Current News Today
Exclusive: Iran flouts U.N. sanctions, sends arms to Syria: panel
UNITED NATIONS (Reuters) - Syria remains the top destination for Iranian arms shipments in violation of a U.N. Security Council ban on weapons exports by the Islamic Republic, according to a confidential report on Iran sanctions-busting seen by Reuters on Wednesday. Iran, like Russia, is one of Syria's few allies as it presses ahead with a 14-month old assault on opposition forces determined to oust Syrian President Bashar al-Assad. News of the panel's report came as Tehran and the U.N. ...
2012-05-17T01:55:37Z
| Iran nuclear output seen steady before Baghdad talks
VIENNA (Reuters) - Iran is installing more centrifuges in an underground plant but does not yet appear to be using them to expand higher-grade uranium enrichment that could take it closer to producing atom bomb material, Western diplomats say. They say Iran's production of uranium refined to a fissile concentration of 20 percent, which it started two years ago, seems to have remained steady in recent months after a major escalation of the work in late 2011 and early this year. ...
2012-05-17T02:59:49Z
| North Korea resumes work on nuclear reactor: report
SEOUL (Reuters) - North Korea has resumed construction work on an experimental light water reactor (ELWR) in a move that could extend its capacity to produce more material for nuclear weapons, website 38North reported on Thursday. Based on April 30 satellite images, work halted in December at the reactor had now re-started, said the website (http://38north.org), run by the U.S.-Korea Institute at Johns Hopkins University and former U.S. State Department official Joel Wit. ...
2012-05-17T02:45:26Z
| IMF chief warns on cost of Greek exit from euro
ATHENS (Reuters) - IMF chief Christine Lagarde warned of "extremely expensive" consequences were Greece to leave the euro zone, a once taboo possibility that European leaders have begun to discuss openly after the nation descended into political chaos. Fears that Greece's dire state could drag the euro zone deeper into crisis rattled financial markets across the globe, as a little-known judge was installed to head an emergency government which will lead the nation to new elections on June 17. ...
2012-05-16T23:12:16Z
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Current News Today
Celtics top 76ers 107-91 in Game 3 for 2-1 lead (Yahoo! Sports)
PHILADELPHIA (AP) Kevin Garnett scored 27 points, grabbed 13 rebounds, and used a dominant second quarter to help the Boston Celtics beat the Philadelphia 76ers 107-91 on Wednesday night and take a 2-1 lead in the Eastern Conference semifinals.
Wed, 16 May 2012 20:02:24 PDT
| Devils rally past Rangers, 3-2, tie series, 1-1 (Yahoo! Sports)
NEW YORK (AP) David Clarkson's deflected goal 2:31 into the third period snapped a tie and lifted the New Jersey Devils to a 3-2 victory over the New York Rangers that evened the Eastern Conference finals at one game apiece on Wednesday night.
Wed, 16 May 2012 20:01:20 PDT
| Kobe's Lakers unfazed by blowout loss to Thunder (Yahoo! Sports)
OKLAHOMA CITY (AP) For a megastar on a tradition-rich franchise with 16 NBA championships, Kobe Bryant has no problem admitting how the Los Angeles Lakers' shortcomings have popped up repeatedly this season.
Tue, 15 May 2012 16:44:42 PDT
| Pacers' Larry Bird is NBA Executive of the Year (Yahoo! Sports)
Everything always seemed to come so easily for Larry Bird on a basketball court.
Wed, 16 May 2012 14:33:43 PDT
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Current News Today
Fears over Greece's political and financial crisis
NEW YORK (Reuters) - Stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece's future as a member of the euro zone. Early U.S. gains were erased after the European Central Bank said it had stopped providing liquidity to some Greek banks that had not been recapitalized. The ECB's move caused some market confusion, adding to volatility as traders have a quick trigger finger when it comes to news about Greece. ...
2012-05-16T20:42:01Z
| Shareholders sue JPMorgan Chase over trading loss
NEW YORK (Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion. A spokesman for JPMorgan Chase declined to comment on the lawsuits, which were filed in U.S. District Court in Manhattan, days after Chief Executive Jamie Dimon's May 10 statement that a "failed hedging strategy" caused the massive loss over the last month. ...
2012-05-16T14:28:33Z
| J.C. Penney stock has worst fall ever
(Reuters) - J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapping its dividend. A number of leading Wall Street firms also lowered their price targets on the company. Penney shares closed down $6.57 at $26.75 on the New York Stock Exchange. ...
2012-05-17T00:02:58Z
| Automakers rev up new model rollout in U.S.: study
DETROIT (Reuters) - Major automakers will launch new models through 2016 in the United States at a faster pace than in the last two decades, according to a Bank of America Merrill Lynch report. New models draw more traffic to showrooms, which can boost a company's market share, profit and stock price. Automakers are expanding their lineups to better compete in the growing U.S. auto market after a "lull" during the economic downturn, the annual report said. ...
2012-05-17T00:12:17Z
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Current News Today
Obama administration denies role in arming Syrian rebels
President Barack Obama's administration has repeatedly said over the past few months that it won't ship arms to Syria's outgunned opposition, warning that doing so will only escalate the bloody conflict there. But the Washington Post reported Wednesday that the U.S. has been helping to coordinate shipments [...]
2012-05-16T23:21:12Z
| Is J.C. Penney the new Sears?
J.C. Penney shares tumbled Wednesday after the retailer reported a much wider-than-expected first-quarter loss, suspended its dividend and saw weakness across all core metrics.
2012-05-16T23:10:45Z
| Russia's chess game 'without any rules'
Grandmaster-turned-activist Garry Kasparov says Putin does whatever he wants to stay in power.
2012-05-17T00:10:15Z
| Robert Kennedy Jr.'s estranged wife dead
Mary Kennedy, ex-wife of Robert F. Kennedy Jr., was found dead at her New York home Wednesday, a source told the Associated Press. Kerry Lawrence, an attorney, confirmed her death, but did not know the cause. The Bedford, N.Y. police department said that at approximately 1:36 p.m. [...]
2012-05-16T21:01:46Z
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