Current News Today
G8 leaders look to head off euro zone crisis
WASHINGTON (Reuters) - Leaders of major industrial economies meet this weekend to try to head off a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common currency. President Barack Obama, the G8 host, has urged European leaders repeatedly to do more to stimulate growth, fearing contagion from the euro crisis that could hurt the U.S. economy and his chances of re-election in November. ...
2012-05-18T07:16:07Z
| Iran may seek "tactical gain" with U.N. nuclear deal
VIENNA (Reuters) - Iran and the U.N. nuclear watchdog are making headway towards a framework deal on how to tackle concerns about its atomic activity, diplomats say, a potential bargaining chip for Tehran in next week's negotiations with world powers. Iran says such an agreement is needed before it can consider a request by U.N. inspectors to visit the Parchin military site where they believe explosives tests relevant for developing nuclear weapons may have been carried out. ...
2012-05-18T09:05:56Z
| 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. ...
2012-05-18T09:12:37Z
| Poll shows Greece electing pro-bailout government
ATHENS (Reuters) - Greek voters are returning to the establishment parties that negotiated its bailout, a poll showed on Thursday, offering potential salvation for European leaders who say a snap Greek election next month will decide whether it must quit the euro. The poll, the first conducted since talks to form a government collapsed and a new election was called for June 17, showed the conservative New Democracy party in first place, several points ahead of the radical leftist SYRIZA which has pledged to tear up the bailout. ...
2012-05-17T19:13:46Z
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Current News Today
Pacers pound Heat 94-75 in Game 3 (Yahoo! Sports)
INDIANAPOLIS (AP) LeBron James grabbed a seat on Miami's bench, lowered his head and stared down at the floor.
Thu, 17 May 2012 21:38:27 PDT
| Saints' Vilma sues Roger Goodell for defamation (Yahoo! Sports)
NEW ORLEANS (AP) 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.
Thu, 17 May 2012 14:40:39 PDT
| Eagles RB McCoy gets new deal through 2017 (Yahoo! Sports)
PHILADELPHIA (AP) LeSean McCoy ran his way onto the short list of the best running backs in the NFL. He can now stamp his name among the highest paid.
Thu, 17 May 2012 19:54:26 PDT
| LA Kings beat Phoenix, move to brink of Cup final (Yahoo! Sports)
LOS ANGELES (AP) When Daymond Langkow beat Jonathan Quick on a breakaway and celebrated Phoenix's first lead in the Western Conference finals, captain Dustin Brown was almost curious how his Los Angeles Kings would respond to the first serious adversity they've faced in weeks.
Thu, 17 May 2012 22:02:36 PDT
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Current News Today
Stock index futures point to modest rebound
U.S. stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 and the Dow Jones up 0.2 percent and Nasdaq futures up 0.3 percent at 4:41 a.m. EDT. Japan's Nikkei average dived 3 percent on Friday to log a seventh straight week of losses, its longest such run since the third quarter of 2001, as investors sold stocks and other risky assets on concerns over slowing global growth and a deepening euro zone crisis. Incoming French President Francois Hollande meets with U.S. ...
2012-05-18T08:58:59Z
| Euro zone fears propel dollar, global shares in red for year
LONDON (Reuters) - The U.S. dollar climbed, world shares fell and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece's future in the euro zone and lackluster U.S. data provoked a rush for safe-haven assets. World stocks, as measured by the MSCI index, dropped 0.85 percent and are now below where they began the year, having relinquished all their first quarter gains which were fuelled by the European Central Bank's creation of more than a trillion euros of three-year money. ...
2012-05-18T08:22:16Z
| Investors brace for Facebook debut on Wall Street
(Reuters) - Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued at $104 billion, Facebook is larger than Starbucks Corp and Hewlett-Packard combined, sparking intense speculation on how much higher its valuation will rise once shares start trading. "A 15 to 20 percent pop is in the realm of possibility," said Tim Loughran, a finance professor at the University of Notre Dame. ...
2012-05-18T04:08:58Z
| 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. ...
2012-05-18T09:12:37Z
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Current News Today
Behind the scenes at Facebook
An employee writes a note on the message board at the new headquarters of Facebook in Menlo Park, California January 11, 2012.
2012-01-14T22:42:49Z
| New evidence in Martin case raises questions
Trayvon Martin's autopsy shows he had marijuana in his system the night he was killed by neighborhood watch volunteer George Zimmerman, and a gunshot to his chest came from close range, according to nearly 200 pages of previously undisclosed documents released Thursday.
2012-05-18T03:58:30Z
| G8l leaders seek to corral Europe crisis
The leaders of eight of the world's biggest economies meet this weekend outside Washington, seeking to keep Europe's debt crisis from spiraling out of control and jeopardizing fledgling recoveries in the U.S. and elsewhere.
2012-05-18T07:55:11Z
| Colorado wildfire grows amid erratic wind gusts
Hundreds of firefighters worked to combat a growing blaze that was scorching terrain around a scenic canyon in northern Colorado.
2012-05-18T07:07:47Z
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