Community / International / National / News / May 8, 2013

News Brief: Stock market hits record high

Man sentenced to 35 years for batteryNews briefs

 GALESBURG-A local man was sentenced to 35 years in prison for the 2012 beating of a woman on her way home from a bar. Sterling Nicholson will serve consecutive sentences of 25 and 10 years after being found guilty of aggravated domestic battery and aggravated battery. The judge cited both Nicholson’s history of past criminal behavior and a desire to protect the public as motivating his decision to impose such a long sentence. Nicholson will not be eligible for early release until at least 2039, when he will be 74 years old. (Source: The Galesburg Register-Mail)

 Dow hits historic high of 15,000 points

NEW YORK-The Dow Jones Industrial Average closed above 15,000 for the first time in history on Tuesday, capping off a four year long positive trend for the stock market indicator. The market has now risen 130 percent since 2009 and the worst days of the financial crisis. This year to date has seen the best performance of the Dow since the “Dot Com” bubble of 1999. Investors have been eager to put money into stocks as yields on other forms of investment remain low, thanks to aggressive interest rate control from the Federal Reserve. (Source: The Wall Street Journal)

 Sanford elected to vacant senate seat over Colbert

CHARLESTON, S.C. -A disgraced former politician was elected to the Senate after winning a special election Tuesday in South Carolina. Mark Sanford, who previously served three terms as congressman and two as governor, gained national notoriety after he used public funds to visit his mistress in Argentina while telling his staff that he was hiking the Appalachian Trail. Sanford, a Republican, defeated a Democratic challenger, Elizabeth Colbert Busch. The seat previously belonged to Sen. Jim DeMint, who resigned last year. (Source: Fox News)

 Russia agrees to attend Syrian peace conference

 MOSCOW The chief diplomats of Russia and the United States agreed to host a conference by the month’s end aimed at halting Syria’s bloody civil war. Secretary of State John Kerry, in Moscow to meet with his Russian counterpart Sergei Lavrov, called for a transitional government to take power in Syria. Russia has been one of the most important foreign supporters of the current Assad government, sending arms shipments to the regime and blocking action from the United Nations to intervene in the conflict. The war has already claimed 70,000 lives, and many fear its expansion after a series of Israeli air strikes over the past week. (Source: Reuters)


Tags:  battery colbert dow jones hiking the appalachian trail investing John Kerry mark sanford Russia senate stock market stocks syria

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