10 things to know for Friday

[May 11, 2012]   -- Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (times EDT):

1. OBAMA, ROMNEY HIT THE ROAD

After an apology from Biden for forcing his hand on gay marriage -- and a night of fundraising at George Clooney's house, the president speaks in Reno, Nev., at 3:10 p.m. and the presumptive GOP nominee campaigns in Charlotte, N.C., at 1 p.m.

2. JP MORGAN CHASE BETS BADLY ON DERIVATIVES

Shares of the largest bank in the U.S. plunge almost 7 percent in afterhours trading after it admitted an embarrassing $2 billion loss in a trading portfolio designed to hedge risk.

3. JOHN EDWARDS' DEFENSE WANTS CHARGES DROPPED

Prosecutors cast him as a liar and a lousy husband, but lawyers for the former vice presidential candidate say he's no criminal.

4. HIV DRUG WINS BACKING OF FDA PANEL

The first drug shown to prevent infection wins the endorsement of a panel of federal advisers, clearing the way for a landmark approval in the 30-year fight against the virus that causes AIDS.

5. FUGITIVE SUSPECT IN KILLINGS, KIDNAPPINGS KILLS HIMSELF AS SWAT TEAM CLOSES IN

Adam Mayes, accused of killing a mother and her teenage daughter and kidnapping her two other children, shoots himself in the head in Mississippi.

6. ANCIENT TERRACES IN THE WEST BANK

One of the last Palestinian farming villages that still uses irrigation systems from Roman times says its ancient way of life is in danger as Israel prepares to lay down its West Bank separation barrier.

7. NAVY SAYS SONAR, EXPLOSIVES COULD HURT MARINE MAMMALS

The military estimates these practices may unintentionally cause more than 1,600 instances of hearing loss or other injury to the sea creatures in one year.

8. HORST FAAS: LEGENDARY AP PHOTOJOURNALIST

The photographer, who died Thursday, was best known for his searing and sometimes startling images of Vietnam. He carved out new standards for covering war with a camera.

9. SURFER SETS GNARLY WAVE RECORD

A Hawaii pro surfer caught a 78-foot wave off the coast of Portugal and gets a world record.

10. KID ROCK GOES CLASSICAL

The rocker is playing a show Saturday to raise money for the Detroit Symphony Orchestra -- and will perform with the musicians themselves.

[Associated Press]

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