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Wednesday, March 21, 2012

Exclusive: Developing nations to name 2 candidates for World Bank

Exclusive: Developing nations to name 2 candidates for World Bank


Exclusive: Developing nations to name 2 candidates for World Bank

Posted:

Nigeria's Finance Minister Okonjo-Iweala attends a session at the World Economic Forum (WEF) in DavosWASHINGTON (Reuters) - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday. The candidacies of Okonjo-Iweala and Ocampo, who have credentials as both economists and diplomats and according to sources the respective backing of Brazil and South Africa, pose a challenge to the United States, whose hold on the top post has never been contested. ...


Zynga buys game maker behind 'Draw Something'

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Online game maker Zynga has bought New York-based OMGPop, maker of the popular mobile game "Draw Something."

Doctors find clue in quest to predict heart attack

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This undated handout images provided by Science Traditional Medicine/Scripps Translational Science Institute, shows on the left normal, healthy circulating endothelial cells (CEC). On the right are CECs from heart attack patients which appear abnormally large, misshapen and with multiple nuclei. Too often, people pass a cardiac checkup only to collapse with a heart attack days later. Now scientists have found a clue that one day may help doctors determine if a heart attack is imminent, in hopes of preventing it. (AP Photo/Scripps Translational Science Institute)Too often, people pass a cardiac checkup only to collapse with a heart attack days later. Now scientists have found a clue that one day may help doctors determine if a heart attack is imminent, in hopes of preventing it.


Exclusive: Watson close to $7 billion Actavis drug deal: sources

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ActavisLONDON/FRANKFURT (Reuters) - Watson Pharmaceuticals Inc is close to buying Swiss-based Actavis for around $7 billion, marking the latest deal between generics companies racing to achieve economies of scale, three sources familiar with the matter said. The deal would involve U.S.-based Watson, already among the world's five largest generic drugmakers, paying between 5.0 billion and 5.5 billion euros ($6.6-7.3 billion) for Actavis, a business not much smaller than its own, the sources said. ...


Obama, GOP vie for upper hand on energy

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President Barack Obama waves as he boards Air Force One before his departure from Andrews Air Force Base, Md., Wednesday, March, 21, 2012. Obama heads to Nevada and New Mexico on the first of a planned, two-day excursion to kick off his three-state swing to promote his energy policies. (AP Photo/Pablo Martinez Monsivais)Wooing a nation of increasingly angry motorists, President Barack Obama and his Republican rivals are all plunging into gas-pump politics, seeking the upper hand as energy becomes a driving issue in the election campaign.


Alex Smith signs three-year deal with 49ers

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No hard feelings on Alex Smith's part that the San Francisco 49ers pursued Peyton Manning.

Hartford Financial exiting annuity business

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Hartford Financial Services Group Inc. is exiting the annuity business so it can focus on its property and casualty insurance, group benefits and mutual funds.

Goldman loses bid to end lawsuit over risky CDO

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A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by U.S. District Judge Victor Marrero in New York keeps alive a hedge fund's claims over a $2 billion offering of collateralized debt obligations, amid intense scrutiny over Goldman's activities before and after the 2008 financial crisis. ...


One Direction excited about history making debut

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FILE - In this March 12, 2012 file photo, One Direction band members Harry Styles, from left, Louis Tomlinson, Niall Horan, Liam Payne and Zayn Malik attend a CD signing at J&R Music World in New York. One Direction's debut album One Direction's Niall Horan was in a taxi when he learned that the group's first album, "Up All Night," debuted at the top of the latest Billboard Top 200 albums chart.


Disney sketches sequel to 'Epic Mickey' video game

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In this vide game image released by Disney, a scene is shown from Warren Spector realizes that he made a mistake with "Epic Mickey," his 2010 action-adventure game starring the world's most famous mouse.


Barber: Blagojevich's hair to turn gray in prison

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FILE - In this March 15, 2012 file photo former Illinois Gov. Rod Blagojevich departs his Chicago home for Littleton, Colo., to begin his 14-year prison sentence on corruption charges. In an interview with the Associated Press Wednesday, March 21, 2012, Peter Vodovoz, who was Blagojevich's barber for more than 20 years, said the imprisoned former governor's bountiful hair will likely turn mostly gray within three months. Vodovoz says the 55-year-old has dyed his hair for years and the inability to purchase sophisticated hair products in prison means the dark-brown dye will wear off fast. (AP Photo/Charles Rex Arbogast, File)Rod Blagojevich's famously thick, dark hair is dyed and will turn gray within months as he serves his 14-year sentence in a Colorado prison, where dyes are strictly banned, the former Illinois governor's longtime barber said Wednesday.


France shootings siege: Live Report

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Police negotiations with the suspect resumed after a temporary stoppage1947 GMT: Gueant's full quote: "He explained how he received instructions from Al-Qaeda during his stay in Pakistan, how he had even been suggested to carry out a suicide mission but refused, but accepted to carry out a general mission to commit an attack in France." Prosecutors have already said that Merah, the suspect, has told negotiators he was trained by the late Osama bin Laden's Islamist network on the Afghanistan-Pakistan border.


Court sides with property owners over EPA

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FILE - In this Oct. 14, 2011 file photo, Mike and Chantell Sackett of Priest Lake, Idaho, pose for a photo in front of the Supreme Court in Washington. The Supreme Court ruled unanimously Wednesday that property owners have a right to prompt review by a judge of an important tool used by the Environmental Protection Agency to address water pollution. The court sided with an Idaho couple who object to an EPA order that blocked construction of their new home near a scenic lake and threatened fines of more than $30,000 a day. (AP Photo/Haraz N. Ghanbari, File)The Supreme Court ruled unanimously Wednesday that property owners have a right to prompt review by a judge of an important tool used by the Environmental Protection Agency to address water pollution.


White teen pleads guilty in Miss. hate crime

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A white Mississippi teenager has pleaded guilty to running over a black man with his pickup truck, killing him.

Review: New iPad screen is eye-opening upgrade

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Beware the new iPad, not because it's an inferior product, but because it's a superior one. Using one is like living the life of a millionaire for a day, then getting dumped back in your regular life. Your eyes are now opened to how miserable your existence is.

NH House debates gay marriage repeal bill

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New Hampshire lawmakers are considering whether to take the first step toward making their state legislature the first one to repeal a gay marriage law, even as the governor threatens a veto.

US stocks mixed; investors sour on HP plan

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U.S. stocks were mixed Wednesday, continuing a bumpy week on Wall Street.

UEFA gets lawmakers' support to curb club spending

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UEFA President Michel Platini won the support of the European Union's executive office on Wednesday to legally protect his plans to curb excessive spending by top soccer clubs.

Security Council backs Annan's Syria peace plan

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The previously divided U.N. Security Council sent a strong and united message to the Syrian government and opposition on Wednesday to immediately implement proposals by international envoy Kofi Annan to end the yearlong bloodshed.

Holed-up French suspect plans nighttime surrender

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Police officers and firefighters stand next to the building where the suspected killer is holed-up in Toulouse Wednesday March 21, 2012 . After a pre-dawn raid erupted into a firefight, French riot police pressed Wednesday for the surrender of a holed-up gunman who is suspected in seven killings and claiming allegiance to al-Qaida. A prosecutor said the gunman was planning to kill another soldier imminently.(AP Photo/Remy de la Mauviniere)The Interior Minister says a holed-up suspect wanted for shooting seven people dead plans to turn himself in to French police surrounding him at night "to be more discreet."


Romney faces tough race in Louisiana

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney reacts while greeting supporters at a rally in Schaumburg, Ill., after the winning the Illinois Republican presidential primary, Tuesday, March 20, 2012. (AP Photo/Steven Senne)Mitt Romney faces another possible Southern setback — this time in Louisiana.


Senate votes to move ahead on small business bill

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Legislation making it easier for small businesses to raise money survived a test vote in the Senate on Wednesday, increasing the chances it could emerge as one of the few bipartisan bills to pass Congress during this election year.

Oil prices rise on unexpected supply drop

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One day after the price of benchmark crude took the biggest one-day drop this year, it headed up again.

Off-the-charts pollen spreads allergy misery

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Pollen covers a car parked outside the State Capitol Tuesday, March 20, 2012, in Atlanta. A warm winter is sending pollen counts soaring to record levels in Georgia. Officials say a record high pollen count of 9,369 particles of pollen per cubic meter was measured in metro Atlanta on Tuesday. (AP Photo/David Goldman)Allergy season has come early and hit with a wheezing vengeance in parts of the South and Midwest this year, thanks largely to an unusually warm winter. Abundant pollen is causing watery eyes, sniffles and sneezing.


French police in standoff with suspected shooter

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Police officers and firefighters stand next to the building where the suspected killer is holed-up in Toulouse Wednesday March 21, 2012 . After a pre-dawn raid erupted into a firefight, French riot police pressed Wednesday for the surrender of a holed-up gunman who is suspected in seven killings and claiming allegiance to al-Qaida. A prosecutor said the gunman was planning to kill another soldier imminently.(AP Photo/Remy de la Mauviniere)In a tense, daylong standoff, French riot police surrounded a building Wednesday in southwest France, demanding the surrender of a gunman whom they say boasted of shooting seven victims in an al-Qaida-linked terror spree.


Islamists seek influence in Syria uprising

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FILE - In this Sunday March 4, 2012 file photo, a Lebanese anti-Syrian regime Salafi protester, holds a poster in Arabic that reads, The gunmen in eastern Syria, sporting grenade launchers and assault rifles, announced on the Internet they were forming the "God is Great" Brigade and joining the country's rebellion. They swore allegiance to the Free Syrian Army and vowed to topple President Bashar Assad.


Mauritania has not agreed to hand over spy chief

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A high-ranking government official is denying that Mauritania had agreed to hand over one of Moammar Gadhafi's ex-intelligence chief for trial in Libya.

Belgium holds service for victims of bus crash

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Belgium's King Albert II, left, and Queen Paola participate in a memorial service at the Soeverein Arena in Lommel, Belgium on Wednesday, March 21, 2012. Mourners and family members attended a memorial service to honor the victims of a bus crash in the Swiss Alps which killed 22 children and six adults . (AP Photo/Yorick Jansens, Pool)King Albert II and thousands of mourners on Wednesday remembered the 28 victims of last week's bus crash in a Swiss tunnel during a memorial service centering on the 22 schoolchildren whose promise of youth was shattered by sudden death.


Saints' Payton suspended for season by NFL

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FILE - This Dec. 26, 2011 file photo shows New Orleans Saints head coach Sean Payton in the fourth quarter of an NFL football game against the Atlanta Falcons in New Orleans. The NFL has suspended Payton for the 2012 season, and former Saints defensive coordinator Gregg Williams is banned from the league indefinitely because of the team's bounty program that targeted opposing players. Also Wednesday, March 21, 2012, Goodell suspended Saints general manager Mickey Loomis for the first eight regular-season games of 2012, and assistant coach Joe Vitt has to sit out the first six games. (AP Photo/Rusty Costanza, File)The NFL handed down sweeping and unprecedented punishment Wednesday for bounties paid out on big hits, suspending New Orleans Saints coach Sean Payton without pay for next season and indefinitely banning the team's former defensive coordinator, Gregg Williams, who now works for the St. Louis Rams.


Bolton to play again; Muamba needed 15 shocks

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Blackburn's Marcus Olsson, center, and teammates wear T-shirts supporting Bolton Wanderers' Fabrice Muamba before their English Premier League soccer match against Sunderland at Ewood Park, Blackburn, England, Tuesday March 20, 2012. (AP Photo/Tim Hales)Bolton will return to the field in the English Premier League on Saturday, a week after midfielder Fabrice Muamba suffered cardiac arrest during a match and needed 15 shocks to recover.


Egypt lawmakers, government disagree on IMF loan

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An International Monetary Fund team was due to leave Cairo Wednesday without securing an agreement over a $3.2 billion loan to help boost the nation's battered economy.

NH House weighs gay marriage repeal vote

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New Hampshire lawmakers are considering whether to take the first step toward making their state the first to repeal a gay marriage law through legislation — a move opposed by the governor.

Tim Tebow traded from Broncos to Jets

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FILE - In this Nov. 17, 2011 file photo, New York Jets quarterback Mark Sanchez (6) and Denver Broncos quarterback Tim Tebow (15) walk off the field together after an NFL football game, in Denver. Tebow has been traded from the Denver Broncos to the New York Jets. (AP Photo/Barry Gutierrez, File)Tebowmania is headed to Broadway.


Rights leaders keep up pressure in Fla. shooting

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A group gathers and chants After declaring victories in getting federal and state officials to investigate the case of an unarmed black teenager shot to death by a neighborhood watch captain, civil rights leaders continued to pressure authorities to make an arrest.


US suspends recovery of troop remains in NKorea

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FILE - In this July 10, 1950 back-and-white file photo, American GIs fire a 105 Howitzer gun in action against North Korean invaders somewhere in Korea. The US said Wednesday it is suspending efforts to recover remains of thousands of fallen service members in North Korea, the latest sign that a recent thaw in relations is over. The U.S. was in the process of resuming the hunt for remains missing from the 1950-53 Korean War that had been on hold since 2005, the only form of cooperation between the two militaries. (AP Photo, File)The United States said Wednesday it is suspending efforts to recover remains of thousands of fallen service members in North Korea, the latest sign that a recent thaw in relations is over.


Court weighs US power over states in health case

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FILE - In this Aug. 19, 2004 file photo, Dr. Judyann Bigby takes part in a news conference in Boston. Congress will pay for your roads, but then your state can't lower its drinking age below 21. There's federal money for colleges, but they can't discriminate against women in the classroom or athletics. Federal cash comes with strings. Now 26 states are telling the Supreme Court that President Barack Obama's health care overhaul goes too far in requiring a Medicaid expansion. The justices' decision will have implications far beyond health care. (AP Photo/Michael Dwyer, File)Congress will help pay for your roads, but your state can't lower its drinking age below 21. There's federal money for colleges, but they can't discriminate against women in the classroom or on the athletic field.


Dole: Santorum must soon consider dropping out

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Republican presidential candidate, former Pennsylvania Sen. Rick Santorum speaks at Superior Energy in Harvey, La., Wednesday, March 21, 2012. (AP Photo/Gerald Herbert)Former senator Bob Dole says GOP presidential hopeful Rick Santorum is "getting close to the point" where he'll have to decide whether to stay in the race for the nomination or drop out.


Government cuts income tax, austerity drive undimmed

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Britain's Chancellor of the Exchequer, George Osborne, delivers the annual budget to the House of Commons in central LondonLONDON (Reuters) - Chancellor George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit. Britain should avoid a renewed recession and while the recovery was set to remain modest this year, growth should pick up thereafter, Osborne told parliament in his annual budget statement on Wednesday. ...


Dollars and endorsements shifting toward Romney

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney waves to the crowd during a victory rally in Schaumburg, Ill., after winning the Illinois Republican presidential primary, Tuesday, March 20, 2012. (AP Photo/Steven Senne)Fresh off a decisive victory in Illinois, Mitt Romney won critical establishment support Wednesday from former Florida Gov. Jeb Bush as he looks to unite the Republican Party behind his candidacy. Romney said he's "almost there" after pursuing the GOP nomination for six years, and there are fresh signs that big GOP donors and other party figures will follow Bush's lead after sitting on the sidelines for much of the primary season.


Ad attacks Obama on gas prices with faulty logic

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Gas prices are seen at Marathon and GetGo gas stations in Bedford Heights, Ohio on Wednesday, March 21, 2012. (AP Photo/Amy Sancetta)TITLE: "Deflect"


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