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Friday, May 25, 2012

Bankia, Catalonia pile on Spanish debt worries

Bankia, Catalonia pile on Spanish debt worries


Bankia, Catalonia pile on Spanish debt worries

Posted: 25 May 2012 01:29 PM PDT

A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in MadridMADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies. Bankia SA, Spain's fourth biggest bank and newly nationalized, asked for a bailout of 19 billion euros ($24 billion) to repair losses from a property crash - the biggest Spanish bank rescue ever. ...


Stocks fall on Wall Street as Spanish bank teeters

Posted: 25 May 2012 01:28 PM PDT

FILE - In a Dec. 9, 2011 file photo specialist Michael Gagliano, foreground right, works at a post on the floor of the New York Stock Exchange. Wall Street appeared set for a higher open, Friday May 25, 2012 with Dow Jones industrial futures rising 0.2 percent to 12,558 and S&P 500 futures gaining 0.3 percent to 1,326.20. (AP Photo/Richard Drew)Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.


US general: Afghanistan better vetting recruits

Posted: 25 May 2012 01:26 PM PDT

The commanding Marine general in one of Afghanistan's hardest-fought regions said Friday he is seeing big improvements in the vetting of Afghan recruits to the country's security forces following attacks by Afghan soldiers on their NATO partners.

Standoff as US gunman holds hostages

Posted: 25 May 2012 01:25 PM PDT

Several Indiana police cars sits outside a high school in 2004 in Valparaiso, IndianaPolice and FBI agents in Indiana on Friday surrounded a building where a gunman had reportedly taken hostages and was refusing to surrender, officials and media reports said.


Is China poor? Key question at climate talks

Posted: 25 May 2012 01:25 PM PDT

FILE- Smoke billows from a chimney of a heating plant as the sun sets in Beijing in this file photo dated Monday, Feb. 13, 2012. U.N. climate talks being held in Bonn, Germany, are in gridlock Thursday May 24, 2012, as a rift between rich and poor countries risked undoing some of the advances made last year in the two-decade-long effort to control carbon emissions from fast-growing economies like China and India as well as developed industrialized nations that scientists say are overheating the planet.(AP Photo/Alexander F. Yuan, File)Another round of U.N. climate talks closed Friday without resolving how to share the burden of curbing man-made global warming, mainly because countries don't agree on who is rich and who is poor.


More than 70 killed in Syria ahead of Annan return

Posted: 25 May 2012 01:17 PM PDT

An image released by the Syrian opposition's Shaam News Network shows an anti-regime demonstration in the Daraa provinceMore than 70 people were killed across Syria on Friday, monitors said, as tens of thousands of protesters took to the streets on Friday and tanks were deployed in the country's second largest city.


Edwards juror issue arises; case stops for weekend

Posted: 25 May 2012 01:16 PM PDT

Former U.S. presidential candidate and Sen. John Edwards leaves a federal court during a lunch break during the fifth day of jury deliberations in his trial in Greensboro, N.C., Thursday, May 24, 2012. Edwards is accused of using nearly $1 million from donors to help hide his pregnant mistress as he sought the White House in 2008. (AP Photo/Gerry Broome)The judge in the John Edwards trial says she is dealing with a juror issue and she is warning the panel not to deliberate outside the jury room or in small groups.


UN agency finds higher enrichment at Iranian site

Posted: 25 May 2012 01:15 PM PDT

World powers negotiators arrive at the Baghdad International Airport in Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the years-long impasse over Tehran's nuclear program.(AP Photo/Mohammed Ameen, Pool)Inspectors have located radioactive traces at an Iranian underground bunker, the U.N. atomic agency said Friday — a finding that could mean Iran has moved closer to reaching the uranium threshold needed to arm nuclear missiles.


Spain region, Greek exit warnings rattle euro zone

Posted: 25 May 2012 01:14 PM PDT

(Reuters) - Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Greek elections are due on June 17 and could hasten the country's departure from the currency club should a government intent on ripping up the country's bailout program result. Polls suggest the outcome is too tight to call. ...

Confessed killer of New York boy to appear in court

Posted: 25 May 2012 01:14 PM PDT

New York City Police Commissioner Ray KellyThe confessed killer of six-year-old Etan Patz, whose disappearance exactly 33 years ago sparked New York's biggest modern crime mystery, was hospitalized ahead of appearing in court for the first time Friday.


Syrian forces kill 50 in Homs province: opposition group

Posted: 25 May 2012 01:13 PM PDT

BEIRUT (Reuters) - At least 50 people, including 13 children, were killed when Syrian forces attacked the town of Houla in Homs province on Friday, the Syrian Observatory for Human Rights and activists said. Activists said clashes erupted in the town when Syrian forces opened fire on a protest against the rule of President Bashar al-Assad and killed one protester. "The soldiers are shelling Houla right now, the casualties are huge," said activist Ahmad Kassem. He said opposition fighters fired back, inflicting casualties on the soldiers and destroying five tanks. ...

Senate panel reins in Pentagon on clean energy

Posted: 25 May 2012 01:10 PM PDT

The Pentagon's investment in green energy requires too much green paper for some in Congress.

Andretti finding better teamwork without Danica

Posted: 25 May 2012 01:08 PM PDT

Danica Patrick gestures as she walks down pit road before qualifying for Sunday's NASCAR Sprint Cup Series Coca-Cola 600 auto race in Concord, N.C., Thursday, May 24, 2012. (AP Photo/Chuck Burton)Andretti Autosport isn't lamenting the loss of Danica Patrick to NASCAR.


Raid admiral's toughest fight: winning Washington

Posted: 25 May 2012 01:06 PM PDT

The commander in charge of the raid to kill Osama bin Laden is defending his proposal that would give him more authority to send special operations forces overseas to address problems like terrorists or sudden Arab Spring-style unrest.

Facebook market makers' losses at least $100 million

Posted: 25 May 2012 01:05 PM PDT

File photo of traders work at the Knight Capital kiosk on the floor of the New York Stock Exchange(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...


Bankia revises 2011 results, posts nearly 3 bn euro loss

Posted: 25 May 2012 01:02 PM PDT

Bankia's headquarters in MadridSpanish bank Bankia said Friday it had revised its results for 2011, posting a loss of nearly three billion euros instead of the 309 million euro net profit announced in February.


Suspect in NY killing hospitalized as suicide risk

Posted: 25 May 2012 01:00 PM PDT

CORRECTS YEAR OF KELLY'S STATEMENT - This undated file image provided Friday, May 28, 2010 by Stanley K. Patz shows a flyer distributed by the New York Police Department of Patz's son Etan who vanished in New York on May 25, 1979. New York City police commissioner Raymond Kelly said Thursday May 24, 2012, that a person who's in custody has implicated himself in the disappearance and death of Etan Patz, (AP Photo/Courtesy NYPD/file) EDITORIAL USE ONLY, NO SALES, FOR USE ONLY IN ILLUSTRATING EDITORIAL STORIES REGARDING THE DISAPPEARANCE OF ETAN PATZ OR OTHER MISSING CHILDRENThe man accused of murdering 6-year-old Etan Patz was hospitalized for fear he might attempt suicide as he awaited arraignment Friday, exactly 33 years after the boy vanished without a trace in one of New York City's most traumatic missing-child cases.


Syrian forces kill 50 in Homs province: opposition group

Posted: 25 May 2012 12:59 PM PDT

BEIRUT (Reuters) - At least 50 people, including 13 children, were killed when Syrian forces tried to break into the town of Houla in Homs province on Friday, the Syrian Observatory for Human Rights and activists said. Activists have reported clashes between Syrian forces and rebel fighters. "The soldiers are shelling Houla right now, the casualties are huge," said activist Ahmad Kassem. (Reporting by Mariam Karouny; Editing by Tim Pearce)

50 years on, fire still burns underneath Pa. town

Posted: 25 May 2012 12:59 PM PDT

In this May 24, 2012 photo, David DeKok poses on abandoned Route 61 in Centralia, Pa. Fifty years ago on Sunday, May 27, 2012, a fire at the town dump spread to a network of coal mines underneath hundreds of homes and business in the northeastern Pennsylvania borough of Centralia, eventually forcing the demolition of nearly every building. (AP Photo/Michael Rubinkam)Fifty years ago on Sunday, a fire at the town dump ignited an exposed coal seam, setting off a chain of events that eventually led to the demolition of nearly every building in Centralia — a whole community of 1,400 simply gone.


Breeze of Arab Spring felt on Cannes red carpet

Posted: 25 May 2012 12:55 PM PDT

Director Bernard-Henry Levy, centre, flanked by two unidentified persons wearing Syrian flags pose during a photo call for The Oath of Tobruk at the 65th international film festival, in Cannes, southern France, Friday, May 25, 2012. (AP Photo/Lionel Cironneau)The ripples of the Arab Spring are being felt in summery Cannes, where films from Egypt and Syria, as well as a passionate documentary about the overthrow of Libya's Moammar Gadhafi, are being screened alongside the latest features from the world's heavyweight directors.


No lightning from Bolt, as Jelimo fires broadside

Posted: 25 May 2012 12:54 PM PDT

Jamaica sprinter Usain Bolt (C) wins the 100mA flat-looking Usain Bolt raced his worst 100m in three years here on Friday, still managing to claim victory after he recovered sufficiently from a dreadful start and a limp drive phase.


Police: Hostages remain inside Ind. realty office

Posted: 25 May 2012 12:53 PM PDT

A gunman looking for someone he believes owes him money took an unknown number of hostages inside an Indiana real estate office Friday, police said, prompting officers to shut down nearby streets and surround the building with guns drawn.

SpaceX's Dragon makes historic space station dock

Posted: 25 May 2012 12:53 PM PDT

The robotic arm (bottom) captures the SpaceX Dragon capsuleSpaceX on Friday became the first commercial outfit to send its own cargo capsule to the International Space Station, heralding the start of a new era for private spaceflight.


Former top Calif. football prospect exonerated

Posted: 25 May 2012 12:51 PM PDT

Brian Banks, center, reacts with his mother, Leomia Myers and father, Jonathan Banks, outside court after his rape conviction was dismissed Thursday May 24, 2012 in Long Beach, Calif. Banks, a former Long Beach high school football star and prized college recruit who served more than five years in prison for a rape he did not commit had his conviction overturned Thursday with his accuser recanting her story( AP Photo/Nick Ut)Now that Brian Banks has been exonerated of a rape conviction that put him in prison for five years, the one-time prep football star has a message for NFL coaches: Give him a chance.


Edwards judge closes court to discuss jury matter

Posted: 25 May 2012 12:50 PM PDT

Former U.S. presidential candidate and Sen. John Edwards leaves a federal court during a lunch break during the fifth day of jury deliberations in his trial in Greensboro, N.C., Thursday, May 24, 2012. Edwards is accused of using nearly $1 million from donors to help hide his pregnant mistress as he sought the White House in 2008. (AP Photo/Gerry Broome)The judge in the John Edwards trial has closed the courtroom to reporters and is talking with attorneys about an unspecified jury matter.


Maine churches raising money to fight gay marriage

Posted: 25 May 2012 12:50 PM PDT

Scores of Maine churches will pass the collection plate a second time at Sunday services on Father's Day to kick off a fundraising campaign for the lead opposition group to November's ballot question asking voters to legalize same-sex marriages.

Morrison leads but Donald looms as McIlroy heads home

Posted: 25 May 2012 12:49 PM PDT

Northern Irish golfer Rory McIlroy watches his drive from the third teeEngland's James Morrison was the shock leader after two rounds of the PGA Championship here on Friday but world number one Rory McIlroy was heading home after missing the cut.


Poll puts Greece's anti-bailout leftists ahead

Posted: 25 May 2012 12:49 PM PDT

ATHENS (Reuters) - Greece's anti-bailout leftist SYRIZA party is ahead of its pro-bailout rivals weeks before a repeat general election that could determine the debt-laden country's future in the euro zone, a poll showed on Friday. The poll by VPRC for the Kontra TV station showed SYRIZA was ahead with 28.5 percent of the votes, while the pro-bailout conservative New Democracy was trailing with 26 percent. The Socialist PASOK, which also backs the international bailout keeping Greece afloat, remained in third place with 12.5 percent, according to the poll. ...

P&G to add latches to make detergent packs safer

Posted: 25 May 2012 12:46 PM PDT

Laundry detergent makers introduced miniature packets in recent months such as this one photographed Thursday, May 24, 2012, in Houston. But doctors across the country say children are confusing the tiny, brightly colored packets with candy and swallowing them. Nearly 250 cases have been reported to poison control centers. (AP Photo/Pat Sullivan)The maker of Tide Pods will create a new double-latch lid to deter children from accessing and eating the brightly colored detergent packets, a company spokesman said Friday.


Spain's Bankia to ask for $24BN state aid

Posted: 25 May 2012 12:45 PM PDT

FILE - In this Friday, April 20, 2012 file photo Spanish Government spokeswoman and Deputy Premier Soraya Saenz de Santamaria points her pen during a press conference following the conservative government's weekly Cabinet meeting at the Moncloa Palace, in Madrid. Spain's market regulator suspended trading of shares in bailed-out Bankia on Friday May 25, 2012, ahead of a key board meeting at which the lender is expected to decide how much more rescue money it needs from the government. (AP Photo/Daniel Ochoa de Olza, file)The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support.


More travelers to hit the road this Memorial Day

Posted: 25 May 2012 12:42 PM PDT

Holiday travelers gather at the security check point at Portland International Airport Friday, May 25, 2012, in Portland, Ore. About 30.7 million people will drive more than 50 miles for Memorial Day trips, according to auto club AAA. That's 400,000 more than last year, a jump AAA attributes to improvement in the economy and consumer attitudes. The number of holiday travelers grows to 34.8 million when you include planes, trains and other means of transportation. (AP Photo/Rick Bowmer)More Americans will hit the road this holiday weekend than a year ago. And they'll have a bit more money to spend thanks to lower gas prices.


TNA claims WWE tried to poach its wrestlers

Posted: 25 May 2012 12:41 PM PDT

Two giants in the wrestling world are getting ready to rumble — in a courtroom.

House Republican leaders plan summer tax cut vote

Posted: 25 May 2012 12:39 PM PDT

A top House Republican says his chamber will vote this summer on continuing the tax cuts enacted under President George W. Bush.

'Disoriented' passenger subdued on flight in Miami

Posted: 25 May 2012 12:38 PM PDT

An American Airlines Boeing 757An apparently "disoriented" passenger had to be calmed down and subdued on an American Airlines jet Friday as it was taxiing after landing in Miami International Airport, an airline spokesman said.


Oil holds near 2012 low

Posted: 25 May 2012 12:36 PM PDT

The price of oil held near the lowest levels of the year on a quiet Friday ahead of the holiday weekend.

Pope's butler arrested in Vatican leaks scandal

Posted: 25 May 2012 12:33 PM PDT

Paolo Gabriele (Bottom), the pope's butler, sits in the popemobile next to Pope Benedict XVI on April 18Vatican police arrested Friday a man -- reportedly the pope's butler -- on allegations of having leaked confidential documents and letters from the pontiff's private study to newspapers.


Police: Patz suspect mentioned suicide wish

Posted: 25 May 2012 12:33 PM PDT

CORRECTS YEAR OF KELLY'S STATEMENT - This undated file image provided Friday, May 28, 2010 by Stanley K. Patz shows a flyer distributed by the New York Police Department of Patz's son Etan who vanished in New York on May 25, 1979. New York City police commissioner Raymond Kelly said Thursday May 24, 2012, that a person who's in custody has implicated himself in the disappearance and death of Etan Patz, (AP Photo/Courtesy NYPD/file) EDITORIAL USE ONLY, NO SALES, FOR USE ONLY IN ILLUSTRATING EDITORIAL STORIES REGARDING THE DISAPPEARANCE OF ETAN PATZ OR OTHER MISSING CHILDRENA man accused of killing a New York City boy in one of the nation's most notorious missing child cases was hospitalized on the day of his planned arraignment after he made statements about wanting to kill himself.


French president: All combat troops out in 2012

Posted: 25 May 2012 12:30 PM PDT

French President Francois Hollande prepares to deliver his speech after visiting troops at Forward Operating Base (FOB) in Nijrab, Kapisa region of Afghanistan Friday, May 25, 2012, where most of French troops are stationed in Afghanistan. France's new President Francois Hollande arrived early Friday in Afghanistan to meet with troops and the country's president and discuss plans for an early pullout. (AP Photo/Joel Saget, Pool)French President Francois Hollande for the first time provided details of his plan to pull France's combat troops out of Afghanistan by the end of the year, saying Friday he would leave around 1,400 soldiers behind to help with training and logistics.


Lack of access to WikiLeaks suspect condemned in US

Posted: 25 May 2012 12:27 PM PDT

WikiLeaks suspect Bradley ManningUS rights activists Friday condemned a lack of disclosure in the case against WikiLeaks suspect Bradley Manning, saying there was even less transparency than proceedings against the alleged September 11 attackers.


House experience a minus for some Senate hopefuls

Posted: 25 May 2012 12:25 PM PDT

U.S. House members who are trying to make the step up to the Senate this year are finding themselves on the defensive about Washington experience that traditionally has been a big asset.

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