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U.S. News Headlines - Yahoo! News

Islamic State issues video of beheading of U.S. hostage

A video purportedly shows U.S. journalist Steven Sotloff kneeling next to a masked Islamic State fighter holding a knife in an unknown location in this still image from video released by Islamic StateBy William Maclean DUBAI (Reuters) - The Islamic State militant group released a video on Tuesday purporting to show the beheading of a second American hostage, journalist Steven Sotloff, raising the stakes in its confrontation with Washington over U.S. A masked figure in the video seen by Reuters also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State".



Three killed, two injured in Kansas City shooting

By Carey Gillam KANSAS CITY Mo. (Reuters) - Three people were killed and two more critically injured in a shooting spree in a south Kansas City neighborhood on Tuesday afternoon, police said. Law enforcement officials were called to the residential area known as Woodbridge, near an upscale country club, shortly before 1 p.m. CDT. They found five victims with gunshot wounds, three of whom died at the scene, according to a statement by the Kansas City, Missouri, police department.


Key hearing on Detroit's historic bankruptcy begins in U.S. court

A City of Detroit Water and Sewerage man-hole cover is seen along Jefferson Avenue in the Delray neighborhood of DetroitBy Karen Pierog DETROIT (Reuters) - Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday. As Detroit's state-appointed emergency manager Kevyn Orr looked on in the courtroom, Bruce Bennett, an attorney for the city, sought to convince Judge Steven Rhodes that Detroit's 1,034-page plan to adjust $18 billion of debt would save the city. "There is no doubt, your honor, that progress has been made, but Detroit is still a city in distress," said Bennett, an attorney with the Jones Day law firm, in his opening statement. The plan is aimed at reducing Detroit's debt by about $7 billion and reinvesting as much as $1.7 billion in the city, according to Bennett.



Today in History

Today is Wednesday, September 3, the 246th day of 2014. There are 119 days left in the year.


Asian stock markets rise as dollar gains

FILE - In this Sept. 30, 2008 file photo, a Wall St. sign hangs in front of the New York Stock Exchange. U.S. stocks wavered in morning trading Tuesday, Sept. 2, 2014, as investors looked ahead to major economic reports out this week. (AP Photo/Mark Lennihan, File)SEOUL, South Korea (AP) ? Asian stock markets rose Wednesday, lifted by new signs of strength in the U.S. economy and expectations that Europe's central bank will provide more support to the flagging region.



$140,000 of gold stolen from SUV in West Philadelphia

$140,000 of gold stolen from SUV in West PhiladelphiaInvestigators say someone stole more than $100,000 of gold in West Philadelphia.



1 critical after crash, fire on 1-95 SB in Newport

1 critical after crash, fire on 1-95 SB in NewportPolice say speed was a factor in a crash that injured two people on Interstate 95 southbound in Newport, Delaware on Tuesday evening.



9-year-old suffers head wound in Tacony shooting

9-year-old suffers head wound in Tacony shootingPhiladelphia police say a 9-year-old boy was injured in a shooting in the city's Tacony section.



'Java Juggs' coffee-stand brothel operator pleads guilty

Carmela Panico, 52, must forfeit some $250,000 that police seized from her home last year and surrender her five coffee businesses in the Seattle area, the Herald of Everett newspaper reported, citing the Snohomish County Prosecuting Attorney's Office. "The business was popular," an affidavit filed late last month in Washington state Superior Court in Snohomish County said. "Citizen complaints and police contacts alerted several law enforcement agencies that Panico and her employees would expose their breasts and genitals, engage in lewd conduct, and have sexual contact with some of their customers," it said. Panico owned and operated coffee sheds, with names like "Java Juggs" and "Twin Peaks" in Seattle area cities of Everett, Edmonds, Lynnwood, and Kent and sought to hide her money through financial transactions from April 2011 to June 2013, the court documents said.


Halliburton reaches $1B Gulf oil spill settlement

NEW ORLEANS (AP) ? Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation ? if all the pieces fall into place.