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Thursday, October 25, 2012

Amazon posts 3Q results below expectations

Amazon posts 3Q results below expectations

Amazon posts 3Q results below expectations

Posted: 25 Oct 2012 01:35 PM PDT

Amazon's stock is falling after the world's largest online retailer reported third-quarter results below Wall Street's expectations, including a large loss that was weighed by its stake in online deals service LivingSocial.

Business investment stalls as "fiscal cliff" looms

Posted: 25 Oct 2012 01:29 PM PDT

Job seekers stand in line to meet prospective employers at a career fair in New York CityWASHINGTON (Reuters) - Business investment showed signs of stalling in September, an indication that worries over a possible sharp tightening in the federal budget are already weighing on the economy. Other data on Thursday showed the number of Americans filing new claims for unemployment benefits fell last week, a fresh sign the labor market is slowly healing. New orders for capital goods outside of defense and excluding aircraft -- a proxy for business spending plans -- was unchanged last month at $60.3 billion, Commerce Department data showed. ...

Gallery show for accused Picasso vandal raises ire

Posted: 25 Oct 2012 01:28 PM PDT

A Houston art gallery has raised the ire of the local art community by staging a show of works by a 22-year-old who's been on the lam since being charged with spray-painting a Pablo Picasso painting.

Accused Ga. gunman charged in '01 mosque shooting

Posted: 25 Oct 2012 01:26 PM PDT

Fulton County Police public information officer Kay Lester holds up the picture of Floyd Palmer, the suspect being sought in a fatal shooting at World Changers Church International in College Park, Ga. Wednesday, Oct. 24, 2012. A church volunteer leading prayer was shot and killed inside the chapel of the megachurch. (AP Photo/Atlanta Journal-Constitution, John Spink) MARIETTA DAILY OUT; GWINNETT DAILY POST OUT; LOCAL TV OUT; WXIA-TV OUT; WGCL-TV OUTA man charged in a fatal shooting at a Georgia megachurch said in court documents 10 years ago that he shot a man at a Baltimore mosque because he believed an NFL player was out to get him.

Wall Street ends up slightly, but business spending weighs

Posted: 25 Oct 2012 01:25 PM PDT

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks eked out small gains on Thursday in another uninspiring session on Wall Street, with worries about weak business spending keeping investors wary. There were a few bright spots, such as Procter & Gamble , which rose 2.9 percent to $70.07 after reporting stronger-than-expected results. But that was not enough to motivate investors reeling from a sharp decline in recent days. Investors were awaiting results from Apple Inc , the most valuable public company in the United States. The broad S&P 500 has declined 3.6 percent over the previous five sessions. ...

Panetta: US lacked early info on Benghazi attack

Posted: 25 Oct 2012 01:25 PM PDT

Defense Secretary Leon Panetta, left, and Joint Chiefs Chairman Gen. Martin Dempsey participate in a joint news conference at the Pentagon, Thursday, Oct. 25, 2012. Panetta said the U.S. military did not intervene during the attack on the U.S. Consulate in Libya last month because it was over before the U.S. has sufficient information on which to act. (AP Photo/Carolyn Kaster)The U.S. military did not quickly intervene during the attack on the U.S. Consulate in Libya last month because military leaders did not have adequate intelligence information and felt they should not put American forces at risk, Defense Secretary Leon Panetta said Thursday.

Israeli PM's party to ally with ultranationalists

Posted: 25 Oct 2012 01:24 PM PDT

Israeli Prime Minister Benjamin Netanyahu speaks to the media after signing a joint declaration with Italian Prime Minister Mario Monti, not shown, in Jerusalem, Thursday, Oct. 25, 2012. (AP Photo/Dan Balilty, Pool)Israel's prime minister announced Thursday that he was joining forces with his hard-line foreign minister in upcoming elections, instantly creating a hawkish new bloc that now appears poised to lead the country.

Networks, AP changing exit poll strategy

Posted: 25 Oct 2012 01:24 PM PDT

Oliver Solomon, of Davenport, Iowa, and his wife LaDonna arrive at the Davenport Public Library before casting their ballot for the Nov. 6th election, Wednesday, Oct. 24, 2012, in Davenport, Iowa. Early voting for the Nov. 6th election likely will set an Iowa record, as presidential candidates seek to lock-in votes in the battleground state. (AP Photo/Charlie Neibergall)A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

Williams beats No. 1 Azarenka at WTA Championships

Posted: 25 Oct 2012 01:23 PM PDT

Serena Williams of the US, right, and Victoria Azarenka of Belarus shake hands after their tennis match on the third day of the WTA championship in Istanbul, Turkey, Thursday, Oct. 25, 2012. (AP Photo)Serena Williams extended her dominance over the top-ranked player in the world on Thursday, defeating Victoria Azarenka 6-4, 6-4 at the WTA Championships.

Obama pressures Romney to break his Mourdock ties

Posted: 25 Oct 2012 01:21 PM PDT

Republican presidential candidate, former Massachusetts Gov. Mitt Romney shakes hands with supporters as he campaigns at Jet Machine, which supplies components for the defense, aerospace, and oil and gas industry, Thursday, Oct. 25, 2012, in Cincinnati, Ohio. At right is a U.S. Secret Service agent. (AP Photo/Charles Dharapak)President Barack Obama, seeking to shore up support among women, intensified his pressure Thursday on Mitt Romney to break any ties with a Republican Senate candidate who said that if a woman becomes pregnant from rape it is "something God intended." Romney ignored the emotional social issue, holding to an optimistic campaign tone as he fought for victory in crucial Ohio.

Family on slain NJ girl silent on Facebook posts

Posted: 25 Oct 2012 01:18 PM PDT

Photos released by Clayton, N.J. Police Department show Autumn Pasquale, 12, of Clayton, N.J. Authorities say her family reported her missing Saturday. Anyone with information is asked to contact the Clayton Police Department at (856) 881-2301. (AP Photo/Clayton, N.J. Police Department)Relatives of a slain 12-year-old girl from southern New Jersey said Thursday they want to avoid jeopardizing the criminal case and will not comment on the revelation that three days before she disappeared, she may have exchanged online messages with one of the teenagers accused of killing her.

Powell standing by Obama in 2012 presidential race

Posted: 25 Oct 2012 01:08 PM PDT

FILE - In this Dec. 1, 2010 file photo, former Secretary of State Colin Powell meets with President Barack Obama, in the Oval Office at the White in Washington. Powell, a longtime Republican said on the "CBS This Morning" program Thursday, he is sticking with President Barack Obama in this year's election. (AP Photo/J. Scott Applewhite, File)Former Secretary of State Colin Powell, a longtime Republican, is sticking with President Barack Obama in this year's election.

Stocks edge higher, breaking a weeklong slump

Posted: 25 Oct 2012 01:07 PM PDT

Stocks are closing modestly higher after a handful of decent corporate earnings reports were enough to break a weeklong slump in the market.

Israel keeps silent on mysterious Sudan airstrike

Posted: 25 Oct 2012 01:06 PM PDT

A Sudanese man shows damage in his home caused by an artillery shell in Khartoum, Sudan, in this Wednesday, Oct. 24, 2012 photo following an explosion and fire at a military factory south of the capital, Khartoum, killing at least two people as ammunition flew through the air. Senior Israeli officials on Thursday Oct 25 accused Sudan of playing a key role in an Iranian-backed network of arms shipments to hostile Arab militant groups across the Middle East. The tough comments are likely to fuel Sudanese allegations that Israel carried out the airstrike in the North African country's capital (AP Photo/Abd Raouf)Senior Israeli officials accused Sudan on Thursday of playing a key role in an Iranian-backed network of arms shipments to hostile Arab militant groups across the Middle East, a day after a mysterious explosion rocked a weapons factory near the North African country's capital.

Graduation rate is more bad news for UConn

Posted: 25 Oct 2012 01:05 PM PDT

The NCAA says that Connecticut's basketball program — already banned from the postseason for failing to meet other academic standards — has a graduation rate of just 11 percent.

NYC officer arrested in ghoulish kidnap plot

Posted: 25 Oct 2012 01:04 PM PDT

A police officer stands guard outside the 26th precinct where police officer Gilberto Valle worked out of, Thursday, Oct. 25, 2012 in New York. Valle was charged Thursday in a ghoulish plot to kidnap and torture women and then cook and eat their body parts. (AP Photo/Mary Altaffer)A law enforcement official says a police officer's estranged wife alerted New York authorities about her husband, who is now suspected of plotting to kidnap and cook women.

Oklahoma's Millard draws task of taking on Te'o

Posted: 25 Oct 2012 01:02 PM PDT

Notre Dame linebacker Manti Te'o celebrates after an interception against the BYU during the first half of an NCAA college football game in South Bend, Ind., Saturday, Oct. 20, 2012. (AP Photo/Michael Conroy)There was a time during Bob Stoops' tenure as Oklahoma coach that the notion of letting the fullback run the ball was dismissed without much consideration. Why give the ball to a blocker when the running back had so much more playmaking potential?

Gary Clark Jr. opens his mind to the possibilities

Posted: 25 Oct 2012 01:02 PM PDT

This Oct. 23, 2012 photo shows guitarist Gary Clark Jr., posing for a portrait at The BLVD Hotel in Los Angeles. Clark's latest album, "Blak and Blu," was released this week. (Photo by Chris Pizzello/Invision/AP)Gary Clark Jr. had to learn how to trust someone else to record his major label debut.

Guatemala excavates early Mayan ruler's tomb

Posted: 25 Oct 2012 01:02 PM PDT

Archaeologists in Guatemala say they have uncovered the tomb of a very early Mayan ruler, complete with rich jade jewelry and decoration.

Iconic Scarlett O'Hara dresses restored, displayed

Posted: 25 Oct 2012 01:00 PM PDT

In this undated photo provided by the Harry Ransom Center, conservator Cara Varnell works on the burgundy ball gown from "Gone With The Wind." Varnell determined that some feathers were original and some were replacements. The ball gown as well as the iconic green curtain dress from the 1939 film were saved from deterioration by a $30,000 conservation effort by the Harry Ransom Center at the University of Texas, and are on display for the first time in nearly 30 years at London's Victoria and Albert Museum as part of a Hollywood costume exhibit. (AP Photo/Harry Ransom Center)It turns out there will be another day for Scarlett O'Hara's green curtain dress. Many of them.

McClatchy posts lower 3Q earnings, revenue

Posted: 25 Oct 2012 12:58 PM PDT

The McClatchy Co. reported lower net income in the third quarter, hurt by declining circulation and ad revenue at its newspapers.

Stern to retire as NBA Commissioner in 2014

Posted: 25 Oct 2012 12:58 PM PDT

NBA Deputy Commissioner Adam Silver, left, listens as Commissioner David Stern speaks during a basketball news conference following Board of Governors meetings in New York, Thursday, Oct. 25, 2012. Stern announced he will retire on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Silver. (AP Photo/Kathy Willens)NBA Commissioner David Stern will retire on Feb. 1, 2014, 30 years after he took charge of the league. He will be replaced by Deputy Commissioner Adam Silver.

Correction: US Oil Boom story

Posted: 25 Oct 2012 12:55 PM PDT

In a story Oct. 23 about the boom in U.S. oil production, The Associated Press misidentified the year and amount of peak U.S. oil output. U.S. oil output peaked in 1970 at 11.7 million barrels per day, not in 1985 at 11.2 million barrels per day.

Indiana picked as Big Ten favorite in basketball

Posted: 25 Oct 2012 12:54 PM PDT

Indiana men's NCAA college basketball player Jordan Hulls talks to reporters at Big Ten media day in Rosemont, Ill., Thursday, Oct. 25, 2012. (AP Photo/Nam Y. Huh)Tom Crean didn't really understand what he was getting into when he took the Indiana job four years ago.

Broadway's Spider-Man offers advice this Halloween

Posted: 25 Oct 2012 12:54 PM PDT

Robert Cuccioli, portraying the Green Goblin, center, and Reeve Carney, portraying Spider-Man, right, are shown along with an actor dressed as villan Kraven the Hunter from the Broadway musical, "Spider-Man: Turn Off the Dark," during a news conference held to offer tips on keeping kids safe this Halloween, Thursday, Oct. 25, 2012 in New York. Representatives from the city's fire and police departments and actors from the cast reminded parents to examine all Halloween candy and never eat any unwrapped treats, ensure children wear flame-retardant costumes and masks that never impeded their ability to see and hear, and avoid strangers or unfamiliar houses. (AP Photo/Mark Kennedy)Look who's giving safety advice: None other than Broadway's one-time injury-happy Spider-Man.

Group of major CEOs urges tax hikes, spending cuts

Posted: 25 Oct 2012 12:52 PM PDT

CEOs from more than 80 major U.S. companies are pressing Congress to reduce the federal deficit by raising taxes and cutting spending. The deficit and how to tame it has become a key theme in the presidential campaign.

Photos boost Fujimori pardon campaign

Posted: 25 Oct 2012 12:51 PM PDT

In this Oct. 14, 2012 photo, the front page of a newspaper shows a photograph of Peru's former President Alberto Fujimori laying in a bed as he serves jail time that reads in Spanish "They want you to feel sorry for him" in Lima, Peru. A campaign is in full swing to win a pardon for Fujimori from the 25-year prison sentence he is serving for death squad killings and corruption during his 1990-2000 rule. (AP Photo/Rodrigo Abd)The first photograph showed an ugly open sore near the tip of Alberto Fujimori's tongue. In the second, a palid Fujimori lay in bed in a white T-shirt, hair tousled, looking ghastly.

Syria commits to 4-day truce, but prospects dim

Posted: 25 Oct 2012 12:50 PM PDT

In this Wednesday, Oct. 24, 2012 photo, a Free Syrian Army fighter watches over an enemy position as rebel fighters belonging to the Liwa Al Tawhid group carry out a military operation at the Moaskar front line, one of the battlefields in the Karmal Jabl neighborhood, in Aleppo, Syria. (AP Photo/Narciso Contreras)The embattled regime of Syrian President Bashar Assad promised Thursday to observe a U.N.-proposed truce during a four-day Muslim holiday, while rebels claimed major gains in the key battleground of Aleppo.

Buffett's firm wins auction for ResCap's loans

Posted: 25 Oct 2012 12:48 PM PDT

Warren Buffett's company won the auction for Residential Capital's loan portfolio with a $1.5 billion bid this week.

Ford to shut more plants as Europe losses grow

Posted: 25 Oct 2012 12:47 PM PDT

A security guard locks a gate after workers left the Ford Transit Assembly Plant in Southampton, England after being told that the site will close with the loss of up to 1,500 jobs Thursday Oct. 25, 2012. Ford, which expects to lose more than $1 billion a year in Europe, has been pursuing plant closures and layoffs. Fears were mounting that the axe may also soon fall in Britain as trade unions at Ford's Southampton plant have been called in for a meeting with management on Thursday. (AP Photo/Chris Ison/PA) UNITED KINGDOM OUTFord pressed ahead Thursday with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.

Pippa Middleton publishes book on how to party

Posted: 25 Oct 2012 12:47 PM PDT

Pippa Middleton, sister to the Duchess of Cambridge, formerly known as Kate Middleton, poses for the media as she arrives at a bookshop to promote her new book "Celebrate: A Year of British festivities for families and friends", in London Thursday, Oct. 25, 2012. (AP Photo/Kirsty Wigglesworth)One thing everyone in Britain can agree on: Pippa Middleton knows how to party.

Voodoo adds tent camping to festival experience

Posted: 25 Oct 2012 12:47 PM PDT

FILE- This Wednesday, Oct. 28, 2009 file photo shows a large sign in front of the New Orleans Museum of Art in City Park welcoming music lovers for the Voodoo Art and Music Experience during Halloween weekend in New Orleans. The three-day festival begins Friday, Oct. 26, 2012, at New Orleans City Park, and this will be the first year tent-camping will be available for concert-goers _ a popular stable at European music festivals. (AP Photo/Cheryl Gerber, file)The Voodoo Music + Arts Experience is bringing a European music festival experience to New Orleans with overnight tent camping and more Euro-dance-based acts to its stage.

Unprecedented 'black mold' meningitis a challenge

Posted: 25 Oct 2012 12:46 PM PDT

FILE - In this Tuesday, Oct. 9, 2012 file photo, laboratory technician Ruth Rutledge packages cerebrospinal fluid of three confirmed meningitis cases in Minn., to send to the Centers for Disease Control and Prevention in Atlanta for further testing, at the Minnesota Department of Health in St. Paul, Minn. The black mold creeping into the spines of hundreds of people who got tainted shots for back pain marks uncharted medical territory. Doctors are beginning to detail in medical journals the first deaths in this outbreak, and the grim autopsy findings make clear that treating early is crucial, before the fungus becomes entrenched. (AP Photo/Hannah Foslien)The black mold creeping into the spines of hundreds of people who got tainted shots for back pain marks uncharted medical territory.

From text to touch, a look at Microsoft systems

Posted: 25 Oct 2012 12:46 PM PDT

FILE - In this Aug. 24, 1995, file photo, Microsoft Chairman Bill Gates sits on stage during a video portion of the Windows 95 Launch Event on the company's campus in Redmond, Wash. One of the biggest changes with Windows 8 is the disappearance of the familiar start button at the lower left corner of the screen. There will be a new screen filled with a colorful array of tiles, each leading to a different application, task or collection of files. (AP Photo/File)With Friday's release of the touch-centric Windows 8 software, Microsoft continues more than three decades of making operating systems for personal computers.

Judge OKs release of Romney divorce case testimony

Posted: 25 Oct 2012 12:45 PM PDT

CORRECTS NAME TO MAUREEN SULLIVAN STEMBERG, NOT MAUREEN STEMBERG SULLIVAN - Maureen Sullivan Stemberg, left, ex-wife of Staples founder Tom Stemberg, and her lawyer Gloria Allred, stand in Norfolk County Probate Court Thursday, Oct. 25, 2012, in Canton, Mass. Lawyers for The Boston Globe are to return to court Thursday to argue for the public release of testimony given by GOP presidential candidate Mitt Romney in the divorce of Stemberg. (AP Photo/Mark Garfinkel. pool)A Massachusetts judge on Thursday granted a request to unseal testimony by GOP presidential candidate Mitt Romney in the decades-old divorce of Staples founder Tom Stemberg.

Weak business spending drags on US growth

Posted: 25 Oct 2012 12:44 PM PDT

In this Monday, Sept. 10, 2012 photo Brian Gibson, top right, and his wife Elizabeth Gibson, below right, both of Framingham, Mass., examine stoves at a Lowe's store location in Framingham. U.S. companies remained cautious in September and held back on orders for long-lasting manufactured goods that signal investment plans. (AP Photo/Steven Senne)Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that's slowing the U.S. economy.

Ford deepens European cuts, sees $3 billion in losses

Posted: 25 Oct 2012 12:37 PM PDT

Genk's supporters stand near a banner reading "Ford = Bad Management" before Genk's Europa League soccer match against Sporting Lisbon in GenkLONDON/DETROIT (Reuters) - Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years. Ford told British unions Thursday it would scrap its Southampton van factory and an associated stamping facility in Dagenham in mid-2013, slashing 1,400 jobs and ending vehicle manufacturing by Ford in Britain. The move comes a day after Ford announced it would close a major car plant in Genk, Belgium, in late 2014. ...

Prosecutors: Teen confesses in death of Colo. girl

Posted: 25 Oct 2012 12:35 PM PDT

This booking photo provided by the Westminster, Colo., Police Department shows Austin Reed Sigg, 17, who has been arrested in the abduction and killing of a 10-year-old girl and the attempted kidnapping of a runner. Police say they arrested Sigg at his Westminster home Tuesday night, about five miles from the home of Jessica Ridgeway, who disappeared Oct. 5. Her body was found five days later in a field at a park. The break comes two days after police said Jessica's abduction was linked to the attempted abduction in May of a 22-year-old runner at another park. (AP Photo/Westminster Police Department)Prosecutors said Thursday a Colorado teenager confessed to killing a 10-year-old girl who lived less than a mile from his home — a crime that authorities previously said was probably committed by someone known to the small community of Westminster.

Recall news

Posted: 25 Oct 2012 12:33 PM PDT

The following recall has been announced:

Oil ends slightly higher, around $86 a barrel

Posted: 25 Oct 2012 12:26 PM PDT

It wasn't a convincing move higher, but oil managed to rise Thursday for the first time in six days.
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