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Current News Today

Israel rejects ceasefire plan, source says, as death toll nears 850
Chief of the Islamist Hamas movement Khaled Meshaal holds a press conference in the Qatari capital Doha on July 23, 2014By Nidal al-Mughrabi and Crispian Balmer GAZA/JERUSALEM (Reuters) - Israel has rejected international proposals for a ceasefire in its fight against Islamist militants in Gaza, a government source said on Friday, but U.S. Secretary of State John Kerry said no formal proposals had yet been put forward. Mediators hope that a truce could come into force ahead of a Muslim festival that starts early next week, but they have struggled to resolve seemingly irreconcilable demands from Israel and Hamas-led fighters, locked in conflict since July 8. Gaza officials said Israeli strikes killed 55 people on Friday, including the head of media operations for Hamas ally Islamic Jihad and his son. Militants fired a barrage of rockets out of Gaza, triggering sirens across much of southern and central Israel, including at the country's main airport.


Fri, 25 Jul 2014 17:02:47 -0400

EU edges to economic sanctions on Russia but narrows scope
Russia's President Vladimir Putin talks to reporters during a meeting in BrasiliaBy Adrian Croft and Barbara Lewis BRUSSELS (Reuters) - The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector. The sanctions on access to capital markets, arms and hi-tech goods are also likely to apply only to future contracts, leaving France free to go ahead with the controversial delivery of Mistral helicopter carriers being built for Russia. European Council President Herman Van Rompuy wrote to EU leaders asking them to authorise their ambassadors to complete an agreement by Tuesday. Van Rompuy said the proposed sanctions package "strikes the right balance" in terms of costs and benefits to the EU and in its flexibility to ramp up sanctions or reverse them over time.


Fri, 25 Jul 2014 17:37:38 -0400

Bad weather seen as probable cause of Air Algerie crash
Map locating wreckage site of Air Algerie flight 5017By Chine Labbé and Tiemoko Diallo PARIS/BAMAKO (Reuters) - Poor weather was the most likely cause of the crash of an Air Algerie flight in the West African state of Mali that killed all 118 people on board, French officials said on Friday. "French soldiers who are on the ground have started the first investigations," French President Francois Hollande told reporters. An earlier count of 51 French nationals among the dead was also raised to 54 by the French Foreign Ministry to include those with dual nationality. French, Malian and Dutch soldiers from a U.N. peacekeeping force (MINUSMA) secured the crash site, which lies about 80 km (50 miles) south of the northern Malian town of Gossi near the Burkina Faso border.


Fri, 25 Jul 2014 11:56:19 -0400

Current News Today

Marshawn Lynch missing as Seahawks camp begins (Yahoo Sports)
FILE - In this June 17, 2014 file photo, Seattle Seahawks' Marshawn Lynch smiles at a football minicamp practice that he watched from the sidelines in Renton, Wash. Lynch has been the workhorse Seattle has leaned on the past three seasons. He's helped bring the team its first Super Bowl title and despite his quirks has wide-ranging respect in the locker room. (AP Photo/Elaine Thompson, File)Marshawn Lynch was absent as expected on Friday when the Super Bowl champion Seattle Seahawks began training camp. Seattle coach Pete Carroll said he was disappointed Lynch was not present. Carroll reiterated the team wants Lynch there and still intends on him being an integral part of their plans for this season. Robert Turbin and Christine Michael they're ready to go and really fired up about this opportunity and are going to try and take full advantage of it.'' Carroll said he's remained in communication with Lynch during the offseason.


Fri, 25 Jul 2014 13:48:57 PDT

Houston WR Andre Johnson reports to camp (Yahoo Sports)
Houston Texans wide receiver Andre Johnson smiles as he answers a question after reporting for NFL football training camp Friday, July 25, 2014, in Houston. The Texans begin practices Saturday. (AP Photo/David J. Phillip)Andre Johnson had some issues with the Houston Texans. He's looking to move past an offseason where he skipped workouts and a mandatory minicamp after wondering in May whether Houston was ''still the place for me.'' ''I love playing this game of football,'' Johnson said Friday.


Fri, 25 Jul 2014 12:36:14 PDT

Roethlisberger extension will wait until 2015 (Yahoo Sports)
Pittsburgh Steelers quarterback Ben Roethlisberger (7) passes during the NFL football camp on Thursday, June 19, 2014 in Pittsburgh. (AP Photo/Keith Srakocic)Ben Roethlisberger is going to have to wait awhile for his next raise. Steelers owner Art Rooney II said Friday the team won't work on a contract extension for the two-time Super Bowl-winning quarterback until after the 2014 season. Roethlisberger has two years left on his current deal, when the Steelers typically like to renegotiate with Roethlisberger. Rooney stressed the goal is to lock the 32-year-old Roethlisberger for the long term.


Fri, 25 Jul 2014 12:23:36 PDT

Current News Today

Facebook says SEC's IPO probe ends, extending WhatsApp closing date
Woman holds a tablet displaying WhatsApp's logo in front of the screen with the Facebook logo in this photo illustration taken in Prague(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC." Facebook shares began trading on May 18, 2012, but soon fell below their $38 per share offering price and had lost more than half their value by the middle of August, angering investors. Investors also complained they were not told just prior to the IPO that analysts at Facebook's investment banks were cutting their forecasts after learning of the company's internal projections for advertising revenue. The end of the SEC probe does not affect shareholder litigation against Facebook, Chief Executive Mark Zuckerberg and many banks over the Menlo Park, California-based company's IPO.


Fri, 25 Jul 2014 15:55:27 -0400

U.S. business spending data gives mixed signals on growth
Washers and dryers are seen on display at a store in New YorkBy Lucia Mutikani WASHINGTON (Reuters) - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining by a downwardly revised 1.2 percent the prior month, the Commerce Department said. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. "The weak performance in core capital goods shipments during the quarter suggests that this segment of the economy is unlikely to contribute much to economic activity," said Millan Mulraine, deputy chief economist at TD Securities in New York.


Fri, 25 Jul 2014 13:39:16 -0400

Wall St. closes lower on Amazon, Visa; S&P's weekly gain erased
Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results. While the S&P 500 found support at its 14-day moving average, suggesting a recent positive trend in equities remains intact, the day's decline was enough to erase the benchmark index's gain for the week. Amazon.com Inc tumbled 9.6 percent to $324.01 as the biggest drag on the S&P 500 after reporting an unexpectedly big second-quarter loss due to greater expenses on investments. Visa Inc was the Dow's largest decliner, down 3.6 percent to $214.77 after the world's largest credit and debit card company cut its revenue forecast for the year.


Fri, 25 Jul 2014 16:31:38 -0400

Current News Today

Three children dead after Philly carjacking
A police officer walks past the wreckage of a carjacked vehicle that police say hit a group of people on a corner in Philadelphia on Friday, July 25, 2014, killing two children and critically injuring three other people. One of the children was pronounced dead at the scene and another at a hospital, Homicide Capt. James Clark said. (AP Photo/Philadelphia Daily News, Alejandro A. Alvarez) MANDATORY CREDIT; THE EVENING BULLETIN OUT, TV OUT; MAGS OUT; NO SALESThree other people were critically injured after a hijacked car was driven into a crowd.


Fri, 25 Jul 2014 17:28:32 -0400

Hospital gunman planned to kill others, official says
Police at the scene of a shooting at the Mercy-Fitzgerald Hospital in DarbyA psychiatrist's patient ranted about a gun ban at a suburban medical complex before opening fire there, killing his caseworker and grazing his psychiatrist before the doctor pulled out his own weapon and fired back, authorities said Friday.


Fri, 25 Jul 2014 17:45:16 -0400

Large Sandy-struck family splits $20M New Jersey lottery win
In this Thursday, July 24, 2014 photo, Forked River 7-Eleven owner Manny Chaudhari, right, poses for a photo with winning lottery ticket buyer Sigrid Endreson during a news conference, in Beachwood. Endreson's large New Jersey shore family that suffered losses during Superstorm Sandy will share a $20 million lottery jackpot that Endreson, one of 17 siblings, said would be "a great pick-me-up." (AP Photo/The Asbury Park Press, Doug Hood) NO SALESA lottery-playing tradition started by the matriarch of a large New Jersey shore family paid off for her 17 children this week when the group won a $20 million jackpot that will partly be used to help family members recover from 2012's Superstorm Sandy.


Fri, 25 Jul 2014 17:10:15 -0400