Fitzgerald stepping down as US attorney in Chicago

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• Fitzgerald stepping down as US attorney in Chicago
• Facebook, banks sued over pre-IPO analyst calls
• Obama to graduates: 'A new feeling about America'
• Person visited neonatal units before TB diagnosis
• Nasdaq, S&P 500 turn positive ahead of close
• Rep. King: CIA, Pentagon, too close to filmmakers
• Markets swoon as anxiety about Europe takes hold
• Housing market recovery gains traction
• Instant View: New home sales, prices rise in April
• Archery hits pop culture's bull's eye with movie
• AP Photos: Cannes red carpet gets Bond girl flair
• Illegal burn may have sparked Nevada wildfire
• Justices' stocks at issue in Boeing-ICO appeal
• US sales of new homes rose 3.3 percent in April
• EU members among most open trading nations: study
• TV presenter: Piers Morgan told me how to hack
• Dhoni's Chennai knock Mumbai out of IPL
• Pakistan convicts doctor who helped find bin Laden
• Eurozone looks at Greek exit as leaders meet
• Pressure on EU leaders to solve Greek crisis
• 'Cake Boss' kin sentenced for child sex assault
• French passenger not charged in diverted flight
• Stewart becomes non-executive chairman of company
• Egyptians vote in first free presidential election
• Former Yankees trainer testifies in Clemens trial
• Medvedev chats with US cowboys working in Russia
• Romney: American kids get 'third-world education'
• Songbird, guitarman vie for 'American Idol' crown
• Gupta trial jury told of "top secret" Buffett deal
• Iran may prepare to boost nuclear work: diplomats
• Google did not infringe Oracle patents: jury
• California MMA fighter to stand trial in slaying
• Jurors hear details of Fort Hood bomb plot search
• Google cleared in Oracle suit on patents
• Astrodome fades, crumbles as Houston decides fate
• Pacers, Heat respond to Bird's 'soft' comment
• France, Germany in EU summit showdown
• Facebook rejects IPO lawsuit
• Man breaks into Kansas TV station, stabs 2 workers
• Primary sweep has Romney 1 win from GOP nomination

Fitzgerald stepping down as US attorney in Chicago Posted: 23 May 2012 12:51 PM PDT Patrick Fitzgerald, known as one of the most relentless U.S. attorneys in the nation and the architect of convictions against two Illinois governors and a former vice presidential aide, announced Wednesday that he is stepping down from the post he has held for more than a decade in Chicago.

Facebook, banks sued over pre-IPO analyst calls Posted: 23 May 2012 12:50 PM PDT (Reuters) - Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering. The lawsuit came as Facebook and the banks that took it public face questions about the IPO, which culminated in a May 18 stock market debut plagued by technical glitches. Facebook shares fell 18.4 percent from their $38 IPO price in their first three trading days. They were up $1.08, or 3.5 percent, at $32.08 in Wednesday afternoon trading. ...

Obama to graduates: 'A new feeling about America' Posted: 23 May 2012 12:49 PM PDT President Barack Obama declared Wednesday the world has a "new feeling about America" and more respect for its leadership, weaving re-election themes into a commencement speech to jubilant graduates of the U.S. Air Force Academy.

Person visited neonatal units before TB diagnosis Posted: 23 May 2012 12:47 PM PDT A person with an active case of tuberculosis who visited two Northern California neonatal intensive care units had a valid reason to be there and had not been diagnosed at the time, officials said Wednesday.

Nasdaq, S&P 500 turn positive ahead of close Posted: 23 May 2012 12:47 PM PDT NEW YORK (Reuters) - Stocks pared losses sharply into the close, with both the Nasdaq and the S&P 500 turning positive in a late-day reversal on Wednesday. The turnaround was led by shares of materials companies in the S&P 500, while Apple boosted technology shares. The Dow Jones industrial average was down 11.65 points, or 0.09 percent, at 12,491.16. But the S&P 500 Index was up 2.05 points, or 0.16 percent, to 1,318.68. The Nasdaq Composite Index added 15.46 points, or 0.54 percent, to 2,854.54. (Reporting by Edward Krudy; Editing by Jan Paschal)

Rep. King: CIA, Pentagon, too close to filmmakers Posted: 23 May 2012 12:44 PM PDT A House committee chairman charged Wednesday that the CIA and Defense Department jeopardized national security by cooperating too closely with filmmakers producing a movie on the raid that killed Osama bin Laden.

Markets swoon as anxiety about Europe takes hold Posted: 23 May 2012 12:33 PM PDT The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the dollar. Oil prices sank to their lowest this year, and stocks took another fall.

Housing market recovery gains traction Posted: 23 May 2012 12:31 PM PDT WASHINGTON (Reuters) - The U.S. spring home-selling season got off to a strong start in April with rising sales and prices providing evidence that a housing market recovery was gaining some traction. The housing sector has been the Achilles' heel of the economy ever since the home-price bubble burst. Data this week, however, have painted a relatively upbeat picture for the market and underscored the economy's resilience. ...

Instant View: New home sales, prices rise in April Posted: 23 May 2012 12:31 PM PDT NEW YORK (Reuters) - New single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner. COMMENTS: WILLIAM LARKIN, FIXED INCOME PORTFOLIO MANAGER AT CABOT MONEY MANAGEMENT IN SALEM, MASSACHUSETTS "Today's numbers I think are indicating that housing is definitely in the bottoming phase and benefiting from record low mortgage rates. ...

Archery hits pop culture's bull's eye with movie Posted: 23 May 2012 12:30 PM PDT Two-time Olympian Jennifer Nichols' eyes light up with she talks about her sport finally climbing out of the shadows.

AP Photos: Cannes red carpet gets Bond girl flair Posted: 23 May 2012 12:27 PM PDT Berenice Marlohe, the newest Bond girl, has been making the red carpet at the 65th annual Cannes Film Festival look like a day at the beach.

Illegal burn may have sparked Nevada wildfire Posted: 23 May 2012 12:27 PM PDT Investigators say a wildfire that destroyed two homes near the California-Nevada line may have been caused by an illegal "open burn" that had been quietly smoldering at a private residence since Sunday.

Justices' stocks at issue in Boeing-ICO appeal Posted: 23 May 2012 12:26 PM PDT An appeal filed in the California Supreme Court says two state appellate court justices owned stock in Boeing Co. while involved in deciding whether to reverse a multimillion-dollar award against the firm.

US sales of new homes rose 3.3 percent in April Posted: 23 May 2012 12:23 PM PDT Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.

EU members among most open trading nations: study Posted: 23 May 2012 12:22 PM PDT GENEVA (Reuters) - European Union member countries and their close partners in north and central Europe make up 12 of the 20 nations that are most open to international trade, according to a report issued on Wednesday. The Geneva-based World Economic Forum, in the latest update of its Enabling Trade Index, which is compiled every two years, put the United States at No. 23, down from 19 in 2010. Fellow trade giant China dropped from 48th to 56th place, and would-be powerhouse Russia was way down the rankings at 112th place. ...

TV presenter: Piers Morgan told me how to hack Posted: 23 May 2012 12:20 PM PDT A prominent British TV presenter said Wednesday that CNN talk show host Piers Morgan gave him a primer on phone hacking, a revelation that suggests he knew a fair amount about how the shady practice was carried out.

Dhoni's Chennai knock Mumbai out of IPL Posted: 23 May 2012 12:20 PM PDT Mahendra Singh Dhoni smashed a 20-ball 51 not out to set up a comprehensive 38-run win for his Chennai Super Kings side against Mumbai Indians in the Indian Premier League on Wednesday.

Pakistan convicts doctor who helped find bin Laden Posted: 23 May 2012 12:20 PM PDT A doctor who helped the CIA hunt down Osama bin Laden was convicted Wednesday of conspiring against the state and sentenced to 33 years in prison, adding new strains to an already deeply troubled relationship between the U.S. and Pakistan.

Eurozone looks at Greek exit as leaders meet Posted: 23 May 2012 12:19 PM PDT BRUSSELS (Reuters) - European leaders, at odds over how to resolve the deepening crisis in the euro zone on Wednesday, have been advised by senior officials to prepare contingency plans in case Greece quits the single currency area. Three officials told Reuters the instruction to be ready was agreed on Monday during a teleconference of the Eurogroup Working Group (EWG) - experts who work for the bloc's finance ministers - and the German central bank said losing Greece would be testing but "manageable". ...

Pressure on EU leaders to solve Greek crisis Posted: 23 May 2012 12:18 PM PDT Europe's leaders gather in Brussels under mounting pressure to soften their tough-love approach to the weaker economies among them. With Greece locked in political chaos, much bigger Spain warns it can't keep afloat without help, as stock markets around the world tank over fears the leaders won't have the political will to act.

'Cake Boss' kin sentenced for child sex assault Posted: 23 May 2012 12:16 PM PDT The brother-in-law of "Cake Boss" television star Buddy Valastro has been sentenced to nine years in prison for sexually assaulting a 13-year-old girl in New Jersey.

French passenger not charged in diverted flight Posted: 23 May 2012 12:12 PM PDT A French citizen accused of causing a US Airways flight to be diverted to Maine by claiming she had a surgically implanted device will soon be headed back home.

Stewart becomes non-executive chairman of company Posted: 23 May 2012 12:11 PM PDT Martha Stewart was named as non-executive chairman of the lifestyle, media and merchandising company that she created Wednesday.

Egyptians vote in first free presidential election Posted: 23 May 2012 12:10 PM PDT More than 15 months after autocratic leader Hosni Mubarak's ouster, Egyptians streamed to polling stations Wednesday to freely choose a president for the first time in generations. Waiting hours in line, some debated to the last minute over their vote in a historic election pitting old regime figures against ascending Islamists.

Former Yankees trainer testifies in Clemens trial Posted: 23 May 2012 12:09 PM PDT The longtime head athletic trainer of the New York Yankees once wrote that Roger Clemens "maintains complete confidence and respect" for strength coach Brian McNamee.

Medvedev chats with US cowboys working in Russia Posted: 23 May 2012 12:09 PM PDT Russia's prime minister paid a visit Wednesday to a farm that has imported cattle from the United States and also some American cowboys to help the Russians develop their struggling meat industry.

Romney: American kids get 'third-world education' Posted: 23 May 2012 12:07 PM PDT Charging that American students are getting a "third-world education" under President Barack Obama, Republican presidential challenger Mitt Romney on Wednesday proposed a voucher-style system that could significantly alter the public school system and revive the debate over school choice.

Songbird, guitarman vie for 'American Idol' crown Posted: 23 May 2012 12:07 PM PDT The 11th "American Idol" crown is going to a teenage songbird or a bluesy guitarman.

Gupta trial jury told of "top secret" Buffett deal Posted: 23 May 2012 12:04 PM PDT NEW YORK (Reuters) - The deal that gave Goldman Sachs Group Inc a $5-billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified on Wednesday at the insider-trading trial of onetime Goldman board member Rajat Gupta. Gupta is accused of tipping Galleon hedge fund founder Raj Rajaratnam about the deal in an illegal breach of his fiduciary duties. ...

Iran may prepare to boost nuclear work: diplomats Posted: 23 May 2012 12:03 PM PDT VIENNA (Reuters) - A U.N. watchdog report is expected to show that Iran has installed more uranium enrichment centrifuges at an underground site, potentially boosting output capacity of nuclear work major powers want it to stop, Western diplomatic sources say. Two sources said the Islamic state may have placed in position nearly 350 machines since February - in addition to the almost 700 centrifuges already operating at the Fordow facility - but that they were not yet being used to refine uranium. If confirmed in the next quarterly report on Iran's nuclear programme by the U.N. ...

Google did not infringe Oracle patents: jury Posted: 23 May 2012 12:02 PM PDT SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided in a high-stakes trial fought by the two Silicon Valley giants over smartphone technology. Because the same jury could not unanimously agree on the copyright allegations earlier in the case, the latest verdict on patents effectively puts an indefinite hold on Oracle's quest for damages. The verdict was delivered on Wednesday in a San Francisco federal court, and confirmed by a Google spokesman. An Oracle attorney declined to comment on the decision. ...

California MMA fighter to stand trial in slaying Posted: 23 May 2012 12:02 PM PDT A judge has ruled that a mixed-martial artist is mentally competent to stand trial on charges that he murdered and mutilated his friend in far Northern California.

Jurors hear details of Fort Hood bomb plot search Posted: 23 May 2012 12:02 PM PDT Explosives experts found evidence of a bomb in the making — a pressure cooker containing smokeless powder and other material — in the Texas motel room of a soldier accused of planning to blow up Fort Hood troops, according to testimony at his federal trial Wednesday.

Google cleared in Oracle suit on patents Posted: 23 May 2012 12:01 PM PDT A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting the business software titan Oracle against the Internet giant.

Astrodome fades, crumbles as Houston decides fate Posted: 23 May 2012 12:00 PM PDT The Astrodome was once the envy of other cities, a fully air-conditioned stadium that had a translucent roof to keep out the heat and humidity, the first synthetic grass — and the power to make Houston into a sports-entertainment destination.

Pacers, Heat respond to Bird's 'soft' comment Posted: 23 May 2012 11:58 AM PDT Larry Bird called the Indiana Pacers soft. His team agreed. LeBron James thought otherwise.

France, Germany in EU summit showdown Posted: 23 May 2012 11:58 AM PDT France and Germany opened an EU summit Wednesday on a collision course over how to spur growth in the debt-stricken eurozone, as markets plunged and the euro hit a near two-year low.

Facebook rejects IPO lawsuit Posted: 23 May 2012 11:57 AM PDT Facebook on Wednesday said it would "vigorously" defend itself as it rejected a New York investor lawsuit over its $16 billion initial public offering last week.

Man breaks into Kansas TV station, stabs 2 workers Posted: 23 May 2012 11:52 AM PDT A man wielding a knife broke into a Kansas television station Wednesday morning and stabbed two sales employees.

Primary sweep has Romney 1 win from GOP nomination Posted: 23 May 2012 11:47 AM PDT Mitt Romney swept all the delegates in GOP primaries in Kentucky and Arkansas and picked up more endorsements from party leaders, putting him one win away from claiming the Republican nomination for president.

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