LA Times News

LA Times News

Israel ex-Premier Ehud Olmert cleared of most corruption charges

Posted: 10 Jul 2012 04:51 PM PDT

Former Israeli Prime Minister Ehud Olmert is found guilty of breach of trust in a case that drove him from office in 2009. He still faces a bribery trial.

JERUSALEM — An Israeli court on Tuesday cleared former Prime Minister Ehud Olmert of the most serious corruption charges against him, including fraud, concealing cash gifts and double billing, but convicted him on a lesser count of breach of trust.

China's growth is slowing, raising risks for world economy

Posted: 10 Jul 2012 05:00 AM PDT

Second-quarter GDP data are expected to show China's economy grew 7.5% from a year earlier, the slowest pace since the depths of the global financial crisis.

BEIJING —China's economy appears to be weakening more rapidly than official statistics would suggest, raising fears of a painful slowdown that could be felt around the globe.

Spanish banks secure $36-billion bailout

Posted: 09 Jul 2012 08:01 PM PDT

Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spain's troubled banks, saying that  30 billion euros ($36.88 billion) can be ready by end of this month.

BRUSSELS — Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spain's troubled banks, saying that  30 billion euros ($36.88 billion) can be ready by end of this month.

Four sought in border agent's shooting

Posted: 09 Jul 2012 09:10 PM PDT

Federal officials name more defendants in the 2010 killing of Border Patrol Agent Brian Terry, a slaying linked to the failed Fast and Furious gun-tracking operation.

Federal officials in Arizona announced that they were seeking four more defendants in the fatal shooting of U.S. Border Patrol Agent Brian Terry and that the FBI was offering a $1-million reward to track down the fugitives, believed to be in Mexico.