Hedge founder gets 11 years in insider trade probe (AP)

Hedge founder gets 11 years in insider trade probe (AP)
Obama: US can support allegations against Iran (AP)
Senate Republicans offer their own jobs bill (AP)
Panetta: Cutting too deep would devastate military (AP)
Protesters suspicious of plan to clean up NYC park (AP)
FACT CHECK: Perry miscasts Romney health plan (AP)
Salon suspect's ex-wife claimed abuse, instability (AP)
Twin explosions in Baghdad kill 17 people (AP)
Conn. man convicted in deadly '07 home invasion (AP)
Ancient art supplies found in South African cave (AP)
Rajaratnam gets 11-year prison sentence (Reuters)
Google boosts profit, revenue in third quarter (Reuters)
Obama says Iran to face toughest possible sanctions (Reuters)
JPMorgan Q3 net falls; bank eyes expenses (Reuters)
Rich world economic malaise to endure into 2012: Reuters poll (Reuters)
Economy shows signs of improvement (Reuters)
Analysis: Return of the pink slip? Risk of layoffs rising (Reuters)
Who's behind the Wall St. protests? (Reuters)
With guilty plea, underwear bomber cuts short intriguing terror trial (The Christian Science Monitor)
Why Topeka, Kan., repealed its ban on domestic violence (The Christian Science Monitor)

Posted: 13 Oct 2011 01:22 PM PDT

AP - A former billionaire described by the government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever but far short of the two decades sought by prosecutors.

Obama: US can support allegations against Iran (AP)

Posted: 13 Oct 2011 01:05 PM PDT

AP - President Barack Obama said Thursday that the U.S. will make sure that Iranian officials are held accountable for "reckless behavior" in what he said was their direct role in an alleged assassination plot against the Saudi Arabian ambassador in the United States.

Senate Republicans offer their own jobs bill (AP)

Posted: 13 Oct 2011 01:00 PM PDT

AP - Senate Republicans introduced legislation Thursday aimed at creating jobs by overhauling the nation's tax laws, cutting business rules and boosting offshore oil exploration.

Panetta: Cutting too deep would devastate military (AP)

Posted: 13 Oct 2011 01:00 PM PDT

AP - Defense leaders and members of Congress drew a line in the sand Thursday, saying the Pentagon must be spared from any budget cuts beyond an initial plan to slash at least $450 billion over the next 10 years.

Protesters suspicious of plan to clean up NYC park (AP)

Posted: 13 Oct 2011 01:06 PM PDT

AP - The owner of the private park where Wall Street protesters are camped out gave them notice Thursday that after it power-washes the space it will begin enforcing regulations, which prohibit everything from lying down on benches to storing personal property on the ground.

FACT CHECK: Perry miscasts Romney health plan (AP)

Posted: 13 Oct 2011 01:06 PM PDT

AP - Mitt Romney's rivals are trying to tie him to President Barack Obama's national health care overhaul, but they're getting tangled up themselves in the process.

Salon suspect's ex-wife claimed abuse, instability (AP)

Posted: 13 Oct 2011 01:06 PM PDT

AP - The ex-wife of the man suspected of killing eight people in a shooting rampage at a hair salon claimed in court papers filed this year that he was mentally unstable and had threatened to kill himself or someone else at least once.

Twin explosions in Baghdad kill 17 people (AP)

Posted: 13 Oct 2011 01:04 PM PDT

AP - Two explosions in a Shiite neighborhood of eastern Baghdad killed 17 people and wounded around 50 others Thursday night, Iraqi officials said.

Conn. man convicted in deadly '07 home invasion (AP)

Posted: 13 Oct 2011 01:12 PM PDT

AP - A man was convicted Thursday of murdering a woman and her two daughters in a gruesome 2007 home invasion in which family members were tied up, molested, doused in gas and left to die in a fire. He now faces a possible death sentence.

Ancient art supplies found in South African cave (AP)

Posted: 13 Oct 2011 11:48 AM PDT

AP - Researchers in South Africa have discovered what may have been the world's earliest artist's studio. A 100,000-year-old workshop used to mix and store the reddish pigment ochre has been discovered in Blombos Cave on the rugged southern coast near Cape Town. At the same site, scientists have found some of the earliest sharp stone tools, as well as evidence of fishing.

Rajaratnam gets 11-year prison sentence (Reuters)

Posted: 13 Oct 2011 11:30 AM PDT

Reuters - Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered to serve 11 years in prison, the longest sentence ever in an insider-trading case but far less than prosecutors sought.

Google boosts profit, revenue in third quarter (Reuters)

Posted: 13 Oct 2011 01:14 PM PDT

Reuters - Google Inc boosted its net revenue by 37 percent in the third quarter to $7.51 billion, beating Wall Street expectations.

Obama says Iran to face toughest possible sanctions (Reuters)

Posted: 13 Oct 2011 12:10 PM PDT

Reuters - President Barack Obama warned Iran on Thursday it would face the toughest possible sanctions for an alleged plot to kill the Saudi ambassador to Washington, as officials eyed action against its central bank.

JPMorgan Q3 net falls; bank eyes expenses (Reuters)

Posted: 13 Oct 2011 11:19 AM PDT

Reuters - JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand for securities underwriting and acquisition advice.

Rich world economic malaise to endure into 2012: Reuters poll (Reuters)

Posted: 13 Oct 2011 10:36 AM PDT

Reuters - Stagnation is probably the best many of the world's biggest developed economies can hope for over the next year, with several facing a significant chance of recession, Reuters polls of around 350 economists showed on Thursday.

Economy shows signs of improvement (Reuters)

Posted: 13 Oct 2011 01:13 PM PDT

Reuters - The number of Americans filing new claims for jobless benefits dipped last week and the U.S. trade deficit narrowed slightly in August, signs that point to a slight strengthening in growth.

Analysis: Return of the pink slip? Risk of layoffs rising (Reuters)

Posted: 13 Oct 2011 08:02 AM PDT

Reuters - From Capitol Hill and Wall Street to small towns across the United States, discussions of the economy have focused on one key question for the past two years: When will corporate America start hiring again?

Who's behind the Wall St. protests? (Reuters)

Posted: 13 Oct 2011 08:09 AM PDT

Reuters - Anti-Wall Street protesters say the rich are getting richer while average Americans suffer, but the group that started it all may have benefited indirectly from the largesse of one of the world's richest men.

With guilty plea, underwear bomber cuts short intriguing terror trial (The Christian Science Monitor)

Posted: 12 Oct 2011 04:37 PM PDT

The Christian Science Monitor - A Nigerian man accused of concealing a bomb in his underwear to destroy a commercial jetliner on Christmas Day 2009 pleaded guilty to all eight counts in his indictment on Wednesday.

Why Topeka, Kan., repealed its ban on domestic violence (The Christian Science Monitor)

Posted: 12 Oct 2011 03:52 PM PDT

The Christian Science Monitor - The debate over who would pay for prosecuting domestic-battery crimes in Topeka, Kan., which raised issues about what services should be sacrificed to budget cuts, was resolved Wednesday, at least temporarily.