GREENSBORO, North Carolina (Reuters) - Jurors weighing whether former U.S. Senator John Edwards illegally used campaign funds to conceal an extramarital affair when he ran for president headed home on Friday and will resume deliberations next week. A judge let the jury go for the weekend after 5-1/2 hours of discussions. Earlier Friday, jurors asked to review more than a dozen prosecution exhibits. Among the evidence they requested were notes from Rachel "Bunny" Mellon, a wealthy donor to Edwards' campaign, and testimony from her lawyer, Alex Forger. ...
GREENSBORO, North Carolina (Reuters) - Jurors weighing whether former U.S. Senator John Edwards illegally used campaign funds to conceal an extramarital affair when he ran for president headed home on Friday and will resume deliberations next week. A judge let the jury go for the weekend after 5-1/2 hours of discussions. Earlier Friday, jurors asked to review more than a dozen prosecution exhibits. Among the evidence they requested were notes from Rachel "Bunny" Mellon, a wealthy donor to Edwards' campaign, and testimony from her lawyer, Alex Forger. ...
CAPE CANAVERAL, Florida (Reuters) - An Obama administration plan to cut the cost of space flights faces a key test on Saturday when a privately owned rocket lifts off for a practice run aimed at the first private docking at the International Space Station. Space Exploration Technologies' Falcon 9 rocket and Dragon capsule are scheduled for launch at 4:55 a.m. EDT from Cape Canaveral Air Force Station in Florida. Meteorologists expect good conditions for a launch, but if weather or technical problems force a delay, Falcon 9's next opportunity to fly would be on Tuesday. ...
CAPE CANAVERAL, Florida (Reuters) - An Obama administration plan to cut the cost of space flights faces a key test on Saturday when a privately owned rocket lifts off for a practice run aimed at the first private docking at the International Space Station. Space Exploration Technologies' Falcon 9 rocket and Dragon capsule are scheduled for launch at 4:55 a.m. EDT from Cape Canaveral Air Force Station in Florida. Meteorologists expect good conditions for a launch, but if weather or technical problems force a delay, Falcon 9's next opportunity to fly would be on Tuesday. ...
The unemployment rate fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
(Reuters) - The trustee for MF Global Holdings Inc's brokerage unit said he has received $168 million in cash from JPMorgan Chase & Co , which had been the commodities and futures brokerage firm's main bank prior to its October bankruptcy. James Giddens, the trustee for the MF Global Inc unit, said the money represents proceeds of excess collateral that the largest U.S. bank held when the unit began to liquidate. He said the payment will help his efforts to return money to former MF Global customers, and that he remains in talks with JPMorgan on other claims. An estimated $1. ...
(Reuters) - Solar stocks slumped to fresh lows on Friday as investors continued to punish Chinese solar companies a day after the United States said it would impose new duties on imports from the world's leading solar manufacturer. Suntech Power Holdings was down 4.2 percent, Trina Solar Ltd slid 5 percent and Yingli Green Energy dropped 7.5 percent, extending declines made on Thursday when the U.S. Commerce Department ruled China-based solar companies had violated trade rules and 'dumped' their products in the U.S. at below-market prices. ...
Arizona Secretary of State Ken Bennett wants you to know that he is not a birther, but he says he wants proof of Barack Obama’s citizenship before putting his name on the Arizona ballot. In a radio interview today, Bennett said he is just doing...
RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale is confident it will win a dispute over taxes the government claims the company owes on earnings abroad, CEO Murilo Ferreira said on Friday. The government has ordered Vale to pay 30.5 billion reais ($15.19 billion) in tax on profits from its foreign subsidiaries. The company said it already paid the taxes to foreign governments and that Brazil's claim is a form of illegal double taxation. Vale, along with other companies and industry associations, is disputing the back taxes in Brazil's highest court. ...
MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector. The Bank of Spain said bad loans rose to 8.37 percent of banks' outstanding loans, the highest since August 1994 and up from 8.3 percent in February, which was also revised higher. The data was released before Spain names auditors on Monday to assess how bad the losses are likely to get, and how much cash banks will need to rebuild their balance sheets. ...
ATHENS (Reuters) - A Greek-German row broke out on Friday after Greece's government spokesman said Chancellor Angela Merkel raised the idea of Athens holding a referendum about its euro zone membership next month, which Berlin vehemently denied. The confusion arose after a telephone call earlier on Friday between Merkel and Greek President Karolos Papoulias, in which Merkel conveyed her hope for a functioning government in Greece after repeat elections on June 17. Greek government spokesman Dimitris Tsiodras said after the call that Merkel also raised the idea of a referendum. ...
If you're lucky enough to live in some parts of the United States, you may see gas pump prices fall to around $3.25 a gallon or less in the next week or two. Even West Coast drivers should get some relief from prices that are still above $4 a gallon.
Arizona Secretary of State Ken Bennett wants you to know that he is not a birther, but he says he wants proof of Barack Obama’s citizenship before putting his name on the Arizona ballot. In a radio interview today, Bennett said he is just doing...
WASHINGTON (Reuters) - The Republican Party's fundraising arm working to elect its candidates to the U.S. House of Representatives raised $6.9 million in April, slightly more for the month than its Democratic counterpart. The National Republican Congressional Committee figures released on Friday showed that the NRCC ended last month with $31.3 million left in the bank, adding about $4.2 million to the cash on hand in March. Republicans currently have a majority in the House. The Democratic Congressional Campaign Committee raised $6. ...
An exploratory oil well off the coast of Havana has failed and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for Cuba but far from a death-blow to the island's petroleum dreams.
SAN FRANCISCO (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise. In late trading, Facebook shares were only a few cents above the company's initial public offering price of $38, after opening 11 percent higher, rapidly heading south to touch their initial price and then rebounding by several dollars. ...
Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.
Children's trampolines with a dangerous defect and a line of crib tents that have already proved deadly for one child are among this week's recalled products. Others include defective safety locks meant to keep children out of cabinets and climbing ropes with a dangerous flaw.
President Obama’s re-election campaign is courting voters in Florida and Nevada with a new, positive 30-second TV ad on higher education. The spot, which began airing Friday, features pictures of a young Obama with his mother and at school as the narrator paints a picture...
Crude oil prices fell Friday ahead of a weekend meeting in which President Barack Obama and leaders of the world's biggest economies will search for ways to help Europe resolve its ongoing debt crisis.
CHICAGO (Reuters) - The Obama administration may be not be able to strike a long-awaited agreement with Pakistan to help supply Western soldiers in Afghanistan as hoped in time for a major NATO summit in Chicago this weekend, a U.S. official said. "There's a distinct possibility that we may not see an agreement before the end of this weekend," the U.S. official said on condition of anonymity. "But talks are progressing and we do expect to reach a deal in the near future. ...
CHICAGO (Reuters) - The Obama administration may be not be able to strike a long-awaited agreement with Pakistan to help supply Western soldiers in Afghanistan as hoped in time for a major NATO summit in Chicago this weekend, a U.S. official said. "There's a distinct possibility that we may not see an agreement before the end of this weekend," the U.S. official said on condition of anonymity. "But talks are progressing and we do expect to reach a deal in the near future. ...
HILLSBOROUGH, N.H. – Mitt Romney ventured to the Granite State today to stand in front of an abandoned 19th century stone bridge to highlight what he considers to be President Obama’s “wasteful” spending. “You all know the story of this bridge, this is part of...
A federal appeals court on Friday upheld a key provision of the Voting Rights Act, rejecting an Alabama county's challenge to the landmark civil rights law.
ATLANTA (Reuters) - A Georgia college student fighting a rare flesh-eating bacterial infection mouthed "Let's do this" when told that her hands and remaining foot would have to be amputated, her father said on Friday. Andy Copeland, Aimee Copeland's father, wrote in a Facebook posting that a doctor told the family on Thursday that "the hands were endangering Aimee's progress." He said he told the doctors, "Do whatever it takes to give us the best chance to save Aimee's life." Copeland then took his daughter's hands and, holding them up to her face, said, "Aimee, these hands are not healthy. ...
ATLANTA (Reuters) - A Georgia college student fighting a rare flesh-eating bacterial infection mouthed "Let's do this" when told that her hands and remaining foot would have to be amputated, her father said on Friday. Andy Copeland, Aimee Copeland's father, wrote in a Facebook posting that a doctor told the family on Thursday that "the hands were endangering Aimee's progress." He said he told the doctors, "Do whatever it takes to give us the best chance to save Aimee's life." Copeland then took his daughter's hands and, holding them up to her face, said, "Aimee, these hands are not healthy. ...
NEW YORK (Reuters) - World stocks erased the year's gains on Friday as investors fled risky investments for safe-haven assets on concerns about the euro zone's deepening debt woes, while U.S. stocks lost ground after the market debut of social network Facebook failed to lift optimism. Brent crude briefly slipped below $107 per barrel to its lowest in 2012 as the euro zone crisis raised fears of a global slowdown that could dent oil demand, while German borrowing costs hit record lows. World stocks, as measured by the MSCI index , dropped 1. ...
CHICAGO (Reuters) - An estimated 2,500 people, including hundreds of nurses, protested peacefully in a downtown Chicago plaza under the watchful eye of police Friday, chanting mostly about economic issues that have little to do with the summit of the NATO military alliance starting this weekend. The rally, which Chicago police estimated at about 2,500, was the largest so far in a week of daily protests before representatives from 60 countries arrive for the two-day summit to discuss the war in Afghanistan. ...
CHICAGO (Reuters) - An estimated 2,500 people, including hundreds of nurses, protested peacefully in a downtown Chicago plaza under the watchful eye of police Friday, chanting mostly about economic issues that have little to do with the summit of the NATO military alliance starting this weekend. The rally, which Chicago police estimated at about 2,500, was the largest so far in a week of daily protests before representatives from 60 countries arrive for the two-day summit to discuss the war in Afghanistan. ...
WASHINGTON (Reuters) - U.S. President Barack Obama pressed Europe on Friday to shift toward a more pro-growth policy and away from austerity to tackle a crisis that threatens to push Greece out of the euro zone and send economic shockwaves worldwide. Setting the tone for a weekend G8 summit, Obama made clear he was aligning himself with the new French president's drive for more economic stimulus in the recession-plagued euro zone instead of emphasizing belt-tightening programs spearheaded by Germany. ...
The State Department says deep cuts to its budget proposed by Congress will damage America's security and global leadership as well as prove costly to taxpayers in the long run.
NEW YORK (Reuters) - Stocks fell on Friday as investors turned cautious before leaders of the Group of Eight nations met about the euro zone debt crisis and after a shaky market debut by Facebook Inc . The S&P 500 dipped below the 1,300 level, seen as a key support point, for the first time since mid-January, before the meeting by the leaders of the world's major industrial economies near Washington. Leaders will try to confront the continuing crisis in the euro zone, including the increasing likelihood of a Greek departure from the bloc. ...
FRANKFURT (Reuters) - German police said they detained 400 anti-capitalist protesters in Frankfurt on Friday for defying a ban on demonstrations against austerity policies implemented to tackle the intensifying euro zone debt crisis. The demonstration in the German financial capital was part of a four-day-long "Blockupy" protest, due to run until Saturday, against capitalism and austerity measures. "Hungry? Eat a banker," read one banner protesters held up outside the Messeturm skyscraper housing Goldman Sachs' offices. Reuters' Frankfurt office is also in the building. ...