Dow ends below 10,000
Stocks erased gains by the close Wednesday, with the Dow ending below 10,000 for the first time in three months as worries over global growth and a slide in the euro overshadowed upbeat economic news.
The Dow Jones industrial average lost 70 points, or 0.7 percent, the S&P 500 index lost 6 points, or 0.6% percent and the Nasdaq lost 15 points, or 0.7 percent.Â
Baseball, basketball and tennis dominate the slate, with a handful of international friendlies as the World Cup approaches (all times Eastern).
– The French Open (5 a.m., Tennis Channel/ESPN2): Second-round play gets under way Wednesday with Roger Federer, Andy Murray, Venus Williams and Svetlana Kuznetsova among the high-profile players in action.
[Updated 1:36 p.m.] Police in Jamaica have more than 500 people in custody, the government said, after a failed attempt to arrest a suspected drug kingpin resulted in violence that left at least 44 people dead.
President Barack Obama pledged Wednesday that the federal government is "going to bring every resource necessary to put a stop" to the oil spill in the Gulf of Mexico.
"We will not rest until this well is shut ... but a lot of damage has been done already," he said.
Obama said that "the spill in the Gulf, which is just heartbreaking, only underscores the necessity of seeking alternative fuel sources."
A Long Island man, Jeffrey Conroy, has been sentenced to 25 years in prison for his role in the stabbing death of an immigrant from Ecuador.
Conroy was convicted in April of manslaughter as a hate crime in the death of an immigrant from Ecuador.
He was accused of having a hand in the death of Marcelo Lucero, a 37-year-old native of Ecuador who was fatally stabbed in the chest on November 8, 2008, in Patchogue, New York.
Four college students who just weeks ago completed a four-month, 1,500-mile walk on behalf of immigration reform are headed now to Arizona, to join others in a walk protesting that state's new law cracking down on illegal immigrants.
Britain has a total nuclear arsenal of fewer than 225 weapons, with 160 currently operational, Foreign Secretary William Hague said Wednesday.
Federal oil industry regulators would have to wait at least two years after leaving government service before going to work for companies they helped regulate, under legislation announced Wednesday by Sen. Bill Nelson, D-Florida.
The Red Cross provides aid in Afghanistan to security personnel, those injured during cross-fighting and even Taliban members.
The International Committee of the Red Cross is defending its practice of providing medical training and basic medical supplies to the Taliban in Afghanistan – saying it is in line with the ICRC’s mandate not to discriminate between different sides in a conflict.
In the latest situation report issued Tuesday the Red Cross disclosed that in April its workers “reached over 100 Afghan security personnel, over 70 members of the armed opposition, taxi drivers involved in the transport of wounded people, first-aiders and its own staff.”
That prompted plenty of quizzical and some critical comments in the international media and among bloggers – and some grumbling among Afghan officials. But an ICRC spokesman in Geneva said the practice is consistent with its obligation of neutrality and its mandate to provide assistance to all sides in conflict. FULL POST
Space Shuttle Atlantis lands at Kennedy Space Center.
[Updated at 8:47 a.m.] Space shuttle Atlantis has landed at Florida's Kennedy Space Center, concluding the orbiter's 25-year career.
[Posted at 7:57 a.m.] Space shuttle Atlantis is set to land Wednesday morning, ending the orbiter's stellar 25-year career.
The shuttle, fresh off a trip to the international space station, is expected to land at Kennedy Space Center in Florida at 8:48 a.m. ET, weather permitting. Weather near the landing site was forecast as favorable with a slight chance of showers.
8:48 am ET – Atlantis shuttle landing –Space shuttle Atlantis and its six-member crew are expected to return to Earth after a 12-day mission.
9:30 am ET – NYSE opening bell
Gulf oil spill - BP could undertake what some say is a pivotal moment for the London-based oil giant to contain the gushing oil in the Gulf of Mexico - a maneuver called "top kill." The goal is to seal a leak by covering it with liquids that are heavier than water. BP's top official told CNN the oil company will make a decision later Wednesday on whether to start the procedure. Interior Secretary Ken Salazar also is scheduled to testify about the spill at a Capitol Hill hearing at 10 a.m. ET Wednesday.
Pakistani officials have detained an 11th person in connection with the investigation into the failed May car bombing of New York's Times Square, a Pakistani intelligence source told CNN Wednesday.
The U.S. citizen jailed in Peru since 1995 for helping leftist rebels has been granted conditional release, a judge announced. Berenson has served nearly 15 years of a 20-year sentence for aiding Peruvian rebels in a 1995 plot to overthrow Peru's Congress. Berenson, 40, who last year gave birth in prison to a son, Salvador, has long maintained her innocence. Her parents in New York welcomed the news of her release. "My wife Rhoda and I were ecstatic," Mark Berenson told CNNI. "We were waiting for this day for 14½ years." On the website freelori.org, the Berensons said their daughter and her son will be leaving prison "in a few days" and plan to move to an apartment in Lima, because parole requires they remain in the city in which they were incarcerated.
A remote-controlled car bomb detonated near a NATO base in Kandahar city Wednesday, destroying dozens of motorcycles and 11 cars, a provincial government spokesman said.
There were no report of injuries.
Fisherman Mario Lopez has relied on the waters off Cuba's northern coasts for decades.
His sun-baked skin and leathery hands testify to his years fishing under hot the Caribbean sun in a village east of Havana.
As an oil spill looms to the north, Lopez and other fisherman are uneasy.
"This, for us, is very worrisome," he said, pushing up a sweat stained Miami Dolphins hat from his brow. "The truth is we're worried about what we're going to do."
An update from London on some of the international stories we expect to develop on Wednesday:
Dozens killed in Kingston: At least 29 people, most of them civilians, have been killed in Jamaica's capital amid an all-out police assault on a suspected drug lord's stronghold, the island's government reported. Full story
U.S. backs South Korea: U.S. Secretary of State Hillary Clinton has pledged Washington's support for South Korea and called on North Korea to end belligerent actions. Full story
Italy austerity measures:Â Italy has become the latest eurozone country to announce austerity measures to curb its debt, outlining a two-year package of cuts totaling $29.6 billion. FULL POST
A man convicted in connection with the fatal stabbing of an Ecuadorian immigrant will be sentenced in a New York courtroom Wednesday, according to court documents.
Jeffrey Conroy was convicted in April of manslaughter as a hate crime in the death of an immigrant from Ecuador.
Conroy was accused of having a hand in the death of Marcelo Lucero, a 37-year-old native of Ecuador who was fatally stabbed in the chest on November 8, 2008, in Patchogue, New York.
Conroy was also found guilty of gang assault and conspiracy as well as of assaulting three other Latino men on Long Island.
Manslaughter in the first degree carries a sentence of eight years to 25 years.
He was found not guilty of murder as a hate crime, the most serious charge he faced.
Prosecutors say Conroy and six friends in 2008 targeted Latinos for assaults - part of a sport they called "beaner-hopping."
Several of the seven defendants pleaded guilty to various charges.
A terror suspect accused of plotting to bomb a skyscraper in Dallas, Texas, is scheduled to plead guilty Wednesday.
Hosam Maher Husein Smadi, a 19-year-old Jordanian, will plead guilty to knowingly attempting to use a weapon of mass destruction, according to court documents in the case.
The plea is expected to be discussed at a federal court hearing Wednesday afternoon in Dallas. The charge carries a potential sentence of life in prison.
Smadi entered the United States illegally and lived in Texas where he tried to set off an explosive attached to a vehicle at the base of the 60-story Fountain Place office tower, federal officials said.
He drew authorities' scrutiny because of his violent posts on an extremist chat site, court papers said.
Undercover officers posing as members of an al Qaeda sleeper cell contacted Smadi and, after months of conversations, considered him to be a legitimate threat, authorities said.
Smadi said many times that he wanted to commit violent jihad and that he was a soldier of Osama bin Laden, prosecutors said.
Authorities said they have found no tie between Smadi and any terrorist group.
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