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  • Buffett defends core holdings like IBM, Coca-Cola, in interview

    Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in OmahaBy Ryan Vlastelica NEW YORK (Reuters) - Billionaire investor Warren Buffett defended some of his core holdings in a televised interview on Monday, but reiterated that equities in general would look expensive in an environment with normal interest rates. The remarks from Buffett, chairman of Berkshire Hathaway , come as several of his core holdings, including International Business Machines Corp and Coca-Cola , have showed declining revenue trends in recent years. Buffett told CNBC that Berkshire had bought more shares of IBM during the first quarter, and forecast higher earnings at the company over the next 10 years.


  • The Latest on prophet cartoon attack: Phoenix home searched

    A Texas state trooper stands guard at a parking lot near the Curtis Culwell Center where a provocative contest for cartoon depictions of the Prophet Muhammad was held Sunday, May 3, 2015, in Garland, Texas. The contest was put on lockdown Sunday night and attendees were being evacuated after authorities reported a shooting outside the building. (AP Photo/LM Otero)GARLAND, Texas (AP) — 8:30 a.m. CDT


  • Ex-Christie allies are at court for hearing in bridge case

    New Jersey Gov. Chris Christie's former Deputy Chief of Staff Bridget Anne Kelly and her attorney Michael Critchley, right, arrive for a news conference, Friday, May 1, 2015, in Livingston, N.J. Earlier Friday, federal prosecutors brought charges against three former allies of Gov. Chris Christie, but not Christie himself, in the George Washington Bridge traffic scandal, easing the legal threat that has hung over his 2016 White House ambitions for more than a year. One of those charged, David Wildstein, a former high-ranking official at the transportation agency that operates the bridge, pleaded guilty and accused the two other defendants, Kelly and Bill Baroni, who was the governor's top appointee at the Port Authority, of joining him in a politically motivated scheme to create huge traffic jams. Kelly and Baroni were charged in an indictment unsealed later Friday. (AP Photo/Mel Evans)NEWARK, N.J. (AP) — The investigation of politically motivated lane closures of the George Washington Bridge in 2013 heads to court Monday as two former political allies of Republican New Jersey Gov. Chris Christie make initial appearances.


  • High court will hear appeal over energy rule WASHINGTON (AP) — The Supreme Court will hear a dispute over an electricity regulation in which utilities pay energy users in the wholesale market to reduce consumption.
  • FBI searches Phoenix home in Texas prophet contest shooting

    A Texas state trooper stands guard at a parking lot near the Curtis Culwell Center where a provocative contest for cartoon depictions of the Prophet Muhammad was held Sunday, May 3, 2015, in Garland, Texas. The contest was put on lockdown Sunday night and attendees were being evacuated after authorities reported a shooting outside the building. (AP Photo/LM Otero)GARLAND, Texas (AP) — Federal agents are searching an apartment in Phoenix in an investigation into a shooting outside a suburban Dallas venue hosting a provocative contest for Prophet Muhammad cartoons, the FBI confirmed Monday.


  • Court rejects challenge to NJ ban on gay conversion therapy WASHINGTON (AP) — The Supreme Court has turned away a challenge to New Jersey's ban on so-called gay conversion therapy for patients under 18 years old.
  • Kerry holds talks on security, al Shabaab threat in Kenya

    U.S. Secretary of State Kerry meets with Kenyan President Uhuru Kenyatta at the State House in NairobiBy Lesley Wroughton NAIROBI (Reuters) - U.S. Secretary of State John Kerry and Kenya's President Uhuru Kenyatta discussed on Monday ways to counter the threat from the al Shabaab militant group that killed 148 people at a Kenyan university last month. Kerry, who arrived on Sunday, also commemorated the 1998 bombing of the U.S. embassy in Nairobi, in which more than 200 people died, before meeting Kenyatta. His Kenyan counterpart Amina Mohamed said last month that Nairobi wanted more help with intelligence and security measures from U.S. and European allies to prevent further attacks by the radical Somali movement. The United States, along with other Western states, already provides training and other support for the security forces.


  • Walker critical of Romney in 2012, Bush in 2000

    FILE - In this July 4, 1999 file photo, presidential hopeful George W. Bush greets supporters at the start of a parade in Merrimack, N.H. In 2000, likely Republican presidential candidate Scott Walker, who was then a 32-year-old state Assembly member during Bush's first presidential bid, wrote an open memo he titled "Campaign Strategy" in which he offered detailed advice on how he thought the then-Texas governor should be crafting his message to win the presidency, including what type of television ads he should run. (AP Photo/Joel Page, File)MADISON, Wis. (AP) — Likely Republican presidential candidate Scott Walker made no secret about what he saw as the failures of Mitt Romney's last run for the White House, devoting an entire chapter of his book to the topic.


  • McDonald's to simplify structure, focus on customers

    FILE - In this Dec. 17, 2014 file photo, a man walks by a McDonald's logo in front of its restaurant in Tokyo. McDonald’s is set to unveil its latest plans to revive its sputtering business on Monday, May 4, 2015. (AP Photo/Eugene Hoshiko, File)NEW YORK (AP) — McDonald's CEO Steve Easterbrook says he's stripping away layers of bureaucracy and increasing accountability so the company can move more nimbly to keep up with changing tastes.


  • Bruce Jenner in the spotlight for 2 'Kardashians' specials

    FILE - In this Sept. 11, 2013, file photo, former Olympic athlete Bruce Jenner arrives at the Annual Charity Day hosted by Cantor Fitzgerald and BGC Partners, in New York. ABC said it will air a two-part “Keeping Up With the Kardashians” on Sunday, May 10, 2015, and Monday, May 11, to broadcast intimate conversations and emotional moments Jenner shares with his family as they discuss his transition into life as a woman. (Photo by Mark Von Holden/Invision/AP, File)NEW YORK (AP) — If you didn't hear enough about Bruce Jenner's gender transition during his recent interview with ABC's Diane Sawyer, the E! network wants to fix that.


  • Obama briefed about shootings at Texas Mohammad cartoon exhibit WASHINGTON (Reuters) - President Barack Obama was briefed on Sunday night about the situation in Texas after two gunmen opened fire outside an exhibit of caricatures of the Prophet Mohammad, a White House official said on Monday, speaking on background. The men were shot dead by Texas police, and the FBI is investigating. (Reporting by Roberta Rampton; Editing by Susan Heavey)
  • NYPD officer shot in the head remains critical but stable

    This undated photo released by the New York City Police Department shows officer Brian Moore. Moore, a New York City police officer shot in the head and critically injured while attempting to stop a man suspected of carrying a gun is recovering following brain surgery. Detectives were still investigating Sunday, May 3, 2015, after arresting 35-year-old Demitrius Blackwell in the shooting. (New York City Police Department via AP)NEW YORK (AP) — An NYPD officer was in critical but stable condition early Monday, two days after being shot in the head while sitting in an unmarked car in Queens.


  • Gun salutes fired in London to honor Britain's new princess

    Britain's Prince William and Kate, Duchess of Cambridge, hold their newborn daughter as they as they pose for the media outside St. Mary's Hospital's exclusive Lindo Wing, London, Saturday, May 2, 2015. The Duchess gave birth to the Princess on Saturday morning. (AP Photo/Kirsty Wigglesworth)LONDON (AP) — Soldiers on horseback have rode out in procession in London to fire gun salutes in honor of Britain's newborn princess.


  • About 100 bodies found in Nepal trekking village

    Collapsed and damaged houses are pictured from a helicopter after last week's earthquake at Sindhupalchok DistrictBy Gopal Sharma KATHMANDU (Reuters) - Nepali police and local volunteers found the bodies of about 100 trekkers and villagers buried in an avalanche set off by last month's devastating earthquake and were digging through snow and ice for signs of dozens more missing, officials said on Monday. "Local volunteers and police personnel are digging through six-feet (deep) snow with shovels looking for more bodies," said Gautam Rimal, assistant chief district officer in the area where Langtang is located. It was not clear how many people were in Langtang at the time of the avalanche but other officials said about 120 more people could be buried under the snow. The April 25 earthquake has killed 7,366 people and wounded nearly 14,500, Nepal's government said.


  • Police shoot dead two gunmen at Texas exhibit of Prophet Mohammad cartoons

    Police officers block an intersection after a shooting outside the Muhammad Art Exhibit and Contest in Garland, TexasBy Mike Stone and Lisa Maria Garza GARLAND, Texas (Reuters) - Texas police shot dead two gunmen who opened fire on Sunday outside an exhibit of caricatures of the Prophet Mohammad that was organized by a group described as anti-Islamic and billed as a free-speech event. Citing a senior FBI official, ABC News identified one of the gunmen as Elton Simpson, an Arizona man who was the target of a terror investigation. FBI agents and a bomb squad were searching Simpson's Phoenix home, ABC said. Phoenix's KPHO TV reported that the second man lived in the same apartment complex as Simpson, the Autumn Ridge Apartments.


  • Britain's new princess can't expect fairy-tale life

    The newborn baby princess, born to parents Kate Duchess of Cambridge and Prince William, is carried in a car seat by her father from The Lindo Wing of St. Mary's Hospital, in London, Saturday, May 2, 2015. Kate, the Duchess of Cambridge, gave birth to their second child, a baby girl on Saturday morning. The name of the new born baby princess is not yet announced. (John Stillwell/Pool via AP)LONDON (AP) — William and Kate's new daughter is the first British princess who won't face royal discrimination because she's a girl, but that doesn't mean her life will be a fairy tale.


  • French leader oversees Qatar jet deal

    Pilot Benoit Flanche performs a manoeuvre in his Dassault Rafale aircraft during a demonstration flight at Halim airport in Jakarta on March 25, 2015French President Francois Hollande sought to boost ties in the Gulf Monday as he oversaw the signing of a warplanes deal with Qatar and headed to Saudi Arabia for a summit. Hollande was to be the first Western head of state to attend a Gulf Cooperation Council (GCC) annual gathering when it meets in Riyadh on Tuesday. The summit comes at a crucial time for the six-nation GCC, with a Saudi-led coalition bombing rebels in Yemen, concern over the rise of Islamist militants and regional worries over a potential final nuclear deal with Iran. With Hollande in attendance, the CEO of French aerospace firm Dassault, Eric Trappier, signed the 6.3-billion-euro ($7-billion) deal with Qatari defence officials in Doha.


  • John Chambers steps down as Cisco's CEO

    John Chambers, chairman and CEO of Cisco, speaks in a panel discussion during the 2015 International Consumer Electronics Show (CES) in Las Vegas(Reuters) - Cisco Systems Inc said on Monday that Chief Executive John Chambers would step down after 20 years at the helm to become executive chairman, and that 17-year company veteran Chuck Robbins would become CEO effective July 26. Chambers, one of the longest-serving CEOs of a Silicon Valley company, will continue to be Cisco's chairman, the company said on Monday. Cisco shares were down 0.5 percent at $28.97 in premarket trading. Robbins, who became a board member on May 1, joined Cisco in 1997 and has been senior vice president of worldwide operations, leading the company's global sales and partner team.


  • Police kill two gunmen at US Mohammed cartoon event

    An FBI agent views the area where debris of a car was blown up by police as a precaution, near the Curtis Culwell Center on May 4, 2015 in Garland, TexasTexas police shot dead two suspected Islamist extremists who opened fire outside an exhibition of cartoons of the Prophet Mohammed staged by an anti-Muslim group. Terror monitoring group SITE reported that a known member of the Islamic State jihadist group had boasted the attack was carried out by supporters of the hardline movement. Commentators were quick to draw parallels to a January shooting at the French satirical weekly Charlie Hebdo in Paris that killed 12 people and wounded 11 more. The White House said President Barack Obama had been briefed.


  • 'Gentleman's Guide' creators return to old stomping grounds

    This April 30, 2015 photo shows playwright Robert L. Freedman, left, and composer Steven Lutvak in New York. The duo co-wrote the Tony Award-winning musical "A Gentleman's Guide to Love and Murder” and are being honored by their alma mater, New York University's Tisch School of the Arts. (AP Photo/Mark Kennedy)NEW YORK (AP) — A classroom door opens at New York University and a 20-something student at the piano tries to not seem flustered by the two men who have joined him.


  • Jimmy Greaves in intensive care after stroke

    Jimmy Greaves has suffered a severe stroke and is in intensive care in hospitalFormer Tottenham Hotspur and England striker Jimmy Greaves has suffered a severe stroke and is in intensive care in hospital, his family said on Monday. A prolific goalscorer throughout his career, Greaves scored 44 goals in just 57 appearances for England -- the fourth-highest total of all time. A family statement said the 75-year-old Greaves had fallen ill on Sunday and was taken to hospital. Meanwhile Spurs said on their Twitter site: "Everyone at the club wishes Jimmy Greaves a speedy recovery after he suffered a stroke yesterday (Sunday).


  • Dow Chemical to trim about 3 pct of global workforce Dow Chemical will cut about 3 percent of its global workforce as it prepares to break off a significant part of its chlorine operations in a deal announced earlier this year with Olin Corp.
  • APNewsBreak: Pentagon accused of withholding sex crimes info

    Sen. Kirsten Gillibrand, D-N.Y., is interviewed about military sexual assaults on Capitol Hill in Washington, Thursday, April 30, 2015. The spouses of service members and civilian women who live or work near military facilities are especially vulnerable to being sexually assaulted, Sen. Kirsten Gillibrand, D-N.Y. said in a report. (AP Photo/Jacquelyn Martin)WASHINGTON (AP) — The number of sex-related crimes occurring in U.S. military communities is far greater than the Defense Department has publicly reported, a U.S. senator said Monday in a scathing critique that asserts the Pentagon has refused to provide her information about sexual assaults at several major bases.


  • Comcast now has more Internet than cable customers

    FILE - In this Nov. 12, 2014 file photo, Comcast Corp. Chairman & CEO Brian Roberts speaks during a presentation at the Contemporary Jewish Museum in San Francisco. Comcast Corp. reports quarterly financial results on Monday, May 4, 2015. (AP Photo/Jeff Chiu, File)NEW YORK (AP) — Just before its $45 billion deal with Time Warner Cable collapsed over regulators' fears about a giant cable company's control over the Web, Comcast was racking up more Internet customers.


  • Georgia O'Keeffe flower painting going to NYC auction NEW YORK (AP) — A Georgia O'Keeffe flower painting that the artist kept for herself is among the highlights of an upcoming auction of American art.
  • Saudi-led alliance mulls humanitarian truce in Yemen: Arabiya TV

    Smoke billows after an air strike hit the international airport of Yemen's capital SanaaDUBAI (Reuters) - A Saudi-led Arab alliance waging an air campaign against Houthi fighters in Yemen is considering calling a truce to allow humanitarian relief, Saudi-owned al-Arabiya television quoted the foreign minister as saying. The Dubai-based channel also quoted Adel al-Jubeir as warning Yemen's dominant Houthi group against exploiting any truce in the country in its favor. (Reporting by Sami Aboudi, Editing by William Maclean and Robin Pomeroy)


  • Bill Clinton: Foundation has done nothing wrong

    Former President Bill Clinton, center, and daughter Chelsea Clinton, 2nd right, arrive to speak about their foundation's "No Ceilings" project about the participation of women and girls globally, at the Farasi Lane Primary School in Nairobi, Kenya Friday, May 1, 2015. Former President Bill Clinton and daughter Chelsea Clinton are in the East African nation of Kenya as part of a wider tour of projects run by the family's Clinton Foundation. (AP Photo/Ben Curtis)WASHINGTON (AP) — Former President Bill Clinton defended his family's charitable foundation, saying there's nothing "sinister" about getting wealthy people to help poor people in developing countries.


  • Survey: States spent heavily to clear winter snow and ice

    FILE - In this Jan. 27, 2015 file photo, aA snowplow clears a street near Quincy Market in Boston. More than $1 billion was spent and 6 million tons of salt used to keep highways operating in nearly two dozen states during the recent harsh winter, according to a first-ever survey of state transportation officials. (AP Photo/Steven Senne, File)BOSTON (AP) — Winter's full fury arrived late in much of the country, but once it did it was relentless, quickly exhausting snow removal budgets and pushing the resources of state transportation agencies to their limit as they fought to keep highways safe and passable, according to a first-of-its-kind survey.


  • GOP field grows: Fiorina, Carson to launch presidential bids

    File- This March 8, 2014, file photo shows Dr. Ben Carson, professor emeritus at Johns Hopkins School of Medicine, speaking at the Conservative Political Action Conference annual meeting in National Harbor, Md. Carson, a retired neurosurgeon turned conservative political star, has confirmed that he will seek the Republican presidential nomination in 2016. Carson announced his candidacy during an interview aired Sunday, May 3, 2015, by Ohio's WKRC television station (AP Photo/Susan Walsh, File)WASHINGTON (AP) — Former technology executive Carly Fiorina announced she's running for president, and retired neurosurgeon Ben Carson was set to launch his bid as well on Monday, as the Republican field of hopefuls expands once more. Both Fiorina and Carson have the potential to help the GOP win over a more diverse group of supporters in 2016.


  • Kerry to visit Riyadh to confer with Saudi Arabia on Yemen NAIROBI, Kenya (AP) — Secretary of State John Kerry will visit Riyadh for discussions with Saudi government leaders on Wednesday and Thursday.
  • Greece: Progress in bailout talks, seeks swift payout

    A protester greets Greek Finance Minister Yanis Varoufakis, center, during a May Day protest in central Athens, Friday, May 1, 2015. In financially struggling Greece, an estimated 13,000 people took part in three separate May Day marches in Athens, carrying banners and shouting anti-austerity slogans.(AP Photo/Petros Giannakouris)ATHENS, Greece (AP) — Weekend negotiations between Greece and rescue lenders have made progress, officials on both sides said Monday even though Athens stressed it needed a swift release of delayed bailout money to keep up with debt payments.


  • Taliban 'welcome' Afghan peace efforts after Qatar talks

    Afghan security forces inspect the site of a suicide attack in Kabul, Afghanistan, Monday, May 4, 2015. An Afghan official says a suicide bomber struck a minibus carrying government employees in Kabul, killing at least one person and wounding more than a dozen. Interior Ministry spokesman Sediq Sediqqi says the minibus was carrying employees of the attorney general's office when it was attacked early Monday. (AP Photo/Rahmat Gul)KABUL, Afghanistan (AP) — Taliban militants who have been waging war on the Afghan government for more than a decade on Monday expressed a willingness to soften their position on a range of issues, an apparent shift that could eventually lead to peace talks.


  • "No room" for gays in Kenya, says deputy president

    Deputy Kenyan President Ruto arrives at a news conference in the HagueKenya's deputy president has said there is "no room" for homosexuality in Kenyan society, the latest comments from an African government to anger activists and likely also to annoy Western donors who say gays are targeted on the continent. William Ruto made the remarks at a church service on Sunday, the day U.S. Secretary of State John Kerry arrived for talks. The United States has been at the forefront of calls for gay rights in Africa and criticises anti-gay laws on the continent. "The Republic of Kenya is a republic that worships God.


  • Comedian and activist Russell Brand backs Labour LONDON (AP) — Comedian turned political activist Russell Brand has changed his mind and is no longer urging people not to vote in Thursday's general election.
  • NATO starts anti submarine exercise in North Sea as tension with Russia rise

    The U33, a Germany 212 class submarine prepares for Operation Dynamic Mongoose near BergenBy Balazs Koranyi ABOARD THE USS VICKSBURG, North Sea (Reuters) - NATO launched one of its biggest-ever anti-submarine exercises in the North Sea on Monday, inviting non-member Sweden for the first time, amid increasing tensions between Russia and its northern neighbors. More than a dozen vessels from 11 countries are participating in the "Dynamic Mongoose" exercise. NATO will simulate detecting and attacking submarines in one of the most hostile seas, with rugged but shallow underwater canyons, rapid currents and unusually high sound pollution from freshwater pouring in from Norway's fjords. Tensions have run high since Russia annexed part of Ukraine last year, with the three small Baltic states, who also rely on the Nordics for defense, fearing they may be next as they are home to big Russian minorities.


  • Opposition supporters clash with security forces in Guinea

    Guinea opposition leader Cellou Dalein Diallo attends a rally in ConakryThey had erected barricades of logs and burning tyres in several neighbourhoods in the coastal capital, and security forces responded by firing tear gas as they tried to clear out stone-throwing demonstrators. Some of them have catapults," witness Mamadou Diallo said. Guinea's presidential election on October 11, announced by the electoral commission in March, broke a 2013 agreement to stage long-delayed local polls first, the opposition says.


  • The Latest on Nepal: EU approves millions in funding support

    A Nepalese Buddhist woman prays at the Swayambhunath shrine during Buddha Jayanti, or Buddha Purnima, festival in Kathmandu, Nepal, Monday, May 4, 2015. The shrine was partially closed by the authorities who feared that the thousands of people who visit the shrine on Buddha's birthday could damage the structure in the aftermath of the April 25 earthquake. (AP Photo/Bernat Amangue)6 p.m. (1215 GMT)


  • Burundi activist says two dead in protests; no police comment

    Military officers stand guard near a wall mural showing people working in farms following recent clashes between protesters and riot police as it is used to block a main street in Burundi's capital BujumburaBUJUMBURA (Reuters) - Two protesters were killed on Monday as demonstrations against President Pierre Nkurunziza's decision to seek a third term in office ran into a second week, a leading rights activist said. Pierre Claver Mbonimpa, a veteran member of the civil society groups which called the rallies, said the two protesters were shot dead. The police had no immediate comment but said they would issue a statement later. The government has called the demonstrations an "insurrection" and accused protesters of stoking violence.


  • Ex-CIA official: GOP distorted agency analysis of Benghazi

    Former CIA Deputy Director Michael Morrell testifies on Capitol Hill in Washington, Wednesday, April 2, 2014, before the House Intelligence Committee. Morrell, who edited the widely debunked talking points on the 2012 Benghazi attack, answered questions from the House intelligence committee in a rare open session. The hearing provides Morrell with a chance to explain why he deleted references to al-Qaida. (AP Photo/Manuel Balce Ceneta)WASHINGTON (AP) — A former CIA deputy director says Republicans repeatedly distorted the agency's analysis of the Benghazi attack in 2012 that killed the U.S. ambassador to Libya and three other Americans. He also says U.S. intelligence agencies failed to recognize that al-Qaida would rapidly regain strength after the killing of Osama bin Laden.


  • White House Brief: Things to know about Carly Fiorina DES MOINES, Iowa (AP) — Here's a look at key things to know about Carly Fiorina as she stepped into the 2016 Republican presidential campaign on Monday.