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Wednesday, May 22, 2013 | 4:15 p.m.

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Clearwire board approves higher Sprint offer

Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it. Sprint upped its bid by 14 percent to $2.5 billion Tuesday for the wireless data network operator. Some shareholders have opposed the deal, including Crest Financial, which ...

Oil stays near $96 before crude stocks report, Fed

The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for July delivery was down 3 cents to $96.15 a ...

W. Craig Fugate with the Federal Emergency Management Agency  speaks during a noon news conference on the devastating tornado at City Hall in Moore, Okla, Tuesday, May 21, 2013. A huge tornado roared through the Oklahoma City suburb Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds.(AP Photo/Tulsa World, Michael Wyke)  ONLINE OUT; TV OUT; TULSA OUT

FEMA Chief: Feds won't go 'when the cameras leave'

The head of the Federal Emergency Management Agency says U.S. officials are "going neighborhood to neighborhood" to make sure Oklahoma gets the help it needs. FEMA's Craig Fugate promises in an interview that officials won't desert Oklahoma, saying "We don't leave here when the cameras leave. We stay here and ...

In this Tuesday, April 2, 2013, photo, Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich. The National Association of Realtors reports on sales of previously occupied homes in April on Wednesday, May 22, 2013. (AP Photo/Paul Sancya)

Futures rise; all eyes on the Fed

U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone. Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.80. Nasdaq futures are up 4.25 points ...

This aerial view shows an entire neighborhood destroyed by Monday's tornado, Tuesday, May 21, 2013, in Moore, Okla. A huge tornado roared through the Oklahoma City suburb Monday, flattening  entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds. (AP Photo/Tony Gutierrez)

Parents face tough choice when tornadoes bear down

With an ominous storm approaching, the Moore Public School District flashed a text alert to parents: "We are currently holding all students until the current storm danger is over. Students are being released to parents only at this time." Parents had a gut-wrenching choice, and only a few minutes to ...

Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations Chairman Sen. Carl Levin, D-Mich., left, and the subcommittee's ranking Republican  Sen. John McCain, R-Ariz., arrive on Capitol Hill in Washington, Tuesday, May 21, 2013, for the subcommittee's hearing to examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. A string of unrelated events are highlighting divisions among Republicans, just when they’d like to show a united front and take full advantage of President Barack Obama’s latest political problems.  (AP Photo/J. Scott Applewhite)

Republican divisions may hinder party's momentum

A string of unrelated events is highlighting divisions among Republicans just when they'd like to show a united front and take full advantage of President Barack Obama's latest political problems. Tensions between libertarian-leaning and more mainstream Republicans were on vivid display Tuesday as Sens. Rand Paul and John McCain clashed ...

FILE - In this Tuesday Jan. 31, 2006 file photo, Virginia Gov. Timothy M. Kaine, gestures as he practices the Democratic response to the State of the Union in the Governor's Mansion at the Capitol in Richmond, Va. (AP Photo/Steve Helber, File)

Under scrutiny, Va. gov's mansion a dichotomy

An embezzling case that began with a chef being accused of stealing food from Virginia's Executive Mansion and morphed into a political scandal involving two of the state's most powerful politicians has some people wondering: What goes on behind the wide double doors of the governor's house? The governor's mansion ...

In this image released by the Pima County Sheriff's department, police vehicles are seen in the aftermath of the Tucson shooting rampage that killed six people and wounded former U.S. Rep. Gabrielle Giffords and 12 others in January 2011.  At far left a sign showing Giffords event can be seen. Authorities released more than 300 photos on Tuesday, May 21, 2013, made by investigators during their investigation in the parking lot of the shopping center where the shooting took place.  (AP Photo/Pima County Sheriff)

600 police photos of Tucson rampage scene released

In the chaotic moments after a gunman wounded Rep. Gabrielle Giffords, investigators quickly turned a patrol car into a makeshift whiteboard, using markers to scrawl relevant information about the investigation. By the end of the day, the car was covered with details on the man who carried out the rampage, ...

Susan Powell's dad gets private eye to review file

Police say they've taken their best shot at finding missing Utah mother Susan Powell. Now, her dad is hoping a review of the newly released case file — containing tens of thousands of pages of detective reports, maps, interview transcripts and more — might turn up something the investigators missed. ...

Spurs can't ease up despite 2-0 lead on Grizzlies

If the Western Conference finals seem the slightest bit over after two San Antonio wins, hold that thought for a minute. The Spurs have been here before and don't feel at all comfortable with a 2-0 lead. And if there's any team that's not fazed by such a hole, it's ...

Boston Bruins' Johnny Boychuk, right, and Daniel Paille (20) celebrate a goal by Boychuk during the third period in Game 3 of the Eastern Conference semifinals in the NHL hockey Stanley Cup playoffs Tuesday, May 21, 2013, in New York. Paille later scored the game-winner. The Bruins won 2-1 and lead the best-of-seven games series 3-0. (AP Photo/Frank Franklin II)

Bruins rally, push Rangers to brink of elimination

John Tortorella's message isn't going to change even though his New York Rangers are in an even more desperate situation than before their latest loss to the Boston Bruins. The margin of error went from slim to none in an uncharacteristic home loss that put the Broadway Blueshirts on the ...

Bay Bowl: San Francisco to host 50th Super Bowl

Build a new stadium, host the Super Bowl to show it off. The NFL rewarded the San Francisco Bay Area on Tuesday with hosting rights for the 2016 championship game, slotting the 50th Super Bowl in the 49ers' high-tech Santa Clara stadium scheduled to open next year. The league also ...

Senate Majority Leader Harry Reid of Nev. gestures during a news conference on Capitol Hill in Washington, following the Democratic policy luncheon Tuesday, May 21, 2013. Despite years of hand-wringing in both parties, little progress has been made toward changing congressional rules on filibusters, senatorial “holds” on presidential nominees and other stalling ploys.  (AP Photo/Evan Vucci)

Gov't dysfunction may be baked into the system

The works do seem to be "gummed up" on Capitol Hill. And President Barack Obama isn't the only one to say so. Yet despite years of hand-wringing in both parties, little progress has been made toward changing congressional rules on filibusters, senatorial "holds" on presidential nominees and other stalling ploys. ...

FILE - In this Nov. 15, 1979 file photo, United States Surgeon General Dr. Julius B. Richmond, at the microphones, kicks off the third annual "Smokeout" rally sponsored by the American Cancer Society in Washington, D.C. as a part of the "Great American Smokeout Day." (AP Photo)

Cancer Society hits 100 as US cancer rate falls

The American Cancer Society — one of the nation's best known and influential health advocacy groups — is 100 years old this week. Back in 1913 when it was formed, cancer was a lesser threat for most Americans. The biggest killers then were flu, pneumonia, tuberculosis, and stomach bugs. At ...

File-This file combo shows a Feb. 20, 2013 file photo of Los Angeles mayoral candidate Eric Garcetti speaking to media in Los Angeles, left, and undated image provided by the Wendy Greuel Campaign of mayoral candidate Greuel meeting with voters. Despite the high stakes, the race has been a mostly low-drama affair between two government regulars. In a city known to yawn at local politics, turnout is expected to be sparse, perhaps only one in four voters will go to the polls. (AP Photo,File)

Garcetti holds slim lead as LA picks new mayor

Councilman Eric Garcetti held a slender edge Tuesday in early returns over city Controller Wendy Greuel to become the next Los Angeles mayor, while slow-coming returns suggested it could take a day or more until a winner emerges. The preliminary numbers pegged Garcetti at 52 percent and Greuel at 48 ...

Los Angeles Angels' Josh Hamilton (32) hits a two-run home run against Seattle Mariners starting pitcher Aaron Harang, right, in the first inning during a baseball game Tuesday, May 21, 2013 in Anaheim.    (AP Photo/Alex Gallardo)

Trout hits for cycle, drives in 5, Angels rout M's

Mike Trout even surprised himself in adding to his growing list of impressive big league achievements. Trout hit for the cycle and drove in five runs, Josh Hamilton celebrated his 32nd birthday with a homer and a triple his first two times up, and Howie Kendrick also went deep in ...

FILE - In this April 30, 2013 file photo, automobiles for export and import park at a port in Kawasaki, south of Tokyo. Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs. Exports rose 3.8 percent from the same month a year earlier to 5.78 trillion yen ($56.3 billion), while imports jumped 9.4 percent to 6.66 trillion yen ($64.9 billion), according to preliminary figures reported by the Finance Ministry on Wednesday, May 22, 2013. (AP Photo/Itsuo Inouye, File)

Japan's central bank says economy picking up

Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month. The Bank of Japan ended a policy meeting on Wednesday with no change to its strategy ...

San Antonio Spurs' Tony Parker (9), of France, goes up for a shot against the Memphis Grizzlies defense during the first half in Game 2 of the Western Conference finals NBA basketball playoff series, Tuesday, May 21, 2013, in San Antonio. (AP Photo/Eric Gay)

Spurs blow late lead, beat Grizzlies 93-89 in OT

When Tony Parker started running low on masterful plays, Tim Duncan was there to take over and lead the San Antonio Spurs to a 2-0 lead in the Western Conference finals. Parker had 15 points and a career playoff-high 18 assists, Duncan scored San Antonio's first six points of overtime ...

Oakland Athletics starting pitcher Dan Straily, right,  is hugged by catcher John Jaso, left, in the dugout after the seventh inning against the Texas Rangers during a baseball game, Tuesday, May 21, 2013, in Arlington, Texas. Straily allowed only two hits over seven innings. (AP Photo/Jim Cowsert)

Straily, Cespedes push A's past Rangers 1-0

Oakland rookie right-hander Dan Straily was well aware of the ace pitcher and the powerful lineup he was facing. Now everyone can take notice of Straily, who on television before his latest start saw plenty of highlights touting Yu Darvish being on the mound. Straily allowed only two two singles ...

In this Wednesday, Sept. 12, 2012 photo, Apple CEO Tim Cook speaks during an introduction of the new iPhone 5 in San Francisco. Cook is scheduled to testify on Capitol Hill Tuesday May 21, 2013, to explain the company’s tax strategy, which a Senate subcommittee says lets it avoid paying billions of dollars in taxes. (AP Photo/Eric Risberg, File)

Apple case seen as possible spur to tax action

Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law. At a hearing ...

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