Mortgage-bond guru gets hit by loan bust
NEW YORK -- Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn't save his own company from getting tangled in the real-estate loan bust. That's alarming -- not just for investors in his small Franklin Bank Corp., but for anyone hoping the credit crisis would end soon. If someone with Ranieri's clout missed the mark on the mortgage mess, w...
Shooting strains truce
BAGHDAD -- Iraqi soldiers fired in the air over supporters of anti-U
Shooting strains truce
BAGHDAD -- Iraqi soldiers fired in the air over supporters of anti-U.S. Shiite cleric Muqtada al-Sadr to prevent them from gathering for Muslim prayers Friday in the southern city of Basra, enraging the worshippers and straining a fragile truce with the government.
In another worrisome sign, a top aide to al-Sadr accused Iraqi forces of violations of a separate truce in Baghdad's Sadr City, where thousands of Iraqi troo...
Halladay, Blue Jays stop K.C.
TORONTO (AP) -- Roy Halladay is the perfect go-to guy for Major League Baseball's efforts to speed up the pace of games. Halladay won for the third time in four starts, Marco Scutaro matched a career high with four RBIs and the Toronto Blue Jays beat Kansas City 7-1 on Friday night, handing the Royals their fifth straight loss. Friday was the first day umpires were asked to crack down on batters who are slow getting into the box, pitchers ...
Dole: Act for wounded vets
WASHINGTON (AP) -- Former Kansas Sen. Bob Dole on Friday urged Congress to expand disability benefits for wounded veterans, but said lawmakers are not likely to act in the face of opposition from veterans groups. Dole's comments came in a speech to the National Press Club where he described some of the changes since a presidential commission last year made dozens of recommendations for improving the treatment of wounded soldiers. One of th...
2. Jeff Burton 1,611
1. Kyle Busch 1,690 2. Jeff Burton 1,611 3. Dale Earnhardt Jr. 1,556 4. Denny Hamlin 1,500 5. Clint Bowyer 1,490 6. Jimmie Johnson 1,442 7. Carl Edwards 1,400 8. Tony Stewart 1,397 9. Kevin Harvick 1,396 10. Jeff Gordon 1,326 11. Greg Biffle 1,308 12. David Ragan 1,266 13t. Ryan Newman 1,264 13t. Kasey Kahne 1,264 15. Martin Truex Jr. 1,230 16. Juan Pablo Montoya 1,190 17. Brian Vickers 1,161 18. Travis Kvap...
Bryant, Lakers roll past Spurs
LOS ANGELES (AP) -- There would be no blown lead in Game 2 of the Western Conference finals. Kobe Bryant and the Los Angeles Lakers saw to that.
Bryant scored 22 points, Lamar Odom added 20 points and 12 rebounds, and the Lakers took command late in the second quarter to rout San Antonio 101-71 Friday night for a 2-0 lead over the Spurs.
Games 3 and 4 in the best-of-seven series will be played in San Antonio, where the Spurs have a 6-0 record...
Harvick taking lead in drug testing
CHARLOTTE, N.C. (AP) -- Kevin Harvick has received a crash course on privacy laws, learned how long different drugs stay in the system, and tested the drivers and crew chiefs on the teams he owns.
A month after the startling admission by former Craftsman Truck Series driver Aaron Fike that he used heroin on the day of races, Harvick has jumped ahead of NASCAR by requiring the drivers and crew on his Nationwide and Truck Series teams to submit...
Governor to attend Zelma Henderson funeral
TOPEKA (AP) -- Gov. Kathleen Sebelius has been invited to attend the funeral of Zelma Henderson, the last surviving Topeka plaintiff in the landmark Brown v. Board of Education case that led to the dismantling of the nation's "separate but equal" doctrine.
Spokeswoman Nicole Corcoran said the governor will attend the 1 p.m. Tuesday service at St. John's AME Church. She earlier sent a letter of condolence to the family.
Henderson, who died Tue...
Officials tour damage from tornado
WINDSOR, Colo. (AP) -- Stormy weather, natural gas leaks and the threat of explosions kept hundreds of anxious residents from assessing the damage to their homes on Friday, a day after a large tornado tore through a 35-mile stretch of northern Colorado, killing one person and injuring dozens.
The twister damaged or destroyed homes, businesses, dairies and farms in several Weld County towns Thursday. The storm system pelted the region with gol...
Campaign questions global warming
WASHINGTON (AP) -- A coalition of conservative evangelical leaders wants to enlist 1 million Christians to sign a statement questioning whether human-caused global warming is a real threat and arguing that restrictive environmental policies harm poor people.
The "We Get It!" campaign is the latest development in an ongoing disagreement among evangelicals about climate change.
"Our stewardship of creation must be based on Biblical principles a...
Presbyterians pick first black leader for seminary
RICHMOND, Va. (AP) -- For the first time in its 196-year history, one of the nation's oldest Presbyterian Church (U.S.A.) seminaries will be led by a black pastor, a triumph for African-Americans who hope he'll use his position to nurture the next generation of minority pastors.
Brian Blount, the head of Richmond's Union Theological Seminary and Presbyterian School of Christian Education, is positioned to shape everything from recruitment to ...
National Hockey League Playoffs
By The Associated Press
STANLEY CUP FINALS
Pittsburgh at Detroit, 7 p
National Hockey League Playoffs By The Associated Press STANLEY CUP FINALS Saturday's Game Pittsburgh at Detroit, 7 p.m. Monday's Game Pittsburgh at Detroit, 7 p.m. Wednesday's Game Detroit at Pittsburgh, 7 p.m. Saturday, May 31 Detroit at Pittsburgh, 7 p.m. Monday, June 2 Pittsburgh at Detroit, 7 p.m., if necessary Wednesday, June 4 Detroit at Pittsburgh, 7 p.m., if necessary Saturday, June 7 Pi...
On Capitol Hill, much said, little changed on Iraq
WASHINGTON -- Lawmakers quizzed top U.S. commanders Thursday. Senators repudiated President Bush on a war-spending bill. Barack Obama visited the Capitol to accuse presidential rival John McCain of "partisan posturing" on Iraq.
When the noise and dust settled, what was accomplished? Almost nothing in terms of forcing Bush to change his policies in the five-year-old conflict, despite the mandate that voters seemed to hand Democrats in 2006.
Oklahoma edges Missouri 4-3
OKLAHOMA CITY (AP) -- Jamie Johnson hit a 2-run double with one out in the bottom of the ninth inning, lifting Oklahoma to a 4-3 win over Missouri on Thursday night in the Big 12 Conference baseball tournament.
Oklahoma (34-23-1), the final team to qualify for the eight-team tournament, is 2-0 in pool play with a game remaining against Texas (35-20) on Saturday. Missouri (38-18) is 1-1 in pool play, as is Texas.
Earlier Thursday, Texas remain...
Pistons tie East finals
BOSTON (AP) -- Home wins are no longer good enough for the Boston Celtics. The road to the NBA finals in the Eastern Conference now goes through Detroit.
Richard Hamilton bounced back from a poor series opener with 25 points, and the Pistons beat Boston 103-97 Thursday night, tying the conference finals at one game apiece and seizing the home-court advantage that has meant everything to the Celtics.
"It is even," forward Rasheed Wallace said....