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Updated: 49 min 38 sec ago

Accused 'flash crash' trader seeks release from custody

Wed, 05/13/2015 - 02:32

Navinder Singh Sarao, 36, has been charged by the U.S. Justice Department with wire fraud, commodities fraud and market manipulation. His lawyer Joel Smith told London's Westminster Magistrates' Court that an application to vary the bail conditions had been made to the High Court and that there would be a hearing next Wednesday.

43 Shiites killed as gunmen attack bus in Karachi

Wed, 05/13/2015 - 01:18

At least 43 members of Pakistan's Shiite Ismaili minority were killed when gunmen opened fire on their bus in Karachi on Wednesday, police said, with a leaflet at the scene claiming the attack on behalf of the Islamic State group. It was the second deadliest militant attack in Pakistan this year after 62 Shiite Muslims were killed in a suicide bombing in late January. Pakistan has seen a rising tide of sectarian violence in recent years, particularly against Shiites, who make up around 20 percent of the country's predominantly Muslim population of 200 million. "According to the initial information which we have received from hospitals, 43 people have been killed and 13 wounded," Ghulam Haider Jamali, police chief of Sindh province told reporters at the site.

Amtrak train derails killing 5 people; investigation begins

Wed, 05/13/2015 - 01:17

Dozens of others were injured when the New York-bound train crashed in Philadelphia.

Arizona prosecutors charge woman who faked cancer

Tue, 05/12/2015 - 23:27
By David Schwartz PHOENIX (Reuters) - An Arizona woman was charged with fraud and identity theft after faking cancer to get the state to pay for her late-term abortion five years ago, prosecutors said on Tuesday. Chalice Renee Zeitner, 29, also faces one count each of felony theft and forgery stemming from the scheme in Phoenix between March and 2010, according to a statement from the state Attorney General's Office. State prosecutors accused Zeitner of falsely telling her obstetrician that she had been diagnosed with cancer and that her pregnancy further endangered her life. Zeitner, who was enrolled in Arizona's Medicaid system, received an abortion at a Phoenix hospital on April 2010.

Toyota, Nissan recall 6.5 mln cars over exploding airbag fears

Tue, 05/12/2015 - 22:16

Toyota and rival Nissan on Wednesday announced the recall of about 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to at least five deaths. The world's biggest automaker said its recall of five million vehicles affected 35 models globally produced between March 2003 to November 2007, while Nissan said its recall of 1.56 million vehicles worldwide was also due to faulty airbags made by embattled supplier Takata. "This will affect many of our markets, including Japan, Europe and North America," a Nissan spokesman told AFP, adding that the explosion risk was among a range of problems seen in the defective airbags. Nissan's recall affects a range of models produced between 2004 and 2008.

Amtrak train derailment 'disastrous mess,' kills 5 people

Tue, 05/12/2015 - 20:08

Dozens of others were injured when the train bound for New York derailed.

Amtrak train derails in Philadelphia, killing at least five

Tue, 05/12/2015 - 20:00

By Daniel Kelley PHILADELPHIA (Reuters) - An Amtrak passenger train with more than 200 passengers on board derailed in north Philadelphia on Tuesday night, killing at least five people and injuring more than 50 others, several of them critically, authorities said. Authorities said they had no idea what caused the train wreck, which left some demolished rail cars strewn upside down and on their sides in the city's Port Richmond neighborhood along the Delaware River. Philadelphia Mayor Michael Nutter confirmed at a news conference that at least five people were killed in the accident. "I've never seen anything like this in my life." Amtrak said there were 238 passengers and five crew members aboard the derailed No. 188 train on route from Washington, D.C., to New York.

Harriet Tubman wins poll to replace Andrew Jackson on $20 bill

Tue, 05/12/2015 - 18:07
Twenty-dollar bills could soon be known as "Tubmans" if a grassroots campaign succeeds in persuading President Barack Obama to remove Andrew Jackson's portrait from circulation on U.S. paper currency in favor of a famous woman in U.S. history. Harriet Tubman, an escaped slave, abolitionist and "conductor" on the so-called Underground Railroad that helped slaves escape to freedom during the 1850s, was the overwhelming choice to replace Old Hickory on the $20 note, an online poll showed on Tuesday. More than 118,000 of the 609,000 people surveyed for the "Women on 20s" petition picked Tubman to be the face of the popular U.S. currency denomination, followed by former first lady and U.N. ambassador Eleanor Roosevelt, civil rights hero Rosa Parks and Wilma Mankiller, the first female chief of the Cherokee Nation. “Our work won’t be done until we’re holding a Harriet $20 bill in our hands in time for the centennial of women’s suffrage in 2020," Susan Ades Stone, executive director of the group Women on 20s, said in a statement.

Wisconsin officer will not face charges in killing of biracial teen

Tue, 05/12/2015 - 16:28
By Brendan O'Brien MADISON, Wis. (Reuters) - A Wisconsin police officer who fatally shot an unarmed biracial teenager in March, prompting several days of peaceful protests, will not be charged, a prosecutor said on Tuesday. Officer Matt Kenny used justified lethal force in the March 6 shooting of Tony Robinson, 19, who struck the 12-year police veteran in the head, Dane County District Attorney Ismael Ozanne said. "I conclude that this tragic and unfortunate death was the result of a lawful use of deadly police force and that no charges should be brought against officer Kenny," Ozanne said in a 25-minute statement, during which he repeatedly mopped his face. The shooting in Madison, Wisconsin's capital, was one of a number of officer-involved deaths that have led to increased scrutiny of police use of force in the United States, particularly against young black men.

Navy SEAL who says he killed bin Laden refutes Hersh account

Tue, 05/12/2015 - 14:20

The former member of the U.S. Navy SEAL “Team Six” who says he killed Osama bin Laden has joined the chorus of critics refuting Seymour Hersh’s controversial report challenging the White House account of the 2011 operation.

Obama targets hedge funds in personal remarks on poverty, race

Tue, 05/12/2015 - 13:26

By Jeff Mason WASHINGTON (Reuters) - President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. "The top 25 hedge fund managers made more than all the kindergarten teachers in the country," Obama said at a panel discussion on poverty at Georgetown University. He advocated for a higher tax rate on the fees that hedge fund managers collect. "If we can’t ask from society’s lottery winners to just make that modest investment, then, really, this conversation is for show." With police shootings of unarmed black men in the news and roughly a year and a half left in the White House to shape his legacy, Obama and his wife, Michelle, have become increasingly open in their remarks about race.

Prosecutor: No charges against Wis. officer in fatal shooting of unarmed teen

Tue, 05/12/2015 - 12:59

MADISON, Wis. (AP) — A white Wisconsin police officer won't face criminal charges for fatally shooting an unarmed 19-year-old biracial man who witnesses say was acting erratically and had assaulted two people, a prosecutor announced Tuesday.

Senate Democrats block action on Obama's trade agenda

Tue, 05/12/2015 - 11:03

WASHINGTON (AP) — Senate Democrats have dealt President Barack Obama a stinging setback on trade by blocking efforts to begin full-blown debate on his initiatives.

US Marine helicopter missing in Nepal earthquake aid mission

Tue, 05/12/2015 - 10:48
WASHINGTON (AP) — A U.S. military helicopter carrying six Marines and two Nepalese Army soldiers went missing during a mission in Nepal delivering aid to earthquake victims, U.S. defense officials said Tuesday, but so far there have been no indications that the aircraft crashed.

Camp David summit to show Obama Gulf's generational shift

Tue, 05/12/2015 - 07:47

By Angus McDowall and William Maclean RIYADH/DUBAI (Reuters) - The new generation of Gulf Arab leaders meeting U.S. President Barack Obama on Wednesday appear more assertive than their fathers, want a range of alliances instead of dependence on Washington, and may be readier to say 'no' to their main ally. Saudi Arabia's King Salman, 79, caused a stir this week when he said he would send his two heirs to the United States for the summit instead, raising fears about Gulf anger over U.S. policy and reluctance to bless its plans for an Iran nuclear deal. Kuwait's 85-year-old emir is the only member of the old guard of Gulf Cooperation Council (GCC) leaders attending Camp David, although Qatar's emir, who has ruled for less than two years, will also be there.

Christie: Obama, Fed have worsened U.S. inequality

Tue, 05/12/2015 - 06:07

Potential Republican presidential candidate Chris Christie on Tuesday sharply criticized the policies of President Barack Obama and the Federal Reserve, saying they had widened the gulf between the rich and poor in the United States. The governor of New Jersey, Christie said Obama's failure to curb spending and his regulatory policies had led to stagnant growth. While middle-class families struggled, the Fed's "easy money" policies had boosted stock prices and helped the rich acquire even more wealth, he said.

Verizon & AOL: An inevitable match

Tue, 05/12/2015 - 06:07

Perhaps it was inevitable that Verizon would buy AOL, and not just because the telco company is looking to push into content, mobile and video, and AOL—a frequently mentioned takeover target—offers just that.

Verizon barges into online video, buying AOL for $4.4B

Tue, 05/12/2015 - 04:57

NEW YORK (AP) — Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields.

Tom Brokaw talks cancer diagnosis and his 'Lucky Life Interrupted'

Tue, 05/12/2015 - 02:30

In a live stream at 3 p.m. ET today, Yahoo global anchor Katie Couric joins former news anchor Tom Brokaw to discuss his new book, his battle with cancer, and the changing landscape of journalism.

Obama's war of words over trade deal puts pressure on Clinton

Tue, 05/12/2015 - 02:19

President Barack Obama’s decision to escalate his fight with the Elizabeth Warren wing of the Democratic Party over a free trade deal with Asia is unwelcome news for Hillary Clinton.