CA high court tosses gang leader's death sentence (AP)

SAN FRANCISCO ? The California Supreme Court ruled unanimously Monday to toss out the murder conviction and death sentence of a Los Angeles gang leader who authorities believe was the "shot caller" for as many as 60 killings.

The court found that the judge presiding over Cleamon "Big Evil" Johnson's 1997 murder trial erred in removing a juror accused of deciding the case before deliberations. His co-defendant, Michael "Fat Rat" Allen, also had his conviction and death sentence overturned.

Johnson led the 89 Family Bloods during the 1980s and early 1990s. He and Allen both were sentenced to death after they were convicted in the 1991 murders of two rival gang members at a South-Central Los Angeles car wash.

Los Angeles prosecutors will have to seek a new trial if they want to reinstate the convictions.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20111205/ap_on_re_us/us_big_evil

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Kogan advertises Samsung LCDs in its HDTVs, Samsung would rather not take credit

It won't be shocking to most in the electronics industry, but the rest of the world probably doesn't realize that many products use components from other manufacturers and even direct competitors. So much like most hard drives are made by one of only a few companies, there are only about four LCD panel manufacturers. But just because it's Samsung inside doesn't make it the same, and in that vein Samsung took pause with the Australian value-minded brand, Kogan, when its commercial very plainly exposed just who makes the panels in its TVs . The cease and desist notice didn't sit well with Ruslan Kogan, who claims his company never agreed to obscure that fact and that he wouldn't "conceal the truth from the public." While we usually wish everyone could just get along, we can totally see where Samsung is coming from on this one, as there is far more involved in making a quality TV, beyond sourcing a great panel.

Continue reading Kogan advertises Samsung LCDs in its HDTVs, Samsung would rather not take credit

Kogan advertises Samsung LCDs in its HDTVs, Samsung would rather not take credit originally appeared on Engadget on Tue, 06 Dec 2011 02:07:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/06/kogan-advertises-samsung-lcds-in-its-hdtvs-samsung-would-rather/

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HBT: C.J. Wilson has a 6-year offer on the table

UPDATE II: If you?re wondering why C.J. Wilson hasn?t accepted that six-year offer from the Nationals yet, well, it?s because it?s apparently not true. Nationals general manager Mike Rizzo just told Jim Bowden of ESPN and MLB Network Radio on Sirius XM that he hasn?t offered Wilson a six-year deal.

UPDATE: The mystery team is revealed. According to Jim Duquette of MLB Network Radio on SiriusXM, the Nationals are the team who offered C.J. Wilson a six-year contract.

5:04 PM: Last night Jon Paul Morosi of FOXSports.com reported that four teams had made offers to C.J. Wilson and now Jeff Wilson of the Fort Worth Star Telegram writes that one of those offers is a six-year contract.

And it?s not from the Rangers, who?re scheduled to meet with Wilson?s agent tonight or tomorrow.

According to Jeff Wilson there?s a fifth team in the mix for the free agent left-hander that has so far ?remained anonymous? along with the Rangers, Nationals, Angels, and Marlins.

Source: http://hardballtalk.nbcsports.com/2011/12/05/c-j-wilson-has-a-six-year-contract-offer-on-the-table/related/

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U.S. uncertain Israel would advise before Iran strike (Reuters)

ABOARD A U.S. MILITARY AIRCRAFT (Reuters) ? The top U.S. military officer told Reuters on Wednesday he did not know whether Israel would alert the United States ahead of time if it decided to take military action against Iran.

General Martin Dempsey, the chairman of the Joint Chiefs of Staff, also acknowledged differences in perspective between the United States and Israel over the best way to handle Iran and its nuclear program.

He said the United States was convinced that sanctions and diplomatic pressure was the right path to take on Iran, along with "the stated intent not to take any options off the table" - language that leaves open the possibility of future military action.

"I'm not sure the Israelis share our assessment of that. And because they don't and because to them this is an existential threat, I think probably that it's fair to say that our expectations are different right now," Dempsey said in an interview as he flew to Washington from London.

Asked whether he was talking about the differences between Israeli and U.S. expectations over sanctions, or differences in perspective about the future course of events, Dempsey said: "All of the above." He did not elaborate.

He also did not disclose whether he believed Israel was prepared to strike Iran.

Iran is facing new sanctions after the International Atomic Energy Agency (IAEA) reported earlier in November that Tehran appeared to have worked on designing a bomb and may still be conducting secret research to that end.

Iran says its nuclear program is peaceful.

The sanctions push got added momentum on Wednesday as diplomatic sources said Britain would support an embargo on Iranian oil imports. But Iran sees its nuclear program as a source of power and prestige and it is unclear whether sanctions will alter its cost-benefit analysis.

There has been concern that if world powers cannot nudge Iran into serious nuclear negotiations, then Israel, which feels threatened by Iranian nuclear aspirations, will attack.

Asked directly whether Israel would alert the United States ahead of time if it chose to go forward with military action, Dempsey replied flatly: "I don't know."

NO NEW ARGUMENTS

Last week, U.S. Defense Secretary Leon Panetta raised American concerns about the unintended consequences of any military action against Iran during talks with his Israeli counterpart, Ehud Barak, at a security forum in Canada.

Those included U.S. fears about fallout on the world economy and that a strike would only delay - not derail - Iran's nuclear program.

Iran has warned that it will respond to any attacks by hitting Israeli and U.S. interests in the Gulf. Analysts say Tehran could retaliate by closing the Strait of Hormuz, the waterway where about 40 percent of all traded oil passes.

Dempsey, who took over the Pentagon's top uniformed position in September, said there were no new arguments the United States was about to pose to Israel on the matter. Instead, he cited U.S. and Israeli efforts to "consistently try to update each other on the existing arguments."

(Editing by Deborah Charles and Paul Simao)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111130/wl_nm/us_usa_iran_israel

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Wall Street soars as central banks move to ease crunch (Reuters)

NEW YORK (Reuters) ? Stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.

All ten S&P sectors were sharply higher, with the energy and materials groups approaching gains of 5 percent.

The U.S. Federal Reserve, the European Central Bank as well as the central banks of Canada, Britain, Japan and Switzerland agreed to lower the cost of existing dollar swap lines -- or reducing the cost of temporary dollar loans -- to banks by a half percentage point, starting December 5.

The central banks' actions was intended to ensure that starved European banks facing a credit crunch have enough funding as the euro zone's sovereign debt crisis worsens.

Also, China unexpectedly cut bank reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.

Further encouraging investors, the latest economic data suggested the U.S. economy was moving more solidly toward recovery. The U.S. private sector added the most jobs in nearly a year in November, while business activity in the U.S. Midwest grew faster than expected in November surged.

Other data showed pending sales of existing U.S. homes surged in October by the most in nearly a year.

"There's a perfect storm of bullishness. PMI came out better than expected, plus what happened overseas, and ADP was well above consensus," said Donald Selkin, chief market strategist at National Securities in New York, with about $3 billion in assets under management.

"With this turnaround, we're right back in the same range we were a few weeks ago. For this rally to continue it will be incumbent on the data to keep coming out OK. I don't think it'll be up, up and away here, but I believe we won't break the bottom we had in October."

The Dow Jones industrial average (.DJI) soared 420.35 points, or 3.64 percent, at 11,975.98. The Standard & Poor's 500 Index (.SPX) jumped 42.98 points, or 3.60 percent, at 1,238.17. The Nasdaq Composite Index (.IXIC) advanced 89.46 points, or 3.56 percent, at 2,604.97.

Financial stocks rose after the central banks' action. Bank of America Corp (BAC.N) was up 4.9 percent to $5.32, while JPMorgan Chase & Co (JPM.N) added 6.4 percent to $30.39, and Citigroup Inc (C.N) rose 5.1 percent to $26.55.

Still, financial shares could be pressured after Standard & Poor's on Tuesday reduced its credit ratings on 15 big banks, mostly in Europe and the United States as part of a sweeping overhaul of its ratings criteria. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo & Co (WFC.N), Goldman Sachs Group Inc (GS.N), Morgan Stanley (MS.N) each had their rating reduced by one notch each.

(Reporting by Angela Moon; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111130/bs_nm/us_markets_stocks

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Video: For Rent: Pamela Anderson's Malibu Home

Guy, you will never date Pamela Anderson, but you could say you slept in her bed. CNBC's Jane Wells has the detail.

Related Links:

Business & financial news headlines from msnbc.com

Source: http://video.msnbc.msn.com/cnbc/45501005/

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