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Wednesday, July 18, 2012

6 die in Bulgaria as bus carrying Israelis bombed

6 die in Bulgaria as bus carrying Israelis bombed

6 die in Bulgaria as bus carrying Israelis bombed

Posted: 18 Jul 2012 01:40 PM PDT

Smoke rises into the sky after an explosion at Burgas airport, outside the Black Sea city of Burgas, Bulgaria, some 400 kilometers (250 miles) east of the capital, Sofia, Wednesday, July 18, 2012. A bus carrying young Israeli tourists in a Bulgarian resort exploded Wednesday, killing three people and wounding at least 20, police said. Witnesses told Israeli media that the huge blast occurred soon after someone boarded the vehicle. (AP Photo/ Burgasinfo) BULGARIA OUTA bomb exploded on a bus carrying Israeli youth in a Bulgarian resort Wednesday, killing at least six people and wounding 32, officials said. Israeli Prime Minister Benjamin Netanyahu called it "an Iranian terror attack" and promised a tough response.

Romney pushes attacks against Obama into Ohio

Posted: 18 Jul 2012 01:39 PM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney gestures during a campaign stop on Wednesday, July 18, 2012 in Bowling Green, Ohio. (AP Photo/Evan Vucci)Republican presidential candidate Mitt Romney accused President Barack Obama on Wednesday of caring more about his own job security than about creating jobs for millions of unemployed Americans. While pressing his case against the Democrat, Romney showed no sign of caving into mounting pressure for him to release more of his tax returns.

UN vote on Syria delayed until Thursday

Posted: 18 Jul 2012 01:37 PM PDT

Russian President Vladimir Putin, right, walks as United Nations special envoy Kofi Annan looks on before their talks in Moscow, Tuesday, July 17, 2012. The UN and Arab League envoy to the Syrian crisis has begun his meeting with the Russian president by saying that Syria is at a crossroads, as violence escalates. (AP Photo/Alexander Zemlianichenko)The U.N. Security Council delayed a vote on a new Syria resolution until Thursday in a last-minute effort to get key Western nations and Russia to agree on measures to end the dramatically escalating violence.

SPIN METER: 'Middle class' turns fuzzy in politics

Posted: 18 Jul 2012 01:37 PM PDT

FILE - In this July 9, 2012 file photo, President Barack Obama calls on Congress to pass a temporary, one-year extension of the Bush-era tax cuts for people who make less than $250,000 a year, during a statement in the East Room of the White House in Washington. (AP Photo/Susan Walsh)In a recent speech, President Barack Obama referred to the "middle class" 14 times, defining it as a family that makes up to $250,000 a year. Republican challenger Mitt Romney has looked at it from the other direction, saying that someone who falls into poverty "is still middle class."

Iowa workers stunned by CEO's sudden downfall

Posted: 18 Jul 2012 01:37 PM PDT

Workers at a bankrupt Iowa brokerage and other firms owned by a businessman implicated in a $200 million fraud scandal say they are stunned by their sudden collapse and are trying to rebuild their lives.

Libya's independents might emerge as third power

Posted: 18 Jul 2012 01:36 PM PDT

In this Wednesday, July 11, 2012 photo, Mahmoud Jibril, a secular former prime minister, is interviewed by the Associated Press in Tripoli, Libya. Libya's elections bring in a large new political generation of independents _ businessmen, activists, former judges and former exiles _ who form the largest bloc in the first elected national assembly after Moammar Ghadafi's fall and will be the big wild card in determining the country's course. Both a coalition led by Jibril and Islamists led by the Muslim Brotherhood are trying to woo them, but many of the independents are trying to form their own coalition, distrusting both sides. (AP Photo/Manu Brabo)Libya's elections have brought in a large new political generation of independents — businessmen, activists, former judges and former exiles — who form the largest bloc in the first elected national assembly after Moammar Gadhafi's fall and will be the big wild card in determining the country's course.

Fed survey: Growth, hiring slowed in parts of US

Posted: 18 Jul 2012 01:36 PM PDT

The U.S. economy expanded modestly in June and early July, but growth and hiring slowed in several parts of the country. The key findings of the Federal Reserve survey echoed the gloomier outlook that Chairman Ben Bernanke offered to Congress this week.

New welfare restrictions target booze, tattoos

Posted: 18 Jul 2012 01:35 PM PDT

Lisa Crawford, an intern at JEVS Human Services, works a reception desk, Monday, July 16, 2012, in Philadelphia. States across the country are enacting welfare benefit restrictions that prohibit recipients from using their cash assistance at certain businesses and from buying items, like alcohol and lottery tickets. (AP Photo/Matt Rourke)Taking aim at what they call an abuse of the taxpayers' money, a growing number of states are blocking welfare recipients from spending their benefits on booze, cigarettes, lottery tickets, casino gambling, tattoos and strippers.

EBay more than doubles 2Q earnings, revenue up

Posted: 18 Jul 2012 01:35 PM PDT

EBay says its second-quarter net income more than doubled, thanks to higher revenue from its PayPal online payments business and its e-commerce websites.

Capital One to pay $210M over marketing tactics

Posted: 18 Jul 2012 01:34 PM PDT

The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.

Panetta hails F-35 jet as key for UK, U.S.

Posted: 18 Jul 2012 01:33 PM PDT

U.S. Secretary of Defense Leon Panetta speaks at a news conference at the Pentagon in Washington(Reuters) - U.S. Defense Secretary Leon Panetta said Wednesday that Lockheed Martin Corp's F-35 Joint Strike Fighter aircraft represents the "future of tactical aviation" for U.S. and British forces, as Britain prepares to take delivery of its first test aircraft. The scheduled delivery Thursday at Lockheed's Fort Worth, Texas, production plant is an indication of considerable strides in the program, particularly in the past year, Panetta told a Pentagon press conference alongside Philip Hammond, his British counterpart. ...

Texas inmate set to die after appeals rejected

Posted: 18 Jul 2012 01:31 PM PDT

FILE This photo provided by the Texas Dept. of Criminal Justice shows Texas death row inmate Yokamon Hearn who will be the first prisoner executed under the state's new single-drug procedure. Hearn is set to die Wednesday, July 18, 2012, for the March 25, 1998, murder of stockbroker Frank Meziere in Dallas. (AP Photo/Texas Dept. of Criminal Justice, File)A 33-year-old man convicted of carjacking and fatally shooting a suburban Dallas stockbroker will head to the Texas death chamber Wednesday, becoming the first person in the state executed with a single lethal drug.

AP NewsBreak: No charges for military in scandal

Posted: 18 Jul 2012 01:30 PM PDT

Seven Army soldiers and two Marines have received administrative punishments, but are not facing criminal charges, for their part in the Secret Service prostitution scandal in Colombia this year, The Associated Press has learned.

Exclusive: Manchester United set to kick off IPO

Posted: 18 Jul 2012 01:42 PM PDT

NEW YORK, July 18 - Soccer powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK. The timetable marks a change from the original schedule to proceed after the U.S. Labor Day holiday September 3, according to multiple sources close to the situation. In another change, the soccer club is now looking to raise $300 million on the IPO, lower than the $500 million previously contemplated. ...

Semenya to carry South Africa's flag at Olympics

Posted: 18 Jul 2012 01:27 PM PDT

South Africa's Caster Semenya, left, on her way to win the 800 meter race at an athletics meeting in Haldesleben, Germany, Sunday July 15, 2012. (AP Photo/dapd/Jens Schlueter)Caster Semenya will carry South Africa's flag at the opening ceremony of the London Olympics.

British Open at Lytham requires a good start

Posted: 18 Jul 2012 01:27 PM PDT

It's rare to see Tiger Woods hit iron off the tee on a par 5, except in links golf, and especially at Royal Lytham & St. Annes.

House weighs military sports sponsorships

Posted: 18 Jul 2012 01:26 PM PDT

Congress is wrapped around the axle over the military spending millions of dollars to sponsor NASCAR cars and other sports in a bid to boost recruiting.

IBM's 2Q earnings rise despite revenue decline

Posted: 18 Jul 2012 01:22 PM PDT

IBM says its second-quarter earnings rose 6 percent despite a downturn in revenue amid Europe's economic jitters.

BofA plans $3 billion of new cost cuts

Posted: 18 Jul 2012 01:20 PM PDT

Tourists walk past a Bank of America banking center in Times Square in New York(Reuters) - Bank of America Corp said it plans to slash costs by $3 billion annually in commercial lending, investment banking and wealth management, becoming the latest big bank to take aim at expenses as revenue falls in most of its businesses. The second largest U.S. bank cut costs 25 percent in the second quarter, helping it post a slightly larger than expected profit of $2.5 billion after posting a loss the year earlier. Its work force shrank by more than 12,000 from a year ago to 275,460. The cost cuts come as the bank faces real pressure. ...

American Airlines lauds NY worker's 70-year career

Posted: 18 Jul 2012 01:20 PM PDT

This undated photograph provided by American Airlines shows Azriel "Al" Blackman posing with an airplane while serving in the army during the Korean war. American Airlines is celebrating the 70-year service of a New York City mechanic who says he has no plans to retire. Azriel "Al" Blackman was 16 years old when he started as an apprentice mechanic in July of 1942. (AP Photo/American Airlines)American Airlines is celebrating the seven-decade service of a New York mechanic who turns 87 next month and has no plans to retire.

BofA swings to profit; mortgages cast long shadow

Posted: 18 Jul 2012 01:18 PM PDT

In this May 6, 2012, photo, a Bank of America sign is displayed in New York's Times Square.Bank of America swung to a profit from April through June and beat Wall Street expectations. It set aside the least money to cover bad loans since 2007, well before the financial crisis. The bank said Wednesday, July 18, 2012, that it made $2.1 billion in the second quarter, or 19 cents per share. Analysts polled by FactSet, a provider of financial data, had expected 16 cents. (AP Photo/CX Matiash)Bank of America can't shake its mortgage headache.

Jump in housing starts, earnings sends stocks up

Posted: 18 Jul 2012 01:18 PM PDT

FILE- In this Tuesday, July 17, 2012, file photo, Specialists Charles Boeddinghaus, left, and Douglas Johnson, work at their posts on the floor of the New York Stock Exchange Tuesday, July 17, 2012. Renewed hope for more help from the Fed supported markets, as did positive earnings statements from Goldman Sachs, Coca Cola and Yahoo. U.S. earnings statements will remain a focus of attention later. (AP Photo/Richard Drew, File)A new sign of recovery in the housing market and strong earnings reports from big companies are sending stocks higher for a second day.

It's party time for Olympic athletes

Posted: 18 Jul 2012 01:17 PM PDT

Two police officers patrol outside the Olympic Village at the Olympic Park, Tuesday, July 17, 2012, in London. (AP Photo/Jae C. Hong)"Sex In The City" move over. Here comes "Sex In The Village." Make that athletes village. As in Olympics.

UN reports progress against HIV in poor countries

Posted: 18 Jul 2012 01:15 PM PDT

FILE - In this July 5, 2012 file photo, people visit the AIDS Memorial Quilt on display as part of the Smithsonian Folklife Festival on the National Mall in Washington, on Thursday, July 5, 2012. (AP Photo/Jacquelyn Martin)A push to get more AIDS treatment to the world's poorest, hardest-hit countries is paying off as deaths inch down — and new infections are dropping a bit, too, the United Nations reported Wednesday.

American Baker earns automatic entry to US Open

Posted: 18 Jul 2012 01:12 PM PDT

American Brian Baker's rapid climb in the rankings has earned him automatic entry into the U.S. Open.

Bomb kills powerful Assad kin; battle in Damascus

Posted: 18 Jul 2012 01:10 PM PDT

File handout photo of Syria's President Assad standing with Fahad Jassim al-Freij and Daoud Rajha in DamascusBEIRUT/AMMAN (Reuters) - Syria's defense minister and President Bashar al-Assad's brother-in-law were killed in a Damascus suicide bomb attack carried out by a bodyguard on Wednesday, the most serious blow to Assad's high command in the country's 16-month-old rebellion. The bomber, said by a security source to be a bodyguard assigned to Assad's inner circle, struck a meeting attended by ministers and senior security officials as battles raged within sight of the presidential palace. ...

Vegas mogul fires back at China prostitution claim

Posted: 18 Jul 2012 01:06 PM PDT

Las Vegas Sands Corp. chief and billionaire Republican political donor Sheldon Adelson is firing back at his former Macau casino executive's claim that Adelson approved prostitution at company properties in the Chinese gambling enclave.

US sees Syria crisis "spinning out of control"

Posted: 18 Jul 2012 01:06 PM PDT

This image made from video released by the Syrian official news agency SANA purports to show Syrian troops fighting against the Syrian rebels, in the Al-Midan area, in Damascus, Syria, Tuesday July 18, 2012. A bomb ripped through a high-level security meeting Wednesday in Damascus, killing three top regime officials ? including President Bashar Assad's brother-in-law in the harshest blow to Syria's ruling family dynasty and the rebels' boldest attack in the country's civil war. (AP Photo/SANA)The bombing in Damascus that killed at least three top Syrian officials shows the country's crisis is "rapidly spinning out of control," Defense Secretary Leon Panetta said Wednesday. U.S. officials were unsure whether it was an insider attack, but they suggested it could mark a turning point in the 16-month conflict.

Officials say NFL planned lockout

Posted: 18 Jul 2012 01:00 PM PDT

FILE - In this Nov. 13, 2011, file photo, referee Scott Green makes a call in the second half of an NFL football game between the Seattle Seahawks and Baltimore Ravens in Seattle. The NFL's on-field officials say the league planned to lock them out rather than negotiate a new contract. "Lockout seems to be their negotiating strategy with everyone," said Green, president of the NFLRA, clearly referring to the lockout of the players in 2011. Members of the NFL Referees Association were locked out June 3 after talks broke down. The league has been contacting replacement officials. (AP Photo/Elaine Thompson, File)The NFL's on-field officials say the league planned to lock them out rather than negotiate a new contract.

Rebel bombing strikes at heart of Syrian regime

Posted: 18 Jul 2012 12:59 PM PDT

FILE - In this Thursday Oct. 6, 2011 photo released by the Syrian official news agency SANA, Syrian President Bashar Assad, left, stands next to Syrian Defense Minister Gen. Dawoud Rajha, right, during a ceremony to mark the 38th anniversary of the October 1973 Arab-Israeli war, in Damascus, Syria. Syria's state-run TV says the country's defense minister has been killed in a suicide blast in the capital. Wednesday's attack struck the National Security building in Damascus during a meeting of Cabinet ministers and senior security officials. (AP Photo/SANA, File)Rebels penetrated the heart of Syria's power elite Wednesday, detonating a bomb inside a high-level crisis meeting in Damascus that killed three leaders of the regime, including President Bashar Assad's brother-in-law and the defense minister.

Revered ultra-Orthodox Israeli rabbi dies at 102

Posted: 18 Jul 2012 12:53 PM PDT

In this Sept. 14, 2001 photo, Rabbi Yosef Shalom Elyashiv speaks in Jerusalem. Elyashiv, revered by Jews worldwide as the top rabbinic authority of this generation for his scholarship and rulings on complex elements of Jewish law, has died. He was 101. (AP Photo)Rabbi Yosef Shalom Elyashiv, revered by Jews worldwide as the top rabbinic authority of this generation for his scholarship and rulings on complex elements of Jewish law, died Wednesday, hospital officials said. He was 102.

APNewsBreak: Lindsay Lohan takes new film role

Posted: 18 Jul 2012 12:52 PM PDT

FILE - In this May 9, 2012 file photo, actress Lindsay Lohan arrives at the A&E Networks 2012 Upfront at Lincoln Center in New York. Amid ongoing legal issues, a recent car crash and run-in with paramedics, Lindsay Lohan has secured her next movie role. Producer Braxton Pope says Lohan will play a starring role in "The Canyons," with Paul Schrader set to direct. (AP Photo/Starpix, Kristina Bumphrey, file)Amid ongoing legal issues, a recent car crash and run-in with paramedics, Lindsay Lohan has secured her next movie role.

The Who plan US Tour, talk Olympics performance

Posted: 18 Jul 2012 12:51 PM PDT

FILE - In this Feb. 7, 2010 file photo, Roger Daltrey, left, and Pete Townshend acknowledge the crowd after performing during the second half of the NFL Super Bowl XLIV football game in Miami. Daltrey and Townshend are taking "Quadrophenia" and other Who classics on the road for a U.S. tour in fall 2012, but first plan what Daltrey calls a great finale for the Olympic Games in London. The Who tour kicks off in Sunrise, Fla., on November 1. (AP Photo/Mark J. Terrill, File)The Who's Roger Daltrey and Pete Townshend are taking "Quadrophenia" and other Who classics on the road for a U.S. tour this fall, but first plan what Daltrey calls a great finale for the Olympic Games in London.

World's most wanted Nazi arrested in Hungary

Posted: 18 Jul 2012 12:50 PM PDT

Laszlo Csatary leaves the Budapest court buildingHungarian authorities detained, grilled and put under house arrest on Wednesday a 97-year-old who tops the Simon Wiesenthal Center's dwindling wanted-list of suspected Nazi war criminals.

Marshawn Lynch charged with DUI

Posted: 18 Jul 2012 12:50 PM PDT

FILE - This Oct. 23, 2011 file photo shows Seattle Seahawks running back Marshawn Lynch watching from the bench area during the second quarter of an NFL football game against the Cleveland Browns, in Cleveland. Lynch was arrested over the weekend in the Oakland area for investigation of DUI, the California Highway Patrol confirmed late Monday, July 16, 2012. Lynch, 26, was arrested early Saturday in the city of Emeryville, Officer Peter van Eckhardt said. (AP Photo/Amy Sancetta, File)Seattle Seahawks running back Marshawn Lynch was charged Wednesday with driving under the influence by the district attorney's office in Alameda County, Calif.

Defense executives plead for Congress to avoid budget cuts

Posted: 18 Jul 2012 12:50 PM PDT

WASHINGTON (Reuters) - Defense executives warned lawmakers on Wednesday that they must quickly come up with a plan to avert $500 billion in automatic spending cuts because the uncertainty is forcing companies to move ahead with dramatic layoffs and plant closures. Lockheed Martin Chief Executive Robert Stevens said his company may have to let 10,000 employees go because of the automatic spending cuts that take effect in January. ...

Lin's departure a surprise to ex-coach, teammates

Posted: 18 Jul 2012 12:46 PM PDT

FILE - In this Feb. 12, 2012, file photo, New York Knicks guard Jeremy Lin (17) and teammate Carmelo Anthony (7) talk during the first half of an NBA basketball game against the Miami Heat in Miami. Linsanity could be put to rest in New York when the clock strikes midnight. That's the deadline the Knicks face to match the daunting offer the Houston Rockets have made to Lin, the Harvard point guard who dazzled all of basketball for a brief stretch last season. (AP Photo/Alan Diaz, File)Mike D'Antoni was there for the start of Linsanity, Kobe Bryant on the wrong end of its greatest highlight.

Deadly bomb strikes at core of Syria regime

Posted: 18 Jul 2012 12:45 PM PDT

Syria's defence minister General Daoud RajhaA bomb struck at the heart of Syria's senior command on Wednesday, killing at least three of President Bashar al-Assad's top brass in an attack claimed by rebels, who warned of more carnage to come.

U.S. says Assad losing control in Syria

Posted: 18 Jul 2012 12:42 PM PDT

WASHINGTON (Reuters) - The United States said on Wednesday that Syrian President Bashar al-Assad was losing control of his country, and with an eye on Russia, urged the international community to get behind a political transition plan to avert a sectarian civil war. U.S. President Barack Obama called Russian President Vladimir Putin - Assad's main international ally - after a Damascus bomb blast killed Syria's defense minister and Assad's brother-in-law, throwing the 16-month old rebellion onto an unpredictable new path. "The window is closing. ...

Ala. bar rampage suspect is on suicide watch

Posted: 18 Jul 2012 12:42 PM PDT

This booking photograph released by the Tuscaloosa County Sheriff's Department shows Nathan Van Wilkins, 44, who was charged in an early morning shooting that left 17 people injured in a bar in Tuscaloosa, Ala., on Tuesday, July 17, 2012. Police said Wilkins was charged initially with one count of attempted murder, but other charges will be filed. (AP Photo/Tuscaloosa County Sheriff's Department)The suspect in a shooting rampage at an Alabama bar had been fired from his job after a fistfight with a co-worker in the spring, police said Wednesday, elaborating on one of many problems that vexed the man in recent months.
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