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Articles filed under Nation/World

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  • Poll: 81 percent of Russians back Putin even as ruble falls Dec 18, 2014 12:53 PM
    From a Western perspective, Vladimir Putin’s days as president of Russia should be numbered: The ruble has lost about half its value, the economy is in crisis and his aggression in Ukraine has turned the country into an international pariah. And yet most Russians see Putin not as the cause, but as the solution.

     
  • N. Korea-linked Sony hack may be costliest ever Dec 18, 2014 9:56 AM
    The unprecedented hack of Sony Pictures, which a U.S. official says is linked to North Korea, may be the most damaging cyberattack ever inflicted on an American business. The fallout from the hack that exposed a trove of sensitive documents, and this week escalated to threats of terrorism, forced Sony to cancel release of the North Korean spoof movie “The Interview.”

     
  • Marshall President Stephen Kopp dies Dec 18, 2014 10:10 PM
    Marshall president Stephen Kopp dies after illness; oversaw $200M in buildings, renovations

     
  • Dog injures Wyoming man in accidental shooting Dec 18, 2014 10:42 PM
    Police: Dog causes rifle to discharge, injuring 46-year-old man in northern Wyoming

     
  • Key elements of US policy shift toward Cuba Dec 18, 2014 1:57 PM
    The U.S. and Cuba will begin taking steps to restore full diplomatic relations, marking the most significant shift in U.S. policy toward the communist island in more than half a century. Key elements of changes to U.S. policy toward Cuba, some of which President Barack Obama announced at the White House this week.

     
  • How Kim Jong Un became the target of ‘The Interview’ Dec 18, 2014 9:28 AM
    A few weeks ago, when Seth Rogen sat down for a lunch interview about “The Interview,” the likelihood of trouble seemed remote. “You’re always hoping nothing horrible is going to happen, obviously,” said Rogen. “If something horrible happened and they were like, ‘It’s inappropriate to release this movie now,’ we’d ultimately go, ‘Yeah, we got to make it and got paid in advance.’” Unfortunately, Rogen’s chuckling hypothetical has come to pass.

     
  • A look at North Korea’s cyberwar capabilities Dec 18, 2014 9:55 AM
    Most North Koreans have never seen the Internet. But the country Washington suspects is behind a devastating hack on Sony Pictures Entertainment has managed to orchestrate a string of crippling cyber infiltrations of South Korean computer systems in recent years, officials in Seoul believe, despite North Korea protesting innocence.

     
  • Tsarnaev lawyer says he plans to seek trial delay Dec 18, 2014 1:27 PM
    Boston Marathon bombing suspect Dzhokhar Tsarnaev returned to court Thursday for the first time since he was arraigned in July 2013. David Bruck, one of Tsarnaev’s lawyers, told the judge that the defense plans to file a motion to delay the trial, which is now scheduled to begin on Jan. 5 with jury selection.

     
  • Cubans hope for better future with US-Havana deal Dec 18, 2014 10:26 AM
    Cubans cheered the surprise announcement that their country will restore relations with the United States, hopeful they’ll soon see expanded trade and new economic vibrancy even though the 53-year-old economic embargo remains in place for the time being.

     
  • Average U.S. 30-year loan rate falls to 3.80 percent Dec 18, 2014 12:53 PM
    Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year. The rates’ historically low levels could be a boon to potential homebuyers. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage dropped to 3.80 percent this week from 3.93 percent last week. It is now at its lowest level since May 2013.

     
  • U.S. jobless aid applications decline to 289,000 Dec 18, 2014 12:52 PM
    Fewer Americans sought unemployment benefits last week, a sign of solid job security and growing confidence among employers. Weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. That is the lowest level since late October.

     
  • Ford expands driver’s-side air bag recall nationwide Dec 18, 2014 10:16 AM
    Ford Motor Co. has agreed to government demands to expand a driver’s-side air bag inflator recall to the entire U.S. The move announced Thursday adds 447,000 Ford vehicles to the list of those recalled due to driver’s inflators made by Japan’s Takata Corp. The inflators can explode with too much force, spewing shrapnel into drivers and passengers.

     
  • ‘Interview’ ordeal at Sony just its latest crisis Dec 18, 2014 9:56 AM
    Sony’s miseries with its television and smartphone businesses were bad enough. Now its American movie division, a trophy asset, is facing tens of millions of dollars in losses from leaks by hackers that attacked the company over a movie that spoofs an assassination of North Korean leader Kim Jong Un. For now, Sony’s damage control strategy in Japan appears to be waiting out the crisis in silence.

     
  • Obama reignites political debate over Cuba Dec 18, 2014 10:11 AM
    The surprising move by President Barack Obama to restore U.S. ties with Cuba reignited long-simmering political passions over the fate of the island nation, reinforcing yet another difference between Democrat Hillary Rodham Clinton and several Republicans eyeing bids for the White House. Yet even in Florida, the nation’s most essential swing state, those distinctions may not matter as much as they once did.

     
  • Putin: West is trying to ‘defang’ the Russian bear Dec 18, 2014 12:53 PM
    Vowing never to let the West defang his proud nation, President Vladimir Putin promised Thursday to fix Russia’s economic woes within two years by diversifying and voiced confidence that the plummeting ruble will soon recover.

     
  • Aer Lingus rejects bid by British Airways parent Dec 18, 2014 12:53 PM
    Irish airline Aer Lingus has rejected a takeover bid by the International Consolidated Airlines Group, the parent company of British Airways and Spain’s Iberia. Shares in the Dublin-based carrier surged by as much as 21 percent Thursday amid rumors of a possible bid. Those gains were pared after IAG issued a statement confirming its proposal had been rejected by the Aer Lingus board. Analysts long have seen IAG as a likely bidder for Aer Lingus. IAG chief executive Willie Walsh was previously chief executive of Aer Lingus before the formerly state-owned airline’s 2006 privatization. Aer Lingus operates a substantial European short-haul network and a half-dozen routes to the United States. In recent years it has struggled to compete with larger Dublin-based rival Ryanair, which has mounted three failed takeover bids.

     
  • Britain’s message for UAE visit: Nice, not naughty Dec 18, 2014 6:15 AM
    Britain wants to make sure its citizens are more nice than naughty while soaking up the Persian Gulf sun this holiday season. A social media campaign by British Embassy staff in the United Arab Emirates running this week is a play on the classic poem “‘Twas the Night Before Christmas,” and includes travel advice aimed at keeping unwitting Britons out of trouble.

     
  • Gauge of U.S. economy rises 0.6 percent in November Dec 18, 2014 12:54 PM
    An index designed to predict the future health of the economy posted a third straight solid gain in November. The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month, matching the revised October gain. The October reading had originally been reported as a 0.9 percent increase. The index rose 0.8 percent in September after being unchanged in August. Conference Board economists say the widespread gains in the leading index are pointing to strong underlying conditions in the U.S. economy that should propel growth through the winter. “The biggest challenge has been, and remains, more income growth,” said Conference Board economist Ken Goldstein. “However, with labor market conditions tightening, we are seeing the first signs of wage growth starting to pick up.” The leading index is composed of 10 forward-pointing indicators. In November, eight of the 10 indicators showed gains with the strongest contributions coming from the spread on interest rates and new manufacturing orders. The two components which held the index back were weekly unemployment claims and applications for building permits. Joshua Shapiro, chief U.S. economist at MFR Inc., said that the main message being sent in recent months by the leading index is that the overall economy is poised to turn in solid growth of around 3 percent.

     
  • McDonald’s in Japan limits orders of fries Dec 18, 2014 5:57 AM
    Only small fries with that? McDonald’s in Japan is limiting the serving size of fries as stocks run short due to labor disruptions on the U.S. West Coast. McDonald’s began rationing its fries Wednesday morning.

     
  • Jeb Bush said to end Barclays advisory role at end of year Dec 18, 2014 12:52 PM
    Former Florida Governor Jeb Bush will give up his senior adviser role at Barclays Plc at the end of the year after announcing he may run for the Republican presidential nomination in 2016, according to a person with knowledge of the matter. The decision, reached mutually, will allow him to focus on politics, said the person, who asked not to be identified because he wasn’t authorized to speak publicly. Barclays Chief Executive Officer Antony Jenkins, 53, has cut thousands of jobs as he shrinks the London-based lender’s investment bank to boost profits. The CEO’s pledge to overhaul the bank’s culture after the company was fined for interest-rate manipulation has been set back by probes into equity and currency trading. The shares have declined 14 percent this year. Bush, 61, is the brother of former President George W. Bush and the son of former President George H.W. Bush. In 2007, Lehman Brothers Holdings Inc. named Jeb Bush as a member of its private-equity advisory board. The Financial Times reported yesterday that Bush would be leaving Barclays at the end of the year. (An earlier version of this story corrected description of Bush in the first paragraph.) To contact the reporter on this story: Stephen Morris in London at smorris39bloomberg.net To contact the editors responsible for this story: Edward Evans at eevans3bloomberg.net Christine Harper, Simone Meier

     
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