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Sudan to keep police in disputed Abyei region

KHARTOUM/ADDIS ABABA (Reuters) - Sudan will keep police forces in the disputed Abyei region bordering South Sudan for now, the state news agency SUNA said on Thursday, defying a call by U.N. Secretary-General Ban Ki-moon to withdraw. Abyei has been a main bone of contention between the African neighbors, which came close to all-out war last month when border fighting escalated, the worst violence since South Sudan seceded from Sudan in July. ...

Ex-Senator Edwards acquitted on campaign finance charge

Former U.S. Senator John Edwards makes a statement after the jury reached a verdict at the federal courthouse in GreensboroGREENSBORO, North Carolina (Reuters) - Former U.S. Senator John Edwards was acquitted on Thursday on one count of accepting illegal campaign contributions, and the judge declared a mistrial on five other counts because the jury was deadlocked. The jury's decision came on the ninth day of deliberations and marked yet another dramatic turn of events for the one-time politician who rose to become the Democratic Party's vice presidential nominee in 2004, only to see his career ruined by scandal four years later. ...


Ex-Senator Edwards acquitted on campaign finance charge

Former U.S. Senator John Edwards makes a statement after the jury reached a verdict at the federal courthouse in GreensboroGREENSBORO, North Carolina (Reuters) - Former U.S. Senator John Edwards was acquitted on Thursday on one count of accepting illegal campaign contributions, and the judge declared a mistrial on five other counts because the jury was deadlocked. The jury's decision came on the ninth day of deliberations and marked yet another dramatic turn of events for the one-time politician who rose to become the Democratic Party's vice presidential nominee in 2004, only to see his career ruined by scandal four years later. ...


Ex-Senator Edwards acquitted on campaign finance charge

Former U.S. Senator John Edwards makes a statement after the jury reached a verdict at the federal courthouse in GreensboroGREENSBORO, North Carolina (Reuters) - Former U.S. Senator John Edwards was acquitted on Thursday on one count of accepting illegal campaign contributions, and the judge declared a mistrial on five other counts because the jury was deadlocked. The jury's decision came on the ninth day of deliberations and marked yet another dramatic turn of events for the one-time politician who rose to become the Democratic Party's vice presidential nominee in 2004, only to see his career ruined by scandal four years later. ...


Jobs data points to recovery losing momentum

Job seekers speak with with job recruiters while they attend the Coast to Coast job fair in New YorkWASHINGTON (Reuters) - Private payroll growth picked up only slightly in May and claims for jobless benefits rose last week, suggesting the U.S. labor market recovery was losing steam after a strong performance early in the year. Other data on Thursday showed factory activity in the Midwest slowed considerably in May and economic growth in the first quarter was a bit softer than initially estimated. Economists said the reports reflected business anxiety amid an uncertain global economic outlook as the euro zone's debt crisis escalates and China's economy slows. ...


Jobs data points to recovery losing momentum

Job seekers speak with with job recruiters while they attend the Coast to Coast job fair in New YorkWASHINGTON (Reuters) - Private payroll growth picked up only slightly in May and claims for jobless benefits rose last week, suggesting the U.S. labor market recovery was losing steam after a strong performance early in the year. Other data on Thursday showed factory activity in the Midwest slowed considerably in May and economic growth in the first quarter was a bit softer than initially estimated. Economists said the reports reflected business anxiety amid an uncertain global economic outlook as the euro zone's debt crisis escalates and China's economy slows. ...


Family of New Jersey suicide rejects apology from former roommate

Ravi, a former Rutgers University student charged with bias intimidation, stands after hearing the verdict at the Superior Court of New JerseyNEW YORK (Reuters) - Relatives of a Rutgers student who committed suicide after his roommate used a webcam to spy on his gay encounter rejected the roommate's apology on Thursday, calling it a work of "public relations" designed to counter his lack of remorse. Dharun Ravi, who is serving a 30-day prison sentence, should have been given a stiffer punishment for his conviction in March in Middlesex County, New Jersey Superior Court on 15 charges, including invasion of privacy, bias intimidation and witness tampering, the family said in a statement. ...


Family of New Jersey suicide rejects apology from former roommate

Ravi, a former Rutgers University student charged with bias intimidation, stands after hearing the verdict at the Superior Court of New JerseyNEW YORK (Reuters) - Relatives of a Rutgers student who committed suicide after his roommate used a webcam to spy on his gay encounter rejected the roommate's apology on Thursday, calling it a work of "public relations" designed to counter his lack of remorse. Dharun Ravi, who is serving a 30-day prison sentence, should have been given a stiffer punishment for his conviction in March in Middlesex County, New Jersey Superior Court on 15 charges, including invasion of privacy, bias intimidation and witness tampering, the family said in a statement. ...


Spain urged to come clean on bank bailout plan

The Bankia bank headquarters in seen in Madrid, Thursday May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and soaring borrowing costs. The government nationalized Bankia earlier this month, and the euro 19 billion ($23.63 billion) in public money that will now be injected into it is more than twice what the government originally estimated would be needed. (AP Photo/Paul White)The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and the country's soaring borrowing costs.


Spain urged to come clean on bank bailout plan

The Bankia bank headquarters in seen in Madrid, Thursday May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and soaring borrowing costs. The government nationalized Bankia earlier this month, and the euro 19 billion ($23.63 billion) in public money that will now be injected into it is more than twice what the government originally estimated would be needed. (AP Photo/Paul White)The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and the country's soaring borrowing costs.


Syria blames rebels for Houla massacre

In this citizen journalism image taken on Tuesday, May 29, 2012 and provided by Edlib News Network ENN, Syrians gather around a U.N. observers vehicle during a demonstration in Kfarnebel, Idlib province, northern Syria. U.N. Secretary-General Ban Ki-moon called on Syria on Thursday to stop its attacks, saying the U.N. observers monitoring the cease-fire were not there to watch the killing of innocent people. (AP Photo/Edlib News Network ENN) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOSyria on Thursday blamed up to 800 rebel fighters for the massacre in central Syria last week that killed more than 100 people, nearly half of them children, in its most comprehensive explanation to date of the bloodshed.


Insight: Gains that funds made on bets by JPMorgan whale may be limited

A customer exits the lobby of JPMorgan Chase & Co. headquarters in New York(Reuters) - JPMorgan Chase & Co's losing bets in credit derivatives were so huge that one of its traders was known as "the London whale" and the hedge funds that attacked him have often been portrayed as harpooners who made a killing. But the story, it turns out, is more complicated than that. According to hedge fund managers and traders close to the struggle, the bank's losses - more than $2 billion - may not lead to stunning returns for the funds that were on the other side of the transactions. ...


Insight: From a ferry, a Chinese fast-attack boat

(Reuters) - It looked like a textbook win-win deal when Australian high-speed ferry designer AMD Marine Consulting formed a joint venture in 1993 with the engineering arm of a state-owned Chinese shipbuilder. The joint venture partner, Guangzhou Marine Engineering Corporation, a subsidiary of the giant China State Shipbuilding Corporation, gained access to state-of-the-art technology in wave-piercing, aluminum-hull designs. For AMD, a Sydney-based private company, the payoff was a foothold in China's maritime market during a period of rapid growth. ...

Insight: From a ferry, a Chinese fast-attack boat

(Reuters) - It looked like a textbook win-win deal when Australian high-speed ferry designer AMD Marine Consulting formed a joint venture in 1993 with the engineering arm of a state-owned Chinese shipbuilder. The joint venture partner, Guangzhou Marine Engineering Corporation, a subsidiary of the giant China State Shipbuilding Corporation, gained access to state-of-the-art technology in wave-piercing, aluminum-hull designs. For AMD, a Sydney-based private company, the payoff was a foothold in China's maritime market during a period of rapid growth. ...

PIMCO's Gross warns of economic "breaking point"

PIMCO Manager Gross speaks at the Conference on the Future of Housing Finance in WashingtonNEW YORK (Reuters) - The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, PIMCO's Bill Gross, manager of the world's largest bond fund, said in his monthly letter to investors. In his June outlook entitled "Wall Street Food Chain," Gross said stimulus policies by the Federal Reserve and the European Central Bank have led to riskier government bonds with lower value and paved the way for higher inflation. ...


Salmon Fishing in Yemen? Not So Much, Says Tourism Board

ABC’s  Cindy Smith Reports: When Hollywood released a romantic, independent film this year called “Salmon Fishing in the Yemen,” it was quite a surprise, at least to the Yemenis, that movie goers would be inspired to try to travel to one of the most dangerous...

Blind activist urges U.S. to push China on rule of law

NEW YORK (Reuters) - Blind Chinese rights activist Chen Guangcheng urged the United States on Thursday to "try harder" to promote rule of law in his homeland as he described his brother and nephew being so badly beaten in an attack he blamed on local officials that thick axe handles being used as weapons broke. ...

Blind activist urges U.S. to push China on rule of law

NEW YORK (Reuters) - Blind Chinese rights activist Chen Guangcheng urged the United States on Thursday to "try harder" to promote rule of law in his homeland as he described his brother and nephew being so badly beaten in an attack he blamed on local officials that thick axe handles being used as weapons broke. ...

Activision settles with 'Modern Warfare 2' makers

The makers of "Call of Duty: Modern Warfare 2" and game publisher Activision Blizzard Inc. have agreed to lay down arms in a legal fight over millions of dollars in royalties.

Obama and Romney Slogan Wars: Meh

So, what is President Obama’s slogan this campaign? You don’t know, do you?  How about Mitt Romney’s?  Bet you didn’t know that one either. The answer is “Forward” for Obama and “Believe in America” for Romney — and neither has the kind of pop that...

EPA has concerns for Keystone pipeline near coast

A Canadian company seeking to build a pipeline to transport crude oil from Canada to Gulf Coast refineries has submitted a new application for the southern segment of the project that avoids sensitive wetlands in Texas.

Euro structure is 'unsustainable,' ECB chief warns

President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels, Thursday, May 31, 2012. (AP Photo/Yves Logghe)The head of the European Central Bank warned Thursday that the euro currency union is "unsustainable" without stronger political and financial ties, and called for a new course to save it from a crippling debt crisis.


IMF: No bailout plans for Spain in the works

The International Monetary Fund says it has not been asked by Spain for a bailout and has not begun preparing one.

Developments in Oracle vs Google legal case

Oracle Corp. had accused Google Inc. of patent and copyright infringement. Much of the dispute is over Google's Android, the mobile operating system that now powers more than 300 million smartphones and tablet computers.

AP 'napalm girl' photo from Vietnam War turns 40

FILE - In this June 8, 1972 file photo, crying children, including 9-year-old Kim Phuc, center, run down Route 1 near Trang Bang, Vietnam after an aerial napalm attack on suspected Viet Cong hiding places as South Vietnamese forces from the 25th Division walk behind them. A South Vietnamese plane accidentally dropped its flaming napalm on South Vietnamese troops and civilians. From left, the children are Phan Thanh Tam, younger brother of Kim Phuc, who lost an eye, Phan Thanh Phouc, youngest brother of Kim Phuc, Kim Phuc, and Kim's cousins Ho Van Bon, and Ho Thi Ting. (AP Photo/Nick Ut)In the picture, the girl will always be 9 years old and wailing "Too hot! Too hot!" as she runs down the road away from her burning Vietnamese village.


News Summary: Ireland votes on Europe treaty

ROCK AND A HARD PLACE: Ireland's voters confronted a dilemma Thursday as they voted on a referendum to ratify the European Union's deficit-fighting treaty: Voting yes could mean more years of austerity, but saying no could mean national bankruptcy next year.

Edwards Gets Off, Secret Solyndra, Bush Cracks Jokes, Artur Davis and the Stages of Party Withdrawal (PM NOTE)

John Edwards Gets Off – Not guilty on one count and hung on all the rest. Mistrial. “I Did an Awful Lot That Was Wrong,” he said afterwards on the courthouse steps. Read it all here – http://abcn.ws/LaHhJb Edwards gave a press conference in North...

Made in Israel? Not a simple question

FILE - In this Jan. May 18, 2010 file photo, Palestinian workers destroy watermelons grown in Jewish settlements, near the West Bank city of Jenin. For decades, Israel has marketed an array of cosmetics and food products manufactured in Jewish settlements in the occupied West Bank as "Made in Israel," blurring their true origins in settlements opposed by virtually the entire international community. That practice is increasingly being challenged by other countries insisting on a more correct label putting Israel in a bind, because despite 45 years of control it never did annex the Palestinian-dominated West Bank. (AP Photo/Mohammed Ballas, File)For decades, Israel has marketed an array of cosmetics and food products manufactured in the occupied West Bank as "Made in Israel," blurring their true origins in Jewish settlements opposed by virtually the entire international community.


Oracle gets another setback in Google dispute

Oracle Corp. received another setback Thursday as a federal judge in San Francisco undermined a central part of the company's multimillion dollar case against Google Inc. over its Android software for mobile devices.

Judge blocks part of "harsh" Florida voting law

MIAMI (Reuters) - A U.S. judge on Thursday declared a Florida election law "harsh and impractical" for requiring groups conducting voter registration drives to turn in registration forms within 48 hours of collecting them, and blocked enforcement of the deadline. The nonpartisan League of Women Voters and other groups had challenged the law, passed by Florida's Republican-controlled legislature last year and signed by Republican Governor Rick Scott with the stated intent of fighting voter fraud. ...

Judge blocks part of "harsh" Florida voting law

MIAMI (Reuters) - A U.S. judge on Thursday declared a Florida election law "harsh and impractical" for requiring groups conducting voter registration drives to turn in registration forms within 48 hours of collecting them, and blocked enforcement of the deadline. The nonpartisan League of Women Voters and other groups had challenged the law, passed by Florida's Republican-controlled legislature last year and signed by Republican Governor Rick Scott with the stated intent of fighting voter fraud. ...

Judge blocks part of "harsh" Florida voting law

MIAMI (Reuters) - A U.S. judge on Thursday declared a Florida election law "harsh and impractical" for requiring groups conducting voter registration drives to turn in registration forms within 48 hours of collecting them, and blocked enforcement of the deadline. The nonpartisan League of Women Voters and other groups had challenged the law, passed by Florida's Republican-controlled legislature last year and signed by Republican Governor Rick Scott with the stated intent of fighting voter fraud. ...

News Summary: ECB chief: Euro setup unsustainable

President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels, Thursday, May 31, 2012. (AP Photo/Yves Logghe)VISION NEEDED: Mario Draghi, head of the European Central Bank, said Thursday that the 17-country euro currency union is unsustainable in its current form. He told EU leaders they must quickly come up with a broad vision for the future to get the bloc through the current financial crisis.


NEWS SUMMARY: US economy appears weaker

GROWTH SLOWS: U.S. economic growth slowed to an annual rate of 1.9 percent in the January-March quarter, weaker than an initial estimate of 2.2 percent.

Yield on 10-year Treasury sinks to record low

Investors stampeded into U.S. government bonds Thursday, driving the interest rate on the 10-year Treasury note as low as 1.54 percent, a record.

U.S. tells Spain solution needed for troubled banks

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner told Spain that a solution is needed for its troubled financial system, Spanish Deputy Prime Minister Soraya Saenz de Santamaria told reporters on Thursday. Saenz de Santamaria said she discussed with Geithner strategies to recapitalize her country's banks. "The treasury secretary pointed out that we are working toward the same goal and a solution for the banks must be found," she said after the meeting, adding that the strategies they discussed were also for other troubled European banks. ...

Hill GOP leaders make new offer on student loans

House Speaker John Boehner of Ohio meets with reporters following a GOP strategy session on Capitol Hill in Washington, Thursday, May 31, 2012. (AP Photo/J. Scott Applewhite)Top congressional Republicans made a new offer to President Barack Obama on Thursday in their fight over heading off a doubling of interest rates on federal college loans for 7.4 million students, proposing fresh ways to cover the effort's $6 billion cost.


U.S. national kidnapped in Benin is freed

COTONOU (Reuters) - Security forces in Benin on Thursday freed a U.S. citizen lured to the West African state last week by criminals he met on the Internet, Benin's interior ministry said. "The kidnappers are in the hands of the police," spokesman Frank Kinninvo said, adding that the U.S. national had been found in the Mono region of southwest Benin. A security source said the man had travelled to Benin to meet a group of people from Benin and neighboring Nigeria. ...

Romney to submit personal financial statement on Friday

Republican U.S. presidential candidate and former Massachusetts Governor Mitt Romney speaks at the former Solyndra headquarters and factory in FremontWASHINGTON (Reuters) - Republican Presidential candidate Mitt Romney is scheduled to deliver his latest personal financial disclosure statement to federal elections authorities on Friday, government and campaign sources said. The financial statement, which last year ran to 28 pages, is expected to show that Romney sold "nearly all" his holdings in individual stocks since last year. Instead, he moved substantial wealth into cash, according to an analysis posted earlier this month on the Forbes.com website. ...


Minn. could test Obama influence on gay marriage

FILE - This May 19, 2011 file photo, a state trooper stands by as demonstrators on both sides of the gay marriage issue gather outside the Minnesota House in St. Paul, Minn. President Obama's Friday, June 1, 2012 visit to Minnesota is his first to a state with a gay marriage ban on its ballot this fall since he declared his support for letting gay couples legally marry. (AP Photo/Jim Mone, File)The political impact of President Barack Obama's support for gay marriage will be tested this fall in Minnesota, where opponents of a proposed gay marriage ban are hoping the president's enduring popularity here will help persuade skeptical Democrats to vote it down.


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