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Tuesday, July 3, 2012

Oil prices at highest since May on Iran concerns

Oil prices at highest since May on Iran concerns


Oil prices at highest since May on Iran concerns

Posted: 03 Jul 2012 01:16 PM PDT

FILE- In this Friday, June 1, 2012, file photo, crew members of the USS Ponce wave to family on the pier as the ship deploys to the Persian Gulf and eases from the pier in Norfolk, Va. The price of oil jumped to the highest level since May on Tuesday, July 3, 2012, on renewed fears of a military conflict with Iran. Iran, which has sparred with the West over its nuclear program, is again threatening to block a critical Persian Gulf shipping route in response to a European embargo of Iranian oil. (AP Photo/The Virginian-Pilot, Bill Tiernan)The price of oil climbed nearly 5 percent Tuesday to the highest level since May on renewed fears of military conflict with Iran that could affect supplies.


Beloved actor Andy Griffith dies in NC at age 86

Posted: 03 Jul 2012 01:14 PM PDT

FILE - This Oct. 28, 2003 file photo shows actor Andy Griffith sitting in front of a bronze statue of Andy and Opie from the "Andy Griffith Show," after the unveiling ceremony in Raleigh, N.C. Griffith, whose homespun mix of humor and wisdom made "The Andy Griffith Show" an enduring TV favorite, died Tuesday, July 3, 2012 in Manteo, N.C. He was 86. (AP Photo/Bob Jordan, File)It was all too easy to confuse Andy Griffith the actor with Sheriff Andy Taylor, his most famous character from "The Andy Griffith Show."


Stocks rise as oil prices, factory orders climb

Posted: 03 Jul 2012 01:13 PM PDT

FILE - In this Friday, June 29, 2012 file photo, specialist James A. Denaro works the trading floor of the New York Stock Exchange before the closing bell. Stock futures are rising in a shortened trading session ahead of the Independence Day holiday, with global markets up as well. (AP Photo/David Karp, File)Stocks climbed Tuesday in an abbreviated holiday trading session after an encouraging report about manufacturing. Energy stocks rose the most because of increased tension over oil-rich Iran.


Pakistan agrees to reopen Afghan supply routes

Posted: 03 Jul 2012 01:12 PM PDT

Pakistani drivers chat on top of a fuel tanker truckPakistan agreed to reopen key supply routes into Afghanistan Tuesday, ending a bitter stand-off after US Secretary of State Hillary Clinton said she was sorry for the loss of life in a botched air raid.


DA declines to file charges against Bryson

Posted: 03 Jul 2012 01:09 PM PDT

Los Angeles County prosecutors have declined to file criminal charges against former U.S. Commerce Secretary John Bryson who was involved in a trio of traffic accidents last month.

A few ways to enjoy and celebrate Andy Griffith

Posted: 03 Jul 2012 01:09 PM PDT

Cast members from "The Andy Griffith Show"Through his decades-long career, Andy Griffith was beloved, yet somehow taken for granted. He early on gained immortality as Sheriff Andy Taylor. But his skill at playing cornpone decency blinded fans to his ability to master other roles.


Report: Black box of Costa ship had malfunctioned

Posted: 03 Jul 2012 01:09 PM PDT

An Italian newspaper reports the data recorder aboard the Costa Concordia, the ship that capsized Jan. 13 off Tuscany, had been malfunctioning in the days prior to the grounding that left 32 people dead.

KISS bring 'Monster' to UK

Posted: 03 Jul 2012 01:06 PM PDT

U.S rock band KISS members, from left, Tommy Thayer, Paul Stanley, Gene Simmons and Eric Singer, with their new book 'Monster' which contains photographs of the band's 40 year career live on stage, following a press conference in London, ahead of a concert on July 4 in aid of Help For Heroes. (AP Photo/Joel Ryan)American glam rockers KISS are unleashing their "Monster" on the UK public.


Mo. officer accused of trading no arrest for sex

Posted: 03 Jul 2012 01:02 PM PDT

A 47-year-old Kansas City police officer has been charged with corruption after prosecutors say he demanded two women have sex with him in exchange for not arresting them.

Russia accuses West of distorting Syria deal

Posted: 03 Jul 2012 01:01 PM PDT

A destroyed Syrian forces tank is left in a damaged street in the town Atareb in northern Aleppo provinceRussia accused the West on Tuesday of seeking to distort an agreement for a political transition in Syria, after international peace envoy Kofi Annan said a ceasefire was imperative.


Mammoth Lakes, California to file for bankruptcy

Posted: 03 Jul 2012 01:00 PM PDT

SAN FRANCISCO (Reuters) - Mammoth Lakes, California, will file later on Tuesday for Chapter 9 bankruptcy protection from its creditors in U.S. Bankruptcy Court for the Eastern District of California, according to its assistant town manager. Mammoth Lake's town council voted on July 2 in favor of the bankruptcy, specifically to seek protection from a property developer that has a $43 million legal judgment against the resort town of about 8,000 residents in the Sierra Nevada mountains. ...

IMF urges U.S. to remove "fiscal cliff" uncertainty

Posted: 03 Jul 2012 12:59 PM PDT

WASHINGTON (Reuters) - The International Monetary Fund on Tuesday urged the United States to quickly remove the uncertainty over the path of fiscal policy, which is set to tighten abruptly at the start of next year without congressional action. IMF Managing Director Christine Lagarde warned that just the threat of the "fiscal cliff" could weaken U.S. economic growth later this year and she called for action to address it sooner rather than later. She said the potential for a deterioration in the euro zone debt crisis was the other main risk facing the United States. The U.S. ...

US approves over-the-counter HIV home testing kit

Posted: 03 Jul 2012 12:58 PM PDT

A sign for free HIV testing is seen outside a Walgreens pharmacy in Times Square in June 2012The United States announced Tuesday it has authorized sales of the first over-the-counter home testing kit for HIV, the virus that leads to Acquired Immune Deficiency Syndrome (AIDS).


Barclays CEO Diamond quits over rate rigging

Posted: 03 Jul 2012 12:56 PM PDT

File photo of Barclays PLC President Diamond waiting to pose for photographs after being named as the company's next chief executive officer in LondonLONDON (Reuters) - Barclays chief executive Bob Diamond quit on Tuesday under fire from politicians and regulators as the bank defended its actions in an interest rate-rigging scandal involving a dozen banks and which threatens to drag in government and the Bank of England. "The external pressure placed on Barclays has reached a level that risks damaging the franchise - I cannot let that happen," said Diamond, 61. ...


Barclays resignations rattle U.S. wealth unit

Posted: 03 Jul 2012 12:56 PM PDT

NEW YORK (Reuters) - The toppling of two senior Barclays executives on Tuesday in the midst of an expanding rate-rigging scandal is rattling the bank's fledgling U.S. wealth management business. The venerable British bank was halfway toward completing a $500 million, five-year plan to build a brokerage franchise aimed at wealthy Americans when Robert Diamond, the Massachusetts-born chief executive who authorized the plan, resigned. ...

Estonia: Ex-security official convicted of treason

Posted: 03 Jul 2012 12:56 PM PDT

A former security official in Estonia has been convicted of treason and will spend 16 years in prison, while his wife received a suspended six-year sentence for treason as well as helping her husband carry out the crime, a court announced Tuesday. Prosecutors allege the couple's actions aided Russia.

Chuck E. Cheese transforming into a rock star

Posted: 03 Jul 2012 12:53 PM PDT

Chuck E. Cheese has been given the pink slip.

U.S., Pakistan reach deal to reopen Afghan supply routes

Posted: 03 Jul 2012 12:51 PM PDT

A man walks across the tops of fuel tankers, which were used to carry fuel for NATO forces in Afghanistan, parked at a compound in KarachiWASHINGTON/ISLAMABAD (Reuters) - Pakistan and the United States reached a deal on Tuesday to reopen land routes that NATO uses to supply troops in Afghanistan, ending a seven-month crisis that damaged ties between the two countries and complicated the U.S.-led Afghan war effort. U.S. Secretary of State Hillary Clinton, in a telephone call with Pakistani Foreign Minister Hina Rabbani Khar, apologized for a November NATO air strike which killed 24 Pakistani soldiers last November and prompted an infuriated Islamabad to slam the supply routes closed. ...


Obama to sign student loan, road building bill

Posted: 03 Jul 2012 12:51 PM PDT

President Barack Obama on Friday plans to sign into law legislation that prevents interest rate increases on new loans to millions of college students and maintains jobs on transportation projects across the nation.

Deena from 'Jersey Shore': I didn't use sidewalk

Posted: 03 Jul 2012 12:50 PM PDT

"Jersey Shore" cast member Deena Cortese, center, walks with her attorney Michael Pappa, left, in court after a hearing Tuesday, July, 3, 2012, in Seaside Heights, N.J. The "Jersey Shore" cast member was in Seaside Heights municipal court on a change of interfering with traffic for an incident in which police say she was dancing in a street and blocking the flow of traffic. Cortese pleaded guilty to failing to use the sidewalk and paid a $106 fine.(AP Photo/Mel Evans)"Jersey Shore" cast member Deena Cortese got a costly reminder Tuesday of a lesson parents tell their children: Make sure you stay on the sidewalk.


Female F1 test driver seriously injured in crash

Posted: 03 Jul 2012 12:45 PM PDT

FILE - In this Thursday, March 15, 2012 file photo, Marussia test driver Maria de Villota of Spain poses for a photo ahead of the Australian Formula One Grand Prix at Albert Park in Melbourne, Australia. Formula One test driver Maria De Villota has been seriously injured after her racing car collided with a team support truck at an airfield in southern England, Tuesday July 3, 2012. (AP Photo/Rob Griffith, file)A Formula One test driver is facing life-threatening injuries after her car smashed into a team vehicle Tuesday during testing at a British airfield.


Carmakers report strong June sales, easing worries

Posted: 03 Jul 2012 12:44 PM PDT

FILE- In this Sunday, June 24, 2012, file photo a new Dodge RAM 1500 pickup truck is for sale at an auto dealership in Springfield, Ill. Chrysler reported Tuesday, July 3, 2012, that U.S. sales rose 20 percent, its best June in five years, thanks to demand across its lineup (AP Photo/Seth Perlman, File)From mini cars to monster pickups, sales of new cars and trucks surged in June, and eased concerns that Americans would be turned off by slower hiring and other scary headlines.


Suter's agent responds to critics of his client

Posted: 03 Jul 2012 12:43 PM PDT

FILE - In this April 3, 2012, file photo, New Jersey Devils' Zach Parise waits for action to resume during his 500th career NHL hockey game in the second period against the New York Islanders in Newark, N.J. Parise is closing in on his decision for what team he will call home next season as he works through the free agency process after not immediately re-signing with the Devils, according to the Canadian Press on Monday, July 2. (AP Photo/Julio Cortez, File)Zach Parise needed at least another night of sleep before picking a team to play for next season.


1.26 million still powerless after broad US storm

Posted: 03 Jul 2012 12:42 PM PDT

Trees lie in the middle of Lake Ave. in Baltimore on Monday July 2, 2012, after a severe storm swept through the region late Friday. Power outages left many to contend with stifling homes and spoiled food over the weekend as temperatures approached or exceeded 100 degrees.(AP Photo/Jose Luis Magana)Utility crews struggled to catch up with a backlog of millions of people without electricity for a fourth hot day Tuesday as frustration grew and authorities feared the toll of 24 storm deaths could rise because of stifling conditions and generator fumes.


Cyprus starts bailout talks with EU, IMF officials

Posted: 03 Jul 2012 12:40 PM PDT

Cyprus began talks Tuesday with the European Union and the International Monetary Fund to gauge how much bailout money it may need to prop up banks weighed down by their huge exposure to Greek debt.

BOE declines comment on Barclays' Tucker memo

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - The Bank of England declined to comment on an internal memo from Barclays bank about a conversation between Bob Diamond, who on Tuesday quit his position as the lender's CEO, and BoE deputy governor Paul Tucker. A spokesman for the central bank said the BoE would not comment on the memo. Barclays said it was told in October 2008 by Tucker that it did not have to submit its Libor interest rates as high as it had done, according to an internal memo sent by Diamond, the then head of its investment bank. (Reporting by Sven Egenter; Editing by John Stonestreet)

Barclays was told by BoE to lower Libor rates submitted

Posted: 03 Jul 2012 12:36 PM PDT

LONDON, July 3 (Reuters) - Barclays said it was told in October 2008 by the deputy governor of the Bank of England that it did not have to submit its Libor interest rates as high as it had done, according to an internal memo sent by investment bank boss Bob Diamond at the time. Deputy Governor Paul Tucker had said senior figures in Whitehall had raised the issue of Barclays' high Libor submissions at that time. The internal memo sent by Diamond to John Varley, then chief executive officer, and dated Oct. ...

Barclays faces tough search for next Diamond

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays Plc has few obvious candidates who would be able to restore the British bank's tarnished image after the departure of Chief Executive Bob Diamond. With Chairman Marcus Agius also set to leave following Barclays' record-breaking fine for attempting to manipulate interbank lending rates, the bank has to fill its top two roles. Potential replacements with Diamond's tough business acumen - and the ability to repair Barclays' image - are few and far between, analysts, bankers and investors said, signalling uncertainty ahead for all concerned. ...

Barclays says spends 100 million pound on Libor probe

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays has spent almost 100 million pounds ($157 million) on a three-year internal investigation into how it had submitted inaccurate Libor interest rate prices in a scandal that has prompted its chairman, chief executive and chief operating officer to quit. "The bank has invested nearly 100 million pounds to ensure that no stone has been left unturned," the bank said on Tuesday in documents released ahead of the appearance of Bob Diamond, who resigned as CEO on Tuesday, before British lawmakers on Wednesday. ...

Barclays sees more disciplinary action for traders

Posted: 03 Jul 2012 12:36 PM PDT

LONDON (Reuters) - Barclays Plc said disciplinary action loomed for traders at the bank after an interest rate-rigging scandal that cost its boss his job, according to a document prepared for a parliamentary hearing this week. "We are conducting a review of each individual's conduct to assess their accountability and to determine appropriate action. The full range of tools will be made available within this review," Barclays said in the document. ...

SAfrica: Chimps who attacked US student to live

Posted: 03 Jul 2012 12:33 PM PDT

This undated photo provided by the Facebook group HelpAndrewOberle shows graduate student Andrew Oberle observing chimps. Doctors are reporting improvement in the condition of Oberle, who was attacked by chimps he was studying in South Africa. (AP Photo/HelpAndrewOberle)Two adult chimpanzees that viciously attacked a U.S. student at a primate sanctuary in South Africa were defending their territory and will be allowed to live, the lead government investigator said Tuesday.


Galapagos' new star tortoise a prolific dad

Posted: 03 Jul 2012 12:30 PM PDT

This undated photo released by Galapagos National Park shows tortoise Diego at Galapagos National Park. Diego is another centenarian reptile, but unlike Lonesome George who was not able to reproduce, Diego has sired hundreds of offspring. Galapagos National Park authorities say it is impossible to know Diego's age, but they believe he is well over 100 and estimate Diego is the father of 40 to 45 percent of the 1,781 tortoises born in the breeding program. (AP Photo/Galapagos National Park)Lonesome George's inability to reproduce made him a global symbol of efforts to halt the disappearance of species. And while his kind died with him, that doesn't mean the famed giant tortoise leaves no heir apparent.


Paper maps: Amid GPS boom, nostalgia finds a place

Posted: 03 Jul 2012 12:28 PM PDT

In this Monday, April 9, 2012 photo a scant rack of road maps is seen at a gas station/mini mart in Solon, Ohio on. Colorful maps bearing the logos of the oil companies that printed them _ names like Texaco, Gulf, Esso _ once brimmed from displays at filling stations, free for the taking. (AP Photo/Amy Sancetta)Used to be, Dad would stuff a half-dozen maps in the glove box before setting out with the family on a road trip to see the waterfalls at Yosemite or the granite faces of Mount Rushmore. Colorful maps bearing the logos of the oil companies that printed them — names like Texaco, Gulf, Esso — once brimmed from displays at filling stations, free for the taking.


Police raid Sarkozy's home in funding probe

Posted: 03 Jul 2012 12:26 PM PDT

Journalists stand in front of the entrance of a building housing the new offices of former French President Nicolas Sarkozy in ParisPARIS (Reuters) - Police raided the home and offices of former French president Nicolas Sarkozy on Tuesday as part of a judicial inquiry into financial relations between his political camp and the richest woman in France, L'Oreal heiress Liliane Bettencourt. It was Sarkozy's first legal tangle since he was unseated in a May 6 election after five years in office, during which he enjoyed presidential immunity from legal pursuit. That cover expired in mid-June. ...


Iran reports long-range missile launch in exercise

Posted: 03 Jul 2012 12:24 PM PDT

In this photo provided by the Iranian Students News Agency (ISNA), a surface-to-surface missile is launched during the Iranian Revolutionary Guards maneuver in an undisclosed location in Iran, Tuesday, July 3, 2012. Iran's powerful Revolutionary Guards test fired several ballistic missiles on Tuesday, including a long-range variety capable of hitting U.S. bases in the region as well as Israel, Iranian media reported. (AP Photo/ISNA, Alireza Sot Akbar) THE ASSOCIATED PRESS HAS NO WAY OF INDEPENDENTLY VERIFYING THE CONTENT, LOCATION OR DATE OF THIS IMAGE.Iran's powerful Revolutionary Guards test fired several ballistic missiles on Tuesday, including a long-range variety meant to dissuade Israel and the U.S. from attacking the Islamic Republic, local media reported.


Essence Fest kicks off Thursday with youth acts

Posted: 03 Jul 2012 12:24 PM PDT

FILE - This Jan. 10, 2012 file photo shows Coco Jones arriving at Disney ABC Television Group Television Critics Association Winter Press Tour red carpet event in Pasadena, Calif. Jones, star of the Disney Channel movie, "Let it Shine," will participate in the Essence Music Festival in New Orleans on Thursday, July 5. (AP Photo/Katy Winn, file)One of the premier music festivals celebrating black culture and music is branching out, extending its footprint in its 18th year to embrace the next generation of artists while still trumpeting industry veterans such as Aretha Franklin.


Fights break out at Syrian opposition meeting in Cairo

Posted: 03 Jul 2012 12:22 PM PDT

CAIRO (Reuters) - A meeting of Syria's splintered opposition in Cairo on Tuesday descended into scuffles and fistfights that will dishearten Western leaders calling for unity against Bashar al-Assad. A Syrian Kurdish group quit the meeting, sparking mayhem and cries of "scandal, scandal" from some delegates. Women wept as men traded blows, and staff of the hotel used for the meeting hurriedly removed tables and chairs as the scuffles spread. ...

Double blow for Indian doubles at Wimbledon

Posted: 03 Jul 2012 12:21 PM PDT

Mahesh Bhupathi and Rohan Bopanna (R)India's plans for Olympic tennis glory suffered a blow on Tuesday as key doubles partnership Mahesh Bhupathi and Rohan Bopanna were knocked out of Wimbledon, along with top doubles player Leander Paes.


Factbox: Andy Griffith's key film, TV roles

Posted: 03 Jul 2012 12:21 PM PDT

LOS ANGELES (Reuters) - Actor Andy Griffith, whose portrayal of a small-town sheriff in the 1960s made "The Andy Griffith Show" one of television's most enduring shows, died on Tuesday at his North Carolina home. He was 86. Below is a list of some of Griffith's most notable roles in film and on television: - 1957, film "A Face In The Crowd" as Larry 'Lonesome' Rhodes. - 1960, TV show "The Danny Thomas Show" as Sheriff Andy Taylor. - 1960-1968, TV show "The Andy Griffith Show" as Sheriff Andy Taylor. - 1968-1969, TV show "Mayberry R.F.D." as Sheriff Andy Taylor. ...

Military: 4 crewmen dead in C-130 air tanker crash

Posted: 03 Jul 2012 12:20 PM PDT

Crews at the base stand by as smoke rises from the Shingle Fire east of Cedar City, Utah, on Monday, July 2, 2012. Evacuations were ordered as the 500-acre wildfire that broke out Sunday threatened about 100 cabins inside Dixie National Forest. In all, 10 wildfires were burning Monday across Utah. (AP Photo/The Deseret News, Scott G Winterton)Air Force C-130 tankers will resume firefighting flights Tuesday after the crash of another tanker plane over the weekend that left four crew members dead and two others seriously injured, the military said.


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