The chief executive of JPMorgan Chase — America’s largest bank — revealed Thursday that the bank recently lost $2 billion in the same complex, risky trades that helped bring on the 2008 financial crisis. Jamie Dimon called the bank’s actions an “egregious mistake” and embarrassing. Shares in JPMorgan fell nearly 7 percent in late trading […]
Experts Recommend FDA Approval of AIDS Prevention Drug
Posted May 10th, 2012 at 7:45 pm (UTC-5)
A panel of experts has recommended federal approval of a drug proven to prevent HIV — the virus that causes AIDS. The panel held two separate votes Thursday on recommending the drug Truvada for people at high risk of AIDS — one for gay and bisexual men and one for heterosexual couples where one person […]
Protests in Guinea Turn Violent
Posted May 10th, 2012 at 7:40 pm (UTC-5)
Police in Guinea have used tear gas and batons to disperse protesters demanding the government open talks with the opposition about the organization of the long-delayed legislative elections. A VOA reporter said clashes between police and demonstrators took place Thursday as the crowd tried to gather for a march to a stadium in the capital, […]
US Agents Break Up Honduran Cocaine Ring
Posted May 10th, 2012 at 7:30 pm (UTC-5)
U.S. federal agents have arrested 28 people for allegedly running a cocaine smuggling ring between Honduras and northern Virginia. Officials say many of the suspects are illegal immigrants from Honduras. Investigators say that the ring used couriers to import the cocaine into the United States and that once those couriers arrived in the U.S., the […]
Twin Car Bombs in Syrian Capital Kill 55
Posted May 10th, 2012 at 6:50 pm (UTC-5)
Two suicide car bombs that exploded in the Syrian capital near a state intelligence compound Thursday killed at least 55 people and wounded another 370, making it the country’s deadliest attack since an opposition uprising began 14 months ago. State media said two booby-trapped cars with 1,000 kilograms of explosives exploded within seconds of each […]
Guinea Police Fire Tear Gas at Protesters
Posted May 10th, 2012 at 6:50 pm (UTC-5)
Police in Guinea have used tear gas and batons to disperse protesters demanding the government hold long-delayed legislative elections. A VOA reporter said clashes between police and demonstrators took place Thursday as the crowd tried to gather for a march to a stadium in the capital, Conakry. The reporter said the protesters were also attacked […]
US Posts First Budget Surplus Since 2008
Posted May 10th, 2012 at 6:15 pm (UTC-5)
The United States has posted its first budget surplus in almost four years. The Treasury Department said Thursday the country took in more money last month than it spent for the first time since September 2008, just before the global economic recession. Americans pay their yearly taxes in April, so an increase in revenue is […]
Sarkozy Government Resigns Ahead of Hollande Inauguration
Posted May 10th, 2012 at 6:15 pm (UTC-5)
Outgoing French President Nicolas Sarkozy’s conservative government has officially resigned, paving the way for the inauguration of president-elect Francois Hollande next week. Prime Minister Francois Fillon notified Mr. Sarkozy by letter Thursday that he and his ministers were resigning, although the Cabinet will continue to handle daily affairs until Mr. Hollande’s May 15 inauguration. Mr. […]
US Sues ‘America’s Toughest Sheriff’
Posted May 10th, 2012 at 5:25 pm (UTC-5)
The U.S. Justice Department is suing the Arizona officer who calls himself “America’s Toughest Sheriff” for allegedly violating the constitutional rights of Latinos. Federal officials say Maricopa County Sheriff Joe Arpaio and his officers have consistently stopped and arrested people based on their race, color, or national origin. They say Arpaio’s department pulled over up […]
Yemen Airstrikes, Raids Kill 17 Al-Qaida Militants
Posted May 10th, 2012 at 4:35 pm (UTC-5)
Airstrikes and mortar fire have killed at least 17 al-Qaida militants in southern Yemen, days after details emerged about a Saudi mole within the terrorist network whose information helped the U.S. foil a plot by the group’s Yemeni branch. Security officials in Yemen said Thursday’s airstrikes struck the town of Jaar and northeast of Zinjibar, […]
