News archive from 18 May 2012

JPMorgan CEO willing to appear before Senate panel

WASHINGTON (AP) — JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.Chairman Sen. Tim Johnson, a South Dakota Democrat, says he has invited Dimon to testify about the loss...

Chron, 17:00 in World News
 
US eases economic sanctions to reward Myanmar

US eases economic sanctions to reward Myanmar

WASHINGTON (AP) — President Barack Obama on Thursday declared a new chapter in U.S. relations with Myanmar, easing an investment ban and naming the first U.S. ambassador to the former pariah state in 22 years to reward it for democratic...

Chron, 17:00 in World News
 

Biographical info on Mark Zuckerberg, Facebook CEO

Mark Zuckerberg is selling 30.2 million shares as part of Facebook Inc.'s initial public offering of stock. With shares priced at $38 each, he's receiving $1.15 billion. Even after the IPO, Zuckerberg remains Facebook's single largest shareholder. He...

 

South Coast Repertory lines up Guirgis, Hwang for new season

The new 2012-13 season at South Coast Repertory in Costa Mesa is scheduled to feature recent comedies by Stephen Adly Guirgis and David Henry Hwang, as well as a world-premiere work by playwright Noah Haidle. The season is also to feature plays by...

 

Number of active users at Facebook over the years

Growth in the number of active users at Facebook, defined as someone who logs on at least once a month: December 2004: 1 million. December 2005: 5.5 million. December 2006: 12 million. April 2007: 20 million. October 2007: 50 million. August 2008: 100...

 

Review: Striking visuals lift 'Cold Dream Colour' at REDCAT

Visceral expressionism and a prodigious visual beauty coalesced in "Cold Dream Colour," a dance-theater homage to seminal Irish artist Louis le Brocquy. It received its U.S. premiere at a sold-out performance Wednesday evening (continuing...

 

Caterpillar shares fall on 3-month sales figures

NEW YORK-Shares of Caterpillar Inc. fell Thursday after the maker of heavy equipment reported slower growth in dealer sales. THE SPARK: Caterpillar said worldwide retail sales of machines rose 12 percent in the three months ending April 12. That was...

 

Budget official picked for top cybersecurity post

WASHINGTON-The White House has selected the head of the intelligence branch in its budget office to be President Barack Obama's top adviser on cybersecurity issues, a move that comes as Congress and the Obama administration are at odds over how best...

 

Brazil judge sentences Twitter user

SAO PAULO-A federal judge has sentenced a former law student to 17 months in prison for using Twitter to incite prejudice and discrimination against people from Brazil's impoverished northeast. A court statement says that Judge Monica Camargo...

 

Reports: HP poised to eliminate up to 30,000 jobs

SAN FRANCISCO-Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets. Bloomberg News says HP is mulling...

 

Box Office Preview: Expect Avengers to win battle

LOS ANGELES-Disney/Marvel's "The Avengers" should top the domestic box office for a third straight weekend, fending off wide-release newcomers with another $50 million in receipts. It would give the money-making superheros the second-best...

 

NCAA transfer restrictions won't be easily lifted

The NCAA is examining transfer rules after a spate of high-profile cases that has critics saying too much power is in the hands of athletic directors and coaches. The issue came to the forefront in men's basketball over the winter when 7-foot center...

 

Canada OKs Osiris drug; first stem cell therapy

BOSTON (Reuters) - Osiris Therapeutics Inc said on Thursday that Canadian health regulators have approved its treatment for acute graft-versus host disease in children, making it the first stem cell drug to be approved for a systemic disease anywhere...

 

Court rules NY town's prayer violated Constitution

GREECE, N.Y. (AP) — A federal appeals court has ruled an upstate New York town board violated the constitutional ban against favoring one religion over another by opening nearly every meeting over an 11-year span with prayers that stressed...

Chron, 17:04 in World News
 

Spitting charge dropped against McDonald's worker

GREENVILLE, S.C. (AP) — A South Carolina McDonald's worker has been cleared of a charge that he spit into two customers' cups of iced tea.A judge on Thursday dropped the charge against 19-year-old Marvin Washington Jr. during a hearing in...

Chron, 17:04 in World News
 

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