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Oil prices climb as Iran threatens EU supply cut (AP)

Flames shoot into the air after a gas pipeline explosion in the Sinai peninsula, 240 miles (374 kilometers) southeast of Cairo, Egypt, Sunday, Feb. 5, 2012. An Egyptian security official says attackers have set off explosives along a gas pipeline in the country's Sinai peninsula, halting exports to neighboring Israel and Jordan. The blast that took place Sunday at dawn is the twelfth successful attack on the line since the popular uprising that ousted longtime Egyptians leader Hosni Mubarak in February last year. The official says the attack by presumed Islamist militants caused huge fires, but fire engines put it out hours later. (AP Photo/Khaled Kandil)AP - Oil prices are rising as Iran again threatens to cut off supplies to Europe.


Long-awaited ruling on CA gay marriage ban due (AP)

Assemblyman Timothy Eustace, right, D- Paramus, listens in Trenton, N.J., Thursday, Feb. 2, 2012, as son Kyle Eustace-Williams speaks fondly about his gay parents while addressing the Assembly Judiciary Committee in support of a bill legalizing gay marriage. (AP Photo/Mel Evans)AP - Supporters and opponents of California's ban on same-sex marriage were anxiously awaiting a federal appeals court decision Tuesday on whether the voter-approved measure violates the civil rights of gay men and lesbians.


Watchdogs to drag shadow banks into the light (Reuters)

Reuters - Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger the next chapter in the global financial crisis.

Komen VP steps down after Planned Parenthood flap (Reuters)

Reuters - A senior executive of the breast cancer charity Susan G. Komen for the Cure has resigned after a public outcry over the group's decision to cut funding to women's health organization Planned Parenthood.

Gulf states to expel Syrian envoys, recall their own

Gulf monarchies joined mounting international pressure on the Syria regime on Tuesday, deciding to expel its envoys and withdraw their own over the "mass slaughter" of civilians.

Delaware officials wrestle over mortgage deal (Reuters)

Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

Special operations' Afghan role could be expanded (AP)

Navy Adm. Bill McRaven, commander of the U.S. Special Operations Command, addresses the National Defense Industrial Association (NDIA), in Washington, Tuesday, Feb. 7, 2012. (AP Photo/Charles Dharapak)AP - Adm. Bill McRaven said Tuesday that special operations forces in Afghanistan are preparing for a possible expanded role as overall U.S. forces begin to draw down after a decade of war.


APNewsBreak: Komen exec quits after funding flap (AP)

FILE - In a Tuesday Aug. 10, 2010 file photo, Georgia gubernatorial candidate Karen Handel speaks to reporters after casting her ballot in the Georgia runoff election in Roswell, Ga. Handel, executive with the Susan G. Komen for the Cure breast-cancer charity, announced her resignation as vice president for public policy Tuesday, Feb. 7, 2012 in a letter to Komen officials, after a dispute over funding for Planned Parenthood.  (AP Photo/John Bazemore, File)AP - A high-ranking official resigned Tuesday from the Susan G. Komen for the Cure breast-cancer charity after a dispute over whether the group should give funding to Planned Parenthood, according to a letter obtained by The Associated Press.


Bernanke cautions about budget shocks next year (AP)

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, February 7, 2012.   REUTERS/Jason Reed   (UNITED STATES - Tags: POLITICS BUSINESS)AP - Federal Reserve Chairman Ben Bernanke is urging senators to resolve debates over tax cuts that expire this month and at the end of the year, saying uncertainty around both could slow the economy.


Summary Box: Coke adjusted 4Q results beat Street (AP)

AP - THE NEWS: Coca-Cola Co.'s fourth-quarter net income fell 71 percent in the fourth quarter, mainly due to a benefit it received last year buying North American operations of one of its bottlers.

Staff removed at LA school during abuse probe (AP)

Ivis Urbina, right, with her granddaughter Alexa Agillon, 6, protest with others outside Miramonte Elementary school in Los Angeles Monday, Feb. 6, 2012. About three dozen parents and supporters staged a protest at the Los Angeles-area school rocked by allegations of lewd conduct crimes by two teachers against children. They demanded greater communication with education officials and the placement of cameras in classrooms and hallways at Miramonte Elementary School. (AP Photo/Damian Dovarganes)AP - The entire staff at a Los Angeles elementary school is being removed while authorities investigate horrific allegations of sexual abuse by two of the school's teachers, one of whom is accused of blindfolding children, taping their mouths and photographing them in a classroom.


Pa. college machine dispenses 'morning-after' pill (AP)

AP - Students at a Pennsylvania university can obtain the "morning-after" pill from an unusual source — a vending machine at the campus health center.

Bernanke's testimony on economy to Senate panel (Reuters)

U.S. Federal Reserve Chairman Ben Bernanke testifies before a Senate Budget Committee hearing on the outlook for the U.S. Monetary and Fiscal Policy on Capitol Hill in Washington, February 7, 2012.   REUTERS/Jason Reed   (UNITED STATES - Tags: POLITICS BUSINESS)Reuters - Below are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Tuesday on the state of the U.S. economy to the Senate Budget Committee. Bernanke's prepared testimony was virtually identical to testimony on Thursday to the House Budget Committee.


Greece drafts bailout text for parties as talks inch forward (Reuters)

Reuters - Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a chaotic debt default.

Ticker-tape parade for New York Giants on Broadway (AP)

Fans line the streets in lower Manhattan waiting for the start of the New York Giants Superbowl parade in New York, Tuesday, Feb. 7, 2012. Eli Manning and the New York Giants are Super Bowl champions again. Just as they did four years ago in Arizona, Tom Coughlin's Giants have defeated Bill Belichick's New England Patriots, this time 21-17 in Indianapolis for their fourth Lombardi Trophy. (AP Photo/Seth Wenig)AP - The New York Giants are celebrating their Super Bowl win with a ticker-tape parade in the Canyon of Heroes on Broadway, where the city has honored stars for almost a century.


AP Enterprise: Brown bank regulator an insider (AP)

In this photo taken Monday Jan. 9, 2012, Jan Owen, Gov. Jerry Brown's appointee to head the Department of Corporations, testifies before the Assembly Banking Committee in Sacramento, Calif. Consumer groups say Owen's background working for companies that were at the heart of the mortgage meltdown raises questions about her approach at the department that oversees California banking, financial and consumer regulations. (AP Photo/Rich Pedroncelli)AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.


Wall St edges higher as Greece draws up bailout terms (Reuters)

Traders work on the floor of the New York Stock Exchange, February 6, 2012. REUTERS/Brendan McDermidReuters - Stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.


Forty States Sign On to Foreclosure 'Robo' Settlement

Attorneys general from more than 40 states have signed on to a proposed settlement agreement with five of the nation's largest mortgage servicers over "robo-signing" foreclosure processing abuses, ...

Obama proposes money for math, science education (Reuters)

Reuters - President Barack Obama will seek $80 million in new funding for a program to boost science and math education in U.S. schools, the White House said on Tuesday.

Obama proposes money for math, science education (Reuters)

Reuters - President Barack Obama will seek $80 million in new funding for a program to boost science and math education in U.S. schools, the White House said on Tuesday.

Job openings rise to 3.4 million in December (Reuters)

Reuters - The number of jobs waiting to be filled rose in December as employers tried to ramp up hiring in factories, retail and business services, the government said on Tuesday.

Job openings rise to 3.4 million in December (Reuters)

Reuters - The number of jobs waiting to be filled rose in December as employers tried to ramp up hiring in factories, retail and business services, the government said on Tuesday.

TIME Roundtable: What Does It Mean to Be a Conservative in America Today? (Time.com)

Time.com - Mitt Romney's advance toward the Republican nomination has provoked a lively conversation about what it means to be a conservative in America today.

Gingrich's Guardian Angel: Could Sheldon Adelson Back Mitt Romney? (Time.com)

Time.com - Whether or not Newt Gingrich can carry on a real campaign against Mitt Romney depends in large measure on his political guardian angel, the Las Vegas casino billionaire Sheldon Adelson

Egyptians cancel meetings with US lawmakers (AP)

AP - Egyptian officials have abruptly canceled meetings scheduled with U.S. lawmakers amid growing tensions between the two countries.

Ex-Sen. Bob Kerrey not running again for Neb. seat (AP)

FILE - In this Oct. 9, 2008 file photo, former U.S. Sen. Bob Kerrey speaks during a healthcare debate in Lincoln, Neb. The former one-term Nebraska governor and two-term U.S. senator said Tuesday, Feb. 7, 2012 that he won't seek the Democratic nomination for Nebraska Senate seat he formerly held to replace U.S. Sen. Ben Nelson, D-Neb. (AP Photo/Nati Harnik)AP - Former Sen. Bob Kerrey said Tuesday he will not run for the Nebraska Senate seat he gave up more than a decade ago, shutting down hopes for a bid both parties called Democrats' best chance to hold the seat.


Ex-Sen. Bob Kerrey not running again for Neb. seat (AP)

FILE - In this Oct. 9, 2008 file photo, former U.S. Sen. Bob Kerrey speaks during a healthcare debate in Lincoln, Neb. The former one-term Nebraska governor and two-term U.S. senator said Tuesday, Feb. 7, 2012 that he won't seek the Democratic nomination for Nebraska Senate seat he formerly held to replace U.S. Sen. Ben Nelson, D-Neb. (AP Photo/Nati Harnik)AP - Former Sen. Bob Kerrey said Tuesday he will not run for the Nebraska Senate seat he gave up more than a decade ago, shutting down hopes for a bid both parties called Democrats' best chance to hold the seat.


Komen official resigns after Planned Parenthood dispute (Politico)

Politico - The V.P. for public policy announces her resignation in a letter to Komen officials Tuesday.

Gulf states fuel Syria isolation

Gulf Arab states expel Syria's ambassadors, accusing Damascus of shunning Arab efforts to end months of bloodshed, as Russian officials visit President Assad.

Dad who killed self, sons in blaze left voicemail (AP)

In this undated photo provided by Chuck and Judy Cox, Chuck Cox sits with his grandsons, Charlie, left, and Braden, right, at the Coxes home in Pullayup, Wash. Charlie and Braden were killed along with their father, Josh Powell, on Sunday in what police said was an intentional fire set by Powell. Chuck Cox is the father of Powell's wife, Susan, who has been missing since 2009. (AP Photo/Courtesy Chuck and Judy Cox)AP - Before setting his house ablaze and killing himself and his two young sons, Josh Powell left a voicemail for family members saying he couldn't live without the boys and didn't want to go on anymore.


Global watchdog official says banking reforms must proceed (Reuters)

Reuters - The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board (FSB), a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.

Bernanke repeats vow to shield U.S. from Europe fallout (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.

Bernanke repeats vow to shield U.S. from Europe fallout (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.

They're Food Stamps -- Not Junk Food Stamps (ContributorNetwork)

ContributorNetwork - COMMENTARY | As reported in an article by the Sun Sentinel, two lawmakers in Florida, Rep. Scott Plakon, R-Longwood and Sen. Ronda Storms, R-Valrico, are attempting to pass legislation that would ban the use of food stamps to purchase soda, sweets, and junk food. While they feel that taxpayers shouldn't have to "foot the bill for Mountain Dew," a sentiment shared by many Americans, some people, including Plakor and Storms' fellow GOP colleagues, feel it's not up to the government to decide what people can and cannot eat.

U.S. Companies 'Yammer' for a Productivity Revolution (ContributorNetwork)

ContributorNetwork - SAN FRANCISCO -- In a pleasant surprise, the Department of Labor has reported an another increase in total nonfarm employment. The U.S. added 243,000 jobs in January, ticking the unemployment rate to 8.3 percent.

Coca-Cola beats Street, eyes cost savings (Reuters)

Reuters - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday that it will use to boost its brands and mitigate higher commodity costs.

Obama campaign urges fundraisers to back super PAC (AP)

FILE - In this Feb. 2, 2012 file photo, President Barack Obama speaks in Washington. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country. (AP Photo/Susan Walsh, File)AP - President Barack Obama's re-election campaign is asking top fundraisers to support a Democratic-leaning outside group that is backing his bid for a second term, reversing Obama's opposition to "super" political action committees that can spend unlimited amounts of cash to influence elections.


Glencore-Xstrata deal meets shareholder opposition (Reuters)

Reuters - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading.

PIMCO'S El-Erian favors long-duration bonds, gold and oil (Reuters)

Reuters - Given the state of the global economy, investors should be underweight equities while favoring "selected commodities" such as gold and oil for the "geopolitical risk", Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.

Axelrod defends administration birth control rule (AP)

AP - A political adviser to President Barack Obama said Tuesday the administration didn't intend to "abridge anyone's religious freedom" with its regulation requiring church-affiliated employers to cover birth control for their workers.

Axelrod defends administration birth control rule (AP)

AP - A political adviser to President Barack Obama said Tuesday the administration didn't intend to "abridge anyone's religious freedom" with its regulation requiring church-affiliated employers to cover birth control for their workers.

Greek party leaders seek deal as bankruptcy looms (AP)

Pedestrians walk across the tram lines at Athens' main Syntagma square, during a 24 hour strike on Tuesday, Feb. 7, 2012. A general strike against the impending cutbacks stopped train and ferry services nationwide, while many schools and banks were closed and state hospitals worked on skeleton staff. Heads of the three parties backing the interim government will confer with Prime Minister Lucas Papademos on new income cuts and job losses, which Greece's eurozone partners and the International Monetary Fund are demanding to keep the country's vital rescue loans flowing. (AP Photo/Dimitri Messinis)AP - Greek party leaders will seek Tuesday a long-delayed agreement on harsh cutbacks that bailout creditors demanded to save the country from bankruptcy but which have fueled nationwide outrage — a general strike snarled public services and thousands of protesters took to the streets of Athens.


Mo. teen killer had troubled family, depression (AP)

FILE - In this Dec. 8, 2009 file photo, Alyssa Bustamante, 15, listens during a brief hearing where her attorney entered not guilty pleas on her behalf to charges of armed criminal action and first-degree murder in Cole County Circuit Court in Jefferson City, Mo. Bustamante, who admitted stabbing, strangling and slitting the throat of a young neighbor girl, wrote in her journal on the night of the killing that it was an 'ahmazing' and 'pretty enjoyable' experience — then headed off to church with a laugh. The words written by Bustamante were read aloud in court Monday, Feb. 6, 2012, as part of a sentencing hearing to determine whether she should get life in prison or something less for the October 2009 murder of her neighbor, 9-year-old Elizabeth Olten, in a small town west of Jefferson City. (AP Photo/Kelley McCall, Pool, File)AP - Abandoned by her mother and missing a father in prison, Alyssa Bustamante had plunged to the depths of depression before, once overdosing on a large bottle of painkillers, slicing her skin hundreds of times and carving the word "hate" in her arm. She recovered from her suicide attempt and was prescribed an antidepressant drug.


Romney looks to squelch Santorum in 2 states (AP)

Republican presidential candidate former Pennsylvania Sen. Rick Santorum speaks at The Cable Center in Denver, Monday, Feb. 6, 2012. (AP Photo/Chris Carlson)AP - Republican presidential challenger Rick Santorum is hoping that his weeks of criticism of GOP front-runner Mitt Romney will pay off Tuesday when Colorado and Minnesota hold nominating caucuses. Romney, in turn, is looking to continue his winning streak after back-to-back victories in Florida and Nevada last week.


Putin pledges to cut officials' traffic privileges (AP)

Russian Prime Minister and presidential candidate Vladimir Putin addresses election activists in Moscow on Tuesday, Feb. 7, 2012. (AP Photo/RIA Novosti, Alexei Druzhinin, Government Press Service)AP - Prime Minister Vladimir Putin on Tuesday pledged to cut traffic privileges for officials, who routinely bypass Moscow's notorious traffic jams by ignoring basic rules of the road and even driving into oncoming lanes.


Government health spending seen hitting $1.8 trillion (Reuters)

Reuters - Government spending for Medicare, Medicaid and other healthcare programs will more than double over the next decade to $1.8 trillion, or 7.3 percent of the country's total economic output, congressional researchers said on Tuesday.

German industrial output down 2.9 pct in December (AP)

AP - German industrial production fell 2.9 percent in December from the month before, according to official data released Tuesday, suggesting the country's economic slowdown could be worse than expected.

Toyota lifts profit forecast as disaster woes fade (AP)

Toyota Motor Corp. Senior Managing Officer Takahiko Ijichi speaks during a press conference at Toyota's Tokyo headquarters Tuesday, Feb. 7, 2012. Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track. (AP Photo/Shizuo Kambayashi)AP - Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.


Foreclosure Deal Deadline Arrives as States Consider Releases

States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.

Foreclosure deal has 40 states, but others balk

More than 40 states have signed on to a draft settlement with the nation's largest banks aimed at helping homeowners struggling with loans bigger than the value of their homes.
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