Mariah Carey increased security in feud with fellow “Idol” judge

NEW YORK (Reuters) – Pop diva Mariah Carey said she hired increased security following what she described as threats reportedly made against her by fellow ‘American Idol‘ judge Nicki Minaj, according to an interview on ABC News.

Carey, 42, one of three new judges to join the “American Idol” panel for the hit talent show’s new season on January 16, told Barbara Walters in an interview airing on Monday, “it felt like an unsafe work environment.”

“Anytime anybody’s reeling threats at somebody, you know, it’s not appropriate,” Carey said.

“I’m a professional. I’m not used to that type of environment,” she said, adding that she hired extra security.

The diva was alluding to widely reported tension between her and Minaj, who were seen arguing with one another in a video from the show’s audition phase.

Walters has reported that, according to Carey, others on the “Idol” set heard Minaj go further and say, off-camera, “If I had a gun, I would shoot that bitch.”

Minaj, a Trinidadian-born singer and songwriter, previously denied making any remarks about firearms, but Carey told Walters that beefing up her security “was the appropriate thing to do.”

“Sitting there on the road with two babies, I’m not going to take any chances,” she said, referring to her 20-month old twins with husband Nick Cannon.

But in a sign of media savvy, she noted that “for all the drama, I hope it helps the show.”

Walters also asked Carey about reports she is being paid $ 18 million for each “Idol” season.

“I think we’re in the ballpark, (but) I can’t even talk about those things,” the singer replied.

(Reporting by Chris Michaud; Editing by Piya Sinha-Roy and Paul Simao)

Music News Headlines – Yahoo! News

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Report: Death rates from cancer still inching down

WASHINGTON (AP) — Death rates from cancer are continuing to inch down, researchers reported Monday.

Now the question is how to hold onto those gains, and do even better, even as the population gets older and fatter, both risks for developing cancer.

"There has been clear progress," said Dr. Otis Brawley of the American Cancer Society, which compiled the annual cancer report with government and cancer advocacy groups.

But bad diets, lack of physical activity and obesity together wield "incredible forces against this decline in mortality," Brawley said. He warned that over the next decade, that trio could surpass tobacco as the leading cause of cancer in the U.S.

Overall, deaths from cancer began slowly dropping in the 1990s, and Monday's report shows the trend holding. Among men, cancer death rates dropped by 1.8 percent a year between 2000 and 2009, and by 1.4 percent a year among women. The drops are thanks mostly to gains against some of the leading types — lung, colorectal, breast and prostate cancers — because of treatment advances and better screening.

The news isn't all good. Deaths still are rising for certain cancer types including liver, pancreatic and, among men, melanoma, the most serious kind of skin cancer.

Preventing cancer is better than treating it, but when it comes to new cases of cancer, the picture is more complicated.

Cancer incidence is dropping slightly among men, by just over half a percent a year, said the report published by the Journal of the National Cancer Institute. Prostate, lung and colorectal cancers all saw declines.

But for women, earlier drops have leveled off, the report found. That may be due in part to breast cancer. There were decreases in new breast cancer cases about a decade ago, as many women quit using hormone therapy after menopause. Since then, overall breast cancer incidence has plateaued, and rates have increased among black women.

Another problem area: Oral and anal cancers caused by HPV, the sexually transmitted human papillomavirus, are on the rise among both genders. HPV is better known for causing cervical cancer, and a protective vaccine is available. Government figures show just 32 percent of teen girls have received all three doses, fewer than in Canada, Britain and Australia. The vaccine was recommended for U.S. boys about a year ago.

Among children, overall cancer death rates are dropping by 1.8 percent a year, but incidence is continuing to increase by just over half a percent a year. Brawley said it's not clear why.

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'Downton,' 'Girls,' 'Idol' and more this January

NEW YORK (AP) — Where once the post-holiday schedule was a blizzard of chilly reruns, January is aburst with premieres and finales.

Already, the much-adored British miniseries "Downton Abbey" has made its much-awaited season return Sundays on PBS.

On IFC on Fridays, the hilarious "Portlandia" is back for its third season of sketch comedy poking fun at the peculiarities of Portland, Ore., starring Fred Armisen and Carrie Brownstein.

And NBC's mystery melodrama "Deception" has arrived on Mondays. Meagan Good stars as a detective going undercover at the home of a rich family with whom she was once friendly, to investigate a murder within the clan.

On Tuesday, PBS' "American Experience" begins a three-week documentary miniseries, "The Abolitionists," spotlighting Frederick Douglass, William Lloyd Garrison, Harriet Beecher Stowe, John Brown and Angelina Grimke.

Also on Tuesday, the FX drama "Justified" is returning for its fourth season of Kentucky hill-country crime-fighting led by Deputy U.S. Marshal Raylan Givens (series star Timothy Olyphant).

On Thursday, comedic action centers at the White House with the premiere of NBC's "1600 Penn." Josh Gad ("The Book of Mormon") stars as the goofball son of the incumbent U.S. president (played by Bill Pullman) who keeps the first family in a stir, yet manages to make everything turn out all right by the final fade-out.

The Gallaghers of "Shameless" are a much different family. In this dark comedy, William H. Macy stars as the boozy single father of a brood of kids who manage their ragtag Chicago homestead in spite of Dad's overindulgences. Also starring Emmy Rossum, it returns Jan. 13 for its third season on Showtime.

Also on Jan. 13, HBO's comedy "Girls" returns for a second season sure to be at least as ballyhooed, discussed and argued about as the first. Lena Dunham (who also writes, produces, directs and created the series) stars as one of a quartet of twentysomething gal pals in New York.

Right after "Girls," HBO launches the second season of "Enlightened," an affecting comedy starring Laura Dern as a confused New Age-y activist who's bent on changing the world.

What was Carrie Bradshaw like before Sarah Jessica Parker and "Sex and the City"? Find out on "The Carrie Diaries," which debuts on the CW on Jan. 14. AnnaSophia Robb stars as the high-school era Carrie in this likable prequel.

"American Idol" returns on Jan. 16 on Fox. Veteran judge Randy Jackson will be joined by Mariah Carey, Nicki Minaj and Keith Urban. Ryan Seacrest, as always, is the affable host.

After five seasons, Fox's lovably inscrutable sci-fi series "Fringe" concludes its head-scratching run on Jan. 18. Stars include Anna Torv, Joshua Jackson and John Noble.

Fox's bloody suspense drama "The Following" premieres Jan. 21. Kevin Bacon stars as a former FBI agent drafted back into service to chase a serial murderer and his vicious disciples.

My, how Spartacus' army has grown! Commanding thousands of freed slaves, Spartacus is primed to bring down the entire Roman Republic as the final season begins for "Spartacus: War of the Damned," Jan. 25 on Starz. Liam McIntyre plays the rebel leader.

The world of "Dallas" will be rocked during its second season with the death of arch-villain oilman J.R. Ewing (played, of course, by Larry Hagman, who passed away in November while the series was in production). Also starring Patrick Duffy and Linda Gray, this rebooted (so to speak) version of the long-running CBS prime-time soap returns on TNT on Jan. 28.

FX weighs in with an edgy new drama "The Americans" on Jan. 30. It stars Matthew Rhys and Keri Russell as two KGB agents posing as the heads of a normal American household in the 1980s, as they work tirelessly to bring down the U.S. on behalf of Mother Russia.

On Jan. 31, NBC unveils a new medical drama "Do No Harm." Steve Pasquale ("Rescue Me") stars as a neurosurgeon with a great bedside manner who inconveniently shares a body with his sociopathic alter ego.

The same night, NBC closes the book on the brilliant mockery of "30 Rock." This Tina Fey comedy wraps seven seasons of making fun of pop culture, modern life and especially its own real-life broadcast network — which, like the rest of the TV universe, has even more midseason goodies in store come February.

___

EDITOR'S NOTE — Frazier Moore is a national television columnist for The Associated Press. He can be reached at fmoore(at)ap.org and at http://www.twitter.com/tvfrazier

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Sears CEO D'Ambrosio to step down

Sears Holdings Corp. said Monday night that Chief Executive Officer Louis D'Ambrosio will step down Feb. 2, due to family health matters, and Chairman Edward Lampert will add the role of CEO.

The surprise move fuels uncertainty at the Hoffman Estates-based company, which has struggled for years to re-establish itself as a department store in an ultracompetitive retailing industry dominated by low-price giant Wal-Mart and big box and specialty stores.

Shares of Sears Holdings were up 2.3 percent in premarket trading on the news.

The decision by Lampert, a hedge fund operator who is the company's biggest shareholder, to take over day-to-day control represents a reversal from his naming of D'Ambrosio as chief executive nearly two years ago after operating with an interim CEO.

"In light of Lou's decision to step down, the board feels it is important that there is continuity of leadership during this important period of transformation and improvement at Sears Holdings," Lampert said in a statement. "I have agreed to assume these additional responsibilities in order to continue the company's recovery and sustain the momentum we are experiencing, as well as further the development of the management team under the distributed leadership model, which provides our business unit leaders with greater control, authority and autonomy."

Sears Holdings, which operates Sears and Kmart, also updated its fourth-quarter earnings outlook Monday night. The company said it expects to report a net loss $280 million to $360 million, or $2.64 to $3.40 per diluted share, for the quarter ending Feb. 2. The loss includes a charge of about $450 million because of pension settlements and an additional $42 million in pension expenses.

Excluding pension expenses, Sears said it expects to earn $132 million to $212 million, or $1.25 to $2 per share.

Analysts polled by Bloomberg had been expecting adjusted net income of about $137 million.

For the fiscal year, Sears said it expects to lose $721 million to $801 million, or $6.80 to $7.56 per diluted share, which includes pension-related costs and other adjustments reported late last year. Excluding those items, the company said it expects to lose $123 million to $203 million, or $1.16 to $1.92 per share.

D'Ambrosio became CEO after working for the company as a consultant. The 16-year veteran of IBM Corp. had been CEO of a telecommunications company before joining Sears.

"I have worked very closely with Eddie over the past two years. I can say this: there is simply no one in the world that cares more about Sears Holdings and has thought more deeply about our company than Eddie," D'Ambrosio wrote to employees.

Lampert gained control of Sears in 2005 after engineering the merger between Kmart and Sears Roebuck & Co. For years, speculation about Lampert's intentions for the company focused on the value of its real estate, but under D'Ambrosio, Sears appeared to pay more attention to retail aspirations.

The company reported improved performance — it beat Wall Street expectations — in the previous quarter, but Sears stock has lost more than 35 percent of its value since November, closing Monday at $42.92, up 1.7 percent.

 Crshropshire@tribune.com | Twitter: @corilyns 

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House drops assault weapon ban plan, may tackle pension reform

The clock is ticking for Illinois lawmakers to come to an agreement on the pension crisis. CBS 2's Courtney Gousman reports.

SPRINGFIELD — With time running short in the lame-duck session, state lawmakers on Sunday dropped hot-button issues dealing with guns and marijuana but kept alive hopes of reforming pensions and giving driver's licenses to illegal immigrants.

The slimmed-down agenda unfolded rapidly as the House, returning to the Capitol for the first time in a month, pulled an assault weapons ban from consideration and the sponsor of legislation to allow Illinoisans to use marijuana for medical purposes said the chances of quick passage is unlikely.

The spotlight on whether Democratic Gov. Pat Quinn and legislators can come together on financial changes to the state's $96.8 billion government worker pension debt intensified Sunday. House Republican leader Tom Cross of Oswego signed onto a plan offered by two House Democrats and urged GOP members to support it.

Still, Cross acknowledged that Senate President John Cullerton believes a different measure is the only one that meets a state constitutional prohibition against impairing or diminishing public pensions. Cullerton's version, previously passed by the Senate, offers state employees a trade of access to state health care in return for a reduction in retirement benefits.

"Nobody has any idea what the court's going to do," Cross said. "We all have lawyers. There are a lot of lawyers in Chicago. People have opined on what works and doesn't work. The reality is, nobody knows."

Quinn spokeswoman Brooke Anderson said the administration, which wants the package passed before a new Legislature is seated Wednesday, is "encouraged with the momentum."

The pension proposal's fate is uncertain should it pass the House. The Senate went home Thursday but Cullerton left open the possibility of coming back. Cullerton spokeswoman Rikeesha Phelon said senators would return to Springfield Tuesday "to review and hear" a significant pension reform bill if one is passed by the House.

"I can't make any predictions beyond that," she said.

When the governor and legislative leaders met Saturday, Cullerton said at various points he would lobby against the House plan, Cross said. But Cross also said Cullerton indicated that he would allow for a Senate vote if the pension measure passed the House.

Still, if Cullerton balks at the House pension plan, Springfield could devolve into an all-too-familiar political game: The House passes one version of legislation, the Senate passes another, lawmakers pat themselves on the back and then blame the other chamber for failing to achieve needed reform.

Among the key features of the House plan is a freeze on cost-of-living increases for all workers and retirees for as long as six years, although the length of time was still under discussion Sunday night. Once the cost-of-living bumps resume, they would apply only to the first $25,000 of pensions. The inflation adjustments also would not be awarded until a person hits 67, a major departure among public employees who have been allowed to retire much earlier in some cases and begin reaping the benefits of the annual increases immediately.

Under the proposal, employee contributions to pensions would increase 1 percentage point the first year and 1 percentage point the second year. A lid would be put on the size of the pensionable salary based on a Social Security wage base or their current salary, whichever is higher.

The goal is to put in place a 30-year plan that would fully fund the Illinois pension systems, which are considered the worst-funded in the nation.

Meanwhile, a proposal to allow undocumented immigrants to qualify for Illinois driver's licenses could get its first House test today. Sponsoring Rep. Eddie Acevedo, D-Chicago, said he would call the Senate-passed bill on the House floor if it advances from committee.

Also Sunday, a House panel defeated a bill to require companies to file public disclosure forms when they pay no state income taxes.

rlong@tribune.com

rap30@aol.com

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Hitting a high Note: 'phablets', chips to drive Samsung fourth quarter profit

SEOUL (Reuters) - Samsung Electronics, the world leader in mobiles and memory chips, likely earned a quarterly profit of $8.1 billion, as it sold close to 500 handsets every minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc products.

That run of five straight record quarters may end in January-March on weak seasonal demand, though a strong pipeline of smartphones - the South Korean group's biggest earner - and improving chip prices have eased concerns that earnings growth could slow this year, powering Samsung shares to record levels.

"Guidance is unlikely to disappoint given new product launches and a further upturn in cyclical parts of the business," said Morgan Stanley analyst Shawn Kim. "Smartphone momentum has not decelerated, despite Apple's new iPhone, and the business continues to be driven by its flagship products.

"This time, it's the Galaxy Note II ... with the upside in unit shipments mainly from the U.S. We expect strong momentum to continue in the first quarter."

While Apple rolled out just a single new smartphone, the iPhone 5, last year globally, Samsung bombarded the market with 37 variants tweaked for regional and consumer tastes, from high-end smartphones to cheaper low-end models. By comparison, Taiwan's HTC Corp released 18 models, Nokia 9 and LG Electronics 24.

Samsung, valued at close to $230 billion, gives its October-December earnings guidance on Tuesday before the market opens. The full earnings release is expected by January 25.

A HIGH NOTE

Shipments of Samsung's flagship Galaxy S III, which overtook the iPhone 4S in the third quarter to become the world's best-selling smartphone, are likely to have slipped to around 15 million in the last quarter from 18 million in July-September. But estimated sales of around 8 million Galaxy Note II phone-cum-tablets, or 'phablets', should more than make up for that - pushing overall smartphone shipments to around 63 million, analysts estimate.

There has been increased speculation that Samsung will launch the next version of its Galaxy S in the first quarter, possibly with an unbreakable screen and full high-definition quality resolution boasting 440 pixels per inch, as well as a better camera and a more powerful processor.

"Samsung's smartphone shipments are likely to grow even in a seasonally weak first quarter. The early launch of the Galaxy S IV would drive second-quarter growth momentum," said BNP Paribas Securities analyst Peter Yu, who predicts Samsung's 2013 operating profit will grow 25 percent to almost $35 billion.

Samsung is forecast to raise its smartphone sales by 35 percent and widen its lead over Apple this year, driven by its diversified product line-up, said Neil Mawston, Executive Director at market researcher Strategy Analytics, which forecasts Samsung will sell 290 million smartphones this year, up from a projected 215 million in 2012.

Apple's smartphone sales are projected to reach 180 million this year, up by a third from last year's 135 million.

STRONG NUMBERS

Samsung is likely to say on Tuesday that its October-December operating profit increased 65 percent to 8.7 trillion won from a year ago, a Reuters survey of 16 analysts showed. That would be 7 percent higher than its previous record of 8.1 trillion won in July-September.

Profits from the mobile division are seen slightly higher, at around 5.8 trillion won, than the previous quarter's 5.63 trillion won - and more than double last year's level. A recovery in chip prices and flat screens may have also boosted its component earnings, propelled by booming sales of mobiles carrying Samsung's chips, micro-processors and flat screens.

Reflecting the upbeat outlook, shares in Samsung, Asia's most valuable technology stock, last week hit a life high of 1.584 million won ($1,500). The stock gained 44 percent in 2012, easily outpacing a 9 percent rise on the broader Korean market and topping Apple's 31 percent increase.

The shares eased a third of one percent on Monday.

Samsung, LG Electronics and four Taiwan companies were last week fined millions of dollars for allegedly manipulating liquid crystal display panel prices in China in 2001-06, the state-run news agency Xinhua reported.

(Editing by Ian Geoghegan)

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Here come the big boys

Here come the big boys.

The NFL's wild-card weekend is over, with nary an upset. Moving on are division winners Green Bay, Houston and Baltimore, along with NFC West runner-up Seattle and the only rookie quarterback still standing: Russell Wilson.

Ahead are some daunting challenges as the Ravens visit Denver, the Texans go to New England, the Packers head to San Francisco and the Seahawks journey to Atlanta.

Only the Seahawks-Falcons isn't a rematch.

Seattle isn't intimidated one bit about facing the NFC's top seed.

"Despite the fact that we have a 'nobody' team," Seattle cornerback Richard Sherman said after Sunday's convincing 24-14 comeback win at Washington, "a team not full of first-rounders and things like that, we have a lot of guys that play at a high level."

Of course, so do the Falcons (13-3), Broncos (13-3), Patriots (12-4) and 49ers (11-4-1).

"They have a great coach and a great quarterback and they have great role players on their team," Texans running back Arian Foster said of the Patriots, who routed Houston 42-14 last month. "I have a lot of respect for them, but we can play ball, too."

The Texans beat Cincinnati 19-13 on Saturday, then Green Bay took out Minnesota 24-10. In Sunday's other game, Baltimore eliminated Indianapolis 24-9.

The playoffs continue next Saturday with Baltimore (11-6) at Denver, followed by Green Bay (12-5) at San Francisco. The Broncos beat the Ravens 34-17 three weeks ago, while the 49ers knocked off the Packers 30-22 in the season opener.

On Sunday, it's Seattle (12-5) at Atlanta, followed by Houston (13-4) visiting New England.

___

Ravens at Broncos

Not only is Baltimore thrilled to keep playing and keep star linebacker Ray Lewis' career going, but the Ravens got the opponent they sought for the divisional round.

"I wanted Denver," said Anquan Boldin, who set a franchise record with 145 yards receiving, including the clinching touchdown against Indianapolis (11-6). "Because they beat us. We'll make it different."

Lewis made 13 tackles in his first game back in nearly three months. He ended his last home game in Baltimore before his impending retirement by lining up at fullback for the final kneel-down. Then Lewis went into a short version of his trademark dance before being mobbed by teammates. He followed with a victory lap, his right triceps, covered by a brace, held high in salute to the fans.

Joe Flacco became the first quarterback to win a postseason game in each of his first five seasons and John Harbaugh is the first coach to do so.

"I love our team," Lewis said, "and I'm really looking forward to going out there and playing them next week."

The loss ended the Colts' turnaround season in which they went from 2-14 to the playoffs in coach Chuck Pagano's first year in Indianapolis. Pagano missed 12 weeks while undergoing treatment for leukemia and returned last week.

Andrew Luck completed 28 of 54 passes, the most attempts by a rookie in a playoff game, for 288 yards.

Packers at 49ers

It's been a long time since these teams met on kickoff weekend, and much has changed.

Green Bay has become a bit more balanced on offense and somewhat stingier on defense than it was back in September. San Francisco has second-year quarterback Colin Kaepernick instead of Alex Smith, and receiver Michael Crabtree finally has developed into a threat.

The Packers held league rushing king Adrian Peterson to 99 yards in beating the Vikings (10-7), 100 yards less than he got on them the previous week.

"I don't think we had our identity at that point," QB Aaron Rodgers said of the Packers team San Francisco beat. "We were trying a lot of different things."

Seahawks at Falcons

Atlanta has flopped in its last three playoff games, including losing at home to Green Bay two years ago in a similar scenario.

Seattle won't bring as high-powered an offense as the Packers did to Atlanta, but it's versatile enough with the creative Wilson, bulldozing halfback Marshawn Lynch and a deep group of receivers.

The most significant challenge for the Falcons, though, will be a defense that completely shut down the Redskins and a hobbling Robert Griffin III for the final three quarters of their wild-card game.

Washington (10-7) had 129 yards in the first quarter and 74 for the rest of the game.

"Seventy yards in 3½ quarters is ridiculously good defense," coach Pete Carroll said after his Seahawks won their sixth straight and snapped Washington's seven-game winning streak.

Texans at Patriots

Both teams say the Monday night romp by New England on Dec. 10 is not an indicator of what's ahead. For their sake, the Texans better hope that is true.

"We didn't play our best football up there and we hurt ourselves with penalties and mistakes," said Foster, who rushed for 140 yards and a TD against the Bengals (10-7). "Anytime you give (the Patriots) opportunities, they'll take advantage of them. But we'll play our best up there."

They have no choice, and Patriots coach Bill Belichick fully expects a tighter game.

"When you play a team twice during the season, the games are totally different. They never go the same way," Belichick said. "We'll be able to certainly look at some of the matchups individually, guys that faced each (other) in the game. As far as plays and calls and things like that matching up, I'm sure they'll have some new wrinkles. I'm sure we'll have some, too. It will be totally different."

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

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”Texas Chainsaw” movie kills rivals at North America box office

(Reuters) – The return of the bloody “Texas Chainsaw” franchise sliced up movie box office rivals with a surprise win over the weekend, grabbing an estimated $ 23 million in U.S. and Canadian ticket sales.

The new “Texas Chainsaw 3D” pulled past Quentin Tarantino Western “Django Unchained,” the second place film from Friday through Sunday with $ 20 million. No. 3 movie “The Hobbit: An Unexpected Journey” grabbed $ 17.5 million.

Going into the weekend, box office forecasters did not think the revival of the 40-year-old “Texas Chainsaw” franchise had enough buzz to top the holiday releases that are adding to their tallies during the month of January, a typically slow time for moviegoing.

Marketing efforts for “Texas Chainsaw” paid off for distributor Lions Gate Entertainment, the studio behind the horror franchise.

Lions Gate ran a social media campaign aimed at its core horror fan base – mostly young men and women – and ran promotions during AMC Networks’ TV zombie hit “The Walking Dead.” The studio aimed for a broader audience with promotions during college football bowl games and other sports programs after Christmas.

“The numbers were a little bit more than expected,” said Richie Fay, the president of domestic distribution for Lions Gate Entertainment.

“It is great to be No. 1. I think we held our own,” he added.

Lions Gate spent about $ 20 million to promote the movie, which was produced by Millennium Films.

The movie revives a franchise that started four decades ago with the 1974 film about a serial killer named Leatherface. Since then, the seven “Texas Chainsaw” movies have pulled in $ 175 million at North American (U.S. and Canadian) theaters, according to website Box Office Mojo. The films have generated $ 416 million domestically.

The new movie follows a woman who inherits a family home in the town of Newt, Texas, showing all of the blood and gore in 3D. The story picked up where the original left off and included cameos from original cast members.

“Texas Chainsaw” was the only new nationwide release in North America (United States and Canada) over the weekend. “The Hobbit,” the first of three movies based on the fantasy novel by J.R.R. Tolkien, brought its total domestic sales to $ 263.8 million since its December 14 debut. “Django Unchained,” released on Christmas Day, reached $ 106.3 million.

In fourth place for the weekend, musical “Les Miserables” earned $ 16.1 million, bringing its domestic sales to $ 103.6 million since its Christmas Day release. The No. 5 slot belonged to family comedy “Parental Guidance,” which grossed $ 10.1 million.

“The Hobbit” was distributed by Time Warner Inc’s Warner Bros. studio. The Weinstein Co. released “Django Unchained.” Universal Studios, a unit of Comcast Corp distributed “Les Miserables.” “Parental Guidance” was released by 20th Century Fox, a unit of News Corp.

(Reporting By Lisa Richwine; Editing by Cynthia Osterman)

Movies News Headlines – Yahoo! News

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Lohan lawyer in NYC courthouse in nightclub case

NEW YORK (AP) — Lindsay Lohan's attorney has gone to a New York City courthouse in connection with the actress's alleged fight at a Manhattan nightclub.

Lohan was arrested on a charge of misdemeanor assault in the Nov. 29 incident at the club Avenue.

Office of Court Administration spokesman David Bookstaver said Monday that a criminal complaint has not been drawn up at this time. He says paperwork will be signed but no hearing will be held.

The "Mean Girls" and "Liz and Dick" star allegedly struck a woman in the face during an argument.

At the time of her arrest, her attorney, Mark Heller, said Lohan was "a victim of someone trying to capture their 15 minutes of fame."

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BofA to pay $3.6B to Fannie Mae

Tourists walk past a Bank of America banking center in Times Square in New York. (Brendan McDermid/Reuters / September 20, 2012)

Reuters

7:12 a.m. CST, January 7, 2013

Bank of America Corp. said it will pay $3.6 billion to Fannie Mae to settle claims related to residential mortgage loans for the nine years to the end of 2008.

The bank also entered into agreements with Nationstar Mortgage Holdings LLC and Walter Investment Management Corp. to sell about $306 billion of residential mortgage servicing rights.

The rights allow banks to earn fees from mortgage investors in exchange for collecting home loan payments from borrowers.

As part of the settlement with Fannie Mae, the bank will repurchase $6.75 billion of residential mortgage loans sold to the government agency.

BofA said the settlement will reduce its fourth-quarter pretax income by about $2.7 billion.

Reuters reported on Friday that the bank was in talks to sell collection rights on $300 billion of mortgages to lessen its exposure to huge losses from its acquisition of Countrywide Financial Corp in 2008.

"Together, these agreements are a significant step in resolving our remaining legacy mortgage issues, further streamlining and simplifying the company and reducing expenses over time," Chief Executive Brian Moynihan said in a statement.
 

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