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Wednesday, January 9, 2013

Fund titans Loeb, Ackman square off on Herbalife

Fund titans Loeb, Ackman square off on Herbalife

Fund titans Loeb, Ackman square off on Herbalife

Posted: 09 Jan 2013 01:23 PM PST

News headline displaying "Herbalife" is seen under DowJones electronic ticker at Times Square in New York(Reuters) - The fight over nutritional supplements company Herbalife Ltd gained intensity and drama on Wednesday as hedge fund titans Daniel Loeb and William Ackman are now squaring off. Simply put, Loeb is betting Herbalife will flourish while Ackman is betting it will falter. Loeb, fresh off a stellar 2012, gave the supplements company a shot in the arm on Wednesday, when his Third Point LLC hedge fund said it had taken a stake of more than 8 percent in Herbalife. The company's shares rose sharply. ...

Self-portraits: Holmes sticks out tongue, has guns

Posted: 09 Jan 2013 01:21 PM PST

Chantel Blunk, left, is escorted by a victims assistant as she arrives for the third day of a preliminary hearing for Aurora theater shooting suspect James Holmes at the courthouse in Centennial, Colo., on Wednesday, Jan. 9, 2013. Chantel's husband Jon was killed in the shooting. (AP Photo/Ed Andrieski)CENTENNIAL, Colo. (AP) — The photos were chilling and enigmatic, just like their subject. In the pictures, taken on his IPhone hours before the Aurora movie theater massacre, accused gunman James Holmes mugs for the camera, sticks out his tongue and smiles as he holds a Glock under his face and displays his arsenal arrayed on his bed.

Minn. man accused of dismembering wife with saw

Posted: 09 Jan 2013 01:18 PM PST

This photo provided by the Ramsey County Sheriff shows Steven R. Johnson, who authorities say shot his wife in the head, used a saw to cut her body into pieces, then hid the remains in plastic bins in his friend's garage. (AP Photo/Ramsey County Sheriff)MINNEAPOLIS (AP) — A Minnesota man was charged Wednesday with shooting his wife after an argument, sawing her body into pieces and hiding her remains in plastic bins in a friend's garage.

Maple Leafs fire GM Brian Burke as season nears

Posted: 09 Jan 2013 01:14 PM PST

FILE - This April 10, 2011 file photo shows Toronto Maple Leafs general manager Brian Burke attending the year end press briefing in Toronto. The Maple Leafs have fired Burke, with the NHL season set to resume this month following a tentative settlement ending the lockout. ¶ The Maple Leafs have not made the playoffs since Burke took the job in 2008. (AP Photo/The Canadian Press, Chris Young, File)TORONTO (AP) — Brian Burke's brash and outspoken style wasn't a good fit for the new corporate owners of the Toronto Maple Leafs.

Review: 'Gangster Squad' is a numbing barrage

Posted: 09 Jan 2013 01:09 PM PST

This film image released by Warner Bros. Pictures shows Ryan Gosling as Sgt. Jerry Wooters in "Gangster Squad," a pulpy, violent tale of cops and mobsters in 1949 Los Angeles, rides an uncomfortable line between outlandishness and outright parody, and it's difficult to tell which is director Ruben Fleischer's intention. Which is a problem.

Trial near end for boy charged with killing father

Posted: 09 Jan 2013 01:09 PM PST

RIVERSIDE, Calif. (AP) — A slender blond boy with big eyeglasses appeared to listen intently Wednesday as lawyers argued in juvenile court over whether he knew the difference between right and wrong when he shot his sleeping neo-Nazi father to death at the age of 10.

Hasbro aims to jazz up Monopoly with new token

Posted: 09 Jan 2013 01:08 PM PST

This image provided by Hasbro shows a possible new Monopoly game piece. Makers of the classic game Monopoly want players to NEW YORK (AP) — The gig is almost up for one of the eight Monopoly tokens. But which will it be? Iron? Thimble? Top Hat?

Hamas flagship university grooms Hebrew teachers

Posted: 09 Jan 2013 01:03 PM PST

In this Monday, Jan. 7, 2013 photo, Palestinian students study Hebrew at the Islamic University in Gaza City. Gaza's Islamic University, a stronghold of the ruling Hamas militant group, has started its first Hebrew-language class. Hamas, which has killed hundreds of Israelis in years of battles against the Jewish state, says its aim is simple: Palestinians should learn their enemy's language: "As Jews are occupying our lands, we have to understand their language," says an Education Ministry official. (AP Photo/Adel Hana)GAZA CITY, Gaza Strip (AP) — Hamas' flagship university in Gaza has a new diploma on offer — Hebrew, the official language of its arch-foe Israel.

Kimmel beats Letterman in 1st night head-to-head

Posted: 09 Jan 2013 01:00 PM PST

FILE - This Nov. 12, 2012 file photo shows Jimmy Kimmel at the TV Guide Magazine's 2012 Hot List Party at Skybar at the Mondrian Hotel in West Hollywood, Calif. Kimmel went head-to-head Tuesday, Jan. 8, 2013, for the first time against CBS' NEW YORK (AP) — ABC's "Jimmy Kimmel Live" has gotten a warm welcome on its first night airing 30 minutes earlier.

NHL owners approve new labor deal; players to vote

Posted: 09 Jan 2013 12:59 PM PST

In this image from video, NHL commissioner Gary Bettman, left, talks to the media as Donald Fehr, executive director of the NHL Players' Association, stands next to him, in New York, early Sunday, Jan. 6, 2013. A tentative deal to end the 113-day NHL lockout was reached early Sunday morning following a marathon 16-hour negotiating session. (AP Photo/The Canadian Press, Chris Johnston)NEW YORK (AP) — NHL owners have ratified the tentative labor deal. All that now remains is player approval to finally start the hockey season.

Israeli law aims to make ultrathin models obsolete

Posted: 09 Jan 2013 12:59 PM PST

In this Tuesday, Jan. 8, 2013 photo distributed by Adi Barkan modeling agency, models stand in line for a fashion shoot in Ramat Hasharon, Israel. A new Israeli law prohibits the employment of underweight fashion models. The new law requires models to produce a medical report no older than three months at every shoot for the Israeli market, stating that they are not malnourished by World Health Organization standards. (AP Photo/Adi Barkan modeling agency, Heftsy Elgar)JERUSALEM (AP) — When Margaux Stelman began modeling a few months ago, she always had her sister Simone in mind.

Iranians freed in major prisoner swap in Syria

Posted: 09 Jan 2013 12:56 PM PST

In this photo provided by the Turkish Islamic aid group IHH, freed Syrian prisoners released by the Syrian government are seen in Damascus, Syria, Wednesday, Jan. 9, 2013. Syrian rebels freed 48 Iranians held captive since August, Iranian state TV reported Wednesday, part of what appeared to be the first major prisoner swap of the civil war. The deal, reportedly coordinated by the IHH, will also involve the release of more than 2,000 Syrians held by Bashar Assad's regime, Turkey's state-run agency Anadolu Agency reported. (AP Photo/IHH)DAMASCUS, Syria (AP) — Rebels freed 48 Iranians on Wednesday in exchange for more than 2,000 prisoners, including women and children, held by Syrian authorities — a deal struck after rare negotiations involving regional powers Turkey, Qatar and Iran.

Briton gets 33 months for weapons-to-Iran plot

Posted: 09 Jan 2013 12:53 PM PST

ADDS SENTENCING DETAILS - British businessman Christopher Tappin arrives at Federal court in El Paso, Texas, Wednesday, Jan. 9, 2013. U.S. District Judge David Briones sentenced Tappin Wednesday to two years and nine months in prison, said he would recommend that the Department of Justice approve any request by Tappin to be transferred to the United Kingdom. Tappin pleaded guilty in November to trying to buy missile parts and resell them to Iran. (AP Photo/Juan Carlos Llorca)EL PASO, Texas (AP) — A federal judge sentenced a British businessman to nearly three years in prison Wednesday for trying to buy surface-to-air missile parts from undercover U.S. agents to resell to Iran.

AP Sources: Investor seeking to buy Kings

Posted: 09 Jan 2013 12:52 PM PST

SEATTLE (AP) — People with knowledge of the situation said Wednesday that investor Chris Hansen has contacted the Maloof family about buying the Sacramento Kings.

NYC crane collapses; 7 people hurt, 3 seriously

Posted: 09 Jan 2013 12:52 PM PST

NEW YORK (AP) — The Fire Department of New York says a crane has collapsed at a construction site in the city's Queens borough, injuring seven people, three of them seriously.

Dark Horse, Wood start new 'Star Wars' comic

Posted: 09 Jan 2013 12:50 PM PST

The new Star Wars comic is displayed at Fat Jack's Comicrypt, Wednesday, Jan. 9, 2013, in Philadelphia. Writer Brian Wood, artist Carlos D'Anda and Dark Horse Comics launch a new monthly series Wednesday that focuses on Luke Skywalker, Princess Leia, Han Solo and Chewbacca, as well as droids R2-D2 and C3P0, as they seek to establish a foothold for the rebellion in the aftermath of the Death Star's destruction. (AP Photo/Matt Rourke)PHILADELPHIA (AP) — There's excitement brewing for fans of the original "Star Wars" trilogy.

Colorado theater shooting "mini-trial" ends

Posted: 09 Jan 2013 12:48 PM PST

Chantel Blunk, left, is escorted by a victims assistant as she arrives for the third day of a preliminary hearing for Aurora theater shooting suspect James Holmes at the courthouse in Centennial, Colo., on Wednesday, Jan. 9, 2013. Chantel's husband Jon was killed in the shooting. (AP Photo/Ed Andrieski)CENTENNIAL, Colo. (AP) — A hearing laying out the evidence against the accused gunman in the Colorado theater shooting ended Wednesday with the defense deciding not to call witnesses to explain James Holmes' mental health.

Bonds, Clemens rejected; no one elected to BB Hall

Posted: 09 Jan 2013 12:48 PM PST

FILE - In this April 3, 2006, file photo, San Francisco Giants' Barry Bonds grimaces as he walks back to the dugout after flying out during the sixth inning of a baseball game against the San Diego Padres in San Diego. With the cloud of steroids shrouding many candidacies, baseball writers may fail for the only the second time in more than four decades to elect anyone to the Hall. (AP Photo/Denis Poroy, File)NEW YORK (AP) — Steroid-tainted stars Barry Bonds, Roger Clemens and Sammy Sosa were denied entry to baseball's Hall of Fame, with voters failing to elect any candidates for only the second time in four decades.

Sandusky heads to court hearing on defense claims

Posted: 09 Jan 2013 12:47 PM PST

FILE - In this Oct. 9, 2012, file photo, former Penn State University assistant football coach Jerry Sandusky leaves the Centre County Courthouse after being sentenced in Bellefonte, Pa. Sandusky is expected to appear on Thursday, Jan., 10, 2013 inside a central Pennsylvania courtroom for a hearing about whether his lawyers had enough time to prepare for trial. (AP Photo/Gene J. Puskar, File)HARRISBURG, Pa. (AP) — Former Penn State assistant football coach Jerry Sandusky is expected to appear in court Thursday for a hearing about whether his lawyers had enough time to prepare for his child sex abuse trial and other defense claims about the fairness of his proceedings.

"Rumsfeld's Rules" coming out in May

Posted: 09 Jan 2013 12:47 PM PST

FILE - This Oct. 11, 2011 file photo shows former U.S. Secretary of Defense Donald Rumsfeld speaking during a luncheon on security in rising Asia, in Taipei, Taiwan. Rumsfeld has a book coming out in May 2013. NEW YORK (AP) — Here is a "known known" for publishing this spring: The many aphorisms of former Secretary of Defense Donald Rumsfeld are coming out in book form.

Iran arrests 5 musicians over dissident contacts

Posted: 09 Jan 2013 12:40 PM PST

TEHRAN, Iran (AP) — Iranian police have arrested five members of an underground band suspected of producing music for Farsi-speaking, dissident satellite channels based in the U.S.

Column: Is Lance Armstrong's U-turn just hot air?

Posted: 09 Jan 2013 12:40 PM PST

FILE - This combination image made of file photos shows Lance Armstrong, left, on Oct. 7, 2012, and Oprah Winfrey, right, on March 9, 2012. According to a release posted on Oprah's website on Tuesday, Jan. 8, 2013, Armstrong has agreed to a rare televised interview that will air next week and will address allegations that he used performance-enhancing drugs during his cycling career. (AP Photos/File)Lance Armstrong is finally ready to talk. And Oprah Winfrey is willing to listen. But does he have anything new and important to say? He and his interviewer will look plain silly next week if Armstrong just belatedly admits to what has become blindingly obvious: that he didn't win the Tour de France seven times on bread and water alone.

Oil down slightly, natural gas falls 3.3 percent

Posted: 09 Jan 2013 12:37 PM PST

NEW YORK (AP) — The price of oil barely budged Wednesday, while natural gas plunged to the lowest level since late September.

Facing backlash, AIG won't join lawsuit against US

Posted: 09 Jan 2013 12:37 PM PST

People pass the AIG building, in New York, Tuesday, Jan. 8, 2013. American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the U.S. over the government's $182 billion bailout of the insurer. (AP Photo/Richard Drew)NEW YORK (AP) — Facing a certain backlash from Washington and beyond, American International Group won't be joining a $25 billion shareholder lawsuit against the U.S. government over the terms of its bailout at the height of the financial crisis.

Retooling Pap test to spot more kinds of cancer

Posted: 09 Jan 2013 12:35 PM PST

Graphic shows pap smear method of detecting a variety of gynecological cancersWASHINGTON (AP) — For years, doctors have lamented that there's no Pap test for deadly ovarian cancer. Wednesday, scientists reported a tantalizing hint that one day, there might be.

Documents show battle over lottery winner's estate

Posted: 09 Jan 2013 12:32 PM PST

This undated photo provided by the Illinois Lottery shows Urooj Khan, 46, of Chicago's West Rogers Park neighborhood, posing with a winning lottery ticket. The Cook County medical examiner said Monday, Jan. 7, 2013, that Khan was fatally poisoned with cyanide July 20, 2012, a day after he collected nearly $425,000 in lottery winnings. (AP Photo/Illinois Lottery)CHICAGO (AP) — Documents show the widow a Chicago lottery winner poisoned with cyanide has battled in court with several of his siblings over control of his estate, including his lottery winnings.

Highlights of Hollywood's 2013 film lineup

Posted: 09 Jan 2013 12:31 PM PST

This undated publicity image released by Marvel shows Robert Downey Jr., as Tony Stark/Iron Man, in a scene from "Marvel's Iron Man 3." (AP Photo/Marvel/Zade Rosenthal)Highlights of Hollywood's 2013 schedule (release dates are subject to change):

APNewsBreak: Settlement in suit on pregnancy drug

Posted: 09 Jan 2013 12:29 PM PST

The Melnick sisters, who are suing Eli Lilly and Co. alleging that a synthetic estrogen known as DES caused them all to get breast cancer, pose at their hotel in Boston, Monday evening, Jan. 7, 2013. Testimony is set to begin in their federal lawsuit against the drug maker on Tuesday Jan. 8th. From left are Francine Melnick, Andrea Andrews, Donna McNeely and Michele Fecho. (AP Photo/Charles Krupa)BOSTON (AP) — Four sisters who claimed in a lawsuit their breast cancer was caused by synthetic estrogen their mother took during pregnancy in the 1950s have reached a settlement with the drug company Eli Lilly and Co., a lawyer for the sisters said Wednesday.

Q&A: With 4 nods, rapper Nas aims for Grammy gold

Posted: 09 Jan 2013 12:24 PM PST

This Dec. 20, 2012 photo shows American rapper and actor Nas, born Nasir Jones, posing in New York. Nas is nominated for four Grammys, including best rap album for NEW YORK (AP) — When a teenage Nas opted out of street hustling to chase his musical dream, those around him found it amusing.

Violence plays role in shorter US life expectancy

Posted: 09 Jan 2013 12:23 PM PST

This undated handout photo provided by Steven Woolf shows Woolf, of Virginia Commonwealth University, who served as chairman of a study panel on health. The United States suffers far more violent deaths than any other wealthy nation, due in part to the widespread possession of firearms and the practice of storing them at home in a place that is often unlocked, according to a report released Wednesday by two of the nation's leading health research institutions. (AP Photo)WASHINGTON (AP) — The United States suffers far more violent deaths than any other wealthy nation, due in part to the widespread possession of firearms and the practice of storing them at home in a place that is often unlocked, according to a report released Wednesday by two of the nation's leading health research institutions.

Kidnapped Texas boy to be reunited with family

Posted: 09 Jan 2013 12:22 PM PST

HOUSTON (AP) — A boy who was snatched from his Houston home when he was 8-months-old and moved around Texas for eight years before he was found will be removed from foster care and reunited with his siblings, a judge ruled Wednesday.

Doctor optimistic after Redskins' RG3 knee surgery

Posted: 09 Jan 2013 12:22 PM PST

Washington Redskins quarterback Robert Griffin III sits on the bench after being injured during an NFL wild card playoff football game against the Seattle Seahawks in Landover, Md., Sunday, Jan. 6, 2013. The Seahawks defeated the Redskins 24-14. (AP Photo/Evan Vucci)WASHINGTON (AP) — The doctor who performed the knee surgery on Robert Griffin III says it is "everybody's hope and belief" that the Washington Redskins quarterback will be ready for the 2013 season.

Obama to nominate Lew as Treasury chief Thursday

Posted: 09 Jan 2013 12:20 PM PST

File photo of White House Chief of Staff Lew at bipartisan meeting with Congressional leaders in Roosevelt Room of White HouseWASHINGTON (Reuters) - President Barack Obama will nominate White House chief of staff Jack Lew to be his next Treasury secretary, choosing a budget expert and close confidant to spearhead tough fiscal fights with Congress over the U.S. deficit. If confirmed by the Senate, Lew will replace Timothy Geithner, the longest serving member of Obama's original economic team, who has said he would step down after one term. A source familiar with the matter said Lew, who had been widely expected to be tapped for the role, will be nominated on Thursday. ...

Venezuela court endorses Chavez inauguration delay

Posted: 09 Jan 2013 12:17 PM PST

A woman walks past a mural depicting Venezuelan President Hugo Chavez in CaracasCARACAS (Reuters) - Venezuela's top court endorsed the postponement of Hugo Chavez's inauguration this week and ruled on Wednesday that the cancer-stricken president and his deputy would continue in their roles, despite a cacophony of opposition complaints. Critics had argued the 58-year-old's absence from his own swearing-in ceremony on January 10 meant a caretaker president must be appointed. Chavez has not been seen in public nor heard from in almost a month following surgery in Cuba. ...

Amid public rage, AIG opts out of U.S. government lawsuit

Posted: 09 Jan 2013 12:15 PM PST

A new sign is displayed over the entrance to the AIG headquarters offices in New York's financial district(Reuters) - The board of American International Group Inc decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the company's bailout, following two days of fevered backlash from Congress and the public over the prospect. AIG had been weighing whether to join a lawsuit filed by its former chief executive, Hank Greenberg, and his company Starr International, which owned 12 percent of the insurer before its 2008 rescue. ...

Final arguments given in CA boy's fratricide trial

Posted: 09 Jan 2013 12:14 PM PST

RIVERSIDE, Calif. (AP) — A judge has heard closing arguments in the trial of a Southern California boy accused of murdering his neo-Nazi father.

Flu season has Boston declaring health emergency

Posted: 09 Jan 2013 12:14 PM PST

BOSTON (AP) — Boston declared a public health emergency Wednesday as the city tried to deal with a harsh flu season and the state reported 18 flu-related deaths so far.

Crane collapses in NYC with some apparent injuries

Posted: 09 Jan 2013 12:12 PM PST

NEW YORK (AP) — The New York Fire Department says a crane has collapsed in the city's Queens borough. It appears there are some injuries, but no fatalities have been reported.

Court wary of warrantless blood tests in DUI cases

Posted: 09 Jan 2013 12:10 PM PST

FILE - This Oct. 1, 2012 file photo shows the Supreme Court in Washington. The Supreme Court appears likely to rule that law enforcement must usually seek a search warrant before ordering a blood test for an unwilling drunken-driving suspect. (AP Photo/Carolyn Kaster, File)WASHINGTON (AP) — The Supreme Court appeared reluctant Wednesday to allow police to routinely order blood tests for unwilling drunken-driving suspects without at least trying to obtain a search warrant from a judge.

AIG says will not join lawsuit against U.S. government

Posted: 09 Jan 2013 12:08 PM PST

(Reuters) - American International Group Inc will not join a lawsuit against the U.S. government over the terms of the insurer's 2008 bailout, the company said on Wednesday. In a statement, AIG said it expected to file a formal statement explaining its decision in coming weeks with the courts hearing the various cases. (Reporting by Ben Berkowitz; Editing by Gary Hill)
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