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Friday, February 15, 2013

SEC files lawsuit over Heinz option trading

SEC files lawsuit over Heinz option trading

SEC files lawsuit over Heinz option trading

Posted: 15 Feb 2013 01:45 PM PST

Traders work at the post that trades H.J. Heinz Co. on the floor of the New York Stock Exchange(Reuters) - Securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3G Capital. The suit, filed in federal court in Manhattan, cites "highly suspicious trading" in Heinz call options just prior to the February 14 announcement of the deal. It claims the traders are either in, or trading through accounts in, Zurich, Switzerland. ...

Britain mulls giving RBS shares to public - report

Posted: 15 Feb 2013 01:38 PM PST

The logo of the Royal Bank of Scotland is seen at an office in LondonLONDON (Reuters) - In a move that might lift the spirits of cash-strapped Britons before the next general election, the government is considering giving away its stake in state-controlled Royal Bank of Scotland by 2015, newspapers reported on Friday. The government owns 82 percent of RBS after rescuing the bank by pumping in 45 billion pounds ($70 billion) of capital when it neared collapse in 2008. In October the bank said it was preparing to sell the shares in 2014, one year before the next general election, with the timing and sale structure up to the government. ...

U.S. files fraud case against former congressman Jesse Jackson Jr

Posted: 15 Feb 2013 01:37 PM PST

Rep. Jesse Jackson, Jr. appears on the U.S. Capitol steps in WashingtonWASHINGTON (Reuters) - Prosecutors filed criminal charges of fraud and conspiracy on Friday against former Chicago congressman Jesse Jackson Jr., accusing him and an unnamed co-conspirator of misusing $750,000 in campaign funds. Though Jackson, the son of the famed civil rights leader, did not immediately enter any plea, his lawyers released a statement from him admitting mistakes as the charges were filed in U.S. District Court in Washington. "I offer no excuses for my conduct and I fully accept my responsibility for the improper decisions and mistakes I have made," said Jackson, a Democrat. ...

Bae leads as Donald lurks at Riviera

Posted: 15 Feb 2013 01:37 PM PST

Luke Donald, of England, drives on the sixth tee in the second round of the Northern Trust Open golf tournament at Riviera Country Club in the Pacific Palisades area of Los Angeles Friday, Feb. 15, 2013. (AP Photo/Reed Saxon)LOS ANGELES (AP) — Sang-Moon Bae birdied his opening four holes Friday and kept right on going until he had the lead at the Northern Trust Open.

Lawyer for Jesse Jackson Jr.'s wife says she's signed plea agreement with federal prosecutors

Posted: 15 Feb 2013 01:31 PM PST

CHICAGO (AP) — Lawyer for Jesse Jackson Jr.'s wife says she's signed plea agreement with federal prosecutors.

Lawmakers probe shortfall in Job Corps program

Posted: 15 Feb 2013 01:30 PM PST

WASHINGTON (AP) — House and Senate lawmakers are investigating a nearly $100 million shortfall at the federal Job Corps program that has prompted the Labor Department to freeze enrollment at all 125 job centers around the country.

Packers release defensive back Charles Woodson

Posted: 15 Feb 2013 01:30 PM PST

Charles Woodson is on the market.

Serena Williams back at No. 1 with Qatar Open win

Posted: 15 Feb 2013 01:29 PM PST

Serena Williams of the U.S. celebrates after winning against Czech Republic's Petra Kvitova in their WTA Qatar Ladies Open tennis quarterfinal match in Doha, Qatar, Friday, Feb. 15, 2013. (AP Photo/Osama Faisal)DOHA, Qatar (AP) — An emotional Serena Williams returned to the top of women's tennis, overcoming a series of potentially career-ending injuries since 2010 to become the oldest woman to hold the No. 1 ranking.

New Yorkers react to mayor's plastic foam ban push

Posted: 15 Feb 2013 01:24 PM PST

A girl has a doughnut and a beverage, served in a foam cup, at a Dunkin' Donuts in New York Thursday, Feb. 14, 2013. New York Mayor Michael Bloomberg, who has taken on smoking, sugary drinks and salt, talked about banning food packaging made from polystyrene foam from stores and restaurants in his annual State of the City address on Thursday. (AP Photo/Mark Lennihan)NEW YORK (AP) — Barely 24 hours have passed since Mayor Michael Bloomberg proposed an all-out ban on plastic foam food containers in the city and already New Yorkers are asking: So what do we use instead?

Docs of disgraced Legion of Christ released in RI

Posted: 15 Feb 2013 01:22 PM PST

FILE - In this Nov. 30, 2004 file photo, Pope John Paul II gives his blessing to father Marcial Maciel, founder of the Legion of Christ, during a special audience at the Vatican. Pope Benedict XVI took over the Legion in 2010 after a Vatican investigation determined that Maciel had sexually molested seminarians and fathered three children by two women. Following a decision Thursday Feb. 14, 2013, by the Rhode Island Supreme Court, documents are set to be unsealed related to a lawsuit contesting the will of Gabrielle Mee, who left $60 million to the Legion. (AP Photo/Plinio Lepri, File)PROVIDENCE, R.I. (AP) — Documents related to a disgraced Roman Catholic order called the Legion of Christ were released to the public Friday amid a legal battle over a widow's bequest of $60 million to the organization.

Jesse Jackson Jr., wife charged in federal cases

Posted: 15 Feb 2013 01:21 PM PST

WASHINGTON (AP) — Former U.S. Rep. Jesse Jackson Jr. has been charged with spending $750,000 in campaign funds on personal expenses. His wife was charged with filing false income tax forms.

Cruise passengers became comrades on trip home

Posted: 15 Feb 2013 01:18 PM PST

The cruise ship Carnival Triumph is moored at a dock in Mobile, Ala., Friday, Feb. 15, 2013. The ship, which docked Thursday in Mobile after drifting nearly powerless in the Gulf of Mexico for five days, was moved Friday from the cruise terminal to a repair facility. The ship carrying more than 4,200 passengers and crew members had been idled for nearly a week in the Gulf of Mexico following an engine room fire. (AP Photo/Dave Martin)MOBILE, Ala. (AP) — When their cruise ship lost power, passengers aboard the Carnival Triumph could have been selfish and looked out only for themselves and their loved ones. Instead, they became comrades in a long, exhausting struggle to get home.

Judge sets May trial date for Kardashian divorce

Posted: 15 Feb 2013 01:17 PM PST

FILE - This Aug. 31, 2011 file photo shows Kim Kardashian and Kris Humphries attending a party thrown in their honor at Capitale in New York. Humphries' lawyer asked to be removed from the case on Thursday, Feb. 14, 2013, one day before a hearing is scheduled to determine when a trial should be held to end the former couple's marriage. (AP Photo/Evan Agostini, file)LOS ANGELES (AP) — Kim Kardashian has a due date for her baby and now a trial date for her divorce from NBA player Kris Humphries.

Lautenberg: No re-election bid, but not retirement

Posted: 15 Feb 2013 01:13 PM PST

Sen. Frank Lautenberg, the oldest member of the U.S. Senate, tells a gathering Friday, Feb. 15, 2013, in his hometown of Paterson, N.J., that he plans to retire at the end of his current term. The 89-year-old says he'll fight for gun control, against global warming and press to ensure working families are not left behind. His decision eliminates a probable primary battle with Cory Booker, the charismatic mayor or Newark, and possibly others including Democratic Rep. Frank Pallone, who is also mulling a run. (AP Photo/Mel Evans)PATERSON, N.J. (AP) — It had all the makings of a goodbye: a triumphant return to his hometown, a standing ovation, signs declaring him a legend, even a "We love you, Frank!" shouted from the back of the room.

S&P 500 extends winning streak, but barely

Posted: 15 Feb 2013 01:10 PM PST

NEW YORK (AP) — Stocks are closing narrowly mixed on Wall Street as the S&P 500 index notches its seventh straight week of gains.

Bosh gives Heat 3 starters in NBA All-Star game

Posted: 15 Feb 2013 01:03 PM PST

Miami Heat center Chris Bosh (1) shoots in front of Oklahoma City Thunder forward Serge Ibaka (9) in the first quarter of an NBA basketball game in Oklahoma City, Thursday, Feb. 14, 2013. (AP Photo/Sue Ogrocki)HOUSTON (AP) — Chris Bosh will start in the All-Star game, giving the NBA champion Miami Heat three starters for the Eastern Conference.

Braun stands by statement, focuses on baseball

Posted: 15 Feb 2013 12:58 PM PST

PHOENIX (AP) — Ryan Braun had already let it be known he was not taking any questions about his reported link to a Florida anti-aging clinic when he faced reporters outside the Milwaukee Brewers' spring training clubhouse on Friday.

Army may have to extend deployments in Afghanistan

Posted: 15 Feb 2013 12:56 PM PST

WASHINGTON (AP) — Soldiers deployed to Afghanistan next year may see their war tours extended because budget cuts will drastically limit training for brigades to replace them, the top Army general said Friday.

Rapper 2 Chainz arrested in Md. on drug charge

Posted: 15 Feb 2013 12:53 PM PST

FILE - This Feb. 10, 2013 file photo shows rap artist 2 Chainz at the 55th annual Grammy Awards in Los Angeles. Maryland State Police spokesman Sgt. Marc Black says troopers stopped a van Thursday, Feb. 14, for speeding and smelled marijuana. A backpack in the van was found to have a marijuana grinder and trace amounts of marijuana. 2 Chainz, whose real name is Tauheed Epps, claimed possession of the backpack and was arrested. Black says Epps was cited for having drug paraphernalia and marijuana and was released. The citation carries up to a year in jail and up to a $1,000 fine. (Photo by Jordan Strauss/Invision/AP, file)EASTON, Md. (AP) — Rapper 2 Chainz has been arrested on drug charges in Maryland where he was performing at a college homecoming event.

Obama wraps State of Union speech tour in Chicago

Posted: 15 Feb 2013 12:52 PM PST

President Barack Obama, right, is greeted by Chicago Mayor Rahm Emanuel after arriving at Chicago O'Hare International Airport in Chicago, Friday, Feb. 15, 2013. The president Obama went to Chicago to pitch his "Ladders of opportunity" economic plan that he laid out in his State of the Union address. (AP Photo/Evan Vucci)CHICAGO (AP) — President Barack Obama is wrapping up his post-State of the Union tour by talking about how government can build "ladders of opportunity" into the middle class.

Hagel delay gives opposition time to hone attack

Posted: 15 Feb 2013 12:49 PM PST

FILE - In this Jan. 31, 2013, file photo, Republican Chuck Hagel, President Obama's choice for Defense Secretary, testifies before the Senate Armed Services Committee during his confirmation hearing on Capitol Hill in Washington. Senate Republicans on Feb. 14, 2013, temporarily blocked a full Senate vote on Hagel's nomination as defense secretary.(AP Photo/J. Scott Applewhite, File)WASHINGTON (AP) — The weeklong Senate recess gives outside interest groups opposed to Chuck Hagel's nomination to become defense secretary more time to sharpen their attack against President Barack Obama's choice. And they're not wasting any of it, promising to redouble their efforts to scour Hagel's record and to pressure senators to vote against him.

In trying to sink Hagel, GOP takes aim at Obama

Posted: 15 Feb 2013 12:44 PM PST

FILE - In this Jan. 31, 2013, file photo, Republican Chuck Hagel, President Obama's choice for Defense Secretary, testifies before the Senate Armed Services Committee during his confirmation hearing on Capitol Hill in Washington. Senate Republicans on Feb. 14, 2013, temporarily blocked a full Senate vote on Hagel's nomination as defense secretary.(AP Photo/J. Scott Applewhite, File)WASHINGTON (AP) — Republicans have found a boatload of reasons to try to sink Chuck Hagel's hopes of becoming the next defense secretary. But the issue they used this week to stall his nomination — the White House's handling of last September's deadly Benghazi attack — may seem entirely unrelated to Hagel's qualifications because, well, it is.

With 3rd gold at worlds, Ligety joins ski legends

Posted: 15 Feb 2013 12:40 PM PST

United States' Ted Ligety celebrates winning the gold medal after the men's giant slalom at the Alpine skiing world championships in Schladming, Austria, Friday, Feb. 15, 2013. (AP Photo/Kerstin Joensson)SCHLADMING, Austria (AP) — Ted Ligety has joined some of skiing's legends. And in doing so, the American catapulted himself into the sport's biggest spotlight heading into next year's Sochi Olympics.

States' choices set up national health experiment

Posted: 15 Feb 2013 01:47 PM PST

FILE -In this Dec. 28, 2011 file photo, then-Nebraska Sen. Ben Nelson, currently National Association of Insurance Commissioners CEO, smiles during an interview with The Associated Press in his Omaha, Neb office. President Barack Obama's health care overhaul is unfolding as a national experiment with American consumers as the guinea pigs: Who will do a better job getting uninsured people covered, the states or the feds? (AP Photo/Dave Weaver, File)WASHINGTON (AP) — President Barack Obama's health care overhaul is unfolding as a national experiment with American consumers as the guinea pigs: Who will do a better job getting uninsured people covered, the states or the feds?

NHL meets with IIHF again on Olympic issue

Posted: 15 Feb 2013 12:37 PM PST

NEW YORK (AP) — Two days of talks between the NHL and international hockey officials wrapped up Friday with signs that the league will wind up sending its players to the 2014 Sochi Games.

Venezuela shows first Chavez photos, says has trouble speaking

Posted: 15 Feb 2013 12:35 PM PST

Venezuela's President Hugo Chavez smiles in between his daughters while recovering from cancer surgery in HavanaCARACAS (Reuters) - Venezuela published the first photos of cancer-stricken Hugo Chavez since his surgery in Havana more than two months ago, and said the socialist president was breathing through a tracheal tube and struggling to speak. The pictures showed the 58-year-old, his face looking swollen but smiling, lying down in a hospital bed and flanked by his two daughters. In one, they were reading Thursday's edition of the Cuban state newspaper Granma. ...

Judge sets trial date for Kardashian divorce case

Posted: 15 Feb 2013 12:34 PM PST

FILE - This Aug. 31, 2011 file photo shows Kim Kardashian and Kris Humphries attending a party thrown in their honor at Capitale in New York. Humphries' lawyer asked to be removed from the case on Thursday, Feb. 14, 2013, one day before a hearing is scheduled to determine when a trial should be held to end the former couple's marriage. (AP Photo/Evan Agostini, file)LOS ANGELES (AP) — A judge says Kim Kardashian's divorce trial should begin in early May.

Oscar-nominated documentaries capture history

Posted: 15 Feb 2013 12:34 PM PST

This undated publicity photo released by Kino Lorber, Inc. shows Adeeb and Phil participating in a protest against the Israeli settlements in a scene from the documentary film, "5 Broken Cameras," co-directed by Emad Burnat and Guy Davidi. (AP Photo/Kino Lorber, Inc.)LOS ANGELES (AP) — The Oscar-nominated features "5 Broken Cameras" and "How to Survive a Plague" represent documentaries in the truest, purest form of the word: They capture a spark, a moment in history, and they make us feel as if we were there, too.

Mo. man freed on bond before murder retrial

Posted: 15 Feb 2013 12:32 PM PST

FILE - This June 2, 2011 file photo shows Mark Woodworth during hearing in Columbia, Mo. A Missouri judge ordered Woodworth freed on bond Friday, Feb. 15, 2013 while he awaits his third trial in the 1990 fatal shooting of a neighbor in her rural Missouri home. Woodworth, 38, has been serving a life sentence in the fatal shooting of Cathy Robertson. (AP Photo/Kelley McCall, File)CHILLICOTHE, Mo. (AP) — A Missouri man whose conviction in the 1990 slaying of a rural neighbor was recently overturned by the state Supreme Court was freed on bond Friday as the state prepares for a third murder trial in the case.

Weeping Pistorius faces life in prison in shooting

Posted: 15 Feb 2013 12:28 PM PST

Model Reeva Steenkamp is seen in this undated handout picture released by Capacity RelationsPRETORIA, South Africa (AP) — Olympic athlete Oscar Pistorius wept in court Friday as prosecutors said they'll pursue a charge of premeditated murder against him in the killing of his model girlfriend, meaning the man who once inspired the world could spend the rest of his life in prison.

Budget fight prompts fear of US diplomatic retreat

Posted: 15 Feb 2013 12:26 PM PST

WASHINGTON (AP) — The United States' claim to global diplomatic pre-eminence could take a major hit if legislators cannot stave off automatic spending cuts.

Yankees razz Youkilis for Red Sox remarks

Posted: 15 Feb 2013 12:25 PM PST

New York Yankees' Joba Chamberlain, right, laughs with non-roster invitee Matt Daley during a workout at baseball spring training, Wednesday, Feb. 13, 2013, in Tampa, Fla. (AP Photo/Matt Slocum)TAMPA, Fla. (AP) — Teammates of Kevin Youkilis were waiting to razz him when the third baseman walked into the New York Yankees clubhouse on Friday.

Stocks edge lower; Walmart pulls down the Dow

Posted: 15 Feb 2013 12:24 PM PST

In this Thursday, Feb. 14, 2013 photo, specialist Joe Parisi works at his post on the floor of the New York Stock Exchange, in New York. Disappointing news about Germany's economy sent Asian stock markets down on Friday, Feb. 15, 2013. (AP Photo/Richard Drew)NEW YORK (AP) — Stocks edged lower on Wall Street Friday afternoon, threatening to end the S&P 500's streak of weekly advances at six.

Kraft Foods expects lower 4Q revenue

Posted: 15 Feb 2013 12:24 PM PST

FILE - This undated file photo provided by Kraft Foods Inc., shows a box of peanut butter Kraft Milk Bite, milk and granola bars. Kraft Foods expects fourth-quarter adjusted earnings above analysts' current estimates, but it foresees lower revenue than a year ago. The U.S.-based company, whose brands include Oscar Mayer and Miracle Whip, also raised its 2013 earnings forecast Friday, Feb. 15, 2013. (AP Photo/Kraft Foods Inc., File)NORTHFIELD, Ill. (AP) — Kraft Foods, the company behind brands such as Oscar Mayer and Miracle Whip, said Friday that it expects to report lower revenue for the fourth quarter and raised its earnings forecast for this year.

Meteorite explodes over Russia, more than 1,000 injured

Posted: 15 Feb 2013 12:22 PM PST

CHELYABINSK, Russia (Reuters) - A meteorite streaked across the sky and exploded over central Russia on Friday, raining fireballs over a vast area and causing a shock wave that smashed windows, damaged buildings and injured 1,200 people. People heading to work in Chelyabinsk heard what sounded like an explosion, saw a bright light and then felt the shock wave, according to a Reuters correspondent in the industrial city 1,500 km (950 miles) east of Moscow. ...

Highlights: Policymakers' quotes at G20 summit in Moscow

Posted: 15 Feb 2013 12:22 PM PST

MOSCOW (Reuters) - Finance ministers and central bankers from the Group of 20 nations are meeting in Moscow under Russia's presidency. Following are key quotes from the meeting. ECB PRESIDENT MARIO DRAGHI "All this chatter that has been undertaken in the past few weeks is either inappropriate or fruitless - in all cases it's self-defeating." "The exchange rate is not a policy target, but the exchange rate is important for growth and price stability." "We don't believe that inflating budget deficits to create demand is sustainable. ...

Passengers slog home after 'horrible' Gulf cruise

Posted: 15 Feb 2013 12:21 PM PST

MOBILE, Ala. (AP) — Passengers finally escaped the disabled Carnival cruise ship Triumph and were on the move Friday: some checked into hotels while others hopped on buses or jumped on charter flights home after five numbing days at sea on a cruise liner paralyzed by an engine-room fire.

G20 set to dilute big powers' demands on currencies

Posted: 15 Feb 2013 12:20 PM PST

France's Finance Minister Moscovici and Britain's Chancellor of the Exchequer Osborne walk past a wedding car at the Ritz Carlton hotel in MoscowMOSCOW (Reuters) - The Group of 20 nations will not single out Japan over the weak yen and will disregard a call from G7 powers to refrain from using economic policy to target exchange rates, according to a text drafted for finance leaders. A G20 delegate who has seen the communique - prepared by finance officials for their bosses - also said it would make no direct mention of new debt-cutting targets, something Germany is pressing for but which the United States wanted struck out. ...

Oil under $96 a barrel on US industrial data

Posted: 15 Feb 2013 12:09 PM PST

NEW YORK (AP) — Oil prices fell below $96 a barrel Friday after disappointing U.S. industrial production data fed concerns about the nation's economic recovery.

Cruz shocked name linked to Fla. clinic, PEDs

Posted: 15 Feb 2013 12:07 PM PST

Texas Rangers players run during a spring training baseball workout, Thursday, Feb. 14, 2013, in Surprise, Ariz. (AP Photo/Charlie Riedel)SURPRISE, Ariz. (AP) — Texas Rangers slugger Nelson Cruz said Friday it was "shocking" and "depressing" to see his name came up in connection with a Florida clinic now at the center of Major League Baseball's latest drug investigation.
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