Euro adds more gains on dollar

NEW YORK: The euro surged for a second day Friday, adding 0.7 US cents to Thursday's two cent gain, pushed by what one analyst said was short covering and sustained by poor US trade data.The European currency traded roughly around the break-even line of $1.3261 but then took a leap to the $1.3350 levels the morning opening -- just 15 minutes before US trade data for November showed a wider-than-expected...

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John McAfee brings his `Where's Waldo' act to Portland

A photo of software founder of John McAfee on Dec. 12, 2012. McAfee was released from detention in Guatemala and was scheduled to fly to the U.S.(Credit:CBS News) Last time we checked, John McAfee was on the lam from -- well, whoever it was that he said was after him in Belize. But the former software mogul, who was deported to the United States after fleeing to Guatemala, has decided to pitch his...

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Budget deficit set to hit $1 trillion for fifth straight year

WASHINGTON The U.S. annual budget deficit is on track to reach $1 trillion for a fifth straight year, though government revenue jumped last month as people paid some taxes early to avoid higher rates in 2013.The Treasury Department said Friday that the federal deficit grew just $260 million in December. But for the first three months of the budget year, the deficit widened to $292 billion.In December,...

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James Holmes Told to 'Rot in Hell' By Victim's Dad

The father of a young woman allegedly slain by James Holmes in the Aurora movie theater massacre yelled "Rot in hell, Holmes" during a court hearing today.The outburst by Steve Hernandez prompted judge William Sylvester to have an off-the-record conference with prosecutors and defense attorneys. Sylvester then reconvened court to address the issue while armed court deputies...

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Obama: U.S. forces to move to Afghan support role in spring

Jan 11 (Reuters) - Tiger Woods may guarantee packed galleries but even the oil-rich Qataris cannot afford the former world number one's appearance fee for the only European Tour event in the Gulf state. The American's involvement at the Jan. 23-26 Qatar Masters would cost a whopping $3 million, said Qatar Golf Association president Hassan al Nuaimi. "Tiger Woods demands $3 million just for an appearance,...

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American Express cuts 5,400 jobs

American Express said Thursday it would lay off 8.5 per cent of its workforce in 2013, in an effort to contain operating expenses and adapt to customers moving to online and mobile platforms.The bank said it would eliminate 5,400 jobs, though some of those will be offset by new positions, for a net cut of 4-6 per cent of the 63,500-strong workforce.The layoffs will span different staff...

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NASA says massive spiral galaxy is 5 times size of Milky Way

Composite image of the giant barred spiral galaxy NGC 6872 (Credit:NASA) Most of the big news this week came out of Las Vegas where gadget geeks gathered for the Consumer Electronics Show. But now for some mind-blowing stuff, courtesy of NASA: An international team of astronomers has determined that a stellar system called NGC 6872 is more than five times the size of our Milky Way galaxy and thus...

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Student shot at Calif. high school by classmate

Updated at 4:14 p.m. ET TAFT, Calif. A 16-year-old student armed with a shotgun walked into class in a rural California high school on Thursday and shot one student, fired at another but missed, and then was talked into surrendering by a teacher and another staff member, officials said. The teen victim was in critical but stable condition, Kern County Sheriff Donny Youngblood told a press conference....

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Biden Hints at Executive Order on Gun Control

Vice President Biden, meeting today with outside groups on gun safety, told reporters he has already started putting together a list of recommendations that he plans to issue next Tuesday.He has suggested the administration would be ready to take executive action on the issue, which would not require votes from Congress. That prospect has raised alarm bells for gun rights advocates.Biden...

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Twin explosions kill 56 in Pakistani city of Quetta: police

(Reuters) - Twin explosions killed at least 56 people in the Pakistani city of Quetta on Thursday evening, a police official said, hours after a bombing in Quetta's market killed 11. The death toll in the latest blasts could rise, according to Deputy Inspector of Police Hamid Shakil. The first explosion, in a snooker hall, appeared to be a suicide bombing, local residents...

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