New York City News

Source: John Edwards has life-threatening heart condition

Sat, 14 Jan 2012 07:11:00 -0500

A federal judge disclosed Friday that former presidential candidate John Edwards has a life-threatening heart condition, a court source confirmed to CNN.

Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations

Sat, 14 Jan 2012 07:10:00 -0500

Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area.

Bank of America told Fed it could sell branches in emergency: source

Sat, 14 Jan 2012 07:10:00 -0500

Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.

Russian Ad Compares Putin Foe to Hitler

Sat, 14 Jan 2012 07:10:00 -0500

While Republican voters in South Carolina are being warned in a new ad not to trust Mitt Romney because, “like John Kerry, he speaks French,” politicking in Russia, where a new president will be elected in March, is a good deal less subtle.

Mossad agents posed as CIA in operation: report

Sat, 14 Jan 2012 07:10:00 -0500

Agents with Israel's Mossad agency posed as American CIA agents in operations to recruit members of the Pakistani militant group Jundallah, a report in Foreign Policy magazine said Friday.

Defiant Ahmadinejad wins backing of four LatAm allies

Sat, 14 Jan 2012 07:10:00 -0500

Iranian President Mahmoud Ahmadinejad headed for home on Friday after achieving his goal of securing the backing of four Latin American allies in his country's nuclear standoff with the West.

Fed’s Evans Says US Jobless Rate May Rise

Sat, 14 Jan 2012 07:10:00 -0500

Federal Reserve Bank of Chicago President Charles Evans said the drop in the unemployment rate to 8.5 percent may be partially reversed in coming months.

Email in your eye? Next-generation video screen glasses could lay messages or GPS over your field of vision

Sat, 14 Jan 2012 07:09:00 -0500

As advances in computer technology make gadgets ever smaller and more portable the idea of carrying a screen of any kind could soon be outdated. Consumer products with screens have dropped in size from computer to laptop to tablet via phone. But one company specialising in cutting edge visual technology waIsraeli company Lumus has shown off the PD-18-2, which may look like a cumbersome pair of shades but allow the user to see high-quality images while they walk.nts to beam information directly into your field of vision.

Silent film hopes to make noise at US Globes

Sat, 14 Jan 2012 07:03:00 -0500

Silent French-directed film "The Artist" hopes to make a lot of noise at the Golden Globes on Sunday, aiming to add to a string of awards and nominations ahead of the all-important Oscars.

Universal Flu Vaccine Could Be Available by 2013

Sat, 14 Jan 2012 07:02:00 -0500

Annual flu shots might soon become a thing of the past, and threats such as avian and swine flu might disappear with them as a vaccine touted as the "holy grail" of flu treatment could be ready for human trials next year.

Cops Believe North Carolina Inmate Hid 10-Inch Revolver In His Rectum. Luckily, It Was Unloaded.

Sat, 14 Jan 2012 07:02:00 -0500

A man arrested this week in North Carolina may have stashed a .38 barrel revolver in his rectum, according to police, who reported that the unloaded 10-inch weapon was not discovered until after the suspect had been booked into a cell in the county jail.

Woman says her fake penis got her fired

Sat, 14 Jan 2012 07:02:00 -0500

IS THAT a Fruit-A-Freeze in your pocket - or are you just happy to see me? A northeastern Pennsylvania woman is suing a South Jersey-based maker of frozen treats and other snack foods, claiming that she was wrongfully fired because she wore a prosthetic penis to work.

New York mayor offers best teachers $20,000 raise

Fri, 13 Jan 2012 06:48:00 -0500

New York City teachers rated "highly effective" for two years in a row would get a $20,000-a-year salary increase under a proposal by Mayor Michael Bloomberg.

NY Fed mulls sale of $7 bln of AIG bonds-Bloomberg

Fri, 13 Jan 2012 06:38:00 -0500

The Federal Reserve Bank of New York may sell a block of the mortgage bonds it assumed from American International Group Inc. (AIG) after being approached by a potential buyer, according to two people familiar with the matter.

New York Attorney General Increases Homeowner Assistance Funding

Fri, 13 Jan 2012 06:35:00 -0500

New Yorkers struggling to keep their homes are about to get additional help. State Attorney General Eric Schneiderman has approved $1 million in funding for nonprofit legal services organizations to directly assist homeowners facing foreclosure, according to a statement released Thursday by his office.

NY arrests 7 in $1M consumer identity theft

Fri, 13 Jan 2012 06:35:00 -0500

Seven suspects have been arrested in an identity theft scheme that netted more than $1 million in products and gift cards by tapping consumer charge accounts in four states, New York Attorney General Eric Schneiderman said Thursday.

Tissue holders pulled from stores in NY, elsewhere

Fri, 13 Jan 2012 06:21:00 -0500

Metal tissue holders contaminated with low levels of radioactive material may have been distributed to Bed, Bath & Beyond stores in more than 20 states including New York, federal regulators said Thursday.

In yearly address, Mayor Bloomberg makes push to develop Kingsbridge Armory

Fri, 13 Jan 2012 06:19:00 -0500

A sweeping transformation of the vacant Kingsbridge Armory took center stage in Mayor Bloomberg’s yearly address. Hizzoner said that once again the city is seeking developers to turn the former Bronx military post into a vibrant retail mecca or mixed-use space.