a costly reminder Tuesday of a lesson parents tell their children: Make sure you stay on the sidewalk.


Female F1 test driver seriously injured in crash

Posted: 03 Jul 2012 12:45 PM PDT

FILE - In this Thursday, March 15, 2012 file photo, Marussia test driver Maria de Villota of Spain poses for a photo ahead of the Australian Formula One Grand Prix at Albert Park in Melbourne, Australia. Formula One test driver Maria De Villota has been seriously injured after her racing car collided with a team support truck at an airfield in southern England, Tuesday July 3, 2012. (AP Photo/Rob Griffith, file)A Formula One test driver is facing life-threatening injuries after her car smashed into a team vehicle Tuesday during testing at a British airfield.


Carmakers report strong June sales, easing worries

Posted: 03 Jul 2012 12:44 PM PDT

FILE- In this Sunday, June 24, 2012, file photo a new Dodge RAM 1500 pickup truck is for sale at an auto dealership in Springfield, Ill. Chrysler reported Tuesday, July 3, 2012, that U.S. sales rose 20 percent, its best June in five years, thanks to demand across its lineup (AP Photo/Seth Perlman, File)From mini cars to monster pickups, sales of new cars and trucks surged in June, and eased concerns that Americans would be turned off by slower hiring and other scary headlines.


Suter's agent responds to critics of his client

Posted: 03 Jul 2012 12:43 PM PDT

FILE - In this April 3, 2012, file photo, New Jersey Devils' Zach Parise waits for action to resume during his 500th career NHL hockey game in the second period against the New York Islanders in Newark, N.J. Parise is closing in on his decision for what team he will call home next season as he works through the free agency process after not immediately re-signing with the Devils, according to the Canadian Press on Monday, July 2. (AP Photo/Julio Cortez, File)Zach Parise needed at least another night of sleep before picking a team to play for next season.


1.26 million still powerless after broad US storm

Posted: 03 Jul 2012 12:42 PM PDT

Trees lie in the middle of Lake Ave. in Baltimore on Monday July 2, 2012, after a severe storm swept through the region late Friday. Power outages left many to contend with stifling homes and spoiled food over the weekend as temperatures approached or exceeded 100 degrees.(AP Photo/Jose Luis Magana)Utility crews struggled to catch up with a backlog of millions of people without electricity for a fourth hot day Tuesday as frustration grew and authorities feared the toll of 24 storm deaths could rise because of stifling conditions and generator fumes.


Cyprus starts bailout talks with EU, IMF officials

Posted: 03 Jul 2012 12:40 PM PDT

Cyprus began talks Tuesday with the European Union and the International Monetary Fund to gauge how much bailout money it may need to prop up banks weighed down by their huge exposure to Greek debt.

BOE declines comment on Barclays' Tucker memo

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - The Bank of England declined to comment on an internal memo from Barclays bank about a conversation between Bob Diamond, who on Tuesday quit his position as the lender's CEO, and BoE deputy governor Paul Tucker. A spokesman for the central bank said the BoE would not comment on the memo. Barclays said it was told in October 2008 by Tucker that it did not have to submit its Libor interest rates as high as it had done, according to an internal memo sent by Diamond, the then head of its investment bank. (Reporting by Sven Egenter; Editing by John Stonestreet)

Barclays was told by BoE to lower Libor rates submitted

Posted: 03 Jul 2012 12:36 PM PDT

LONDON, July 3 (Reuters) - Barclays said it was told in October 2008 by the deputy governor of the Bank of England that it did not have to submit its Libor interest rates as high as it had done, according to an internal memo sent by investment bank boss Bob Diamond at the time. Deputy Governor Paul Tucker had said senior figures in Whitehall had raised the issue of Barclays' high Libor submissions at that time. The internal memo sent by Diamond to John Varley, then chief executive officer, and dated Oct. ...

Barclays faces tough search for next Diamond

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays Plc has few obvious candidates who would be able to restore the British bank's tarnished image after the departure of Chief Executive Bob Diamond. With Chairman Marcus Agius also set to leave following Barclays' record-breaking fine for attempting to manipulate interbank lending rates, the bank has to fill its top two roles. Potential replacements with Diamond's tough business acumen - and the ability to repair Barclays' image - are few and far between, analysts, bankers and investors said, signalling uncertainty ahead for all concerned. ...

Barclays says spends 100 million pound on Libor probe

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays has spent almost 100 million pounds ($157 million) on a three-year internal investigation into how it had submitted inaccurate Libor interest rate prices in a scandal that has prompted its chairman, chief executive and chief operating officer to quit. "The bank has invested nearly 100 million pounds to ensure that no stone has been left unturned," the bank said on Tuesday in documents released ahead of the appearance of Bob Diamond, who resigned as CEO on Tuesday, before British lawmakers on Wednesday. ...

Barclays CEO Diamond quits over rate rigging

Posted: 03 Jul 2012 12:36 PM PDT

File photo of Barclays PLC President Diamond waiting to pose for photographs after being named as the company's next chief executive officer in LondonLONDON (Reuters) - Barclays chief executive Bob Diamond quit on Tuesday under fire from politicians and regulators as the bank defended its actions in an interest rate-rigging scandal involving a dozen banks and which threatens to drag in government and the Bank of England. "The external pressure placed on Barclays has reached a level that risks damaging the franchise - I cannot let that happen," said Diamond, 61. ...


Barclays sees more disciplinary action for traders

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays Plc said disciplinary action loomed for traders at the bank after an interest rate-rigging scandal that cost its boss his job, according to a document prepared for a parliamentary hearing this week. "We are conducting a review of each individual's conduct to assess their accountability and to determine appropriate action. The full range of tools will be made available within this review," Barclays said in the document. ...

Obama to sign student loan, road building bill

Posted: 03 Jul 2012 12:34 PM PDT

President Barack Obama on Friday plans to sign into law legislation that prevents interest rate increases on new loans to millions of college students and maintains jobs on transportation projects across the nation.

SAfrica: Chimps who attacked US student to live

Posted: 03 Jul 2012 12:33 PM PDT

This undated photo provided by the Facebook group HelpAndrewOberle shows graduate student Andrew Oberle observing chimps. Doctors are reporting improvement in the condition of Oberle, who was attacked by chimps he was studying in South Africa. (AP Photo/HelpAndrewOberle)Two adult chimpanzees that viciously attacked a U.S. student at a primate sanctuary in South Africa were defending their territory and will be allowed to live, the lead government investigator said Tuesday.


Galapagos' new star tortoise a prolific dad

Posted: 03 Jul 2012 12:30 PM PDT

This undated photo released by Galapagos National Park shows tortoise Diego at Galapagos National Park. Diego is another centenarian reptile, but unlike Lonesome George who was not able to reproduce, Diego has sired hundreds of offspring. Galapagos National Park authorities say it is impossible to know Diego's age, but they believe he is well over 100 and estimate Diego is the father of 40 to 45 percent of the 1,781 tortoises born in the breeding program. (AP Photo/Galapagos National Park)Lonesome George's inability to reproduce made him a global symbol of efforts to halt the disappearance of species. And while his kind died with him, that doesn't mean the famed giant tortoise leaves no heir apparent.


Paper maps: Amid GPS boom, nostalgia finds a place

Posted: 03 Jul 2012 12:28 PM PDT

In this Monday, April 9, 2012 photo a scant rack of road maps is seen at a gas station/mini mart in Solon, Ohio on. Colorful maps bearing the logos of the oil companies that printed them _ names like Texaco, Gulf, Esso _ once brimmed from displays at filling stations, free for the taking. (AP Photo/Amy Sancetta)Used to be, Dad would stuff a half-dozen maps in the glove box before setting out with the family on a road trip to see the waterfalls at Yosemite or the granite faces of Mount Rushmore. Colorful maps bearing the logos of the oil companies that printed them — names like Texaco, Gulf, Esso — once brimmed from displays at filling stations, free for the taking.


Police raid Sarkozy's home in funding probe

Posted: 03 Jul 2012 12:26 PM PDT

Journalists stand in front of the entrance of a building housing the new offices of former French President Nicolas Sarkozy in ParisPARIS (Reuters) - Police raided the home and offices of former French president Nicolas Sarkozy on Tuesday as part of a judicial inquiry into financial relations between his political camp and the richest woman in France, L'Oreal heiress Liliane Bettencourt. It was Sarkozy's first legal tangle since he was unseated in a May 6 election after five years in office, during which he enjoyed presidential immunity from legal pursuit. That cover expired in mid-June. ...


Iran reports long-range missile launch in exercise

Posted: 03 Jul 2012 12:24 PM PDT

In this photo provided by the Iranian Students News Agency (ISNA), a surface-to-surface missile is launched during the Iranian Revolutionary Guards maneuver in an undisclosed location in Iran, Tuesday, July 3, 2012. Iran's powerful Revolutionary Guards test fired several ballistic missiles on Tuesday, including a long-range variety capable of hitting U.S. bases in the region as well as Israel, Iranian media reported. (AP Photo/ISNA, Alireza Sot Akbar) THE ASSOCIATED PRESS HAS NO WAY OF INDEPENDENTLY VERIFYING THE CONTENT, LOCATION OR DATE OF THIS IMAGE.Iran's powerful Revolutionary Guards test fired several ballistic missiles on Tuesday, including a long-range variety meant to dissuade Israel and the U.S. from attacking the Islamic Republic, local media reported.


Essence Fest kicks off Thursday with youth acts

Posted: 03 Jul 2012 12:24 PM PDT

FILE - This Jan. 10, 2012 file photo shows Coco Jones arriving at Disney ABC Television Group Television Critics Association Winter Press Tour red carpet event in Pasadena, Calif. Jones, star of the Disney Channel movie, "Let it Shine," will participate in the Essence Music Festival in New Orleans on Thursday, July 5. (AP Photo/Katy Winn, file)One of the premier music festivals celebrating black culture and music is branching out, extending its footprint in its 18th year to embrace the next generation of artists while still trumpeting industry veterans such as Aretha Franklin.


Fights break out at Syrian opposition meeting in Cairo

Posted: 03 Jul 2012 12:22 PM PDT

CAIRO (Reuters) - A meeting of Syria's splintered opposition in Cairo on Tuesday descended into scuffles and fistfights that will dishearten Western leaders calling for unity against Bashar al-Assad. A Syrian Kurdish group quit the meeting, sparking mayhem and cries of "scandal, scandal" from some delegates. Women wept as men traded blows, and staff of the hotel used for the meeting hurriedly removed tables and chairs as the scuffles spread. ...

Double blow for Indian doubles at Wimbledon

Posted: 03 Jul 2012 12:21 PM PDT

Mahesh Bhupathi and Rohan Bopanna (R)India's plans for Olympic tennis glory suffered a blow on Tuesday as key doubles partnership Mahesh Bhupathi and Rohan Bopanna were knocked out of Wimbledon, along with top doubles player Leander Paes.


Factbox: Andy Griffith's key film, TV roles

Posted: 03 Jul 2012 12:21 PM PDT

LOS ANGELES (Reuters) - Actor Andy Griffith, whose portrayal of a small-town sheriff in the 1960s made "The Andy Griffith Show" one of television's most enduring shows, died on Tuesday at his North Carolina home. He was 86. Below is a list of some of Griffith's most notable roles in film and on television: - 1957, film "A Face In The Crowd" as Larry 'Lonesome' Rhodes. - 1960, TV show "The Danny Thomas Show" as Sheriff Andy Taylor. - 1960-1968, TV show "The Andy Griffith Show" as Sheriff Andy Taylor. - 1968-1969, TV show "Mayberry R.F.D." as Sheriff Andy Taylor. ...

Military: 4 crewmen dead in C-130 air tanker crash

Posted: 03 Jul 2012 12:20 PM PDT

Crews at the base stand by as smoke rises from the Shingle Fire east of Cedar City, Utah, on Monday, July 2, 2012. Evacuations were ordered as the 500-acre wildfire that broke out Sunday threatened about 100 cabins inside Dixie National Forest. In all, 10 wildfires were burning Monday across Utah. (AP Photo/The Deseret News, Scott G Winterton)Air Force C-130 tankers will resume firefighting flights Tuesday after the crash of another tanker plane over the weekend that left four crew members dead and two others seriously injured, the military said.


Duke, Progress complete merger; Progress CEO out

Posted: 03 Jul 2012 12:18 PM PDT

Duke Energy Corp. and Progress Energy Inc. said Tuesday they had completed their merger now valued at about $32 billion to form the nation's largest electric company. But the normally routine event came with a twist.

Judge rules against SEC in Stanford claims case

Posted: 03 Jul 2012 12:15 PM PDT

Convicted financier Allen Stanford, who faces up to 230 years in prison for his $7 billion Ponzi scheme, arrives at Federal Court in Houston for sentencingWASHINGTON (Reuters) - A federal district judge on Tuesday delivered a blow to the victims of Allen Stanford's $7 billion Ponzi scheme, rejecting a request for an industry-backed fund to start a court proceeding that could lead to victim compensation. The Securities and Exchange Commission had sought to force the Securities Investor Protection Corp to start liquidation proceedings for the victims, some of whom lost millions of dollars to the fraud. The judge found that the SEC did not meet its legal burden of showing why SIPC should be compelled to act. ...


Dominican Republic bets on gold to boost economy

Posted: 03 Jul 2012 12:15 PM PDT

In this photo taken March 20, 2012, a truck drives along a hill of Pueblo Viejo mine in the Sanchez Ramirez province, about 60 miles (100 kms) northwest of Santo Domingo, Dominican Republic. One of the world's largest gold mining operations, run by a joint venture of Canadian companies Barrick Gold and Goldcorp, is about to open in the Dominican Republic, where the industry has a toxic legacy of pollution that stained rivers a searing red and failed to lift the fortunes of this largely poor country. (AP Photo/Manuel Diaz) DOMINICAN REPUBLIC OUT - NO USAS EN REPUBLICA DOMINICANAOne of the world's largest gold mining operations is about to open in the Dominican Republic, where the industry has a toxic legacy of pollution that stained rivers a searing red and failed to lift the fortunes of this largely poor country.


Serena tops defending champ Kvitova at Wimbledon

Posted: 03 Jul 2012 12:14 PM PDT

Serena Williams of the United States follows the ball during a quarterfinals match against Petra Kvitova of the Czech Republic at the All England Lawn Tennis Championships at Wimbledon, England, Tuesday, July 3, 2012. (AP Photo/Anja Niedringhaus)The sounds were new to Serena Williams, and the feeling on Centre Court was different. The result, though, was quite familiar.


Calif. city councilman faces sex offense charges

Posted: 03 Jul 2012 12:13 PM PDT

A Southern California city councilman has been charged with sexually assaulting seven women when he was a high-ranking county executive in what prosecutors said Tuesday was an abuse of power and public trust.

UN drug agency head slams anti-Jewish Iran remarks

Posted: 03 Jul 2012 12:13 PM PDT

The head of the U.N.'s drug fighting agency and the U.S. State Department have criticized anti-Jewish remarks made by an Iranian vice president last week.

Peru's ambitious laptop program gets mixed grades

Posted: 03 Jul 2012 12:11 PM PDT

In this June 8, 2012 photo, students use a laptop at the Jose Maria public school in a shantytown on the outskirts of Lima, Peru. Peru has sent more than 800,000 laptop computers children across the country, one of the world's most ambitious efforts to leverage digital technology in the fight against poverty. Yet five years into the program, there are serious doubts about whether the largest single deployment in the One Laptop Per Child initiative was worth the more than $200 million that Peru's government spent. (AP Photo/Karel Navarro)Peru's distribution of more than 800,000 low-cost laptop computers to children across the country easily ranks as one of the world's most ambitious efforts to leverage digital technology in the fight against poverty.


Iraq bombs kill 40; officials eye security bribes

Posted: 03 Jul 2012 12:10 PM PDT

Bombing victims are taken for burial in Najaf, 100 miles (160 kilometers) south of Baghdad, Iraq, Tuesday, July 3, 2012. Market bombings and other attacks across Iraq killed and wounded scores of people on Tuesday, and one senior intelligence figure said he could not rule out that guards may have taken bribes to allow terrorists to penetrate security during a Shiite pilgrimage. (AP Photo/Alaa al-Marjani)Bombs pounded six Iraqi cities and towns Tuesday, killing at least 40 people and raising suspicion that security forces might be assisting terrorists in launching attacks on Shiite Muslims.


German state intel chief fired over neo-Nazi case

Posted: 03 Jul 2012 12:08 PM PDT

The head of a German state intelligence agency is being fired over the botched handling of investigations into a neo-Nazi group believed to have killed 10 people over several years.

Market bombs kill 44 before Iraqi Shi'ite ritual

Posted: 03 Jul 2012 12:07 PM PDT

Residents look at damaged vehicles at the site of a bomb attack in a market in DiwaniyaDIWANIYA, Iraq (Reuters) - Bombs killed at least 44 people at markets in Iraq on Tuesday, and authorities said they bore the hallmarks of sectarian attacks on Shi'ite Muslims by al Qaeda Sunni militants. A bomb in a small truck exploded in a market in the city of Diwaniya, killing 40 people, and other blasts killed four more near the city of Kerbala, police and officials said. The Diwaniya bombing was near a Shi'ite mosque where pilgrims gather on their way to Kerbala to celebrate the birthday of one of their most important imams, al-Mahdi, this week. ...


Mass. health law may bode well for federal law

Posted: 03 Jul 2012 12:03 PM PDT

FILE - In this June 28, 2012, file photo Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks about the Supreme Court's health care ruling near the U.S. Capitol in Washington. In promoting the health care law, President Barack Obama is repeating his persistent and unsubstantiated assurance that Americans who like their health insurance can simply keep it. Romney says quite the opposite, but his doomsday scenario is a stretch. (AP Photo/Charles Dharapak, File)Massachusetts has the nation's highest rate of residents with health insurance. Visits to emergency rooms are beginning to ease. More residents are getting cancer screenings and more women are making prenatal doctors' visits.


Expelled priest turns diplomat for Syrian opposition

Posted: 03 Jul 2012 12:00 PM PDT

CAIRO (Reuters) - An Italian priest may seem an unlikely champion of Syrian national unity, yet Paolo Dall'Oglio's efforts to bridge deep sectarian divisions have gained him a following among a people shattered by conflict. Bashar al-Assad's government expelled Dall'Oglio last month, three decades after he revived a monastery on a rocky outcrop overlooking the Syrian desert that became a centre for dialogue between the country's myriad ethnic and religious communities. Nouri al-Jarrah, a London-based Syrian poet, called the expulsion a "shameful act". ...

Nigeria signs $4.5B deal to build 6 refineries

Posted: 03 Jul 2012 11:59 AM PDT

A $4.5 billion deal to build six refineries in Nigeria is set to make Africa's top oil producer less reliant on exports for oil products, authorities say.

Beloved actor Andy Griffith dies in NC at age 86

Posted: 03 Jul 2012 11:58 AM PDT

FILE - This Oct. 28, 2003 file photo shows actor Andy Griffith sitting in front of a bronze statue of Andy and Opie from the "Andy Griffith Show," after the unveiling ceremony in Raleigh, N.C. Griffith, whose homespun mix of humor and wisdom made "The Andy Griffith Show" an enduring TV favorite, died Tuesday, July 3, 2012 in Manteo, N.C. He was 86. (AP Photo/Bob Jordan, File)It was all too easy to confuse Andy Griffith the actor with Sheriff Andy Taylor, his most famous character from "The Andy Griffith Show."


Boeing expects market for 34K new planes

Posted: 03 Jul 2012 11:57 AM PDT

Boeing is raising its 20-year prediction for worldwide airplane sales to 34,000 jets, enough to double the size of the world's fleet, as more people travel in China, India, and other emerging markets.

Scorching heat roasts eastern United States

Posted: 03 Jul 2012 11:56 AM PDT

An uprooted tree with its trunk resting on a house, is pictured in Silver SpringWASHINGTON (Reuters) - Nearly 1.4 million homes and businesses in the eastern United States remained without power amid a heat wave on Tuesday, and storm damage forced many Fourth of July celebrations to be canceled. Violent weekend storms and days of record heat have killed at least 22 people in the United States since Friday. Some died when trees fell on their homes and cars, and heat stroke killed others. Utilities warned that some people could be without power - and unable to run their air conditioners - for the rest of the week. More than 1. ...


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