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Turkey: Warplane Missing Near Syria

Turkey: Warplane Missing Near Syria

(AP) ANKARA, TurkeyA Turkish military jet disappeared on Friday while flying over the Mediterranean Sea near Syria, and both countries were searching for it, officials told Turkey’s state-run media. Turkey’s Foreign Ministry had no immediate comment on the missing plane,

World stocks fall amid US jobs, housing gloom

World stocks fall amid US jobs, housing gloom

(AP) World stocks fall amid US jobs, housing gloomBy PAMELA SAMPSONAP Business WriterBANGKOKWorld stock markets fell Friday as gloomy economic reports from the world’s two biggest economies heightened fears of a sharper global downturn. In Europe, leaders were set to

Moody's Lowers Credit Rating of Big Banks

Moody's Lowers Credit Rating of Big Banks

(AP) Moody’s sees big banks’ risks of ‘outsized losses’By PALLAVI GOGOIAP Business WriterNEW YORKMoody’s Investors Service has lowered the credit ratings on some of the world’s biggest banks, including Bank of America, JPMorgan Chase and Goldman Sachs, reflecting concern over

Last Day of Breivik Trial in Norway

Last Day of Breivik Trial in Norway

The last day of the trial of Anders Behring Breivik began Friday with his defence expected to call for the acquittal of the right-wing extremist who killed 77 people in Norway last July. Breivik’s main lawyer Geir Lippestad launched into

Eurozone's Big Four in Rome for Talks on Crisis

Eurozone's Big Four in Rome for Talks on Crisis

Leaders of the eurozone’s four biggest economies gather in Rome Friday to thrash out ideas to tackle the debt crisis, with calls for the bloc’s bailout fund to intervene on bond markets set to top the agenda. The talks, which

Auditors: Spain Bank Bailout Could Cost up to $78B

Auditors: Spain Bank Bailout Could Cost up to $78B

DANIEL WOOLLS and ALAN CLENDENNINGAssociated PressMADRIDSpain’s troubled banks could need as much as (EURO)62 billion ($78.6 billion) in new capital to protect themselves from economic shocks, according to independent auditors hired by the government to assess the country’s struggling financial

Syria Fighter Pilot Defects in New Blow to Assad

Syria Fighter Pilot Defects in New Blow to Assad

A Syrian air force colonel won political asylum after landing his MiG fighter in Jordan, as a watchdog reported the deadliest day of fighting in Syria since the battered April ceasefire. The pilot, who reportedly flew his jet under the

Asia Stocks Fall Amid US Jobs, Housing Gloom

Asia Stocks Fall Amid US Jobs, Housing Gloom

By PAMELA SAMPSONAP Business WriterBANGKOKAsian stock markets fell Friday as gloomy economic reports from the world’s two biggest economies piled up, heightening fears of a sharper global downturn. The U.S. Labor Department reported Thursday that the four-week average of applications

Mexico Arrests Son of Sinaloa Drug Cartel Boss

Mexico Arrests Son of Sinaloa Drug Cartel Boss

Mexico’s military on Thursday said it had captured the son of Sinaloa drug cartel leader Joaquin “El Chapo” Guzman, dealing a major blow against the notorious crime syndicate run by this country’s most wanted man. The suspect believed to be

Taliban Attack Afghan Hotel; Hostages Taken

AMIR SHAHAssociated PressKABUL, AfghanistanThe Taliban stormed a lakeside hotel north of Kabul, killing three security guards, taking hostages and staging an hours-long gun battle with Afghan security forces, police said Friday. At least three suicide bombers _ armed with machines

Moody's Cuts Credit Ratings of 15 Major Banks

Moody's Cuts Credit Ratings of 15 Major Banks

By PALLAVI GOGOIAP Business WriterNEW YORKMoody’s Investors Service lowered the credit ratings of 15 major banks Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking. The ratings agency said

Radiohead Postpones Part of European Tour

By CHARMAINE NORONHAAssociated PressTORONTORadiohead has postponed part of its European tour after a stage collapse in Toronto killed the band’s drum technician. A statement posted on the British band’s website Thursday says they are dealing with grief from the accident

Sandusky's Son Matt Says Father Abused Him

Sandusky's Son Matt Says Father Abused Him

By MARK SCOLFORO and GENARO C. ARMASAssociated PressBELLEFONTE, Pa.Lawyers for one of Jerry Sandusky’s adopted sons said the man has told authorities the former Penn State assistant football coach abused him. The lawyers issued a statement Thursday naming Matt Sandusky,

Greek Gov't Pledges to Safeguard Euro Membership

Greek Gov't Pledges to Safeguard Euro Membership

By NICHOLAS PAPHITISAssociated PressATHENS, GreeceGreece’s new conservative-led coalition government on Thursday pledged to try and revise the country’s austerity commitments to its creditors, but insisted that would not endanger ties with the rest of Europe or Greek use of the

Billy Corgan: Where's Obama's 'Moral Compass?'

Billy Corgan: Where's Obama's 'Moral Compass?'

Billy Corgan is pretty depressed about the direction the Obama administration is headed. The Smashing Pumpkins’ lead singer chatted with the low-rated Piers Morgan on CNN last night about the musician’s frustration with the real President Barack Obama versus the

Indiana Gov. Daniels Named Next Purdue President

By TOM COYNE and TOM LoBIANCOAssociated PressWEST LAFAYETTE, Ind.Indiana Gov. Mitch Daniels was hailed as a visionary who could bring innovation despite his lack of academic credentials as he was introduced Thursday as the next president of Purdue University, quashing

Pelosi: GOP Attacking Holder to Suppress Voters

Pelosi: GOP Attacking Holder to Suppress Voters

(AP) WASHINGTONA Republican-run House committee’s vote to hold the attorney general in contempt of Congress is part of GOP efforts to suppress votes in the upcoming elections, the top House Democrat said Thursday. House Minority Leader Nancy Pelosi, D-Calif., said the

Obama Readies Yet Another Hollywood Fundraiser

Obama Readies Yet Another Hollywood Fundraiser

When “The Wrap” writes a headline like this… Team Obama Rallies Young Hollywood for (Yet Another) Celebrity Fund-Raiser …you know the President has an image problem. Wrap: Barack Obama’s reelection team is once again enlisting help from Hollywood to keep the

Hollywood Fears Backlash to Obama Celeb Fundraiser Barrage

Hollywood Fears Backlash to Obama Celeb Fundraiser Barrage

THR: Some of the president’s most ardent entertainment industry supporters tell THR they are concerned that his increasing reliance on stars and celebrity contests could backfire.   Barack Obama’s recent barrage of Hollywood campaign fund-raisers is drawing backlash from an

High Court Rules 7-2 Against SEIU

High Court Rules 7-2 Against SEIU

Press release from the National Right to Work Legal Defense Foundation (AP story below): Washington, DC (June 21, 2012) – The U.S. Supreme Court ruled 7-2 today, siding with nonmember California state employees challenging a Service Employees International Union (SEIU)

High Court Tosses FCC Indecency Policy

High Court Tosses FCC Indecency Policy

(AP) High court throws out FCC indecency policy WASHINGTON The Supreme Court has thrown out fines and sanctions against broadcasters who violated the Federal Communications Commission policy regulating curse words and nudity on broadcast television. The justices declined on Thursday

Poll: Obama, Romney even amid economic worries

Poll: Obama, Romney even amid economic worries

(AP) Poll: Obama, Romney even amid economic worriesBy JIM KUHNHENN and JENNIFER AGIESTAAssociated PressWASHINGTONFewer Americans believe the economy is getting better and a majority disapproves of how President Barack Obama is handling it, according to a new Associated Press-GfK poll.