Yahoo! National News

Special Report: A top hedge fund manager that's too hot for some to handle

Yahoo! National News - Fri, 04/15/2016 - 07:16

Platinum Partners' Mark Nordlicht and Uri Landesman pose in their New York officesStarting around 2010, hedge fund manager Platinum Partners lent the reseller of electricity and natural gas tens of millions of dollars, and then took at least a 20 percent equity stake in the fast-growing company. Platinum’s Value Arbitrage fund, meanwhile, gained 9.4 percent, far ahead of its sector average of 2.46 percent.


California court reverses judge who said teacher tenure unconstitutional: AP

Yahoo! National News - Fri, 04/15/2016 - 07:03
(Reuters) - A California court on Thursday handed unions a victory, reversing a judge who said teacher tenure was unconstitutional, the Associated Press reported.

'Let them sell their summer homes': NYC pension dumps hedge funds

Yahoo! National News - Fri, 04/15/2016 - 06:59

Downtown Manhattan and the One World Trade building are pictured from the observation level of the Empire State Building in the Manhattan borough of New YorkNew York City's largest public pension is exiting all hedge fund investments in the latest sign that the $4 trillion public pension sector is losing patience with these often secretive portfolios at a time of poor performance and high fees. The board of the New York City Employees Retirement System (NYCERS) voted to leave blue chip firms such as Brevan Howard and D.E. Shaw after their consultants said they can reach their targeted investment returns with less risky funds. The move by the fund, which had $51.2 billion in assets as of Jan. 31, follows a similar actions by the California Public Employees' Retirement System (Calpers), the nation's largest public pension fund, and public pensions in Illinois.


Lawyers: Teen treated unfairly after nude images shared

Yahoo! National News - Fri, 04/15/2016 - 06:59
ATLANTA (AP) — A Georgia high school senior says she was victimized twice — first when her ex-boyfriend shared nude images of her via social media and again when she was arrested for throwing water and cursing at him.

The Latest: 3 religious leaders defended in abuse case

Yahoo! National News - Fri, 04/15/2016 - 06:53

FILE - This combination of file photos from March 18, 2016 shows Giles Schinelli, left, Anthony Criscitelli, center, and Robert D'Aversa, when they were arraigned on charges of child endangerment and criminal conspiracy at a district magistrate in Hollidaysburg, Pa. The three Francisan friars are scheduled for an April 14 preliminary hearing on charges they allowed a suspected sexual predator to teach at a high school and hold other jobs where he molested more than 100 children. (AP Photo/Keith Srakocic, File)HOLLIDAYSBURG, Pa. (AP) — The Latest on a Pennsylvania hearing in the case of three former Franciscan leaders charged with child endangerment for allegedly knowing a friar had been accused of molesting more than 100 children (all times local):


Conviction stands for ex-NYPD officer in stairwell shooting

Yahoo! National News - Fri, 04/15/2016 - 06:46

FILE - In a Tuesday, Feb. 9, 2016 file photo, Police officer Peter Liang, center, exits the courtroom during a break in closing arguments in his trial on charges in the shooting death of Akai Gurley, at Brooklyn Supreme court in New York. The manslaughter conviction against Liang, who accidentally shot the unarmed man in a public housing project stairwell will stand, a judge decided Thursday, ruling that a juror didn't intentionally withhold information during jury selection. (AP Photo/Mary Altaffer, File)NEW YORK (AP) — A manslaughter conviction against a former police officer who accidentally shot an unarmed man in a public housing project stairwell will stand, a judge decided Thursday, ruling that a juror didn't intentionally withhold information about his father's criminal history during jury selection.


Will Philadelphians bear burden of sugary drink tax?

Yahoo! National News - Fri, 04/15/2016 - 06:45

Will Philadelphians bear burden of sugary drink tax?So how will the sugary drink tax play out for Philadelphia consumers?


California court hands unions victory, reverses judge who said teacher tenure unconstitutional

Yahoo! National News - Fri, 04/15/2016 - 06:44
LOS ANGELES (AP) — California court hands unions victory, reverses judge who said teacher tenure unconstitutional.

Suspect in Ohio officer's killing passes on initial hearing

Yahoo! National News - Fri, 04/15/2016 - 06:32

FILE - This undated file photo provided by the Columbus Division of Police shows police SWAT Officer Steven M. Smith. The Ohio police officer died Tuesday, April 12, 2016, two days after he was critically wounded when a man opened fire on a SWAT team trying to arrest him. (Columbus Division of Police via AP, File)COLUMBUS, Ohio (AP) — The man charged in the death of an Ohio police officer gave up his right to an initial court hearing, a prosecutor said Thursday, giving both sides more time to research the case, including whether the death penalty is appropriate.


Dozens arrested in Denver-area pot raids targeting exporters

Yahoo! National News - Fri, 04/15/2016 - 06:31

An investigator tosses marijuana plants outside an illegal grow operation in north Denver early Thursday, April 14, 2016. Investigators have raided several homes and warehouses throughout the Denver area as part of a multi-state investigation into the illegal distribution of marijuana outside Colorado. (AP Photo/Sadie Gurman)DENVER (AP) — Police and federal agents arrested more than 40 people and seized piles of pot plants and elaborate growing equipment Thursday during raids of homes and warehouses throughout the Denver area, part of a multi-state investigation into the illegal distribution of marijuana outside Colorado.


Texas bans inmate social media profiles managed by others

Yahoo! National News - Fri, 04/15/2016 - 06:30
HOUSTON (AP) — Texas prison officials are cracking down on social media accounts managed for inmates by friends or relatives while the prisoners themselves have no Internet access because they're locked up.

New York suburb, officials charged in landmark bond fraud case

Yahoo! National News - Fri, 04/15/2016 - 06:30

Preet Bharara announces a securities fraud case against officials in the town of Ramapo, New YorkAn elected official of a New York City suburb was charged on Thursday with defrauding investors who helped finance a controversial minor league baseball stadium, in what authorities called the first criminal securities fraud prosecution involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, was charged in an indictment with securities fraud, wire fraud and conspiracy, as was N. Aaron Troodler, a former executive director of the non-profit Ramapo Local Development Corp.


Witness: 3 religious leaders enabled friar to be predator

Yahoo! National News - Fri, 04/15/2016 - 06:24

FILE - This combination of file photos from March 18, 2016 shows Giles Schinelli, left, Anthony Criscitelli, center, and Robert D'Aversa, when they were arraigned on charges of child endangerment and criminal conspiracy at a district magistrate in Hollidaysburg, Pa. The three Francisan friars are scheduled for an April 14 preliminary hearing on charges they allowed a suspected sexual predator to teach at a high school and hold other jobs where he molested more than 100 children. (AP Photo/Keith Srakocic, File)HOLLIDAYSBURG, Pa. (AP) — Records from a Franciscan religious order show three former leaders knew a friar had been accused of child sex abuse before he was allowed to work at a high school and other jobs where he was later accused of molesting more than 100 children, an investigator testified Thursday.


Idaho State University faces concerns over Islamaphobia

Yahoo! National News - Fri, 04/15/2016 - 06:22
Idaho State University's president said on Thursday he had been in talks with Saudi and Kuwaiti education officials seeking to allay concerns about students from those countries facing anti-Muslim harassment in the college town of Pocatello. The discussions with officials from the two Gulf states, which together account for about 1,000 of the foreign students enrolled at Idaho State, were disclosed as school officials sought to determine the origin of anti-Muslim propaganda being distributed anonymously via DVDs on campus. Separately, police in Pocatello have opened a hate-crime investigation into an attack on a man of Middle Eastern descent who was stabbed in the arm earlier this week for no other apparent reason than his appearance, Police Chief Scott Marchand said.

Woman, 83, dies after being shot in Germantown

Yahoo! National News - Fri, 04/15/2016 - 06:22

Woman, 83, dies after being shot in GermantownPhiladelphia police are investigating the shooting death of a woman in the city's Germantown section.


California lawmakers seek university chancellor's resignation

Yahoo! National News - Fri, 04/15/2016 - 06:14
A California lawmaker on Thursday joined at least three of his colleagues in seeking the resignation of University of California, Davis Chancellor Linda Katehi a day after reports surfaced that the school spent $175,000 to quash negative Internet posts. Democratic Assemblyman Mike Gatto, whose district is in the Los Angeles area, cited the image campaign and a recent controversy over Katehi's acceptance of paid seats on the boards of a for-profit education group and a textbook company. Democratic Assemblymen Kevin McCarty, Luis Alejo and Evan Low all asked for Katehi to step down last month, following reports Katehi had accepted paid seats on the boards of DeVry Education Group and textbook publisher John Wiley & Sons.

The Latest: Aggravated murder count filed in officer's death

Yahoo! National News - Fri, 04/15/2016 - 06:14

FILE - This undated file photo provided by the Columbus Division of Police shows police SWAT Officer Steven M. Smith. The Ohio police officer died Tuesday, April 12, 2016, two days after he was critically wounded when a man opened fire on a SWAT team trying to arrest him. (Columbus Division of Police via AP, File)COLUMBUS, Ohio (AP) — The Latest on a Columbus SWAT officer who died after being shot while trying to serve an arrest warrant (all times local):


Man who walked into fire station quizzed on constable ambush

Yahoo! National News - Fri, 04/15/2016 - 06:13

In this undated photo released by Harris County Sheriff's Office, Harris County Deputy Constable Alden Clopton is seen. Clopton was shot multiple times from behind late Wednesday, while talking to another constable following a traffic stop in Houston. Clopton was wearing a protective vest when he was shot and is expected to recover after undergoing several hours of surgery. (Harris County Sheriff's Office via AP)HOUSTON (AP) — Investigators questioned a man Thursday fitting the description of a gunman who authorities say ambushed a Texas deputy constable from behind following a traffic stop and critically injured him.


Escaped Texas inmate found hiding in apartment dishwasher

Yahoo! National News - Fri, 04/15/2016 - 06:06
A Texas county jail inmate who escaped custody while receiving treatment in a hospital was found in the dishwasher of his girlfriend's apartment in boxer shorts and wearing handcuffs with the chain severed, a sheriff's department said on Thursday. "He took out the racks and made himself a nice cubby hole," said Chief Deputy Glenn Blank of the Jasper County Sheriff's office in East Texas. The inmate, Wesley Evans, 20, was captured on Wednesday morning and was taken back into custody after an escape that lasted about 24 hours.

GM says it will phase out cars without air bags

Yahoo! National News - Fri, 04/15/2016 - 06:04
DETROIT (AP) — General Motors Co. said Thursday it will phase out cars without air bags and other safety features after its Chevrolet Sail subcompact flunked a crash test in Latin America.