Current News Today
Hollande set for EU summit showdown with Merkel
BRUSSELS (Reuters) - European leaders will explore ways of breathing life into their stricken economies at a summit on Wednesday, but the issue of euro-zone bonds and whether they can help alleviate two years of debt turmoil will dominate the meeting. Prime Minister Mariano Rajoy of Spain, where the economy and banking system are at the frontline of the crisis, will meet newly elected French President Francois Hollande in Paris ahead of the evening summit to discuss policy positions - a marked shift away from the traditional Franco-German axis. ...
Tue, 22 May 2012 23:22:35 -0400
| IAEA chief says nears deal with Iran ahead of 6-power talks
VIENNA (Reuters) - The U.N. nuclear watchdog director said on Tuesday he expected to sign a deal with Iran soon to unblock an investigation into suspected work on atom bombs, potentially brightening prospects for big-power talks with Tehran to stop a drift toward conflict. Yukiya Amano was summarizing the outcome of rare talks he conducted in Tehran on Monday, two days before six powers meet Iran's security council chief in Baghdad to test Iranian willingness to curb its nuclear program in a transparent way. ...
Tue, 22 May 2012 22:17:53 -0400
| North Korea to boost nuclear deterrent after U.S. pressure
SEOUL (Reuters) - North Korea intensified its war of words against the United States on Tuesday, vowing to strengthen its nuclear deterrent after Washington warned Pyongyang of further sanctions if it did not abandon its atomic program. Last week, world leaders meeting in the United States said North Korea needed to adhere to international norms on nuclear issues and that it would face deeper isolation if it "continues down the path of provocation". ...
Tue, 22 May 2012 16:36:57 -0400
| Mexico leftist moves into second in presidential poll
MEXICO CITY (Reuters) - Mexico's leftist presidential hopeful Andres Manuel Lopez Obrador pushed into second place behind opposition frontrunner Enrique Pena Nieto with just seven weeks to go before the vote, a poll showed on Tuesday. Lopez Obrador, who narrowly lost the 2006 race to President Felipe Calderon, had 20.5 percent support in the poll by Consulta Mitofsky, up 1.4 percent from last week, overtaking the No. 2 spot for the first time in the survey. ...
Tue, 22 May 2012 20:17:22 -0400
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Current News Today
Kings edge Coyotes 4-3 in overtime to win West (Yahoo! Sports)
GLENDALE, Ariz. (AP) Dustin Penner scored 17:42 into overtime and the Los Angeles Kings are headed to the Stanley Cup finals for the second time as a franchise after beating the Phoenix Coyotes with a 4-3 win in Game 5 of the Western Conference finals Tuesday night.
Tue, 22 May 2012 22:03:37 PDT
| James, Wade lead Heat to 115-83 win over Pacers (Yahoo! Sports)
MIAMI (AP) Suddenly, the road back to the Eastern Conference finals no longer looks daunting for Miami.
Tue, 22 May 2012 21:20:32 PDT
| Warriors unveil plans to move to San Francisco (Yahoo! Sports)
SAN FRANCISCO (AP) Sitting along the shore and staring at one of the world's most majestic metropolitan views, Joe Lacob leaned over to hear fellow Golden State Warriors co-owner Peter Guber whisper in his ear.
Tue, 22 May 2012 14:44:56 PDT
| Browns' Fujita says bounty charges "not true" (Yahoo! Sports)
BEREA, Ohio (AP) Forced to fight for his name in a ''public trial'' against the NFL, Browns linebacker Scott Fujita vowed he did not participate in the New Orleans Saints' bounty program.
Tue, 22 May 2012 14:01:52 PDT
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Current News Today
Wall Street ends flat after late volatility
NEW YORK (Reuters) - Stocks closed mostly flat on Tuesday after volatility late in the session, with weakness in materials and energy shares offsetting strength in financials. Shares traded higher for much of the session on the back of an unexpectedly strong read on existing home sales, which lifted banks. But those gains dissipated in the last half hour of trading, with Wall Street briefly turning solidly negative before staging a rebound. ...
Tue, 22 May 2012 16:42:32 -0400
| Gupta jury hears competing views of Rajaratnam ties
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers. On the second day of Gupta's insider-trading trial in Manhattan federal court on Tuesday, prosecutors tried to establish for the jury his ties to now-imprisoned Rajaratnam, while defense lawyers sought to describe some distance between the men. Gupta, 63, is the most prominent corporate figure indicted in a broad U.S. ...
Tue, 22 May 2012 19:06:20 -0400
| Regulators, investors turn up heat over Facebook IPO
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
Wed, 23 May 2012 00:54:07 -0400
| Guessing game begins over next Treasury chief
WASHINGTON (Reuters) - Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis. It's a tall order, especially when the new Treasury chief also must deal with a fractious Congress - and all for a salary lower than that paid to many junior Wall Street bankers. ...
Wed, 23 May 2012 01:18:47 -0400
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Current News Today
Al-Qaida video calls for 'electronic jihad'
Al Qaeda video threatens cyber warfare on US, comparing vulnerabilities in American computer networks to the flaws in our aviation security system prior to the 9/11 attack.
Tue, 22 May 2012 17:43:55 -0400
| The fuss over Cory Booker
Everything you need to get up to speed on the big story of the day No offense, New Jersey—but just why should we care what Cory Booker says? The Newark mayor, so familiar with the media spotlight, tripped when he criticized Obama ads targeting Romney's Bain days. The guy in charge of America's 67th largest [...]
Tue, 22 May 2012 18:31:58 -0400
| 'Vulture capitalists': Rivals' attacks haunt Romney in new ad
One day after President Barack Obama vowed to attack Mitt Romney's private equity record through to November, a super PAC supporting his re-election unleashed a new ad that enlists the former Massachusetts governor's erstwhile primary rivals to do just that. There's Newt Gingrich, lumping Romney in with financiers who "loot companies, leave behind broken families, [...]
Tue, 22 May 2012 12:36:15 -0400
| Diverted plane lands, no explosives found
Officials find no sign of danger after a woman claims to have a device surgically implanted inside her.
Tue, 22 May 2012 12:32:33 -0400
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