Egypt bans Mubarak party leaders from elections

Personal Finance - Tue, 05/06/2014 - 09:59

In this image made from video broadcast on Egypt's State Television, Egypt's retired Field Marshal Abdel-Fattah el-Sissi listens to a question during an interview in a nationally televised program in Cairo, Egypt, Monday, May 5, 2014. Former army chief Abdel-Fattah el-Sissi said that he decided to run for president of Egypt because of the "threats" facing the country, speaking in the first TV interview of his campaign. (AP Photo/Egypt's State Television)CAIRO (AP) — An Egyptian court on Tuesday banned leaders of the country's former ruling party under ousted President Hosni Mubarak from running in any elections, a vague ruling that could bar former officials of that regime from returning to politics for the time being.

Categories: Finance News

Saudi Arabia: al Qaeda cell plotting attacks uncovered

Personal Finance - Tue, 05/06/2014 - 09:58
Saudi Arabia said on Tuesday it had uncovered an al Qaeda militant group with links to "extremist elements" in Syria and Yemen that had been plotting to assassinate officials and attack government and foreign targets.
Categories: Finance News

Accused Boston bomber's lawyers seek privacy for family meetings

Personal Finance - Tue, 05/06/2014 - 09:52
Defense attorneys for accused Boston Marathon bomber Dzhokhar Tsarnaev called on a federal judge late Monday to block law enforcement agents from monitoring jailhouse meetings between the suspect, his attorneys and his sisters. "Only real time monitoring of social visitors' conversations with Tsarnaev by someone familiar generally with terrorist tradecraft and specifically with the facts of this case can ensure that those conversations are not being used as a vehicle to convey forbidding messages," they argued in a prior court filing.
Categories: Finance News

Stocks open lower ahead of Yellen testimony

Company Earnings - Tue, 05/06/2014 - 09:51
NEW YORK (AP) — Stocks are opening lower as corporate earnings wind down and as investors hold back ahead of testimony from Federal Reserve Chair Janet Yellen.
Categories: Finance News

AP PHOTOS: Rare disease afflicts Brazilian village

Personal Finance - Tue, 05/06/2014 - 09:43

In this March 3, 2014 photo, Djalma Antonio Jardim who has a rare inherited skin disease known as xeroderma pigmentosum, or "XP," looks in a a mirror at his home in the Araras community of Brazil's Goias state. In an effort to camouflage how the disease has eaten away the skin on his lips, nose, cheeks and eyes, Jardim wears a rudimentary orange-tinted mask, its stenciled-in right eyebrow not matching his bushy real one that remains. (AP Photo/Eraldo Peres)ARARAS, Brazil (AP) — This is a village where the people melt away.

Categories: Finance News

Europe eyes flight recorder changes after jet saga

Personal Finance - Tue, 05/06/2014 - 09:38
BERLIN (AP) — The European Aviation Safety Agency is proposing to improve aircraft flight recorders and underwater locating devices in response to the disappearance of Malaysia Airlines Flight 370.
Categories: Finance News

White House to unveil dire climate warning

Personal Finance - Tue, 05/06/2014 - 09:31

White House senior counselor Podesta speaks to reporters at the White House briefing roomSome environmental and public health groups expect the report to be a "game changer."

Categories: Finance News

TSX futures point to lower start for Canadian stocks

U.S. Economy - Tue, 05/06/2014 - 09:06

Toronto Stock Exchange logo is seen in Toronto(Reuters) - Canadian stocks looked set to open lower on Tuesday after data showed Canada's trade surplus plunged in March. June futures on the S&P TSX index down 0.22 percent at 0850 ET after being down 0.12 percent just before the data was released. Canada's trade surplus fell to just C$79 million in March from C$847 million in February as exports dropped and imports rose, Statistics Canada said. PMI data is due at 1000 ET. The index dropped on Monday as disappointing economic data from China and violence in Ukraine spurred declines in almost every major sector. ...

Categories: Finance News, US News

Eight more girls abducted in Nigeria

Personal Finance - Tue, 05/06/2014 - 08:51

FILE - In this Monday April 21, 2014 file photo, four female students of government secondary school Chibok, who were abducted by gunmen and reunited with their families walk in Chibok, Nigeria. The number of kidnapped schoolgirls missing in Nigeria has risen to 276, up by more than 30 from a previous estimate, police said, adding that the actual number abducted by Islamic extremists on April 14 was more than 300. Police Commissioner Tanko Lawan said the number of girls and young women who have escaped also has risen, to 53. (AP Photo/ Haruna Umar, File)Gunmen kidnapped the girls from a northeast village overnight, reports detailed Tuesday.

Categories: Finance News

Canada trade surplus plummets as exports fall, imports rise

U.S. Economy - Tue, 05/06/2014 - 08:47

Vancouver port truckers strike endangering meat exportsCanada's trade surplus plummeted to just C$79 million ($72 million) in March from C$847 million in February as exports fell and imports rose, Statistics Canada data said on Tuesday. Although the March figure was lower than expected, Canada has now posted two consecutive surpluses for the first time since November and December 2011. Since the end of the recession, Canada's exporters have struggled with weak markets and a stronger Canadian dollar. Bank of Canada Governor Stephen Poloz - who has long complained that weak exports are holding back the economy - said last month he was more hopeful than before about a recovery.

Categories: Finance News, US News

Fed climate change report urges action

Personal Finance - Tue, 05/06/2014 - 08:38

FILE - This March 13, 2014 file photo shows cracks in the dry bed of the Stevens Creek Reservoir in Cupertino, Calif. The Obama administration is more certain than ever that global warming is changing Americans' daily lives and will worsen — conclusions that scientists will detail in a massive federal report to be released Tuesday, May 6, 2014. (AP Photo/Marcio Jose Sanchez, File)Global warming is rapidly and adversely affecting weather patterns, health and safety, a new report finds.

Categories: Finance News

Iran admiral: US ships are a target in case of war

Personal Finance - Tue, 05/06/2014 - 08:36

FILE- In this file photo taken on April 3, 2006, members of Iran's elite Revolutionary Guard attend maneuvers in the Persian Gulf. Iran will target American aircraft carriers in the Persian Gulf should a war between the two countries ever break out, the naval chief of Iran's powerful Revolutionary Guard warned Tuesday as the country completes work on a large-scale mock-up of a U.S. carrier. (AP Photo/IRNA, File)TEHRAN, Iran (AP) — Iran will target American aircraft carriers in the Persian Gulf should a war between the two countries ever break out, the naval chief of Iran's powerful Revolutionary Guard warned Tuesday as the country completes work on a large-scale mock-up of a U.S. carrier.

Categories: Finance News

No quick fix to Europe's energy dependency on Russia: German minister

U.S. Economy - Tue, 05/06/2014 - 08:26
There is no quick fix for Europe's energy dependence on Russia, Germany's Economic Affairs and Energy Minister said on Tuesday as G7 energy ministers readied a statement on the need to diversify energy supplies. "Everyone agreed with me that, given the current conflict, there will be no quick solution," Sigmar Gabriel said on the margins of a meeting of Group of Seven energy ministers in Rome. The G7 energy meeting, called to discuss energy security as Europe seeks ways to wean itself off its dependency on Russia, follows a weekend of violence that killed dozens in Ukraine, a major transit route for Russian gas into the European Union.
Categories: Finance News, US News

WestJet profit beats estimates, buyback announced

Company Earnings - Tue, 05/06/2014 - 08:21

A West Jet aircraft departs Vancouver International Airport in RichmondBy Susan Taylor TORONTO (Reuters) - WestJet Airlines Ltd , Canada's second-largest carrier, reported a better-than-expected quarterly profit on Tuesday, as a sizeable tax recovery helped offset the impact of a weaker Canadian dollar. "While it was likely a tough quarter with harsh winter weather an impact, costs do appear to be trending higher as WestJet rolls out new initiatives," RBC Capital Markets analyst Walter Spracklin said in a client note. "However, the demand environment appears to be healthy ... As such, we view the results as largely in line with a negative bias on the cost front." WestJet said that net earnings for the quarter ended March 31 fell to C$89.3 million ($81.5 million), or 69 Canadian cents per share, from C$91.1 million, or 68 Canadian cents per share, a year earlier. WestJet had said in February that it increased ticket prices to compensate for higher expenses caused by a weaker Canadian dollar.

Categories: Finance News

Nigerian girl describes kidnap, 276 still missing

Personal Finance - Tue, 05/06/2014 - 08:08
LAGOS, Nigeria (AP) — The girls in the school dorm could hear the sound of gunshots from a nearby town. So when armed men in uniforms burst in and promised to rescue them, at first they were relieved.
Categories: Finance News

UBS overhauls structure, offers investors extra cash

Company Earnings - Tue, 05/06/2014 - 08:06

Swiss bank UBS CEO Sergio Ermotti addresses a news conference in ZurichSwitzerland's largest lender has overhauled its business since the financial crisis, cutting back on risky debt trading made more expensive by tougher regulations and putting it a step ahead of rivals such as Barclays which is still grappling with how to retool its investment bank at the center of a drop in profits in the first quarter. Chief Executive Sergio Ermotti said UBS's success in shrinking its investment bank and focusing on its less-risky private bank would help it to drive returns for shareholders. However, the jump, due to cost cuts and a lower tax rate, masked a drop in earnings from wealth management and investment banking. "The investment bank missed our forecasts.

Categories: Finance News

BCE profit beats due to Astral takeover, wireless growth

Company Earnings - Tue, 05/06/2014 - 08:06
By Alastair Sharp TORONTO (Reuters) - BCE Inc , Canada's largest telecommunications company, reported a better-than-expected adjusted profit, helped by the inclusion of results from TV and radio content producer Astral Media and strong growth in its wireless business. BCE's net income attributable to shareholders rose to C$615 million ($561 million), or 79 Canadian cents per share, in the first quarter from C$566 million, or 73 Canadian cents per share, a year earlier. Analysts on average had expected earnings of 76 Canadian cents per share on revenue of C$5.12 billion, according to Thomson Reuters I/B/E/S. But analyst Dvai Ghose of Canaccord Genuity said the earnings per share (EPS) included non-operating gains without which the company would have just missed estimates.
Categories: Finance News

My spring break with Big Liquor

Personal Finance - Tue, 05/06/2014 - 07:38
Yahoo News spends five rowdy days on the American Whiskey Trail.
Categories: Finance News

34 reported dead in Ukraine

Personal Finance - Tue, 05/06/2014 - 07:30

Pro-Russian gunmen carry their weapons at the local administration building in the center of Slovyansk, Ukraine, Tuesday, May 6, 2014. Gunbattles took place at various positions around the city Monday in what has proven the most ambitious government effort to date to quell unrest in the mainly Russian-speaking east. (AP Photo/Alexander Zemlianichenko)Thirty pro-Russia insurgents and four government troops have been killed during operations to expunge anti-government forces around a key eastern city, Ukraine's interior minister reported Tuesday.

Categories: Finance News