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Last Updated 5/22/2013 7:04:19 PM EST


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What's next for the immigration bill?

What's next for immigration reform bill?It seeks to legalize most of the country's 11 million unauthorized residents.




Sources: Florida man shot by FBI about to confess

Florida Man Shot by FBI Was About to Sign Boston Murder Confession: OfficialsIbragim Todashev was linked to bombing suspect Tamerlan Tsarnaev and an unsolved triple murder.




Holder: U.S. killed four Americans overseas in drone strikes

FILE - In this May 15, 2013, file photo, Attorney General Eric Holder gestures while testifying on Capitol Hill in Washington. Four American citizens have been killed in drone strikes since 2009, Attorney General Eric Holder said Wednesday, May 22, 2013. Holder said that in conducting U.S. counterterrorism operations against al-Qaida and its associated forces, the government has targeted and killed one American citizen, Anwar al-Awlaki. Al-Awlaki, a radical Muslim cleric, was killed in a drone strike in September 2011 in Yemen. The administration released the information the day before President Barack Obama is scheduled to make a major speech on national security. (AP Photo/Carolyn Kaster, File)Attorney General Eric Holder informed Congress on Wednesday that the U.S. had killed four Americans in drone strikes since 2009 – radical cleric Anwar al-Awlaki and three others who were “not specifically targeted.”




Cruise industry adopts passenger bill of rights

Couple Missing From Carnival Cruise ShipIt promises full refunds for trips that are canceled due to mechanical failure.




Jodi Arias jury deadlocked in penalty phase

Judge Sherry Stephens urges the jury to continue deliberating after the jury delivered a message that they are deadlocked on a penalty for Jodi Arias on Wednesday, May 22, 2013 during the penalty phase of her murder trial at Maricopa County Superior Court in Phoenix. Arias was convicted of first-degree murder in the stabbing and shooting to death of Travis Alexander. (AP Photo/The Arizona Republic, Rob Schumacher, Pool)The judge sends jurors back to deliberations to work through their differences.




Faith healers charged with murder after second son's death

FILE - This undated photo combination provided by the Philadelphia Police Department shows Herbert and Catherine Schaible. Philadelphia District Attorney Seth Williams announced in a Wednesday, May 22, 2013 news conference that Herbert and Catherine Schaible who believe in faith healing over medicine have been charged with murder after a second child died of pneumonia. (AP Photo/Philadelphia Police Department)




Police recover backpacks of two kidnapped girls

This photo provided by The Iowa Department of Public Safety shows Kathlynn Shepard, 15. Authorities said Tuesday, May 21, 2013, a man suspected of abducting Shepard and a 12-year-old girl from a bus stop in central Iowa has been found dead, but a search continues for Shepard. Authorities said the 12-year-old girl was able to escape and ran to a nearby rural residence for help. (AP Photo/Iowa Department of Public Safety)Investigators continue to search for a 15-year-old Iowa girl abducted this week.




House subcommittee moves to curb military sexual assaults

FILE - In this June 2, 2012 file photo, House Armed Services Committee member Rep. Niki Tsongas, D-Mass. speaks in Springfield, Mass. Determined to check the growing epidemic of sexual assaults in the armed forces, a House panel is poised to approve a series of revisions to longstanding military law. They include stripping commanding officers of their unilateral authority to change or dismiss a court-martial conviction and requiring that service members found guilty of sexual offenses be dismissed or dishonorably discharged. (AP Photo/Michael Dwyer, File)The panel considers a change that may encourage more victims to step forward.




Attorney accuses Donald Trump of lying on witness stand

FILE - In this May 14, 2013 file photo, Donald Trump arrives at federal court n Chicago to testify at a civil trial where he's accused of enticing investors to buy condos at his Chicago skyscraper with promises of profit-sharing, then quietly reneging on them. On Monday, May 20, 2013, Jacqueline Goldberg, 87, who alleges Trump cheated her in a bait-and-switch scheme has told jurors she had qualms about suing the developer-turned-TV star given his power and influence. (AP Photo/M. Spencer Green, File)CHICAGO (AP) — The attorney for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told Chicago jurors on Wednesday that he was personally repulsed by the "Apprentice" star whom he said lied on the witness stand.




Russian punk band member goes on hunger strike

Jailed Pussy Riot punk rock group member Alyokhina is seen on a monitor inside the courtroom during a hearing in BereznikiBy Catherine Koppel Berezniki, Russia (Reuters) - A member of the Pussy Riot band who was jailed over a protest against President Vladimir Putin in a Russian cathedral said on Wednesday she was starting a hunger strike after she was barred from a parole hearing. Maria Alyokhina also told her lawyers to quit the proceedings. ...





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Yahoo! News - Latest News & Headlines

Copyright (c) 2013 Yahoo! Inc. All rights reserved

What's next for the immigration bill?

What's next for immigration reform bill?It seeks to legalize most of the country's 11 million unauthorized residents.




Sources: Florida man shot by FBI about to confess

Florida Man Shot by FBI Was About to Sign Boston Murder Confession: OfficialsIbragim Todashev was linked to bombing suspect Tamerlan Tsarnaev and an unsolved triple murder.




Holder: U.S. killed four Americans overseas in drone strikes

FILE - In this May 15, 2013, file photo, Attorney General Eric Holder gestures while testifying on Capitol Hill in Washington. Four American citizens have been killed in drone strikes since 2009, Attorney General Eric Holder said Wednesday, May 22, 2013. Holder said that in conducting U.S. counterterrorism operations against al-Qaida and its associated forces, the government has targeted and killed one American citizen, Anwar al-Awlaki. Al-Awlaki, a radical Muslim cleric, was killed in a drone strike in September 2011 in Yemen. The administration released the information the day before President Barack Obama is scheduled to make a major speech on national security. (AP Photo/Carolyn Kaster, File)Attorney General Eric Holder informed Congress on Wednesday that the U.S. had killed four Americans in drone strikes since 2009 – radical cleric Anwar al-Awlaki and three others who were “not specifically targeted.”




Cruise industry adopts passenger bill of rights

Couple Missing From Carnival Cruise ShipIt promises full refunds for trips that are canceled due to mechanical failure.




Jodi Arias jury deadlocked in penalty phase

Judge Sherry Stephens urges the jury to continue deliberating after the jury delivered a message that they are deadlocked on a penalty for Jodi Arias on Wednesday, May 22, 2013 during the penalty phase of her murder trial at Maricopa County Superior Court in Phoenix. Arias was convicted of first-degree murder in the stabbing and shooting to death of Travis Alexander. (AP Photo/The Arizona Republic, Rob Schumacher, Pool)The judge sends jurors back to deliberations to work through their differences.




Faith healers charged with murder after second son's death

FILE - This undated photo combination provided by the Philadelphia Police Department shows Herbert and Catherine Schaible. Philadelphia District Attorney Seth Williams announced in a Wednesday, May 22, 2013 news conference that Herbert and Catherine Schaible who believe in faith healing over medicine have been charged with murder after a second child died of pneumonia. (AP Photo/Philadelphia Police Department)




Police recover backpacks of two kidnapped girls

This photo provided by The Iowa Department of Public Safety shows Kathlynn Shepard, 15. Authorities said Tuesday, May 21, 2013, a man suspected of abducting Shepard and a 12-year-old girl from a bus stop in central Iowa has been found dead, but a search continues for Shepard. Authorities said the 12-year-old girl was able to escape and ran to a nearby rural residence for help. (AP Photo/Iowa Department of Public Safety)Investigators continue to search for a 15-year-old Iowa girl abducted this week.




House subcommittee moves to curb military sexual assaults

FILE - In this June 2, 2012 file photo, House Armed Services Committee member Rep. Niki Tsongas, D-Mass. speaks in Springfield, Mass. Determined to check the growing epidemic of sexual assaults in the armed forces, a House panel is poised to approve a series of revisions to longstanding military law. They include stripping commanding officers of their unilateral authority to change or dismiss a court-martial conviction and requiring that service members found guilty of sexual offenses be dismissed or dishonorably discharged. (AP Photo/Michael Dwyer, File)The panel considers a change that may encourage more victims to step forward.




Attorney accuses Donald Trump of lying on witness stand

FILE - In this May 14, 2013 file photo, Donald Trump arrives at federal court n Chicago to testify at a civil trial where he's accused of enticing investors to buy condos at his Chicago skyscraper with promises of profit-sharing, then quietly reneging on them. On Monday, May 20, 2013, Jacqueline Goldberg, 87, who alleges Trump cheated her in a bait-and-switch scheme has told jurors she had qualms about suing the developer-turned-TV star given his power and influence. (AP Photo/M. Spencer Green, File)CHICAGO (AP) — The attorney for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told Chicago jurors on Wednesday that he was personally repulsed by the "Apprentice" star whom he said lied on the witness stand.




Russian punk band member goes on hunger strike

Jailed Pussy Riot punk rock group member Alyokhina is seen on a monitor inside the courtroom during a hearing in BereznikiBy Catherine Koppel Berezniki, Russia (Reuters) - A member of the Pussy Riot band who was jailed over a protest against President Vladimir Putin in a Russian cathedral said on Wednesday she was starting a hunger strike after she was barred from a parole hearing. Maria Alyokhina also told her lawyers to quit the proceedings. ...





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The Economy from CNNMoney.com

Economic news - CNNMoney.com

© 2013 Cable News Network LP, LLLP.

Home sales continue to climb
Home sales and home prices continue to show strength of housing recovery in latest reading.

CNNMoney's Economy Now blog


Bernanke warns against hitting the brakes too soon
Read full story for latest details.

Europe steps up fight against tax cheats
European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the EU and accelerate initiatives to tackle abuse by companies.

Say what!? The economy should be "playing baseball"
When Bernanke talks before Congress, the metaphors get colorful -- and mangled.

Memorial Day travel to dip this year
Read full story for latest details.

U.K. can do more to boost economy: IMF
The International Monetary Fund tells U.K. to increase spending on infrastructure and cut some corporate taxes to shore up its fragile economic recovery.

How Apple scores its lower tax bill
Apple pays a lot in taxes to the U.S. government. But many tax experts and lawmakers say Apple's tax bill would be bigger if the company didn't take advantage of so many loopholes in the tax code.

Pet shelters & tractors: Companies kick in tornado relief
Businesses in Oklahoma City are offering heavy equipment, free lodging and other services to assist with the tornado relief efforts.

Medicare: $15,000 for one hospital, $26,000 for another
Why Medicare payment rates vary wildly, even for the same procedure at hospitals in the same area.


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Science News:

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Copyright (c) 2013 Yahoo! Inc. All rights reserved

National Weather Service gets big computing boost

NOAA's GOES-13 satellite image shows two low pressure systems that came together and formed a giant nor'easter centered right over New EnglandBy Tom Brown MIAMI (Reuters) - The U.S. National Weather Service is getting a quantum jump in computing power that will significantly improve its forecasting and storm tracking abilities to better protect the country from severe weather. "This is a game changer," Louis Uccellini, who took over as director of the National Weather Service in February, told Reuters in an interview, calling it "the biggest increase in operational capacity that we've ever had. ...




Rocket blasts off from Florida carrying new GPS satellite
By Irene Klotz CAPE CANAVERAL, Florida (Reuters) - An unmanned Atlas rocket blasted off from Cape Canaveral Air Force Station on Wednesday to deliver an upgraded global positioning system satellite into orbit. The 189-foot (58-meter) tall rocket, built and launched by United Launch Alliance, a partnership of Boeing and Lockheed Martin, soared into blue skies over Florida's east coast at 5:38 p.m. EDT. ...

NASA telescope's planet-hunting days may be over

Tourists take pictures of a NASA sign at the Kennedy Space Center visitors complex in Cape Canaveral, FloridaBy Irene Klotz CAPE CANAVERAL, Florida (Reuters) - NASA's first telescope dispatched to hunt for Earth-like planets that may support life elsewhere in the universe has lost use of its positioning system, threatening its mission, officials said on Wednesday. Launched in 2009, the Kepler space telescope revolutionized the study of so-called exoplanets, with discovery of 130 worlds orbiting distant stars and 2,700 potential planets still awaiting confirmation. ...




Scientists create human stem cells through cloning

Handout photo showing the extraction of the nucleus from an egg cellBy Sharon Begley NEW YORK (Reuters) - After more than 15 years of failures by scientists around the world and one outright fraud, biologists have finally created human stem cells by the same technique that produced Dolly the cloned sheep in 1996: They transplanted genetic material from an adult cell into an egg whose own DNA had been removed. The result is a harvest of human embryonic stem cells, the seemingly magic cells capable of morphing into any of the 200-plus kinds that make up a person. ...




China says EU solar duties to "seriously harm" trade ties
BEIJING (Reuters) - China warned the European Union on Thursday that imposing duties on Chinese solar panels would "seriously harm" bilateral trade ties, upping the tone of its criticism a week after the EU said it would move ahead with hefty penalties in June. The European Commission has agreed to impose average import duties of 47 percent on solar panels from China, according to officials, a move they say is to guard against the dumping of cheap goods in Europe. China's Ministry of Commerce spokesman Shen Danyang said he hoped reports about the duties were unreliable. ...

Dogs Bring Swarm of Bacteria Into Your Home

Dogs Bring Swarm of Bacteria Into Your HomeYour loyal pooch may be bringing a whole world of bacteria into your home — but don't panic. Research suggests that exposure to a wide variety of microbes may be good for us.




Baby's Life Saved with 3D Printing

Baby's Life Saved with 3D PrintingWhen April and Bryan Gionfriddo brought home their newborn son, Kaiba, in October 2011, he seemed like a healthy baby. But one night, when the family was out to dinner, Kaiba stopped being able to breathe and turned blue. Bryan laid Kaiba, just 6 weeks old, on the restaurant table and performed chest compressions on him before he was rushed to the hospital.




New Cave-Dwelling Scorpion Species Discovered

New Cave-Dwelling Scorpion Species DiscoveredTwo new species of short-tailed whip scorpions have been found living deep inside the cool, humid caves of northeastern Brazil, a study reports.




See Jupiter, Venus and Mercury Dance in Sunset Sky

See Jupiter, Venus and Mercury Dance in Sunset SkyTake a look at the western sky just after sunset this week, and you’ll see an amazing sight: three bright planets in close formation.




Moon Crash Scene Investigation Tonight: See Telescope Views of Meteorite Impact

Moon Crash Scene Investigation Tonight: See Telescope Views of Meteorite ImpactThe lunar crash site from an meteorite strike on the moon is taking center stage in cosmic crime scene investigation and you can see the space rock impact zone online in a free webcast tonight (May 22).





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Politics:

Politics News Headlines - Yahoo! News

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What’s next for the immigration reform bill?
It's been a good week for proponents of immigration reform. The sweeping bill that seeks to legalize most of the country's 11 million unauthorized immigrants was passed by the Senate Judiciary Committee on Tuesday night, after five full days of debate and amendments that did little to significantly change the original compromise. So, what's next [...]

Holder: U.S. killed four Americans overseas in drone strikes since 2009
Attorney General Eric Holder informed Congress on Wednesday that the U.S. has killed four Americans in drone strikes since 2009 – radical cleric Anwar al-Awlaki and three others who were “not specifically targeted.” Holder’s disclosure, first reported by the New York Times, came a day before President Barack Obama was to defend his counter-terrorism strategy [...]

Carney to press: ‘You’re good at your jobs and you’re smart’
Think of it as a sort of reverse birthday gift. After a tense few days in the White House Brady Press Briefing Room as the Internal Revenue Service scandal, Benghazi emails and the Justice Department's secret seizure of journalists' phone records put White House press secretary Jay Carney on defense, he decided to strike a [...]

IRS official Lois Lerner: ‘I have not done anything wrong’
Lois Lerner, the Internal Revenue Service official in charge of approving applications for tax-exempt status, denied wrongdoing in response to accusations that the IRS targeted conservative organizations seeking nonprofit status for heavier scrutiny between 2010 and 2012. "I have not done anything wrong," Lerner told the House Oversight Committee during a hearing about the IRS' [...]

Anthony Weiner announces he’s running for NYC mayor
Confirming the worst-kept secret in politics, former Rep. Anthony Weiner has announced he’s running for New York City mayor—telling voters that he wants a second chance in politics. "I made some big mistakes, and I know I let a lot of people down, but I also learned some tough lessons," Weiner said in the two-minute [...]

IRS' Lois Lerner Takes Fifth, Shuns Congress

IRS' Lois Lerner Takes Fifth, Shuns CongressLois Lerner, the Internal Revenue Service’s director of  Exempt Organizations who is at the center of the controversy after the agency targeted conservative organizations for gratuitous scrutiny, invoked her Fifth Amendment right against self-incrimination today at a congressional hearing examining the scandal. Lerner quietly took...




IRS 'Blemish' Prompts Scorn From Senators

IRS 'Blemish' Prompts Scorn From SenatorsDouglas Shulman, the former commissioner of the Internal Revenue Service, said today he was “dismayed and saddened” that his agency had improperly targeting conservative groups, but declined to offer a direct apology and dismissed suggestions that he mislead Congress. The testimony from Shulman, who was...




Christie Stars in NJ Tourism Ads, Dems Cry Foul
New Jersey Gov. Chris Christie and his family are starring in television commercials that are part of a publicly funded $25 million tourism campaign to encourage people to visit the Jersey Shore after Superstorm Sandy, but Democrats say they are simply taxpayer-funded campaign ads. The...

GOP Lieutenant Governor Candidate in Va. Compares Planned Parenthood to KKK

GOP Lieutenant Governor Candidate in Va. Compares Planned Parenthood to KKKThis weekend, Virginia Republicans found their candidate for lieutenant governor in E.W. Jackson, a Chesapeake, Va. pastor who has compared Planned Parenthood to the Ku Klux Klan and also suggested that black Americans are being enslaved by the Democratic Party. “It is time to end...




Republicans Informed of IRS Investigation Last Year

Republicans Informed of IRS Investigation Last YearMuch has been made of the fact that senior Treasury Department officials were told about the investigation into the treatment of tea party groups in June 2012 — months before last year’s the Presidential election. Republicans who requested the investigation were also told about it...





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Technology:

Tech News Headlines - Yahoo! News

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Twitter beefs up security after hacking spree on media

An illustration picture shows the logo of the Website Twitter on an Ipad, in BordeauxBy Jim Finkle (Reuters) - Twitter Inc unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The Onion. The micro blogging site, which transmits some 400 million messages a day, said on Wednesday that it had begun rolling out an optional "login verification" service to thwart hackers seeking to hijack accounts with stolen passwords. ...




'Irrational' hackers are growing U.S. security fear

Former Homeland Security Secretary Michael Chertoff attends the Reuters Cyber Summit in Washington in this file photoBy Jim Finkle (Reuters) - Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. A hacking expert who helps companies uncover network vulnerabilities, Moore said he found the sensors last month while analyzing information in huge, publicly available databases of Internet-connected devices. "We know that systems are exposed and vulnerable. ...




HP raises 2013 outlook as Whitman's plan takes hold

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo AltoBy Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after the company projected full-year earnings per share of $3.50 to $3.60, raising the lower end by 10 cents, and fiscal third-quarter profit that topped analyst estimates. ...




New Xbox: What’s Better, What’s Missing
Eight years after the debut of the Xbox 360, Microsoft has announced the Xbox One.

China's Lenovo buys and diversifies to outshine PC rivals

Customers talk to a salesperson about a new laptop at a Lenovo shop in ShanghaiBy Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, is expected on Thursday to post a two-thirds rise in quarterly profit, its fastest in 1-1/2 years, according to analysts' estimates. ...




Ireland says will not be U.S. 'whipping boy' on tax

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of IrelandBy Carmel Crimmins and Padraic Halpin DUBLIN (Reuters) - Ireland's finance minister said the country would not be the "whipping boy" for what he called a flawed U.S. Senate report that said Irish loopholes helped technology giant Apple shrink its tax bill. Ireland has been forced to defend its corporate tax rate after the Senate said on Monday that Apple paid little or no tax on tens of billions of dollars in profits channeled through Irish subsidiaries and that it had negotiated a special corporate tax rate of less than 2 percent. ...




Dish uses national security ads to fight SoftBank deal

The sign in the lobby of the corporate headquarters of Dish Network is seen in the Denver suburb of EnglewoodBy Liana B. Baker (Reuters) - Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer. The campaign, which so far appears on the Internet and in Washington-area newspapers, is Dish's most public lobbying effort yet against Japan-based SoftBank Corp. Dish has been pushing the national security angle hard in Washington. ...




Android App Video Review: Toy Story: Smash It!
Also on Android Apps

HP's 2Q offers hope even as revenue slump deepens

In this Aug. 21, 2012 photo, the Hewlett-Packard Co. logo is seen outside the company's headquarters in Palo Alto, Calif. Hewlett-Packard Co. reports quarterly financial results after the market closes on Wednesday, May 22, 2013. (AP Photo/Paul Sakuma)SAN FRANCISCO (AP) — Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be paying off.




Samsung buys major stake in rival smartphone maker
Samsung has reportedly made a major investment in rival South Korea-based smartphone maker Pantech. Yonhap News was first to report the news and it says Samsung spent roughly $50 million for 10% of the company. Samsung’s motives are unclear, though the deal will reportedly “help further solidify bilateral cooperation in smartphone and other business areas.” Pantech is currently the No.3 phone maker in South Korea behind Samsung and LG, and the new investment makes Samsung the company’s third-largest shareholder behind Qualcomm and Korea Development Bank.


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Business:

Business News Headlines - Yahoo! News

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HP raises 2013 outlook as Whitman's plan takes hold

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo AltoBy Poornima Gupta SAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent, Wall Street had braced for worse. HP shares gained 14 percent after the company projected full-year earnings per share of $3.50 to $3.60, raising the lower end by 10 cents, and fiscal third-quarter profit that topped analyst estimates. ...




Wall Street falters in volatile session on Fed worries

Traders work on the floor at the New York Stock ExchangeBy Angela Moon NEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon. ...




Bernanke says more progress needed before stimulus pullback

Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in WashingtonBy Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain momentum, Bernanke told Congress. But minutes from the Fed's most recent meeting released on Wednesday showed the bar was still relatively high. ...




Home sales close in on three-and-a-half year high

Single family home is shown with a sale pending in EncinitasBy Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its footing. Resales were 9.7 percent higher than in the same period last year. ...




Electric carmaker Tesla pays off U.S. loan

Tesla Chief Executive Office Elon Musk speaks at his company's factory in FremontBy Ben Klayman DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering. The automaker said on Wednesday that it wired $451.8 million to repay the full loan with interest. ...




Starbucks veteran Michelle Gass leaving for Kohl's

Gass, president of Starbucks EMEA, speaks to shareholders during Starbucks' Annual Meeting of Shareholders in Seattle, Washington(Reuters) - Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp . Gass, known for having led many big initiatives at Starbucks, including the development of Frappuccino blended drinks, will join Kohl's in the newly created position on June 17, the low-price department store said on Wednesday. ...




PepsiCo rethinks U.S. pricing to attract more daily buyers

Cases of Pepsi are displayed for sale in Carlsbad(Reuters) - PepsiCo Inc said it is tweaking its drink-pricing strategy in some parts of the United States, as it aims to wean consumers off the habit of buying soda only when it is on sale. The strategy, which PepsiCo refers to as "hybrid everyday value," involves narrowing the gap between soda prices on holidays and regular days. It aims to lessen the discounts on holidays, when a 12-pack of 12-ounce cans can cost as little as $2.50 to $3, and lower prices throughout the rest of the year, when the same package can cost as much as $5.99. ...




Midwest gasoline prices expected to cool after spike

Motorists fill their tanks at a station in ChicagoBy Sabina Zawadzki (Reuters) - Gasoline prices in the Midwest should fall in the coming days after hitting record highs in several cities last week in the run up to Memorial Day, the traditional start to the summer driving season, traders and industry analysts said on Wednesday. Problems at regional refineries, declining gasoline stockpiles and delays of shipments into the region from the Gulf Coast helped boost prices last week, prompting market players to hoard what fuel they had. In some parts of the Midwest, prices have already slipped, according to Gasbuddy. ...




Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources

Vice Chairman at General Motors, Bob Lutz attends the New York International Auto Show in New YorkBy Deepa Seetharaman and Norihiko Shirouzu DETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago. People familiar with the matter said on Wednesday that VL Automotive, a venture between Lutz and industrialist Gilbert Villarreal, and China's Wanxiang Group submitted the bid earlier this month to buy Fisker through a prepackaged bankruptcy deal. ...




Europe targets Switzerland in fight against bank secrecy

Greece's PM Samaras talks to his Italian counterpart Letta next to Cyprus' President Anastasiades during a European Union leaders summit in BrusselsBy John O'Donnell and Martin Santa BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Austria's dropping of objections allowed EU leaders to commit to an exchange of bank information between countries by the end of the year, as cash-strapped states seek to stop tax evasion and close loopholes highlighted by Apple Inc's use of a base in Ireland. ...





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Entertainment:

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Fox show brings messy workplaces to television

This undated publicity image released by Fox shows employees of Velocity Merchant Services (VMS) in Downers Grove, Ill., in a scene from the reality workplace series, "Does Someone Have to Go?" The network will begin airing a nonfiction show where employees of small businesses are compelled to rat out underperforming colleagues and put their jobs at risk. The series premieres Thursday, May 23 at 8 p.m. EST on Fox. (AP Photo/FoxNEW YORK (AP) — This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.




Publisher: Sen. Warren book coming out in 2014

FILE - This March 7, 2013 file photo shows Sen. Elizabeth Warren, D-Mass., listening to a witness at Senate Banking Committee hearing on anti-money laundering on Capitol Hill in Washington. Warren, a Democrat from Massachusetts, has an agreement with Henry Holt and Company, the publisher announced Wednesday, May 22. The book, currently untitled, is scheduled for the spring of 2014. Warren will write about her childhood and early professional life, but the book will mostly be a “rousing call” for the middle class. (AP Photo/Cliff Owen, file)NEW YORK (AP) — U.S. Sen. Elizabeth Warren, a favorite among liberals for her forceful advocacy for consumers and criticisms of the financial industry, has a book deal.




Talk of lies, pride as Trump case goes to jury

FILE - In this May 14, 2013 file photo, Donald Trump arrives at federal court n Chicago to testify at a civil trial where he's accused of enticing investors to buy condos at his Chicago skyscraper with promises of profit-sharing, then quietly reneging on them. On Monday, May 20, 2013, Jacqueline Goldberg, 87, who alleges Trump cheated her in a bait-and-switch scheme has told jurors she had qualms about suing the developer-turned-TV star given his power and influence. (AP Photo/M. Spencer Green, File)CHICAGO (AP) — The attorney for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told jurors in Chicago on Wednesday that he was personally repulsed by the "Apprentice" star whom he said lied on the witness stand.




Douglas, Damon dramatize a steamy showbiz affair

This film image released by HBO shows Michael Douglas, left, as Liberace, and Matt Damon, as Scott Thorson in a scene from "Behind the Candelabra," premiering Sunday at 9 p.m. EDT on HBO. (AP Photo/HBO, Claudette Barius)NEW YORK (AP) — The idea of Michael Douglas playing Liberace might seem nearly as outrageous as Liberace himself.




Jennifer Lopez to open cellphone stores
NEW YORK (AP) — "Jenny from the Block" wants the block to buy Verizon phones from her.

Blake Shelton putting together Okla. benefit show

This May 21, 2013 photo released by NBC shows married singers Miranda Lambert, left, and Blake Shelton performing an acoustic version of the hit "Over You" during a broadcast of the singing competition series, "The Voice," in Los Angeles. Shelton and NBC are putting together a benefit for Oklahoma tornado victims. Shelton, an Oklahoma native, told reporters about the fundraising effort after Tuesday night's episode of "The Voice." He said the benefit would be held soon in nearby Oklahoma City. (AP Photo/NBC, Trae Patton)LOS ANGELES (AP) — Blake Shelton and NBC are putting together a benefit for Oklahoma tornado victims.




'Idol' winner rolling out debut album in July

This May 20, 2013 photo shows Candice Glover posing for a portrait in New York. Glover is the latest winner on the singing competition series, "American Idol." (Photo by Dan Hallman/Invision/AP)NEW YORK (AP) — Candice Glover spent more time on season 12 of "American Idol" than she will on creating her debut album.




Redford swept away in shipwreck saga 'All Is Lost'

Actor Robert Redford, centre, and his wife Sibylle Szaggars, centre left, arrive for the screening of All Is Lost at the 66th international film festival, in Cannes, southern France, Wednesday, May 22, 2013. (AP Photo/Virginia Mayo)CANNES, France (AP) — Robert Redford makes actions speak louder than words in shipwreck drama "All Is Lost."




ND ad agency sues creators of Cartoon Network show
A North Dakota advertising agency is suing the creators of a Cartoon Network show, alleging that they copied a state marketing campaign.

Cannes: James Franco builds a bookish filmography

Director James Franco poses for photographers during a photo call for the film As I Lay Dying at the 66th international film festival, in Cannes, southern France, Monday, May 20, 2013. (AP Photo/Lionel Cironneau)CANNES, France (AP) — James Franco's filmography is starting to look like a book shelf — and a very respectable one, at that.





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