Jan
11

Browns name Rob Chudzinski new coach

CLEVELAND (AP) — The Browns hauled their coaching search to Arizona and back. They talked to high-profile college coaches, NFL assistants and a fired pro coach who took a team to a Super Bowl.None of them was hired.Instead, Rob Chudzinski became their pick.With no experience as a head coach at any level, Chudzinski was hired Thursday night by the Cleveland Browns, the team he cheered for as a kid....
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Swiss lab chief disputes USADA claim on Armstrong

LAUSANNE, Switzerland (AP) — The head of Switzerland's anti-doping laboratory described as "nonsense" claims by U.S. Anti-Doping Agency CEO Travis Tygart that he helped Lance Armstrong avoid being caught for doping.Lab director Martial Saugy called a news conference Friday to answer accusations by Tygart that he provided Armstrong with information on how to avoid detection for use of the blood-boosting...
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Browns introduce Rob Chudzinski as new coach

CLEVELAND (AP) — Rob Chudzinski is back for his third tour with the Cleveland Browns, and this time he's calling the shots.Chudzinski, who spent the past two seasons as Carolina's offensive coordinator, was introduced as the club's sixth fulltime coach on Friday. He'll inherit a young roster he'll try to develop into a contender with the Browns, who have lost at least 11 games in each of the past...
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Jan
10

How Steve Jobs Tried to Save a Fellow Rebel CEO

When Hewlett Packard ousted CEO Mark Hurd in 2010, another once-ousted CEO named Steve Jobs tried to help him get his job back. As soon as Jobs heard the news of Hurd's resignation in August 2010, he sent an email to Hurd, report Bloomberg Businessweek's Ashley Vance and Aaron Ricadela in their cover story about the legacy that current HP CEO Meg Whitman inherited. Beyond sympathy over a fellow Silicon...
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Apple’s Schiller says cheap smartphones will ‘never be the future of Apple products’

Apple (AAPL) may sell a cheaper iPhone, but don’t expect it to sell for the bargin bin prices that we’ve heard about through rumors so far. In an interview with the Shanghai Evening News this week, Apple senior vice president of worldwide marketing Phil Schiller said that cheap smartphones will “never be the future of Apple products,” although he never explicitly ruled out selling a cheaper version...
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The FDA Wants Women to Take Less Ambien

Women who take sleeping pills have been inadvertently double-dosing, according to a new announcement from the the Federal Drug Administration. Today FDA regulators told the makers of sleep-aid prescriptions such as Ambien, Zolpimist, and Edluar to cut recommended doses for women in half. The order comes after new findings about the different ways men and women respond to zolpidem, the active ingredient...
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Jan
09

Decent jobs report despite slowdown in hiring pace

WASHINGTON (Reuters) - The pace of U.S. job growth slowed a bit in December, keeping the unemployment rate steady at 7.8 percent, but details of the Labor Department's U.S. employment report were fairly encouraging.* Nonfarm payrolls increased 155,000, but job gains for the previous month were revised up to show 15,0000 more positions created than previously reported.* Construction employment rebounded...
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Bank of America, other banks move closer to ending mortgage mess

CHARLOTTE/WASHINGTON (Reuters) - Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.About $3 billion of Bank of America's Monday's settlements were part of a larger $8.5 billion deal between 10 big mortgage...
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Nasdaq CEO says would definitely consider Euronext

NEW YORK (Reuters) - Nasdaq OMX Group would definitely consider bidding for Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon stock exchanges, if it were put up for sale, Nasdaq's Chief Executive Robert Greifeld said in an interview."We would have to take a look at it," he said. "I'm not saying we would bid on it, but we would have to take a look."Chatter that Euronext could be...
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Gadget Watch: Electronic fork nags you on eating

LAS VEGAS (AP) — If you've always wanted a fork that spies on your eating habits, you're in luck: A company has developed a utensil that records when you lift it to the mouth.The electronic fork is one of the gadgets getting attention this week at the International CES in Las Vegas, an annual showcase of the latest TVs, computers and other consumer-electronic devices.WHAT IT IS: The HAPIfork is a...
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Jan
08

Wisconsin Assembly's all-nighters targeted

MADISON, Wis. (AP) — To young people, pulling an all-nighter usually involves lots of caffeine and staying up to study.To the Wisconsin state Assembly, it's an all-too-familiar method of doing the state's business.The new Republican speaker of the Assembly has some ideas for ending the all-night sessions, but he refused to announce what any of them were after a private meeting Tuesday with Democratic...
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AIG says obliged to consider joining lawsuit against government

BOSTON (Reuters) - AIG has an obligation to consider a demand by its former chief executive that the company join a lawsuit challenging some of the terms of the insurer's 2008 government rescue, AIG said on Tuesday.In a statement, American International Group said its board expected to make a decision "in the next several weeks...
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U.S. launches review of Shell Arctic drilling program

WASHINGTON (Reuters) - The Interior Department will review Royal Dutch Shell's 2012 Arctic oil drilling program to assess the challenges the oil company faced and to help guide future permitting in the region.The announcement on Tuesday follows the grounding of one of Shell's rigs off the coast of Alaska last week, the latest mishap the company has encountered as it undertakes an ambitious Arctic...
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Jan
07

Google executive chairman arrives in North Korea

PYONGYANG, North Korea (AP) — Google's chairman wants a firsthand look at North Korea's economy and social media landscape during his private visit Monday to the communist nation, his delegation said, despite misgivings in Washington over the timing of the trip.Eric Schmidt, executive chairman of one of the world's biggest Internet companies, is the highest-profile U.S. executive to visit North Korea...
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U.S. banks to pay $8.5 billion to end foreclosure reviews

WASHINGTON (Reuters) - A group of 10 mortgage servicers agreed on Monday to pay a total of $8.5 billion to end a U.S. government-mandated case-by-case review of housing crisis foreclosures in an acknowledgement the program had proven too cumbersome and expensive.Roughly 3.8 million borrowers whose homes were in foreclosure within the time frame of the review will receive cash compensation ranging...
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Bank of America in mortgage claims settlement

NEW YORK (AP) — Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing crash, bringing it a step closer to clearing up its legacy of bad home loans.Under the deal announced Monday, Bank of America will pay $3.6 billion in cash to Fannie Mae and buy back $6.75 billion...
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Jan
06

Could gang-rape protests mark beginning of an age of activism for India?

The large-scale protests triggered by the gang rape of a 23-year-old student in New Delhi has renewed debate over the rise of a new urban middle-class activism in India.The strength and longevity of those protests, sustained as they were over several weeks and undeterred by police water cannons and teargas, took many by surprise. Student activism has generally been on the decline since the early...
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Malala Yousafzai, Pakistani teen shot by Taliban, is released from UK hospital

• A daily summary of global reports on security issues.Malala Yousafzai, the Pakistani teen who was shot in the head by the Taliban in the fall for promoting girls’ education, was released from a British hospital yesterday.Malala, who will spend the next few weeks with her family in the UK before returning to the hospital for more surgery, quickly became an international symbol of resistance to the...
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What does Google want with North Korea?

Google chairman Eric Schmidt plans to visit North Korea as early as next week in what analysts see as part of North Korean leader Kim Jong-un’s drive to give an appearance of closing the vast digital divide between his isolated country and the rest of the world.Although Mr. Schmidt is not expected to reach any real deal with the North, his presence there seems to show a desire in North Korea to improve...
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