Yet the greatest ponzi scheme continues unabated….
Comments »$APPL REIGNS SUPREME: SHARES HIT RECORD HIGH
Market cap is now above $600 billion.
Comments »Yahoo! Seeks COO
“Yahoo! Inc. (NASDAQ: YHOO) has begun the search for a chief operating officer who would be number two to new CEO Marissa Mayer. AllThingsD reports that the person would need turnaround and financial experience. Yahoo! has been turning itself around for years, so it may as well get someone who can do the job adroitly. The tech news site reports:”
Comments »$JCP Sued by Rival Over Martha Stewart Deal
“(CBS/AP) NEW YORK – Macy’s Inc. (M) is suing rival retailer J.C. Penney Co. (JCP), claiming Penney’s bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy’s and could cost it potentially billions in sales.
In the complaint filed Thursday in the Supreme Court of the State of New York, Macy’s claims that J.C. Penney entered into an unlawful contract with Martha Stewart Living to sell some of its home products at its stores starting next February.”
Comments »$BHP Billiton Warns of Pink Slips on China Slowdown
“SYDNEY (Reuters) – BHP Billiton said on Thursday jobs could go at its Australian coal mines as the company faces a deteriorating market, the latest sign of global miners scaling back operations due to slowing industrial activity in China.
The prospect of job cuts raises doubts about the strength of Australia’s mining boom, which has hinged on China importing hundreds of millions of tonnes of iron ore, coal, copper and other minerals year-in and year-out for most of the past decade.”
Comments »DRUGGED UP AMERICAN KIDS {INFOGRAPHIC}
$CSCO BEAT, BITCH
Co raises its quarterly dividend 75% to $0.14 (yield 3.2% at closing price). “Cisco has the financial strength and flexibility to effectively invest in our business, pursue strategic opportunities, such as acquisitions, as well as return a minimum of 50% of our free cash flow annually through dividends and share repurchases to our shareholders.”
Paulson, Soros Lift Gold Pile as Prices Drop Most Since 2008
“Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange- traded fund backed by gold as prices posted the largest quarterly drop since 2008.
Soros Fund Management more than doubled its investment in the SPDR Gold Trust to 884,400 shares as of June 30, compared with three months earlier, a U.S. Securities and Exchange Commission filing for second-quarter holdings showed. Paulson & Co. increased its holdings by 26 percent to 21.8 million shares.
Gold slumped 4 percent in the second quarter, the biggest such loss since Sept. 30, 2008. Prices fell as European Central Bank President Mario Draghi and Federal Reserve Chairman Ben Bernanke failed to increase stimulus measures, damping the outlook for global growth and demand for the metal as a hedge against inflation. The price is little changed since end-June.”
Comments »Fannie Mae and Freddie Mac Try to Put Banks in the Vice
“(Reuters) – Government-owned Fannie Mae and Freddie Mac are stepping up efforts to find bad home loans that they can force mortgage lenders to buy back from them, providing an increasingly bigger headache to banks.
The government-controlled companies are squabbling with banks over who should bear the burden of losses from the housing crunch, in particular loans made between 2005 and 2008, when the market was at its frothiest.”
Comments »Einhorn and Greenlight Capital Make Some Portfolio Changes
A Look At Prisons In America
This is sick, and I’m not just talking about the businesses.
NEW YORK (CNNMoney) — Just hearing the word Unicor is enough to make Kurt Wilson see red.
Unicor is a government-run enterprise that employs over 13,000 inmates — at wages as low as 23 cents an hour — to make goods for the Pentagon and other federal agencies.
With some exceptions, Unicor gets first dibs on federal contracts over private companies as long as its bid is comparable in price, quantity and delivery. In other words: If Unicor wants a contract, it gets it.
And that makes Wilson and other small business owners angry.
Wilson has been competing with Unicor for 20 years. He’s an executive at American Apparel Inc., an Alabama company that makes military uniforms. (It is not affiliated with the international retailer of the same name.) He has gone head-to-head with Unicor on just about every product his company makes — and said he has laid off 150 people over the years as a result.
Read here:
Comments »Iranian Military Caught In Syria
Many of the 48 Iranian men captured in Syria on August 4 who claimed to be religious pilgrims are in fact active-duty Iranian Revolutionary Guard members, multiple U.S. officials tell Fox News.
Members of the Free Syrian Army captured the group while they traveled on a bus in Damascus.
According to these officials, top members of the Iranian government have reached out to President Bashar Assad to help secure their release. The Iranians say these men were on a Shiite pilgrimage visiting the Sayyida Zeinab shrine, a holy Shiite site in the suburbs of Damascus.
Syria’s state television claimed the men were captured by an “armed terrorist group.”
Read more:
Comments »Greenlight Capital’s 13-f
<PAGE> <TABLE> <CAPTION> FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- --------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> AETNA INC NEW COM 00817Y108 78,840 2,033,525 SH SOLE 2,033,525 0 0 AETNA INC NEW COM 00817Y108 17,214 444,000 SH SOLE 1 444,000 0 0 AETNA INC NEW COM 00817Y108 26,844 692,400 SH SOLE 2 692,400 0 0 APPLE INC COM 037833100 538,913 922,797 SH SOLE 922,797 0 0 APPLE INC COM 037833100 118,902 203,600 SH SOLE 1 203,600 0 0 APPLE INC COM 037833100 189,743 324,903 SH SOLE 2 324,903 0 0 APPLE INC COM 037833100 1,880 3,220 SH SOLE 3 3,220 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 74,232 2,568,568 SH SOLE 2,568,568 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 16,377 566,678 SH SOLE 1 566,678 0 0 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 26,136 904,354 SH SOLE 2 904,354 0 0 BARRICK GOLD CORP COM 067901108 47,004 1,251,098 SH SOLE 1,251,098 0 0 BARRICK GOLD CORP COM 067901108 10,369 276,000 SH SOLE 1 276,000 0 0 BARRICK GOLD CORP COM 067901108 16,546 440,402 SH SOLE 2 440,402 0 0 BEST BUY INC COM 086516101 16,224 774,052 SH SOLE 774,052 0 0 BEST BUY INC COM 086516101 3,550 169,357 SH SOLE 1 169,357 0 0 BEST BUY INC COM 086516101 5,567 265,591 SH SOLE 2 265,591 0 0 BIOFUEL ENERGY CORP COM 09064Y109 3,629 1,019,343 SH SOLE 1,019,343 0 0 BIOFUEL ENERGY CORP COM 09064Y109 930 261,244 SH SOLE 1 261,244 0 0 BIOFUEL ENERGY CORP COM 09064Y109 277 77,850 SH SOLE 2 77,850 0 0 CAREFUSION CORP COM 14170T101 74,730 2,910,029 SH SOLE 2,910,029 0 0 CAREFUSION CORP COM 14170T101 16,340 636,295 SH SOLE 1 636,295 0 0 CAREFUSION CORP COM 14170T101 25,222 982,178 SH SOLE 2 982,178 0 0 CAREFUSION CORP COM 14170T101 1,551 60,400 SH SOLE 3 60,400 0 0 CBS CORP NEW CL B 124857202 93,116 2,840,636 SH SOLE 2,840,636 0 0 CBS CORP NEW CL B 124857202 15,993 487,900 SH SOLE 1 487,900 0 0 CBS CORP NEW CL B 124857202 32,785 1,000,145 SH SOLE 2 1,000,145 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 12,082 31,800 PUT SOLE 31,800 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 2,660 7,000 PUT SOLE 1 7,000 0 0 CHIPOTLE MEXICAN GRILL INC COM 169656105 4,255 11,200 PUT SOLE 2 11,200 0 0 CIGNA CORPORATION COM 125509109 181,636 4,128,100 SH SOLE 4,128,100 0 0 CIGNA CORPORATION COM 125509109 39,662 901,400 SH SOLE 1 901,400 0 0 CIGNA CORPORATION COM 125509109 61,842 1,405,500 SH SOLE 2 1,405,500 0 0 COMPUTER SCIENCES CORP COM 205363104 57,349 2,310,594 SH SOLE 2,310,594 0 0 COMPUTER SCIENCES CORP COM 205363104 12,606 507,900 SH SOLE 1 507,900 0 0 COMPUTER SCIENCES CORP COM 205363104 19,944 803,529 SH SOLE 2 803,529 0 0 COMPUWARE CORP COM 205638109 7,410 797,650 SH SOLE 797,650 0 0 COMPUWARE CORP COM 205638109 1,138 122,481 SH SOLE 1 122,481 0 0 COMPUWARE CORP COM 205638109 2,610 280,949 SH SOLE 2 280,949 0 0 COVENTRY HEALTH CARE INC COM 222862104 135,823 4,272,500 SH SOLE 4,272,500 0 0 COVENTRY HEALTH CARE INC COM 222862104 29,657 932,900 SH SOLE 1 932,900 0 0 COVENTRY HEALTH CARE INC COM 222862104 46,242 1,454,600 SH SOLE 2 1,454,600 0 0 DELPHI AUTOMOTIVE PLC SHS G27823106 131,698 5,164,608 SH SOLE 5,164,608 0 0 DELPHI AUTOMOTIVE PLC SHS G27823106 26,741 1,048,673 SH SOLE 1 1,048,673 0 0 DELPHI AUTOMOTIVE PLC SHS G27823106 46,369 1,818,380 SH SOLE 2 1,818,380 0 0 DST SYS INC DEL COM 233326107 64,232 1,182,701 SH SOLE 1,182,701 0 0 DST SYS INC DEL COM 233326107 14,169 260,900 SH SOLE 1 260,900 0 0 DST SYS INC DEL COM 233326107 22,615 416,399 SH SOLE 2 416,399 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 155,873 8,876,611 SH SOLE 8,876,611 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 13,170 750,000 SH SOLE 1 750,000 0 0 EINSTEIN NOAH REST GROUP INC COM 28257U104 19,436 1,106,858 SH SOLE 2 1,106,858 0 0 ENSCO PLC SPONSORED ADR 29358Q109 113,362 2,413,506 SH SOLE 2,413,506 0 0 ENSCO PLC SPONSORED ADR 29358Q109 25,007 532,400 SH SOLE 1 532,400 0 0 ENSCO PLC SPONSORED ADR 29358Q109 39,913 849,759 SH SOLE 2 849,759 0 0 EXPEDIA INC DEL COM NEW 30212P303 30,198 628,215 SH SOLE 628,215 0 0 EXPEDIA INC DEL COM NEW 30212P303 6,663 138,600 SH SOLE 1 138,600 0 0 EXPEDIA INC DEL COM NEW 30212P303 10,632 221,185 SH SOLE 2 221,185 0 0 FIFTH STREET FINANCE CORP COM 31678A103 12,576 1,260,170 SH SOLE 1,260,170 0 0 FIFTH STREET FINANCE CORP COM 31678A103 2,942 294,835 SH SOLE 1 294,835 0 0 FIFTH STREET FINANCE CORP COM 31678A103 4,428 443,687 SH SOLE 2 443,687 0 0 GENERAL MTRS CO COM 37045V100 218,636 11,087,037 SH SOLE 11,087,037 0 0 </TABLE> <PAGE> <TABLE> <CAPTION> FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- --------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> GENERAL MTRS CO COM 37045V100 47,740 2,420,869 SH SOLE 1 2,420,869 0 0 GENERAL MTRS CO COM 37045V100 74,436 3,774,658 SH SOLE 2 3,774,658 0 0 GENERAL MTRS CO COM 37045V100 2,846 144,299 SH SOLE 3 144,299 0 0 GENWORTH FINL INC COM CL A 37247D106 2,387 421,800 SH SOLE 421,800 0 0 GENWORTH FINL INC COM CL A 37247D106 522 92,300 SH SOLE 1 92,300 0 0 GENWORTH FINL INC COM CL A 37247D106 818 144,600 SH SOLE 2 144,600 0 0 HESS CORP COM 42809H107 57,602 1,325,700 SH SOLE 1,325,700 0 0 HESS CORP COM 42809H107 12,709 292,500 SH SOLE 1 292,500 0 0 HESS CORP COM 42809H107 20,282 466,800 SH SOLE 2 466,800 0 0 HUMANA INC COM 444859102 81,722 1,055,300 SH SOLE 1,055,300 0 0 HUMANA INC COM 444859102 17,842 230,400 SH SOLE 1 230,400 0 0 HUMANA INC COM 444859102 27,824 359,300 SH SOLE 2 359,300 0 0 HUNTINGTON INGALLS INDS INC COM 446413106 64,715 1,608,224 SH SOLE 1,608,224 0 0 HUNTINGTON INGALLS INDS INC COM 446413106 12,495 310,519 SH SOLE 1 310,519 0 0 HUNTINGTON INGALLS INDS INC COM 446413106 22,774 565,953 SH SOLE 2 565,953 0 0 HUNTINGTON INGALLS INDS INC COM 446413106 2,253 56,000 SH SOLE 3 56,000 0 0 LEGG MASON INC COM 524901105 56,487 2,142,099 SH SOLE 2,142,099 0 0 LEGG MASON INC COM 524901105 12,462 472,600 SH SOLE 1 472,600 0 0 LEGG MASON INC COM 524901105 19,888 754,201 SH SOLE 2 754,201 0 0 LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 54,316 617,860 SH SOLE 617,860 0 0 LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 11,982 136,300 SH SOLE 1 136,300 0 0 LIBERTY MEDIA CORPORATION LIB CAP COM A 530322106 19,124 217,540 SH SOLE 2 217,540 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 166,872 3,727,319 SH SOLE 3,727,319 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 36,817 822,350 SH SOLE 1 822,350 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 58,752 1,312,302 SH SOLE 2 1,312,302 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 6,402 143,000 SH SOLE 3 143,000 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 183,933 16,306,125 SH SOLE 16,306,125 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 40,267 3,569,800 SH SOLE 1 3,569,800 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 63,084 5,592,554 SH SOLE 2 5,592,554 0 0 MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 1,512 134,000 SH SOLE 3 134,000 0 0 MICROSOFT CORP COM 594918104 148,288 4,847,605 SH SOLE 4,847,605 0 0 MICROSOFT CORP COM 594918104 32,517 1,063,000 SH SOLE 1 1,063,000 0 0 MICROSOFT CORP COM 594918104 52,169 1,705,437 SH SOLE 2 1,705,437 0 0 MICROSOFT CORP COM 594918104 1,433 46,853 SH SOLE 3 46,853 0 0 MICROSOFT CORP COM 594918104 97,399 3,184,000 CALL SOLE 3,184,000 0 0 MICROSOFT CORP COM 594918104 21,291 696,000 CALL SOLE 1 696,000 0 0 MICROSOFT CORP COM 594918104 34,261 1,120,000 CALL SOLE 2 1,120,000 0 0 NCR CORP NEW COM 62886E108 119,522 5,258,316 SH SOLE 5,258,316 0 0 NCR CORP NEW COM 62886E108 26,369 1,160,100 SH SOLE 1 1,160,100 0 0 NCR CORP NEW COM 62886E108 42,082 1,851,374 SH SOLE 2 1,851,374 0 0 NVR INC COM 62944T105 35,334 41,569 SH SOLE 41,569 0 0 NVR INC COM 62944T105 6,668 7,845 SH SOLE 1 7,845 0 0 NVR INC COM 62944T105 12,441 14,636 SH SOLE 2 14,636 0 0 OAKTREE CAP GROUP LLC UNIT 99/99/9999 674001201 41,659 1,180,612 SH SOLE 1,180,612 0 0 OAKTREE CAP GROUP LLC UNIT 99/99/9999 674001201 9,052 256,500 SH SOLE 1 256,500 0 0 OAKTREE CAP GROUP LLC UNIT 99/99/9999 674001201 14,648 414,700 SH SOLE 2 414,700 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 12,132 2,185,864 SH SOLE 2,185,864 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 2,538 457,327 SH SOLE 1 457,327 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 4,271 769,609 SH SOLE 2 769,609 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 363,074 14,681,526 SH SOLE 14,681,526 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 79,277 3,205,700 SH SOLE 1 3,205,700 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 123,610 4,998,400 SH SOLE 2 4,998,400 0 0 SEAGATE TECHNOLOGY PLC SHS G7945M107 7,750 313,400 SH SOLE 3 313,400 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 149,790 45,947,923 SH SOLE 45,947,923 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 32,982 10,117,100 SH SOLE 1 10,117,100 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 52,398 16,073,077 SH SOLE 2 16,073,077 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 1,101 337,800 SH SOLE 3 337,800 0 0 STATE BK FINL CORP COM 856190103 20,362 1,343,111 SH SOLE 1,343,111 0 0 STATE BK FINL CORP COM 856190103 4,305 284,000 SH SOLE 1 284,000 0 0 STATE BK FINL CORP COM 856190103 7,169 472,889 SH SOLE 2 472,889 0 0 </TABLE> <PAGE> <TABLE> <CAPTION> FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- --------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> SYMMETRICOM INC COM COM 871543104 6,685 1,116,088 SH SOLE 1,116,088 0 0 SYMMETRICOM INC COM COM 871543104 1,203 200,800 SH SOLE 1 200,800 0 0 SYMMETRICOM INC COM COM 871543104 2,354 392,958 SH SOLE 2 392,958 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 6,739 438,419 SH SOLE 438,419 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 1,580 102,800 SH SOLE 1 102,800 0 0 TESSERA TECHNOLOGIES INC COM 88164L100 2,373 154,361 SH SOLE 2 154,361 0 0 UNITEDHEALTH GROUP INC COM 91324P102 85,749 1,465,800 SH SOLE 1,465,800 0 0 UNITEDHEALTH GROUP INC COM 91324P102 18,726 320,100 SH SOLE 1 320,100 0 0 UNITEDHEALTH GROUP INC COM 91324P102 29,197 499,100 SH SOLE 2 499,100 0 0 VIRGIN MEDIA INC COM 92769L101 76,302 3,128,400 SH SOLE 3,128,400 0 0 VIRGIN MEDIA INC COM 92769L101 16,834 690,200 SH SOLE 1 690,200 0 0 VIRGIN MEDIA INC COM 92769L101 26,863 1,101,400 SH SOLE 2 1,101,400 0 0 WELLPOINT INC COM 94973V107 79,010 1,238,589 SH SOLE 1,238,589 0 0 WELLPOINT INC COM 94973V107 17,249 270,400 SH SOLE 1 270,400 0 0 WELLPOINT INC COM 94973V107 26,900 421,700 SH SOLE 2 421,700 0 0 XEROX CORP COM 984121103 130,995 16,644,871 SH SOLE 16,644,871 0 0 XEROX CORP COM 984121103 28,677 3,643,900 SH SOLE 1 3,643,900 0 0 XEROX CORP COM 984121103 44,927 5,708,646 SH SOLE 2 5,708,646 0 0 </TABLE>
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FLASH: Trump Predicts Euro Collapse, On Twitter
J&J Sued for Misrepresentation of Health Benefits
Having lost a billion-dollar case over illegal marketing of its pharmaceuticals, Johnson & Johnson is now being sued for misleading consumers about the artificial sweetener Splenda.
People From the Confederate States of America Are Very Fat Indeed
ATLANTA — A new government survey shows 12 states now have very high obesity rates.
Overall, more than a third of adults are obese but rates vary by state. The latest figures are based on a 2011 telephone survey that asked adults their height and weight.
For the first time, households with only cell phones were included.
State rates remained about the same although states with very high rates went from nine to 12.
At least 30 percent of adults are obese in Alabama, Arkansas, Indiana, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Oklahoma, South Carolina, Texas and West Virginia.
Colorado was lowest, at just under 21 percent, and Mississippi was highest at nearly 36 percent.
The Centers for Disease Control and Prevention released the figures Monday.
Meanwhile, the survey shows New York has a relatively low level of obesity among adults.
The rate in New York stood at 24.5 percent.
Colorado was lowest, at just under 21 percent, and Mississippi was highest at nearly 35 percent.
With AP
Comments »Crack Spreads Are Now Above $34 and WTI-Brent Spread is $21
This is nirvana for the refiners. It doesn’t get easier to make money running a refinery than now.
Comments »Trade Opportunity: $FB Lock Up Coming This Week
We will have to see what happens as the $FB lock up comes in this week on the 16th. $MSFT is said to be keeping their 1.7% piece of the company.
Comments »U.S. Navy Ship Collides With Tanker Near Strait Of Hormuz
“The U.S. Navy said one of its guided-missile destroyers collided with an oil tanker near the Strait of Hormuz in the Persian Gulf.
The collision between USS Porter and the Panamanian-flagged bulk oil tanker M/V Otowasan occurred at about 1 a.m. local time, Bahrain-based U.S. 5th Fleet spokesman Lieutenant Greg Raelson said in a phone interview today. The collision was not combat-related and overall damage to the ship is being evaluated, he said.”
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