In other news Thursday, Newt Gingrich's bid for the GOP 2012 nomination suffered a major blow when his campaign manager, senior staff and key aides in early primary states all resigned, but the candidate pledged to stay in the race. Also, Alabama's governor signed what may be the nation's toughest law on illegal immigration.
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Republican presidential contender Newt Gingrich has lost his entire senior campaign staff. The campaign manager, other top staffers, and key aides in early primary states all resigned today. One said they doubted Gingrich's ability to win and his commitment.
The candidate answered with a posting on his Facebook page that said, "I am committed to running the substantive, solutions-oriented campaign I set out to run earlier this spring. The campaign begins anew Sunday in Los Angeles."
The former House speaker is one of seven declared candidates for the Republican nomination.
A Chicago businessman was convicted today on federal charges in one terror plot, but acquitted of another. Tahawwur Rana was found guilty in a conspiracy to attack a Danish newspaper that printed cartoons of the Prophet Mohammed. The jury acquitted him of any role in the deadly attacks in Mumbai, India, in 2008.
Citigroup is the latest high-profile company to fall prey to a cyber-attack. The bank reported today hackers accessed credit card information for 200,000 accounts in North America. The information included names, account numbers, and contact information. Citigroup has more than 21 million credit card customers across North America.
Libya's main opposition group won pledges today of more than $1 billion in financial assistance. Western and Arab nations promised the funds at a conference in Abu Dhabi. Australian Foreign Minister Kevin Rudd said they also focused on what lies ahead for Libya once the fighting ends.
KEVIN RUDD, Australian foreign minister: The ongoing humanitarian crisis on the ground is real. And, therefore, we have two challenges right now: to keep people alive until this crisis concludes, and to be fully prepared from the next day, which is how do you produce sufficient support and structure for an interim government to perform its functions once Gadhafi goes?
Gadhafi by the way, if he has any sense of his own self-interest, would go now.
Rudd and others said there have been a number of overtures from people close to Gadhafi. He said a transition in Libya may soon — may come sooner than anyone thinks.
The governor of Alabama today signed what may be the nation's toughest law on illegal immigration. It lets police arrest anyone suspected of being an illegal immigrant, even if they're stopped for any other reason. It also requires that public schools check the immigration status of students, and it makes it a crime to knowingly give an illegal immigrant a ride. In addition, Alabama businesses will have to verify that new employees are legal.
Microsoft will have to pay $290 million for infringing on another company's patent. The U.S. Supreme Court unanimously upheld that judgment today. The software giant was ordered to compensate a small Canadian firm for using some of its technology in Microsoft Word. The case has been working its way through the federal courts since 2007.
Wall Street has broken a weeklong slump. Stocks moved higher today on news that U.S. exports hit a record in April. The market shrugged off news that new claims for jobless benefits were on the high side again last week. The Dow Jones industrial average gained 75 points, to close at 12,124. The Nasdaq rose nine points to close above 2,684.
Those are some of the day's major stories.