Articles tagged with face
Mon, May 21, 2012
JPMorgan stops stock buybacks, maintains dividend
By David Henry
NEW YORK (Reuters) - JPMorgan Chase & Co
The company will suspend for now a $15 billion share repurchase plan that Federal Reserve regulators had just approved in March after running stress tests on the bank's capital, Dimon said at an investor conference.
The move will give JPMorgan added protection against having to reduce its quarterly dividend of 30 cents a share, which Dimon said the bank will maintain. It also gives Dimon a hedge against the long-shot chance that the bank's cash payouts might equal its reported earnings in a quarter.
Dimon's latest move reflects his strategy of handling the embarrassment from the loss by trying to get ahead of criticism.
"By getting ahead of the issue, JPMorgan is reducing the pressure on Capitol Hill for more severe responses, such as cutting the dividend," said Jaret Seiberg, a senior policy analyst in Washington for Guggenheim Securities.
"The further ahead you can get, the more you can mitigate the response and I think that is what we are seeing at play," said Seiberg.
When JPMorgan disclosed the losses on May 10, Dimon called the bank's handling of the credit derivatives portfolio "stupid" and said "egregious mistakes" were made with the trades.
JPMorgan shares fell as much as 3.6 percent after Dimon began speaking as the market opened. The shares were down 3.2 percent at $32.43 in afternoon trading in New York.
Dimon normally relishes the chance to buy back shares at prices below $45, he said in early April in his annual letter to shareholders. Paying prices that are lower than what he believes is the company's true value increases the value of remaining shares held by investors, he explained. He complained last fall that regulators would not allow the bank to buy back more stock at low prices under a prior capital plan.
But without suspending the current repurchases, or booking gains on asset sales to offset the derivatives losses, JPMorgan would have run a heightened risk of paying out as much cash for shares and dividends as it reports in profits in a quarter.
That would have looked bad at a time when regulators want banks to continue building up capital to become safer.
The company has already paid out $2.1 billion this quarter,$1 billion for buybacks and $1.1 billion for dividends, according to Morgan Stanley analyst Betsy Graseck's calculations.
That would be as much as net earnings if the loss from the derivatives trade reaches $5 billion, before taxes, by end the of June, Graseck said.
Other analysts also have said the losses could reach $5 billion by year-end. Dimon has said the $2 billion in losses as of May 10 could rise another $1 billion or more.
Dimon said at Monday's conference that the bank is holding off on buybacks to make sure it stays on its planned "glide path" to reach rising capital requirements being imposed under so-called Basel 3 standards.
JPMorgan already had many ways to keep its reported profits above its payouts, Graseck said. She listed them in a report: selling assets to book gains, cutting costs, and drawing down on reserves already taken for bad loans.
Dimon said Monday the bank has made progress working down the losing trades. "We are going to wrestle the problem down," he said.
JPMorgan's stock has lost more than 20 percent, or $30 billion, of market value since the trading losses were announced.
Dimon said the bank intends to restart stock buybacks once it has replenished the lost capital. The bank is capitalized well enough to withstand the losses, analysts said. It had $190 billion of shareholder equity supporting $2.32 trillion in assets at the end of March.
The faulty portfolio was built of layers of supposedly offsetting bets with credit derivatives tied to corporate bonds, both investment grade and junk. A model for measuring risk in the portfolio was changed sometime during the first quarter. The change made the portfolio look less dangerous than it would have under an older risk model the bank had used for years.
(Reporting by David Henry and Lauren Tara LaCapra in New York and Rick Rothacker in Charlotte, North Carolina; Editing by John Wallace and Leslie Gevirtz)
Mon, May 21, 2012
Opel CEO faces workers over possible plant closure
FRANKFURT, Germany (Reuters) - The head of General Motors
Sat, May 19, 2012
Anti-NATO activists weighed Obama HQ attack: prosecutors
By Eric Johnson
CHICAGO (Reuters) - Three protesters arrested on terrorism-related charges ahead of the NATO-summit considered targeting U.S. President Barack Obama's re-election ...
Fri, May 18, 2012
Impressive Sharapova reaches Rome final
By Simon Cambers
ROME (Reuters) - Defending champion Maria Sharapova will take on Li Na of China in the Italian Open final after a confident ...
Wed, May 16, 2012
Singapore techs face margin squeeze, outlook better
By Eveline Danubrata and Patturaja Murugaboopathy
(Reuters) - Cost pressures are piling up for Singapore's electronics sector, with some listed companies reporting lower profit ...
Wed, May 16, 2012
Oklahoma welfare applicants to face drug screening
By Steve Olafson
OKLAHOMA CITY (Reuters) - Oklahoma will require welfare applicants to submit to screening for illegal drug use under a bill signed into ...
Tue, May 15, 2012
JPM's Dimon to face calls to split top roles
(Reuters) - Jamie Dimon faces growing calls to give up the chairmanship of JPMorgan Chase & Co when shareholders of the bank convene on Tuesday, days after it revealed losses of billions of dollars in trades that were supposed to protect it from risk.
The meeting, at the bank's back-office complex in Tampa, Florida, will give investors their first crack at Dimon, also JPMorgan's chief executive, since he revealed a soured hedging strategy had cost at least $2 billion and possibly much more.
The California Public Employees' Retirement System (CalPERS), the largest pension fund in the United States, will lead calls to strip Dimon of the chairmanship in a move it said would likely lead to better risk controls.
"CalPERS believes if the chairman was independent the board may be able to exercise stronger oversight of management," the organization said in a note setting out its voting intentions ahead of the meeting.
The group, which owns around $565 million of JPMorgan stock, said it would support executive compensation proposals but warned it would "closely review" the effects of the trading losses when analyzing the 2013 Say-on-Pay vote.
Other major pension funds in New York, California and Florida, as well as the two leading proxy advisory firms - ISS and Glass, Lewis - are already backing the nonbinding proposal calling for a split of the jobs of chairman and CEO.
The California State Teachers Retirement System, the Florida State Board of Administration and the New York State Comptroller's office, which each oversee around $150 billion in assets, have said they will also vote for the split.
"Generally we support these kinds of proposals," said Ricardo Duran, information officer for CalSTRS. "We always look kindly on the separation of those two positions."
The shake-up from those trades started Monday, as the company's chief investment officer retired.
Beyond electing directors, the day's agenda includes several shareholder proposals, including one for separating the roles of chairman and chief executive, both of which titles are held by Dimon.
NOISY MEETING
JPMorgan likely will face a barrage of questions about what Dimon knew, when he knew it and how a bank that has boasted of its "fortress" balance sheet could make such a major mistake.
"It was going to be a noisy shareholder meeting anyway, but it's likely to be more boisterous than if it had been held before last Thursday," said Paul Hodgson, senior research associate of GMI Ratings.
The firm slapped its lowest rating - "F" - on JPMorgan's corporate governance policies before disclosure of the loss. Fewer than 5 percent of the companies rated by GMI get the bottom ranking, Hodgson said.
Many large shareholders wait until the last few days to vote, so the trading loss may influence some to withhold votes supporting management proposals or to actively support some shareholder resolutions.
Tim Piechowski, associate portfolio manager at ACR Alpine Capital Research, said the firm voted clients' shares in favor of the measure to split the chairman and CEO roles. But the decision was based on the firm's policy and was not related to the trading loss, Piechowski emailed.
JPMorgan argues in its proxy filing that the split is not necessary for Dimon. All other directors are independent under the rules of the New York Stock Exchange and one is designated as a "presiding director."
William Frels, chief executive of investment advisory group Mairs & Power, said via email his firm is supporting management on all issues on the proxy. "The shares seem more like a 'buy' than a 'sell' from what we know about the loss so far," Frels said.
Though declines in JPMorgan shares following the announcement of the loss have wiped nearly $19 billion off the company's market value, many analysts and investors expect a rebound, rather than a prolonged slump.
Even if the losses double to $4 billion, that would only represent about 20 percent of the bank's 2011 profit.
"We're not looking at losses in a portfolio that could continue deteriorating because of systemic issues. We're dealing with a hedging strategy that didn't work," said Marty Mosby, an analyst at Guggenheim Securities who covers the company.
(Reporting by Ross Kerber in Boston, Jed Horowitz and David Randall in New York and Sinead Cruise in London; Writing by Ben Berkowitz; Editing by Alwyn Scott and David ...
Tue, May 15, 2012
Over 55 and jobless, Americans face tough hunt
By Susan Heavey
WASHINGTON (Reuters) - Jean Coyle, 67, has a new kind of ministry.
The former professor had just begun a career as a ...
Sun, May 13, 2012
Detroit Casinos face new competition
DETROIT (WKZO) -- If you ever wondered whether there can be too many Casinos, just ask the city of Detroit. The financially strapped Motor City ...
Sun, May 13, 2012
Forget 'The Voice' It's All About Christina Aguilera's Face
By Lindsey DiMattina, Hollywood.com Staff
There's no hiding Christina Aguilera's feelings within on The Voice. Whether she's completely bored with ...
Sun, May 13, 2012
Nina Dobrev Schools Conan in 'Sexy Vampire Face' VIDEO
By Michael Arbeiter, Hollywood.com Staff
Let's get the obligatory Interview with the Vampire joke out of the way: on Wednesday night, May ...
Sun, May 13, 2012
FBI probes JPMorgan, shareholders back Dimon
By David Henry
TAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on ...
Sun, May 13, 2012
Two parole absconders and two women may face charges
STURGIS (WKZO) -- Prosecutors will be sorting through the facts and trying to decide how to charge two parole absconders and the two women who ...
Fri, May 11, 2012
Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty
By Caroline Valetkevitch
NEW YORK (Reuters) - More volatility could be in store for stocks next week as investors grapple with less certainty about the ...
Thu, May 10, 2012
Forget 'The Voice' It's All About Christina Aguilera's Face
By Lindsey DiMattina, Hollywood.com Staff
There's no hiding Christina Aguilera's feelings within on The Voice. Whether she's completely bored with ...
Thu, May 10, 2012
Nina Dobrev Schools Conan in 'Sexy Vampire Face' VIDEO
By Michael Arbeiter, Hollywood.com Staff
Let's get the obligatory Interview with the Vampire joke out of the way: on Wednesday night, May ...
Thu, May 10, 2012
Spider-Man stars face off for magazine interview
From WENN.com
Maguire played the web-slinging superhero in three movies but eventually walked away from the franchise to be replaced by British actor ...
Thu, May 10, 2012
'Kick-Ass 2' Is Happening: 3 Hurdles the Movie Will Face
By Matt Patches, Hollywood.com Staff
After Kick-Ass did middling business at the box office in the Spring of 2010, few thought a sequel ...
Thu, May 10, 2012
John Travolta May Face More Accusers in Sexual Battery Lawsuit Report
By Lindsey DiMattina, Hollywood.com Staff
Two male masseurs have already come forward and filed a lawsuit against John Travolta, accusing him of sexual ...
Thu, May 10, 2012
JPMorgan $2 billion loss hits shares, credit, image
By David Henry and Douwe Miedema
NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry.
The loss by one of Wall Street's most respected banks embarrassed chief executive Jamie Dimon, a leader lauded for steering his bank through the fallout from the 2008 financial crisis without reporting a loss.
"We know we were sloppy. We know we were stupid. We know there was bad judgment," Dimon said in an interview with NBC television to be broadcast on "Meet the Press" on Sunday.
He said it wasn't clear whether the bank had broken any laws or violated any rules. "We've had audit, legal, risk, compliance, some of our best people looking at all of that."
The loss also invited regulatory scrutiny for a man who had all but led the charge to limit it, criticizing the so-called Volcker rule to ban proprietary trading by big banks.
The New York Times reported that the Securities and Exchange Commission has opened a preliminary investigation into JPMorgan's accounting practices and public disclosures about the trading loss.
On Friday, Securities and Exchange Commission Chairman Mary Schapiro told reporters: "It's safe to say that all the regulators are focused on this."
The debacle sparked new fears about big banks and prompted Dallas Federal Reserve Bank President Richard Fisher, who has called for the breakup of the top five U.S. banks, to say he is worried the biggest banks do not have adequate risk management.
The fallout extended across much of the banking sector, with shares of some of Wall Street's top names declining on Friday. Among others, Citigroup dropped 4.2 percent, Goldman Sachs fell 3.9 percent and Bank of America slipped 1.9 percent.
JPMorgan was far away the worst performer, however, falling 9.3 percent on a day when some 212 million of its shares traded, the most volume in its history.
Fitch Ratings cut JPMorgan's debt ratings a notch and put all of the ratings of the bank and its subsidiaries on negative ratings watch.
While Fitch saw the size of the loss as manageable, "the magnitude of the loss and ongoing nature of these positions implies a lack of liquidity," the ratings agency said.
"Fitch believes the potential reputational risk and risk governance issues raised at JPM are no longer consistent with an 'AA-' rating," it said.
Standard & Poor's put JPMorgan and its banking units on a negative outlook, but affirmed its current ratings.
In a conference call disclosing the problem on Thursday, Dimon said the $2 billion in losses could rise by a further $1 billion, and acknowledged they were linked to a London-based credit trader Bruno Iksil. Nicknamed the 'London Whale,' Iksil amassed an outsized position which hedge funds bet against.
The Federal Reserve Bank of New York, meanwhile, had been aware of JPMorgan's big trading loss and is currently monitoring the situation, according to a source close to the situation.
The Fed, which is JPMorgan's primary regulator, aims to ensure banks are sufficiently capitalized to withstand such trading mistakes, not to prevent them, the source said.
'STAKES ARE TOO HIGH'
The exact nature of the trading loss is still unclear, although sources said a host of asset managers, arbitrageurs and hedge funds were on the other side of the bet, viewing it as good value and a effective way to insure portions of their portfolio.
Blue Mountain, a hedge fund with offices in New York and London, was among those on the other side of JPMorgan's trade, according to two people familiar with the situation.
Dimon will undoubtedly be pressed by investors for more details about what exactly went wrong when he hosts the bank's annual shareholder meeting on Tuesday in Tampa, Florida.
A national union on Friday urged shareholders to approve a stockholder resolution calling for an independent board chairman at JPMorgan. Dimon currently holds the chairman and CEO titles.
"The stakes are too high to leave Jamie Dimon unsupervised," said Gerald McEntee, president of the American Federation of State, County & Municipal Employees, which sponsored the proposal. "Dimon denied that the ‘London Whale' was making risky bets, and now that this has turned out to be a fish story, shareholders need to step in."
Dimon had parlayed his bank's reputation as a white knight during the financial crisis into a position as the de facto representative fighting against excessive post-crisis regulation.
"What concerns me is risk management, size, scope," said Dallas Federal Reserve Bank's Fisher answer to a question about JPMorgan's trading loss. "At what point do you get to the point that you don't know what's going on underneath you? That's the point where you've got too big."
The trader at the center of the storm, Iksil, who graduated in engineering from the Ecole Centrale in Paris in 1991, was not available for comment. The Frenchman, and the Chief Investment Office (CIO) where he works, are known by rival credit traders for taking extremely large positions.
Friends, colleagues and fellow traders describe an unassuming man, a far cry from the brash image normally associated with traders staking huge bets in fast-moving financial markets, including derivatives.
"He's a really nice bloke. A quiet bloke. He's not an arrogant trader, he's quite the opposite. He's very charming," one former colleague at JPMorgan said of Iksil, whom he said was married with "a couple of kids".
JPMorgan characterized the costly trading strategy that led to the loss as a hedge, rather than as proprietary trade, or a bet with the bank's own money. But that line has been difficult for regulators and experts to define as they seek to craft the Volcker rule.
One friend and former JPMorgan colleague said Iksil and the team were not carrying out proprietary trading in disguise, and that the unit's activities were known at the highest levels of the bank.
"The CIO does not do prop trading, let's be clear on that ... It involves taking positions in the form of investments, trades, credit-default swaps, or other, with the aim of rebalancing the risks of JPMorgan's balance sheet.
"The information comes from the very top of the bank and I do not even think that the CIO team members at Bruno's level are given the full picture," the ex-colleague said.
Iksil was brought into the CIO unit to head its credit desk, an asset class it had not previously covered, a person who worked in the unit said. It built up large credit positions over several years through trades which were vetted by management and the losses now likely resulted from a combination of these trades going wrong, the person said.
The CIO desk had grown rapidly in the past five years and was given free range to trade in a whole range of financial products, the only exception being commodities, they added. The CIO is run by New York-based Ina Drew, who is Chief Investment Officer.
Credit market traders said other banks have comparable functions to JPMorgan's CIO. The French banks, Citigroup, Deutsche Bank and UBS were all cited as examples of large treasury functions that hedge credit exposures in similar ways.
"The argument that financial institutions do not need the new rules to help them avoid the irresponsible actions that led to the crisis of 2008 is at least $2 billion harder to make today," U.S. Representative Barney Frank said in a statement.
The Democrat co-authored the 2010 Dodd-Frank financial reform law designed to avoid a repeat of the recent credit crisis.
(Reporting by David Henry in NEW YORK, Rick Rothacker in CHARLOTTE, North Carolina, Dave Clarke in WASHINGTON, Svea Herbst-Bayliss in BOSTON and Vidya Ranganathan in SINGAPORE, Douwe Miedema, Sinead Cruise and Christopher Whittall in LONDON, Lionel Laurent in PARIS; Writing by Alexander Smith and Paul Thomasch; Editing by Alwyn Scott, Jon ...
Wed, May 09, 2012
Spider-Man stars face off for magazine interview
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Wed, May 09, 2012
'Kick-Ass 2' Is Happening: 3 Hurdles the Movie Will Face
By Matt Patches, Hollywood.com Staff
After Kick-Ass did middling business at the box office in the Spring of 2010, few thought a sequel ...
Wed, May 09, 2012
Forget 'The Voice' It's All About Christina Aguilera's Face
By Lindsey DiMattina, Hollywood.com Staff
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Wed, May 09, 2012
Christian Bale & Tom Hardy Face Off as Batman & Bane in New 'Dark Knight Rises' Pics
By Michael Arbeiter, Hollywood.com Staff
The last poster released for Christopher Nolan's upcoming The Dark Knight Rises seemed to be a bit ...
Wed, May 09, 2012
Brad Pitt new face of Chanel No.5 perfume
(Reuters) - Actor Brad Pitt is to be the new face of Chanel No.5 perfume, one of the most famous fragrances in the world ...
Tue, May 08, 2012
Wisconsin Democrats pick mayor to challenge governor
By Brendan O'Brien
MILWAUKEE (Reuters) - Wisconsin Democratic primary voters on Tuesday picked Milwaukee Mayor Tom Barrett to face controversial Republican Governor Scott Walker ...
Tue, May 08, 2012
Christian Bale & Tom Hardy Face Off as Batman & Bane in New 'Dark Knight Rises' Pics
By Michael Arbeiter, Hollywood.com Staff
The last poster released for Christopher Nolan's upcoming The Dark Knight Rises seemed to be a bit ...
Tue, May 08, 2012
'American Horror Story' Enlists James Cromwell to Face Off Against Jessica Lange
By Brian Marder, Hollywood.com Staff
Oscar/Emmy nominee James Cromwell has joined the ever growing and somewhat odd list of actors slated for ...
Tue, May 08, 2012
Lawmakers face speed bumps on highway bill
By Roberta Rampton
WASHINGTON (Reuters) - Congressional lawmakers launched efforts on Tuesday to forge a compromise on transportation spending, an uphill journey made even tougher ...
Tue, May 08, 2012
Analysis: Public pension fixes face stout legal challenges
By Jim Christie and Lisa Lambert
SAN FRANCISCO/WASHINGTON (Reuters) - Public employees in San Jose, California's third-largest city, are gearing up for a ...
Tue, May 08, 2012
Wells Fargo may face fair lending claims
By Rick Rothacker and Aruna Viswanatha
(Reuters) - Wells Fargo & Co
The fourth-largest U.S. bank said in a securities filing it believes the charges should not be brought and said it is seeking to show the department that it is in compliance with fair lending laws.
A bank spokeswoman declined to comment beyond the filing.
The disclosure comes several months after Bank of America Corp's
The Justice Department accused Countrywide of charging blacks and Hispanics higher interest rates and fees than whites, and steering minorities to more expensive subprime loans even though they were qualified for traditional mortgage rates. Countrywide denied the department's allegations.
A DOJ spokeswoman did not immediately respond to a request for comment.
Separately, Wells Fargo received an $85 million penalty last year from the Federal Reserve Board over charges that it steered borrowers into high-cost loans.
The Fed then ordered Wells to compensate certain borrowers between $1,000 and $20,000.
The cities of Baltimore and Memphis also filed suits alleging Wells Fargo engaged in "reverse redlining," or intentionally targeting minority communities for predatory mortgage loans, leading to high foreclosures in minority neighborhoods.
DISPUTE OVER DOCUMENTS
In its Tuesday filing, Wells Fargo said it faced government investigations into whether the bank violated fair lending "and other laws and regulations relating to mortgage origination practices."
San Francisco-based Wells Fargo is the largest servicer and originator of home loans in the United States.
Wells Fargo made a record 33.9 percent of U.S. mortgage loans in the first quarter, as rivals such as Bank of America continued to pull back in the home lending market, according to Inside Mortgage Finance.
Wells Fargo's loan volume was more than triple the 10.6 percent market share of its nearest rival, JPMorgan Chase & Co
The bank also said it faces investigations into whether it properly disclosed risks related to mortgage-backed securities in offering documents for investors.
In February, Wells said it had received notice that it may face an enforcement action from the Securities and Exchange Commission.
Tension over the investigation became public when the SEC in March accused Wells of repeatedly ignoring its subpoenas for documents and asked a federal court to compel the bank to turn over requested materials. The bank called the maneuver "inappropriate," and a judge has ordered the two parties to try to resolve their dispute.
In its court filing, the SEC said it is looking into whether Wells Fargo made "material misrepresentations or omitted material facts" in offerings it made to investors from September 2006 through early 2008, a period that included the beginning of the financial crisis.
Wells Fargo shares were down 0.9 percent at $33.19 at midday Tuesday on the New York Stock Exchange.
(Reporting By Rick Rothacker in Charlotte, North Carolina, and Aruna Viswanatha is Washington; editing by John Wallace, Dave Zimmerman and Matthew Lewis)
Mon, May 07, 2012
China dissident Chen says officials must face justice
By Chris Buckley
BEIJING (Reuters) - Blind dissident Chen Guangcheng has demanded the central Chinese government punish officials he blames for false imprisonment and years ...
Sun, May 06, 2012
Pandora, Spotify face off in free online music market
By Kathy Finn
NEW ORLEANS (Reuters) - It took decades for music delivery to evolve from vinyl records to CDs and years to go from ...
Fri, May 04, 2012
Bolt may face surprise challenge in 100 meters
By Kayon Raynor
KINGSTON (Reuters) - Triple Olympic champion Usain Bolt could have an unexpected challenger when the Jamaican world record holder runs his first ...
Thu, May 03, 2012
Best face forward: chin implants surge in popularity
By Lauren Keiper
BOSTON (Reuters) - Over the last year Dr. Darrick Antell has performed up to three or four chin implants a day, reflecting ...
Wed, May 02, 2012
Japan could face "day of reckoning" if tax plans fail: Moody's
By Rie Ishiguro
MANILA (Reuters) - Japan could face "the day of reckoning" sooner than expected if the government fails to raise the sales tax ...
Wed, May 02, 2012
Oakland police may face sanctions over handling of Occupy protests
By Mary Slosson
(Reuters) - A federal judge on Tuesday ordered the city of Oakland and its police department to submit a plan within a ...
Tue, May 01, 2012
Christian Bale & Tom Hardy Face Off as Batman & Bane in New 'Dark Knight Rises' Pics
By Michael Arbeiter, Hollywood.com Staff
The last poster released for Christopher Nolan's upcoming The Dark Knight Rises seemed to be a bit ...
Mon, April 30, 2012
Christian Bale & Tom Hardy Face Off as Batman & Bane in New 'Dark Knight Rises' Pics
By Michael Arbeiter, Hollywood.com Staff
The last poster released for Christopher Nolan's upcoming The Dark Knight Rises seemed to be a bit ...
Sun, April 29, 2012
Murdochs face tough week over scandal
By Kate Holton
LONDON (Reuters) - Rupert Murdoch's tetchy and uncompromising appearance at a British inquiry into phone hacking could come back to haunt ...
Wed, April 25, 2012
Philippines, U.S. stage war games in face of China warning
By Manuel Mogato
ULUGAN BAY, Philippines (Reuters) - U.S. and Philippine commandos waded ashore on Wednesday in a mock assault to retake a small ...
Tue, April 24, 2012
Analysis: Elusive China equity returns now face growth slowdown
By Sujata Rao
LONDON (Reuters) - Investors who have endured two decades of miserable stock market returns in China may have to wait a while ...
Tue, April 24, 2012
U.S. women's team to face old foes North Korea
LONDON (Reuters) - The United States will face old political foes North Korea on the soccer field once again at the London Olympics after the ...
Tue, April 24, 2012
Murdoch hacking scandal piles pressure on UK government
By Georgina Prodhan and Kate Holton
LONDON (Reuters) - A phone-hacking scandal that has rocked Rupert Murdoch's media empire piled more pressure on British ...
Mon, April 23, 2012
Without reforms, U.S. retirees to face dwindling funds
By Rachelle Younglai and Glenn Somerville
WASHINGTON (Reuters) - Aging baby boomers got some jolting news on Monday when the U.S. government said the ...
Mon, April 23, 2012
China Internet firms face venture capital funding squeeze
By Melanie Lee and Stephen Aldred
SHANGHAI/HONG KONG (Reuters) - China's hot Internet sector is facing a problem it is unaccustomed to: a ...
Sat, April 21, 2012
Utah Senator Orrin Hatch to face challenger in Republican primary
(Reuters) - Senator Orrin Hatch of Utah will face a Republican challenger in a June 26 primary run-off election, after failing to get the required ...
Sat, April 21, 2012
Utah Senator Orrin Hatch to face challenger in Republican primary
(Reuters) - Senator Orrin Hatch of Utah will face a Republican challenger in a June 26 primary run-off election, after failing to get the required ...
Fri, April 20, 2012
MBIA, BofA to face off in May on insurer's restructuring
By Karen Freifeld
NEW YORK (Reuters) - MBIA Inc's
Fri, April 20, 2012
Vettel wins Bahrain Grand Prix, protesters kept away
By Alan Baldwin
MANAMA (Reuters) - Formula One world champion Sebastian Vettel won the Grand Prix in Bahrain on Sunday while rage boiled beyond the ...
Tue, April 17, 2012
Illinois Mega Millions winner could face "lottery curse"
By Andrew Stern
CHICAGO (Reuters) - When the winner of a third of the record $656 million Mega Millions lottery jackpot steps before the cameras ...
Mon, April 16, 2012
Wisconsin couple accused of starving, abusing girl face charges
By Brendan O'Brien
MADISON, Wisconsin (Reuters) - A Wisconsin couple accused of starving and imprisoning their teenage daughter in a basement for six years ...
Sun, April 15, 2012
Ashley Judd Blames the 'Objectification of Women' for Puffy Face Remarks
For the most part, Ashley Judd has procured a rather impressive career but the actress has been dealing with some very unwanted headlines after ...
Sat, April 14, 2012
Ashley Judd Blames the 'Objectification of Women' for Puffy Face Remarks
For the most part, Ashley Judd has procured a rather impressive career but the actress has been dealing with some very unwanted headlines after ...
Fri, April 13, 2012
Ashley Judd Blames the 'Objectification of Women' for Puffy Face Remarks
For the most part, Ashley Judd has procured a rather impressive career but the actress has been dealing with some very unwanted headlines after ...
Thu, April 12, 2012
Big banks face $638 billion shortfall on new rules
By Steve Slater and Catherine Bosley
LONDON/ZURICH (Reuters) - The world's biggest banks would have needed to find more than $600 billion if ...
Thu, April 12, 2012
Big banks face $638 billion shortfall on new rules: BIS
ZURICH/LONDON (Reuters) - The world's biggest banks would have had to raise more than $600 billion euros ($791 billion) to achieve minimum capital ...
Tue, April 10, 2012
Court rules Pfizer can face some asbestos suits
By Ben Berkowitz
(Reuters) - A federal appellate court ruled on Tuesday that drugmaker Pfizer
Sun, April 08, 2012
Analysis: Q1 bank results face great expectations
By David Henry and Rick Rothacker
(Reuters) - Bank executives face great expectations from investors when they report first-quarter results beginning Friday.
Bank stocks have ...
Sun, April 08, 2012
Despite recovery, U.S. public employees face more layoffs
By Lisa Lambert
(Reuters) - Since 2009, the city of Chesapeake, tucked up against the Great Dismal Swamp in southern Virginia, has cut its workforce ...
Sun, April 08, 2012
Rangers draw Senators, Canucks face Kings in playoffs
(Reuters) - Eastern Conference champion the New York Rangers will play Ottawa Senators and West winner Vancouver Canucks face the Los Angeles Kings in the ...
Fri, April 06, 2012
Local Educator could Face Charges
KALAMAZOO (WKZO) -- The Assistant. Principal at Parchment Middle School has reportedly been arrested but not yet charged after Richland Police say he initially refused ...
Thu, April 05, 2012
Analysis: New BoE watchdog's untested weapons face bank battle
By David Milliken and Huw Jones
LONDON (Reuters) - Britain's Financial Policy Committee, tasked with fighting off the next financial crisis, first faces a ...
Wed, April 04, 2012
Madoff wives to face trustee claims in Ponzi case
By Jonathan Stempel
NEW YORK (Reuters) - The trustee seeking money for victims of Bernard Madoff's Ponzi scheme, who lost an estimated $20 billion ...
Wed, April 04, 2012
Accused September 11 mastermind to face trial at Guantanamo
By David Alexander
WASHINGTON (Reuters) - Accused September 11 mastermind Khalid Sheikh Mohammed and four suspected co-conspirators were ordered on Wednesday to stand trial before ...
Wed, April 04, 2012
Europe's banks face $323 billion capital hole
LONDON (Reuters) - Europe's top banks would have had to raise 242 billion euros ($323 billion) or more to achieve minimum capital ratios if ...
Tue, April 03, 2012
Bank of NY Mellon must face lawsuit on Countrywide
By Jonathan Stempel
(Reuters) - A federal judge rejected Bank of New York Mellon Corp's bid to dismiss a lawsuit by investors over its ...
Tue, April 03, 2012
Chevron, Transocean face second $11 billion Brazil lawsuit
By Jeb Blount
RIO DE JANEIRO (Reuters) - A Brazilian federal prosecutor on Tuesday launched his second 20 billion real ($10.9 billion) lawsuit against ...
Sun, April 01, 2012
Clinton says Syria will face 'serious consequences' if killing continues
ISTANBUL (Reuters) - U.S. Secretary of State Hillary Clinton on Sunday urged members of Syrian President Bashar al-Assad's government to halt operations targeting ...
Fri, March 30, 2012
Wisconsin Governor Walker to face recall vote on June 5
By Brendan O'Brien
MILWAUKEE (Reuters) - Wisconsin's controversial Republican Governor Scott Walker will face a recall election on June 5 over a new ...
Fri, March 30, 2012
Wisconsin Governor Walker to face recall vote on June 5
By Brendan O'Brien
MILWAUKEE (Reuters) - Wisconsin Republican Governor Scott Walker will face a recall election on June 5 over a new law he ...
Thu, March 29, 2012
Newton ordered back to Australia to face assault charge
The troubled star, who reportedly suffers from bipolar and obsessive compulsive disorder, stands accused of punching a cab driver during a ride through Sydney ...
Thu, March 29, 2012
Analysis: Emerging bond sales, returns face US yield hurdle
By Sujata Rao
LONDON (Reuters) - Emerging market borrowers may have to hurry to secure cheap funding on global debt markets as rising U.S ...
Wed, March 28, 2012
Newton ordered back to Australia to face assault charge
The troubled star, who reportedly suffers from bipolar and obsessive compulsive disorder, stands accused of punching a cab driver during a ride through Sydney ...
Wed, March 28, 2012
'The Hunger Games' Face Racism On Twitter
The Internet can bring out the very best in people and, alternatively, the absolute, most disheartening worst. (Just ask Jason Russell, the head of ...
Wed, March 28, 2012
Face time with Facebook CEO stirs concerns on Wall Street
By Alistair Barr and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will ...
Tue, March 27, 2012
'The Hunger Games' Face Racism On Twitter
The Internet can bring out the very best in people and, alternatively, the absolute, most disheartening worst. (Just ask Jason Russell, the head of ...
Tue, March 27, 2012
Fox and Green face snapper's lawsuit
Delbert Shaw has put together a lawsuit, to be filed at Los Angeles County Superior Court on Monday (26Mar12), alleging the two actors made ...
Tue, March 27, 2012
'The Hunger Games' Face Racism On Twitter
The Internet can bring out the very best in people and, alternatively, the absolute, most disheartening worst. (Just ask Jason Russell, the head of ...
Tue, March 27, 2012
Fox and Green face snapper's lawsuit
Delbert Shaw has put together a lawsuit, to be filed at Los Angeles County Superior Court on Monday (26Mar12), alleging the two actors made ...
Tue, March 27, 2012
Man hugs doctors after seeing face transplant in mirror
By Hamish McKenzie
BALTIMORE (Reuters) - Surgeons from the University of Maryland Medical Center on Tuesday detailed what they said was the world's most ...
Mon, March 26, 2012
Fox and Green face snapper's lawsuit
Delbert Shaw has put together a lawsuit, to be filed at Los Angeles County Superior Court on Monday (26Mar12), alleging the two actors made ...
Fri, March 23, 2012
Top basketball teams could face March Madness ban
By Stephanie Simon
(Reuters) - As college basketball's March Madness rolls on, the NCAA is on the verge of banning a perennial contender from ...
Fri, March 23, 2012
Opponents, supporters to face off outside high court healthcare hearings
By Ian Simpson
WASHINGTON (Reuters) - A battle for American hearts and minds will rage outside the Supreme Court next week as justices inside hear ...
Thu, March 22, 2012
Soldier expected to be charged Friday in Afghan killings
By David Alexander
WASHINGTON (Reuters) - A U.S. Army staff sergeant is expected to be formally charged on Friday with 17 counts of murder ...
Thu, March 22, 2012
Wall Street's face in Washington to step down
WASHINGTON (Reuters) - The chief lobbyist for the largest U.S. financial institutions will step down at the end of 2012, after more than a ...
Thu, March 22, 2012
Congress members face new curbs on insider trading
By David Lawder
WASHINGTON (Reuters) - The Senate on Thursday voted overwhelmingly to send President Barack Obama legislation imposing new curbs on insider trading by ...
Tue, March 20, 2012
Florida state workers face random drug tests under new law
(Reuters) - Florida Governor Rick Scott has signed a law allowing state employees to be randomly tested for drugs, a measure likely to draw a ...
Tue, March 20, 2012
Florida state workers face random drug tests under new law
(Reuters) - Florida Governer Rick Scott has signed as expected a law allowing state employees to be randomly tested for illegal drugs, a measure likely ...
Tue, March 20, 2012
VIDEO: Miguel Cabrera takes grounder to the face
#UPDATE: Cabrera will sit out one week of play recovering from orbital fracture.
CLEARWATER, FL (WKZ0) – Disaster struck Detroit Tigers’ third baseman Miguel Cabrera ...
Tue, March 20, 2012
Exclusive: South Africa gold firms to face silicosis class action
By Ed Cropley
JOHANNESBURG (Reuters) - A South African lawyer said on Tuesday he was preparing a class action lawsuit against leading gold mining firms ...
Tue, March 20, 2012
Exclusive: South Africa gold firms to face silicosis class action
By Ed Cropley
JOHANNESBURG (Reuters) - A South African lawyer said on Tuesday he was preparing a class action lawsuit against leading gold mining firms ...
Tue, March 20, 2012
Dodgers to face lawsuit by beaten Giants fan
(Reuters) - The family of a baseball fan who was badly beaten after a Los Angeles Dodgers game last year can proceed with their California ...
Mon, March 19, 2012
Time Warner Cable, Fox could face off in Dodger sale
By Sue Zeidler
(Reuters) - As bidding for the Los Angeles Dodgers enters its final innings, News Corp's Fox sports unit and Time Warner ...
Mon, March 19, 2012
Multiple teens, adult face charges in large under aged drinking party in Decatur Township
DECATUR TOWNSHIP (WKZO) -- Eleven teenagers and one adult face charges after an alcohol party attended by hundreds of under aged drinkers at the Leisure ...
Sat, March 17, 2012
A new face for New York's St Patrick's Cathedral
By Edith Honan
NEW YORK (Reuters) - Saint Patrick's Cathedral, New York City's iconic house of worship on Fifth Avenue, is getting a ...
Fri, March 16, 2012
Two officials face discipline in war dead controversy
By David Alexander
WASHINGTON (Reuters) - Two supervisors at the Delaware mortuary for U.S. war dead are facing disciplinary action for engaging in a ...
Fri, March 16, 2012
Greece would face disorderly euro exit without support: IMF
WASHINGTON (Reuters) - Greece would face a disorderly and costly exit from the euro area without financial support from international lenders, the International Monetary Fund ...
Fri, March 16, 2012
Broncos face Miami for a shot at CCHA title game; WKZO in Detroit providing full coverage
DETROIT (WKZO) -- After sweeping Lake Superior State last weekend, Western Michigan earned a berth into the CCHA semi-finals for the second year in a ...
Tue, March 13, 2012
Bain Capital defends business in face of Romney attacks
By Greg Roumeliotis
NEW YORK (Reuters) - Private equity firm Bain Capital LLC, co-founded by U.S. Republican presidential candidate Mitt Romney, on Tuesday defended ...
Tue, March 13, 2012
Dry bulkers face worst pain in shipping slump: S&P
By Jonathan Saul
LONDON (Reuters) - The dry bulk shipping sector faces the heaviest oversupply pressures over the next 12 to 18 months compared with ...
Sun, March 11, 2012
After jail, former inmates face higher death risk
By Amy Norton
NEW YORK (Reuters Health) - People released from New York City jails face an increased risk of death from drug overdose, homicide ...
Sun, March 11, 2012
Russian protesters face challenge after Putin win
By Steve Gutterman
MOSCOW (Reuters) - Russian opposition leaders on Sunday called for a clear agenda and a grassroots focus on local elections to re-energize ...
Fri, March 09, 2012
After jail, former inmates face higher death risk
By Amy Norton
NEW YORK (Reuters Health) - People released from New York City jails face an increased risk of death from drug overdose, homicide ...
Fri, March 09, 2012
Barclays says may face action in Libor probe
By Steve Slater and Sarah White
LONDON (Reuters) - Britain's Barclays
Thu, March 08, 2012
Rangers seek buyer, face disrepute charge
By Keith Weir
LONDON (Reuters) - Administrators for Scottish champions Rangers said on Thursday they would meet possible buyers of the Glasgow club in the ...
Mon, March 05, 2012
Nervous Blunt 'laughed hysterically' in Obama's face
Blunt was attending the Kennedy Center Honors in Washington, D.C. in December (11) to help pay tribute to her The Devil Wears Prada ...
Sun, March 04, 2012
Obama, Netanyahu face struggle over Iran "red lines"
By Matt Spetalnick
WASHINGTON (Reuters) - President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are deeply at odds over how fast the clock is ...
Sun, March 04, 2012
Nervous Blunt 'laughed hysterically' in Obama's face
Blunt was attending the Kennedy Center Honors in Washington, D.C. in December (11) to help pay tribute to her The Devil Wears Prada ...
Sun, March 04, 2012
Pressure mounts on Romney for Illinois victory
By Steve Holland
WASHINGTON (Reuters) - Pressure is mounting on Republican Mitt Romney to win next Tuesday's presidential primary in Illinois, a state considered ...
Fri, March 02, 2012
Credit Suisse to face National Century fraud case
By Jonathan Stempel
(Reuters) - A federal judge rejected Credit Suisse Group Inc's
Fri, March 02, 2012
Insight: Wall Street, Fed face off over physical commodities
By David Sheppard, Jonathan Leff and Josephine Mason
NEW YORK (Reuters) - Wall Street's biggest banks are locked in an increasingly frantic struggle with ...
Fri, March 02, 2012
Iran parliament vote seen bolstering Supreme Leader
By Parisa Hafezi and Zahra Hosseinian
TEHRAN (Reuters) - Iranians voted on Friday in a parliamentary election likely to reinforce Supreme Leader Ayatollah Ali Khamenei ...
Wed, February 29, 2012
Syrian rebels say they face 7,000 government troops
AMMAN (Reuters) - Syrian rebels defending the besieged Baba Amro district of the city of Homs reported further fighting overnight and said they faced at ...
Wed, February 29, 2012
Transocean says may face $473 million U.S. tax bill
By Braden Reddall
(Reuters) - Transocean Ltd may face $473 million in U.S. back taxes, according to its annual filing, though it also said ...
Wed, February 29, 2012
Djokovic to face Murray in Dubai semis
By Matt Smith
DUBAI (Reuters) - World number one Novak Djokovic beat fellow-Serb Janko Tipsarevic 6-1 7-6 in the quarter-finals of the Dubai Tennis Championships ...
Wed, February 29, 2012
JPMorgan says may face SEC action on mortgage bonds
(Reuters) - JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial ...
Tue, February 28, 2012
Moody's must face whistleblower analyst's claim
By Jonathan Stempel
(Reuters) - Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally ...
Mon, February 27, 2012
HSBC says it may face criminal charges for transactions
By Carrick Mollenkamp
(Reuters) - HSBC Holdings Plc
Mon, February 27, 2012
Napolitano defends U.S. drug war in face of legalization debate
By Ioan Grillo and David Alire Garcia
MEXICO CITY (Reuters) - Secretary of Homeland Security Janet Napolitano defended Washington's drug war strategy on Monday ...
Sun, February 26, 2012
American in NYC bomb case will likely face charges
By Joseph Ax
NEW YORK (Reuters) - Lawyers for an American accused of building a pipe bomb said on Sunday they expected an indictment against ...
Sun, February 26, 2012
"The Artist" paints golden picture at Oscars
By Bob Tourtellotte
LOS ANGELES (Reuters) - Hollywood showed some love for its history at the Oscars on Sunday, giving its best film award and ...
Wed, February 15, 2012
Gay marriage advances in Maryland, vetoed in New Jersey
By Alice Popovici
ANNAPOLIS, Maryland (Reuters) - Maryland's House of Delegates approved by a razor-thin margin a measure on Friday that would allow same-sex ...
Wed, February 15, 2012
Working pregnant women face rampant discrimination: agency
By Ian Simpson
WASHINGTON (Reuters) - More than three decades after Congress passed a law trying to protect pregnant women in the workplace, discrimination is ...
Tue, February 14, 2012
Apple may face iPad export ban in China trademark row
By Artemisia Ng and Melanie Lee
HONG KONG/SHANGHAI (Reuters) - A Chinese tech firm that claims it still owns the iPad trademark will seek ...
Mon, February 13, 2012
Saudi writer may face trial over Prophet Mohammad
By Asma Alsharif and Amena Bakr
JEDDAH/DUBAI (Reuters) - A young Saudi blogger and columnist has been deported to his homeland to face trial ...
Mon, February 13, 2012
Analysis: U.S. farmers may fail in fertilizer face-off
By Tom Polansek
CHICAGO (Reuters) - Steve Georgi is playing chicken with the world's biggest fertilizer makers.
The Indiana corn grower has postponed buying ...
Fri, February 10, 2012
The Disney Channel: more than just a pretty face
By Ron Grover and Lisa Richwine
LOS ANGELES (Reuters) - The Disney Channel -- home to bubbly fare from "Hannah Montana" to "High School Musical" -- has ...
Thu, February 09, 2012
More evidence big football players face heart risks
(Reuters) - The biggest professional football players in America may be more likely than their fellow players to die of heart disease, even though they ...
Thu, February 09, 2012
ECB opens door to indirect Greece aid
By Eva Kuehnen
FRANKFURT (Reuters) - European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally ...
Wed, February 08, 2012
Ex-TV producer sent to Mexico to face murder charge
LOS ANGELES (Reuters) - A former producer of the reality TV show "Survivor" was extradited to Mexico on Wednesday to stand trial for the 2010 ...
Wed, February 08, 2012
More evidence big football players face heart risks
By Amy Norton
NEW YORK (Reuters Health) - Pro football players may generally enjoy a longer-than-average lifespan -- but the biggest players may be more likely ...
Tue, February 07, 2012
NYPD head's son will not face sexual assault charges
NEW YORK (Reuters) - The New York District Attorney's Office will not bring sexual assault charges against Greg Kelly, ending a two-week probe of ...
Tue, February 07, 2012
Wayland Chief to Face State Police Inquiry
WAYLAND (WKZO) -- Wayland Chief of Police Dan Miller is under investigation.
He has been on medical leave, but will go on paid leave at ...
Mon, February 06, 2012
Neuroscience the new face of warfare: experts
By Kate Kelland
LONDON (Reuters) - Directed energy weapons that use wave beams to cause pain, and electrical brain stimulation that boosts a soldier's ...
Sat, February 04, 2012
Protests grip Cairo as pressure mounts for early vote
By Sherine El Madany
CAIRO (Reuters) - An Egyptian government building was set on fire on Sunday as protests disrupted the heart of Cairo for ...
Fri, February 03, 2012
Goldman to face mortgage debt class-action lawsuit
By Jonathan Stempel
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding ...
Fri, February 03, 2012
Greece launches long-awaited debt offer
By George Georgiopoulos
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the ...
Thu, February 02, 2012
Connecticut police in harassment scandal face trial in 2013
By Mary Ellen Godin
HARTFORD, Conn (Reuters) - Four East Haven, Connecticut police officers facing federal charges that they harassed and used excessive force against ...
Tue, January 31, 2012
Analysis: Obstacles high for more mortgage prosecutions
By David Henry and Lauren Tara LaCapra
NEW YORK (Reuters) - Despite the determination of President Obama to take Wall Street to court for the ...
Mon, January 30, 2012
Top U.S. spies to face grilling on Taliban, Iran talks
By Mark Hosenball and Warren Strobel
WASHINGTON (Reuters) - The possible release of detained Taliban leaders is likely to join Iran's nuclear ambitions at ...
Fri, January 27, 2012
Loved and loathed, Lana Del Rey set to face the music
By Piya Sinha-Roy
LOS ANGELES (Reuters) - Rarely has a pop star just starting out been so loved and loathed as Lana Del Rey, the ...
Thu, January 26, 2012
Exclusive: Chevron to face charges over Brazil spill
By Jeb Blount and Joshua Schneyer
CAMPOS, Brazil (Reuters) - A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its ...
Wed, January 25, 2012
Hingis tells Wozniacki to face down big hitters
By Greg Stutchbury
MELBOURNE (Reuters) - Caroline Wozniacki must grit her teeth and go toe-to-toe with the power players of women's tennis because they ...
Tue, January 24, 2012
Obama tax ideas face long odds ahead of election
By Kim Dixon
WASHINGTON (Reuters) - President Barack Obama's bid to get millionaires and multinational companies to pay more taxes may play well with ...
Tue, January 24, 2012
German man pleads innocent in Los Angeles arson spree
By Dan Whitcomb
LOS ANGELES (Reuters) - A German national pleaded innocent on Tuesday to charges stemming from a wave of fires set across Los ...
Mon, January 23, 2012
Couple accused of locking girl in bin face death penalty
By David Schwartz
PHOENIX (Reuters) - Arizona prosecutors said on Monday they will seek the death penalty against a couple accused of killing their 10-year-old ...
Sun, January 22, 2012
Ravens put on brave face after stinging loss
By Julian Linden
FOXBOROUGH, Massachusetts (Reuters) - The Baltimore Ravens put on a brave face after a heartbreaking 23-20 loss to the New England Patriots ...
Fri, January 20, 2012
"Miss Bala" puts human face on Mexico's drug war
By Iain Blair
LOS ANGELES (Reuters) - In a ripped-from-the-headlines story, the new movie "Miss Bala," which opens in limited U.S. release on Friday ...
Fri, January 20, 2012
Checks ordered on one third of A380 fleet
By Tim Hepher and Axelle du Crest
PARIS (Reuters) - Europe's safety regulator on Friday ordered urgent inspections on almost a third of the ...
Thu, January 19, 2012
Ordway to Face Psych Exam
GRAND RAPIDS (WKZO) -- Harold Ordway, the focus of a murder and missing person’s investigation, has been ordered by a federal magistrate to undergo ...
Wed, January 18, 2012
Indiana Democrats boycott state House, face fines
By Susan Guyett
INDIANAPOLIS (Reuters) - Indiana Republicans voted on Wednesday to begin fining Democratic state representatives $1,000 per day if they stay away ...
Wed, January 18, 2012
Indiana Democrats boycott state House, face fines
By Susan Guyett
INDIANAPOLIS (Reuters) - Indiana Republicans voted on Wednesday to fine Democratic state representatives $1,000 per day if they stay away from ...
Tue, January 17, 2012
After record heat and drought, Texas parks face crunch
By Corrie MacLaggan
JOHNSON CITY, Texas (Reuters) - Who wants to go camping without a camp fire, hiking in 105-degree heat or fishing in a ...
Mon, January 16, 2012
Wisconsin governor recall petitions to be filed
By Brendan O'Brien
MADISON, Wis (Reuters) - Organizers of a drive to recall Wisconsin Governor Scott Walker said they have far more signatures than ...
Sun, January 15, 2012
Ravens face top-seeded Pats for Super Bowl berth
By Steve Ginsburg
BALTIMORE (Reuters) - The Baltimore Ravens know full well the challenge that lies ahead when they hit the road for next week ...
Sat, January 14, 2012
Doomed liner's captain trades blame with shipowners
By Antonella Cinelli
GIGLIO, Italy (Reuters) - The operators of the Costa Concordia faced questions over their share of the blame for the shipwreck, as ...
Thu, January 12, 2012
Rampant Saints face test with solid 49ers defense
By Simon Evans
(Reuters) - The New Orleans Saints, looking for their second Super Bowl appearance in three seasons, take their offensive firepower to San ...
Tue, January 10, 2012
Swiss bank unfazed in face of any US legal action
By Martin de Sa'Pinto and Lynnley Browning
(Reuters) - Wegelin & Co, one of Switzerland's oldest banks, on Monday played down any threat by U.S. authorities to take legal action that could lead to charges that the bank enabled wealthy Americans to evade taxes.
In a statement emailed to Reuters, Wegelin said it did not fear the possibility of any such charges - sometimes a corporate death-knell, at least for American companies - by the Justice Department, which is conducting a criminal investigation of the bank's offshore private banking services.
The bank, which dates its founding to 1741, vowed to carry on what it called its interbank business - ties with other banks for moving clients' money around - and said it would maintain the support of Swiss financial authorities to do so.
Reuters, citing people with knowledge of the case, reported on Monday that U.S. authorities were moving toward taking legal action against Wegelin that could lead to an indictment on charges the bank enabled wealthy Americans to evade taxes.
The Wegelin statement said that "we must assume that the Swiss Financial Markets Authority and the Swiss National Bank - as the responsible Swiss authorities - will ensure that the interbank business is not disrupted under any circumstances."
The two Swiss agencies could not be reached for immediate comment.
"An indictment against Wegelin & Co as an entity is essentially no threat," the bank statement said.
"An indictment is not a conviction; furthermore, any subsequent conviction would be contested and thus not legally effective for a ...
Mon, January 09, 2012
After effort, Huntsman puts brave face on third place
By Ros Krasny
MANCHESTER, New Hampshire (Reuters) - Republican presidential candidate Jon Huntsman put a brave face on a third-place finish in the New Hampshire ...
Mon, January 09, 2012
Swiss central bank chief quits over wife's currency deal
By Catherine Bosley and Caroline Copley
BERNE (Reuters) - Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not ...
Mon, January 09, 2012
SNB chief to face grilling over currency scandal
By Catherine Bosley and Caroline Copley
BERNE (Reuters) - Swiss parliamentarians met on Monday to grill embattled central bank chief Philipp Hildebrand over the controversial ...
Sun, January 08, 2012
SNB chief to face grilling over currency scandal
By Caroline Copley
ZURICH (Reuters) - Embattled Swiss National Bank Chief Philipp Hildebrand faces a grilling by a parliamentary committee on Monday about a controversial ...
Thu, January 05, 2012
Steel curtain could fall on Tebow's playoff hopes
By Simon Evans
(Reuters) - Quarterback Tim Tebow and the Denver Broncos' route to the National Football League's (NFL) playoffs has been an unlikely ...
Thu, January 05, 2012
Mila Kunis is newest face of Dior
LOS ANGELES (Reuters) - "Friends with Benefits" actress Mila Kunis is the latest celebrity to become the face of Dior, the French fashion label said ...
Fri, December 30, 2011
Santorum comes under closer scrutiny in New Hampshire
By Steve Holland and Michelle Nichols
MANCHESTER/NORTHFIELD, New Hampshire (Reuters) - Republican presidential upstart Rick Santorum found himself under increasing scrutiny on Thursday as ...
Wed, December 28, 2011
Injured Cowboys quarterback Romo expects to face Giants
(Reuters) - Dallas Cowboys quarterback Tony Romo expects to play in Sunday's regular season finale against the New York Giants, when the NFC East ...
Sun, December 25, 2011
Syrian rebel leader threatens to escalate attacks
By Dominic Evans and Erika Solomon
BEIRUT (Reuters) - The commander of Syria's armed rebels has threatened to step up attacks on President Bashar ...
Fri, December 23, 2011
Santa rally may face test next week
By Angela Moon
NEW YORK (Reuters) - Get ready. The last trading week of the year will be a test for stocks to prove whether ...
Fri, December 23, 2011
Another face of the U.S. recession: homeless children
By Tom Brown
MIAMI (Reuters) - As her mother sat in a homeless shelter in downtown Miami, talking about her economic struggles and loss of ...
Wed, December 21, 2011
Berkeley protesters remain after eviction warning
BERKELEY, California (Reuters) - Anti-Wall Street protesters remained in a camp of about 20 tents in the Northern California college town of Berkeley on Thursday ...
Mon, December 19, 2011
Overstretched U.S. drone pilots face stress risk
By Phil Stewart
WASHINGTON (Reuters) - Flying drone aircraft over Afghanistan from the comfort of a military base in the United States is much more ...
Sun, December 18, 2011
Overstretched drone pilots face stress risk
By Phil Stewart
WASHINGTON (Reuters) - Flying drone aircraft over Afghanistan from the comfort of a military base in the United States is much more ...
Sun, December 18, 2011
Southwest, plains face blizzard warnings in big storm
OKLAHOMA CITY (Reuters) - The panhandles of Texas and Oklahoma were placed under a blizzard warning on Sunday as the Southwest and plains states braced ...
Sun, December 18, 2011
As soldiers leave, U.S. diplomats face huge Iraq challenge
By Andrew Quinn
WASHINGTON (Reuters) - As the last American soldiers leave Iraq, the U.S. State Department assumes the reins of a complex and ...
Fri, December 16, 2011
Analysis: Emerging borrowers face rollover risk, default threat
By Sujata Rao
LONDON (Reuters) - Scarce dollar funding and a retrenchment in bank lending will force up premiums for emerging market countries and companies ...
Thu, December 15, 2011
Rivals pounce on Gingrich at last Iowa debate
By Steve Holland and Deborah Charles
SIOUX CITY, Iowa (Reuters) - Republican presidential candidates pounced on front-runner Newt Gingrich on Thursday to try to blunt ...
Thu, December 15, 2011
Janet Jackson puts new "face" on weight loss
By Bob Tourtellotte
LOS ANGELES (Reuters) - It's no secret that Janet Jackson has battled weight issues her entire life, but what her fans ...
Wed, December 14, 2011
China exporters face "very severe" Q1 2012: Commerce Ministry
BEIJING (Reuters) - China's exporters will face "very severe" conditions in the first quarter of 2012, the Commerce Ministry said on Thursday, with Europe ...
Tue, December 13, 2011
Hitachi-LG venture executives face jail time
WASHINGTON (Reuters) - Three executives in a joint venture of Hitachi Ltd <6501.T> and LG Electronics <066570.KS> have agreed to plead guilty and serve several months in ...
Tue, December 13, 2011
Reality check: States tough on abortion face legal costs
By Mary Wisniewski and Jo Ingles
CHICAGO/COLUMBUS, Ohio (Reuters) - Bill Graber is not a fan of Roe v. Wade because the Ohio construction ...
Tue, December 13, 2011
States tough on abortion face legal costs
By Mary Wisniewski and Jo Ingles
CHICAGO/COLUMBUS, Ohio (Reuters) - Bill Graber is not a fan of Roe v. Wade because the Ohio construction ...
Tue, December 13, 2011
Former Penn State coach waives right to hearing
BELLEFONTE, Pa (Reuters) - Former Penn State assistant football coach Jerry Sandusky on Tuesday waived his right to a preliminary hearing on sex abuse charges ...
Sun, December 11, 2011
RBS report urges tougher rules on bank M&A, execs
By Steve Slater and Sudip Kar-Gupta
LONDON (Reuters) - Bank takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain's ...
Fri, December 09, 2011
Kelly Slater to face apprentice Florence in Pipeline showdown
By Will Swanton
OAHU, Hawaii (Reuters) - Kelly Slater won his first Pipeline Masters in 1992. It was the year John John Florence was born ...
Thu, December 08, 2011
Lightning's St. Louis out after taking puck to face
(Reuters) - Tampa Bay Lightning forward Martin St. Louis is out indefinitely after being struck in the face with a puck during his team's ...
Tue, December 06, 2011
City, EPA Expected to Face Off on Allied Paper Site
KALAMAZOO (WKZO) -- There may be another showdown coming between the City of Kalamazoo and the EPA over the Allied Paper dump.
City officials would ...
Fri, December 02, 2011
Detroit could face $400 million penalty in takeover scenario
(Reuters) - Detroit could face a penalty of $400 million if the city's finances are taken over by the state of Michigan, according to ...
Fri, December 02, 2011
Republicans face potential hard sell to women
By Patricia Zengerle
WASHINGTON (Reuters) - After a poor showing among female voters in the 2008 presidential election, the Republican Party might again have a ...
Thu, December 01, 2011
Cain accuser may face eviction from rented home
By Andrew Stern
CHICAGO (Reuters) - Sharon Bialek, the first woman to go public with sexual harassment accusations against U.S. Republican presidential candidate Herman ...
Thu, December 01, 2011
Nadal inspired by happy memories
By Iain Rogers
SEVILLE, Spain (Reuters) - Rafa Nadal will play Argentina's Juan Monaco in the opening singles rubber of the Davis Cup final ...
Wed, November 30, 2011
American Airlines workers face pension plight
By Jilian Mincer
NEW YORK (Reuters) - Millions of Americans remember US Airways pilot Chesley B. "Sully" Sullenberger III. In 2009, he became an instant ...
Wed, November 30, 2011
Big four auditors face break-up to restore trust
By Huw Jones
LONDON (Reuters) - The world's top four audit firms will have to split up and rename themselves under a far-reaching draft ...
Mon, November 28, 2011
Activision CEO taunts EA, talks up "Skylanders"
By Liana B. Baker
NEW YORK (Reuters) - Activision Blizzard
Sun, November 27, 2011
Police hold off on eviction of Los Angeles Occupy camp
By Jason Kandel
LOS ANGELES (Reuters) - Throngs of anti-Wall Street activists hunkered down in their Los Angeles camp for another night of uncertainty early ...
Thu, November 24, 2011
At least 23 dead in intensifying Syria violence
By Erika Solomon and Douglas Hamilton
BEIRUT (Reuters) - At least 23 people were reported killed in Syria Saturday as violence intensified in the eighth ...
Mon, November 21, 2011
Goldman CEO, CFO may face Gupta insider testimony
By Grant McCool
NEW YORK (Reuters) - Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein and Chief Financial Officer David Viniar could be asked ...
Fri, November 18, 2011
China rebuffs U.S., Asia pressure in sea dispute
By Ben Blanchard and Laura MacInnis
NUSA DUA, Indonesia (Reuters) - China pushed back on Saturday against a week of U.S. pressure to resolve ...
Fri, November 18, 2011
New York Occupy Wall Street protests face challenges
By Chris Francescani
NEW YORK (Reuters) - With just a few protesters huddled against the cold winds at Zuccotti Park on Friday, city officials are ...
Fri, November 18, 2011
Three million Afghans face hunger as winter looms: aid
By Nita Bhalla
NEW DELHI (AlertNet) - Up to three million people in Afghanistan are facing hunger, malnutrition and disease after a severe drought wiped ...
Fri, November 18, 2011
Three million Afghans face hunger as winter looms: aid
groups
By Nita Bhalla
NEW DELHI (AlertNet) - Up to three million people in Afghanistan are facing hunger, malnutrition and disease after a severe drought ...
Fri, November 18, 2011
Woman who overcame homelessness becomes face of job campaign
By Kelli Dugan
MOBILE, Ala (Reuters) - When Betty Fain saw the newspaper headline hyping a Mobile, Alabama shipyard's plan to hire 500 employees ...
Wed, November 16, 2011
Washington state man to face Bosnian war crimes charges
By Laura L. Myers
SEATTLE (Reuters) - A Washington state man accused of being a Bosnian army hit squad member has agreed to return to ...
Wed, November 16, 2011
SeaWorld defends protocols in face of federal safety charges
By Barbara Liston
SANFORD, Fla (Reuters) - A SeaWorld Orlando training official testified on Wednesday that neither she nor the theme park company had intentionally ...
Tue, November 15, 2011
Spider-Man Garfield comes face to face with comedy imposter
SNL regular Andy Samberg dangled upside down from the rafters dressed as the superhero on the show as Stone opened the comedy skit show ...
Mon, November 14, 2011
New Italy PM wins confidence vote on tough reform plans
By James Mackenzie and Gavin Jones
ROME (Reuters) - Italian Prime Minister Mario Monti comfortably won a vote of confidence in his new government on ...
Mon, November 14, 2011
Brussels seeks tight budget control, ECB impatient
By Jan Strupczewski and Sakari Suoninen
BRUSSELS/FRANKFURT (Reuters) - The European Commission is seeking far tighter control of national budgets to combat the euro ...
Mon, November 14, 2011
Waylett to face trial over London riots
The 22 year old, who starred as bully Vincent Crabbe in the wizard franchise, is accused of handling a petrol bomb during clashes in ...
Sun, November 13, 2011
Waylett to face trial over London riots
The 22 year old, who starred as bully Vincent Crabbe in the wizard franchise, is accused of handling a petrol bomb during clashes in ...
Sat, November 12, 2011
Waylett to face trial over London riots
The 22 year old, who starred as bully Vincent Crabbe in the wizard franchise, is accused of handling a petrol bomb during clashes in ...
Mon, November 07, 2011
Kristen Stewart Punched Chris Hemsworth in the Face: Late Last Night
Last night on The Tonight Show, The Twilight Saga: Breaking Dawn star Kristen Stewart paid a visit to talk about punching Chris Hemsworth in ...
Sun, November 06, 2011
Kristen Stewart Punched Chris Hemsworth in the Face: Late Last Night
Last night on The Tonight Show, The Twilight Saga: Breaking Dawn star Kristen Stewart paid a visit to talk about punching Chris Hemsworth in ...
Sat, November 05, 2011
Kristen Stewart Punched Chris Hemsworth in the Face: Late Last Night
Last night on The Tonight Show, The Twilight Saga: Breaking Dawn star Kristen Stewart paid a visit to talk about punching Chris Hemsworth in ...
Mon, October 31, 2011
Polish cops face firing over Hilton job
The reality TV star travelled to Poland earlier this month (Oct11) and three cops from the European country's prestigious anti-terrorist unit acted as ...
Sun, October 30, 2011
Polish cops face firing over Hilton job
The reality TV star travelled to Poland earlier this month (Oct11) and three cops from the European country's prestigious anti-terrorist unit acted as ...
Sat, October 29, 2011
Polish cops face firing over Hilton job
The reality TV star travelled to Poland earlier this month (Oct11) and three cops from the European country's prestigious anti-terrorist unit acted as ...
Mon, October 24, 2011
'Grey's Anatomy' Recap: Poker Face
S8E5: Tonight's Grey's Anatomy took on a rather steamy turn as some of the Seattle Grace residents got in touch with their ...
Sun, October 23, 2011
'Grey's Anatomy' Recap: Poker Face
S8E5: Tonight's Grey's Anatomy took on a rather steamy turn as some of the Seattle Grace residents got in touch with their ...
Sat, October 22, 2011
'Grey's Anatomy' Recap: Poker Face
S8E5: Tonight's Grey's Anatomy took on a rather steamy turn as some of the Seattle Grace residents got in touch with their ...
Wed, October 12, 2011
China trade surplus shrinks as global woes deepen
By Langi Chiang and Koh Gui Qing
BEIJING (Reuters) - China's trade surplus narrowed for a second straight month in September to $14.5 ...
Wed, October 12, 2011
EBay CEO positive in face of weak economy
SAN FRANCISCO (Reuters) - EBay Inc Chief Executive John Donahoe gave a positive outlook on Tuesday in the face of slowing economic growth and early ...
Wed, October 12, 2011
Rajaratnam's health claims likely to face scrutiny
By Andrew Longstreth
NEW YORK (Reuters) - When lawyers for former hedge fund tycoon Raj Rajaratnam raised his failing health in advance of his sentencing ...
Wed, October 12, 2011
'Breaking Bad' Season Finale Recap: Face Off
S04E13: Let's be honest. Almost nothing was going to live up to our excitement for the Breaking Bad Season 4 finale. First of ...
Tue, October 11, 2011
Obama says Iran to face toughest possible sanctions
By Susan Cornwell and Alister Bull
WASHINGTON (Reuters) - President Barack Obama warned Iran on Thursday it would face the toughest possible sanctions for an ...
Tue, October 11, 2011
'Breaking Bad' Season Finale Recap: Face Off
S04E13: Let's be honest. Almost nothing was going to live up to our excitement for the Breaking Bad Season 4 finale. First of ...
Sat, October 08, 2011
Dutch coffee shops face new curbs on cannabis sale
By Greg Roumeliotis
AMSTERDAM (Reuters) - Coffee shops in the Netherlands were left wondering on Saturday how to comply with restrictions announced by the Dutch ...
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