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Thu
06
Sep
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Peterson Convicted for The Murder of His Third Wife

Jurors convicted Drew Peterson of murdering his third wife Thursday, capping a sensational, five-year legal saga that began after the swaggering former Illinois police officer's fourth wife vanished.

Peterson, 58, sat stoically looking straight ahead and did not react as the verdict was read, but several of Savio's family members gasped before hugging each other as they cried quietly in the courtroom. Illinois has no death penalty, and Peterson now faces a maximum 60-year prison term when sentenced on Nov. 26.

The trial was the first of its kind in Illinois history, with prosecutors building their case largely on secondhand hearsay thanks to a new law, dubbed "Drew's Law," tailored to Peterson's case. That hearsay, prosecutors had said, would let his third and fourth wives "speak from their graves" through family and friends to convict Peterson.

Thu
06
Sep
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Creative Bank Robbery In LA

LA Bank Robbery

Two suspected robbers at an East Los Angeles Bank of America, who kidnapped the bank manager and strapped her with apparent explosives, avoided being seen on bank security cameras, authorities said.

The men stole a significant amount of cash from the bank Wednesday morning. FBI and Los Angeles County sheriff's officials said the woman was told to get money from the bank vault, then toss it in a bag out the back door of the bank.  The men were beyond the range of the cameras, officials said.

The suspected robbers also were wearing masks, and there has been little description provided. They remain on the loose.

Law enforcement sources are scouring potential surveillance video from the area between the bank manager's home in Huntington Park, where she said she was kidnapped Wednesday morning as she opened her garage, and the branch on Atlantic Boulevard in East Los Angeles.

Wed
05
Sep
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Photo: Malia, Sasha Obama Shows Maturity

 

The White House released a photo of first daughters Malia and Sasha Obama sitting on a couch with their father as they watched their mother give her moving convention speech last night.  While the image of the threesome closely huddled together on the couch is undeniably heart-warming, even more striking is the degree to which the two young girls have grown over the past four years.

Sat
01
Sep
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The Aftermath: Hurricane Isaac 2012

 

With the remnants of Hurricane Isaac retreating from the Gulf Coast north, leaving massive devastation in their wake, piles of dead nutria - large semiacquatic rodents have been spotted littering the shore in Waveland, Mississippi, on Friday.   But perhaps one of the most striking images to have come out of the natural disaster was the sight of tombstones and caskets from an above-ground cemetery floating among the debris.  Dozens of damaged headstone were spotted sitting washed atop a levee by flood waters after a breach in Braithwaite, Louisiana. The breach occurred as Isaac made landfall Tuesday night.

Fri
31
Aug
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Sears Ousted From S&P 500

 

Sears Holding Company has had its membership in the S&P 500 revoked.

The ailing retailer, which owns Sears and K-Mart chains as well as apparel brand Land's End, will exit the index at the close of trading on Tuesday, Sept. 4, said S&P late Wednesday.

S&P said the number of Sears shares available to the public, known as its public float, has long been below the 50% threshold needed to be considered "representative of the index."

Sears chairman Edward Lampert, founder of hedge fund ESL Investments, controls 62% of the company's shares.

 

Sears has been a member of the S&P 500 index since it was founded in 1957. Before that, it had been a component of the Dow Jones industrial average, which it had joined in 1924 (and left in 1999).

S&P said Sears will be replaced by LyondellBasell, a chemicals company based in The Netherlands.

Fri
31
Aug
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Mall Shooting Leaves Three Dead In New Jersey

 
Police in New Jersey have reportedly shot and killed a man suspected of being involved in a deadly shootout inside a shopping plaza this morning.
Law enforcement officials say the three dead include the alleged gunman,according to WABC-TV.
Police responded to shots fired inside the Pathmark supermarket on Route 9 in Old Bridge, N.J., just before 4 a.m. There was a confrontation with the alleged gunman, WABC reported. There's no word on his motive.
Several employees were inside the store, which was preparing to open at 6 a.m. Two windows near the entrance to the Pathmark have been shot out.
Numerous employees were taken across the street to a T.G.I. Friday's.
The scene is now under control, according to WABC, and there are emergency responders in the plaza parking lot who have been standing in front of the store for the past hour.

Fri
31
Aug
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West Houston Retailers Enjoy Back To School Surge Along With Rest of The Nation

 

Shoppers hit the malls for back-to-school shopping in August and handed retailers a healthy boost in sales despite continued worries about the job market and a sluggish economy.

With many Southland schools already starting their fall terms and more opening in the next few weeks, retailers have aggressively pushed promotions to encourage shoppers to scoop up backpacks, clothes and notebooks. Analysts say brisk sales during back-to-school months are an encouraging sign for the upcoming holiday season.

Major chain stores posted a 3.6% sales increase in August compared with a year earlier, outpacing analysts' expectations of a 2% rise, according to Thomson Reuters' tally of 17 retailers.

"August was an excellent month for retailers," said Ken Perkins, founder of Retail Metrics Inc. "Back-to-school sales were really a driving catalyst to one of the highest sales increases we have seen in a year or so."

Fri
31
Aug
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Apple vs. Samsung Summary of Legal Lockup

 

Apple Inc. of the U.S. and Samsung Electronics Co. of South Korea are embroiled in legal battles in 10 nations over intellectual property, spanning dozens of cases. Here are details of some of the bigger legal fights:

— In the U.S., Apple scored a major victory on Aug. 24 when a jury found Samsung had "willfully" copied Apple's iPhone and iPad, and awarded Apple $1 billion in damages. Apple is now requesting eight Samsung products be banned from the U.S. market. A hearing was rescheduled for Dec. 6.

— In South Korea, the court on Aug. 24 dismissed Apple's claim that Samsung copied the look and feel of the iPhone and the iPad in a ruling widely seen as a victory for Samsung. Still, the judges issued bans on some Samsung and Apple products. It found that Apple illegally used Samsung's wireless technology while Samsung violated Apple's patent related to the way mobile devices notify users when an image reaches to the end.

Fri
31
Aug
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Mitt Romney Accepts Republican Nomination

Romney Speech

 

TAMPA—Mitt Romney accepted the Republican presidential nomination by making an appeal to Americans disappointed in President Barack Obama's tenure in the White House, arguing he can usher in the change Obama promised in 2008 but has failed to deliver.

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