Finance

'Murdered' Ukraine politician faced hostile mob, video shows

Personal Finance - 47 min 15 sec ago

Photos of the day - February 21, 2014The Ukrainian town Councilor whose apparent torture and murder helped to prompt a threatened new government offensive in the east was mobbed by a hostile, pro-Russian crowd before he disappeared, a video of the incident shows. The apparent murder of Volodymyr Rybak and a second man prompted the European Union to call on Russia to use its influence to stop kidnappings and killings in mainly Russian-speaking eastern Ukraine, scene of separatist rebellions against Kiev's leaders. Ukraine's security service said a rogue officer and a member of Russian military intelligence were involved in Rybak's killing. The footage from April 17 on local news site gorlovka.ua shows angry scenes outside the town hall of Horlivka, between the separatist flashpoint cities of Donetsk and Slaviansk, as Rybak is manhandled by several men, among them a masked man in camouflage, while other people hurl abuse.


Categories: Finance News

Ukraine militants: We're holding U.S. journalist over 'destabilizing' reports

Personal Finance - 51 min 56 sec ago

In this photo taken on Sunday, April 13, 2014, a reporter Simon Ostrovsky, right, stands next to a Pro-Russian gunman at a seized police station in the eastern Ukraine town of Slovyansk. Pro-Russian gunmen in eastern Ukraine say they are holding an American journalist captive. Ostrovsky, a journalist for Vice News, has not been seen since early Tuesday. (AP Photo/Efrem Lukatsky)Pro-Russian separatists in eastern Ukraine on Wednesday confirmed they are detaining a U.S. journalist working with Vice News. The self-declared separatist mayor of Slaviansk told reporters the journalist, Simon Ostrovsky, had been detained for reporting what he said was false information that was "destabilizing for us" but that he was being treated well. Mayor Vyacheslav Ponomaryov attempted to joke about the situation. Vice News has said on its website that it is in contact with the U.S. State Department and other government authorities to work toward securing the safety of its journalist.


Categories: Finance News

US stocks edge lower after a six-day rise

Company Earnings - 56 min 9 sec ago

Trader Gregory Rowe, left, and specialist Frank Masiello work on the floor of the New York Stock Exchange Wednesday, April 23, 2014. The stock market slipped Wednesday after rallying for six straight days as investors worked through another round of quarterly earnings reports from U.S. companies. (AP Photo/Richard Drew)NEW YORK (AP) — The stock market slipped Wednesday, after rising for six straight days, as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those announcing disappointed results. A worse-than-expected report on the housing market also weighed on the broader market.


Categories: Finance News

Syrian activists accuse Assad of new gas attacks

Personal Finance - 57 min 5 sec ago

In this image taken from video obtained from the Shaam News Network, posted on April 18, 2014, an anti-Bashar Assad activist group, which has been authenticated based on its contents and other AP reporting, two women and a young girl are treated by a medic in Kfar Zeita, a rebel-held village in Hama province some 200 kilometers (125 miles) north of Damascus. Syrian opposition activists and other witnesses tell The Associated Press that Syrian government forces have attacked rebel-held areas with poisonous chlorine gas in recent months. They say the attacks left scores of men, women and children coughing, choking and gasping for breath. The reports have been denied by the Syrian government and have yet to be confirmed by any foreign country or international organization. But if true, they highlight the limitations of the global effort to rid Syria of its chemical weapons. (AP Photo/Shaam News Network)BEIRUT (AP) — Syrian government forces have attacked rebel-held areas with poisonous chlorine gas in recent weeks and months, leaving men, women and children coughing, choking and gasping for breath, according to Associated Press interviews with more than a dozen activists, medics and residents on the opposition side.


Categories: Finance News

Green groups urge U.S. to drop solar trade case against India

U.S. Economy - 57 min 58 sec ago
Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources. The United States is taking action at the WTO over the domestic content requirements in India's program, which aims to ease chronic energy shortages in Asia's third-largest economy. U.S. Trade Representative Michael Froman has said making Indian solar developers use locally made equipment discriminates against U.S. producers, in breach of WTO rules, and could hinder the spread of solar power globally by making equipment more expensive. But green groups including the Sierra Club, Greenpeace USA and Friends of the Earth U.S. said supporting the U.S. industry should not come at the expense of India's push to cut fossil fuels and build a viable domestic renewables industry, which would in turn help global efforts to tackle climate change.
Categories: Finance News, US News

Strong U.S. defense firm profits defy regular gloomy warnings

Company Earnings - 1 hour 2 min ago

Handout photo of workers on the moving line and forward fuselage assembly areas for the F-35 JSF at Lockheed Martin Corp's factory located in Fort Worth, TexasBy Andrea Shalal WASHINGTON (Reuters) - U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing. Defense majors Lockheed Martin Corp , General Dynamics Corp , and Northrop Grumman Corp have all reported higher profits this week and raised their full-year forecasts.


Categories: Finance News

Soldier convicted in WikiLeaks case gets new name

Personal Finance - 1 hour 5 min ago

U.S. Army, Pfc. Chelsea ManningKansas judge grants Bradley Edward Manning's request to become Chelsea Elizabeth Manning.


Categories: Finance News

Oldest living ex-MLB player dies in Cuba at 102

Personal Finance - 1 hour 6 min ago

Conrado Marrero, oldest living ex-MLB player, dies at 102 (Photo taken on April 25, 2012.) (AP Photo/Franklin Reyes)HAVANA (AP) — Conrado Marrero, the diminutive Cuban right-hander who pitched for the Washington Senators in the 1950s and in 2011 became the oldest living former Major League Baseball player, died in Havana on Wednesday. He was 102, just two days short of his 103rd birthday.


Categories: Finance News

For Wrigley, it's party of a century

Personal Finance - 1 hour 10 min ago

Baseball fans wait to enter Wrigley Field on the 100th anniversary of the first baseball game at the ballpark, before a game between the Arizona Diamondbacks and Chicago Cubs, Wednesday, April 23, 2014, in Chicago. (AP Photo/Charles Rex Arbogast)CHICAGO (AP) — For Wrigley Field, it really was the party of a century.


Categories: Finance News

Court tosses $3.4M award to child porn victim

Personal Finance - 1 hour 15 min ago

FILE - This Dec. 19, 2013, file photo shows a view of the Supreme Court from near the top of the Capitol Dome on Capitol Hill, in Washington. The Supreme Court is hearing arguments in a case that asks whether a victim of child pornography can seek millions of dollars from a defendant who had just two images of her on his computer. The woman known only as Amy is trying to persuade the justices in arguments on Jan. 22, 2014, that people convicted of possessing child pornography should be held liable for the entire cost of the harm their victims suffer, including in psychiatric care, lost income and legal fees. (AP Photo/Susan Walsh, File)Supreme Court says man found with pictures not responsible for entirety of woman's losses.


Categories: Finance News

Prince Charles' brother-in-law dies in NYC after fall

Personal Finance - 1 hour 26 min ago

Mark ShandLONDON (AP) — The brother of Camilla, Duchess of Cornwall, has died after sustaining a serious head injury following a fall in New York, British royal officials said Wednesday.


Categories: Finance News

Amid Russian warning, Ukraine's in a security bind

Personal Finance - 1 hour 35 min ago

Russian Foreign Minister Sergey Lavrov speaks during a news conference after the meeting of foreign ministers from Caspian countries, in Moscow, Russia, on Tuesday, April 22, 2014. (AP Photo/Ivan Sekretarev)DONETSK, Ukraine (AP) — Ukraine's highly publicized goal to recapture police stations and government buildings seized by pro-Russia forces in the east produced little action on the ground Wednesday but ignited foreboding words from Moscow.


Categories: Finance News

Wall Street slips after six-day S&P run; biotechs drop

Company Earnings - 1 hour 43 min ago

Traders work on the floor of the New York Stock ExchangeBy Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks declined on Wednesday after a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. AT&T Inc fell 3.6 percent to $35 a day after the Dow component reported adjusted earnings that beat expectations by a penny, though that was offset by weak service revenue growth. Verizon Communications shed 1.2 percent to $47.36 while the S&P telecom sector index dropped 2.1 percent, easily making it the session's worst-performing sector so far. Biotech shares tumbled, pulling the Nasdaq lower.


Categories: Finance News

Russia hints at armed 'response' if Ukraine interests attacked

Personal Finance - 1 hour 46 min ago

A pro-Russian armed man stands guard near the state security service building in SlavianskSlavyansk (Ukraine) (AFP) - Russia issued a sharp warning on Wednesday that it will strike back if its "legitimate interests" in Ukraine are attacked, raising the stakes in the Cold War-like duel with the United States over the former Soviet republic's future. Both the government and Russia's powerful Gazprom company also made strident noises over Ukraine's unpaid debt for Russian gas, estimated at $3.5 billion (2.5 billion euros). Russian Foreign Minister Sergei Lavrov told state-controlled RT television that if Russia or its interests are attacked, "we would certainly respond". "If our interests, our legitimate interests, the interests of Russians have been attacked directly, like they were in South Ossetia for example, I do not see any other way but to respond in accordance with international law," he said, referring to Russia's armoured invasion of Georgia in 2008.


Categories: Finance News

Obama offering Japan security, economic assurances

Personal Finance - 2 hours 12 min ago

Office workers try to catch a glimpse of U.S. President Barack Obama as Obama and Japanese Prime Minister Shinzo Abe have dinner in Ginza district in Tokyo, Wednesday, April 23, 2014. Opening a four-country swing through the Asia-Pacific region, Obama is aiming to promote the U.S. as a committed economic, military and political partner, but the West's dispute with Russia over Ukraine threatens to cast a shadow over the president's sales mission (AP Photo/Shuji Kajiyama)TOKYO (AP) — Facing fresh questions about his commitment to Asia, President Barack Obama will seek to convince Japan's leaders Thursday that he can deliver on his security and economic pledges, even as the crisis in Ukraine demands U.S. attention and resources elsewhere.


Categories: Finance News

Q&A: A French economist's grim view of wealth gap

U.S. Economy - 2 hours 14 min ago

 The U.S. economy is beginning to decay into the aristocratic Europe of the 19th century. (AP Photo/Harvard Press, Emmanuelle Marchadour)NEW YORK (AP) — In a new book, Thomas Piketty, the French economist who helped popularize the notion of a privileged 1 percent, sounds a grim warning: The U.S. economy has begun to decay into the pattern of aristocratic Europe of the 19th century. Hard work will matter less, inherited wealth more. The fortunes of the few will unsettle the foundations of democracy.


Categories: Finance News, US News

US weighs clemency for inmates jailed for 10 years

Personal Finance - 2 hours 15 min ago

Deputy Attorney General James Cole holds up a list of guidelines during a news conference at the Justice Department in Washington, Wednesday, April 23, 2014. Cole announced the new standards that will be considered in deciding whether to recommend clemency for certain non-violent drug prisoners. Wednesday's announcement is part of an ongoing effort to trim the nation’s prison population and help convicts who were given what the Obama administration says were unduly harsh sentences for drug crimes. (AP Photo/Susan Walsh)WASHINGTON (AP) — The Justice Department is encouraging nonviolent federal inmates who have behaved in prison, have no significant criminal history and have already served more than 10 years behind bars to apply for clemency, officials announced Wednesday.


Categories: Finance News

Syrian activists accused regime of new gas attacks

Personal Finance - 2 hours 17 min ago
BEIRUT (AP) — Syrian opposition activists and other witnesses tell The Associated Press that Syrian government forces have attacked rebel-held areas with poisonous chlorine gas in recent months.
Categories: Finance News

Hole in Afghan budget stirs unease as West starts packing bags

U.S. Economy - 2 hours 53 min ago

A money changer holds a stack of U.S. dollars at Kabul's largest money marketBy Jeremy Laurence and Mirwais Harooni KABUL (Reuters) - A $375 million hole in the Afghan budget is threatening public projects and civil servants' salaries, officials say, putting the aid-dependent economy under stress just as Afghanistan awaits a new leader and foreign troops prepare to go home. U.S., U.N. and Afghan finance ministry officials have discussed ways to resolve what they say has become a critical situation for the budget, with civil projects most at risk as international assistance starts to taper off. "If the political situation of the country does not become normal and businesses do not start again soon this problem will become even more worrying," Alhaj Muhammad Aqa, director general of the treasury at the finance ministry, told Reuters on Wednesday. "We will not only face problems in paying salaries of employees but we will have difficulties in other issues too." Funding for security will not be affected, as costs are met by foreign governments which recognize that any chance of stability in Afghanistan rests on quelling the Taliban insurgency.


Categories: Finance News, US News