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Thursday, June 21, 2012

Oil price drops below $80 for 1st time since Oct.

Oil price drops below $80 for 1st time since Oct.

Oil price drops below $80 for 1st time since Oct.

Posted: 21 Jun 2012 12:51 PM PDT

The price of oil has dipped below $80 a barrel for the first time since October on growing concerns about the global economy.

Euro 2012 Czech Republic vs Portugal: Live Report

Posted: 21 Jun 2012 12:52 PM PDT

Czech Republic's fans react after arriving in a special train from Prague to Warsaw46 mins: Portugal storm out the blocks and nearly take the lead as Meireles collects a loose ball and crosses for Almeida who thumps his close-range header over the bar when it would have been easier to hit the target.

What's up with Google's plan to split its stock

Posted: 21 Jun 2012 12:48 PM PDT

Google workers ride bikes outside of Google headquarters in Mountain View, Calif., Thursday, April 12, 2012. Google Inc. said Thursday that it earned $2.89 billion, or $8.75 per share, in the first quarter. That's up from $1.8 billion, or $5.51 per share, a year earlier. (AP Photo/Paul Sakuma)Google's shareholders are expected to approve on Thursday the company's plan to issue a new class of stock. Google's co-founders, Larry Page and Sergey Brin, and Executive Chairman Eric Schmidt are pushing for the move to ensure that they maintain long-term control of the company.

Cuban blog gathering prompts official criticism

Posted: 21 Jun 2012 12:47 PM PDT

Cuban bloggers and tweeters have gathered in Havana for a technology and social media forum that official media denounced as subversive.

1-2 punch: Felix, Gay go for spots on track team

Posted: 21 Jun 2012 12:47 PM PDT

Now that everyone knows which two races Allyson Felix will run, it's time to find out if Tyson Gay is fit enough to win even one.

US provides Yemen with additional $52 million aid

Posted: 21 Jun 2012 12:47 PM PDT

A top U.S. aid official says the United States plans to give Yemen an additional $52 million in aid for areas hit hard by Yemen's war on al-Qaida.

ICRC retreats from Homs, evacuation plan stalled

Posted: 21 Jun 2012 12:45 PM PDT

GENEVA (Reuters) - Aid workers hoping to evacuate trapped civilians and the wounded were unable to enter hard-hit areas of the Syrian city of Homs on Thursday due to shooting and an "unclear" security situation, the International Committee of the Red Cross (ICRC) said. Government forces and rebels had both agreed on Wednesday to an ICRC request for a truce for humanitarian reasons after more than 10 days of intense fighting. But when a team from the ICRC and Syrian Arab Red Crescent headed to the old city of Homs on Thursday morning, they heard shots, a spokesman said. ...

Syrian fighter pilot defects to Jordan, gets asylum

Posted: 21 Jun 2012 12:45 PM PDT

Man looks out from a damaged building at Al Khalidieh near HomsAMMAN (Reuters) - A Syrian air force pilot flew his MiG-21 fighter plane over the border to Jordan and was granted political asylum on Thursday, the first defection with a military aircraft since the start of the uprising against President Bashar al-Assad. The pilot landed at the King Hussein military air base 80 km (50 miles) northeast of Amman and immediately asked for sanctuary, Jordanian officials told Reuters. "The cabinet has decided to grant the Syrian pilot political asylum upon his request," Jordan's Minister of State for Information Samih al-Maaytah told Reuters. ...

Spain may need 62 billion euro to rescue banks

Posted: 21 Jun 2012 12:43 PM PDT

A man cleans a window of a bank branch in MadridMADRID (Reuters) - Spain's banks would need 51-62 billion euros ($64-78 billion) in extra capital to weather a serious downturn in the economy, less than a 100-billion-euro aid package offered by the euro zone, independent audits showed on Thursday. The Spanish government will use the reports by consultancies Roland Berger and Oliver Wyman to determine how much aid it will take to recapitalize its ailing lenders. ...

Sandusky jurors begin deliberating sex abuse case

Posted: 21 Jun 2012 12:42 PM PDT

Former Penn State University assistant football coach Jerry Sandusky arrives at the Centre County Courthouse in Bellefonte, Pa., Thursday, June 21, 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)Jurors in Jerry Sandusky's child sexual abuse case began deliberations Thursday after prosecutors described him as a serial molester who groomed his victims, while his defense lawyer said the former Penn State assistant football coach was being victimized by an overzealous prosecution and greedy accusers.

Israel to press visiting Putin on Iran

Posted: 21 Jun 2012 12:41 PM PDT

Russian President Vladimir Putin speaks at the economic forum in St. Petersburg, Russia, Thursday, June 21, 2012. Putin has appointed a presidential ombudsman vested with special powers to defend the rights of company owners and directors in an attempt by the Kremlin to attract foreign investment. Putin made the announcement at a major economic forum in St. Petersburg on Thursday.(AP Photo/RIA-Novosti, Alexei Nikolsky, Presidential Press Service)When Vladimir Putin visits Israel next week, the world may want to pay attention: The Iranian nuclear program will top the agenda — and the steely Russian president, widely viewed as coddling the Iranians, may hold the key to avoiding a potential slide into another Middle East war.

Poll: Romney closes in on Obama, economic angst up

Posted: 21 Jun 2012 12:41 PM PDT

In this June 19, 2012, file photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in Holland, Mich. A new Associated Press-GfK poll shows that Republican challenger Romney has moved into a virtually even position with the president after three months of declining job creation that have left the public increasingly glum. Fewer Americans believe the economy is getting better and a majority disapproves of how President Barack Obama is handling it. Only 3 out of 10 adults say the country is headed in the right direction. (AP Photo/Evan Vucci)Fighting a swell of economic anxiety, President Barack Obama has lost much of the narrow lead he held just a month ago over Mitt Romney and the two now are locked in a virtually even race for the White House, according to a new Associated Press-GfK poll. The survey also found a majority of Americans disapproving of how the Democratic president is handling a national economy that fewer people think is improving.

Syria fighter pilot defects in new blow to Assad

Posted: 21 Jun 2012 12:40 PM PDT

The Syrian air force Russian-made MiG-21 plane that a pilot landed in northern JordanA Syrian pilot was granted political asylum after landing his MiG fighter jet in neighbouring Jordan on Thursday, in the first such defection of a revolt a watchdog says has killed more than 15,000 people.

Norway prosecutors assert that Breivik insane

Posted: 21 Jun 2012 12:37 PM PDT

Anders Behring Breivik, the confessed gunman who killed 77 people last year in a bomb and shooting rampage, center, reacts in court as prosecutors deliver their closing arguments in the court in Oslo, Norway Thursday June 21, 2012. (AP Photo/Berit Roald/Scanpix NTB POOL)If Norwegian prosecutors get their way, no one will be held criminally responsible for the deaths of 77 people in a bomb and shooting rampage that roiled the peaceful nation.

BCS changes: Why now? Who wins and who loses?

Posted: 21 Jun 2012 12:36 PM PDT

FILE - In this July 26, 2011, file photo, Pac-12 Commissioner Larry Scott talks during the Pac-12 NCAA college football media day in Los Angeles. The BCS commissioners, including Scott, are backing a playoff plan with the sites for the national semifinals rotating among the major bowl games and a selection committee picking the teams, Notre Dame Athletic Director Swarbrick said Wednesday, June 20, 2012. (AP Photo/Reed Saxon, File)College football is headed toward a new era, with a four-team playoff deciding the champion starting in 2014. As the conference commissioners have said over and over during the six months it has taken for them to come up with a playoff plan to present to university presidents for approval, "The devil is in the details."

EURO 2012 LIVE: Czech Rep. 0 Portugal 0

Posted: 21 Jun 2012 12:53 PM PDT

Portugal's Cristiano Ronaldo and Czech Republic's Theodor Gebre Selassie vie for the ball during the Euro 2012 soccer championship quarterfinal match between Czech Republic and Portugal in Warsaw, Poland, Thursday, June 21, 2012. (AP Photo/Ivan Sekretarev)In the first quarterfinal at Euro 2012, the Czech Republic plays Portugal on Thursday. Here is a running account of the action. All times are local to Poland.

Kemp hopes to be healthy for All-Star game

Posted: 21 Jun 2012 12:33 PM PDT

Dodgers slugger Matt Kemp hopes to play in the All-Star game next month in Kansas City — as long as he's sure he will be healthy for the stretch run with NL West-leading Los Angeles.

EURO 2012 LIVE: Czech Rep. vs. Portugal

Posted: 21 Jun 2012 12:32 PM PDT

Portugal's Cristiano Ronaldo and Czech Republic's Theodor Gebre Selassie vie for the ball during the Euro 2012 soccer championship quarterfinal match between Czech Republic and Portugal in Warsaw, Poland, Thursday, June 21, 2012. (AP Photo/Ivan Sekretarev)In the first quarterfinal at Euro 2012, the Czech Republic plays Portugal on Thursday. Here is a running account of the action. All times are local to Poland.

NFL Referees Association files charge with NLRB

Posted: 21 Jun 2012 12:31 PM PDT

The NFL Referees Association filed an unfair labor practice charge against the league with the National Labor Relations Board.

Lions speared: Kenya's human-animal conflicts grow

Posted: 21 Jun 2012 12:31 PM PDT

Kenya Wildlife Service rangers load the carcasses of six lions speared to death by residents of Oloika area in retaliation after the lions raided a boma (livestock enclosure) and ate four goats, in Kitengela, Kajiado County, Kenya, Wednesday, June 20, 2012. The Kenya Wildlife Service said the killings are a big loss to Kenya's economy, given the number of tourists who travel to Kenya to see big game. The lions had strayed outside of Nairobi National Park in search of food when they killed the goats. (AP Photo/Dennis Kibet)Crouching at dawn in the savannah's tall grass, the lions tore through the flesh of eight goats. Dogs barked, women screamed and men with the rank of warrior in this village of Maasai tribesman gathered their spears.

Northeast temperatures soar for 2nd day

Posted: 21 Jun 2012 12:29 PM PDT

Lucas Olivo, 6, of Cheverly, Md., opens his mouth wide while running through a wall of water at Yards Park in Washington, on Thursday, June 21, 2012. Heat index values are expected to exceed 100 degrees across the northeast Thursday, according to the National Weather Service. (AP Photo/Jacquelyn Martin)Temperatures in the Northeast soared into the upper 90s Thursday for a second day as residents fled to pools and beaches, tourists reorganized their sightseeing itineraries and street vendors and store owners made a small fortune selling bottled water and other cold drinks.

Air France to shed over 5,000 jobs by 2014

Posted: 21 Jun 2012 12:29 PM PDT

Air France CEO Alexandre de JuniacAir France said Thursday it is to slash over 5,000 jobs or around 10 percent of its workforce in voluntary departures by 2014 as part of a vast plan to make the struggling French airline profitable.

Families say they weren't told of 9/11 scholarship

Posted: 21 Jun 2012 12:29 PM PDT

Amy Newton, left, and her daughter Sarah, 18, pose on the campus of Texas Christian University in Fort Worth, Texas, Thursday, June 14, 2012. They were hoping to receive a scholarship from a California fund for 9/11 victims but were informed they didn't qualify because they now lived in Virginia. Amy Newton is the widow of Christopher Newton, a third generation Californian who was a few weeks into the process of moving his family and business to Virginia when his plane was hijacked. (AP Photo/Rex C. Curry)Some Californians who lost parents or spouses in the Sept. 11 attacks were unaware of a scholarship program funded by fees from a specialty memorial license plate, while millions of dollars from the plates went to plug the state's persistent budget deficits.

Attorney General says contempt citation unwarranted

Posted: 21 Jun 2012 12:28 PM PDT

Holder listens to a question as he testifies before the Senate Judiciary Committee on Capitol Hill in WashingtonCOPENHAGEN (Reuters) - Attorney General Eric Holder on Thursday dismissed as unwarranted a vote by a congressional committee to charge him with contempt of Congress after the Obama administration withheld documents related to a failed gun-running investigation. "The action that the committee took yesterday was unwarranted, unnecessary and unprecedented," he said after meeting European Union justice officials in the Danish capital. ...

Report: Southeast, Gulf need deeper port harbors

Posted: 21 Jun 2012 12:26 PM PDT

A federal agency says seaports in the Southeast region need the most help getting ready to trade with supersized cargo ships expected to arrive soon through an expanded Panama Canal.

Greek bailout wish-list sets up showdown with Europe

Posted: 21 Jun 2012 12:25 PM PDT

General view of the first cabinet meeting of Greece's new coalition government in AthensATHENS (Reuters) - Greece's new government promised on Thursday to renegotiate the terms of the country's bailout without endangering its future in the euro, responding to intense pressure to ease mounting social tensions but also risking a showdown with European powers. The three-party coalition called for changes to the deal that is helping Greece avoid bankruptcy after the announcement of an 18-member cabinet dominated by the conservative New Democracy party of Prime Minister Antonis Samaras. ...

Tesla's new sedan will make or break the company

Posted: 21 Jun 2012 12:25 PM PDT

FILE- In this Oct. 27, 2010, file photo, the new Tesla Model S electric sedan is shown during the unveiling of the new Tesla factory in Fremont, Calif. Tesla Motors, which has lost nearly $1 billion selling high-end electric sports cars to the likes of George Clooney will offer its first mass-market, five-seat sedan Friday, June 22, 2012. (AP Photo/Paul Sakuma, File)It's a make or break moment for electric-car maker Tesla Motors.

SmartMoney to close print edition, boosting online

Posted: 21 Jun 2012 12:25 PM PDT

SmartMoney's print magazine is ceasing publication and switching to an all-digital format aimed at online and tablet computer users.

Feds announce 1st major solar plant on tribal land

Posted: 21 Jun 2012 12:24 PM PDT

Federal officials have approved a solar plant on an Indian reservation outside Las Vegas, marking the nation's first commercial-grade solar energy project on tribal land and new territory for the Obama administration's renewable energy agenda.

New Pakistan PM candidate faces arrest warrant

Posted: 21 Jun 2012 12:23 PM PDT

Pakistani children, who were injured in an explosion in a Sunni shrine, are taken in a vehicle to a hospital, in Peshawar, Pakistan, Thursday, June 21, 2012. A Pakistani police officer said that two children have been killed by an explosion at a Sunni shrine in Peshawar as dozens of people gathered there. (AP Photo/Mohammad Sajjad)A Pakistani judge issued an arrest warrant Thursday for the ruling party's candidate for prime minister over allegations he illegally imported drugs, injecting fresh uncertainty into efforts to replace the previous premier who was ousted by the Supreme Court.

Video shows Zimmerman's account of fatal fight

Posted: 21 Jun 2012 12:23 PM PDT

In this Feb. 27, 2012 image taken from a Sanford Police video posted on a website called gzlegalcase.com by George Zimmerman's defense team, Zimmerman speaks to investigators, (not shown) at the scene of Trayvon Martin's fatal shooting a day later giving police a blow-by-blow account of his fight with the teen. On the tape, Zimmerman did a reenactment of the scuffle with Martin in the moments before he shot the 17-year-old from Miami. (AP Photo/Sanford Police video via Zimmerman Defense Team)Neighborhood watch volunteer George Zimmerman re-enacted the fight he had with Trayvon Martin in police video released Thursday, giving his most detailed account yet of what led him to fatally shoot the unarmed black teenager. Zimmerman claims in the video that Martin said "you're going to die" and reached for Zimmerman's gun just before the shooting.

Weak US job market weighing on broader economy

Posted: 21 Jun 2012 12:22 PM PDT

In this Monday, June 18, 2012, photo, a prospective employer, left, speaks with a prospective employee during a job fair, in Oak Brook, Ill. A measure of future U.S. economic activity rose in May to the highest level in four years, a sign the economy will keep growing but at a modest pace. The Conference Board said Thursday, June 21, 2012, that its index of leading economic indicators rose 0.3 percent last month, after a 0.1 percent drop in April. (AP Photo/M. Spencer Green)The sluggish job market is weighing on the U.S. economy three years after the Great Recession ended. And the signs suggest hiring may not strengthen any time soon.

Court: Use new drug sentencing law in crack cases

Posted: 21 Jun 2012 12:18 PM PDT

The Supreme Court ruled Thursday that people who committed crack cocaine crimes before more lenient penalties took effect and received their prison sentence afterward should benefit from the new rules.

Bipartisan effort leads to Senate OK of farm bill

Posted: 21 Jun 2012 12:15 PM PDT

FILE - In this June 6, 2012, file photo, Sen. Debbie Stabenow, D-Mich., speaks about a farm bill on Capitol Hill in Washington. Senate Agriculture Committee chairman Stabenow is fond of saying that the five-year farm policy bill is "not your father's farm bill." There's some truth to that: while the core missions of farm bills _ protecting farmers from bad times, conserving rural lands and funding the food stamp and other nutrition programs _ are unchanged, this farm bill takes some very different approaches. (AP Photo/J. Scott Applewhite, File)The Senate on Thursday completed a five-year, half-trillion-dollar farm bill that cuts farm subsidies and land conservation spending by about $2 billion a year but largely protects sugar growers and some 46 million food stamp beneficiaries.

Gannett hires former energy co exec as CFO

Posted: 21 Jun 2012 12:13 PM PDT

Gannett Co. Inc., publisher of USA Today and other newspapers, on Thursday named Victoria Harker as its new chief financial officer.

Duluth cleans up as Minn. floods persist to south

Posted: 21 Jun 2012 12:11 PM PDT

In this aerial photo, waters from an overflowing nearby creek inundate homes in the Irving Park neighborhood of Duluth, Minn., Wednesday afternoon, June 20, 2012. Residents evacuated their homes and animals escaped from pens at a zoo as floods fed by a steady torrential downpour struck northeastern Minnesota, inundating the city of Duluth, officials said Wednesday. (AP Photo/The Duluth News-Tribune, Bob King)Residents of Duluth began Thursday to assess the damage from flooding caused by historic rainfall, even as areas farther south continued to fight rising waters.

Commerce secretary resigns after car crashes

Posted: 21 Jun 2012 12:11 PM PDT

US Commerce Secretary Bryson attends a business conference organised by FICCI in New DelhiWASHINGTON (Reuters) - U.S. Commerce Secretary John Bryson, under investigation for his role in two car crashes on the same day this month, said on Thursday he was resigning to prevent distractions at the department he led for less than a year. Police found Bryson unconscious behind the wheel of his Lexus on June 9 after he crashed into one car twice, left the scene of the accident and collided with another vehicle. He was cited on suspicion of a felony hit-and-run in the first crash, but so far no charges have been filed. ...

Vote result delay frays Egyptian nerves

Posted: 21 Jun 2012 12:10 PM PDT

A banner with a picture of presidential candidate Morsy is seen during a sit-in at Tahrir Square in CairoCAIRO (Reuters) - Allegations of fraud delayed the result of Egypt's presidential election on Thursday, fraying nerves as the Muslim Brotherhood, which claims victory, called for street protests against moves by the ruling generals to deny them power. Thousands of protesters gathered for a third day in Cairo's Tahrir Square, cauldron of the revolution that overthrew Hosni Mubarak 16 months ago, to demand that the officers who pushed him aside keep their word and hand over to civilians by July 1. ...

Taunted NY bus driver doesn't want bullies charged

Posted: 21 Jun 2012 12:10 PM PDT

The viral video of a 68-year-old school bus monitor in New York mercilessly taunted by seventh graders has become an international rallying point against bullying.

Spanish bank bailout to start under EFSF, move to ESM: sources

Posted: 21 Jun 2012 12:06 PM PDT

BERLIN (Reuters) - Spain could initially apply to the euro zone's temporary rescue fund, the European Financial Stability Facility, for an expected bailout of its banks, euro zone finance ministers informally agreed on Thursday, euro zone officials said. The EFSF loan would then be taken over by the permanent bailout fund the European Stability Mechanism (ESM), once the ESM is up and running after July 9th, the officials said. "This was decided informally, because there is no formal request from Spain yet," one euro zone official said. ...
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