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Tuesday, March 13, 2012

New head of Brazilian soccer wants few changes

New head of Brazilian soccer wants few changes

New head of Brazilian soccer wants few changes

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The new president of the Brazilian Football Confederation (CBF) Jose Maria Marin gestures during a press conference in Rio de Janeiro, Brazil, Monday March 12, 2012. Ricardo Teixeira stepped down from his posts as head of the CBF and the 2014 World Cup organizing committee on Monday, ending a contentious 23-year stint in charge of Brazilian football. The announcement came in a letter of resignation read by the new federation and organizing committee president, former Sao Paulo Governor Jose Maria Marin. (AP Photo)The new head of Brazilian soccer took over Tuesday, promising as few changes as possible despite an often controversial reign by predecessor Ricardo Teixeira.

In shadows of hype, dialogue of 'too much' at SXSW

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People stand in the registration line at South by Southwest in Austin, Texas on Monday, March 12, 2102. By noon the line had become so long it doubled back. (AP Photo/Austin American-Statesman, Josh Rasmussen) MAGS OUT; NO SALES; INTERNET AND TV MUST CREDIT PHOTOGRAPHER AND STATESMAN.COMAt South By Southwest's 2012 interactive conference, there was, as usual, no shortage of eagerness for new developments and excitement for gadgetry.

Fed says top banks fared well in stress tests

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WASHINGTON (Reuters) - The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday. The Fed, in releasing its annual stress test results, said 15 of the 19 largest banks would have satisfactory capital buffers, even after considering banks' proposed dividend increases or share buybacks. ...

Goldman Sachs paying $7M to settle CFTC charges

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Goldman Sachs will pay $7 million to settle federal regulators' civil charges that its futures brokerage business failed to diligently supervise activity in trading accounts from mid-2007 through 2009.

Citibank, 3 others fail Fed stress test; 15 pass

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The Federal Reserve says four major banks failed to show they have enough capital to survive another serious downturn. The list includes Citigroup, the nation's third-largest bank.

Colombia expelling suspect in singer's murder

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Police officers escort Costa Rican Alejandro Jimenez Gonzalez to a police station in Bogota, Colombia, Tuesday March 13, 2012. Jimenez is suspected of ordering the attack that resulted in the murder of Argentine folk singer Facundo Cabral, who was gunned down last year in an ambush in Guatemala. Authorities believe the attack was aimed at the Nicaraguan businessman who was driving the singer to the airport. That man was wounded. (AP Photo/Fernando Vergara)A Costa Rican man arrested in last year's fatal shooting of Argentine folk singer Facundo Cabral is being expelled to Guatemala for entering Colombia with false documents, a national police spokesman said Tuesday.

Union wants NFL to hold back punishing Saints

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The players' union wants the NFL to delay announcing any punishment to the New Orleans Saints for their bounty program until it can conduct its own investigation.

US troop still held in killing 16 Afghan civilians

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Afghan security forces are seen after Taliban militants opened fire on delegation of senior Afghan officials in Panjwai, Kandahar province south of Kabul, Afghanistan, Tuesday, March. 13, 2012. Taliban militants opened fire Tuesday on a delegation of senior Afghan officials including two of President Hamid Karzai's brothers visiting villages in southern Afghanistan where a U.S. soldier is suspected of killing 16 civilians. (AP Photo/Allauddin Khan)A military court held a hearing for an American soldier suspected of killing 16 Afghan civilians and found probable cause to keep him in detention, a spokesman said Tuesday.

French war surgeon speaks of "hell" in Syria

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French war surgeon Jacques Beres, who just came back from Homs, Syria, testifies on humanitarian situation in Syria, during a panel French surgeon Jacques Beres has operated in war zones for 40 years, but he says the carnage in Syria is among the most horrific he has ever witnessed.

Colombia to extradite singer Cabral's murder suspect

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Colombian policemen escort Alejandro Jimenez, 38, aka Police in Colombia arrested the prime suspect in the death of Argentine folk singer Facundo Cabral and said they planned to extradite him to Guatemala to stand trial.

Romney hits Obama, ignores GOP rivals in Missouri

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in St. Louis, Mo., Tuesday, March 13, 2012. (AP Photo/Evan Vucci)Mitt Romney ignored his GOP presidential rivals Tuesday as he asked Missouri voters to help him secure the party nomination and take on President Barack Obama this fall.

Scoring a tough task in men's basketball in 2012

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Florida State coach Leonard Hamilton reacts after his team was called for a foul against North Carolina during the second half of an NCAA college basketball game in the final of the Atlantic Coast Conference men's tournament, Sunday, March 11, 2012, in Atlanta. Florida State won 85-82. (AP Photo/John Bazemore)Men's college basketball teams have been offensively challenged all season, at times struggling to score 50 points. And as Southern California coach Kevin O'Neill says, no one is enjoying the drop-off.

US stocks surge, Dow way over 13,000 mark

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Traders work on the floor of the New York Stock Exchange in JanuaryUS stocks took off Tuesday and the Dow zoomed past the 13,000 mark driven by soaring bank shares, sparked by JPMorgan Chase's announcement of a huge share buyback and dividend hike.

Pac-12 moving men's basketball tourney to Vegas

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Pac-12 commissioner Larry Scott speaks about bringing the Pac-12 basketball tournament to Las Vegas during a news conference, Tuesday, March 13, 2012, in Las Vegas. Las Vegas will begin hosting the tournament in 2013. (AP Photo/Julie Jacobson)The Pac-12 men's basketball tournament is moving to Sin City for the next three years.

Stocks record biggest gains of year; Dow up 218

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Trader Gregory Rowe, center, and specialist Peter Kennedy, right, check prices as they work on the floor of the New York Stock Exchange Tuesday, March 13, 2012. Strong February retail sales results drove U.S. stocks higher at the opening of trading. (AP Photo/Richard Drew)Bank stocks turbocharged what was already a big market rally Tuesday, and all three major stock indexes posted their biggest gains of the year. The Dow Jones industrial average rose 218 points and closed at its highest level since the end of 2007.

Authorities: NJ girl found in septic tank drowned

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The top of a septic tank, which has been covered with dirt, is roped off by police tape near a home in Lakewood, N.J., Tuesday, March 13, 2012. Authorities were investigating how a toddler reported missing ended up dead in a septic tank in the backyard of her home near the Jersey shore. (AP Photo/Beth DeFalco)A toddler whose body was found inside a septic tank behind her home, just hours after being reported missing by her mother, died of accidental drowning, an autopsy showed Tuesday.

AP Source: Cowboys-Redskins money back into pool

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The $46 million in total salary cap reductions for the Redskins and Cowboys over the next two seasons will go to other teams.

2nd woman in NYC maadam case pleads not guilty

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Jaynie Mae Baker arrives with court officers and legal counsel for her arraignment in State Supreme Court, Tuesday, March 13, 2012 in New York. Baker is accused of working for a high-priced brothel. (AP Photo/Mark Lennihan)A matchmaking recruiter charged with helping to run a big-money brothel has been on vacation, not the lam, her lawyer said as the woman surrendered Tuesday to face charges.

Clint Eastwood's family set for reality TV series

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Clint Eastwood's family is coming to TV in a new reality show.

Obama vows 'full force' of law in Afghan shooting

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Barack Obama promised that the culprit for the rampage which killed 16 civilians would face the President Barack Obama Tuesday sought to calm outrage over a massacre of civilians by a US soldier in Afghanistan, telling Afghans he took it as seriously as if Americans had been slaughtered.

Journalist recounts fleeing Syrian city under fire

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FILE - In this Saturday, March 10, 2012 file photo, Aida cries as she recovers from severe injuries after the Syrian Army shelled her house in Idlib north Syria. Aida's husband and and two children were killed after their home was shelled. Wounded people, including children and women, crowded into the clinic in bloodstained clothes. Many had clearly been struck by snipers, who shot them through the legs and arms. (AP Photo/Rodrigo Abd, File)Explosions illuminated the night as we ran, hoping to escape Syria after nearly three weeks of covering a conflict that the government seems determined to keep the world from seeing. Tank shells slammed into the city streets behind us, snipers' bullets whizzed by our heads and the rebels escorting us were nearly out of ammunition.

Ally-on-ally killings muddy path for US pullout

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Secretary of Defense Leon Panetta fields questions from the media on a flight to Kyrgystan, March 12, 2012, regarding the American soldier who is accused of killing 16 Afghan civilians, most of them children, and then burning many of the bodies, on Sunday in southern Kandahar province. (AP Photo/Scott Olson, Pool)The Obama administration is only beginning to calculate the pace of troop withdrawals from Afghanistan beyond this summer, facing an endgame fraught with political risk and complicated by shocking setbacks like the alleged U.S. slaughter of Afghan civilians.

Stocks record biggest gains of year

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Trader Matthias Roberts, right, works on the floor of the New York Stock Exchange Tuesday, March 13, 2012. Strong February retail sales results drove U.S. stocks higher at the opening of trading. (AP Photo/Richard Drew)Stocks are closing with their biggest gains this year.

PIMCO'S Gross disagrees with Fed on inflation

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NEW YORK (Reuters) - PIMCO founder and co-chief investment officer Bill Gross, who heads the world's largest bond fund, took issue with the Federal Reserve's decision on Tuesday to keep U.S. interest rates low until 2014. During a CNBC interview, Gross said that the Fed's decision will continue to "subordinate" bond investors. Gross said "April holds the key" as the time when the board could enact another round of stimulus or quantitative easing. In past quantitative easing moves, the Fed has either bought Treasuries or mortgage-backed securities. ...

AFL-CIO boosts ground support for Obama, Democrats

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The labor federation AFL-CIO is endorsing President Barack Obama's re-election bid, and it says it will mount a big door-to-door effort for Democrats to counter the flood of outside money that conservative groups are pouring into the campaign.

Feds unveil reform-minded immigration facility

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A new 608-bed detention facility in Texas that officials say represents the Obama administration's pledge to overhaul America's system for jailing immigration offenders will be opening in about three weeks.

Syracuse's Fab Melo out with eligibility issue

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FILE - In this Jan. 15, 2011, file photo, Syracuse head coach Jim Boeheim, right, talks with Fab Melo during the first half against Cincinnati in an NCAA college basketball game in Syracuse, N.Y. Melo did not travel with the team to Pittsburgh and the university says he won't take part in the NCAA tournament due to an eligibility issue. The school would not elaborate. (AP Photo/Kevin Rivoli, File)Syracuse sophomore center Fab Melo has been ruled ineligible for the NCAA tournament, another shot in a season full of them for the Orange.

Obama supports new category of secret gov't files

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In the middle of Sunshine Week, when news organizations and advocacy groups promote government transparency, the Obama administration urged Congress on Tuesday to keep secret a whole new category of information even under the Freedom of Information Act.

2nd woman in NYC madam case pleads not guilty

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Jaynie Mae Baker arrives with court officers and legal counsel for her arraignment in State Supreme Court, Tuesday, March 13, 2012 in New York. Baker is accused of working for a high-priced brothel. (AP Photo/Mark Lennihan)A matchmaking recruiter charged with helping to run a big-money brothel has been on vacation, not the lam, her lawyer said as the woman surrendered Tuesday to face charges.

Ga. Tech's Rice kicked off team after shooting

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FILE - In this Feb. 4, 2012 file photo, Georgia Tech's Glen Rice Jr. (41) walks down the court after a foul call against Georgia Tech during the second half of an NCAA college basketball game against Boston College, in Atlanta. Rice Jr. has been kicked off the Georgia Tech basketball team after being charged in a shooting incident outside an Atlanta nightclub. Coach Brian Gregory made the announcement Tuesday, March 13, 2012, less than a week after Rice, a graduate student manager and another person were charged. (AP Photo/David Goldman, File)Glen Rice Jr. was kicked off the Georgia Tech basketball team Tuesday, less than a week after a shooting incident outside an Atlanta nightclub led to criminal charges.

Taiwan company, execs guilty of fixing LCD prices

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A Taiwan company and two of its top executives have been found guilty of working with competitors to inflate prices of liquid screen display screens used in computer monitors and televisions.

CBO: Deficit estimate for 2012 hiked to $1.2T

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A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a few weeks before Election Day. It would be the fourth straight year of trillion dollar-plus deficits.

Worship goes on after dispute at Crystal Cathedral

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FILE - In this Oct. 24, 2010 file photo, Sheila Schuller Coleman, right, stands next to her father, Robert H. Schuller, as she delivers her sermon on Sunday, Oct. 24, 2010. The Crystal Cathedral is getting a new name and the congregation of the financially struggling Orange County megachurch will relocate, its senior pastor announced Sunday. The ministry will be renamed Hope Center of Christ, Sheila Schuller Coleman said in a short video posted on the Crystal Cathedral website. An announcement regarding the new location will be made in the next few weeks, she said. (AP Photo/Orange County Register, Ana Venegas, File) MAGS OUT; LOS ANGELES TIMES OUTCrystal Cathedral Ministries will keep airing the "Hour of Power" television program and hold worship services in its famous glass-paned cathedral despite the departure of founding pastor Robert H. Schuller and his entire family.

Kan. House squashes bid to make Toto breed top dog

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FILE - In this Sept. 16, 2009, file photo is Dougal, a Cairn Terrier with his owner Lynn Haigh at their home in Stamford, Rutland, England. A Kansas House committee squashed a bid Monday, March 12, 2012, to make the cairn terrier, a breed perhaps best known as that of Dorothy's canine sidekick in There may be no place like home, but don't tell Toto.

German, French finance ministers say worst of euro crisis over

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PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble and his French counterpart Francois Baroin said on Tuesday that the worst of the euro zone crisis appeared to be over, but warned member states that was no excuse to skimp on difficult reforms. "We can say that the worst is behind us, but we cannot relax our efforts," Schaeuble told a conference in Paris. "I think we can say with a 50 percent probability that the worst is behind us. ...

UK police arrest Rebekah Brooks in hacking probe

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FILE In this Sunday, July 10, 2011 file photo Chairman of News Corporation Rupert Murdoch, left, and then chief executive of News International Rebekah Brooks leave his residence in central London. British police made six arrests early Tuesday March 13, 2012 in the British media's phone hacking scandal, including Rebekah Brooks, the former top executive of Rupert Murdoch's News International, The Associated Press has learned. (AP Photo/Sang Tan, File)British police made six arrests early Tuesday in the British media's phone hacking scandal, including Rebekah Brooks, the former top executive of Rupert Murdoch's News International, The Associated Press has learned.

US Republican candidates seek southern comfort

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Republican presidential candidate Mitt RomneyWhite House hopefuls were locked in a close three-way fight Tuesday as they battled for dominance in key Southern states, which could bust open the unruly Republican presidential race.

The South's turn: Romney, Santorum, Gingrich vie

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Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in St. Louis, Mo., Tuesday, March 13, 2012. (AP Photo/Evan Vucci)Mitt Romney collided with rivals Rick Santorum and Newt Gingrich on Tuesday in primaries in Alabama and Mississippi, hotly contested Southern crossroads in the struggle for the Republican presidential nomination.

Suspended Broncos players fighting back

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Two Denver Broncos players are suing the NFL to overturn their drug suspensions, saying the league violated protocol in collecting urine samples from linebacker D.J. Williams and defensive lineman Ryan McBean, and then refused to clear the players even after the collector was fired.

Lawyer: Victim's wife fed Ga. gunman's delusions

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A corporate engineer was insane when he fatally shot a toddler's father outside a Georgia preschool and had been manipulated by the victim's wife into killing her husband, his attorneys said in closing arguments Tuesday. Prosecutors countered that the crime was rooted in jealousy and not a "contrived" mental illness.
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