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Articles filed under Nation/World

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  • Russia delays McDonald’s suit Sep 11, 2014 8:28 AM
    A Moscow court delayed hearing a case filed by the consumer-safety regulator against McDonald’s Corp. for a month as the U.S. fast-food chain defended the calorie count it publishes for its food. The watchdog, at a hearing today in the Tverskoy district court in Moscow, called for McDonald’s to publicly acknowledge it had understated the caloric value of its burgers and milkshakes.

     
  • Pistorius not guilty of murder but was negligent Sep 11, 2014 7:23 PM
    During his trial, Oscar Pistorius sometimes retched and sobbed. The double-amputee Olympian sobbed again on Thursday, this time in apparent relief as a judge said the evidence did not support a murder conviction for killing girlfriend Reeva Steenkamp. The judge could still convict Pistorius of a negligent killing — a crime that can carry a lengthy jail term or just a suspended sentence and fine — when she likely finishes reading her lengthy conclusions in court on Friday.

     
  • Man convicted in Illinois deaths faces Mo. trial Sep 11, 2014 11:48 AM
    A man already serving life sentences in Illinois for six killings in 2008 will face trial in Missouri on charges that he killed an Arkansas couple that same summer, though a prosecutor said those languishing proceedings likely won’t come anytime soon.

     
  • Average U.S. 30-year mortgage rate at 4.12 percent Sep 11, 2014 10:52 AM
    Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan edged up to 4.12 percent from 4.10 percent last week, where it had stayed for three straight weeks.

     
  • Few critics as Nevada mulls Tesla tax breaks Sep 11, 2014 8:32 AM
    Critics say Nevada lawmakers are gambling with taxpayers’ money, but they clearly were in the minority Wednesday night as legislators moved forward with an unprecedented package of up to $1.3 billion in incentives they hope to approve in the days ahead to bring Tesla Motors’ $5 billion battery factory to the state.

     
  • Facebook says China consumers want service Sep 11, 2014 8:29 AM
    Facebook Inc., operator of the world’s largest social-networking site, said China consumers routinely ask about accessing its services even as a regulator indicated there’s little chance a ban will be lifted. “When I’m in China, I often get asked,” Facebook Vice President Vaughan Smith told a conference sponsored by the World Economic Forum in Tianjin, China, today.

     
  • MasterCard loses fight at top EU court over card-fees Sep 11, 2014 8:31 AM
    MasterCard Inc. lost its final court challenge to a European Union antitrust order for it to cap fees it sets for cross-border card payments in Europe. The EU’s Court of Justice ruled that the fees had unfairly restricted competition and that MasterCard failed to show benefits of the fees to justify its system.

     
  • Twitter seeks up to $1.5 Billion in convertible debt offering Sep 11, 2014 8:33 AM
    Twitter Inc. is tapping debt markets for the first time, with plans to raise as much as $1.5 billion to invest in acquisitions and expansion. The San Francisco-based microblogging company is selling the convertible bonds in two $650 million pieces, one maturing in five years and one coming due in seven years, according to a regulatory filing yesterday. The offering size may rise to $1.5 billion if the banks involved exercise an overallotment option.

     
  • Radioshack says it’s seeking ways to boost cash Sep 11, 2014 8:29 AM
    RadioShack Corp., the struggling electronics retailer, said it’s working with creditors and other parties to get more capital after posting another quarter of plunging same-store sales and mounting losses. The company is in advanced discussions to explore a number of options to revamp its balance sheet, including debt restructuring, a plan to consolidate stores and other measures, according to a statement today.

     
  • Caterpillar’s Petrobras sales boosted by build-in-Brazil policy Sep 11, 2014 10:49 AM
    Peoria-based Caterpillar Inc., the largest maker of diesel and natural gas engines, is increasing sales to state-run Petroleo Brasileiro SA and its suppliers after expanding a Brazilian manufacturing plant. The company has been able to boost sales of its power generators for offshore vessels used by Petrobras, as the Rio de Janeiro-based producer is known,.

     
  • Jaws actor from Bond films Richard Kiel dies at 74 Sep 11, 2014 6:52 AM
    Richard Kiel, the towering actor best known for portraying steel-toothed villain Jaws in a pair of James Bond films, has died. He was 74. The 7-foot-2-inch performer famously played the cable-chomping henchman who tussled with Roger Moore’s Bond in 1977’s “The Spy Who Loved Me” and 1979’s “Moonraker.” Bond quipped of the silent baddie: “His name’s Jaws. He kills people.”

     
  • Feds tighten rules on workplace death reporting Sep 11, 2014 1:23 PM
    The federal government on Thursday moved to tighten its rules on the reporting of workplace deaths and severe injuries, declaring that employers beginning Jan. 1 must report any fatalities within eight hours of the accident or incident. Work-related hospitalizations, amputations or losses of an eye will now have to be reported within 24 hours, under the final rule announced by the Labor Department’s Occupational Safety and Health Administration.

     
  • Toyota recalls pickups to fix air bag problem Sep 11, 2014 1:07 PM
    Toyota is recalling about 140,000 Tundra full-size pickup trucks because a plastic trim piece can interfere with the side air bags. The recall affects Crew-Max and Double Cab versions in the U.S., Mexico and Canada from the 2014 model year. The company said Thursday the trim covering the center pillars behind the front seats may have been installed incorrectly. It could stop air bags from inflating to their intended shape.

     
  • Shekel still ‘too strong’ for Israeli finance minister Sep 10, 2014 8:13 AM
    A weaker shekel would benefit Israel’s economy, Finance Minister Yair Lapid said. The currency is “too strong still” even after declining more than 5 percent since late July, Lapid, 50, said in an interview in his Tel Aviv office yesterday. “We think a shekel around 3.7-3.8 would be good for industry, good for Israeli high tech, good for the economy, good for growth.”

     
  • Fed weighs change to rate guidance in quest for more flexibility Sep 10, 2014 8:14 AM
    Federal Reserve officials are considering whether to alter their guidance on the likely path of interest rates to give them more flexibility to react to changes in the economy. The Fed has said since March that its benchmark rate would stay low for a “considerable time” after it completes monthly bond buying intended to boost growth.

     
  • Official: Fighting in Iraq delays Iran gas exports Sep 10, 2014 8:14 AM
    Iran’s oil minister says the fighting between Iraqi troops and Islamic State militants will delay the planned start of natural gas exports to neighboring Iraq. Bijan Zanganeh is quoted on the ministry’s official website on Wednesday as saying that the “upheaval in Iraq is postponing the exports.”

     
  • Kerry, Iraqi PM embrace unity to defeat insurgency Sep 10, 2014 8:53 AM
    With a new Iraqi government finally in place and a growing Mideast consensus on defeating insurgent threats, U.S. Secretary of State John Kerry pressed Iraq’s Shiite leader on Wednesday to quickly deliver more power to wary Sunnis — or jeopardize any hope of defeating the Islamic State group.

     
  • Uber drivers accused of snubbing blind, ditching dog in trunk Sep 10, 2014 8:15 AM
    Uber Technologies Inc. drivers have refused to transport blind people who use guide dogs, an advocacy group claimed in a civil rights lawsuit that cites one instance of a dog being forced into the trunk.

     
  • Thousands flee as Pakistan floods spread to plains Sep 10, 2014 9:35 AM
    Thousands of people fled their homes in Pakistan on Wednesday as monsoon flooding that has already inundated the disputed Himalayan region of Kashmir coursed down onto the plains, causing a major river to breach its banks.

     
  • Suspect in quadruple killings says he didn’t do it Sep 10, 2014 9:35 AM
    The suspect in the Florida deaths of his ex-girlfriend, her new boyfriend and her parents said in a jailhouse interview he was just in the wrong place at the wrong time.

     
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