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Saturday, April 27, 2013

Moody's, S&P settle lawsuits over debt ratings

Moody's, S&P settle lawsuits over debt ratings

Moody's, S&P settle lawsuits over debt ratings

Posted: 27 Apr 2013 01:07 PM PDT

NEW YORK (AP) — Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that accused them of hiding risky investments.

Miss. man charged in suspicious letters case

Posted: 27 Apr 2013 12:58 PM PDT

FILE - In this Tuesday April 23, 2013 file photo, Everett Dutschke stands in the street near his home in Tupelo, Miss., and waits for the FBI to arrive and search his home in connection with the sending of poisoned letters to President Barack Obama and others. FBI spokeswoman Deborah Madden says Dutschke, 41, was arrested Saturday, April 27, 2013, at his Tupelo home in connection with the letters, which allegedly contained ricin. They were sent last week to Obama, Sen. Roger Wicker of Mississippi and earlier to 80-year-old Mississippi Judge Sadie Holland. (AP Photo/Northeast Mississippi Daily Journal, Thomas Wells, File) MANDATORY CREDITBRANDON, Miss. (AP) — Authorities have charged a Mississippi man with making and possessing ricin in the investigation into poison-laced letters sent to President Barack Obama and others.

Obama readies for annual correspondents' dinner

Posted: 27 Apr 2013 12:48 PM PDT

Late-night television host and comedian Conan O'Brien tours the Brady Press Briefing room of the White House in Washington, Friday, April, 26, 2013. O'Brien visited the White House ahead of his schedule hosting of the annual White House Correspondents Dinner on Saturday. (AP Photo/Pablo Martinez Monsivais)WASHINGTON (AP) — The annual gathering not far from the White House brings together journalists, government officials, politicians and media personalities for what's usually an evening of light-hearted banter and celebrity gawking.

Nadal, Almagro reach Barcelona Open final

Posted: 27 Apr 2013 12:47 PM PDT

El español Rafael Nadal observa la pelota en un partido contra Milos Raonic por las semifinales del Abierto de Barcelona el sábado, 27 de abril de 2013, en Barcelona. Nadal ganó 6-4, 6-0. (AP Photo/Manu Fernandez)BARCELONA, Spain (AP) — Seven-time winner Rafael Nadal defeated Milos Raonic 6-4, 6-0 Saturday to reach the final of the Barcelona Open.

USC's Barkley, 3 other QBs picked in 4th round

Posted: 27 Apr 2013 12:47 PM PDT

FILE - In this Oct. 13, 2012, file photo, Southern California's Matt Barkley throws a pass against Washington during an NCAA college football game in Seattle. Barkley was chosen with the 98th overall pick in the fourth round of the NFL draft by the Philadelphia Eagles on Saturday, April 27, 2013. (AP Photo/Elaine Thompson, File)NEW YORK (AP) — For anyone waiting for the draft of the quarterbacks — players included — it came Saturday in the fourth round.

Down 3-0, Celtics try avoid sweep Sunday vs Knicks

Posted: 27 Apr 2013 12:36 PM PDT

Boston Celtics' Paul Pierce, left, and Kevin Garnett sit on the bench during the fourth quarter of their 90-76 loss to the New York Knicks in Game 3 of a first round NBA basketball playoff series in Boston Friday, April 26, 2013. (AP Photo/Winslow Townson)WALTHAM, Mass. (AP) — Hanging on a wall of the Celtics' practice facility, opposite the faded banners that hung in the old Boston Garden a half-century ago, is a spotless one.

Italy forms new government after 2-month stalemate

Posted: 27 Apr 2013 12:32 PM PDT

Italian Premier-designate Enrico Letta speaks during a press conference at the Quirinale Presidential Palace in Rome, Saturday, April 27, 2013. Italy has finally has a new government, a coalition of Berlusconi's forces and center-left rivals who forged an unusual alliance to break a two-month stalemate following inconclusive elections. Enrico Letta, a center-left leader, will be premier in the government, which marks the latest political comeback by Silvio Berlusconi. (AP Photo/Domenico Stinellis)ROME (AP) — Center-left leader Enrico Letta forged a new Italian government Saturday in a coalition with former Premier Silvio Berlusconi's conservatives, an unusual alliance of bitter rivals that broke a two-month political stalemate from inconclusive elections in the recession-mired country.

Sharapova, Li reach final in Stuttgart

Posted: 27 Apr 2013 12:29 PM PDT

Russia's Maria Sharapova reacts after winning the semi-final match against Germany's Angelique Kerber at the WTA Porsche Tennis Grand Prix in Stuttgart, Germany, 27 April 2013. Sharapova won the match with 6-3, 2-6 and 7-5. (AP Photo/dpa, Bernd Weissbrod)STUTTGART, Germany (AP) — Defending champion Maria Sharapova will face Li Na in the final of the Porsche Grand Prix on Sunday in a matchup of the last two French Open winners.

Yankees: Nova, Cervelli on DL, Youkilis in lineup

Posted: 27 Apr 2013 12:28 PM PDT

New York Yankees trainer Steve Donohue, left, checks on catcher Francisco Cervelli, center, as manager Joe Girardi looks on during the first inning of a baseball game against the Toronto Blue Jays at Yankee Stadium in New York, Friday, April 26, 2013. Cervelli left the game. (AP Photo/Julio Cortez)NEW YORK (AP) — The banged-up New York Yankees put pitcher Ivan Nova and catcher Francisco Cervelli on the 15-day disabled list Saturday, the latest setbacks in an injury-riddled season.

2 RCR crew members arrested for post-race fight

Posted: 27 Apr 2013 12:27 PM PDT

RICHMOND, Va. (AP) — Nelson Piquet Jr. was involved in a post-race altercation that led to the arrest of two crew members for Richard Childress Racing, his team said Saturday.

NKorea charges US man in plot to overthrow regime

Posted: 27 Apr 2013 12:26 PM PDT

In this March 20, 2013 photo, a North Korean flag hangs inside the interior of Pyongyang's Supreme Court. North Korea says it will soon deliver a verdict in the case of detained American Kenneth Bae it accuses of trying to overthrow the government, further complicating already fraught relations between Pyongyang and Washington. The announcement about Bae comes in the middle of a lull after weeks of war threats and other provocative acts by North Korea against the U.S. and South Korea. Bae, identified in North Korean state media by his Korean name, Pae Jun Ho, is a tour operator of Korean descent who was arrested after arriving with a tour on Nov. 3 in Rason, a special economic zone bordering China and Russia. (AP Photo)PYONGYANG, North Korea (AP) — North Korea announced Saturday that an American detained for nearly six months is being tried in the Supreme Court on charges of plotting to overthrow the government, a crime that could draw the death penalty if he is convicted.

Egypt opposition files court case to reveal budget

Posted: 27 Apr 2013 12:26 PM PDT

Egyptians chat outside their tents in front of the Egyptian museum in Tahrir Square, in Cairo, Egypt, Saturday, April 27, 2013. Egypt's economy, particularly the vital tourism sector, has been hit hard by the instability that has followed the 2011 uprising that forced longtime autocratic ruler Hosni Mubarak from power. (AP Photo/ Amr Nabil)CAIRO (AP) — Several Egyptian opposition parties and civil society groups filed a lawsuit on Saturday to try to force the government to disclose the upcoming fiscal year's planned budget for the country where the economy has waned amid continued unrest.

Italy's Letta sets moderate course with new government

Posted: 27 Apr 2013 12:25 PM PDT

By Gavin Jones ROME (Reuters) - There is much about Italy's new center-left prime minister Enrico Letta, who named his cabinet on Saturday, that is likely to please financial markets and Rome's international partners. He is young, moderate and pro-European, and despite his low public profile he has been a member of the European political elite for many years. Letta speaks fluent English and has a sound grasp of economics. ...

Breyer has shoulder surgery after bike accident

Posted: 27 Apr 2013 12:23 PM PDT

In this photo taken Jan. 24, 2013, file photo U.S. Supreme Court Justice Stephen Breyer reacts during a lecture at Boston University School of Law in Boston. Breyer is in a Washington hospital after shoulder replacement surgery following a bicycle accident injury to his right shoulder Friday, April 26, 2013. Court spokeswoman Kathy Arberg says the 74-year-old Breyer is expected to make a full recovery following the operation Saturday. Previously he broke his collarbone in an accident in 2011 and sustained broken ribs and a punctured lung in a bicycle mishap in 1993, before he joined the court. (AP Photo/Elise Amendola)WASHINGTON (AP) — Supreme Court Justice Stephen Breyer is in a Washington hospital after shoulder replacement surgery following a bicycle accident.

NATO crash kills 4; Taliban begin spring offensive

Posted: 27 Apr 2013 12:20 PM PDT

In this April 10, 2013 photo released by the U.S. Army, U.S. Soldiers with Charlie Company, 1st Battalion, 38th Infantry Regiment, 4th Brigade Combat Team, 2nd Infantry Division cross the Tarnak river in the Panjwai district of Kandahar province, Afghanistan on a two-day mission to clear the area of explosives caches. The Taliban have announced they will launch their spring offensive on Sunday, April 28, 2013, signaling plans to step up attacks as the weather warms across Afghanistan, making both travel and fighting easier. (AP Photo/Sgt. Kimberly Hackbarth, U.S. Army)KABUL, Afghanistan (AP) — A NATO plane crash in southern Afghanistan killed four international troops on Saturday, the same day the Taliban announced its spring offensive and said it will target military and diplomatic sites with suicide bombers and infiltrate enemy forces to conduct deadly insider attacks.

Mississippi man charged with attempted use of a biological weapon

Posted: 27 Apr 2013 12:15 PM PDT

Everett Dutschke works on his mini-van in his driveway in TupeloBy Robbie Ward Tupelo, Mississippi (Reuters) - A Mississippi martial arts instructor arrested early on Saturday was charged with possession of the biological agent ricin and with attempting to use it as a weapon, the U.S. Department of Justice announced. James Everett Dutschke, age 41, was arrested following searches of his home and a former business as part of an investigation into ricin-laced letters sent to President Barack Obama and two other public officials. ...

FAA: Air traffic system soon at full operation

Posted: 27 Apr 2013 12:14 PM PDT

FILE - This April 23, 2013 file photo shows a United Airlines jet departing in view of the air traffic control tower at Seattle-Tacoma International Airport in Seattle. Congress easily approved legislation Friday ending furloughs of air traffic controllers that have delayed hundreds of flights daily, infuriating travelers and causing political headaches for lawmakers. (AP Photo/Elaine Thompson, File)WASHINGTON (AP) — The Federal Aviation Administration said it's suspended all employee furloughs and says air traffic facilities will begin returning to regular staffing levels over the next 24 hours.

Italy's Saccomanni moves from central banker to economy minister

Posted: 27 Apr 2013 11:55 AM PDT

By Gavin Jones ROME (Reuters) - Italy's new Economy Minister Fabrizio Saccomanni is a 70-year-old central banker virtually unknown to the general public, who should reassure financial markets and the rest of Europe that the country will not stray from fiscal orthodoxy. He has spent most of the last 46 years at the Bank of Italy, where he is deputy governor, having been passed over for the top job when Mario Draghi left in 2011 to head the European Central Bank. ...

Chargers take Manti Te'o in 2nd round of NFL draft

Posted: 27 Apr 2013 11:49 AM PDT

FILE - In this Feb. 25, 2013 file photo, Notre Dame linebacker Manti Te'o runs a drill during the NFL football scouting combine in Indianapolis. Te'o made it to the NFL a day later than he expected, motivated to play well because he was snubbed in the first round of the draft. (AP Photo/Dave Martin, File)SAN DIEGO (AP) — Manti Te'o made it to the NFL a day later than he expected, motivated to play well because he was snubbed in the first round of the draft.

Stalemate over, Italy's Letta names new government

Posted: 27 Apr 2013 11:47 AM PDT

Deputy leader of Italy's centre-left Democratic Party Letta talks during a news conference at Montecitorio palace in RomeBy James Mackenzie and Gavin Jones ROME (Reuters) - Italian center-left politician Enrico Letta named a coalition government on Saturday, making one of Silvio Berlusconi's closest allies deputy prime minister and ending two months of damaging political stalemate. Letta has said his priorities would be the economy, unemployment and restoring faith in Italy's discredited political institutions as well as trying to turn Europe away from austerity to focus more on growth and investment. ...

Jews ease back into Tunisia for famed pilgrimage

Posted: 27 Apr 2013 11:43 AM PDT

Jewish pilgrims gather for a procession at the Ghriba synagogue, during the annual Jewish pilgrimage in the resort of Djerba, Tunisia, Friday April 26, 2013. They come to celebrate the annual rites at El-Ghriba, the oldest Jewish monument built in Africa more than 2,500 years ago. On April 11, 2002 a deadly attack on the synagogue killed 21 people, including 14 German tourists.(AP Photo/Hassene Dridi)DJERBA, Tunisia (AP) — Under a bright Mediterranean sun Saturday, Jews whose forebears once thronged Tunisia are trekking to a celebrated synagogue under the protection of police — as organizers try to inject new momentum to an annual pilgrimage that's been depleted in recent years by fears of anti-Semitism.

FBI: Miss. man arrested in suspicious letters case

Posted: 27 Apr 2013 11:27 AM PDT

FILE - In this Tuesday April 23, 2013 file photo, Everett Dutschke stands in the street near his home in Tupelo, Miss., and waits for the FBI to arrive and search his home in connection with the sending of poisoned letters to President Barack Obama and others. FBI spokeswoman Deborah Madden says Dutschke, 41, was arrested Saturday, April 27, 2013, at his Tupelo home in connection with the letters, which allegedly contained ricin. They were sent last week to Obama, Sen. Roger Wicker of Mississippi and earlier to 80-year-old Mississippi Judge Sadie Holland. (AP Photo/Northeast Mississippi Daily Journal, Thomas Wells, File) MANDATORY CREDITJACKSON, Miss. (AP) — A Mississippi man whose home and business were searched as part of an investigation into poisoned letters sent to the president and others has been arrested in the case, according to the FBI.

AP PHOTOS: Survivors found in Bangladesh collapse

Posted: 27 Apr 2013 11:23 AM PDT

A survivor is carried on a stretcher into a waiting ambulance after being evacuated from a garment factory building that collapsed Wednesday in Savar, near Dhaka, Bangladesh, Saturday, April 27, 2013. Police in Bangladesh took five people into custody in connection with the collapse of a shoddily-constructed building this week, as rescue workers pulled 19 survivors out of the rubble on Saturday and vowed to continue as long as necessary to find others despite fading hopes.(AP Photo/Wong Maye-E)Working round-the-clock, rescuers have pulled more than two dozen survivors from the rubble of a Bangladesh garment factory that collapsed 4 days ago, killing some 350 people.

Heavy security on streets for Nashville marathon

Posted: 27 Apr 2013 10:57 AM PDT

NASHVILLE, Tenn. (AP) — With a SWAT team parked near the starting line, Scott Wietecha of Hendersonville, Tenn., won the St. Jude Country Music Marathon on Saturday after missing the Boston Marathon because of too much training.

Bangladesh building collapse death toll nears 350

Posted: 27 Apr 2013 10:56 AM PDT

A survivor is carried on a stretcher into a waiting ambulance after being evacuated from a garment factory building that collapsed Wednesday in Savar, near Dhaka, Bangladesh, Saturday, April 27, 2013. Police in Bangladesh took five people into custody in connection with the collapse of a shoddily-constructed building this week, as rescue workers pulled 19 survivors out of the rubble on Saturday and vowed to continue as long as necessary to find others despite fading hopes.(AP Photo/Wong Maye-E)SAVAR, Bangladesh (AP) — Police in Bangladesh took six people into custody in connection with the collapse of a shoddily-constructed building that killed at least 348 people, as rescue workers admitted Saturday that voices of survivors are getting weaker after four days of being pinned under the increasingly unstable rubble.

FAA says air travel system to be normal Sunday night

Posted: 27 Apr 2013 10:56 AM PDT

A long line of passengers wait to enter the security checkpoint before boarding their aircraft at Reagan National Airport in Washington(Reuters) - The Federal Aviation Administration (FAA) said on Saturday it had suspended all employee furloughs and that it expects the U.S. air travel system to return to normal by Sunday evening Eastern Time. The suspension follows passage on Friday of a bill allowing the agency to shift money within its budget to halt furloughs of air-traffic controllers that started April 21. The furloughs, prompted by automatic budget cuts, caused thousands of flight delays and hundreds of cancellations throughout the week. ...

NATO: 4 service members killed in plane crash

Posted: 27 Apr 2013 10:49 AM PDT

In this April 10, 2013 photo released by the U.S. Army, U.S. Soldiers with Charlie Company, 1st Battalion, 38th Infantry Regiment, 4th Brigade Combat Team, 2nd Infantry Division cross the Tarnak river in the Panjwai district of Kandahar province, Afghanistan on a two-day mission to clear the area of explosives caches. The Taliban have announced they will launch their spring offensive on Sunday, April 28, 2013, signaling plans to step up attacks as the weather warms across Afghanistan, making both travel and fighting easier. (AP Photo/Sgt. Kimberly Hackbarth, U.S. Army)KABUL, Afghanistan (AP) — A plane crashed in southern Afghanistan on Saturday, killing four international service members on the same day the Taliban said they were gearing up to launch their spring offensive with attacks on military and diplomatic targets.

Thunder's Westbrook to have knee surgery Saturday

Posted: 27 Apr 2013 10:43 AM PDT

In this photo taken Wednesday, April 24, 2013, Oklahoma City Thunder guard Russell Westbrook stumbles after injuring his right knee in the second quarter of Game 2 of a first-round NBA basketball playoff series against the Houston Rockets in Oklahoma City. Westbrook, who remained in the game, will have surgery to repair a torn meniscus in his right knee and be out indefinitely, dealing a harsh blow to the City Thunder's championship chances. (AP Photo/Sue Ogrocki)HOUSTON (AP) — Oklahoma City Thunder coach Scott Brooks says All-Star point guard Russell Westbrook is scheduled to have knee surgery on Saturday.

Sudan rebels attack city, push closer to capital

Posted: 27 Apr 2013 10:39 AM PDT

By Khalid Abdelaziz and Ulf Laessing KHARTOUM (Reuters) - Rebels from Sudan's Darfur region launched a dawn attack on the city of Um Rawaba on Saturday, taking their fight closer to the capital Khartoum, witnesses said. The attack marks the biggest push by a rebel alliance that is seeking to topple President Omar Hassan al-Bashir. Fighting had hitherto been limited mainly to remote regions of Darfur and South Kordofan and Blue Nile states, which border South Sudan. ...

NYC officials seek human remains amid plane debris

Posted: 27 Apr 2013 10:38 AM PDT

This Friday, April 26, 2013, photo provided by the New York City Police Department shows a piece of landing gear that authorities believe belongs to one of the airliners that crashed into the World Trade Center on Sept. 11, 2001, that was found wedged between a mosque and another building, in New York. Police say the medical examiner's office will complete a health and safety evaluation to determine whether to sift the soil around the buildings for possible human remains. (AP Photo/New York City Police Department)NEW YORK (AP) — The New York City medical examiner's office plans to resume searching for human remains two blocks from the World Trade Center after the sudden discovery of an airplane's landing gear.

Obama: Flight delay fix a 'Band-Aid'

Posted: 27 Apr 2013 10:33 AM PDT

FILE - This April 23, 2013 file photo shows a United Airlines jet departing in view of the air traffic control tower at Seattle-Tacoma International Airport in Seattle. Congress easily approved legislation Friday ending furloughs of air traffic controllers that have delayed hundreds of flights daily, infuriating travelers and causing political headaches for lawmakers. (AP Photo/Elaine Thompson, File)WASHINGTON (AP) — President Barack Obama says the congressional fix for widespread flight delays is an irresponsible way to govern, but he's prepared to sign the legislation that lawmakers fast-tracked.

Nadal, Almargo reach Barcelona Open final

Posted: 27 Apr 2013 10:27 AM PDT

BARCELONA, Spain (AP) — Seven-time winner Rafael Nadal beat Milos Raonic 6-4, 6-0 Saturday to reach the final of the Barcelona Open.

Authorities arrest Mississippi man in ricin case

Posted: 27 Apr 2013 10:18 AM PDT

Everett Dutschke works on his mini-van in his driveway in TupeloBy Robbie Ward TUPELO, Mississippi (Reuters) - Federal agents arrested a Mississippi martial arts instructor on Saturday after his home and a former business were searched as part of an investigation into ricin-laced letters sent to President Barack Obama and two other public officials. Everett Dutschke, 41, was taken into custody by U.S. marshals at his Tupelo home early Saturday morning without incident, the city's police chief, Tony Carleton, told Reuters. It was not immediately known if Dutschke has been charged in the ricin investigation. ...

Factbox: Key ministers in Enrico Letta's new Italian government

Posted: 27 Apr 2013 10:11 AM PDT

ROME (Reuters) - Italian center-left politician Enrico Letta named a new coalition government on Saturday after reaching a deal with Silvio Berlusconi's center-right party ended the stalemate since February's deadlocked election. The government will be sworn in on Sunday before a vote of confidence expected on Monday with support from Letta's Democratic Party, Berlusconi's People of Freedom (PDL) and the centrist bloc led by outgoing Prime Minister Mario Monti. ...

NATO: 4 service members killed in place crash

Posted: 27 Apr 2013 09:52 AM PDT

Afghan men surround a burned bus after it collided with the wreckage of a truck that was attacked by Taliban insurgents in Maiwand district, on the highway between Kandahar and Helmand, Afghanistan, Friday, April 26, 2013. Scores of people aboard the bus were killed in the fiery crash, officials said. (AP Photo/Abdul Khaliq Kandahari)KABUL, Afghanistan (AP) — A plane crashed in southern Afghanistan on Saturday, killing four international service members, NATO said.

North Korea says detained American tourist to face trial

Posted: 27 Apr 2013 09:50 AM PDT

North Korean soldier stands on bank of Yalu River, near the North Korean town of Sinuiju, opposite the Chinese border city of DandongBy Jane Chung SEOUL (Reuters) - North Korea said on Saturday that a Korean-American tourist, jailed by the reclusive state since late last year, will face trial for "committing crimes" against the North. The move comes amid a diplomatic standoff between North Korea and the United States, and as Pyongyang has threatened to attack U.S. military bases in the Pacific and the South. A number of U.S. ...

Facebook: Breyer won't stand for board re-election

Posted: 27 Apr 2013 09:48 AM PDT

NEW YORK (AP) — Facebook says that venture capitalist Jim Breyer won't seek re-election to its board of directors.

USC QB Barkley goes to Philly to start 4th round

Posted: 27 Apr 2013 09:39 AM PDT

The fourth through seventh rounds of the NFL Draft gets underway Saturday, April 27, 2013 at Radio City Music Hall in New York. (AP Photo/Craig Ruttle)NEW YORK (AP) — Southern California quarterback Matt Barkley was the first pick of the fourth round of the NFL draft, taken by Philadelphia after a trade with Jacksonville.

Ethiopia flies first Dreamliner since grounding

Posted: 27 Apr 2013 09:39 AM PDT

An Ethiopian Airlines' Boeing 787 Dreamliner prepares to take off from Addis Ababa airport in Ethiopia, Saturday, April 27, 2013. A Boeing 787 operated by Ethiopian Airlines flew from Ethiopia to Kenya's capital Nairobi on Saturday, the first commercial flight since air safety authorities grounded the Dreamliners after incidents with smoldering batteries on two different planes in January. (AP Photo/Elias Asmare)KAMPALA, Uganda (AP) — A Boeing 787 operated by Ethiopian Airlines flew from Ethiopia to Kenya's capital Saturday, the first commercial flight since air safety authorities grounded the Dreamliners after incidents with smoldering batteries on two different planes in January.

Protesters march against first British drone base

Posted: 27 Apr 2013 09:37 AM PDT

LONDON (AP) — Anti-war protesters demonstrated Saturday outside a Royal Air Force base used to control drone flights over Afghanistan.
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