Jan
11

Cowboys hire Monte Kiffin to replace Rob Ryan

IRVING, Texas (AP) — The Dallas Cowboys have hired former Tampa Bay defensive coordinator Monte Kiffin as the replacement for Rob Ryan.The team announced the move on its website Friday, a day after the 72-year-old Kiffin was at team headquarters to interview with coach Jason Garrett and owner Jerry Jones.The hiring of Kiffin means the Cowboys will switch back to the 4-3 defense after going to the...
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Falcons get chance to end playoff misery

(Reuters) - The Atlanta Falcons earned the top seed in the National Football Conference (NFC) with a 13-3 regular season record but it is a miserable run of form in the playoffs they will try to end against the Seattle Seahawks on Sunday.Three times in the era of head coach Mike Smith and quarterback Matt Ryan the Falcons have impressed in the regular season but have stumbled in their first games...
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It's official: Shafer takes over at Syracuse

SYRACUSE, N.Y. (AP) — As he addressed the media at his first press conference as coach, Syracuse's Scott Shafer briefly fumbled for words as he looked over at his wife and two children and thought about his father."(Being a head coach) has been a goal of mine since I was 10 years old because I was influenced by my dad. I just have so many vivid memories of the influence that he had on so many young...
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Jan
10

GM to open third U.S. tech center, hire 1,000 people

DETROIT (Reuters) - General Motors Co will open a third U.S. information technology center as part of its plan to bring that work in-house and improve the automaker's efficiency and productivity.GM said on Thursday it will hire about 1,000 people, including software developers, database experts and business analysts, to staff the center near Atlanta. It will be the third of four centers in the United...
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Best Buy online sales rise as Amazon collects sales tax

SAN FRANCISCO (Reuters) - Best Buy Co, the world's largest electronics retailer, said its online sales have increased in certain markets as arch rival Amazon.com Inc collects tax on purchases in more states."In California, Texas and Pennsylvania where Amazon.com recently started collecting tax, it is very early, but Best Buy has seen a 4 to 6 percent increase in online sales observed in aggregate...
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Native Canadians could block development, chief warns

OTTAWA (Reuters) - Native Canadians are so angry that they could resort to blocking resource development and bring the economy "to its knees" unless the Conservative government addresses their grievances, an influential chief said on Thursday.Native Canadian chiefs are due to meet with Prime Minister Stephen Harper on Friday to discuss the poor living conditions facing many of Canada's 1.2 million...
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Jan
09

'Smart' potty or dumb idea? Wacky gadgets at CES

LAS VEGAS (AP) — From the iPotty for toddlers to the 1,600-pound mechanical spider and the host of glitch-ridden "smart" TVs, the International CES show is a forum for gadget makers to take big — and bizarre — chances.Many of the prototypes introduced at the annual gadget show over the years have failed in the marketplace. But the innovators who shop their wares here are fearless when it comes to...
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Obama to tap budget expert Lew to lead Treasury

WASHINGTON (AP) — President Barack Obama will nominate White House chief of staff Jack Lew to be his second-term Secretary of the Treasury, turning to one of Washington's most knowledgeable budget experts to manage prickly fiscal negotiations with Congress and steer the still-shaky national economy.Lew's nomination, expected Thursday, accelerates the overhaul of Obama's top advisers, with new leaders...
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Facing backlash, AIG won't join lawsuit against US

NEW YORK (AP) — Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.American International Group Inc. was put in the awkward position of having to consider joining a lawsuit brought against Uncle Sam by its former CEO, Maurice "Hank" Greenberg.The suit claims...
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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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No joke: Obama to screen TV comedy "1600 Penn" at White House

WASHINGTON (Reuters) - A "trophy wife" as first lady, a hapless college-aged son who burns down a fraternity house, and a daughter frantically taking pregnancy tests in a White House bathroom - this TV comedy had better be funny.On Wednesday, President Barack Obama is slated to hold a private screening at the White House with the cast and crew of "1600 Penn," an NBC series about a dysfunctional first...
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Jan
07

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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Chesapeake's McClendon will not receive 2012 bonus

Chesapeake Energy Corp , the U.S. oil and gas company battling a governance crisis and financial strain, said on Monday its chief executive officer, Aubrey McClendon, will not receive a bonus for 2012.The board, in a filing to regulators, said it made several changes to the company's corporate governance structure and executive pay. The company said McClendon recommended he not receive a bonus.Other...
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Citigroup fires private bank CIO amid job cuts - Bloomberg

 Citigroup Inc has fired Richard Cookson, chief investment officer of its private bank, as the company looks to cut costs, Bloomberg reported on Monday.Citigroup will no longer rely on one person to lead the firm's investment strategy and will instead seek to "better leverage the existing in-house expertise across Citi," including its markets and banking research teams, Bloomberg said, citing...
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Jan
06

AP Interview: Palestinian PM warns of cash crisis

RAMALLAH, West Bank (AP) — The Palestinian self-rule government is in "extreme jeopardy" because of an unprecedented financial crisis, largely because Arab countries have failed to send hundreds of millions of dollars in promised aid, the Palestinian prime minister said Sunday.The cash crunch has gradually worsened in recent years, and the Palestinian Authority now has reached the point of not being...
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Defiant Assad pledges to continue fighting

BEIRUT (AP) — A defiant Syrian President Bashar Assad rallied a chanting and cheering crowd Sunday to fight the uprising against his authoritarian rule, dismissing any chance of dialogue with "murderous criminals" that he blames for nearly two years of violence that has left 60,000 dead.In his first public speech in six months, Assad laid out terms for a peace plan that keeps himself in power, ignoring...
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Egypt Copts mark Christmas with fear of future

CAIRO (AP) — Egypt's minority Christians were celebrating their first Christmas after the election of an Islamist president and a new pope — and following adoption of a constitution many argue has an Islamist slant.Christians gathered in Cairo's main cathedral Sunday for Midnight Mass on the eve of Orthodox Christmas led by their new pope. Pope Tawadros II was elected in November to replace longtime...
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