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SEC mulls charges against McGraw Hill in CDO case

(Reuters) – McGraw-Hill Cos Inc said U.S. regulators may charge its Standard & Poor’s ratings unit with violating federal securities laws with ratings on a repackaged mortgage bond in 2007. The company said it received a Wells Notice from the U.S. Securities and Exchange Commission that commission staff may recommend a civil…

Netflix edges out HBO for Dreamworks deal: report

LOS ANGELES (Reuters) – Netflix Inc has won a deal to pipe Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported on Sunday. Dreamworks CEO Jeffrey Katzenberg told the newspaper the deal, worth…

Five found dead in rural Indiana

Five people have been found dead at two homes in a rural part of the midwestern US state of Indiana in an apparent shooting, police said, adding it was not clear if any suspects were at large. Indiana state police said they were still investigating what led to the deaths…

Obama: GOP approach to government would ‘cripple America’

SEATTLE, Washington — US President Barack Obama warned Sunday that Republicans would “cripple” America, ripping into his political foes at the start of a big money campaign swing through the American west. Obama, touting his $447 billion jobs bill amid strong political headwinds and grim prospects for the unemployment-riddled US…

Chris Hedges: Occupy Wall Street is ‘where the hope of America lies’

Journalist Chris Hedges put in an appearance at the Occupy Wall Street protest on Sunday morning and engaged in a lengthy interview, during which he described the protest as “really where the hope of America lies.” Hedges was particularly impressed by the significance of Saturday’s mass arrests on the part…

DNC Chair: All GOP candidates are ‘the same’

Whether it’s Rick Perry, Mitt Romney, or even Hermain Cain, it doesn’t matter who wins the Republican presidential nomination, according to the Democratic National Committee chair. Rep. Debbie Wasserman Schultz appeared in a debate with RNC counterpart Reince Priebus on Face The Nation Sunday morning. And the Florida congressman expressed…

DNC Chair: All GOP candidates are ‘the same’

Whether it’s Rick Perry, Mitt Romney, or even Hermain Cain, it doesn’t matter who wins the Republican presidential nomination, according to the Democratic National Committee chair. Rep. Debbie Wasserman Schultz appeared in a debate with RNC counterpart Reince Priebus on Face The Nation Sunday morning. And the Florida congressman expressed…

Lady Gaga sings tribute to gay teen who was bullied to death

Lady Gaga dedicated a performance of her hit single Hair to Jamey Rodemeyer, a gay 14-year-old Buffalo-area high school freshmen who killed himself after enduring years of bullying over his sexuality. “We lost a Little Monster this week,” Gaga told a crowd at the iHeartRadio Festival Saturday. “I wanted to…

White House sees October vote on U.S. jobs bill

WASHINGTON — US President Barack Obama’s administration is expecting Congress to vote on his sweeping jobs bill in October, a senior advisor said Sunday, dismissing talk of discord over the bill among Democrats. Obama has encountered stiff resistance from Republicans who make no secret of their desire to bounce him…

Ron Paul touts military support in $1 million ad push

Republican presidential candidate Ron Paul on Thursday launched a new television advertisement highlighting his prior military service and support from veterans. The Texas congressman is an vocal supporter of non-interventionist foreign policy and shutting down military bases overseas, in sharp contrast to other Republican presidential candidates. In addition, Paul has…

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