U.S. Top News: Penn State hit with $60 million fine, other penalties for Sandusky scandal

	Click to View in Browser 07/23/2012 Penn State hit with $60 million fine, other penalties for Sandusky scandal (Reuters) - The governing body of U.S. college sports on Monday banned Penn State University from post-season football bowl games for four years, fined the school $60 million and imposed other sanctions in an unprecedented punishment for not taking action after being alerted to child sex abuse by former assistant coach Jerry Sandusky. Colorado town, Obama honor shooting victims AURORA, Colo. (Reuters) - President Barack Obama met with friends and family of the Colorado movie theater shooting victims on Sunday as the town of Aurora mourned the 12 who died. Truck crash in Texas kills 11 suspected illegal immigrants EDINBURG, Texas (Reuters) - A pickup truck jammed with suspected illegal immigrants crashed into a tree along a rural Texas highway on Sunday, killing 11 passengers and injuring 12 others, police said. Some U.S. crops get welcome drink amid devastating drought CHICAGO (Reuters) - Rain will fall early this week in the northern U.S. Midwest, with from 1 to 2 inches expected across a broad parched swath of corn and soybean land roughly north of Interstate 80, an agricultural meteorologist predicted Monday. Shooting victims brought together by love of comics (Reuters) - They included a sandwich maker, a cryptography expert, college students and a property appraiser. Some loved wrestling, others sportscasting, or visiting the zoo. U.S. blacks, gay and straight, have biggest struggle with HIV CHICAGO/WASHINGTON (Reuters) - As a gay black man growing up in Chicago's infamous Cabrini Green public housing project, Arick Buckles knows first-hand how the stigma of HIV can keep people infected with the virus from seeking treatment. Fed official highlights benefits of flexible QE: FT LONDON (Reuters) - An open-ended round of quantitative easing that could be adjusted to suit economic conditions should be considered if the Fed launches a fresh round of monetary stimulus, a top policy official in the Federal Reserve said in an interview with the Financial Times. Former Stanford executive says in limbo as SEC case drags WASHINGTON (Reuters) - Bernerd Young has waited more than two years for a final decision from U.S. securities regulators about whether he will be charged over his role as compliance officer at the brokerage owned by convicted Ponzi schemer Allen Stanford. Analysis: Shoppers may be spared worst of corn price surge NEW YORK (Reuters) - Grain prices are soaring as the Midwest corn belt suffers its worst drought since 1956, but that doesn't mean grocery bills are about to jump. NCAA bans Penn State from bowl games for 4 years, $60 million fine (Reuters) - The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky. Related Video Breakingviews: confidence tricks for the euro zone Philips is in sustainable recovery mode - CEO van Houten Great Debate Terror born from rage Gender, capital and 'the crowd' A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend