DETROIT (AP) — Michigan Gov. Rick Snyder appointed six people Tuesday to conduct a 60-day review of Detroit's municipal finances and decide if the state should put an emergency manager in charge of the city's checkbook, the state Treasury Department says.Department spokesman Terry Stanton said the team includes Treasurer Andy Dillon, who determined last week that Detroit's budget was off track and...
Justice reaches settlement with Penguin on e-books
Labels: BusinessWASHINGTON (AP) — The Justice Department announced Tuesday it has reached a settlement with Penguin Group (USA) Inc. in its lawsuit accusing the nation's largest book publishers of colluding with Apple Inc. to raise e-book prices on customers.The settlement, if approved by a federal judge, leaves Apple and Holtzbrinck Publishers LLC, which does business as Macmillan, as the only defendants standing...
Stocks gain on optimism that a budget deal is near
Labels: BusinessNEW YORK (AP) — Stocks climbed on Wall Street Tuesday, pushing the Standard and Poor's 500 to its highest level in two months, on optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.The Dow Jones industrial average rose 115.57 points to 13,350.96, its biggest one-day gain in almost a month. The Standard &...
Cliff talks hit a lull with Boehner's 'Plan B'
Labels: BusinessWASHINGTON (AP) — Just two weeks from an economy-threatening deadline, fiscal cliff talks hit a lull Tuesday as House Speaker John Boehner announced that Republicans would also march ahead with their own tax plan on a separate track from the one he's been pursuing with President Barack Obama.The White House and leading congressional Democrats immediately rejected Boehner's "Plan B," which would extend...
Investors turn against gun makers after massacre
Labels: BusinessMINNEAPOLIS (AP) — Investors shunned some of the nation's largest gun makers Tuesday, putting up for sale the manufacturer of the Bushmaster semiautomatic rifle used in the Connecticut school shooting and worrying that the attack could soon bring stricter gun laws.Stocks of other gun companies fell, and one sporting-goods chain said it would temporarily stop sales of military-style firearms. In Washington,...
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Zelinka has strike for missed drug test;athletes have mixed feelings on protocol
Labels: SportsJessica Zelinka had flown to Ontario for the Olympic Heroes Parade in September when drug testers knocked on her door in Calgary to find her not home.
Her absence was considered a missed doping test, the first strike for one of Canada's top track and field athletes.
Three strikes is an anti-doping violation, and can come with a suspension of up to two years.
Some athletes are quietly complaining...
Former Lance Armstrong teammate banned for 2 years
Labels: SportsJOHANNESBURG (AP) -- David George became the latest former teammate of Lance Armstrong to be banned from cycling for doping on Wednesday, receiving a two-year suspension after he chose not to give evidence at a hearing before South Africa's anti-doping body.
George did not attend Saturday's disciplinary proceedings and claimed that he had taken the blood-booster EPO in isolation and there was no...
Former Lance Armstrong teammate David George banned for 2 years for doping with EPO
Labels: SportsJOHANNESBURG - Lance Armstrong's former U.S. Postal Service teammate, David George, was banned for two years for doping after choosing not to give evidence at a hearing, South Africa's anti-doping body said Wednesday.
George did not attend Saturday's disciplinary proceedings and instead claimed that he had taken the blood-booster EPO in isolation and there was no doping infrastructure in his case,...
IOC strips 4 medals from 2004 Athens Games for doping, postpones decision on Armstrong medal
Labels: SportsLAUSANNE, Switzerland - The IOC has stripped medals from four athletes caught doping at the 2004 Athens Olympics — including one gold medallist — and postponed a decision to revoke Lance Armstrong's bronze from the 2000 Sydney Games.
The IOC on Wednesday disqualified four athletes whose Athens doping samples were retested earlier this year and came back positive, including shot put gold medallist...
IOC not ready to move on Armstrong's Olympic medal
Labels: SportsLAUSANNE, Switzerland (Reuters) - Lance Armstrong will hold on to his 2000 Sydney Olympic bronze medal a little longer after the International Olympic Committee said it would wait for the international cycling union to inform him before moving to strip him of it.
The 41-year-old had his seven Tour de France victories nullified and was banned from cycling for life in October after the International...
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