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
| Dell results disappoint Street, shares dive
SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech-spending weakens and consumer personal computer sales continue to shrink, hammering its shares. Shares in the company, which like rival Hewlett-Packard Co is losing market share to mobile devices such as Apple Inc's iPad, dived more than 9 percent in after hours trade. The world's No. 3 PC maker forecast a 2 to 4 percent revenue gain this fiscal quarter, to $14.7 billion to $15 billion, well short of the $15.4 billion Wall Street had been expecting. ...
Tue, 22 May 2012 17:04:37 -0400
| SEC, FINRA to review Facebook issues, Nasdaq sued
(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close and Monday's 11 percent plunge, Facebook shares closed 8.9 percent lower at $31 on volume of 101 million shares. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
Tue, 22 May 2012 17:13:12 -0400
| "Fiscal cliff" could cause U.S. recession: CBO
WASHINGTON (Reuters) - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday. A wave of U.S. tax hikes and automatic spending cuts - dubbed the "fiscal cliff" - are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them. The CBO, the official budget and economic analyst for lawmakers, said the U.S. economy would contract at an annual rate of 1. ...
Tue, 22 May 2012 18:18:28 -0400
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Current News Today
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
| AP source: Knicks, Woodson could agree this week (Yahoo! Sports)
NEW YORK (AP) The New York Knicks and coach Mike Woodson are completing a multiyear deal that could be announced this week, a person with knowledge of the situation said Tuesday.
Tue, 22 May 2012 12:55:40 PDT
| LeBron, Heat rest up for Game 5 with Pacers (Yahoo! Sports)
MIAMI (AP) On the plane ride home from Indiana, Miami guard Dwyane Wade was watching a LeBron James highlight tape. It was otherwise known as Game 4 of the Eastern Conference semifinals.
Mon, 21 May 2012 14:17:21 PDT
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Current News Today
Exclusive: Tunisia to extradite former Gaddafi PM to Libya
TUNIS (Reuters) - Tunisia will extradite former Libyan leader Muammar Gaddafi's prime minister to Libya and the handover could take place in "days or weeks", Justice Minister Noureddine Bouheiri said on Tuesday. Should he be handed over, Al Baghdadi Ali al-Mahmoudi would be the first senior official to be sent back for trial under Libya's transitional leadership and his extradition could establish a precedent for other countries who have given refuge to or arrested members of Gaddafi's old entourage. ...
Tue, 22 May 2012 11:17:46 -0400
| Afghans back Chicago deal, warn West to keep promises
KABUL (Reuters) - People in Afghanistan were surprisingly optimistic on Tuesday about NATO's plan to pull combat troops out of their war-ravaged nation by the end of 2014, but warned Western leaders to stick to aid and security promises. A Chicago summit meeting of the 28-member bloc, attended also by Afghan President Hamid Karzai and other world leaders, endorsed an exit strategy on Monday that calls for handing control of Afghanistan to its own security forces by the middle of next year. ...
Tue, 22 May 2012 12:25:14 -0400
| Rebels say Syria police kill two, U.N. monitors dispute
AMMAN (Reuters) - Syrian rebels said police had opened fire and killed two people on Tuesday when a crowd turned out to greet a team of U.N. ceasefire monitors in the eastern province of Deir al-Zor. A United Nations spokeswoman said the team had heard gunfire but said they had not seen any casualties. The U.N. team was part of a contingent of about 260 unarmed observers sent to Syria to monitor an internationally-brokered ceasefire in the conflict between President Bashar al-Assad and opponents trying to overthrow him. ...
Tue, 22 May 2012 11:05:23 -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
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Current News Today
'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
| Fighter jets scrambled to intercept U.S.-bound flight
A flight from Paris bound for Charlotte was diverted to Maine on Tuesday after reports say a passenger claimed to be carrying an explosive device.
Tue, 22 May 2012 12:32:33 -0400
| Stuck with Joe: Why Obama won’t pick Hillary Clinton
A Biden-for-Clinton switch would stamp Obama as a president who is acting just like any other politician, Yahoo!'s Jeff Greenfield writes.
Tue, 22 May 2012 10:57:00 -0400
| Ferrari crackdown: Italy declares war on tax cheats
Across Italy police are cracking down on Ferrari and Lamborghini drivers, but not because they are driving too fast.
Tue, 22 May 2012 15:35:12 -0400
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