It News

August 29, 2012

A Minute With: Sam Raimi's truly haunting "Possession"

By Dana Feldman
LOS ANGELES | Wed Aug 29, 2012

U.S director Sam Raimi poses during a photo call for his film ''Drag Me To Hell'' at the 62nd Cannes Film Festival, May 21, 2009. REUTERS/Eric Gaillard

(Reuters) - Film director and producer Sam Raimi, for the first time in a long career of spooking audiences with his horror films, has turned to real-life events for supernatural thriller "The Possession," opening in the United States on Friday.

Raimi, whose credits range from directing 2002's "Spider-Man" to producing horror flicks such as "The Grudge" and "The Grudge 2," produces "The Possession." The movie, directed by Ole Bornedal, is inspired by a newspaper account of a family that fights a demon known as a Dibbuk in ancient Yiddish folklore.

Matches go by the book, and quickly, at US Open

By EDDIE PELLS, AP National Writer

NEW YORK (AP) — Over the first two days of the U.S. Open, the world's largest tennis stadium turned into the world's biggest bore.
There were 10 matches in 23,000-seat Arthur Ashe Stadium, all of them decided in straight sets.
There were 24 sets, only three of them as close as 6-4.
There were 191 games, 144 of them won by the players who advanced.
After one of Tuesday's more emphatic blowouts, defending champion Novak Djokovic summed up the No. 1 mission for favorites in their early matches at the year's final Grand Slam.
"It's important for me," he said, "to try to be as economical with the time I spend on the court as possible."

Eddie Murphy - Eddie Murphy To Return In Beverly Hills Cop Tv Series

29 August 2012

Beverly Hills Cop could be heading for the small screen! And Eddie Murphy could well be appearing in the spin-off, according to The Hollywood Reporter. Eddie Murphy and Shawn Ryan are currently touting a TV version of the popular movie franchise to a number of broadcast networks. It's unclear which of the original characters will remain but it has been reported that Murphy will have an onscreen role in the spin-off, with his original character Axel Foley now being the chief of police in Detroit and Foley's son being the central character.

Back in November, Murphy told Rolling Stone what he was planning for the show and revealed that a fourth movie was out of the question: "I'd do the pilot, show up here and there. None of the movie scripts were right; it was trying to force this premise. If you have to force

Banks are becoming profitable, FDIC says
Triangle Business Journal

Federal Deposit Insurance Corp. seal bank fraud warning

Date: Wednesday, August 29, 2012
Around the Triangle, with so many community banks and a handful of big banks fighting for every deposit, the report from the Federal Deposit Insurance Corp. could not have come at a better time. FDIC reports there are only 10.9 percent of FDIC-insured banks had net losses during the second quarter, down from 15.7 percent a year earlier. Also, the number of problem institutions fell from 772 to 732 during the quarter.
Also, the average return on assets for the entire group of banks increased to 0.99 percent from 0.85 percent a year ago. For giant financial institutions such as Bank of America (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and JP MorganChase & Co. (NYSE: JPM) -- this could be the additional money they may be rolled over in loans. And these banks may finally have started doing just that. FDIC report states loan balances rose by

Second-quarter growth revised up to 1.7 percent

WASHINGTON | Wed Aug 29, 2012

A man pushes his shopping cart down an aisle at a Home Depot store in New York, July 29, 2010. REUTERS/Shannon Stapleton

(Reuters) - The economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve.

Gross domestic product expanded at a 1.7 percent annual rate, the Commerce Department said in its second estimate on Wednesday as stronger export growth offset a pull-back in restocking by businesses wary of sluggish domestic demand.

That was up from last month's 1.5 percent estimate and in line with economists' expectations. The economy grew at a 2.0 percent pace in the January-March period.

US election: Ann Romney tells of her Welsh roots

US election: Ann Romney tells of her Welsh roots
29 August 2012 Last updated at 07:37 ET Help
The wife of Republican presidential candidate Mitt Romney has spoken of her south Wales roots at the US Republican National Convention in Tampa, Florida.

Ann Romney described how her miner grandfather in Nantyffyllon was determined to prevent his family going down the pit, and saw "hope and opportunity" in the US.

She spoke as her husband was officially selected as the Republican nominee for this year's US presidential election.

Just to be clear, Maria Sharapova is not pregnant

US OPEN | COMMENTS
2012/8/28

By tennis.si.com
Maria Sharapova withdrew from two summer hard-court tournaments because of a stomach issue, but she insists she’s all better now. She definitely looked it in her 6-2, 6-2 opening-round win over Hungarian Melinda Czink on the first day of the U.S. Open.

The French Open champion was moving extremely well and hitting a clean ball off both sides. It was an encouraging performance for Sharapova, who hasn’t played a match since the Olympics.

Sharapova says she felt pain in her stomach in London before her Olympic final against Serena Williams, which she lost 6-0, 6-1, but dismissed any insinuation that the illness affected her play there. The pain worsened when she returned to North America to play the Rogers Cup in Montreal.

“I think it was some stomach bug,” she said. “But I thought it was getting better. Then I started eating like the normal Maria, and it wasn’t better.

Home Prices In 20 U.S. Cities Mark First Gain Since 2010
By Shobhana Chandra - Aug 28, 2012

Home prices in 20 U.S. cities climbed in June from a year earlier, the first gain in almost two years, indicating the market that triggered the recession is beginning to rebound.
The S&P/Case-Shiller index of property values in 20 cities increased 0.5 percent from June 2011, the first gain since September 2010, a report from the group showed today in New York. The median forecast of 29 economists surveyed by Bloomberg News called for a 0.05 percent drop. Nationally, prices jumped

Mars rover sends amazing photos, 1st human voice from red planet

By Mike Wall Space.com

Published August 28, 2012
NASA's Mars rover Curiosity has beamed home the first human voice ever sent from another planet, as well as some spectacular new images of its Martian environs.
The 1-ton Curiosity rover broadcast a pre-loaded greeting from NASA administrator Charlie Bolden, who congratulated the mission team for getting the huge robot to Mars safely. While the significance of the audio accomplishment is largely symbolic, NASA officials hope it presages a more substantial human presence on the Red Planet down the road.

Prince Harry - After Naked Pictures, Prince Harry Offered $10 Million For Adult Movie

28 August 2012

Prince Harry and Prince William, the Duke of

By contactmusic.com
After Naked Pictures, Prince Harry Offered $10 Million For Adult Movie
We could see this one coming. After Prince Harry 's Vegas pictures became the talk of the world's media last week, it seems one adult movie studio is looking to cash in. Vivid Entertainment boss Steve Hirsch has a habit of offering tons of money to get unlikely celebrities to star in his movies, though he rarely succeeds in landing his targets.

Lindsay Lohan suspect in $100,000 jewelry theft, reports say

Published August 28, 2012
New York Post

Lindsay Lohan has often been accused of having sticky fingers — but so far, none of the charges against her has stuck.

Now she faces more jewel-fueled drama.
The Los Angeles Police Department considers her a suspect in the theft of $100,0000-worth of watches and sunglasses — and the “Herbie Fully Loaded” star could be facing serious jail time if she is found to have violated her probation, TMZ reported Monday night.
Lohan’s latest legal woes erupted last week when she and her assistant, Gavin Doyle, were party guests at the Hollywood Hills home of millionaire Sam Magid, who later called cops to report a jewel theft.
Lohan tried to leave the all-night party at around noon the next day, Aug. 20, but the owner realized several expensive watches and some sunglasses were missing before she got the chance.

Spanish Recession Deepens

By DAVID ROMÁN
202/8/28

MADRID—Spain's economic recession deepened in the second quarter amid the country's largest-ever bank failure and a steep downturn in domestic spending that could sharpen as the government raises sales taxes starting next month.

Fresh figures Tuesday from the statistics institute INE for the second-quarter and 2011 suggest "the economy is much weaker than previously thought," said Tullia Bucco, an economist at UniCredit Research. "This risks weighing on the government's capacity to reach the fiscal targets set for this year and the next."

Central bank, growth concerns halt share gains

By Richard Hubbard

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange August 27, 2012. REUTERS-Remote-Marte Kiessling

LONDON | Tue Aug 28, 2012
(Reuters) - A month-long rally in world shares and riskier currencies such as the Australian dollar stalled on Tuesday as uncertainty over global growth and the next moves by the world's major central banks put investors in a cautious mood.

However, the threat of a tropical storm in the Gulf of Mexico hitting oil supplies supported crude prices, while Wall Street looked set to open unchanged ahead of a key speech by Federal Reserve Chairman Ben Bernanke on Friday. .N

Major risk asset markets have enjoyed broad-based gains over the past month due to hopes for a third round of monetary easing by the Fed and a promise from the European Central Bank President Mario

Tropical Storm Isaac Nears With Rainfall the Biggest Concern

By ANTHONY CASTELLANO, ALEXANDRA LUDKA and CHRISTINA NG (@ChristinaNg27)

PHOTO: Workers stack sandbags on top of retaining wall baskets in preparation for Tropical Storm Isaac, which is expected to make landfall on the Louisiana coast as a hurricane, in Port Sulphur, La., Monday, Aug. 27, 2012.

Aug. 28, 2012
Tropical Storm Isaac is on the verge of becoming a Category 1 hurricane before it makes landfall, but forecasters say the biggest threat will be the rainfall and storm surge, not the wind.

Forecasters have projected landfall as early as tonight, a day short of the seventh anniversary of Hurricane Katrina. New Orleans Mayor Mitch Landrieu Monday said Isaac's path is similar to Katrina's and the anniversary has left much of the Gulf Coast on "a high level of anxiety."

Winds will be an issue initially when Isaac makes landfall with gusts up to 80 mph. Forecasters say the big threat will be the storm surge around New Orleans and Biloxi, Miss., where water might rise six to nine feet. The slow-moving storm is forecasted to hover over the Gulf Coast and could punish coastal areas with up to

Gold Is Going to $1,700 and Beyond Says Trader

Wiener Philharmoniker gold coins are pictured at the Ginza Tanaka store in Tokyo

By Jeff Macke | Breakout 2012/8/27
After dominating the headlines for years it's been a tough slog for gold of late. The barbaric metal is getting outpaced by the broader equity markets so far in 2012 and has lost more than 5% over the last twelve months. According to Eric Wilkinson of Blue Group Trading, all of that is about to change.
Wilkinson's bullishness has both fundamental and technical reasoning. Technically last week saw big volumes in gold at $1,640 an ounce, followed by a $20 rip in almost a straight line. That makes $1,640 good support on a technical basis. It's where other traders will be putting money to work which creates natural price support.
The quick rise also forms the trader's fundamental view. Wilkinson and others think European countries have been huge sellers of gold to pay down their debts.

Is More Fed Action the Answer? All Eyes on Bernanke’s Jackson Hole Speech

By Bernice Napach | Daily Ticker
2012/8/27
By Friday mid-morning the financial markets will have turned their attention away from the Republican national convention to focus on Fed Chairman Ben Bernanke. That's when he'll be speaking at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, as he does every year.
The title of this year's speech: "Monetary Policy Since the Crisis."
Financial markets will be looking for any sign of a change in Fed policy, specifically whether the Fed will embark on another round of quantitiative easing. That's when the Fed buys government debt in order to lower interest rates and increase the money supply, which can ultimately boost economic activity.
The Fed has already commenced two programs of quantitative easing (a.k.a. QE), extended "Operation Twist" until the end of the year and depressed short-term interest rates to near zero until at least 2014.

Tim Tebow Fantasy Football Stock Unchanged Against Panthers

By Alex Welch
2012/8/27

Tim Tebow didn't do much to impress fantasy owners against the Panthers. We break down the fantasy implications.

Like SBNation.com on Facebook.

Aug 27, 2012 - The New York Jets struggled once again to put points on the scoreboard, and Tim Tebow was not the answer to their issues during Sunday night's preseason game against the Carolina Panthers. He completed only 4-of-14 passes for 55 yards and an interception, rushing for 45 yards on five carries as well.

Analysis: In Tebow's defense, several of his incompletions came at the end of the fourth quarter when the Jets were simply throwing up bombs to the end zone in hopes of winning the game. Tebow proved he can get the ground game going, averaging 9.0 yards per carry and breaking off a 20-yard run at one point. New York has yet to unveil the Wildcat

"The Expendables 2" snags No. 1 box-office spot for second-straight weekend

August 27, 2012

(CBS/AP) Sylvester Stallone's "The Expendables 2" snagged the No. 1 box-office spot for the second-straight weekend with $13.5 million. Released by Lionsgate, the film raised its domestic total to $52.3 million after two weekends.
Holdover movies easily led the weekend box office again, as "The Bourne Legacy" landed in second place with $9.3 million, followed by "ParaNorman" with $8.5 million.

Hollywood may have run out of summer hits, but an anti-Obama documentary is helping to fill the gap.

The weekend's new wide releases were overshadowed by "2016: Obama's America," which expanded from limited to nationwide release and took in $6.2 million to finish at No. 8.

Jersey Shore Stars Tweet Congrats to New Mom Snooki!

by Bruna Nessif Sun., Aug. 26, 2012
Lorenzo Dominic LaValle's here!
There was a collective fist-pump today when Jersey Shore fans heard the news of Snooki giving birth to her and Jionni's anticipated baby guido at St. Barnabas Medical Center in Livingston, N.J., just before 3 a.m.
And, of course, her Shore costars were just as excited.
Get all the deets on Lorenzo's arrival!

"So proud of @snooki and @JLaValle! Lorenzo is the cutest baby I ever seen. Love him already," Snooks' BFF JWoww tweeted.
Uncle Pauly D wrote, "I Love It This Time A Yearrr When Baby Lorenzo's Here !!!!! Congrats @snooki And @JLaValle !!! #BabyBlowout"
"Congrats @snooki !!!!! So happy for you," Sammi tweeted, while Ronnie posted, "Congratulations to @snooki !!! Luv ya baby sis! Remember breathe and push!!"
Chris Pratt tweets about baby Jack's arrival

Strong Earthquake Strikes El Salvador's Coast

August 27, 2012
A strong 7.3-magnitude earthquake has struck off the coast of El Salvador, triggering a small tsunami and initial warnings for the region that have been canceled.

The U.S. Geological Survey reports the epicenter of Monday's earthquake was located about 120 kilometers south of Usulutan. A magnitude 5.4 aftershock hit the same area about an hour later.
The Pacific Tsunami Warning Center says a small tsunami was observed along the coast in Acajutla, El Salvador. It canceled its warnings for Costa Rica, Nicaragua, El Salvador, Honduras, Guatemala, Panama and

Roger Clemens looks good with Skeeters ... next stop an MLB team?

By Chuck Schilken
August 26, 2012

Roger Clemens threw 3 1/3 innings, giving up only one hit, striking out two and walking none for the Sugar Land Skeeters on Saturday night.

Not a bad outing for a 50-year-old man who hasn't pitched for a team in five years and has become more known to some as the guy who was charged with lying to Congress about alleged steroid use (he was acquitted in June).

KATY PERRY $20 Mil 'Idol' Offer REJECTED

By tmz.com/2012/08/25

"American Idol" desperately wanted Katy Perry to fill one of its vacant judge's seats, so much so, they offered her $20 MILLION ... but she she still turned it down ... TMZ has learned.

Sources close to the production tell TMZ ... "Idol" pursued Perry relentlessly for weeks, eager to get her to sign on the dotted line. According to our sources, they started the offer at $18 million, but threw even more cash on the table ... $20 MILLION for a one year contract!!!

GOP angling for Catholic votes

In a bold move, the Republican Party invited Cardinal Timothy Dolan to close out the national convention, and he accepted.

August 26, 2012
Priests are in the praying business, and political conventions long have invited men and women of the cloth to seek God's blessing on their deliberations. But in asking the leader of the nation's Roman Catholic bishops to close out next week's Republican National Convention in Tampa, Fla., with a benediction, the GOP is not so subtly angling for Catholic votes and seeking to capitalize on the hierarchy's disputes with the Obama administration. Instead of lending his presence to the proceedings, Cardinal Timothy Dolan of New York should have followed protocol and allowed a local and lower-profile cleric to do the honors.

To be fair, Dolan expressed a willingness to offer a prayer at the Democratic convention as well. He insists that his participation in the Republican proceedings is not a partisan gesture. The cardinal's spokesman said that, before accepting, Dolan told convention organizers that it was standard church practice for the local bishop of the

Snooki Delivers Baby Boy!

by Jefferson Reid and Brandi Fowler
2012/8/26
The self-described "pregnant whale" is pregnant no more. Yep, Jersey Shore star Snooki is a mom!
The tiny "Guidette" gave birth to an even tinier meatball, son Lorenzo Dominic LaValle, at St. Barnabas Medical Center in Livingston, N.J. just before 3 a.m. Sunday morning.
"The world just got another Guido!!! Lorenzo Dominic LaValle has entered the world weighing 6lbs, 5oz. Nicole, Jionni & Enzo are doing great!," a rep for the reality star told E! News.
Take her word for it, Snooki is a whale of a woman
Following the delivery, Snooki headed to Twitter to share the good news with fans, tweeting, "I am SO IN LOVE with my son Lorenzo Dominic ! I had my little

Pages

August 29, 2012

August 28, 2012

August 27, 2012

August 26, 2012