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Tuesday, November 27, 2012

From Canada, a tough economist for Bank of England

From Canada, a tough economist for Bank of England

From Canada, a tough economist for Bank of England

Posted: 27 Nov 2012 01:19 PM PST

Canadian Finance Minister Jim Flaherty, left, shakes hands with Bank of Canada Governor Mark Carney, right, in Ottawa, Ontario, Monday Nov. 26, 2012. Carney will become head of the Bank of England next summer. Flaherty called it a bittersweet moment as he announced Carney's new job as the first time a foreigner has been tabbed to run Britain's venerable national bank. (AP Photo/The Canadian Press, Fred Chartrand)Naming the first foreigner to serve as governor of the Bank of England since it was founded in 1694 might have been expected to cause a fuss. Yet the appointment of Canadian Mark Carney has won bipartisan praise in Britain.

Stocks falter with no signs of progress on budget

Posted: 27 Nov 2012 01:15 PM PST

Stocks are closing lower on Wall Street following indications that little progress is being made in Washington in talks over how to narrow the U.S. government's budget deficit.

With Egypt's Morsi, US faces a familiar dilemma

Posted: 27 Nov 2012 01:15 PM PST

FILE - This July 13, 2012 file photo shows Egyptian President Mohammed Morsi speaking to reporters at the Presidential palace in Cairo, Egypt. The US has been here before with Egypt, praising its leader for championing Israeli-Palestinian peace efforts while expressing deep concern over his commitment to democracy at home. But with options limited, the Obama administration is keeping its faith in President Mohammed Morsi. (AP Photo/Maya Alleruzzo, File)The United States has been this route before with Egypt. The US is praising Egypt's leader for championing Israeli-Palestinian peace efforts but is also expressing concern over his commitment to democracy at home.

4 Ugandan bombing suspects claim FBI abused them

Posted: 27 Nov 2012 01:10 PM PST

Four terror suspects charged with killing 76 people watching the 2010 World Cup soccer final on TV in Uganda claimed they were physically abused during interrogations by FBI agents, an international rights group reported Tuesday.

Judge orders tobacco companies to say they lied

Posted: 27 Nov 2012 01:09 PM PST

A federal judge is ordering tobacco companies to publish corrective statements that say they lied about the dangers of smoking and to disclose smoking's health effects, including the death of 1,200 people a day.

Motorcycle deaths, injuries cost $16 billion

Posted: 27 Nov 2012 01:09 PM PST

Direct costs from deaths and injuries due to motorcycle crashes were $16 billion in 2010, but the full cost is likely higher because long-term medical expenses are difficult to measure, a government report said.

US declines to label China a currency manipulator

Posted: 27 Nov 2012 01:08 PM PST

The Obama administration has declined to label China a currency manipulator, noting that it's let its currency rise nearly 10 percent in value against the dollar since June 2010.

France to recognize Palestinian state at UN

Posted: 27 Nov 2012 01:05 PM PST

French Foreign Minister Laurent Fabius shakes hands with Malian Prime Minister Sheikh Modibo Diarra, unseen, in Paris, Tuesday, Nov. 27, 2012. The French foreign minister says France plans to vote in favor of recognition of a Palestinian state at the U.N. General Assembly this week, the first major European country to come out in favor. (AP Photo/Christophe Ena)France announced Tuesday that it plans to vote in favor of recognizing a Palestinian state at the U.N. General Assembly this week.

Rice concession on Libya fails to mollify 3 in GOP

Posted: 27 Nov 2012 01:05 PM PST

Sen. John McCain, R-Ariz., ranking Republican on the Senate Armed Services Committee, center, flanked by fellow committee members, Sen. Kelly Ayotte, R-N.H., left, and Sen. Lindsey Graham, R-S.C., right, speaks on Capitol Hill in Washington, Tuesday, Nov. 27, 2012, following a meeting with UN Ambassador Susan Rice. Rice met with lawmakers to discuss statements she made about the attack on the U.S. Consulate in Libya that left the ambassador and three other Americans dead. (AP Photo/Susan Walsh)U.N. Ambassador Susan Rice told lawmakers Tuesday that her initial explanation of the deadly Sept. 11 raid in Libya was wrong, but her concession failed to mollify three Republican senators who signaled they would oppose her possible nomination to be secretary of state.

Black Keys settle cases over music in commercials

Posted: 27 Nov 2012 01:28 PM PST

FILE - In a Dec. 10, 2011 file photo, Dan Auerbach, lead singer of The Black Keys, performs at Spike TV's Video Game Awards in Culver City, Calif. The band's attorney informed a federal judge on Monday, Nov. 26, 2012, that it had settled a lawsuit with Pizza Hut over the alleged misuse of its music in a commercial. The Black Keys reached a settlement with The Home Depot over similar allegations earlier this month, court records show. (AP Photo/Chris Pizzello, File)The Black Keys told a federal judge the band has settled copyright infringement lawsuits against Pizza Hut and The Home Depot claiming misuse of their music in commercials.

29 Tenn. courthouses receive bomb threats

Posted: 27 Nov 2012 01:04 PM PST

Bomb threats to 29 courthouses across Tennessee forced many to be evacuated Tuesday morning, including the federal building in Memphis, but authorities said no explosives were found.

ConAgra gobbles up store brands with Ralcorp deal

Posted: 27 Nov 2012 01:02 PM PST

This March 21, 2011, file photo shows a sign for ConAgra Foods' world headquarters in Omaha, Neb. ConAgra Foods is buying private-label food producer Ralcorp for about $4.95 billion, which will make it the biggest private-label packaged food business in North America. ConAgra Foods Inc. said Tuesday, Nov. 27, 2012, that the deal is expected to close by March 31, 2013 and needs Ralcorp shareholder approval. (AP Photo/Nati Harnik, File)ConAgra Foods is set to become the nation's biggest maker of store-brand foods, with the $5 billion purchase of Ralcorp that expands its stake in the growing market for cereals, crackers and other packaged foods sold under private labels.

Wikileaks GI to argue his detention merits release

Posted: 27 Nov 2012 01:00 PM PST

Demonstrator Richard Ochs wears a button in support of Army Pfc. Bradley Manning as he stands outside of Fort Meade, Md., Tuesday, Nov. 27, 2012, where Manning is scheduled to appear for a pretrial hearing. Manning is accused of sending hundreds of thousands of classified Iraq and Afghanistan war logs and more than 250,000 diplomatic cables to the secret-spilling website WikiLeaks while he was working as an intelligence analyst in Baghdad in 2009 and 2010. (AP Photo/Patrick Semansky)An Army private charged in the biggest security breach in U.S. history is trying to avoid trial by claiming he was already punished enough when he was locked up alone in a small cell and forced to sleep naked for several nights.

President signs whistle-blower bill for US workers

Posted: 27 Nov 2012 12:59 PM PST

President Barack Obama signed legislation Tuesday that affords greater protection to federal employees who expose fraud, waste and abuse in government operations.

Israeli PM Netanyahu suddenly seems vulnerable

Posted: 27 Nov 2012 12:59 PM PST

FILE - In this Thursday, Nov. 22, 2012 file photo, Israeli Prime Minister Benjamin Netanyahu visits the national police headquarters in Jerusalem. Netanyahu, who appeared to be cruising to victory a few weeks ago, suddenly appears vulnerable as national elections approach. His Likud Party's selection of an exceptionally hard-line slate of candidates, coupled with the political return of a popular former foreign minister could galvanize Israel's divided opposition.(AP Photo/Gali Tibbon, Pool, File)Israeli Prime Minister Benjamin Netanyahu, who appeared to be cruising to re-election a few weeks ago, suddenly appears vulnerable as the country prepares to go to the polls in January.

Oil slips after holiday sales data, Greece deal

Posted: 27 Nov 2012 12:57 PM PST

Oil prices fell Tuesday as traders remained unsure whether positive U.S. economic news signals an increase in fuel demand.

UN nuclear agency reports being hacked

Posted: 27 Nov 2012 12:57 PM PST

The International Atomic Energy Agency acknowledged Tuesday that one of its servers had been hacked after a previously unknown group critical of Israel's undeclared nuclear weapons program posted contact details for more than 100 experts working for the U.N. nuclear watchdog.

Republicans propose plan for undocumented young

Posted: 27 Nov 2012 12:54 PM PST

Two Senate Republicans on Tuesday unveiled their version of the Dream Act, stalled legislation that would provide a path to legal status for hundreds of thousands of young immigrants, many who have spent most of their lives in the United States.

ConAgra finally wins Ralcorp in $5 billion store-brand food bet

Posted: 27 Nov 2012 12:50 PM PST

Conagra(Reuters) - ConAgra Foods Inc sealed a deal to buy Ralcorp Holdings Inc for $5 billion, more than a year and a half after first bidding on it, turning the maker of Chef Boyardee pasta into the top U.S. producer of store-branded foods. ConAgra said on Tuesday it will pay $90 per share in cash, a premium of 28 percent to Ralcorp shares' closing price on Monday. The deal creates a packaged food giant with $18 billion in annual sales -- from branded foods like Slim Jim meat snacks and Hunt's ketchup to foods that stores brand as their own. ...

As Great Lakes plummet, towns try to save harbors

Posted: 27 Nov 2012 12:50 PM PST

In this Nov. 16, 2012 photo, Jim Simons, who runs a rod and reel repair business in Onekama, Mich., strolls on a sand bar alongside the Portage Lake channel that leads to Lake Michigan at Onekama, Mich. The sand bar normally would be submerged in water, but low Great Lakes levels have exposed the shoreline in many areas, causing problems for boaters and tourist businesses in small harbor towns. The Great Lakes, the world's biggest freshwater system, are dropping because of drought and climbing temperatures, a trend that accelerated with this year's almost snowless winter and scorching summer. (AP Photo/John Flesher)For more than a century, easy access to Lake Michigan has made Onekama a popular place for summer visitors and a refuge for boaters fleeing dangerous storms. Now the community itself needs a rescue, from slumping lake levels that threaten its precious link to open water.

'Moonrise,' 'Silver Linings' lead Spirit Awards

Posted: 27 Nov 2012 12:48 PM PST

Zoe Saldana appears on stage at the Film Independent Spirit Awards Nominations press conference at The W Hotel Hollywood on Tuesday, Nov. 27, 2012, in Los Angeles. The show will be held on Saturday, February 23, 2012 in the afternoon in a tent on the beach in Santa Monica. (Photo by John Shearer/Invision/AP)The oddball romances "Moonrise Kingdom" and "Silver Linings Playbook" picked up five nominations each Tuesday to lead the Spirit Awards honoring independent film.

'Two and a Half Men' actor not expected on set

Posted: 27 Nov 2012 12:47 PM PST

FILE - In this March 12, 2012 file photo, actor Angus T. Jones arrives at the Paleyfest panel discussion of the television series "Two and a Half Men" in Beverly Hills, Calif. Jones, the teenage actor who plays the half in the hit CBS comedy "Two and a Half Men" says it's "filth" and through a video posted by a Christian church has urged viewers not to watch it. (AP Photo/Dan Steinberg, File)The teenage actor who stars in "Two and a Half Men" and called the CBS comedy "filth" may have some time before he faces the show's producers.

APNewsBreak: Senators ask Obama to protect river

Posted: 27 Nov 2012 12:46 PM PST

A group of U.S. senators will ask President Barack Obama for an emergency declaration in an effort to keep barges moving on the drought-riddled Mississippi River, a spokesman for Sen. Claire McCaskill told The Associated Press Tuesday.

US economy gets lift from consumers, businesses

Posted: 27 Nov 2012 12:46 PM PST

FILE -In this Friday, Nov. 23, 2012, file photo, Tonya Thomas, of Russellville, Ky., makes her way through the aisles at Best Buy in Bowling Green, Ky. U.S. consumer confidence rose this month to its highest level in almost five years, helped by a better outlook for hiring over the next six months. The Conference Board said Tuesday, Nov. 27, 2012, that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008. (AP Photo/Daily News, Alex Slitz)American consumers are growing more confident about the job market, companies are ordering more equipment and home prices are rising in most major cities.

Amber Tamblyn to make her Broadway debut next year

Posted: 27 Nov 2012 12:41 PM PST

In this Friday, April 20, 2012 photo, cast member Amber Tamblyn arrives at the "House" series finale wrap party Los Angeles. Tamblyn, who stars in Amber Tamblyn, who stars in "The Sisterhood of the Traveling Pants" films and on TV in "House" and "Joan of Arcadia," is heading to Broadway.

Brazil deforestation hits record low

Posted: 27 Nov 2012 01:25 PM PST

FILE - In this Sept. 15, 2009, file photo a forest in the Amazon is seen being illegally burnt, near Novo Progresso, in the northern Brazilian state of Para. Brazil's lower house of Congress is expected to vote Tuesday, April 24, 2012, on changes to the nation's benchmark environmental law that detractors say would weaken protections for the Amazon rainforest and stoke more destruction. (AP Photo/Andre Penner, file)Deforestation in Brazil's Amazon rainforest has dropped to its lowest level in 24 years, the government said Tuesday.

Lines by Madonna and other celebs pop up in stores

Posted: 27 Nov 2012 12:38 PM PST

In this Aug. 23, 2012, photo, fragrances from the Kim Kardashian collection are displayed at a Lord & Taylor department store in New York. Celebrities have long dabbled in design, but with the growth of TV shows and websites that follow everything celebrities say, wear and do, interest in their clothing lines has risen in recent years. North America revenue from celebrity clothing lines, excluding merchandise linked to athletes, rose 6 percent last year to an historic peak of $7.58 billion in 2011, according to the latest figures available by The Licensing Letter, an industry trade. That's on top of a nearly 5 percent increase in 2010. (AP Photo/Mark Lennihan)This holiday season you're likely to spot singer Jennifer Lopez in Kohl's. You could get a peek at pop music icon Madonna in Macy's. You might even catch a glimpse of reality TV star Kim Kardashian in Sears.

Senate takes up UN disability treaty

Posted: 27 Nov 2012 12:29 PM PST

The Senate has begun debate on a U.N. treaty promoting equal rights for the disabled, a convention that was signed by the George W. Bush administration in 2006 but faces some opposition from Republican senators.

Steelers hope to have Polamalu back for Ravens

Posted: 27 Nov 2012 12:25 PM PST

Pittsburgh Steelers quarterback Charlie Batch passes against the Cleveland Browns in the second quarter of an NFL football game on Sunday, Nov. 25, 2012, in Cleveland. (AP Photo/Ron Schwane)Ben Roethlisberger took a break from changing his newborn son's diapers to throw a few passes with his sprained right shoulder on Monday.

Exec embroiled in HP-Autonomy mess lashes out

Posted: 27 Nov 2012 12:24 PM PST

An executive vilified by Hewlett-Packard on allegations of an accounting ruse is stepping up his attack on the company accusing him.

Sweeping changes suggested for Pa. child abuse law

Posted: 27 Nov 2012 12:23 PM PST

FILE - In this June 22, 2012 file photo, former Penn State assistant football coach Jerry Sandusky arrives at the Centre County Courthouse in Bellefonte, Pa. A commission set up by the Pennsylvania Legislature after Jerry Sandusky's molestation arrest last year will issue a report that could recommend changes to state law. (AP Photo/Gene J. Puskar, File)Pennsylvania should enact sweeping changes to its child abuse laws, a legislative commission concluded Tuesday after a year of study prompted by Jerry Sandusky's arrest on molestation charges.

Soldiers: Mexico beauty queen had gun in her hands

Posted: 27 Nov 2012 12:21 PM PST

In this April 26, 2012 photo, Maria Susana Flores Gamez poses for a photo for a story about upcoming representation of Mexico at a beauty pageant in China, in Culiacan, Mexico. Flores, who was voted the 2012 Woman of Sinaloa in a beauty pageant in February, was killed in northern Mexico on Nov. 24, 2012 during a running gun battle between soldiers and the gang of drug traffickers she was traveling with. (AP Photo/El Debate, Gladys Serrano)Mexican soldiers say beauty queen Maria Susana Flores Gamez had a gun in her hands when she was killed in a hail of gunfire over the weekend.

Congo rebels say will withdraw from Goma

Posted: 27 Nov 2012 12:19 PM PST

Leader of M23 Runiga addresses media in GomaGOMA, Democratic Republic of Congo (Reuters) - Rebels in the Democratic Republic of Congo said on Tuesday they would pull out of the eastern city of Goma in an apparent stalling of their drive to "liberate" the whole country. However, the situation on the ground remained far from clear after the rebels' political and military leaders gave conflicting statements over their intentions. ...

Audra McDonald new 'Live From Lincoln Center' host

Posted: 27 Nov 2012 12:18 PM PST

In this photo provided by "Live from Lincoln Center," Broadway star Audra McDonald poses for a portrait in front of the Lincoln Center in New York. PBS said Tuesday, Nov. 27, 2012, that the singer-actress is the new host of "Live from Lincoln Center." McDonald will emcee seven broadcasts from December through spring 2013, starting Dec. 13 with "The Richard Tucker Opera Gala." (AP Photo/"Live from Lincoln Center," Chase Newhart)Broadway superstar Audra McDonald is adding a new chapter to her long history with Lincoln Center.

US Justice launches probe into Albuquerque police

Posted: 27 Nov 2012 12:15 PM PST

The U.S. Justice Department plans a thorough investigation of the Albuquerque Police Department after a string of officer-involved shootings and a number of high-profile abuse cases alleging the use of excessive and deadly force.

Messi back at top of AP rankings, Iniesta 3rd

Posted: 27 Nov 2012 12:13 PM PST

Barcelona's Lionel Messi from Argentina is congratulated by teammate Andres Iniesta, right, after scoring a goal against Levante during their la liga soccer match at the Ciutat Valencia stadium in Valencia, Spain, Sunday, Nov. 25, 2012.(AP Photo/ Alberto Saiz)Lionel Messi moved back to the top of the AP Global Soccer rankings, and Barcelona stayed No. 1 in the team poll after a 4-0 win over Levante in the Spanish league.

Fla. man sues ex-Elmo puppeteer, claims NY abuse

Posted: 27 Nov 2012 12:08 PM PST

A Florida man has sued the ex-Elmo puppeteer who resigned amid sex allegations, saying the voice actor met him in New York after trolling gay telephone chat lines seeking underage boys for sex.

Pirelli unveils covered-up calendar for 2013

Posted: 27 Nov 2012 12:07 PM PST

Photographer Steve McCurry, center poses for a photo with supermodels Petra Nemcova, from left to right, Summer Rayne Oakes, Kyleigh Kuhn, Hanaa Ben Abdesslem, Liya Kebede, and Elisa Sednaoui at a press conference promoting the 2013 Pirelli Calendar in Rio de Janeiro, Brazil, Tuesday, Nov. 27, 2012. (AP Photo/Felipe Dana)After taking it all off for 39 straight years, the notoriously racy Pirelli calendar has buttoned up, delivering a 2013 edition Tuesday — in flamboyant Rio de Janeiro of all places — with nary a nude in sight.

Egyptians challenge Mursi in nationwide protests

Posted: 27 Nov 2012 12:06 PM PST

Anti-Mursi protesters run for cover during clashes with riot police at Tahrir Square in CairoCAIRO (Reuters) - Tens of thousands Egyptians protested on Tuesday against President Mohamed Mursi in one of the biggest rallies since Hosni Mubarak's overthrow, accusing the Islamist leader of seeking to impose a new era of autocracy. Police fired tear gas at stone-throwing youths in streets near the main protest in Cairo's Tahrir Square, heart of the uprising that toppled Mubarak last year. Clashes between Mursi's opponents and supporters erupted in a city north of Cairo. ...

Egypt mass protests challenge Islamist president

Posted: 27 Nov 2012 12:06 PM PST

Egyptian protesters attend an opposition rally in Tahrir Square in Cairo, Egypt, Tuesday, Nov. 27, 2012. Thousands flocked to Cairo's central Tahrir square on Tuesday for a protest against Egypt's president in a significant test of whether the opposition can rally the street behind it in a confrontation aimed at forcing the Islamist leader to rescind decrees that granted him near absolute powers.(AP Photo/Khalil Hamra)More than 200,000 people packed Cairo's central Tahrir square on Tuesday, chanting against Egypt's Islamist president in a powerful show of strength by the opposition demanding Mohammed Morsi revoke edicts granting himself near autocratic powers.
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