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Friday, June 22, 2012

China, Bhutan look to establish formal ties

China, Bhutan look to establish formal ties


China, Bhutan look to establish formal ties

Posted: 22 Jun 2012 01:26 PM PDT

Chinese Premier Wen JiabaoChina and the remote Himalayan nation of Bhutan have agreed to establish diplomatic relations and resolve a long-standing border dispute, China's foreign ministry said.


EURO 2012 LIVE: Germany 4, Greece 1

Posted: 22 Jun 2012 01:25 PM PDT

Germany's Philipp Lahm, left, celebrates after scoring during the Euro 2012 soccer championship quarterfinal match between Germany and Greece in Gdansk, Poland, Friday, June 22, 2012. (AP Photo/Frank Augstein)In the second quarterfinal at Euro 2012, Germany plays Greece on Friday. Here's the best of the action and match-day excitement. All times are local to Poland.


Euro 2012 Germany vs Greece: Live Report

Posted: 22 Jun 2012 01:28 PM PDT

Greece's goal led a charmed life until the 39th minute goal by Philippe Lahm (right)77 mins: The veteran Klose goes off and is replaced by Mario Gomes - the tournament's top scorer with three goals. Hardly a weakening of the German team,then!


Under-fire UN meet to issue environment, poverty plan

Posted: 22 Jun 2012 01:21 PM PDT

A Brazilian native arrives at the venue of the UN summit in Rio de Janeiro, BrazilA global summit to root out poverty and fix Earth's worsening environment was set to wrap up here Friday, issuing a roster of promises that many critics have already branded as pallid or gutless.


Moody's cuts ratings on 24 gas prepayment bonds

Posted: 22 Jun 2012 01:20 PM PDT

(Reuters) - Moody's Investors Service on Friday cut ratings on 24 issues of gas prepayment bonds worth about $19 billion. The Wall Street credit ratings agency said the downgrades were knock-on actions from Thursday's rating cuts by Moody's for Citigroup, Inc, Goldman Sachs Group, Inc, Credit Agricole Corporate & Investment Bank, JPMorgan Chase & Co, Merrill Lynch & Co, Morgan Stanley, BNP Paribas, Royal Bank of Canada and Societe Generale. "These entities support certain payment obligations of the bonds," Moody's said in a statement. (Reporting by Michael Connor in Miami)

DirecTV cuts 3-D channel from 24-hour to part-time

Posted: 22 Jun 2012 01:19 PM PDT

DirecTV says it has reduced the programming hours of its 24-hour 3-D channel, n3D, due to a shortage of 3-D content.

Moroccan pleads guilty to U.S. Capitol bomb attempt

Posted: 22 Jun 2012 01:18 PM PDT

Police photograph of bombing plot suspect Amine El KhalifiALEXANDRIA, Virginia (Reuters) - A Moroccan man pleaded guilty on Friday to attempting to bomb the U.S. Capitol building in Washington in February, 2012, and could face up to 30 years in prison. Amine El Khalifi, 29, an illegal immigrant living in Alexandria, Virginia, struck an agreement with prosecutors under which he pleaded guilty in U.S. federal court in Virginia. He was charged with attempting to use a weapon of mass destruction against property owned and used by the United States, intending to detonate a bomb and to shoot people. "I plead guilty," he said, standing before Judge James C. ...


Elvis Presley's crypt pulled from auction block

Posted: 22 Jun 2012 01:15 PM PDT

FILE - In this undated file photo released by Julien's Auctions, singer Elvis Presley's Crypt in the Forest Hill Cemetery in Memphis, Tenn., will be auctioned as part of Music Icons June 23rd & 24th, 2012, at Julien's Auctions in Beverly Hills, Calif. Presley was interred there alongside his mother, Gladys, after he died Aug. 16, 1977, and reburied later at Graceland. On June 22, 2012, Elvis Presley's crypt was pulled from the auction due to fan outcry. (AP Photo/Julien's Auctions, File)Elvis Presley's crypt has left the auction block.


EURO 2012 LIVE: Germany 3, Greece 1

Posted: 22 Jun 2012 01:14 PM PDT

Germany's Philipp Lahm, left, celebrates after scoring during the Euro 2012 soccer championship quarterfinal match between Germany and Greece in Gdansk, Poland, Friday, June 22, 2012. (AP Photo/Frank Augstein)In the second quarterfinal at Euro 2012, Germany plays Greece on Friday. Here's the best of the action and match-day excitement. All times are local to Poland.


Insight: Wells Fargo's mushrooming mortgage risk

Posted: 22 Jun 2012 01:11 PM PDT

File photo of a man walking past a Wells Fargo Bank branch on a rainy morning in WashingtonWEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York investment banks that drove the housing market into a bust. One out of every three home loans in the United States is now funded by Wells Fargo & Co, whose mortgage operation sits in a business park next door to a country club on the outskirts of Iowa's capital city. Wells Fargo scaled back its subprime lending in 2004, well before the housing crash. ...


EURO 2012 LIVE: Germany 1, Greece 1

Posted: 22 Jun 2012 01:11 PM PDT

Germany's Philipp Lahm, left, celebrates after scoring during the Euro 2012 soccer championship quarterfinal match between Germany and Greece in Gdansk, Poland, Friday, June 22, 2012. (AP Photo/Frank Augstein)In the second quarterfinal at Euro 2012, Germany plays Greece on Friday. Here's the best of the action and match-day excitement. All times are local to Poland.


Expert: Poor plan led to Calif cop-on-cop shooting

Posted: 22 Jun 2012 01:11 PM PDT

Knowing that one of their officers was having sex with a 17-year-old Explorer program member, police in the central coast city of Santa Maria hatched a plan to immediately arrest him after he indicated he would rather kill himself than go to jail.

US stocks bounce back; big banks creep higher

Posted: 22 Jun 2012 01:11 PM PDT

Traders John Panin, left, and Edward Curran confer on the floor of the New York Stock Exchange Friday, June 22, 2012. Stocks are rising a day after suffering their second-worst loss this year. (AP Photo/Richard Drew)The stock market is bouncing back, a day after suffering its second-worst loss this year.


Rangers recovering 1 of their own after fatal fall

Posted: 22 Jun 2012 01:27 PM PDT

A ground support team of climbing rangers heads up the Glacier Basin Trail toward Camp Schurman on the east side of Mount Rainier, Friday, June 22, 2012. They are participating in the operation begun the previous day which rescued a fallen party of climbers near the top of the mountain and resulted in the death by falling of climbing ranger Nick Hall. (AP Photo/The News Tribune, Peter Haley)The family of a Mount Rainier National Park ranger who died while helping rescue four climbers both grieved and celebrated his life Friday, as authorities faced the grim task of recovering the body of one of their own.


Paraguay Senate begins president's trial

Posted: 22 Jun 2012 01:08 PM PDT

Soldiers stand guard outside the Presidential Palace, in Asuncion, Paraguay, Friday, June 22, 2012. Paraguayan lawmakers voted Thursday to impeach President Fernando Lugo for his role in a deadly clash involving landless farmers and police. Lugo's impeachment trial was to begin Friday in Paraguay's Senate. (AP Photo/Jorge Saenz)Paraguay's Senate put President Fernando Lugo on trial Friday in an impeachment process that could end with the former Catholic bishop's ouster and test the limits of South American country's fragile democracy.


Sandusky jury seeks guidance on janitor testimony

Posted: 22 Jun 2012 01:06 PM PDT

Former Penn State University assistant football coach Jerry Sandusky arrives at the Centre County Courthouse in Bellefonte, Pa., Friday, June 22, 2012. Sandusky is accused of sexual abuse of 10 boys over a 15-year period. (AP Photo/Gene J. Puskar)Juror questions in Jerry Sandusky's sexual abuse trial are focusing on the two alleged victims still unknown to investigators.


Until death, Texas inmate tried to clear name

Posted: 22 Jun 2012 01:06 PM PDT

Relatives and friends of a Texas inmate freed after 24 years in prison say he spent his final days still trying to clear his name.

Heat took the tougher road to this title

Posted: 22 Jun 2012 01:03 PM PDT

Miami Heat small forward LeBron James rests his hand on the Larry O'Brien NBA Championship Trophy during a news conference after Game 5 of the NBA finals basketball series against the Oklahoma City Thunder, Friday, June 22, 2012, in Miami. The Heat won 121-106 to become the 2012 NBA Champions. His most valuable player trophy is at right. (AP Photo/Lynne Sladky)A year ago, with an easier path, the Miami Heat fell short of their championship goal.


Flynn's 'Gone Girl' poised to be summer thriller

Posted: 22 Jun 2012 01:03 PM PDT

This June 19, 2012 photo shows Gillian Fllynn, author of "Gone Girl" in Chicago. Flynn's third novel, "Gone Girl," is the perfect beach read - boy meets girls, boy marries girl, girl goes missing on their fifth wedding anniversary. "Gone Girl" has been selling for summer, entering the New York Times bestseller hardcover fiction list at No. 2 for the week of June 24 and earning a top-ten spot on Amazon's Top 100 list. (AP Photo/M. Spencer Green)Gillian Flynn's third novel, "Gone Girl," is the perfect beach read — boy meets girl, boy marries girl, girl goes missing on their fifth wedding anniversary.


Hope in Athens as Greece take on Germany

Posted: 22 Jun 2012 01:01 PM PDT

A fan of Greece's national football team reacts ahead of the Euro 2012 football championships quarter-final matchGreek fans voiced hope on Friday as a longed-for Euro 2012 quarter final clash with Germany got underway just days after landmark elections in the middle of a devastating economic crisis.


Zynga.com to show Facebook ads

Posted: 22 Jun 2012 01:00 PM PDT

Zynga is starting to show ads from Facebook on Zynga.com, its stand-alone website that lets people play its online games away from Facebook.

Buffett's Berkshire buys Waco newspaper

Posted: 22 Jun 2012 12:58 PM PDT

Billionaire Warren Buffett's company Berkshire Hathaway Inc. is expanding its newsprint division, buying the Waco Tribune-Herald, its second newspaper in Texas, the company announced Friday.

It's an isolated life for Sandusky trial jurors

Posted: 22 Jun 2012 12:57 PM PDT

In this June 20, 2012 photo, Matt Sandusky, adopted son of Jerry Sandusky, right, leaves the Centre County Courthouse in Bellefonte, Pa. Just a few hours into jury deliberations. On Thursday, June 22, 2012, Matt Sandusky, came forward for the first time to say in a statement that his father had abused him. The statement didn't detail the abuse allegation. (AP Photo/Gene J. Puskar, File)There's no Twitter, Facebook or radio. Smartphones, iPads or laptops? No way. And the phones and televisions were removed from their hotel rooms.


FACT CHECK: Romney, Obama on immigration plans

Posted: 22 Jun 2012 12:57 PM PDT

President Barack Obama speaks at The National Association of Latino Elected and Appointed Officials' Annual Conference at the Walt Disney World Resort, Friday, June 22, 2012, in Lake Buena Vista, Fla. (AP Photo/Carolyn Kaster)President Barack Obama flatly blamed Republicans on Friday for failing to support immigration reforms in the last few years.


Hill bargainers: Student loan deal seems near

Posted: 22 Jun 2012 12:57 PM PDT

President Barack Obama speaks in the East Room of the White House, Thursday, June 21, 2012, in Washington, to call on Congress to stop interest rates on student loans from doubling on July 1. (AP Photo/Carolyn Kaster)Congressional bargainers seem near an agreement that would avert a July 1 doubling of interest rates on federal loans to 7.4 million college students and end an election-year battle between President Barack Obama and Congress, Senate aides from both parties said Friday.


NYPD: Man swipes Dali painting from art gallery

Posted: 22 Jun 2012 12:56 PM PDT

This image provided by the New York Police Department shows a 1949 Salvador Dali painting, called "Cartel des Don Juan Tenorio." A man is suspected of stealing the $150,000 Salvador Dali painting from a Manhattan art gallery Thursday June 21, 2012. Police say the man walked into the Venus Over Manhattan art gallery on Madison Avenue posing as a customer and removed the watercolor and ink painting from the wall, put it in a bag, and fled. The 1949 painting, called "Cartel des Don Juan Tenorio," was part of the gallery's inaugural exhibition. (AP Photo/New York Police Department)A thief who swiped a Salvador Dali painting off the wall of a New York art gallery may have escaped, but experts say the painting will likely be recovered when it comes back onto the art market.


Kaneria to appeal lifetime ban

Posted: 22 Jun 2012 12:55 PM PDT

Danish Kaneria has not played for Pakistan since making the last of his 61 Test appearances in 2010Pakistan leg-spinner Danish Kaneria said Friday he will appeal the lifetime ban handed down to him by the England and Wales Cricket Board (ECB) for his role in a spot-fixing scandal.


Financially-strapped Nevada city declared disaster

Posted: 22 Jun 2012 12:55 PM PDT

A visitor to the new North Las Vegas City Hall building walks down an outdoor corridor lined with marble columns, Thursday, June 21, 2012, in North Las Vegas, Nev. Despite its suburban trimmings, this blue-collar, family-oriented city outside Las Vegas is officially a disaster area. After five years of declining property taxes, massive layoffs and questionable spending choices, North Las Vegas city leaders declared a state of emergency earlier this month. (AP Photo/Julie Jacobson)There are no signs of rioters, wind-damaged homes or flooding. The brand new City Hall features gleaming marble floors and the public recreation centers offer Zumba, karate and Pilates classes.


EURO 2012 LIVE: Germany 1, Greece 0

Posted: 22 Jun 2012 12:53 PM PDT

Germany's Philipp Lahm, left, celebrates after scoring during the Euro 2012 soccer championship quarterfinal match between Germany and Greece in Gdansk, Poland, Friday, June 22, 2012. (AP Photo/Frank Augstein)In the second quarterfinal at Euro 2012, Germany plays Greece on Friday. Here's the best of the action and match-day excitement. All times are local to Poland.


Pakistan gets new PM amid political turmoil

Posted: 22 Jun 2012 12:52 PM PDT

Pakistan's premier-designate Raja Pervaiz Ashraf meets his supporters in Islamabad, Pakistan, on Friday, June 22, 2012. Pakistan's ruling party named a loyalist tainted both by corruption allegations and failure to end the country's energy crisis as its candidate for prime minister, setting up what is likely to be a short and turbulent premiership. (AP Photo/B.K. Bangash)Pakistani lawmakers elected a ruling party loyalist with a checkered past as prime minister on Friday, restoring government to the country after days of political turmoil.


Analysis: Sizing up Penn State's liability in abuse scandal

Posted: 22 Jun 2012 12:48 PM PDT

NEW YORK (Reuters) - The Jerry Sandusky trial has been loaded with detailed allegations of child sex abuse against the one-time Penn State assistant football coach, but it has revealed little about the university's potential liability in the scandal. That is likely to change in a related prosecution of two former university officials: athletic director Tim Curley and finance official Gary Schultz. ...

Brotherhood insists on Egypt vote win, Tahrir presses

Posted: 22 Jun 2012 12:48 PM PDT

Muslim Brotherhood presidential candidate Mohamed Morsi said the Brotherhood wants neither "confrontation nor violence"The Muslim Brotherhood expects its anticipated presidential election win to be respected, its candidate said Friday, as the group's supporters packed Cairo's Tahrir Square to pressure Egypt's ruling military.


European stimulus pushes oil higher

Posted: 22 Jun 2012 12:46 PM PDT

Europe's latest attempt to revive its economy drove the price of oil 2 percent higher Friday, reversing a sharp, two-day drop.

A battle for Internet freedom as UN meeting nears

Posted: 22 Jun 2012 12:45 PM PDT

FILE - In this April 13, 2012, file photo United Nations Secretary-General Ban Ki-moon, center, speaks with Hamadoun Toure, Secretary-General of the International Telecommunication Union (ITU),during a photo session of the UN Chief Executive Board in Geneva, Switzerland. Secret negotiations, preparing for a first-ever summit on international telecommunications, have sparked a wave of rumors, the juiciest of which has the UN seizing control of the Internet from a coalition of nongovernmental organizations that establish web policies, standards and rules. Toure, who will be running the World Conference on International Telecommunications in Dubai this December calls the rumor A year after the Internet helped fuel the Arab Spring uprisings, the role cyberspace plays in launching revolutions is being threatened by proposed changes to a United Nations telecommunications treaty that could allow countries to clamp down on the free flow of information.


Moody's downgrades $45 billion of U.S. muni debt

Posted: 22 Jun 2012 12:44 PM PDT

(Reuters) - Moody's Investors Service downgraded a total of $45 billion of U.S. obligations issued by 1,675 public finance issuers on Friday, saying they were dependent upon the credit ratings of the 15 banks the agency cut the day before. The banks involved provided "support (that) includes letters of credit, standby bond purchase agreements, and other liquidity facilities," Moody's said in a statement. Moody's late on Thursday cut the credit ratings of 15 of the world's leading banks by one to three notches to reflect the risk of losses they face in volatile capital markets. ...

Annan presses for unity on Syria, including Iran

Posted: 22 Jun 2012 12:43 PM PDT

GENEVA (Reuters) - Iran must be part of any solution to end the crisis in Syria and pave the way for a political transition, but time is running out because world powers are failing to agree on the next steps, international mediator Kofi Annan warned on Friday. Iran, an ally and neighbor of Syria, is the subject of a standoff between the United States and Russia, which differ not only on resolving Syria, but also on Iran's nuclear program. Annan wants the five permanent members of the U.N. ...

Azerbaijan pardons prisoners jailed after protests

Posted: 22 Jun 2012 12:43 PM PDT

The president of Azerbaijan has pardoned 66 convicts, including nine youth activists arrested during a wave of anti-government protests last year inspired by the Arab Spring.

Guest lineups for the Sunday news shows

Posted: 22 Jun 2012 12:42 PM PDT

Guest lineups for the Sunday TV news shows:

2 Iranian terror suspects arrested in Kenya

Posted: 22 Jun 2012 12:42 PM PDT

A Kenyan official says police officers have arrested two Iranians suspected of being involved in terrorism.

U.S. probes visit by Egyptian militant group member

Posted: 22 Jun 2012 12:38 PM PDT

WASHINGTON (Reuters) - The U.S. State Department on Friday said it was investigating the case of an Egyptian lawmaker who visited Washington for official talks despite saying he was a member of a group the United States bans as a "foreign terrorist organization." State Department spokeswoman Victoria Nuland declined to discuss specifics of the case involving Hani Nour Eldin, who the online Daily Beast reported was both a member of parliament and a self-proclaimed member of Gama'a al-Islamiyya (IG), blamed for a spate of violence in Egypt in the 1990s. ...

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