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Moody's downgrades Spanish banksRatings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.
news.bbc.co.uk | 18-May-2012 00:12
Harper government refuses to release secret report on pensions
Finance Minister Jim Flaherty's department has clamped a lid of secrecy on a draft report it prepared in 2007 on the costs and "policy implications" of Canada's aging population, Postmedia News has learned.
canada.com | 18-May-2012 00:08
Autopsy: Evidence of marijuana in Martin's blood
Medical examiners found evidence of marijuana in Trayvon Martin's system after he was fatally shot by a neighborhood watch volunteer, an autopsy report released Thursday shows.
Yahoo! News | 18-May-2012 00:07
Gap 1Q profit flat but outlook bright, shares rise
Clothing seller Gap Inc. says its first-quarter net income was unchanged from a year ago as rising costs and a drop in overseas sales offset sales gains at its Old Navy, Gap and Banana Republic chains.
Yahoo! News | 18-May-2012 00:06
Spain beset by bank crisis, downgrades, bond pressure
MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders - including the euro zone's biggest - having their credit ratings cut. Official data confirmed Spain was back in recession and a newspaper reported a big outflow of deposits from Bankia, but the government said it had taken a fundamental step to strengthen Spain's credibility by agreeing big budget cuts with the country's free-spending regions. ...
Yahoo! News | 18-May-2012 00:02
US rapper tweets from hospital, with cuddly toys
US rap star 50 Cent tweeted Thursday that is recovering in hospital and posted a picture of himself with an array of cuddly toys -- although some questioned whether it was all a publicity stunt.
Yahoo! News | 18-May-2012 00:01
Moody's downgrades 16 Spanish banks
NEW YORK (Reuters) - Moody's Investor Service carried out a sweeping downgrade of 16 Spanish banks on Thursday, including Banco Santander, the euro zone's largest bank, citing a weak economy and the government's reduced ability to support troubled lenders. All the banks' long-term debt ratings were downgraded by at least one notch, and some suffered three-notch cuts. Spain's banks, awash in bad loans after a real estate boom went bust, are at the heart of the euro zone debt crisis because markets fear a state bailout would put a severe strain on the country's already stretched public finances. ...
Yahoo! News | 18-May-2012 00:01
Strong Wal-Mart profit trumps bribery probe concerns
(Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations as more people shopped at its established U.S. stores and spent more, pushing shares up more than 4 percent despite ongoing internal and government probes into possible bribery. Wal-Mart's shares jumped and briefly recovered all of the 8.2 percent plunge sustained after an April 21 New York Times report uncovered an alleged past bribery scheme in Mexico that the newspaper said Wal-Mart executives knew about. The first-quarter results, including a 10.1 percent increase in profit, showed that Wal-Mart's U.S. ...
Yahoo! News | 17-May-2012 23:59
Stocks slump again; 10-yr yield near all-time low
Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low.
Yahoo! News | 17-May-2012 23:59
U.S. suspends sanctions on investment in Myanmar
WASHINGTON (Reuters) - The United States on Thursday suspended sanctions barring U.S. investment in Myanmar in response to political reforms in the poor southeast Asian state, drawing praise from some U.S. lawmakers but criticism from human rights advocates. "Today we say to American business: invest in Burma and do it responsibly," Secretary of State Hillary Clinton said. She appeared with Myanmar's Foreign Minister Wunna Maung Lwin, on his long-isolated nation's first official visit to Washington in decades as ties between the two countries warm rapidly. ...
Yahoo! News | 17-May-2012 23:59
Wal-Mart's 1Q profit up 10.1 percent
Wal-Mart may have gotten its groove back, but an alleged bribery scheme threatens to curtail its progress.
Yahoo! News | 17-May-2012 23:58
Facebook sets richest tech IPO in motion
Facebook on Thursday set in motion the richest-ever share offering for a technology firm, raising $16 billion in an operation valuing the world's biggest social network at $104 billion.
Yahoo! News | 17-May-2012 23:58
Suicide adds to history of Kennedy misfortunes
Every family has its share of pain and triumph. And then there are the Kennedys.
Yahoo! News | 17-May-2012 23:57
Navy ship arrives at Calif. port after collision
Sporting crumpled catwalks and smashed lifeboats, the U.S. Navy vessel USS Essex managed to glide into San Diego Bay on Thursday, 24 hours after colliding with a tanker in the Pacific Ocean when the aging warship's steering apparently failed.
Yahoo! News | 17-May-2012 23:54
Fate of 'uninsurables' hinges on Supreme Court
Cancer patient Kathy Watson voted Republican in 2008 and believes the government has no right telling Americans to get health insurance. Nonetheless, she says she'd be dead if it weren't for President Barack Obama's health care law.
Yahoo! News | 17-May-2012 23:53
Hockey researchers rag the puck back to 1796 for earliest-known portrait of a player
Two Swedish researchers compiling an encyclopedia of hockey history have scored a hat trick of significant new discoveries, including what they're calling the earliest known image of a hockey player — a well-dressed skater with a curved stick and flat-edged puck striding along England's ice-covered Thames River in December 1796.
canada.com | 17-May-2012 23:53
Moody's Downgrades 16 Spanish Bank Ratings
Moody's Investors Service is lowering the ratings because of the country's worsening financial picture. Moody's said it took the action because the banks face a rising tide of bad loans with Spain's economy in recession, its real estate market a shambles and its unemployment rate stubbornly high.
npr.org | 17-May-2012 23:53
'Three Cups' readers take case to appeals court
Three people who bought Greg Mortenson's books are taking their claims of fraud against the humanitarian to a federal appeals court.
Yahoo! News | 17-May-2012 23:51
Facebook prices at top of range in landmark IPO
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at the top of its target range to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq. Predictions of how much the stock will rise on its first day of trade vary greatly -- some experts said the high IPO price and increased float could limit gains to 10 percent to 20 percent, while others said anything short of a 50 percent jump would be disappointing given the hype. ...
Yahoo! News | 17-May-2012 23:51
Birther, Rev. Wright Controversies Re-Emerge
Here's a look at the tantalizing sideshow stories that have captured the country's attention in this and so many other elections.
ABC News | 17-May-2012 23:51
Murray beaten by Gasquet in Rome
Britain's Andy Murray is beaten 6-7 (2-7) 6-3 6-2 by 16th seed Richard Gasquet of France in the Italian Open third round.
news.bbc.co.uk | 17-May-2012 23:49
VIDEO: China activist's family claim torture
Relatives of the blind Chinese activist, Chen Guangcheng, have given detailed accounts of the torture and retribution they have allegedly suffered at the hands of Chinese authorities.
news.bbc.co.uk | 17-May-2012 23:48
Ark. man pleads not guilty in stabbing of new wife
A newlywed accused of stabbing his pregnant wife pleaded not guilty to two counts of capital murder Thursday after the woman and baby died in western Arkansas.
Yahoo! News | 17-May-2012 23:48
JPMorgan's Dimon says will testify before Congress
WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws. U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday that his panel will invite Dimon to appear before Congress. ...
Yahoo! News | 17-May-2012 23:45
The Story Behind 'She Works Hard For the Money'
Find out why Donna Summer stopped singing 'Love to Love You Baby.'
ABC News | 17-May-2012 23:45
Saints' Vilma sues Roger Goodell for defamation
Suspended Saints linebacker Jonathan Vilma filed a defamation lawsuit Thursday against NFL Commissioner Roger Goodell, claiming the league's top executive made false statements that tarnished Vilma's reputation and hindered his ability to earn a living playing football.
Yahoo! News | 17-May-2012 23:39
Donna Summer, Grammy-winning Queen of Disco, dies at 63
Donna Summer has died at the age of 63.
canada.com | 17-May-2012 23:38
Photo: Zimmerman bloodied after Martin shooting
The neighborhood watch volunteer who shot Trayvon Martin is shown with a bloody nose in a photo released Thursday as part of a large amount of evidence turned over by prosecutors.
Yahoo! News | 17-May-2012 23:38
Cuban president's daughter gets US visa
Cuban first daughter Mariela Castro has been granted a U.S. visa to attend events in San Francisco and New York, sparking a firestorm of criticism from Cuban-American politicians who called her an enemy of democracy and a shill for the Communist government her family has led for decades.
Yahoo! News | 17-May-2012 23:37
NCAA transfer restrictions won't be easily lifted
The NCAA is examining transfer rules after a spate of high-profile cases that has critics saying too much power is in the hands of athletic directors and coaches.
Yahoo! News | 17-May-2012 23:36
Prosecutor: Pa. diocese 'disgraceful,' 'criminal'
After eight weeks of wrenching testimony, Philadelphia prosecutors rested their case Thursday in the trial of a Roman Catholic church official accused of helping bury complaints that priests were raping and molesting children.
Yahoo! News | 17-May-2012 23:35
Postal Service to begin closing plants this summer
The nearly bankrupt U.S. Postal Service is moving forward with a multibillion-dollar cost-cutting plan that will close nearly 250 mail processing centers, saying on Thursday it can no longer wait as Congress remains deadlocked over how to help.
Yahoo! News | 17-May-2012 23:35
US gov't sets stiff tariffs on China solar panels
The Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized products.
Yahoo! News | 17-May-2012 23:34
JPMorgan CEO willing to appear before Senate panel
JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.
Yahoo! News | 17-May-2012 23:34
Charges laid against Toronto police after G20 report
At least eight Toronto officers are charged under the Police Act in the wake of a scathing report on police action at the G20, which was released by a provincial watchdog on Wednesday.
ctv.ca | 17-May-2012 23:31
Correction: Bride Dead-Illinois story
In a story May 16 about a manhunt for groom charged in slaying of his new wife in Illinois, The Associated Press reported erroneously that a phone call the bride's family received from the groom's sister happened after the bride's body was found. Burbank Police Capt. Joseph Ford said the phone call came before the discovery of the victim's body.
Yahoo! News | 17-May-2012 23:30
Pennsylvania Doctors Worry Over Fracking 'Gag Rule'
A new law in Pennsylvania grants physicians access to information about trade-secret chemicals used in natural gas drilling. Doctors say they need to know the information to treat patients who may have been exposed to chemicals. But the law also says doctors can't tell anyone else — not even other doctors — what's in the chemical formulas.
npr.org | 17-May-2012 23:30
Manhunt for groom charged in Ill. bride's slaying
The FBI has issued an unlawful flight warrant for a man accused of stabbing his new wife to death and leaving her body in her bathtub, still clad in the silver sequined cocktail dress she wore to celebrate their wedding.
Yahoo! News | 17-May-2012 23:29
Selig: Oakland move might be considered
Baseball Commissioner Bud Selig says it's up to Lew Wolff to decide whether to consider additional sites for a new ballpark for the Athletics, and the Oakland owner maintains he's focused on San Jose rather than a move outside the Bay Area.
Yahoo! News | 17-May-2012 23:28
Romney's April money suggests GOP rallying for him
Mitt Romney and his Republican Party raised $40 million in April, an unexpectedly strong haul in the first month of the general campaign that illustrates enthusiasm within the GOP and threatens President Barack Obama's overwhelming cash advantage.
Yahoo! News | 17-May-2012 23:28
Facebook's $16 billion IPO one of world's largest
Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.
Yahoo! News | 17-May-2012 23:28
Comcast to start charging heavy downloaders extra
Comcast Corp., the country's largest Internet service provider, is going to start charging extra when customers go over a certain monthly data limit.
Yahoo! News | 17-May-2012 23:27
Gunman gives up in standoff in historic Savannah
A gunman who jumped from a Jaguar and barricaded himself inside a landmark restaurant Thursday surrendered peacefully after a three-hour standoff that shut down part of Savannah's 18th-century historic district.
Yahoo! News | 17-May-2012 23:27
White powder case costs millions in first response
Federal authorities are tracking what they call the most prolific mailer of white powder in U.S. history with an eye toward solving a case that has tied up first responders and cost taxpayers millions of dollars.
Yahoo! News | 17-May-2012 23:25
US strike plan on Iran 'ready'
The US has plans in place to attack Iran if other measures fail to stop it developing nuclear weapons, Washington's envoy to Israel says.
news.bbc.co.uk | 17-May-2012 23:25
Moody's downgrades 16 Spanish banks
Moody's Investors Service is downgrading the ratings of 16 Spanish banks because of the country's worsening financial picture.
Yahoo! News | 17-May-2012 23:25