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WASHINGTON (AP) -- The U.S. government is accusing the debt rating agency Standard & Poor's of fraud for giving high ratings to risky mortgage bonds that helped bring about the financial crisis. The government said in a civil complaint filed late Monday that S&P misled investors by stating that its ratings were objective and "uninfluenced by any conflicts of interest." It said S&P's desire to make money and gain market share caused S&P to ignore the risks posed by the investments between September 2004 and October 2007.
NEW YORK (AP) -- Shares of Dell climbed in premarket trading Tuesday on reports the personal computer maker is nearing a deal to go private worth between $23 billion and $24 billion. The transaction is said to involve a group including Microsoft Corp., private equity firm Silver Lake and CEO and company founder Michael Dell.
MEDIAPOLIS, Iowa (AP) — You could say the girls on the Mediapolis High School basketball team are like sisters to each other. And there’s a good chance you’d be right. The Bullettes feature four sets of sisters on a team that is 20-1 and ranked seventh in Iowa for its class. That doesn’t even count Aubrey Siegle and her sibling, Chloe, the team manager. The girls recently won their conference and could become the first Mediapolis squad since 1987 to earn a berth in the eight-team state tournament finals.
GLENDALE, Ariz. (AP) — Mike Smith stopped 21 shots, Lauri Korpikoski and Martin Hanzal both scored, and the Phoenix Coyotes extended their point streak to five games with a 2-1 win over the Minnesota Wild on Monday night. Korpikoski scored his fourth goal — all against Finnish goaltenders — in the first period, and Hanzal got his third in three games in the second. Smith was sharp for the second straight start, giving up a goal on a turnover in the second period and fighting off a power play by the Wild in the closing minutes.
MINNEAPOLIS (AP) — LaMarcus Aldridge had 25 points and 13 rebounds to help the Portland Trail Blazers avoid a late collapse and hang on to beat the Minnesota Timberwolves 100-98 on Monday night. Wes Matthews scored 22 points and Damon Lillard added 21 points for the Blazers, but they each had five of the team’s season-high 28 turnovers. The Blazers never trailed in the game, but the Wolves had a chance to tie or win in the end. Ricky Rubio swung the ball to Dante Cunningham, whose 19-footer fell short.
NEW ORLEANS (AP) — So, Ray Lewis, now that you’ve won a Super Bowl, what’s next? No, he’s not going to that amusement park. The Baltimore Ravens linebacker is heading into retirement — and he can’t wait. “Now I get to see a different side of life,” Lewis said Sunday night after helping the Ravens beat the San Francisco 49ers 34-31. “My family, and my sons, my kids, they’ve sacrificed for me. Now I have the opportunity to sacrifice for them.”
MIDLAND CITY, Ala. (AP) — Officers stormed an underground bunker in Alabama where a 5-year-old boy had been held hostage for nearly a week, rescuing the child and leaving the boy's abductor dead, officials said Monday. Steve Richardson with the FBI's office in Mobile said at a news conference Monday afternoon that negotiations had deteriorated with 65-year-old Jimmy Lee Dykes. Dykes, who a week earlier had abducted the child from a school bus after fatally shooting the driver, had been seen with a gun, and officers believed the boy was in imminent danger, Richardson said.
MIDLAND CITY, Ala. (AP) -- A law enforcement official says a 5-year-old has been safely released after a weeklong standoff between police and the boy's abductor. The law enforcement official briefed on the situation said today that Jim Dykes, the man who abducted the boy from a school bus after fatally shooting the bus driver, is dead. The official spoke on condition of anonymity because the person was not authorized to discuss the situation. It was not immediately clear how Dykes died.
MIDLAND CITY, Ala. (AP) -- Authorities say they will be making a major announcement in the case of a 5-year-old being held hostage in an underground bunker in Alabama. The news conference will be held this afternoon in Midland City. Police say 65-year-old Jim Dykes has been holding the boy hostage for days.
NEW YORK (AP) — Super Bowl ads this year morphed into mini soap operas. Dwayne “The Rock” Johnson shrugged off aliens so he could get more milk for his kids in a Super Bowl spot for the Milk Processor Education Program. Anheuser-Busch’s commercial told the story of a Clydesdale colt growing up and returning to his owner for a heartfelt hug years later. And a Jeep ad portrayed the trials and triumphs of people waiting for the return of their family members.