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Tuesday, June 19, 2012

AG and Issa to meet on Operation Fast and Furious

AG and Issa to meet on Operation Fast and Furious

AG and Issa to meet on Operation Fast and Furious

Posted: 19 Jun 2012 01:09 PM PDT

FILE -In this Dec. 8, 2011 file photo, House Judiciary Committee member Rep. Darryl Issa, R-Calif., left, shakes hands with Attorney General Eric Holder on Capitol Hill in Washington. Holder is proposing to meet with Issa by Monday to settle a dispute over Justice Department documents the congressman is demanding on a flawed gun-smuggling probe. (AP Photo/Susan Walsh, File)Attorney General Eric Holder wants a House panel to drop plans to try to hold him in contempt of Congress, and the panel's chairman wants more Justice Department documents regarding Operation Fast and Furious, a flawed gun-smuggling probe in Arizona.

Why stocks may be even riskier than you think

Posted: 19 Jun 2012 01:09 PM PDT

FILE- In this Monday, June 11, 2012, file photo, Specialist Frank Masiello, left, and trader Glenn Kessler work on the floor of the New York Stock Exchange. Job growth in the United States may be slowing and sales at stores may have stopped growing, but for Wall Street analysts who give advice on which stocks to buy and sell, they say there is nothing to worry about. (AP Photo/Richard Drew, File)Job growth in the United States is slowing. Sales at stores have stopped growing. The economies of India, Brazil and China are cooling. Europe is crippled by government debt and bad bank loans.

At least 40 killed as bus overturns in Haiti river

Posted: 19 Jun 2012 01:08 PM PDT

The government of Haiti says at least 40 people have drowned when a bus overturned in a rain-swollen river east of the southern city of Jeremie.

Teen recovering after spear removed from his brain

Posted: 19 Jun 2012 01:08 PM PDT

In this undated image provided by University of Miami/Jackson Memorial Hospital, a spear accidentally shot through Yasser Lopez's skull is seen. Lopez, 16, was in serious condition Tuesday, June 19, 2012, at Jackson Memorial Hospital's Ryder Trauma Center. Hospital officials say one of Lopez's friends was loading a speargun when it accidentally fired. Lopez was taken to the trauma center June 7 with roughly 3 feet of the spear protruding from his forehead. (AP Photo/University of Miami/Jackson Memorial Hospital)Doctors in Miami have successfully removed a spear accidentally shot through a teenager's skull during a spearfishing trip.

Ahead of Cairo rally, Islamists claim presidency

Posted: 19 Jun 2012 01:08 PM PDT

A supporter of the Muslim Brotherhood's presidential candidate Mohamed Morsy kisses a picture of him during a celebration at Tahrir square in CairoCAIRO (Reuters) - Egypt's Muslim Brotherhood staked its claim to the presidency and prepared a rally on Tuesday against moves to curb the powers of the office by generals whose Western allies share unease over political Islam but accuse the army of abusing hopes for democracy. With Sunday's presidential election result still unannounced, both Islamists and army, however, seemed ready to step back from a clash neither wants and which dismays Egyptians who yearn for an end to the political paralysis and uncertainty wrecking the economy. ...

Southern Baptists elect 1st black president

Posted: 19 Jun 2012 01:05 PM PDT

Rev. Fred Luter, pastor of the Franklin Ave. Baptist Church, delivers a sermon during Sunday Services at the Church in New Orleans, Sunday, June 3, 2012. The new face of a Christian denomination that formed on the wrong side of slavery before the Civil War could be an African-American preacher who grew up in New Orleans' Lower 9th Ward. The Southern Baptist Convention holds its annual meeting in New Orleans next week and it could see the election of Luter as president. Faced with growing diversity in America and declining membership in its churches, the denomination is making a sincere effort to distance itself from its troubled racial past. (AP Photo/Gerald Herbert)The Southern Baptist Convention has elected its first African-American leader.

G20 draft aims at global growth as markets shake

Posted: 19 Jun 2012 01:03 PM PDT

Leaders of the G-20 and guests, from left, FAO Director-General Jose Graziano da Silva, Australia's Prime Minister Julia Gillard, President Barack Obama, Spain's Prime Minister Mariano Rajoy, Germany's Chancellor Angela Merkel, China's President Hu Jintao, Cambodia's Prime Minister Hun Sen, India's Prime Minister Manmohan Singh, Mexico's President Felipe Calderon, Colombia's President Juan Manuel Santos and British Prime Minister David Cameron pose for the family photo of the G-20 Summit in Los Cabos, Mexico, Monday, June 18, 2012. (AP Photo/Andres Leighton)The leaders of the world's largest economies will say they are united behind efforts to boost growth and job creation to repair a global economy roiled by fears over the European financial crisis, according to a draft of the statement to be released Tuesday at the end of the Group of 20 annual meeting.

EURO 2012 LIVE: Final Group D matches

Posted: 19 Jun 2012 01:03 PM PDT

England's Wayne Rooney controls the ball during the Euro 2012 soccer championship Group D match between England and Ukraine in Donetsk, Ukraine, Tuesday, June 19, 2012. (AP Photo/Efrem Lukatsky)Co-host Ukraine plays England and France takes on Sweden in the final Group D matches at the European Championship. Sweden is out but the other three teams are battling for two spots in the quarterfinals.

Jerry Sandusky's wife takes witness stand at trial

Posted: 19 Jun 2012 12:58 PM PDT

Dorothy Sandusky, wife of former Penn State University assistant football coach Jerry Sandusky arrives at the Centre County Courthouse in Bellefonte, Pa., Tuesday, June 19, 2012. Jerry Sandusky is charged with 51 counts of child sexual abuse involving 10 boys over a period of 15 years. (AP Photo/Gene J. Puskar)Defense lawyers called Dottie Sandusky to the witness stand Tuesday, part of their effort to tout Jerry Sandusky's reputation as a family man and community stalwart.

Ex-Saint Hargrove says it's not his voice in clip

Posted: 19 Jun 2012 12:54 PM PDT

FILE - From left are NFL football players Jonathan Vilma, in 2011; Anthony Hargrove, in 2010; Will Smith, in 2011; and Scott Fujita, in 2011. The appeals hearing for four players suspended by NFL Commissioner Roger Goodell for their role in the Saints bounty program has begun. On hand at NFL headquarters Monday, June 18, 2012 are all four players: Saints linebacker Jonathan Vilma, who is suspended for the 2012 season; Green Bay defensive end Anthony Hargrove, suspended for eight games; defensive end Will Smith, who has been docked for four games; and Cleveland linebacker Scott Fujita (three games). (AP Photo/File)Former Saints defensive end Anthony Hargrove says it's not his voice saying "Give me the money" in a video used by the NFL as evidence in its investigation of the New Orleans bounty program.

Dimon says JPMorgan was honest with shareholders

Posted: 19 Jun 2012 12:51 PM PDT

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co, testifies before a House Financial Services Committee hearing on "Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss" on Capitol Hill in WashingtonWASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said his bank was upfront with investors about its multibillion-dollar trading loss, even as regulators investigate whether JPMorgan disguised a dramatic rise in risk-taking. Dimon, testifying on Tuesday for the second time in a week before lawmakers about the failed hedging strategy, acknowledged that JPMorgan in January changed a "value-at-risk" model for the trading portfolio in question. ...

JPMorgan risk disclosures called murky versus peers

Posted: 19 Jun 2012 12:51 PM PDT

(Reuters) - JPMorgan Chase & Co gives investors a murkier view of its risk compared to what U.S. competitors disclose, an analyst said on Tuesday. The bank tells investors the maximum money it can expect to lose on 95 percent of the trading days in a quarter, leaving investors unsure about maximum losses for the other 5 percent of days. Key competitors disclose their maximum losses, known as "value-at-risk" or "VaR," for 99 percent of the days in a quarter, according to the report by David Hendler, a veteran banking industry analyst at CreditSights Inc. ...

State media: Egypt's Mubarak suffers stroke

Posted: 19 Jun 2012 12:51 PM PDT

FILE - In this Saturday, June 2, 2012 file photo, Egypt's ex-President Hosni Mubarak lays on a gurney inside a barred cage in the police academy courthouse in Cairo, Egypt. An Egyptian prison official says Hosni Mubarak's health has taken a turn to the worst and is likely to be moved out of his prison hospital to a military facility nearby. The official said Tuesday doctors reported that the 84-year old former president has fallen unconscious. He said they have used a defibrillator to restart his heart, and have been administering breathing aid. (AP Photo, File)Egypt's state news agency said Tuesday that Hosni Mubarak has suffered a stroke, and prison officials said he is likely to be moved out of his prison hospital to a military facility nearby.

Tensions over Falklands surface at G20 summit

Posted: 19 Jun 2012 12:50 PM PDT

LOS CABOS, Mexico (Reuters) - Tension between Britain and Argentina over the Falkland Islands prompted an awkward exchange between President Cristina Fernandez and Prime Minister David Cameron at the G20 summit on Tuesday. Fernandez has launched a wide-ranging diplomatic offensive to assert Argentina's claims to the British-ruled islands 30 years after the Falklands war. She has accused London of maintaining "colonial enclaves" and demanded sovereignty talks. ...

Second audit of Spanish banks on schedule: government

Posted: 19 Jun 2012 12:48 PM PDT

MADRID (Reuters) - A second and more detailed audit of Spanish banks will remain on schedule and release its findings on July 31, a spokesman for Spain's economy ministry said on Tuesday, denying an early report the assessment would be pushed back to September. "There won't be any delay in completing the audit of Spain's banks," the spokesman told Reuters. Earlier, a source at the Bank of Spain had told Reuters the second audit would be delayed to September to give organizers more time to gather information on each bank's loan books. ...

Suspect in body parts case pleads not guilty

Posted: 19 Jun 2012 12:48 PM PDT

In this photo provided by Montreal Police, Luka Rocco Magnotta is taken by police from a Canadian military plane to a waiting van on Monday, June 18, 2012, in Mirabel, Quebec. Magnotta, the suspect in the killing and dismemberment of a Chinese student, returned to Canada via military transport from Germany, where he was arrested this month. (AP Photo/Montreal Police)A Canadian porn actor accused of dismembering his Chinese lover and mailing the body parts to political parties and schools pleaded not guilty Tuesday to five charges including first degree murder.

Study shows health care opponents won in media

Posted: 19 Jun 2012 12:46 PM PDT

Opponents of President Barack Obama's health care plan decisively beat supporters in getting their message across through the media, according to a study released Tuesday.

The search is on for a mutt who will become Benji

Posted: 19 Jun 2012 12:45 PM PDT

In this Thursday, June 14, 2012 photo, Brandon Camp, right, writer, producer and director of the upcoming feature film remake of "Benji," and animal trainer Mark Forbes, check out a 3-month-old fox terrier mix named Fairfield at the Best Friends Animal Society shelter in the Mission Hills area of Los Angeles. Camp, whose father created "Benji" nearly 40 years ago, and veteran movie trainer Forbes have set out to find a new Benji in a nationwide search that includes online tools and sites that weren't around when the first four Benjis were discovered. (AP Photo/Reed Saxon)Have you seen this dog?

Photographer says Alec Baldwin hit him in NYC

Posted: 19 Jun 2012 12:45 PM PDT

FILE - This June 12, 2012 file photo shows actor Alec Baldwin and his fiancee Hilaria Thomas at The Friars Club and Friars Foundation Honor of Tom Cruise at The Waldorf-Astoria in New York. A New York City news photographer says he was punched by Alec Baldwin outside a marriage license bureau in Manhattan. The Daily News reports that Marcus Santos was snapping images of the "30 Rock" star with his fiancée Hilaria Thomas Tuesday, June 19. Santos told the paper that Baldwin grabbed a second news photographer, then started shoving Santos and hit him in the chin. He then walked away. Photos on the newspaper's website appear to show Baldwin shoving the photographer. No police report has been filed. A call to the newspaper's public relations office wasn't returned. (Photo by Evan Agostini/Invision/AP, file)Another anger mismanagement allegation has arisen against Alec Baldwin, this time on his way to the altar.

Violence spikes across southern Afghanistan

Posted: 19 Jun 2012 12:44 PM PDT

A US soldier, part of the NATO forces, patrols a police station after it was attacked by militants in Kandahar, south of Kabul, Afghanistan, Tuesday, June 19, 2012. U.S. and Afghan officials say three individuals dressed in Afghan police uniforms turned their guns on coalition troops Monday in Zhari district of Kandahar province, killing one NATO service member and wounding several others. Monday's attack is among nearly 20 this year that have raised the level of mistrust between the coalition and their Afghan partners as NATO gears up to hand over security to local forces ahead of a 2014 deadline for the withdrawal of combat troops.(AP Photo/Allauddin Khan)KABUL, Afghanistan (AP) —

Susan Tyrrell, known for offbeat film roles, dies

Posted: 19 Jun 2012 12:43 PM PDT

Oscar-nominated actress Susan Tyrrell, known for roles in offbeat films including John Waters' "Cry-Baby," has died. She was 67.

Draft: G-20 will produce plan for global growth

Posted: 19 Jun 2012 12:43 PM PDT

Leaders of the G-20 and guests, from left, FAO Director-General Jose Graziano da Silva, Australia's Prime Minister Julia Gillard, President Barack Obama, Spain's Prime Minister Mariano Rajoy, Germany's Chancellor Angela Merkel, China's President Hu Jintao, Cambodia's Prime Minister Hun Sen, India's Prime Minister Manmohan Singh, Mexico's President Felipe Calderon, Colombia's President Juan Manuel Santos and British Prime Minister David Cameron pose for the family photo of the G-20 Summit in Los Cabos, Mexico, Monday, June 18, 2012. (AP Photo/Andres Leighton)The leaders of the world's largest economies will say they are united behind efforts to boost growth and job creation to repair a global economy roiled by fears over the European financial crisis, according to a draft of the statement to be released Tuesday at the end of the Group of 20 annual meeting.

Spotify offers free radio play on mobile devices

Posted: 19 Jun 2012 12:38 PM PDT

This undated image provided by Spotify shows music artwork displayed on their mobile app. The music-subscription company is joining the ranks of Pandora, Slacker and Songza by offering a free radio service for mobile devices in the U.S. Until June 2012, the company did not enable people to use its mobile app unless they paid $10 per month. (AP Photo/Spotify Radio)The music-subscription company Spotify is joining Pandora, Slacker and Songza in offering a free radio service for mobile devices in the U.S.

Riley selected as Chuck Daly Award recipient

Posted: 19 Jun 2012 12:36 PM PDT

Miami Heat President Pat Riley watches action between the Oklahoma City Thunder and the Miami Heat during the second half at Game 3 of the NBA Finals basketball series, Sunday, June 17, 2012, in Miami. (AP Photo/Lynne Sladky)Pat Riley was walking out of Chuck Daly's hospital room in 2009, got to the doorway and turned around for another word from his longtime colleague, rival and friend.

Ecuador says WikiLeaks founder seeking asylum

Posted: 19 Jun 2012 12:34 PM PDT

FILE - In this Feb. 1, 2012 file photo, Julian Assange, WikiLeaks founder, arrives at the Supreme Court in London. On Tuesday, June 19, 2012, Ecuador's Foreign Minister Ricardo Patino announced in Quito that Assange is seeking asylum at Ecuador's embassy in London, and that Ecuador's government is studying the request. (AP Photo/Kirsty Wigglesworth, File)Ecuador's foreign minister said Tuesday that WikiLeaks chief Julian Assange has taken refuge in the South American nation's embassy in London and is seeking political asylum.

Dow Jones shakes up management in reorg

Posted: 19 Jun 2012 12:34 PM PDT

Dow Jones news ticker is seen at Times square in New York(Reuters) - Dow Jones & Co Chief Executive Lex Fenwick shook up the News Corp unit's management on Tuesday with a series of executive appointments and departures including the resignation of President Todd Larsen. Fenwick, a former Bloomberg LP executive, is making his first high profile move since taking the job in February. News Corp tapped Fenwick with hopes that he could bring his expertise in financial market services to Dow Jones' suite of financial data products, including its Newswires, DJ FX Trade, Factiva and VentureSource database. ...

Museum: Repair of vandalized Picasso going well

Posted: 19 Jun 2012 12:33 PM PDT

Officials at a Texas art museum where a vandal spray-painted a Pablo Picasso painting last week say most of the damage to the more than 80-year-old artwork has been fixed.

'Encouraged' Obama seeks G-20 results on economy

Posted: 19 Jun 2012 12:33 PM PDT

President Barack Obama takes his place with other leaders for the Family Photo during the G20 Summit, Monday, June 18, 2012, in Los Cabos, Mexico. From left, Indonesian President Susilo Bambang Yudhoyono, U.S. President Barack Obama, German Chancellor Angela Merkel, Chinese President Hu Jintao, Indian Prime Minister Manmohan Singh. (AP Photo/Carolyn Kaster)President Barack Obama, closing his final foreign trip before the November election, sought to head home with fresh commitments Tuesday that Europe was racing toward a plan to keep its economic union afloat and its allies from being sucked into recession.

Production begins on Disney's 'Maleficent'

Posted: 19 Jun 2012 12:31 PM PDT

This June 14, 2012 image released by Disney Enterprises, Inc., shows actress Angelina Jolie in the title role of "Maleficent," the villian from the 1959 classic "Sleeping Beauty." The film reveals the events that hardened her heart and drove her to curse the baby, Aurora. Production on the feature film directed by Robert Stromberg, began on June 13, and stars Jolie. Elle Fanning, Imelda Staunton, Miranda Richardson and Juno Temple. Production has started on "Maleficent," with Angelina Jolie starring as the classic Disney villain from "Sleeping Beauty."

Shadowy al-Qaida-linked group claims Israel attack

Posted: 19 Jun 2012 12:29 PM PDT

A Palestinian inspects the debris of a destroyed motorcycle after an Israeli airstrike in Beit Hanoun, northern Gaza Strip, Monday, June 18 2012. Militants crossed from Egypt's turbulent Sinai Peninsula into southern Israel on Monday and opened fire on civilians building a border security fence, defense officials said. One of the Israeli workers was killed, and two assailants died in a gunbattle with Israeli troops responding to the attack. Several hours after the attack, an Israeli airstrike killed two men riding a motorcycle in the northern Gaza Strip near the Israeli border. The Islamic Jihad militant group said the men were members on a "reconnaissance" mission and vowed revenge. (AP Photo/Hatem Moussa)A shadowy group claiming ties to al-Qaida said Tuesday that it carried out a deadly cross-border attack in Israel, the strongest evidence to date to back Israeli claims that the global terror network is operating on its doorstep.

Former Giffords aide sworn in as House member

Posted: 19 Jun 2012 12:29 PM PDT

House Speaker John Boehner, R-Ohio, left, holds a ceremonial swearing in for Rep. Ron Barber, D-Ariz., right, joined by his wife Nancy Barber, who will serve out the term of Rep. Gabrielle Giffords, D-Ariz., on Capitol Hill in Washington, Tuesday, June 19, 2012. Barber is a former Giffords staffer who also was wounded in the mass shooting that critically wounded Giffords last year. He was officially sworn-in on the House Floor just before joining his family for photos. (AP Photo/J. Scott Applewhite)Ron Barber, who almost died in the Arizona shooting that wounded former Arizona Rep. Gabrielle Giffords, was sworn in Tuesday as a member of the House.

Psychologist: Sandusky has personality disorder

Posted: 19 Jun 2012 12:26 PM PDT

Former Penn State University assistant football coach Jerry Sandusky arrives at the Centre County Courthouse in Bellefonte, Pa., Tuesday, June 19, 2012. Sandusky is charged with 51 counts of child sexual abuse involving 10 boys over a period of 15 years. (AP Photo/Gene J. Puskar)Jerry Sandusky has a personality disorder that might explain the "creepy" letters he sent to one of his accusers, a psychologist said Tuesday

Europe rebuffs G20 pressure to speed up euro rescue

Posted: 19 Jun 2012 12:26 PM PDT

U.S. President Barack Obama meets with Russian President Putin in Los CabosLOS CABOS, Mexico (Reuters) - European leaders rejected pressure to deliver quick new measures to fight their debt crisis at a summit of world leaders and promised to press on with a longer-term plan for closer economic integration in the hope that will settle jittery markets. European countries signaled to the Group of 20 that they was considering concrete steps to integrate their banking sectors, a major reform sought by the United States and other nations to break the cycle of highly indebted countries rescuing failing banks, which only pushes governments ever deeper into debt. ...

Church abuse victim faces trial for beating priest

Posted: 19 Jun 2012 12:25 PM PDT

William Lynch listens during an interview in San Francisco, Monday, June 18, 2012. Lynch was charged with savagely beating Rev. Jerold Lindner. Lynch dreamed for years about confronting the Jesuit priest he says molested him and his little brother more than 30 years ago during a camping trip. Now, as Lynch prepares to go to trial on felony assault and elder abuse charges for attacking Lindner in the lobby of his retirement home.(AP Photo/Paul Sakuma)More than 35 years after William Lynch says he and his little brother were molested by a priest during a camping trip in the Santa Cruz Mountains, he will get his longtime wish to face the aging Jesuit in court for the first time. But it is Lynch who is going on trial.

World stocks turn higher despite eurozone strains

Posted: 19 Jun 2012 12:24 PM PDT

A French trader monitors shares prices in ParisWorld stocks and the euro rose on Tuesday amid hopes of more stimulus measures from the US Federal Reserve and despite strains on Spain and poor investor sentiment in Germany.

Agent: Comic actor Victor Spinetti dies age 82

Posted: 19 Jun 2012 12:24 PM PDT

FILE In this file photo of Nov. 2, 1972 Victor Spinetti poses outside the Palace Theatre, Cambridge Circus, London. Victor Spinetti, a comic actor who appeared in three Beatles movies and won a Tony on Broadway, has died, his agent said Tuesday June 19, 2012. He was 82. Spinetti died Tuesday morning June 19, 2012 after suffering from cancer for several years, said Barry Burnett, the actor's close friend and agent. Spinetti won a Tony award in 1965 for his Broadway performance in "Oh, What a Lovely War," but became most well-known for his appearances in the Beatles movies "A Hard Day's Night," ''Help," and "Magical Mystery Tour." (AP Photo/ PA Wire)Victor Spinetti, a comic actor who appeared in three Beatles movies and won a Tony on Broadway, has died, his agent said Tuesday. He was 82.

Intriguing Open produces major mystery for Woods

Posted: 19 Jun 2012 12:24 PM PDT

Tiger Woods acknowledges the crowd on the 18th hole during the fourth round of the U.S. Open Championship golf tournament Sunday, June 17, 2012, at The Olympic Club in San Francisco. (AP Photo/Ben Margot)He was sure Tiger Woods was going to win the U.S. Open.

Discover says credit card use rose in 2Q

Posted: 19 Jun 2012 12:24 PM PDT

Despite concerns about the economy, Discover's customers are using their cards more often and paying their bills on time at record rates.

Greek coalition government possible Wednesday

Posted: 19 Jun 2012 12:22 PM PDT

Greek Socialist PASOK party leader Evangelos Venizelos speaks to reporters after a meeting with Democratic Left leader Fotis Kouvelis in the Parliament in Athens, on Tuesday, June 19, 2012. Greek Socialist PASOK party leader Evangelos Venizelos, right, welcomes Democratic Left leader Fotis Kouvelis in his office at the Parliament in Athens, on Tuesday, June 19, 2012. Rival Greek party leaders launched a second day of talks on Tuesday in an attempt to quickly form a pro-bailout coalition government, after the debt-crippled country's second inconclusive election in six weeks. Antonis Samaras' New Democracy party came first in Sunday's vote, winning 129 of Parliament's 300 seats — not enough for him to govern alone. He is seeking an alliance with the third-placed Socialist PASOK and the smaller Democratic Left party. (AP Photo/Kostas Tsironis)A coalition government could be formed by mid-Wednesday in Greece, the head of the country's socialist party said Tuesday, easing the nation from political limbo as it struggles to deal with a financial crisis that has affected Europe's economy and markets around the world.

Judge bars Fort Hood shooting suspect from hearing

Posted: 19 Jun 2012 12:21 PM PDT

FILE - The 2007 file photo provided by the Uniformed Services University of the Health Sciences (USUHS) shows Nidal Malik Hasan when he undertook the Disaster and Military Psychiatry Fellowship program. Hasan is charged in the fatal 2009 shooting rampage at Fort Hood which killed 13 people and injured more that 30 others. He faces the death penalty if convicted. (AP Photo/Uniformed Services University of the Health Sciences, File)An Army psychiatrist charged in a deadly shooting rampage at Fort Hood was barred from military court by the judge Tuesday because he still has a beard.
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