Knife found at O.J. Simpson's former L.A. home studied by police LOS ANGELES Police said on Friday they were examining a knife purportedly found at the former home of O.J. Simpson, the onetime football star acquitted of stabbing to death his ex-wife and her friend in the "Trial of the Century" two decades ago. |
Supreme Court temporarily blocks Louisiana abortion law WASHINGTON The Supreme Court, two days after hearing a major abortion case from Texas, on Friday temporarily blocked a Louisiana law imposing regulations on doctors who perform abortions in a move that would allow two recently closed clinics to reopen.
Exclusive: U.S. watchdog to probe Fed's lax oversight of Wall Street NEW YORK A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.
Brazil's Lula detained in corruption probe; Rousseff objects SAO PAULO/BRASILIA Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning on Friday in a federal investigation of a vast corruption scheme, fanning a political crisis that threatens to topple his successor, President Dilma Rousseff. |
Sharp declines in technology bellwethers Intel and Yahoo dragged down the tech laden Nasdaq Composite Index Wednesday. The index finished at 2279.64, a drop of 23.05 points or 1 percent. The Dow Jones Industrial Average and S&P 500 Index ended the day with losses of 0.38 percent and 0.39 percent to end at 10,854.86 and 1277.93 respectively.

The world's largest chipmaker fell nearly $3 or 11 percent to $22.60. Internet software giant Yahoo was down nearly $5 to close at $35.18 a loss of nearly 12 percent. Analysts blamed disappointing sales forecasts for the first quarter for today's selloff. 

A number of research firms including Citigroup and UBS handed downgrades to Intel stock today. This followed the company's failure to meet analysts’ and its own expectations for revenue and earnings during its fourth quarter earnings release yesterday.  

Thomas Thornhill lowered his stock rating to "neutral" and commented on Intel's competitive situation with arch-rival Advanced Micro Devices. “AMD is likely to remain a serious competitor to Intel and Intel’s longer-term risk profile is now higher than we previously believed”