Pages

Wednesday, February 20, 2013

Stocks drop following Federal Reserve minutes

Stocks drop following Federal Reserve minutes

Stocks drop following Federal Reserve minutes

Posted: 20 Feb 2013 12:59 PM PST

Warren Meyers, a trader for DME Securites, monitors trading activity from his mobile workstation at the New York Stock Exchange on Wednesday, Feb. 20, 2013. Stock market indexes flipped between small gains and losses early after the U.S. government reported that housing construction slowed down during the first month of the year. (AP Photo/Bebeto Matthews)NEW YORK (AP) — Minutes from the Federal Reserve's last meeting spurred a late drop in the stock market Wednesday. Weaker worldwide sales from Caterpillar also helped pull the market lower.

Kansas homeowners fight Brownback plan to end tax

Posted: 20 Feb 2013 12:59 PM PST

TOPEKA, Kan. (AP) — Brian Jones has been an admirer of Republican Sam Brownback's fiscal conservatism going back to Brownback's days as an anti-tax congressman in the 1990s. But now the real estate company owner from southeast Kansas finds himself in the odd position of fighting hard against the governor's plan for phasing out the state income tax.

AP source: Boeing to propose 787 battery fix

Posted: 20 Feb 2013 12:56 PM PST

WASHINGTON (AP) — A congressional official says Boeing will propose to federal regulators a plan to temporarily fix problems with the 787 Dreamliner's batteries that have kept the planes on the ground for more than a month.

White House announces anti-theft trade strategy

Posted: 20 Feb 2013 12:56 PM PST

The building housing WASHINGTON (AP) — The Obama administration announced a broad new effort Wednesday to fight the growing theft of American trade secrets following fresh evidence linking cyberstealing to China's military.

Experts split on Detroit's fiscal recovery options

Posted: 20 Feb 2013 12:55 PM PST

FILE - In this Oct. 24, 2012 file photo, a pedestrian walks in Greektown in downtown Detroit. A state-appointed review team Tuesday, Feb. 19, 2013 determined Detroit is in a financial emergency, paving the way for Republican Gov. Rick Snyder to appoint an emergency manager who would need to come up with a new plan to get the city out of its fiscal crisis. (AP Photo/Carlos Osorio, File)DETROIT (AP) — In less than a month, Michigan Gov. Rick Snyder will decide whether the state will take over Detroit's broken finances and send in someone to oversee the city's fiscal recovery.

Google to sell Internet glasses to contest winners

Posted: 20 Feb 2013 01:03 PM PST

Google co-rounder Sergey Brin wears Google Glass glasses at an announcement for the Breakthrough Prize in Life Sciences at Genentech Hall on UCSF's Mission Bay campus in San Francisco, Wednesday, Feb. 20, 2013. (AP Photo/Jeff Chiu)SAN FRANCISCO (AP) — Google is giving more people a chance to pay $1,500 for a pair of the Internet-connected glasses that the company is touting as the next breakthrough in mobile computing.

Ariz. slaying suspect can't recall most of killing

Posted: 20 Feb 2013 12:51 PM PST

Defendant Jodi Arias talks about the text messages with Travis Alexander from March through May 2008, as she testifies in her murder trial st Judge Sherry Stephens' Superior Court , on Tuesday, Feb. 19, 2013. Arias is charged in the 2008 stabbing and shooting death of her lover, Alexander. She faces the death penalty if convicted of first-degree murder. (AP Photo/The Arizona Republic, Charlie Leight, Pool)PHOENIX (AP) — A woman charged with killing her lover testified Wednesday that she has no recollection of stabbing him, slitting his throat or even whether she shot him during a fight at his Arizona home nearly five years ago.

Republicans offer deal on American Indian courts

Posted: 20 Feb 2013 12:51 PM PST

WASHINGTON (AP) — Several House Republicans on Wednesday proposed legislation on Native American courts that could lay the groundwork for a compromise on the stalled Violence Against Women Act.

Sabres fire coach Lindy Ruff after 6-10-1 start

Posted: 20 Feb 2013 12:50 PM PST

BUFFALO, N.Y. (AP) — The Buffalo Sabres have fired coach Lindy Ruff as a result of the team's inconsistent start to the season.

Official: No sign Calif. gunman used drugs

Posted: 20 Feb 2013 12:49 PM PST

This undated image provided by the Tustin Police Department shows Ali Syed, a suspect in a series of shootings Tuesday, Feb. 19, 2013 in southern California. In less than an hour, Syed, an unemployed part-time student, shot and killed a woman in her home and two commuters during carjackings early Tuesday, shot up vehicles on a Southern California freeway and committed suicide as police closed in on him, authorities said. (AP Photo/Tustin Police Dept.)TUSTIN, Calif. (AP) — A sheriff's official says investigators have found no signs of illegal drug use by a California gunman who shot three people to death in an unexplained rampage.

Palestinian doc director held briefly at LAX

Posted: 20 Feb 2013 12:48 PM PST

LOS ANGELES (AP) — Immigration officials briefly detained the Palestinian director of the Oscar-nominated documentary "5 Broken Cameras" on his way into town for Sunday's Academy Awards.

Romney to address conservative conference in March

Posted: 20 Feb 2013 12:48 PM PST

WASHINGTON (AP) — Republican presidential candidate Mitt Romney will make his first public speech since the 2012 election at a noteworthy gathering of conservatives next month.

Boeing technical workers planning next move

Posted: 20 Feb 2013 12:47 PM PST

Workers begin to validate returned ballots at the headquarters of the union for Boeing Co.'s engineers and technical workers, Tuesday, Feb. 19, 2013, in Tukwila, Wash. Members of the Society of Professional Engineering Employees in Aerospace (SPEEA) are voting on a contract offer from the company and whether to authorize a strike. The union represents 23,000 employees, mostly in the Puget Sound region. Negotiations began in April and union members rejected one offer in October. The previous contract expired in November. (AP Photo/Elaine Thompson)SEATTLE (AP) — The union for Boeing's technical workers is planning its next move after they rejected a contract offer, splitting with engineers represented by the same union who approved the deal.

Oil drops on commodities sell-off, stocks retreat

Posted: 20 Feb 2013 12:47 PM PST

NEW YORK (AP) — The price of oil fell Wednesday, as a drop in metals commodities overflowed to crude markets and stocks retreated from five-year highs.

Egypt's military signals impatience with president

Posted: 20 Feb 2013 12:46 PM PST

In this Monday, Jan. 28, 2013 photo, a state of emergency is imposed in Port Said, Egypt. President Mohammed Morsi declared a curfew in three provinces along Suez Canal to prevent the current unrest. Egypt's powerful military is showing signs of growing impatience with the country's Islamist leaders, criticizing their policies and issuing veiled threats that it might seize power again. The tension is raising the specter of a military intervention much like the one in 2011, when generals ousted Hosni Mubarak to end a popular uprising.(AP Photo/The Yomiuri Shimbun) JAPAN OUTCAIRO (AP) — Egypt's powerful military is showing signs of growing impatience with the country's Islamist leaders, indirectly criticizing their policies and issuing thinly veiled threats that it might seize power again.

Report: Mexico disappearances constitute 'crisis'

Posted: 20 Feb 2013 12:45 PM PST

FILE - In this Oct. 28, 2012 file photo, a member of a caravan of Central American mothers hold a photograph of her disappeared child during a Mass at the Basilica of Guadalupe in Mexico City. The sign reads in Spanish "Looking for Denis Mauricio Jimenes Bautista." A new Human Rights Watch report released on Wednesday, Feb. 20, 2013 calls Mexico's anti-drug offensive MEXICO CITY (AP) — A Human Rights Watch report released Wednesday calls Mexico's anti-drug offensive "disastrous" and cites 249 cases of disappearances, most of which show evidence of having been carried out by the military or law enforcement.

Fed minutes show concerns about bond purchases

Posted: 20 Feb 2013 12:44 PM PST

WASHINGTON (AP) — Several Federal Reserve policymakers were concerned last month about the risks of the Fed's efforts to boost the U.S. economy by keeping borrowing costs low for the foreseeable future.

Obama administration tackles colonoscopy confusion

Posted: 20 Feb 2013 12:40 PM PST

WASHINGTON (AP) — It's one part of the new health care law that seemed clear: free coverage for preventive care under most insurance plans.

Ex-New Orleans mayor pleads not guilty to bribery

Posted: 20 Feb 2013 01:03 PM PST

NEW ORLEANS (AP) — Former New Orleans Mayor Ray Nagin pleaded not guilty Wednesday to charges he accepted more than $200,000 in bribes plus free trips and other gratuities in exchange for helping contractors secure millions of dollars in work for the city.

Major powers to make "substantial and serious offer" to Iran

Posted: 20 Feb 2013 12:38 PM PST

Iran's Foreign Minister Salehi delivers speech at German Council on Foreign Relations in BerlinLONDON (Reuters) - Major powers are ready to make "a substantial and serious offer" to Iran during talks next week in return for concessions on its nuclear program, a Western diplomat said on Wednesday. He declined to give details of the offer - aimed at reviving efforts to reach a diplomatic solution to long-stalled talks over Iran's disputed nuclear work. "We will take an offer with us which we believe to be a substantial and serious offer," the diplomat said of talks in Almaty, Kazakhstan. "This is an offer which we think has significant new elements in it. ...

Snow halts opening round at Match Play

Posted: 20 Feb 2013 12:33 PM PST

A volunteer walks along the practice green as snow falls during the Match Play Championship golf tournament, Tuesday, Feb. 19, 2013, in Marana, Ariz. Play was suspended. (AP Photo/Ross Franklin)MARANA, Ariz. (AP) — Already a year of wacky weather on the PGA Tour, this topped it all: snow.

US CEO ridicules French workers as time-wasting

Posted: 20 Feb 2013 12:33 PM PST

FILE - In this March 16, 2009 file photo, Titan Tire Corporation President Maury Taylor shows a poster during a news conference, in Des Moines, Iowa. Maury has written a stinging letter to the French government, blasting the French work ethic saying workers waste time talking. The letter, which has ruffled French feathers and dominated media Wednesday, Feb, 20, 2013 since being published in PARIS (AP) — A straight-talking U.S. businessman and a European socialist government were never likely to become the firmest of friends, but a letter from Maurice Taylor, CEO of tire-maker Titan International, blasting the French work-ethic has ruffled France's feathers.

Armstrong won't interview with USADA

Posted: 20 Feb 2013 12:32 PM PST

FILE - In this July 28, 2006 file photo, Lance Armstrong testifies during a U.S. Senate field hearing on cancer research and funding in Iowa City, Iowa. Armstrong is facing a Wednesday, Feb. 20, 2013 deadline to decide whether he will meet with U.S. Anti-Doping Agency officials and talk with them under oath about what he knows about performance-enhancing drug use in cycling. The agency has said Armstrong's cooperation in its cleanup effort is the only path open to Armstrong if his lifetime ban from sports it to be reduced.(AP Photo/Charlie Neibergall, File)AUSTIN, Texas (AP) — Lance Armstrong will not do a tell-all interview under oath with the agency that exposed his performance-enhancing drug use and took his seven Tour de France titles.

Study: Asian carp DNA may not signal live fish

Posted: 20 Feb 2013 12:22 PM PST

TRAVERSE CITY, Mich. (AP) — A new government study says live Asian carp don't have to be present for their DNA to turn up in the environment.

NASA rover prepares to analyze Mars rock dust

Posted: 20 Feb 2013 12:21 PM PST

LOS ANGELES (AP) — Fresh off drilling into a rock for the first time, the Mars rover Curiosity is prepping for the next step — dissecting the pulverized rock to determine what it's made of.

Hughes could be out 2 weeks due to bulging disk

Posted: 20 Feb 2013 12:18 PM PST

FILE - In this Feb. 16, 2013 file photo, New York Yankees' Phil Hughes, right, pitches as manager Joe Girardi looks on during a workout at baseball spring training in Tampa, Fla. Hughes could be sidelined for two weeks because of a bulging disk that will be treated with anti-inflammatory medication. "I'm convinced I'll be symptom free in the next four or five days," Hughes said Wednesday, Feb. 20, 2013. (AP Photo/Matt Slocum, File)TAMPA, Fla. (AP) — New York Yankees pitcher Phil Hughes could be sidelined for two weeks because of a bulging disk that will be treated with anti-inflammatory medication.

Study: Asian carp DNA may not signal life fish

Posted: 20 Feb 2013 12:18 PM PST

TRAVERSE CITY, Mich. (AP) — A new government study says live Asian carp don't have to be present for their DNA to turn up in the environment.

CA officials learn ID of 1st rampage victim

Posted: 20 Feb 2013 12:16 PM PST

This undated image provided by the Tustin Police Department shows Ali Syed, a suspect in a series of shootings Tuesday, Feb. 19, 2013 in southern California. In less than an hour, Syed, an unemployed part-time student, shot and killed a woman in her home and two commuters during carjackings early Tuesday, shot up vehicles on a Southern California freeway and committed suicide as police closed in on him, authorities said. (AP Photo/Tustin Police Dept.)TUSTIN, Calif. (AP) — Authorities have identified a woman who was shot to death in a home in southern Orange County by a gunman who went on to kill two more people and injure at least three others in an hour-long shooting spree, a sheriff's spokesman said Wednesday.

NASA Mars rover prepares to analyze 1st rock drill

Posted: 20 Feb 2013 12:14 PM PST

LOS ANGELES (AP) — Fresh off drilling into a rock for the first time, the Mars rover Curiosity is prepping for the next step — dissecting the pulverized rock to determine what it's made of.

Diplomats: Iran starts upgrade of nuclear site

Posted: 20 Feb 2013 12:12 PM PST

In this photo released by an official website of the Iranian supreme leader's office, Supreme Leader Ayatollah Ali Khamenei, waves to the crowd at the conclusion of his speech in Tehran, Iran, Saturday, Feb. 16, 2013. Iran's Supreme Leader said Saturday that his country is not seeking nuclear weapons, but that no world power could stop Tehran's access to an atomic bomb if it intended to build one. (AP Photo/Office of the Supreme Leader)VIENNA (AP) — Western diplomats say Iran has started installing high-tech machines at its main uranium enrichment site that are capable of accelerating activity that can produce reactor fuel and — with further upgrading — the core of a nuclear warhead.

Egypt rights groups allege rising police brutality

Posted: 20 Feb 2013 12:10 PM PST

FILE - In this Friday, Feb. 1, 2013 file photo, Egyptian riot police beat a 48-year-old Hamada Saber after stripping him, and before dragging him into a police van, during clashes next to the presidential palace in Cairo. Video of the incident outraged Egyptians. More than a dozen Egyptian rights groups allege that police abuse and brutality are on the rise in detention centers and during protests. The groups charged in a statement Wednesday, Feb. 20, 2013 that police were reverting back to the systematic torture that prevailed under the previous autocratic regime. (AP Photo/Khalil Hamra, File)CAIRO (AP) — Egyptian rights groups alleged Wednesday that police abuse and brutality are on the rise in detention centers and at demonstrations, which have intensified since the second anniversary of the uprising that ousted longtime leader Hosni Mubarak.

Office Depot in $1.2 billion deal to buy rival OfficeMax

Posted: 20 Feb 2013 12:09 PM PST

Office Depot store in Encinitas, California(Reuters) - Office Depot Inc will acquire smaller rival OfficeMax Inc in a $1.2 billion all-stock deal, the companies said on Wednesday, confirming an agreement inadvertently announced earlier in the day, before it was completed. The combined entity's name, headquarters and CEO are all undetermined, an unusual level of unresolved detail that points to the integration challenge the companies face. Office Depot shares plunged 18 percent, dragging down the value of the deal. A source familiar with the situation said the deal was not yet completed when the news first broke around 7:30 a.m. ...

Stanton hit in helmet by pitch from top prospect

Posted: 20 Feb 2013 12:09 PM PST

JUPITER, Fla. (AP) — An intrasquad matchup Wednesday between two precocious talents left Giancarlo Stanton dazed and Jose Fernandez shaken.

Hirsute in a huff over Gillette ads in Brazil

Posted: 20 Feb 2013 12:07 PM PST

SAO PAULO (AP) — Hate that hair? In Brazil, beware.

Greek yogurt popular with adults, will kids bite?

Posted: 20 Feb 2013 12:07 PM PST

FILE - In this Jan. 13, 2012 photo, Chobani Greek Yogurt is seen at the Chobani plant in South Edmeston, N.Y. Greek yogurt is taking over the dairy aisle, but will kids bite? The question is a critical one for General Mills, which is a dominant player in yogurt for kids, with about half the market. It's also important to Chobani, the leader in the Greek yogurt category, which is stepping up its courtship of kids — and their parents. (AP Photo/Mike Groll, File)BOCA RATON, Fla. (AP) — Greek yogurt is taking over the dairy aisle, but will kids bite?

Office Depot agrees to buy OfficeMax in stock deal

Posted: 20 Feb 2013 12:06 PM PST

In this combination of Associated Press file photos, an Office Depot is pictured in Miami, left, Wednesday, Feb. 14, 2007, and an OfficeMax store is shown in Philadelphia Wednesday, Aug. 3, 2006, right. Office Depot and OfficeMax announced Wednesday, Feb. 20, 2013, that they are being collated. The retailers said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion that would transform the office-supply retail sector, helping the No. 2 and No. 3 chains compete against industry behemoth Staples. (AP Photo/File)NEW YORK (AP) — Office Depot and OfficeMax are being collated.

NY developer: Airline reneging on 9/11 promise

Posted: 20 Feb 2013 12:04 PM PST

NEW YORK (AP) — A New York developer of the World Trade Center complex is accusing an airline of reneging on a promise not to use an "act of war" defense against property claims resulting from the Sept. 11 attacks.

Stanford University is 1st college to raise $1B

Posted: 20 Feb 2013 12:03 PM PST

FILE - In this Feb. 15, 2012 file photo, a Stanford University student walks in front of Hoover Tower on the Stanford University campus in Palo Alto, Calif. Stanford University became the first school to raise $1 billion in a single year, according to an annual college fundraising report released Wednesday, Feb. 20, 2013 that shows that elite institutions continue to grab a disproportionate share of donor dollars. (AP Photo/Paul Sakuma, File)SAN FRANCISCO (AP) — Stanford University has set a new record for college fundraising, becoming the first school to collect more than $1 billion in a single year, according to a report released Wednesday.

Pentagon checking story for bin Laden raid secrets

Posted: 20 Feb 2013 12:02 PM PST

WASHINGTON (AP) — The Pentagon says it is reviewing an Esquire magazine article on a Navy SEAL's account of his role in the May 2011 raid that killed Osama bin Laden to determine whether the account disclosed any classified information.

Pentagon notifies Congress of likely furloughs

Posted: 20 Feb 2013 12:01 PM PST

Leon Panetta and General Martin Dempsey testify in Washington on the Defense Department's response to the attacks on US facilities in BenghaziWASHINGTON (AP) — Defense Secretary Leon Panetta told Congress on Wednesday that if automatic government spending cuts kick in on March 1 he may have to shorten the workweek for the "vast majority" of the Defense Department's 800,000 civilian workers.
Posted by Anonymous at 1:23 PM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)