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FOREX-Euro hovers near 4-month low as crisis brews

Fri May 18, 2012 7:32am EDT * Euro lifts off four-month low vs dollar, eyes 2012 low * Broad demand for safe havens supports dollar and yen * Greek politics, Spanish bank problems weigh on sentiment By Anirban Nag LONDON, … Continue reading

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Documents shed more light on Trayvon Martin shooting

ATLANTA — On the night George Zimmerman fatally shot unarmed black teenager Trayvon Martin in Florida, a witness said he saw some of the scuffle — and described a black man in a dark hoodie on top of a white … Continue reading

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Autopsy: Drug THC found in Trayvon Martin’s system

(CNN) — Trayvon Martin had drugs in his system when he was fatally shot earlier this year by George Zimmerman in Sanford, Florida, according to autopsy results released Thursday. Martin’s blood contained THC, which is the psychoactive ingredient in marijuana, … Continue reading

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Donna Summer is dead at 63

Los Angeles (CNN) — Donna Summer, the “Queen of Disco” whose hits included “Hot Stuff,” “Bad Girls,” “Love to Love You Baby” and “She Works Hard for the Money,” has died, a representative said Thursday. She was 63. There was … Continue reading

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RFK Jr.’s estranged wife, Mary, found dead in NY

“Mary was a genius at friendship, a tremendously gifted architect and a pioneer and relentless advocate of green design who enhanced her cutting edge, energy efficient creations with exquisite taste and style,” the family said. The former Mary Richardson, a … Continue reading

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Thunder use big rally to win take 2-0 series lead on Lakers

Kevin Durant knocked down the game-winning shot with 18 seconds left as the Thunder staged a furious late rally to open up a 2-0 lead in its Western Conference second-round series with the Lakers in a 77-75 win on Wednesday. … Continue reading

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Carlos Fuentes: Tribute to a Mexican literary and political icon

Whatever they may have thought of his politics, anyone fortunate enough to have conversed with author Carlos Fuentes couldn’t help but be taken by his patrician good looks and his love affair with language. Skip to next paragraph Carlos Fuentes: … Continue reading

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John Edwards’ defense team rests

Updated: 11:56 a.m. (CBS/AP) GREENSBORO, N.C. –  John Edwards’ defense team rested its case Wednesday after little more than two days of testimony and evidence. Neither Edwards, a former high-profile trial attorney, his daughter Cate, nor his former mistress Rielle … Continue reading

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Mladic Trial Opens at The Hague

The trial of former Bosnian-Serb Army Commander General Ratko Mladic has started at a United Nations tribunal in the Hague, 20 years after the Bosnian war began. Prosecutor Dermot Groome said Wednesday the army chief’s goal was to ethnically cleanse … Continue reading

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Nebraska’s Deb Fischer Pulls Upset in Primary

BY NAFTALI BENDAVID A state senator who had been stuck for weeks in third place in polls has won the GOP nomination for a U.S. Senate seat from Nebraska, continuing a pattern of challengers successfully taking on prominent Republicans in … Continue reading

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Carlos Fuentes, Latin American literary giant, dies in Mexico

MEXICO CITY — The prize-winning writer Carlos Fuentes, modern Mexico’s greatest novelist and indefatigable author of screenplays, stories and often-scolding commentaries, died Tuesday at a hospital in Mexico City. He was 83. The national culture council announced Fuentes’ death. Although … Continue reading

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‘Swamp People’ star Mitchell Guist dies

(CNN) — Mitchell Guist, a star of the reality TV show “Swamp People,” died Monday in Louisiana. He was aboard a boat near Belle River Landing in the southern part of the state when he appeared to have a seizure, … Continue reading

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Hollande sworn in as French president amid Europe’s debt woes

(CNN) — François Hollande promised a new approach to tackling the financial woes plaguing Europe as he was sworn in as president of France on Tuesday. Hollande becomes France’s first Socialist president since François Mitterrand left office in 1995. He … Continue reading

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Obama camp targets Romney firm as job-killing "vampire"

By Jeff Mason and Alister Bull WASHINGTON/NEW YORK | Mon May 14, 2012 10:43pm EDT WASHINGTON/NEW YORK (Reuters) – President Barack Obama’s campaign released a video on Monday calling Mitt Romney’s private equity firm a job-killing “vampire” that ran a … Continue reading

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Hazardous Greek-Exit Scenario

There is no legal provision in European Union treaties for a country to exit the euro zone, putting experts in uncharted waters when trying to assess method and the repercussions. But if Greece were forced to leave after losing financial … Continue reading

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JPMorgan investment chief out

Ina Drew will retire from JPMorgan Chase. NEW YORK (CNNMoney) — JPMorgan Chase announced Monday that Ina Drew, the firm’s chief investment officer, has left the bank after revelations of a $2 billion loss sustained over the past six weeks. … Continue reading

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Plane crash kills 15 in northwestern Nepal

  KATHMANDU, May 14 (Xinhua) — A plane belonging to Agni Air crashed Monday morning in Jomsom in northwestern Nepal, killing 15 while 6 others surviving the crash, Nepal Army confirmed. Reports suggest that the plane crashed after it slammed … Continue reading

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JPMorgan exec expected to resign, AP source says

By PALLAVI GOGOI NEW YORK JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday. … Continue reading

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Yahoo confirms CEO is out after resume scandal

Scott Thompson, now the former CEO of Yahoo NEW YORK (CNNMoney) — Yahoo CEO Scott Thompson is out after it was found he padded his resume with an embellished college degree, ending his term at the company after just four … Continue reading

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Afghan peace negotiator assassinated

KABUL: A senior Afghan peace negotiator has been shot dead in the latest blow to President Hamid Karzai’s peace efforts with the Taliban. Arsala Rahmani was a former Taliban official who had reconciled with the government and was trying to … Continue reading

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Romney grad speech courts evangelicals

LYNCHBURG, Va. – Mitt Romney, needing badly to stir momentum among skeptical evangelical Christians vital to his presidential hopes, told a polite audience Saturday at Liberty University, an influential Christian school, that he shares and deeply respects their values. “People … Continue reading

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Fla. Gov. Rick Scott’s chief of staff resigns amid media scrutiny of role …

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Romney seeks evangelical votes; opposes gay marriage

By Sam Youngman LYNCHBURG, Virginia | Sat May 12, 2012 3:51pm EDT LYNCHBURG, Virginia (Reuters) – Republican presidential candidate Mitt Romney sought on Saturday to calm fears that his Mormon faith would be an obstacle to evangelical Christian voters, stressing … Continue reading

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JP Morgan Chase CEO: we were sloppy

The interview came as senior executives at JP Morgan were given repeated warnings about the controversial unit responsible for a shock $2bn trading loss at the bank, it can be disclosed.

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JPMorgan heavily criticized

WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2-billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk. More than three years after the … Continue reading

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William Balfour found guilty on all counts in murder of Jennifer Hudson’s family

Matt Sayles / AP Jennifer Hudson A Chicago jury on Friday convicted Oscar-winner Jennifer Hudson’s former brother-in-law of murdering her mother, brother and 7-year-old nephew in what prosecutors’ described as an act of vengeance by a jilted husband. Hudson, who … Continue reading

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JPMorgan’s Dimon loses clout as reform critic

By Dave Clarke WASHINGTON | Fri May 11, 2012 1:08pm EDT WASHINGTON (Reuters) – Wall Street may have lost its most potent spokesman against Washington reforms. JPMorgan Chase Co Chief Executive Jamie Dimon has parlayed his bank’s reputation as a … Continue reading

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JPMorgan $2B Trading Loss Roils Markets, Raises Fears About Bank Risks

JP Morgan Chase Co. is rocking the financial markets with the disclosure that its in-house trading operating lost $2 billion in the past six weeks, raising new questions about whether the big banks that caused the financial meltdown have sufficiently … Continue reading

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JPMorgan reveals huge $2 billion trading loss

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. Skip to next … Continue reading

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JPMorgan reveals huge $2 billion trading loss

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money. Skip to next … Continue reading

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GOP leaders on gay marriage: Sound of silence

President Barack Obama’s embrace of same-sex marriage was viewed for so long as such a risky move that operatives in both parties expected it to drop like a bomb, handing Republicans a powerful wedge issue in an election year. Instead, … Continue reading

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Former Republican Rep. Tom Davis: Gay marriage opposition ‘not a comfortable …

One day after President Barack Obama announced his support for gay marriage, former Virginia Republican Rep. Tom Davis said that while the GOP’s opposition to gay marriage may not hurt them now, it’s “not a comfortable place” for the party … Continue reading

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President Obama Cites ‘Winds of Change’ in Same-Sex Marriage Shift

President Obama has abandoned his longstanding opposition to same-sex marriage but says the decision on whether or not to legalize the unions should be left up to individual states, which are “arriving at different conclusions at different times.” “I think … Continue reading

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Obama’s gay marriage move risky, inevitable

President Obama’s endorsement of gay marriage on Wednesday was by any measure a watershed. A sitting United States president took sides in what many people consider the last civil rights movement, providing the most powerful evidence to date of how … Continue reading

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Obama and gay marriage: What he’s risking in an election year

WASHINGTON — President Obama’s endorsement of gay marriage is an election-year boost to his liberal base that comes with some risks. Obama, after all, had good reasons to resist this shift up to now. Those had everything to do with … Continue reading

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Superjet: Russia’s great aviation hope

By Anna Malpas (AFP) – 5 hours ago  MOSCOW — The Sukhoi Superjet 100, the Russian jet which has gone missing in Indonesia, is a brand new passenger plane built by Russia in a bid to lift its civil aviation … Continue reading

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North Carolina’s ban on gay marriage sparks cheers, jeers

(CNN) — A day after North Carolina became the latest state to approve a constitutional amendment defining marriage as solely between a man and a woman, opponents of the referendum begin their battle Wednesday to overturn it. North Carolina voted … Continue reading

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Would-be suicide bomber was planted, or turned informant

By Mark Hosenball and Tabassum Zakaria WASHINGTON | Tue May 8, 2012 11:45pm EDT WASHINGTON (Reuters) – The would-be suicide bomber in a plot by al Qaeda’s Yemeni affiliate was planted in the group by an allied intelligence agency or … Continue reading

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Amid student loan tussles, more seek "forgiveness"

By Susan Heavey WASHINGTON | Tue May 8, 2012 4:57pm EDT WASHINGTON (Reuters) – Elbot Carman, a 25-year-old aspiring graphic designer, made so little money after earning his master’s degree last year that the U.S. government now says he can … Continue reading

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Maurice Sendak dies at 83, author of ‘Where the Wild Things Are’

Maurice Sendak, the children’s book illustrator and author whose unsentimental approach to storytelling revolutionized the genre and whose best-known tale was the dark fantasy “Where the Wild Things Are,” has died. He was 83. Sendak, who also was a set … Continue reading

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