| Photography pioneer Kodak files for bankruptcy | Photography pioneer Kodak files for bankruptcy
(Reuters) - Eastman Kodak Co, the photography icon that invented the hand-held camera, has filed for bankruptcy protection and plans to shrink significantly after a prolonged plunge for one of America's best-known companies.
The Chapter 11 filing may give Kodak, which traces its roots to 1880, the ability to find buyers for some of its 1,100 digital patents, a major portion of its value.
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| Ex-Wife:Gingrich Lacks Moral Character to Be President, | Exclusive: Gingrich Lacks Moral Character to Be President, Ex-Wife Says
Newt Gingrich lacks the moral character to serve as President, his second ex-wife Marianne told ABC News, saying his campaign positions on the sanctity of marriage and the importance of family values do not square with what she saw during their 18 years of marriage.
In her first television interview since the 1999 divorce, to be broadcast tonight on Nightline, Marianne Gingrich, a self-described conservative Republican, said she is coming forward now so voters can know what she knows about ... Read More >> |
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| European stocks fall, euro rebounds | European stocks fall, euro rebounds
European stock markets fell Monday while the euro rebounded from fresh 16-month lows against the dollar as dealers brushed off vows by France and Germany to speed up measures to ease the eurozone crisis.
German Chancellor Angela Merkel hosted French President Nicolas Sarkozy, kicking off a week of high-level talks to lay the groundwork for the first EU summit of the year.
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| Last US troops leave Iraq as war ends | Last US troops leave Iraq as war ends
KHABARI CROSSING, Kuwait (AP) — The last U.S. soldiers rolled out of Iraq across the border into neighboring Kuwait at daybreak Sunday, whooping, fist bumping and hugging each other in a burst of joy and relief. Their convoy's exit marked the end of a bitterly divisive war that raged for nearly nine years and left Iraq shattered, with troubling questions lingering over whether the Arab nation will remain a steadfast U.S. ally.
The mission cost nearly 4,500 American ... Read More >> |
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| ECB downplays its role as EU seeks crisis deal | ECB downplays its role as EU seeks crisis deal
FRANKFURT/MARSEILLE, France (Reuters) - The European Central Bank acted to soften a looming recession and avert a credit crunch by cutting interest rates and offering banks long-term funds on Thursday but doused hopes of dramatic crisis-fighting action in the euro area.
ECB President Mario Draghi discouraged expectations that the bank would massively step up buying of government bonds if European Union leaders agree on moves towards closer fiscal union at a crucial Brussels summit.
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| Remains of 274 US troops dumped in landfill: report | Remains of 274 US troops dumped in landfill: report
The US Air Force dumped the cremated, partial remains of at least 274 troops in a landfill before halting the secretive practice in 2008, the Washington Post reported Thursday.
The procedure was never formally authorized or disclosed to senior Pentagon officials, who conducted a review of the cremation policies of Dover Air Base -- the main point of entry for US war dead -- in 2008, the Post said.
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| Nato braces for reprisals after deadly air strike on Pakistan border post | Nato braces for reprisals after deadly air strike on Pakistan border post
Nato forces in Afghanistan are bracing for possible reprisals from Pakistani-backed insurgents following the coalition air strike along the border that killed 24 Pakistani soldiers.
Senior officers from the Nato-led International Security Assistance Force (Isaf), were scrambling to resume contacts with their Pakistani counterparts in the hopes of setting up a joint investigation into the incident.
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| Wall Street Pay Could Drop Nearly a Third This Year | Wall Street Pay Could Drop Nearly a Third This Year
Put out a cookie for your favorite Wall Street banker along with Santa's this Christmas Eve, because the sour economy is playing Grinch on financial-sector employees. "Employees at big Wall Street firms could see annual compensation sink 27 percent to 30 percent from a year earlier to the lowest level since the 2008 financial crisis," reports The Wall Street Journal. Options Group, "an executive search and consulting firm," says that holiday bonuses are bearing the brunt of ... Read More >> |
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| Jobless rate keeps falling in San Diego | Jobless rate keeps falling in San Diego
San Diego continued to chip away at its jobless rate in October, while adding new jobs at nearly twice the annual pace for the nation.
The jobless rate in the San Diego County was 9.7 percent in October, slipping from a revised 9.8 percent in September.
On a seasonally adjusted basis, the county added 5,200 jobs last month, including 1,100 in scientific, technical and professional services. In addition, employers hired 3,000 more temporary workers, which economists say could be a sign ... Read More >> |
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| EMI Group sold as two separate pieces to Universal Music and Sony | EMI Group sold as two separate pieces to Universal Music and Sony
The century-old EMI Group music company has been split in two and sold for $4.1 billion to Universal Music Group and Sony Corp. The absorption of the music giant leaves only three major record companies in control of an eroding industry.
The deal announced Friday calls for Universal to acquire EMI's recorded music division from EMI parent company Citigroup Inc. for $1.9 billion, and Sony to acquire the smaller but more lucrative music publishing business for $2.2 billion.
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| Cost, need questioned in $433-million smallpox drug deal | Cost, need questioned in $433-million smallpox drug deal
Reporting from Washington—Over the last year, the Obama administration has aggressively pushed a $433-million plan to buy an experimental smallpox drug, despite uncertainty over whether it is needed or will work.
Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world's richest men and a longtime Democratic Party donor.
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| Freddie Mac reports Q3 loss, asks for $6B in aid | Freddie Mac reports Q3 loss, asks for $6B in aid
WASHINGTON (AP) — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter.
Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. That compares with a loss of $4.1 billion, or $1.25 a share, in the same quarter of 2010.
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| House subpoenas WH for Solyndra documents | House subpoenas White House for Solyndra documents
Showing a growing frustration with the the Obama administration, congressional Republicans on Thursday authorized their second subpoena this week, demanding White House documents related to failed solar technology company Solyndra.
By a 14-9 party-line vote the Energy and Commerce Committee’s investigative subcommittee authorized issuing a subpoena for any White House documents related to Solyndra, which received renewable energy loan guarantees under President Obama’s stimulus ... Read More >> |
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| Controversial talk canceled as hotel fears head-bashing | Controversial talk canceled as hotel fears head-bashing
For the second time in less than a week, a major U.S. hotel has canceled an agreement to host an event on radical Islam's threat to America's freedoms, due to threatening messages to management.
The Preserving Freedom Conference, scheduled for Nov. 11 at the top-rated Hutton Hotel in Nashville, Tenn., features Robert Spencer, author and director of Jihad Watch, and Pamela Geller, a WND columnist, editor of the blog Atlas Shrugs and author of the book "Stop the Islamization of America: ... Read More >> |
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| Obama freezes local reporters out of S.F. event | Obama freezes local reporters out of S.F. event
President Obama is scheduled to appear before hundreds of donors at a $7,500-a-plate noontime fundraiser today at San Francisco's W Hotel - but not a single local reporter will be allowed inside to cover his only stop in the area, the White House said Monday.
Coverage instead is being restricted to a small pool of Washington-based reporters - a move that is a sharp departure from the practices of past administrations, political observers said.
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| Government Orders Google to Turn Over WikiLeaks Info | Government Orders Google to Turn Over WikiLeaks Info
Google and a smaller Internet provider are being forced by the federal government to turn over information from email accounts associated with a WikiLeaks volunteer.
A secret court order will require the Mountain View-based search company and Santa Rosa-based Sonic.net to provide data from the email accounts of Jacob Appelbaum, who was a volunteer for the controversial site WikiLeaks.
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| Occupy Wall Street... mansions | Occupy Wall Street... mansions
NEW YORK (CNNMoney) -- Occupy Wall Street is on the move ... uptown.
Why uptown? Because that's where the rich folks live!
Organizers are planning a march on Tuesday that will visit the homes of JP Morgan Chase (JPM, Fortune 500) CEO Jamie Dimon, billionaire David Koch, hedge fund honcho John Paulson, Howard Milstein, and News Corp (NWSA, Fortune 500) CEO Rupert Murdoch.
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| Senate blocks emergency disaster money | Senate blocks emergency disaster money
Calling for a weekend to “cool off,” Senate Majority Leader Harry Reid set up a Monday vote on replenishing the almost-empty federal disaster relief accounts as all sides race to beat a deadline to keep money money flowing to disaster-stricken states and to keep the federal government at large running.
“Cool off a little bit. Work this through. There’s a compromise here,” Mr. Reid said Friday, minutes after the Senate blocked back a bill drafted by House Republ ... Read More >> |
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| Earnings calls wake up to Wall Street pain | Earnings calls wake up to Wall Street pain
NEW YORK (Reuters) - Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
Intense fear that global debt issues and stagnant growth cannot be resolved has pummeled market confidence in the past couple of months.
Earnings have been one of the market's few positives, coming in strong despite economic woes.
But analysts now are toning down double-digit growth targets for the rest of this year ... Read More >> |
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| Global economy pushed to the brink | Global economy pushed to the brink
Time is running out to find a solution to the eurozone crisis and prevent another global recession, finance ministers warned on Friday, as they hinted that discussions were under way to boost the firepower of European rescue funds.
Financial markets experienced another day of intense volatility as investors struggled to interpret an emergency statement from the Group of 20 leading economies, which met on the sidelines of the International Monetary Fund and World Bank meetings in Washington. ... Read More >> |
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| Blackface Obama billboard sparks outrage | Blackface Obama billboard sparks outrage
“Ick bin ein Obama (I am an Obama),” reads the poster at Berlin’s central Ernst Reuter Platz square, in an apparent play on John F. Kennedy’s famous “Ich bin ein Berliner” speech. On the poster, a "black" Sonneborn smiles as he raises his arm in the air.
The billboard is the latest in Sonneborn’s campaign for his satirical political party Die Partei ahead of state elections in Berlin this Sunday. It’s meant to make fun of the entire ... Read More >> |
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| Air race crash in Nevada | 3 dead, more than 50 hurt in Nev. air race crash
RENO, Nev. (AP) -- As thousands watched in horror, a World War II-era fighter plane competing in a Nevada event described as a car race in the sky suddenly pitched upward, rolled and did a nose-dive toward the crowded grandstand.
The plane, flown by a 74-year-old veteran Hollywood stunt pilot, then slammed into the concrete in a section of VIP box seats and blew to pieces in front the pilot's family and a tight-knit group of friends who attend the annual event in Reno.
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| Obama Jobs Creation Package Could Easily Top $300 Billion | Obama Jobs Creation Package Could Easily Top $300 Billion
WASHINGTON – President Obama is expected to propose at least $300 billion in federal spending and tax cuts Thursday night to get Americans working again, including several items already suggested -- like a payroll tax cut extension through 2012 that would be worth about $110 billion.
Obama will lay out his plans during an early prime-time speech at 7 p.m. ET, scheduled to precede the Green Bay Packers-New Orleans Saints regular season opener. Republicans, who assailed some of th ... Read More >> |
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| With Obama Speech Over, Battle Begins Over Price Tag of $450 Billion Jobs Plan | With Obama Speech Over, Battle Begins Over Price Tag of $450 Billion Jobs Plan
With one of the most anticipated speeches of his presidency in the rear-view mirror, President Obama now faces what Republicans already have signaled will be an uphill battle getting his jobs plan passed.
Obama outlined the $450 billion plan's mix of tax cuts, tax credits, infrastructure investments and other measures in his speech Thursday night to Congress, urging lawmakers repeatedly to pass it "right away" to help put millions of Americans back to work.
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| Labor Dept. Will Enforce Federal Wage Laws | Labor Dept. Will Enforce Federal Wage Laws on Behalf of Illegal Workers
In a written statement to CNSNews.com Wednesday, the U.S. Department of Labor confirmed that it will enforce federal wage laws on behalf of anyone working in the U.S. “regardless of their immigration status.”
According to the report, the department’s written statement corroborated an earlier comment made by Labor Secretary Hilda Solis. Responding to a question by CNS Monday, Solis spoke of “partnership” agreements she had allegedly signed with several Latin Ame ... Read More >> |
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| Bank of America Plagued by Financial Woes | Bank of America Plagued by Financial Woes
Jan. 11, 2008: an important date for any American concerned about the federal government’s bailout of the banks under the Troubled Asset Relief Program (TARP). Jan. 11 was the day that Bank of America (BofA), the recipient of literarily billions of dollars in bailout money (which they have repaid), acquired Countrywide Financial. The purchase was originally expected to cost them $4 billion, entirely in stock, and was supposed to cement their position as the nation’s top mortgage le ... Read More >> |
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| Verdict! Christians convict pastor for 'giving out Bibles' | Verdict! Christians convict pastor for 'giving out Bibles'
The pastor of a Wichita, Kan., church who has been vocal in speaking out on homosexuality on public streets, the influence of abortion interests in his state and other biblical issues says he has been convicted on charges relating to his decision to hand out Bibles at a Muslim mosque – in a courtroom staffed and filled with Christians.
The counts against Pastor Mark Holick of Spirit One Christian Center, known as the church "without walls," technically were two counts of loi ... Read More >> |
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| Perfect Storm of Hype | Perfect Storm of Hype: Politicians, the media and the Hurricane Irene apocalypse that never was
For the television reporter, clad in his red cagoule emblazoned with the CNN logo, it was a dramatic on-air moment, broadcasting live from Long Island, New York during a hurricane that also threatened Manhattan.
“We are in, right, now…the right eye wall, no doubt about that…there you see the surf,” he said breathlessly. “That tells a story right there.”
Stumbling and apparently buffeted by ferocious gusts, he took shelter next to a building. “T ... Read More >> |
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| Oil falls on concern about German economy | Oil falls on concern about German economy NEW YORK (AP) — Oil fell Tuesday on concerns about Europe's biggest economy.
Benchmark West Texas Intermediate crude for September delivery gave up 64 cents at $87.23 per barrel in midday trading on the New York Mercantile Exchange.
Brent crude, which is used to price many international oil varieties, fell 26 cents to $109.58 per barrel on the ICE Futures exchange in London.
Oil dropped early in the day after Germany said its economy nearly ground to a halt in the second quarter, ... Read More >> |
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| Overseas strength lifts Wal-Mart 2Q profit 5.7 pct | Overseas strength lifts Wal-Mart 2Q profit 5.7 pct
NEW YORK (AP) — Wal-Mart Stores Inc. posted a second-quarter profit increase of 5.7 percent on Tuesday and raised its outlook for the year as it benefits from international sales growth and cost cutting measures. But the world's largest retailer was unable to stop a two-year sales slump at its Walmart stores in the U.S as customers continued to grapple with job security and other economic woes.
While its international business has consistently been strong, Wal-Mart's U.S. operations h ... Read More >> |
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| US stocks fall on global economic worries | US stocks fall on global economic worries
NEW YORK (AP) — Stocks are falling as more evidence points to a slowing global economy.
Germany's economy stalled last quarter and dragged down growth for Europe. In the U.S., reports are painting a mixed economic picture: Housing remains weak, but industrial production rose last month.
The economic worries are overshadowing strong profit reports. Investors also are waiting to see if the leaders of France and Germany offer any plans to help Europe's debt problems after their meetin ... Read More >> |
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| Obama grapples for an economic fix | In the Midwest, Obama grapples for an economic fix and a political narrative
Barack Obama hit the road Monday for his three-day Midwestern bus tour toting an array of political baggage: a downgraded national credit rating, a faltering economy, a stretch of wild market vicissitudes, an approval rating that by one measure has slumped to a historical low of 39%. Those problems seemed to vanish on the flight to St. Paul. At a picturesque town hall in the hamlet of Cannon Falls, Minn., the casually dressed President slipped out of the professorial tone that marked his appea ... Read More >> |
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| SEAL Team 6 | Deaths of SEAL Team 6 Exposed
Associated Press sources are reporting a statistically impossible tragedy for U.S. forces in Afghanistan– that of the 38 NATO forces killed in a helicopter crash Friday night, “more than 20″ were members of SEAL Team 6, the covert unit that took credit for killing Osama bin Laden in May.
Mainstream sources are seizing upon claims that the Taliban took credit for downing the helicopter, but that means nothing. Media instantly ran reports that al Qaeda was responsiblefor the ... Read More >> |
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| August 8: Obama's Birth Certificate Review | Atty. Orly Taitz to Serve Court Subpoena at Hawaii Department of Health on Aug. 8
(Aug. 6, 2011) — Dr. and Atty. Orly Taitz, whose lawsuit Taitz v. Astrue alleges that Barack Hussein Obama is using a stolen social security number, will be at the Hawaii Department of Health on Monday, August 8, 2011, at 10:00 a.m. local time to inspect the document which the Health Department allegedly has on file for Obama.
The Post & Email published an exclusive report regarding the serving of the subpoena from the U.S. District Court in Honolulu on July 5, 2011.
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| Solar Storms Set to Hit Earth | Power companies prepare as solar storms set to hit Earth
NEW YORK (Reuters) – Three large explosions from the Sun over the past few days have prompted U.S. government scientists to caution users of satellite, telecommunications and electric equipment to prepare for possible disruptions over the next few days.
"The magnetic storm that is soon to develop probably will be in the moderate to strong level," said Joseph Kunches, a space weather scientist at the Space Weather Prediction Center, a division of the U.S. National Oceanic and ... Read More >> |
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| S&P Explains Downgrade | S&P's Beers says risks on downside for future U.S. rating
WASHINGTON (Reuters) – The head of Standard & Poor's sovereign ratings, David Beers told "Fox News Sunday" he did not expect "that much impact" when global markets open on Monday due to what he called a "mild deterioration" in the U.S. credit standing to AA-plus from top-tier AAA.
Asked about the prospects for a further lowering of the U.S. rating, Beers said, the agency's negative outlook meant that "risks are on the downside."
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| Central Planners Meets Capital Markets | G7 Preparing Statement To Support Dollar, EU, In Fact Everything That Would Otherwise Collapse....
Just out from Bloomberg: Finance ministers and central bankers are preparing a statement to release before the open of Asian markets, the Nikkei newspaper reported, without citing anyone. Japan may intervene in currency market if dollar falls.
G-7 finance ministers, central bankers expected to express confidence in dollar, pledge liquidity. U.S. to explain fiscal rebuilding efforts.” [so no more sniping at S&P and actually doing its job eh?] “Japan to express intention to ma ... Read More >> |
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