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Thursday, May 17, 2012

AP Photos: Glamour is ageless at Cannes

AP Photos: Glamour is ageless at Cannes


AP Photos: Glamour is ageless at Cannes

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Actress Eva Longoria arrives for the screening of Rust and Bone at the 65th international film festival, in Cannes, southern France, Thursday, May 17, 2012. Longoria is wearing Emilio Pucci.(AP Photo/Francois Mori)Jane Fonda gave the 65th Annual Cannes Film Festival one of its best looks on Thursday in a stretch, form-fitting, two-tone gown by Stella McCartney.


Afghanistan, detention issue divide lawmakers

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Coalitions of House Democrats and tea partyers pushed to speed up President Barack Obama's withdrawal of U.S. troops from Afghanistan and end the indefinite detention of terrorist suspects, even American citizens, captured on U.S. soil.

Facebook prices IPO at $38 per share

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Postal Service to begin closing plants this summer

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In this photo taken May 15, 2012, in Hope, Alaska, Linda Graham, the postmaster in Hope, discusses the U.S. Postal Service's plan to cut the rural Alaska post office's hours. The nearly bankrupt U.S. Postal Service is moving ahead with plans to close dozens of mail processing centers, saying on Thursday it can no longer wait as Congress remains deadlocked over how to help. (AP Photo/Mark Thiessen)The nearly bankrupt U.S. Postal Service is moving forward with a multibillion-dollar cost-cutting plan that will close nearly 250 mail processing centers, saying on Thursday it can no longer wait as Congress remains deadlocked over how to help.


Facebook prices massive IPO at $38 per share

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An electronic sign flashes the latest news concerning Facebook's IPO on a billboard across the NASDAQ stock exchangeFacebook on Thursday announced a price of $38 per share for its record-setting initial public offering, which gives the leading social network a market value of $104 billion.


Facebook IPO: Who is selling stock?

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Facebook Inc. is selling 180 million of its shares in its initial public stock offering. Another 241. 2 million are coming from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.

'Game' star Pooch Hall not returning for season 6

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FILE - In this Jan. 9, 2012 file photo, actress Tia Mowry from the BET show 'The Game' poses for a portrait in New York. Mowry's representatives on Wednesday, May 16, 2012 confirmed that she won't appear in the show's sixth season. (AP Photo/Carlo Allegri, File)BET's hit series "The Game" has lost another star: Pooch Hall isn't returning for the show's sixth season.


Natural gas prices drop on rising supplies

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Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply.

6 shot, 3 dead, in west Louisville neighborhood

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Two shootings in a western Louisville neighborhood have left three people dead and police say three more have been hospitalized.

Review: Facebook snapshot doesn't capture dynamics

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This Thursday, May 17, 2012 image shows a Facebook backup page. Facebook founder Mark Zuckerberg promised in 2010 a Download Your Information feature as In my five years on Facebook, I've shared a lot of photos, links and other tidbits about my life. I've commented on what my friends share, and I've endorsed plenty of their posts by hitting the "like" button. I've gained Facebook friends over the years, and I've lost some.


Facebook prices at top of range in landmark IPO

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A Facebook application logo is pictured on a mobile phone in this photo illustration taken in LavignyNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history. The offering puts the eight-year-old company, founded in a Harvard dorm room, a valuation akin to that of Amazon.com Inc, and exceeding that of Hewlett-Packard Co and Dell Inc combined. Predictions on how much the stock will rise on the first day of trading vary greatly, with some experts saying anything short of a 50 percent jump would be disappointing. ...


Spain beset by bank crisis, recession, bond pressure

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Worker puts finishing touches to a stage under a graph at the Madrid stock exchangeMADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and a report of an outflow of deposits from nationalized Bankia hammered its share price. Madrid approved plans by the country's heavily-indebted autonomous regions to make budget cuts worth 18 billion euros this year, and a government source said Bankia would present a plan for its restructuring next week. At Thursday's auction, the Treasury had to pay around 5 percent to attract buyers of three- and four-year bonds. The latter sold with a yield of ...


Struggling CW network offers big schedule revamp

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The young CW network is hoping to turn around a year of disappointing ratings by making changes this fall on each of the five nights it broadcasts.

Senate confirms 2 Federal Reserve board nominees

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The Senate has confirmed President Barack Obama's two nominees to the Federal Reserve Board, bringing the seven-member board to full strength for the first time since April 2006.

Facebook bet pays off for Russia's Usmanov

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MOSCOW (Reuters) - Russia's richest man recognized the value of Facebook Inc three years ago when he invested in the social networking company and now stands to enjoy a payday of around $1 billion, propelling him further ahead of Russia's oligarchs, who have largely stuck with oil and steel. Alisher Usmanov, who topped Forbes magazine's annual list of Russia's richest investors in April, began his career making plastic bags and built his fortune in metals and mining. He is now worth $18.1 billion, up from $2.6 billion six years ago, according to Forbes. ...

Romney: Obama focused on 'character assassination'

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FILE - In this March 25, 2012 file photo, Rev. Jeremiah Wright speaks in Jackson, Miss. A super PAC working to defeat President Barack Obama is preparing an ad campaign highlighting Obama's ties to his former pastor. (AP Photo/Rogelio V. Solis, File)The Nebraska billionaire who considered a plan to resurrect incendiary comments by President Barack Obama's former pastor shelved the idea Thursday after Obama and Republican presidential challenger Mitt Romney denounced the tactic.


Facebook set to price initial public offering

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Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.

US stocks lose over 1% on Europe fears

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A trader works on the floor of the New York Stock Exchange on May 14US stocks closed with losses well above one percent Thursday as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession.


US gov't sets stiff tariffs on China solar panels

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The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized products.

Ark. man pleads not guilty in stabbing of new wife

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This undated photo provided by the Fort Smith, Ark., Police Department shows James Herring, who was arrested on a murder charge Tuesday, May 15, 2012 after his pregnant wife, who had been stabbed in the chest, staggered into the Fort Smith police station and collapsed. Police say officers rushed 32-year-old Celestia Duffin to Fort Smith hospital, where doctors delivered her baby prematurely, but both mother and infant died. (AP Photo/Fort Smith Police Department)A newlywed accused of stabbing his pregnant wife pleaded not guilty to two counts of capital murder Thursday after the woman and baby died in western Arkansas.


Billionaire tied to Wright ad blitz a rising force

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FILE - In this Feb. 16, 2005 file photo, Ameritrade chairman and founder Joe Ricketts talks to shareholders in Omaha, Neb. Republican presidential hopeful Mitt Romney sought to distance himself Thursday from a GOP-leaning independent group's plan for a $10 million TV ad campaign renewing attention to President Barack Obama's ties to his controversial former pastor. Obama's campaign accused Romney of failing to show The wealthy executive who considered and then dropped a proposal to revive controversy over the relationship between President Barack Obama and his former pastor is a rising conservative maverick with ties to the Chicago Cubs baseball team. He's also linked to a "super" political action committee that bankrolled an upset in Nebraska's recent Republican Senate primary.


Manhunt for groom charged in Ill. bride's slaying

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This surveillance photo taken Friday, May 11, 2012 and provided by the Burbank Police Department, shows Estrella Carrera, 26, of Burbank, Ill., walking out of a restaurant during her wedding celebration. Estrella was found stabbed to death in her bathtub shortly after she and her husband, Arnoldo Jimenez, 32, celebrated their wedding with friends. Jimenez is accused of first-degree murder in the slaying and the subject of a manhunt by the FBI and 32 law enforcement agencies. (AP Photo/Burbank Police Department)Police in suburban Chicago have asked authorities in Texas to join the hunt for a man accused of stabbing his new wife to death and leaving her body in her bathtub, still clad in the silver sequined cocktail dress she wore to celebrate their wedding.


Expert: Mich. stabbing spree suspect was deluded

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FILE - In thisw Aug. 13, 2010, file photo Elias Abuelazam, attends an extradition hearing in Fulton County Superior Court in Atlanta. Abuelazam, an Israeli citizen, is on trial for the death of 49-year-old Arnold Minor, the first murder trial in Michigan connected to a series of deadly stabbings in 2010. (AP Photo/Erik S. Lesser, File)A man accused of a deadly series of stabbings in Michigan was mentally ill and couldn't resist the spell of "evil forces" that compelled him to attack people, a psychiatrist testified Thursday as attorneys tried to overcome strong evidence with an insanity defense.


Stocks fall; Dow has its 11th loss in 12 days

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In this May 11, 2012, photo, trader Peter Mancuso, right, works on the floor of the New York Stock Exchange. U.S. stocks were set for a moderately higher opening Thursday May 17, 2012, with Dow Jones industrial futures up 0.3 percentand S&P 500 futures up 0.4 percent. (AP Photo/Richard Drew)The Dow Jones industrial average fell for the 11th time in 12 days after a pair of discouraging economic reports came as investors worried about Greece's possible exit from euro.


Gap 1Q net income beat expectations

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Clothing seller Gap Inc. says its first-quarter net income was unchanged from a year ago as rising costs and a drop in overseas sales offset sales gains at its Old Navy, Gap and Banana Republic chains.

U.S. sets new tariffs on Chinese solar imports: source

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An employee works on a solar panel production line at a solar company workshop in Yongkang(Reuters) - The United States ruled that Chinese solar companies had illegally 'dumped' renewable power equipment on the U.S. market at below-market prices, and ordered tariffs on the imports, a source close to the case said on Thursday. In a move likely to enflame trade tensions between Beijing and Washington, the preliminary ruling from the U.S. Commerce Department set tariffs on top Chinese exporters Suntech Power Holdings Co Ltd and Trina Solar Ltd at about 31 percent, according to the source. Tariffs on other Chinese solar imports that provided information to the U.S. ...


Rising conservative maverick behind Wright blitz

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FILE - In this Feb. 16, 2005 file photo, Ameritrade chairman and founder Joe Ricketts talks to shareholders in Omaha, Neb. Republican presidential hopeful Mitt Romney sought to distance himself Thursday from a GOP-leaning independent group's plan for a $10 million TV ad campaign renewing attention to President Barack Obama's ties to his controversial former pastor. Obama's campaign accused Romney of failing to show The wealthy executive who considered and then dropped a proposal to revive controversy over the relationship between President Barack Obama and his former pastor is a rising conservative maverick with ties to the Chicago Cubs baseball team.


On the red carpet

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On the red carpetActress Chen Tingjia arrives for the screening of "De Rouille et D'Os" (Rust and Bone) presented in competition at the 65th Cannes film festival in Cannes.


TV's Joey Lawrence joins Chippendales for 3 weeks

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FILE - In this Jan. 11, 2012 file photo, Joseph Lawrence arrives at the People's Choice Awards in Los Angeles. The 36-year-old will be a celebrity guest star for the male erotic dancing troupe Chippendales in Las Vegas for three weeks in June. He'll work as a singer, dancer and host in the male revue. (AP Photo/Matt Sayles, File)Joey Lawrence is shedding his clothes: The actor has joined the male erotic dancing troupe Chippendales.


Morgan Stanley ups Facebook IPO share cap to 5,000

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NEW YORK (Reuters) - Morgan Stanley Smith Barney has increased the number of Facebook Inc IPO shares it will allow advisers to allocate to each client account. The firm previously set a cap of 500 shares per retail client, but told advisers late on Thursday afternoon it increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press. A Morgan Stanley spokeswoman declined to comment. ...

Cuban president's daughter gets US visa

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Mariela Castro, daughter of Cuba's President Raul Castro, holds a sign demanding President Barack Obama release five Cuban intelligence agents imprisoned in U.S., popularly known as the Cuban first daughter Mariela Castro has been granted a U.S. visa to attend events in San Francisco and New York, sparking a firestorm of criticism from Cuban-American politicians who called her an enemy of democracy and a shill for the Communist government her family has led for decades.


Slow push to list breach sites among federal icons

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Sites where levee failures led to the catastrophic flooding after Hurricane Katrina would join Civil War battlefields and Mount Rushmore on a federal list of the nation's historic icons if an activist has her way, but legal foot-dragging by the agency that many blame for the flooding is slowing the effort.

U.S. to suspend sanctions on investment in Myanmar

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Myanmar's President Sein stands near U.S. President Obama as they participate in group photo of leaders at East Asian Summit and ASEAN Summit in Nusa DuaWASHINGTON (Reuters) - The United States will suspend sanctions barring American investment in Myanmar in response to political reforms there, but will keep those laws on its books to discourage backsliding, Secretary of State Hillary Clinton said on Thursday. "Today we say to American business: invest in Burma and do it responsibly," Clinton said during an appearance with Myanmar's Foreign Minister, Wunna Maung Lwin, on the Southeast Asian nation's first official visit to Washington in decades as ties between the two countries warm rapidly. ...


Fan Bingbing shows off dynasty dress at Cannes

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Actress Fan Bing Bing arrives for the opening ceremony and screening of Moonrise Kingdom at the 65th international film festival, in Cannes, southern France, Wednesday, May 16, 2012. (AP Photo/Joel Ryan)There's vintage fashion and there's ancient fashion — and Chinese actress Fan Bingbing tapped into the latter for the opening of the Cannes Film Festival.


White powder costs millions in first response

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Federal authorities say they hope to solve the worst white powder mailing case in U.S. history because the letters are tying up first responders and costing taxpayers millions of dollars.

Justice: Prisons to step up anti-rape efforts

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The Obama administration ordered federal, state and local officials Thursday to adopt zero tolerance for prison rape as it issued mandatory screening, enforcement and prevention regulations designed to reduce the number of inmates who suffer sexual victimization at the hands of other prisoners and prison staff.

Emergency law considered in Quebec student protest

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Protesters make their way through the hall of a Montreal university to disrupt classes Wednesday, May 16, 2012 in Montreal. Carrying a list of scheduled classes, about 100 hard-core protesters marched through pavilions at the Universite du Quebec a Montreal. The student unrest has lasted 14 weeks. Only one-third of Quebec students are actually on declared strikes, but the conflict has created considerable social disorder. (AP Photo/The Canadian Press, Paul Chiasson)Facing the most sustained student protest in Canadian history, Quebec's provincial government weighed emergency legislation Thursday aimed at ending rallies and demonstrations against rising tuition costs.


Commercial rocket will fly to the space station

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FILE - In this June 4, 2010 file photo, a halo forms around the top of the SpaceX Falcon 9 test rocket as launches from complex 40 at the Cape Canaveral Air Force Station in Cape Canaveral, Fla. A launch scheduled for Saturday, May 19, 2012, will mark for the first time, a private company will send its own rocket to the orbiting International Space Station, delivering food and ushering in a new era in America's space program. (AP Photo/John Raoux, File)For the first time, a private company will launch a rocket to the International Space Station, sending it on a grocery run this weekend that could be the shape of things to come for America's space program.


Recognizing Katrina breaches is a tangled process

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The head of an advocacy group in New Orleans is expressing frustration with delays in the effort to get recognition for sites where levee breaches led to catastrophic flooding after Hurricane Katrina in 2005.

EU chiefs back both growth, fiscal consolidation: Berlin

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German Chancellor Angela Merkel is pictured May 16The leaders of Britain, Germany, France, Italy and senior EU officials agreed Thursday that both budget consolidation and growth are necessary to tackle the eurozone crisis, Berlin said.


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