Korva Coleman

The wayward Kulluk oil drilling platform remains stuck onshore near Kodiak Island, Alaska.

The unmoored platform, owned by Shell Oil, was being towed in the Gulf of Alaska last week when it broke away from its tow lines, as Bill wrote. But seas were so treacherous the crews disconnected the tow lines for their safety. They were later airlifted off the platform. The rig fetched up against Sitkalidak Island, just south of Kodiak Island on New Year's Eve.

Pennsylvania Gov. Tom Corbett (R), says the NCAA badly overreached itself when it imposed punitive financial sanctions on Penn State over the handling of sexual predator and former Penn State assistant football coach, Jerry Sandusky. Corbett is filing a federal anti-trust lawsuit against the collegiate athletic association, saying it ignored its own disciplinary rules in its rush to castigate the Pennsylvania university.

In a statement early this morning, the Treasury Department says it's going to "exit" its investment in General Motors. The federal government holds just over 500 million shares of GM stock.

The automaker will buy 200 million of those shares, and the government will dispose of the rest "in an orderly fashion" over the next year and a half, depending on market conditions.

The issue of gun control appears to have moved into business and finance. One of the largest private equity companies in the country is terminating its relationship with a firearms corporation associated with one of the weapons used in the Newtown school shooting.

Pope Benedict XVI is officially a tweep. He launched his new Twitter account with this blessing:

Update at 6:00 p.m. ET:

Michigan Gov. Rick Snyder has signed into law two controversial "right-to-work" bills passed earlier Tuesday by the state's House. This officially makes Michigan the 24th right-to-work state in the nation.

The two bills give both public and private employees so-called right-to-work protections — controversial pieces of legislation that have sparked protests in and around the state capitol in Lansing.

Some outraged protesters remain around the Egyptian presidential palace in Cairo today, as opponents of President Mohammed Morsi defy his recent ruling granting himself executive powers that can't be questioned by a court.

Now there's word he may have signed a new order allowing soldiers to detain and arrest civilians, a right that's reserved for police officers.

Former Florida neighborhood watch volunteer George Zimmerman says NBC Universal's editorial decisions made him look like a racist when the network covered the shooting and killing of teenager Trayvon Martin.

A group of unionized clerical workers has effectively shut down much of the operations at the Ports of Los Angeles and Long Beach. The clerical workers, members of the International Longshore and Warehouse Union, walked off the job on Wednesday, saying they feared Port officials were outsourcing their jobs.

Their clout grew dramatically yesterday when unionized longshoremen in both cities agreed to honor their picket lines.