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Jury deliberations in Edwards trial to resume next week

Former U.S. Senator John Edwards walks to the federal courthouse in GreensboroGREENSBORO, 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. ...


Jury deliberations in Edwards trial to resume next week

Former U.S. Senator John Edwards walks to the federal courthouse in GreensboroGREENSBORO, 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. ...


SpaceX test flight to space station seen as milestone

SpaceX Falcon 9 test rocket is being prepared for launch from Complex 40 at Cape Canaveral Air Force Station in FloridaCAPE 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. ...


SpaceX test flight to space station seen as milestone

SpaceX Falcon 9 test rocket is being prepared for launch from Complex 40 at Cape Canaveral Air Force Station in FloridaCAPE 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. ...


City discusses taxes, litter

During its monthly work session Tuesday, City Commissioners heard a presentation on Local Option Sales Tax presented by Barry Hall with Governmental Enterprises.

Unemployment rate falls in two-thirds of US states

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.

Georgia student with flesh-eating infection OKs more amputations

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. ...

Georgia student with flesh-eating infection OKs more amputations

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. ...

Thousands protest in Chicago ahead of NATO summit

A protestor marches through the streets as others hold a banner during a demonstration ahead of the NATO meeting in ChicagoCHICAGO (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. ...


Obama presses Europe for shift to growth focus

U.S. President Barack Obama waves as he walks out from the Oval Office of the White House in WashingtonWASHINGTON (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. ...


City of Cambridge paid nearly $4 million to settle discrimination case

The city of Cambridge paid close to $4 million in a discrimination case filed by two former employees who filed discrimination complaints against the city . The release of the document Friday comes after an October 2011 appeal filed by the Cambridge Chronicle/Wicked Local Cambridge. The Chronicle requested a copy of the settlement agreement between the city of Cambridge and Linda Stamper and ...

Obama presses Europe for shift to growth focus

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. ...

A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Friday:

Greek politics, Spain banks test eurozone survival

A woman uses an ATM cash point machine at a branch of the Bankia bank in Madrid Thursday May 17, 2012. A recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest rates in a debt auction, reflecting concerns the country will be caught up in the fallout of the Greek crisis. Logo says ' Welcome to Bankia'. (AP Photo/Paul White)Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery. And there is no respite in sight, as Germany's finance minister predicted Friday that the crisis could last up to another two years.


Kraft cuts Maxwell House coffee prices in U.S.

Kraft cheese products are seen on the shelf at a grocery store in Washington(Reuters) - Kraft Foods said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House, citing lower green coffee costs since prices peaked last year, making it the second major U.S. roaster to lower its coffee prices this week. The move comes three days after J.M. Smucker Co. cut the cost of well-known brands Folgers and Dunkin' Donuts by an average of 6 percent. It is the second cut to coffee prices since August 2011 for both companies. ...


Kraft cuts Maxwell House coffee prices in U.S.

Kraft cheese products are seen on the shelf at a grocery store in Washington(Reuters) - Kraft Foods said on Friday it lowered prices on many of its U.S. coffees, including its flagship brand Maxwell House, citing lower green coffee costs since prices peaked last year, making it the second major U.S. roaster to lower its coffee prices this week. The move comes three days after J.M. Smucker Co. cut the cost of well-known brands Folgers and Dunkin' Donuts by an average of 6 percent. It is the second cut to coffee prices since August 2011 for both companies. ...


City Room: Big Ticket | Sold for $52.5 Million

The investor Howard Marks and his wife bought a 30-room duplex at 740 Park. The seller was Courtney Sale Ross, the widow of the TimeWarner executive Steven J. Ross.

Key witness in Clemens trial says mixed evidence

Brian McNamee, former trainer of Major League Baseball pitcher Roger Clemens, leaves the federal courthouse in WashingtonWASHINGTON (Reuters) - The key witness in ex-baseball pitching ace Roger Clemens' perjury trial testified on Friday that evidence he turned over to federal authorities that allegedly showed Clemens had used performance-enhancing drugs also included items used by other players. With the defense questioning the credibility of the evidence, Brian McNamee, Clemens' former trainer, appeared to back away from his courtroom statements in more than 20 hours of testimony at U.S. District Court that the waste came only from drug use by Clemens, one of baseball's greatest pitchers. ...


U.S. soldier referred for court martial for 2009 Iraq shooting

SEATTLE (Reuters) - A U.S. soldier accused of shooting dead five fellow servicemen at a military clinic in Baghdad in 2009 has been referred to stand trial by military court martial, Joint Base Lewis-McChord said on Friday. Sergeant John Russell, who could face the death penalty if convicted, faces five charges of premeditated murder, one charge of aggravated assault, and one charge of attempted murder. Russell, of the 54th Engineer Battalion based in Bamberg, Germany, is accused of going on a shooting spree at a combat stress center at Camp Liberty, near the Baghdad airport, in May 2009. ...

U.S. soldier referred for court martial for 2009 Iraq shooting

SEATTLE (Reuters) - A U.S. soldier accused of shooting dead five fellow servicemen at a military clinic in Baghdad in 2009 has been referred to stand trial by military court martial, Joint Base Lewis-McChord said on Friday. Sergeant John Russell, who could face the death penalty if convicted, faces five charges of premeditated murder, one charge of aggravated assault, and one charge of attempted murder. Russell, of the 54th Engineer Battalion based in Bamberg, Germany, is accused of going on a shooting spree at a combat stress center at Camp Liberty, near the Baghdad airport, in May 2009. ...

MF Global customer deemed "frivolous" in fee fight

NEW YORK (Reuters) - A former MF Global Holdings Ltd customer was rebuked on Friday by a judge for filing "frivolous" court papers attacking the mounting fees of Louis Freeh, the trustee unwinding the company's bankrupt estate. U.S. Bankruptcy Court Judge Martin Glenn rejected arguments from customer leader James Koutoulas that Freeh should not be allowed to extend a Friday deadline to file financial data about the company. Koutoulas had argued the postponement would allow Freeh, a former FBI director, to rack up unreasonable fees. ...

MF Global customer deemed "frivolous" in fee fight

NEW YORK (Reuters) - A former MF Global Holdings Ltd customer was rebuked on Friday by a judge for filing "frivolous" court papers attacking the mounting fees of Louis Freeh, the trustee unwinding the company's bankrupt estate. U.S. Bankruptcy Court Judge Martin Glenn rejected arguments from customer leader James Koutoulas that Freeh should not be allowed to extend a Friday deadline to file financial data about the company. Koutoulas had argued the postponement would allow Freeh, a former FBI director, to rack up unreasonable fees. ...

Health secretary urges contraception compromise

U.S. President Obama speaks about contraceptive funding at the White House in WashingtonWASHINGTON (Reuters) - The Obama administration's top health official on Friday took the debate over whether healthcare coverage should include contraceptives to the campus of a Catholic university that has been deeply divided over the administration's policy. U.S. Health Secretary Kathleen Sebelius, in a speech at Georgetown University a few miles from the White House, praised the new U.S. healthcare law requiring coverage and called for "conversation and compromise. ...


Health secretary urges contraception compromise

U.S. President Obama speaks about contraceptive funding at the White House in WashingtonWASHINGTON (Reuters) - The Obama administration's top health official on Friday took the debate over whether healthcare coverage should include contraceptives to the campus of a Catholic university that has been deeply divided over the administration's policy. U.S. Health Secretary Kathleen Sebelius, in a speech at Georgetown University a few miles from the White House, praised the new U.S. healthcare law requiring coverage and called for "conversation and compromise. ...


El Paso applies for LNG export license from Elba Island

NEW YORK (Reuters) - Natural gas producer and pipeline operator El Paso Corp has joined the growing ranks of companies hoping to export the abundant fuel overseas, after filing an export license for its import terminal in Georgia. El Paso, through its subsidiary Southern LNG, is seeking authorization from the Department of Energy to export up to 0.5 billion cubic feet per day of liquefied natural gas from its Elba Island facility over 25 years, according to a filing on the DoE website on Friday. ...

El Paso applies for LNG export license from Elba Island

NEW YORK (Reuters) - Natural gas producer and pipeline operator El Paso Corp has joined the growing ranks of companies hoping to export the abundant fuel overseas, after filing an export license for its import terminal in Georgia. El Paso, through its subsidiary Southern LNG, is seeking authorization from the Department of Energy to export up to 0.5 billion cubic feet per day of liquefied natural gas from its Elba Island facility over 25 years, according to a filing on the DoE website on Friday. ...

Small fire breaks out at ADM plant in Illinois

CHICAGO (Reuters) - A small fire broke out at one of agribusiness giant Archer Daniel Midland Co's plants in Decatur, Illinois, on Friday morning. The fire department was called but the fire, which started in the coal storage area of plant's co-generation facility, was put out before firefighters arrived, ADM spokeswoman Jackie Anderson said. The facility helps power operations at the plant. There were no injuries or damage. The cause of the fire, which started around 10 a.m. CDT (1500 GMT) was still being investigated, Anderson said. Anderson said that the facility was still open for ...

Small fire breaks out at ADM plant in Illinois

CHICAGO (Reuters) - A small fire broke out at one of agribusiness giant Archer Daniel Midland Co's plants in Decatur, Illinois, on Friday morning. The fire department was called but the fire, which started in the coal storage area of plant's co-generation facility, was put out before firefighters arrived, ADM spokeswoman Jackie Anderson said. The facility helps power operations at the plant. There were no injuries or damage. The cause of the fire, which started around 10 a.m. CDT (1500 GMT) was still being investigated, Anderson said. Anderson said that the facility was still open for ...

Bankers survey shows rural economies remain strong

The economy remains strong in rural areas of 10 Midwest and Western states because of the health of agricultural businesses there, according to a new survey of banks serving rural areas.

Chinese entities world's biggest economic spies-Pentagon

Paramilitary recruits march during a training session as a banner in Chinese that reads WASHINGTON (Reuters) - The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage. The Pentagon, in its annual report to Congress on China's military, flagged sustained investment last year in advanced missile technologies and cyber warfare capabilities and warned that Chinese spying threatened America's economic security. ...


Appeals court affirms minority voting rights law

(Reuters) - A federal appeals court on Friday upheld a key provision of the landmark U.S. voting rights law aimed at protecting minorities in states and local areas with a history of racial discrimination. The U.S. Court of Appeals for the District of Columbia Circuit in a 2-1 decision said Congress did not exceed its power by renewing a requirement that nine states, mostly in the South, and dozens of local governments with a history of racial discrimination get federal permission to change their election procedures. ...

Appeals court affirms minority voting rights law

(Reuters) - A federal appeals court on Friday upheld a key provision of the landmark U.S. voting rights law aimed at protecting minorities in states and local areas with a history of racial discrimination. The U.S. Court of Appeals for the District of Columbia Circuit in a 2-1 decision said Congress did not exceed its power by renewing a requirement that nine states, mostly in the South, and dozens of local governments with a history of racial discrimination get federal permission to change their election procedures. ...

Putin seeking control in Russian cabinet selection

Russian President Putin uses a security device during a visit to the Interior Ministry Academy in MoscowMOSCOW (Reuters) - President Vladimir Putin will likely name allies to key economic posts when he unveils his new cabinet on Monday, asserting control over the government in a move that could hamstring reforms backed by his more liberal premier. At stake is the future of Russia's privatization program and the drive to diversify a $1.7 trillion Russian economy still heavily dependent on oil and gas exports, which yield half of all state revenues. "It will be Putin's cabinet," said Lilia Shevtsova, a senior associate at the Carnegie Moscow Center think-tank who is an author and expert on Putin. ...


All baby boomers should get hepatitis C test -CDC

Laboratory assistant examines blood samples inside laboratory in Siliguri(Reuters) - All baby boomers should be tested at least once for the liver-destroying hepatitis C virus, according to proposed guidelines from U.S. health officials released on Friday. The often-undiagnosed virus is transmitted through contaminated blood. While infection rates have dropped dramatically since the early 1990s - due in part to the introduction of blood and organ screening - many older adults are still at risk, according to the U.S. Centers for Disease Control and Prevention, which released the draft guidelines. ...


Sporting Kansas City-Rapids Preview

Sporting Kansas City is trying its best to put a positive spin on a three-game losing streak that has followed a franchise-best start.

Storied battleship making final port call in Los Angeles

Volunteers work under the 16-inch guns at the bow of the U.S. battleship LOS ANGELES (Reuters) - The USS Iowa, which ferried the late President Franklin D. Roosevelt across the perilous Atlantic waters to a historic meeting with Winston Churchill and Josef Stalin in the dark days of World War Two, will have to be towed to its final port call. The battleship saw combat in the Pacific, survived a devastating explosion in a gun turret, and even a snub from the city of San Francisco. At the end of its final voyage, the storied warship will have a permanent mooring in Los Angeles. ...


News Summary: Taiwan's Ma set for 2nd term

FILE - In this Saturday, Jan. 14, 2012 file photo, Taiwanese President Ma Ying-jeou declares victory in the presidential election in Taipei, Taiwan. Ma has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. (AP Photo/Wally Santana)TENSIONS EASED: Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949.


Sudan set to devalue pound amid oil crunch: sources

A person counts after receiving the new Sudanese currency from a cashier at a branch of the central bank of Sudan in KhartoumKHARTOUM (Reuters) - Sudan, hit by an economic crisis since losing crucial oil revenues, will effectively devalue the pound by allowing foreign exchange bureaux to trade dollars at a level away from the official rate, a banking source and Sudanese media said on Friday. Sudan's economy has been battered since the country lost three-quarters of its oil production to South Sudan when the latter became independent in July. Even though the pipelines are in Sudan, the two have been unable to agree on how much the South should pay to transport its oil. ...


Eurozone crisis drives stocks lower despite Facebook frenzy

A television anchor stands in front of screens showing the start of trading in Facebook shares at the NASDAQWorld stock markets fell in nervous trade on Friday and the euro hit a new four-month low against the dollar as a downgrade hit 16 Spanish banks ahead of a key G8 meeting, rattling investors.


Tourism in Myrtle Beach leads economic recovery

A new Coastal Carolina University study has found tourism in the Myrtle Beach area led the recovery from the Great Recession, bouncing back faster than other areas of the economy along the state's Grand Strand.

Kenya's KenGen eyes $686 mln gas-fired power plant

An official with Kenya Power and Lighting Company poses inside a sub-station in NairobiNAIROBI (Reuters) - Kenyan electricity generating company KenGen plans to raise funds from private investors for a $686 million gas-fired power plant to run on imported liquefied natural gas (LNG), Managing Director Eddy Njoroge said on Friday. KenGen, which relies largely on hydro power, said the plant would help meet growing demand for electricity and help prevent frequent blackouts in east Africa's biggest economy caused by generation shortfalls and an ageing grid. ...


Unemployment rates fall in two-thirds of US states

Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.

After stinging report, Pope softens tone for U.S. nuns

VATICAN CITY (Reuters) - Pope Benedict on Friday held out an olive branch to American Roman Catholic nuns, who are reeling from a stinging Vatican report that criticized them as being feminist and politicized. "I wish to reaffirm my deep gratitude for the example of fidelity and self-sacrifice given by many consecrated women (nuns) in your country," he said in an address to visiting U.S. bishops. ...

Canada April inflation sparks more rate-hike talk

OTTAWA (Reuters) - Inflation in Canada was slightly higher than expected in April, providing the Bank of Canada with more reason, if the European crisis doesn't undermine the economy, to launch the interest-rate hike it has hinted at recently. On an annual basis the overall inflation rate rose to 2.0 percent in April from 1.9 percent in March, Statistics Canada said on Friday. The core rate, which excludes volatile items, climbed to 2.1 percent from 1.9 percent. ...

Myanmar welcomes easing of US economic sanctions

Officials and businessmen in Myanmar welcomed U.S. plans to ease economic sanctions, saying Friday it will benefit both countries in a market long cut off from most Western investment.

BoE's Posen to quit to head U.S. think tank

LONDON/WASHINGTON (Reuters) - Bank of England policymaker Adam Posen will not seek a second term at the central bank and instead plans to step down in August to head a leading U.S. economic think tank, the Bank said on Friday. Posen has been the most outwardly dovish member of the Bank's rate-setting Monetary Policy Committee for most of his time at the central bank, and a leading advocate of its programme of quantitative easing asset purchases. ...

Kenya's 2012 tourism earnings to dip on euro crisis, attacks

To match feature AFRICA-TOURISM/NAIROBI (Reuters) - Kenya's white sandy beaches look set to have fewer visitor footprints meandering over them this year. While this may be good news for Europeans seeking escape from economic storms at home, it is bad news for Suresh Sofat's tour firm and other Kenyans hoping to cash in on hard currency earnings - especially after 2011 was year of plenty for them. Sofat, 73, who runs Somak Travel, a 44-year old family business, now sees a difficult time ahead after the euro crisis and deadly attacks blamed on al Qaeda-linked militia have seen travel bookings fall sharply. ...


Kenya's 2012 tourism earnings to dip on euro crisis, attacks

NAIROBI (Reuters) - Kenya's white sandy beaches look set to have fewer visitor footprints meandering over them this year. While this may be good news for Europeans seeking escape from economic storms at home, it is bad news for Suresh Sofat's tour firm and other Kenyans hoping to cash in on hard currency earnings - especially after 2011 was year of plenty for them. Sofat, 73, who runs Somak Travel, a 44-year old family business, now sees a difficult time ahead after the euro crisis and deadly attacks blamed on al Qaeda-linked militia have seen travel bookings fall sharply. ...

U.S. test flight seen as "giant leap" for commercial space

CAPE CANAVERAL, Florida (Reuters) - An Obama administration plan to cut the cost of spaceflight services faces a key test on Saturday when a privately owned rocket lifts off for a practice run to the International Space Station. If successful, Space Exploration Technologies, or SpaceX, would become the first private company to reach the $100 billion outpost, which flies about 240 miles above Earth. ...

Kansas City Southern says coal shipments weaker

NEW YORK (Reuters) - Railroad operating company Kansas City Southern said on Friday shipments of coal, farm products and chemicals were weaker than expected a month ago, but kept its full-year profit forecast unchanged, saying shipments should pick up once the railroad moves past temporary factors. "We had a much more positive outlook 30 days ago," Chief Financial Officer Michael Upchurch told the Bank of America Merrill Lynch global transportation conference in Boston. ...
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