Rihanna sues ex-accountants for millions in losses

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• Rihanna sues ex-accountants for millions in losses
• Oil prices lower after disappointing economic data
• NFLPA, Vilma make more legal moves in bounty case
• Google phasing out 'iGoogle' in latest purge
• Midwest can't get any relief from oppressive heat
• Insurance companies send crews to protect homes
• Weak retail sales figures push stocks lower
• Wall Street ticks mostly down ahead of payrolls
• US hiring outlook improves, but economy still weak
• Faulty data misled pilot in Brazil-France crash
• New jobs report looms over Obama campaign bus trip
• After weak June, retailers to sweat out summer
• Romney's wife says woman being eyed for ticket
• Greece sees 'difficult years ahead' as EU-IMF talks begin
• Mexicans await definitive presidential election result
• First NATO supply trucks cross Pakistan border
• Muhammad Ali named 2012 Liberty Medal recipient
• WikiLeaks has data from 2.4 million Syrian emails
• NY joining revival of short-line rail industry
• Predicted rain could douse some wildfires in West
• Finmeccanica says Syrian technology sale was for civil use
• Three central banks take action in sign of alarm
• As US economy steadies, bank closings become rarer
• UN appoints human rights investigator on Belarus
• European Central Bank cuts rates to new low
• Frank Ocean lauded for revealing same-sex love
• Greece admits veering from bailout obligations
• Anti-Syrian politician said targeted in Beirut
• Solar, wind energy a missed opportunity for Cuba
• NFLPA sues, calls Goodell 'biased' in bounty case
• Report: Countrywide won influence with discounts
• New Caravaggio art works discovered in Italy
• Egypt police deny Islamists behind student murder
• Malware may knock thousands off Internet on Monday
• London unveils Europe's tallest building _ for now
• Bond set at $1 million for Trayvon Martin's killer
• Iraq warns al-Qaida flowing into Syria
• Questions and answers on the European Central Bank
• Walgreen plans new acquisition, June sales fall

Rihanna sues ex-accountants for millions in losses Posted: 05 Jul 2012 01:15 PM PDT Rihanna sued her former accountants Thursday, blaming them for tens of millions of dollars in losses, shoddy bookkeeping, a failure to recommend she trim expenses when a 2009 tour was losing money and an ongoing audit by the Internal Revenue Service.

Oil prices lower after disappointing economic data Posted: 05 Jul 2012 01:14 PM PDT A slew of disappointing economic news spooked investors Thursday and pushed down the price of oil.

NFLPA, Vilma make more legal moves in bounty case Posted: 05 Jul 2012 01:12 PM PDT The NFL Players Association filed a lawsuit against the NFL on behalf of three players suspended in connection with the bounty investigation, calling Commissioner Roger Goodell "incurably and evidently biased."

Google phasing out 'iGoogle' in latest purge Posted: 05 Jul 2012 01:12 PM PDT Google is phasing out a service that allows millions of people to personalize its home page with applications such as weather updates and stock quotes.

Midwest can't get any relief from oppressive heat Posted: 05 Jul 2012 01:10 PM PDT The temperatures in Casimir Brandon's basement bedroom were so stifling that the exhausted 56-year-old Madison man began riding city buses in the morning, from one end of the line to the other, so he could grab a few hours of air-conditioned sleep.

Insurance companies send crews to protect homes Posted: 05 Jul 2012 01:10 PM PDT When firefighter Eric Morris shows up at wildfires across the West, locals battling the flames sometimes look at him and wonder who sent him.

Weak retail sales figures push stocks lower Posted: 05 Jul 2012 01:09 PM PDT Stocks are finishing the day mostly lower on Wall Street after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought.

Wall Street ticks mostly down ahead of payrolls Posted: 05 Jul 2012 01:09 PM PDT NEW YORK (Reuters) - Stocks ended a quiet session with mostly modest losses on Thursday as moves by central banks around the world to loosen monetary policy did not overcome fears that tomorrow's June jobs report would show another month of stagnant growth. The Dow Jones industrial average fell 47.15 points, or 0.36 percent, to end unofficially at 12,896.67. The S&P 500 Index lost 6.44 points, or 0.47 percent, to finish unofficially at 1,367.58. The Nasdaq Composite edged up just 0.04 of a point, or 0.00 percent, to close unofficially at 2,976.12. ...

US hiring outlook improves, but economy still weak Posted: 05 Jul 2012 01:07 PM PDT The outlook for the U.S. job market brightened a little Thursday after the government said fewer people applied for unemployment benefits last week and surveys of private companies showed hiring increased in June.

Faulty data misled pilot in Brazil-France crash Posted: 05 Jul 2012 01:06 PM PDT A pilot facing faulty data and deafening alarms in an oversea thunderstorm pitched his plane sharply up instead of down as it stalled, then lost control, sending the Air France jet and all 228 people aboard to their deaths in the Atlantic Ocean in 2009.

New jobs report looms over Obama campaign bus trip Posted: 05 Jul 2012 01:05 PM PDT Campaigning through swing state Ohio by bus, President Barack Obama cast his re-election bid as a bet on the American worker Thursday, even as he braced for a Friday unemployment report that will help set battle lines for the hot summer to come.

After weak June, retailers to sweat out summer Posted: 05 Jul 2012 01:01 PM PDT Retailers could be sweating it out this summer.

Romney's wife says woman being eyed for ticket Posted: 05 Jul 2012 12:56 PM PDT Mitt Romney's wife has confirmed a tidbit about the vice presidential search process her husband largely has been keeping secret: He's considering choosing a woman.

Greece sees 'difficult years ahead' as EU-IMF talks begin Posted: 05 Jul 2012 12:55 PM PDT Greece's new Finance Minister Yannis Stournaras warned Thursday that a recovery plan was "off-track" and "difficult years" laid ahead as sensitive talks with EU-IMF creditors began.

Mexicans await definitive presidential election result Posted: 05 Jul 2012 12:48 PM PDT Enrique Pena Nieto hoped definitive election results expected Thursday will confirm his victory in Mexico's presidential election, while challenger Andres Manuel Lopez Obrador held out for a shock reversal.

First NATO supply trucks cross Pakistan border Posted: 05 Jul 2012 12:45 PM PDT Trucks carrying NATO supplies rolled into Afghanistan for the first time in more than seven months Thursday, ending a painful chapter in U.S.-Pakistan relations that saw the border closed until Washington apologized for an airstrike that killed 24 Pakistani soldiers.

Muhammad Ali named 2012 Liberty Medal recipient Posted: 05 Jul 2012 12:35 PM PDT Boxing great Muhammad Ali, known for his unabashed self-confidence inside and outside the ring as well as his outspokenness on social and humanitarian causes, is the recipient of the 2012 Liberty Medal.

WikiLeaks has data from 2.4 million Syrian emails Posted: 05 Jul 2012 12:34 PM PDT The secret-spilling group WikiLeaks said Thursday it was in the process of publishing material from 2.4 million Syrian emails — many of which it said came from official government accounts.

NY joining revival of short-line rail industry Posted: 05 Jul 2012 12:32 PM PDT A railroad company is renovating rusty, overgrown tracks to get at millions of tons of waste rock at an abandoned iron and titanium mine near the source of New York's Hudson River and the highest peaks of the Adirondacks, part of a widespread resurgence of short line and regional freight lines.

Predicted rain could douse some wildfires in West Posted: 05 Jul 2012 12:31 PM PDT Firefighters battling enormous wildfires up and down the Rocky Mountain region were hopeful that predicted severe thunderstorms might drop buckets of rain and help their hard work of scraping lines of defense across rugged landscapes.

Finmeccanica says Syrian technology sale was for civil use Posted: 05 Jul 2012 12:30 PM PDT ROME (Reuters) - Italian defense contractor Finmeccanica said on Thursday that it supplied Syria with technology that was designed for civil use after a news report earlier alleged the company had provided sophisticated communications gear that could be used during the ongoing military crackdown. The technology "was designed for use by emergency responders," the company said in a statement. The so-called Tetra technology "was conceived for this function," it said. ...

Three central banks take action in sign of alarm Posted: 05 Jul 2012 12:29 PM PDT BEIJING/FRANKFURT (Reuters) - China, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signaling a growing level of alarm about the world economy, although suggestions of coordinated action were played down. Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to 6 percent following an interest rate cut just a month ago that also came out of the blue. The European Central Bank cut rates to a record low 0.75 percent following a dire run of economic data. ...

As US economy steadies, bank closings become rarer Posted: 05 Jul 2012 12:27 PM PDT Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008. The healthier banking industry is helping sustain an economy slowed by lackluster hiring, weak manufacturing and Europe's debt crisis.

UN appoints human rights investigator on Belarus Posted: 05 Jul 2012 12:23 PM PDT The United Nations' top human rights body on Thursday appointed an investigator to focus on Belarus based on what it called "grave concern" over allegations of torture, poor treatment of prisoners and other abuses.

European Central Bank cuts rates to new low Posted: 05 Jul 2012 12:22 PM PDT The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis.

Frank Ocean lauded for revealing same-sex love Posted: 05 Jul 2012 12:17 PM PDT The music industry is showing support to R&B singer Frank Ocean after he revealed that his first love was a man.

Greece admits veering from bailout obligations Posted: 05 Jul 2012 12:14 PM PDT ATHENS (Reuters) - Greece conceded on Thursday it had slipped "in some respects" in implementing the cuts and reforms demanded by lenders in exchange for saving Athens from bankruptcy, and tried to persuade them to cut the country some slack. Finance Minister Yannis Stournaras made the admission after meeting senior officials from Greece's "troika" of lenders from the EU, European Central Bank and International Monetary Fund, whose inspectors have begun picking through the country's books after weeks of political paralysis. ...

Anti-Syrian politician said targeted in Beirut Posted: 05 Jul 2012 12:14 PM PDT Colleagues of an anti-Syrian politician in Beirut said he was the target of a failed assassination attempt Thursday, after police found detonators in a Beirut building where he has an office.

Solar, wind energy a missed opportunity for Cuba Posted: 05 Jul 2012 12:13 PM PDT The sleepy country setting that farmer Juan Alonso calls home hasn't changed much since he was born 74 years ago, with the two rustic wooden houses nestled among palm trees against a backdrop of green hills and clear skies.

NFLPA sues, calls Goodell 'biased' in bounty case Posted: 05 Jul 2012 12:10 PM PDT The NFL Players Association filed a lawsuit against the NFL on behalf of three players suspended in connection with the bounty investigation, calling Commissioner Roger Goodell "incurably and evidently biased."

Report: Countrywide won influence with discounts Posted: 05 Jul 2012 12:06 PM PDT The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.

New Caravaggio art works discovered in Italy Posted: 05 Jul 2012 12:03 PM PDT Italian art experts have reportedly discovered around 100 drawings and a number of paintings by the young Renaissance master Caravaggio in a find that could be worth up to 700 million euros.

Egypt police deny Islamists behind student murder Posted: 05 Jul 2012 12:01 PM PDT Egypt's Interior Minister on Thursday tried to downplay the backgrounds of three men suspected of fatally stabbing a university student sitting with his fiance, saying they are not affiliated with Islamist parties or ideology.

Malware may knock thousands off Internet on Monday Posted: 05 Jul 2012 11:58 AM PDT Despite repeated alerts, tens of thousands of Americans may still lose their Internet service Monday unless they do a quick check of their computers for malware that could have taken over their machines more than a year ago.

London unveils Europe's tallest building _ for now Posted: 05 Jul 2012 11:57 AM PDT Europe's tallest building has been officially unveiled in London, but its tenure as the continent's highest skyscraper will be brief.

Bond set at $1 million for Trayvon Martin's killer Posted: 05 Jul 2012 11:55 AM PDT SANFORD, Florida (Reuters) - A Florida judge said George Zimmerman was a flight risk and set bond at $1 million on Thursday for the neighborhood watch volunteer who shot and killed unarmed black teenager Trayvon Martin. Zimmerman had been released on $150,000 bond but was sent back to jail in June after prosecutors alleged he misled the court about his finances and failed to surrender a valid passport. ...

Iraq warns al-Qaida flowing into Syria Posted: 05 Jul 2012 11:52 AM PDT Iraq asserted Thursday that al-Qaida insurgents are streaming out of the country to carry out attacks in Syria, an ominous development as the Syrian conflict enflames an already hostile region.

Questions and answers on the European Central Bank Posted: 05 Jul 2012 11:50 AM PDT The European Central Bank is the monetary authority for the 17 countries that use the euro currency. The eurozone has the world's second largest economy after the United States, with annual output of €9.41 trillion, or $11.75 trillion, and a population of 331 million.

Walgreen plans new acquisition, June sales fall Posted: 05 Jul 2012 11:46 AM PDT Walgreen Co. took another step Thursday in its push to grow through acquisitions when it announced the $438 million purchase of a regional chain that operates USA Drug, Super D and May's drugstores.

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