Democrats are pushing for Medicare cuts on a scale not seen in years to underwrite health care for all. Many seniors now covered under the program don’t like that one bit. Seeing a political opportunity, Republicans have accused President Barack Obama of…

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Barack Obama – Medicare – Health care – United States – Health

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Seniors uneasy over Medicare cuts in overhaul

Thousands of California drug offenders could end up without treatment or jail time because of a clash between the state’s new budget and an initiative approved by voters nine years ago. Gov. Arnold Schwarzenegger and legislators slashed funding for drug…

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California – Arnold Schwarzenegger – United States – Health – War on Drugs

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Drug users may fall through cracks in budget

New Chicago Bears quarterback Jay Cutler and star linebacker Brian Urlacher shot down reports of a rift, saying they’re simply not true. “There’s nothing between us,” Cutler said Thursday, when he reported to training camp. “I just want to put that to rest….

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Chicago Bears – Jay Cutler – Brian Urlacher – Lovie Smith – NFL

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Cutler, Urlacher deny rift

The latest U.S. missile defense test is expected to come Thursday evening in Hawaii waters as tensions continue with North Korea over that country’s missile program. A short-range ballistic missile slated to be fired from the Pacific Missile Range Facility on…

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North Korea – Ballistic missile – Pacific Missile Range Facility – US – Technology

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US set to resume missile defense tests in Hawaii

Declines in convention business and tourism took their toll on Las Vegas casino operators in the second quarter, as Wynn Resorts Ltd. and Las Vegas Sands Corp. each reported worse results Thursday than they did a year earlier. Wynn Resorts said its profit…

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Las Vegas Sands – Wynn Resorts – Las Vegas Nevada – Las Vegas – Casino

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Vegas casinos cut costs, slash room prices in 2Q

A piece of anti-theft software built into many laptops at the factory opens a serious security hole, according to research presented Thursday. The “Computrace” software, made by Vancouver-based Absolute Software Corp., is part of a subscription service that’s…

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Absolute Software – Laptop – Security – Tracking Prevention and Recovery – Theft

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Anti-theft software could create security hole

The Walt Disney Co. said Thursday its fiscal third-quarter profit fell 26 percent as slower DVD sales pushed its movie studio into the red while the weakening market for TV ads stabilized. Hurt by the tough global economy, net income for the family…

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Tulane University – Star Wars – Nintendo Wii – Games – Medical school

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Disney 3Q profit falls 26 pct, cites tough economy

The casino industry has seen revenue drop for more than a year at the same time it is coming off an extended building binge. The combination of those factors with the global credit crunch has put many in a financial bind. To compensate, many including Las…

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Sheldon Adelson – Las Vegas Sands – Business – Casino – United States

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On the Call: Las Vegas Sands CEO Sheldon Adelson

LOS ANGELES (Reuters) – Walt Disney Co posted a 26 percent plunge in quarterly earnings on Thursday, underlining the continuing effects of the recession on advertising and consumer spending, but beat Wall Street forecasts by a hair.

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Disney profit beats Wall Street, shares slide

NEW YORK (Reuters) – Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

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Some U.S. bank pay “unmoored” from performance: Cuomo

CHICAGO (Reuters) – No. 1 U.S. trucking company YRC Worldwide Inc on Thursday reported a large loss due to plunging revenue and hefty charges, and said it was hard to say if the economy has hit bottom, sending its stock down 14 percent.

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YRC posts loss, gets debt deal; stock slides

NEW YORK (Reuters) – Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

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Some U.S. bank pay ‘unmoored’ from performance: Cuomo

NEW YORK (Reuters) – MetLife , the largest U.S. life insurer, posted a quarterly net loss of $1.4 billion on Thursday, as investment losses took their toll.

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MetLife posts $1.4 bln quarterly net loss

Karl Rove, former top White House adviser to President George W. Bush, finished two days of closed-door testimony to Congress on Thursday, as Democrats continue to probe the firing of nine U.S. attorneys in 2006. Previously released Justice Department…

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George W. Bush – Karl Rove – White House – United States – United States Department of Justice

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Rove finishes closed-door testimony to Congress

Wireless modem maker Novatel Wireless Inc. reported a second-quarter loss on Thursday, but says it expects stronger results in the upcoming quarter due a string of new orders. Novatel said it lost $800,000, or 3 cents per share for the period ended June 30,…

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Novatel – Modem – Wireless – Novatel Wireless – Wi-Fi

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Novatel’s 2Q results top estimates, outlook strong