Danny Puff

By Martyn Herman

LONDON (Reuters) - Liverpool striker Luis Suarez was handed a 10-match suspension by the Football Association (FA) on Wednesday following his bite on Chelsea defender Branislav Ivanovic at the weekend.

Suarez accepted a charge of violent conduct after the incident in the 2-2 Premier League draw at Anfield on Sunday but disputed the FA view that it merited more than a three-game ban.

An Independent Regulatory Commission met in London on Wednesday to decide the Uruguayan international's fate and added seven games to the usual ban for violent conduct.

The suspension begins immediately, meaning Liverpool's leading scorer will miss his side's last four games of the season and the first six at the beginning of next term.

Liverpool, who expressed their shock at the Commission's decision, have until Friday (1100 GMT) to appeal.

"Both the club and player are shocked and disappointed at the severity of today's Independent Regulatory Commission decision," Liverpool managing director Ian Ayre said in a statement on the club's website (www.liverpoolfc.com).

"We await the written reasons tomorrow (Thursday) before making any further comment."

Suarez's bite on Ivanovic's arm at Anfield was missed by referee Kevin Friend but television replays showed him sinking his teeth into the Serbian.

WIDELY CONDEMNED

The 26-year-old Suarez, who was banned for biting an opponent while with Dutch club Ajax before joining Liverpool in 2011, apologized after the game and was fined a reported 200,000 pounds ($305,700) by the club.

However, he was widely condemned for his behavior with some reports suggesting he was in danger of being sacked by the club, although Liverpool said this week that they wanted the Uruguayan to see out his four-year contract.

The FA said a three-match ban was "clearly insufficient" for the serious nature of the offence.

There was widespread support for the length of the punishment imposed with former Liverpool player Graeme Souness telling Sky Sports News: "I think 10 games is about right.

"What he did on Sunday is something I've never seen in a game anywhere before."

Former Liverpool midfielder Jamie Redknapp agreed.

"I think you have to accept that the crime that he committed probably warranted a 10-game ban," he said.

"It was an awful act of brutality really what he did and now he won't play for such a long time - it's is going to hit him where it hurts because he wants to play football."

Professional Footballers' Association (PFA) chief executive Gordon Taylor said the length of the sanction sent out a "strong message" but that it was important that the player received counseling to make sure it did not happen again.

Not everyone backed the FA's decision.

"Players who break peoples' legs, who do horrible tackles, get a three-game ban," former Liverpool striker John Aldridge told Sky Sports News.

"It's inconsistent. For me, it's not right, it's over the top."

Controversy has followed Suarez since he joined Liverpool, with his antics often overshadowing his impact on the pitch.

He served an eight-match ban for racially abusing Manchester United's Patrice Evra last season and later angered United manager Alex Ferguson by failing to shake the French defender's hand before their league match in February last year.

He has also been regularly accused of diving to win penalties and free kicks, while in an FA Cup tie this season against minor league Mansfield Town he was again criticized for scoring a goal despite a blatant handball.

Until Manchester United forward Robin Van Persie's hat-trick against Aston Villa on Monday that secured the title, Suarez was leading scorer in the league with 23 goals and he is included on a six-player shortlist for PFA Player of the Year.

($1 = 0.6542 British pounds)

(Reporting by Martyn Herman and Sonia Oxley; Editing by Ed Osmond)

Read More

By Edward Krudy and Pamela Niimi

NEW YORK (Reuters) - As if Suffolk County, home of the Hamptons and playground of the rich and famous on New York's Long Island, didn't have enough financial problems already.

A regulatory filing on behalf of the county dated April 16 shows it accidentally missed an interest payment on some of its debt, including $76.1 million of public improvement bonds, putting the county technically in default. Oops.

The county is wealthy with income per capita well above the national average but it has run into difficulty recently, declaring a fiscal emergency last year after an independent task force predicted a three-year deficit of $530 million.

The county could have a budget shortfall of as much as $250 million by the end of next year, local officials said last month.

The error is more of an embarrassing glitch than anything else. The missed payment - just $722.65 - would be small change for many of the county's residents.

That will buy you fewer than 20 butter-poached lobster rolls (not the most expensive thing on the menu) at Dave's Grill in Montauk, a quaint fishing village on the island's northern tip, or just 10 bottles of Merry Edwards Sauvignon Blanc Russian River 2009 at La Plage in Wading River. A mere picnic.

The mistake was pointed out by the Depository Trust Company, a clearing firm, the day after it was missed and the filing says the error was the fault of the county's escrow agent, M&T Bank.

"The county informed M&T of its error and the escrow agent immediately wired the $722.65 payment to DTC," the regulatory filing said.

So what went wrong? The county was making the first payment in a complicated arrangement that uses $17 million in state HEAL grants for medical costs, primarily related to the Foley Nursing home, said Richard Tortora, president of Capital Markets Advisors, the county's financial adviser.

The $722.65, part of a debt payment of over $1 million, was the portion of the payment from the HEAL grants. The $17 million is being held in an escrow account at M&T.

"M&T for reasons we can't fathom just blew it: 'Oops it wasn't in our system, we missed it'", said Tortora, president of Capital Markets Advisors. Tortora said missing the payment and having to make a regulatory filing with the Municipal Securities Rulemaking Board was frustrating after months spent putting the arrangement together for the county.

M&T Bank was not immediately available for comment.

Fitch Ratings, the credit ratings agency, downgraded Suffolk County's general obligation bond rating to A from A-plus last month, affecting about $1.4 billion of debt. General obligation bonds have the full faith and credit of the issuer and are the best gauge of how risky investors think the county is.

Fitch said it had concerns about the county's ability to become financially stable, let alone reduce its big deficit.

(This story was corrected to fix name of Suffolk County's financial advisers)

(Reporting by Edward Krudy, additional reporting by Pam Niimi; Editing by Kenneth Barry)

Read More

LOS ANGELES (Reuters) - Reality TV star Khloe Kardashian will not be returning to "The X Factor" after just one season as co-host of the TV talent show.

Fox television on Monday announced that presenter and actor Mario Lopez would return for a second season but the statement made no mention of Kardashian.

An "X Factor" spokesman said Kardashian, 28, who with her California socialite sisters Kim and Kourtney rose to fame in "Keeping Up With the Kardashians," would not be returning when the U.S. version of the singing competition returns in September.

"We really enjoyed working with her and wish her all the best in the future," the spokesman said.

Kardashian, one of the most popular faces on U.S. television, was brought in by "X Factor" creator Simon Cowell last year as part of a revamp that included the hiring of singers Britney Spears and Demi Lovato as judges after a disappointing first season in 2011.

A source close to the show said Kardashian, who had no previous experience as a TV host, was not asked to renew her contract.

Spears quit after one season and her replacement has yet to be named but Lovato will be back in September.

Kardashian married basketball player Lamar Odom in 2009, and the pair got their own spinoff show. She has more than 8 million followers on Twitter and has been in the news for several months over the couple's efforts to have a baby.

Lopez, a former actor, is the co-host of entertainment magazine show "Extra" and radio show "On with Mario Lopez." He is also an author of several fitness books.

"I'm thrilled Mario is back for Season Three of 'The X Factor,'" Cowell said in a statement. "Hosting a live show and keeping the judges - especially Demi - in line, is not an easy job, but Mario is a pro and we are glad he's coming back."

Fox is a unit of News Corp

(Reporting By Jill Serjeant; Editing by Kenneth Barry)

Read More

NEW DELHI (AP) "Life of Pi" actor Suraj Sharma credits director Ang Lee with setting him on a path to continue with a career in movies.

Sharma told The Times of India in an interview published Tuesday that getting to work with the Oscar-winning director on "Life of Pi" was a blessing.

"The amount I learned and did was awesome. Ang gave me a path. Before that, I didn't even know what I would do in life," he was quoted as saying. After making the movie, "I know I want to tell stories," he said.

"I don't know whether I just want to act or be behind the camera, holding the camera or just being the boom director. But I want to be on the sets. It has to be something to do with cinema," he said.

Sharma, 20, said his next Hollywood film will be "Million Dollar Arm." The film revolves around a real-life reality show that searched for potential Major League Baseball pitchers among Indian cricketers.

Read More

LONDON (Reuters) - Prince Harry, Britain's third in line to the throne, will take part in a race to the South Pole alongside wounded British servicemen and women, he announced on Friday.

The 208-mile (335-km) trek to the South Pole will see Britain's Royal compete against teams from the United States and Commonwealth countries.

"As a member of the British team, I will have a brew (tea) on ready for you when you join us at the Pole," he said in a speech, referring to participants from other countries.

Harry took part in a 2011 expedition to the North Pole organized by the same charity. Describing qualities he said he admired in his fellow participants, he said: "Physical strength, endurance, a sense of comradeship, absolutely.

"But there's something else, something deeper than that. Something that continues to draw me back to this charity and these people time and again - and always will."

(Reporting By Costas Pitas; Editing by Maria Golovnina)

Read More

SEOUL (Reuters) - LG Display Co Ltd reported its smallest profit since it returned to the black in the second quarter of last year, as demand for iPhone and iPad screens from Apple weakened amid concerns the U.S. company is losing its luster in the mobile device market.

Apple Inc, which analysts say provides about 30 percent of LG Display's revenue, is facing intensifying competition from Samsung and up-and-coming rivals. A disappointing forecast by a U.S. supplier to Apple last week heightened fears about slowing demand for the iPhone and iPad, pushing shares of Asian suppliers including LG Display sharply lower.

LG Display, which vies with Samsung Electronics Co Ltd's panel unit for the top position in LCD flat screens globally, made 151 billion won ($135 million) in operating profit in its January-March first quarter. That compared with the average forecast of a 147 billion won profit in a Thomson Reuters poll of analysts.

It was the South Korean company's fourth straight quarterly profit after seven straight quarters of losses, as makers of liquid crystal display panels have since curtailed output after about two years of oversupply.

The result was also a sharp improvement from a loss of 211 billion won a year earlier. But it was down 74 percent from the previous quarter, hurt by a seasonal slowdown in demand and by weaker sales to Apple, which is scheduled to report quarterly results on Tuesday.

Sales of tablet and smartphone panels, which are largely bought by Apple, accounted for 27 percent of LG Display's total screen shipments in the first quarter, down from 31 percent in the fourth quarter.

Jay Yoo, an analyst at Korea Investment & Securities, estimated before the results announcement that LG Display's panel shipments for the iPhone 5 and the latest iPad had fallen 42 percent and 66 percent, respectively, from the prior quarter as Apple struggles with slowing sales growth.

On Tuesday, Apple is expected to report just an 8 percent increase in revenue for its fiscal second quarter, among the weakest showings in years, according to analysts' estimates.

Still, analysts see earnings for LG Display improving in the coming quarters as Apple is expected to introduce upgraded products later this year, and as demand for mobile device screens from affiliate LG Electronics Inc increases.

Samsung Securities analyst Harrison Cho expects Apple to introduce a less costly iPhone around July, helping LG Display improve its sales to Apple from June when initial parts shipments are expected to begin.

LG Display said on Monday that it expects panel shipments will rise by 5 percent to 10 percent in the second quarter from the previous quarter.

Shares in LG Display have fallen about 3 percent in the year to date, compared with a roughly 5 percent drop in the benchmark KOSPI index. The stock closed 2.2 percent higher prior to the results announcement.

(Reporting by Miyoung Kim; Editing by Chris Gallagher)

Read More

LONDON (AP) Prince Harry said Friday he will take part in a race to the South Pole later this year, leading a team of wounded British military personnel against counterparts from Australia, Canada and the U.S.

In a tongue-in-cheek challenge issued at a news conference, the 28-year-old royal warned his competitors that the Brits would have some tea "ready for you when you join us at the Pole."

Harry and his fellow Walking With The Wounded teammates will participate in the 208-mile (335-kilometer) South Pole Allied Challenge in November and December of this year.

That may be the height of the Antarctic summer, but conditions will still be bitterly cold. The four-week expedition will see racers drag sleds weighing more than 150 pounds (68 kilograms) and face extreme temperatures and savage winds.

Harry has already taken part in one expedition with Walking With The Wounded, a charity which raises funds and keeps injured servicemen and women in the public eye through feats of endurance.

In 2011, he took part in the charity's North Pole trek, but had to withdraw earlier to attend his brother Prince William's wedding to Kate Middleton.

During the news conference, Harry was given a red polar coat by adventurer Inge Solheim, who served as the North Pole treks' guide.

This time around Solheim will be the guide for the American team from Soldiers to Summits, which is made up of Mark Wise from Colorado Springs, Colorado, Therese Frentz, from Del Rio, Texas, Margaux Mange, from Lakewood, Colorado, and Ivan Castro, from Raeford, North Carolina.

___

Online:

http://walkingwiththewounded.org.uk/

Read More

LAGOS, Nigeria (AP) The documentary on a massive strike that paralyzed life in Nigeria features newspaper headlines, television news footage and other information widely known about a government gasoline subsidy that saw billions of dollars stolen by greedy companies and the nation's elite.

It also, according to Nigerian authorities, could spark violence and potentially threaten national security.

The 30-minute film called "Fuelling Poverty" has been online for months, but only recently Nigerian officials have refused its director permission to show it publicly in this oil-rich nation of more than 160 million people. While free speech is enshrined in this democratic nation's constitution, an ever-increasing drumbeat of complaints and critical articles about the administration of President Goodluck Jonathan has seen authorities increasingly target journalists and others.

The film, sponsored by Soros Foundation's Open Society Justice Initiative for West Africa, focuses on the protests around Jonathan's decision to remove subsidies on gasoline in January 2012. Life in Nigeria ground to a halt before unions backed down. Later, a report by lawmakers demanded businesses and government agencies to return some $6.7 billion over the subsidy program.

Ishaya Bako, who directed the film that features civil rights activists and Nobel Prize laureate Wole Soyinka, later applied for the right to show the film publicly. In a letter dated April 8, Nigeria's National Film and Video Censors Board told Bako that the documentary was "prohibited for exhibition in Nigeria."

"I am further to inform you that this decision is due to the fact that the contents of the film are highly provocative and likely to incite or encourage public disorder and undermine national security," the letter signed by board lawyer Effiong Inwang reads. "Please you are strongly advised not to distribute or exhibit the documentary film. All relevant national security agencies are on the alert."

Tanko Abdullahi, a spokesman for the board, initially told The Associated Press on Wednesday that the film wasn't banned, but was "denied classification." Later, in the same conversation, he acknowledged it couldn't be shown over unspecified "security issues."

"What is national security for Nigeria is different from that of the U.S.A.," Abdullahi said. "We made that determination because of the content of the film. That's why you have regulators."

The government's decision has seen more people watch the film online. It also has sparked outrage from human rights activists and press freedom groups.

"Instead of banning the documentary 'Fuelling Poverty,' authorities should look into the important questions it raises about corruption and impunity in the country's oil sector and at the highest levels of government," Mohamed Keita, an official with the Committee to Protect Journalists, said in a statement. "We urge Nigeria's National Film and Video Censors Board to overturn this censorship order."

The move to ban the film comes as Jonathan's government, which many voted for believing he would change the engrained interests and corruption of Nigeria's government, has grown increasingly unpopular as extremists carry out bombings and the state-run power company cannot offer stable electricity. During the strikes, government officials put increasing pressure on broadcasters not to show images of protests, which at one point saw tens of thousands in the streets of Lagos.

Today, journalists at a newspaper face forgery charges over a story that claimed the presidency would try to disrupt opposition parties. Security agencies have harassed reporters at a weekly newspaper that wrote about abuses by the military in its crackdown against Islamic extremists. And workers who ran a call-in radio show in the northern city of Kano face charges over talking about rumors surrounding polio vaccinations in the wake of at least nine women vaccinators being killed.

Despite the outcry, however, the apparent crackdown continues, only fueling more of the same apathy for Nigeria's government seen by those featured in the documentary.

"We don't have government. It's a whole big banana republic," barber Emmanuel Tom Ekin says in the film. "They've been coming telling us story all the time, deceiving us. And right now, in our faces, they are still deceiving us."

___

Online:

The "Fuelling Poverty" documentary: www.youtube.com/watch?v=LVq10BwzQoI

___

Jon Gambrell can be reached at www.twitter.com/jongambrellAP .

Read More

By Caroline Valetkevitch

NEW YORK (Reuters) - Stocks fell in a broad market selloff Wednesday, led by a sharp drop in Apple shares on worries about slowing demand for its products and weaker-than-expected results from Bank of America that battered the financial sector.

Apple Inc slid 5.5 percent to $402.80 after falling below $400 for the first time since December 2011. A key supplier, chipmaker Cirrus Logic , gave a disappointing revenue forecast, fueling worries about weakening demand for the iPhone and iPad.

The CBOE Volatility index , a measure of investor anxiety, jumped 18.3 percent to 16.51. It remains well below the 20 mark, however, suggesting market volatility is still considered relatively subdued.

Wednesday's losses were the week's second big sell-off, adding to views the market may be starting the pullback analysts have been speculating about for months. The market has had strong gains since the start of year, yet on Monday, the S&P 500 posted its worst day since November 7 following a sharp drop in gold prices.

"After Monday's gold selloff spooked U.S. equities, it seems as though the dip buyers are a bit less aggressive, allowing the market to fall a bit more," said Gordon Charlop, a managing director at Rosenblatt Securities in New York.

"This could also be indicative of a muted risk tolerance and perhaps mark the beginning of a long-awaited equity pullback."

The Dow Jones industrial average was down 138.19 points, or 0.94 percent, at 14,618.59. The Standard & Poor's 500 Index was down 22.56 points, or 1.43 percent, at 1,552.01. The Nasdaq Composite Index was down 59.96 points, or 1.84 percent, at 3,204.67.

Volume was roughly 7.89 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, well above the average daily closing volume of about 6.36 billion this year. Decliners outpaced advancers by nearly 4 to 1 on both the NYSE and the Nasdaq.

Financial stocks also fell after Bank of America Corp posted revenue and profits that were below Wall Street expectations. Shares of the Dow component slumped 4.7 percent to $11.70.

The S&P financial index was down 1.9 percent and shares of Morgan Stanley , due to report Thursday, were down 1.7 percent.

Besides financials and technology, energy and materials sectors fell sharply along with oil and copper prices. The S&P 500 energy companies fell 1.9 percent and shares of Chevron slid 1.9 percent to $114.81 and helped lead declines on the Dow.

As Apple shares moved lower, the stock's implied volatility shot higher, reflecting more risk for the stock in the next 30 days.

"This continues a trend since December 2012 where the risk paradigm in Apple has changed," said Ophir Gottlieb, managing director of San-Francisco-based options analytics Livevol.

In a notable technical move, the S&P 500 came close to falling below its 50-day moving average. It has not fallen below the level since the end of last year.

Among other tech decliners, Texas Instruments shed 4.3 percent to $34.21. Yahoo Inc declined 0.4 percent to $23.70 after the Internet company reported first-quarter revenue that missed expectations, though many Wall Street analysts raised their price targets on the stock.

S&P 500 earnings are now expected to have risen 1.7 percent in the first quarter, based on actual results from 56 companies and estimates for the rest, according to Thomson Reuters data.

That expectation is up from a previous estimate of 1.5 percent growth at the start of the month, but so far just 48.2 percent of companies this reporting period have beaten revenue expectations.

After the closing bell, shares of eBay and memory chipmaker SanDisk fell after reporting results. EBay was down 2.3 percent at $54.80 while shares of SanDisk were down 3.1 percent at $54.

Adding to uncertainty in the market, authorities said a letter sent to President Barack Obama and intercepted at a mail screening facility contained the deadly poison ricin, according to preliminary testing.

"The ongoing sequence of these terrorist incidents ... doesn't create an environment for good investor psychology," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

(Additional reporting by Doris Frankel and Chuck Mikolajczak; Editing by Kenneth Barry and Nick Zieminski)

Read More

LOS ANGELES (Reuters) - Reality television star Kim Kardashian and NBA basketball player Kris Humphries have finally settled their divorce, avoiding a trial that was set for next month, a Los Angeles County Superior Court spokeswoman said on Friday.

Judge Hank Goldberg approved the divorce settlement for the couple, who broke up after just 72 days following their made-for-TV wedding in August 2011.

Celebrities usually settle their divorces through negotiation rather than at a trial that can fuel publicity.

Humphries, 28, had been demanding an annulment, alleging that Kardashian, who cited irreconcilable difference when filing for divorce, had no intention of keeping to the marriage, which was filmed as part of her reality show.

Terms of the divorce were not made public. Kardashian, 32, attended the hearing, but Humphries, who plays for the Brooklyn Nets, did not.

Kardashian's publicist declined to comment on the settlement. Humphries' spokesman did not immediately respond to a request for comment.

The socialite started dating rapper Kanye West in April last year and is now about six months pregnant with her first child.

The divorce will be Kardashian's second. She was married to music producer Damon Thomas for four years, separating in 2004.

Kardashian, who stars with her sisters in reality show "Keeping Up with the Kardashians," also has a clothing line and several product endorsements, and was the most-searched person on the Yahoo! website in 2012.

(Reporting by Eric Kelsey; Editing by Jill Serjeant and Mohammad Zargham)

Read More