Apple accused an activist hedge fund manager of attempting to hold investors "hostage" in his effort to get the electronics giant to share more of its massive cash reserves with investors.The charge came today in Apple's response to a lawsuit filed last week by Greenlight Capital, which asserts that the company needed to distribute preferred stock to current shareholders and that Apple had balked...
American, US Airways set to clinch merger
Labels: Health (MoneyWatch) American Airlines and US Airways (LCC) are set to announce a merger that would create the world's biggest carrier. Under the deal, which is expected to be unveiled Thursday if the timeline isn't moved up sooner and there are no last-minute snags, the combined airline would keep the "American" name. It would still require federal approval, although that is virtually ensured. US Air CEO...
Ship Stranded: Love Boat to Horror Honeymoon
Labels: Business A Texas couple's fantasy wedding quickly turned into a nightmare honeymoon when the fire-damaged Carnival Cruise ship carrying them became stranded in the Gulf of Mexico.Rob Mowlam, 37, and Stephanie Stevenson, 27, of Nederland, Texas, got married on the Carnival Triumph on Saturday. The four-day cruise was meant to be back to shore on Monday, but was left disabled by an engine...
Ovation for Pope Benedict at final public mass
Labels: WorldVATICAN CITY (Reuters) - A capacity crowd in St Peter's Basilica gave Pope Benedict a thunderous standing ovation on Wednesday at an emotional last public Mass before he resigns at the end of the month. "Thank you. Now, let's return to prayer," the 85-year-old pontiff said, bringing an end to several minutes of applause that clearly moved him. In an unusual gesture, bishops took off their...
Zuckerberg owns nearly a third of Facebook: US regulators
Labels: Technology SAN FRANCISCO: Mark Zuckerberg's stake in Facebook has climbed to nearly 30 percent since the leading social network made its dismal stock market debut, according to a filing Wednesday with US regulators.Zuckerberg owns 632.65 million Facebook shares as compared with the slightly more than 500 million he held in September when the stock's sagging price prompted a promise he would not sell...
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Shatner: J.J. Abrams a 'pig' for taking on 'Star Wars'
Labels: LifestyleWilliam Shatner speaks to Movie Fanatic.(Credit:Video screenshot by Amanda Kooser/CNET)J.J. Abrams is a busy man. The director who breathed new life into the "Star Trek" film franchise recently agreed to helm the new "Star Wars" movie. This may have fueled geeky fever dreams of crossover "Star Trek"/"Star Wars" projects, but it also led to some head-scratching. Does Abrams really have time to head...
State of the Union: "Act two" of Obama's 2nd term
Labels: Health When the curtain rises on President Obama's State of the Union speech tonight, the White House wants it viewed as "Act Two" - a follow-up to the national goals and policy objectives of which he spoke 22 days earlier on the West Front of the Capitol. "The president has always viewed the two speeches, the inaugural address and the State of The Union, as two acts in the same play," said press secretary...
Officer Dies After Dorner Shootout; Cabin on Fire
Labels: Business The remote California mountain cabin in which fugitive ex-cop Christopher Dorner has barricaded himself in tense standoff with police is on fire, following a shootout with police in which one officer was killed and another wounded.A single shot was heard from inside the cabin before flames and a large column of black smoke was seen rising above the snow-covered trees near Big...
North Korean nuclear test draws anger, including from China
Labels: WorldSEOUL (Reuters) - North Korea conducted its third nuclear test on Tuesday in defiance of U.N. resolutions, drawing condemnation from around the world, including from its only major ally, China, which summoned the North Korean ambassador to protest. Pyongyang said the test was an act of self-defense against "U.S. hostility" and threatened stronger steps if necessary. The test...
17 gunmen dead in Thai military base attack
Labels: Technology BANGKOK, Thailand: Scores of heavily-armed gunmen stormed a military base in unrest-plagued southern Thailand, an army spokesman said on Wednesday, in a major assault that left at least 17 militants dead."Some 100 fully armed militants stormed the base, where there were 60 marines," Colonel Pramote Promin, southern army spokesman, told AFP. He said the attack, one of the most ambitious...
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