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U.S. News Headlines - Yahoo! News
(Last updated Tue May 26 1:28:10 EDT 2015)
Obama heralds first U.S. Memorial Day without ground war in 14 years

Obama delivers remarks at the Memorial Day observance at Arlington National Cemetery in Arlington, VirginiaPresident Barack Obama heralded the first U.S. Memorial Day in 14 years without a major ground war in an annual ceremony of remembrance on Monday for fallen American forces. In remarks at Arlington National Cemetery near Washington, Obama paid tribute to U.S. military personnel who served in conflicts such as World War Two as well as the more recent wars in Iraq and Afghanistan, which he wound down as commander in chief. "For many of us, this Memorial Day is especially meaningful.


Posted Monday, May 25, 2015 2:45 pm EDT

Cleveland, U.S. Justice Department reach settlement over police: New York Times

Cleveland mounted police patrol the streets as protesters march out of the city following the not guilty verdict for Cleveland police officer Brelo on manslaughter charges in ClevelandCleveland has reached a settlement with the U.S. Justice Department over what federal authorities said was a pattern of unconstitutional policing and excessive use of force, the New York Times reported on Monday. The settlement could be announced as early as Tuesday, the newspaper said, citing people briefed on the matter. The settlement would come days after a judge declared a white Cleveland police officer not guilty in the shooting deaths of an unarmed black man and a woman in 2012.


Posted Monday, May 25, 2015 8:56 pm EDT

Plane safe? Hacker case points to deeper cyber issues

An illustration picture shows projection of binary code on man holding aptop computer in WarsawSecurity researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit. Other security researchers say Roberts - who was quoted by the FBI as saying he once caused "a sideways movement of the plane during a flight" - has helped draw attention to a wider issue: that the aviation industry has not kept pace with the threat hackers pose to increasingly computer-connected airplanes. It will force the hand of organizations (in the aviation industry)," says Jonathan Butts, a former US Air Force researcher who now runs a company working on IT security issues in aviation and other industries.


Posted Monday, May 25, 2015 5:05 pm EDT

Horses return to Mackinac Island in rite of spring

In a photo from Wednesday, May 6, 2015 in Mackinac Island Mich., United Parcel Service driver Dan Minta delivers packages on the island using a horse drawn cart. Horses do the heavy lifting on the island, hauling people and cargo across the car-free tourist destination in northern Michigan. Many of the 500 horses that are so vital to the island’s operations during the warm-weather months over winter on farms. (AP Photo/Carlos Osorio)MACKINAC ISLAND, Mich. (AP) — Horses do the heavy lifting on Mackinac Island, hauling people and cargo across the car-free tourist destination in northern Michigan.


Posted Tuesday, May 26, 2015 1:10 am EDT

Sports News Headlines - Yahoo! News
(Last updated Tue May 26 1:28:11 EDT 2015)
Curry injury scare overshadows Rockets win to avoid sweep

NBA: Playoffs-Golden State Warriors at Houston Rockets(Reuters) - The Golden State Warriors survived a major injury scare to NBA MVP Stephen Curry but still lost the game as a pumped up Houston Rockets staved off playoff elimination with a 128-115 victory on Monday. Curry went down in the second quarter of Game Four in the Western Conference Finals, falling hard on his upper back and neck after flipping over the back of Rockets forward Trevor Ariza, silencing a previously raucous Houston home crowd.


Posted Tuesday, May 26, 2015 12:32 am EDT

Chicago Bears drop defender McDonald after new arrest

Defensive end Ray McDonald has been released by the Chicago Bears hours after being arrested on charges of domestic violence and child endangermentDefensive end Ray McDonald was released by the Chicago Bears, hours after being arrested in California on charges of domestic violence and child endangerment. It was the third incident in nine months for McDonald, although no charges have yet been filed against him in any of the cases. McDonald was arrested last August on suspicion of felony domestic violence but he was never charged.


Posted Monday, May 25, 2015 9:44 pm EDT

Business at the high end is grand for Trump

Real estate magnate Trump plays golf during the opening of his Trump International Golf Links golf course near Aberdeen, northeast ScotlandBy Larry Fine NEW YORK (Reuters) - Warning bells have sounded on the health of golf, from lower participation and course closures to environmental demands for reduced water use, but billionaire Donald Trump says business at the high end is grand. Trump on Tuesday will stage the grand opening of Trump Links at Ferry Point, his latest golf enterprise, where he oversaw the transformation of a New York City dump into a jewel of a public course designed by Jack Nicklaus. People are thrilled," the businessman told Reuters from behind his massive desk on the top floor of Trump Tower on Manhattan's Fifth Avenue.


Posted Monday, May 25, 2015 5:31 pm EDT

Golf-Business at the high end is grand for Trump
(Fixes typo in first paragraph) By Larry Fine NEW YORK, May 25 (Reuters) - Warning bells have sounded on the health of golf, from lower participation and course closures to environmental demands for reduced water use, but billionaire Donald Trump says business at the high end is grand. Trump on Tuesday will stage the grand opening of Trump Links at Ferry Point, his latest golf enterprise, where he oversaw the transformation of a New York City dump into a jewel of a public course designed by Jack Nicklaus. People are thrilled," the businessman told Reuters from behind his massive desk on the top floor of Trump Tower on Manhattan's Fifth Avenue. Posted Monday, May 25, 2015 5:28 pm EDT

Business News Headlines - Yahoo! News
(Last updated Tue May 26 1:28:11 EDT 2015)
Asian shares turn higher as China rallies, dollar up

A pedestrian is reflected in an electronic board showing the various stock prices outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) - Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session. Hong Kong's Hang Seng index jumped 1.5 percent, flirting with seven-year highs, on expectations of more money inflows from the mainland following Beijing's fresh moves to expedite cross-border investment.


Posted Monday, May 25, 2015 11:22 pm EDT

Charter Communications nears $55 billion deal for Time Warner Cable

Time Warner Cable office is pictured in San DiegoTime Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a triumph for Charter, which was rejected by Time Warner Cable just last year. The cash-and-stock deal values Time Warner Cable at $195 per share, according to sources, and comes just one month after Comcast dropped its $45.2 billion merger agreement with Time Warner Cable, clinched in February 2014, over antitrust concerns.


Posted Monday, May 25, 2015 8:55 pm EDT

Fed's Fischer: Too much weight placed on Fed's first rate hike

U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New YorkU.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years. Fischer, speaking in Israel, said that while markets largely expect the first rate hike in September, it will be determined by data and not by date. "What we are thinking about is raising the interest rate from zero, which is an ultra expansionary monetary policy to a quarter percent, which is an extremely expansionary monetary policy.


Posted Monday, May 25, 2015 12:45 pm EDT

Regulation should be main tool against bubbles: Fed's Mester

Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in WashingtonCentral bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main tool to prevent bubbles. "I would opt to use the macroprudential tools as the first line of defense, since they can be more targeted to the markets and institutions where the risks are emerging," Cleveland Fed President Loretta Mester said in remarks prepared for delivery to the annual conference in of the Financial Intermediation Research Society, a group she helped found, meeting in Reykjavik, Iceland. "However, I do think that when we are making policy decisions, we should be cognizant of the linkages between our nonconventional monetary policy of an extended period of essentially zero interest rates and financial stability." The concern that the Fed's near-zero rates, in place since December 2008, could be creating new bubbles and an eventual crisis has motivated a few Federal Reserve officials to push for the U.S. central bank to start raising rates sooner than later.


Posted Monday, May 25, 2015 9:12 am EDT





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