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European Stocks Fall as Greek Debt Plight Looms

Tuesday, 26 May 2015 04:28 Written by
European shares fell Tuesday as markets reopened after holidays in several countries, as concerns over Greece's debt crisis overshadowed news from China of support for new infrastructure projects. KEEPING SCORE: Germany's DAX sank 0.8 percent to 11,720.64 and France's CAC 40 dropped 0.6 percent to 5,085.84. Britain's FTSE 100 lost 0.6 percent to 6,986.48. Wall Street was poised for a weak post-Memorial Day holiday start. Dow futures were down 0.3 percent at 18,168.00. S&P
Five killed in Texas and Oklahoma floods, Houston on alert
Tuesday, 26 May 2015 00:46 Written by
SAN ANTONIO Texas Governor Greg Abbott on Monday likened the ferocity of flash flooding that killed at least three people to a tsunami, and authorities said a dam had given way in a state park. Abbott declared states of disaster in 24 counties and flew over the area south of Austin to assess the damage caused by tornadoes, heavy rainfall, thunderstorms and flooding that forced evacuations and rooftop rescues and left thousands of residents without…
Homicide probe to be launched into B.B. King's death: officials
Tuesday, 26 May 2015 00:32 Written by
Nevada officials said on Monday they would conduct a homicide investigation into the death of B.B. King who died this month at age 89, after two of his daughters leveled accusations that the blues great was murdered. The Clark County, Nevada coroner's office said in a posting on Twitter that it had taken jurisdiction over King's body, and that autopsy results would take a minimum of six to eight weeks. "Our coroner takes jurisdiction over…
Asia Stocks Gain as China Announcements Spur Shanghai
Monday, 25 May 2015 23:42 Written by
Asian stocks were mostly higher Monday on a quiet trading day with Hong Kong, Wall Street and London closed for holidays. KEEPING SCORE: In early trading, France's CAC-40 lost 0.7 percent to 5,107.28 points. London and Frankfurt were closed for holidays. Wall Street is closed Monday for Memorial Day. Among Asian markets, the Shanghai Composite Index surged 3.4 percent to 4,813.80 and Tokyo's Nikkei 225 was up 0.7 percent at 20,413.77. Sydney's S&P/ASX 200
Owner of pressure cooker in Washington bomb scare apologizes
Monday, 25 May 2015 17:53 Written by
U.S. authorities on Sunday blew up a pressure cooker found in a vehicle parked near the U.S. Capitol and later arrested the vehicle's owner. Pressure cooker bombs were used to kill three people and injured more than 250 others at the Boston Marathon in April 2013. U.S. Capitol Police officers‎ on routine patrol found the suspicious vehicle on 3rd Street across from the Capitol's west lawn, spokeswoman Lt. Kimberly Schneider said. They found the pressure…
Death Toll From Defective GM Ignition Switches Rises to 107
Monday, 25 May 2015 17:47 Written by
The death toll from faulty ignition switches in small cars made by General Motors has reached 107. Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. In addition, GM has agreed to make offers to 199 people who were injured in crashes caused by the switches in the Chevrolet Cobalt and other older-model cars. GM recalled 2.6 million of the
Plane safe? Hacker case points to deeper cyber issues
Monday, 25 May 2015 16:18 Written by
Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit. Other security researchers say Roberts - who was quoted by the FBI as saying he once caused "a sideways movement of the plane during a flight" - has helped draw attention to a wider issue: that the aviation industry has not kept…
Bears release McDonald amid domestic violence arrest
Monday, 25 May 2015 16:18 Written by
The Chicago Bears have released Ray McDonald after the defensive tackle was arrested on Monday for misdemeanor domestic violence and child endangerment charges. The 30-year-old McDonald, who has been involved in a string of domestic assault incidents, was arrested in Northern California for physically assaulting a woman "while she was holding a baby," according to a Santa Clara police statement. McDonald left the residence before police arrived but was later located and arrested in San…
Charter Nears Deal for Time Warner Cable
Monday, 25 May 2015 15:41 Written by
Charter Communications is close to buying Time Warner Cable for about $55 billion, say two people familiar with the negotiations. The people spoke on condition of anonymity because of the private nature of the deal talks. One of the people says the deal will be announced early Tuesday morning. Charter had wanted to buy Time Warner Cable earlier, but Time Warner Cable chose a $45 billion offer from Comcast instead. Comcast walked away from
Cleveland, U.S. Justice Department reach settlement over police: New York Times
Monday, 25 May 2015 15:35 Written by
WASHINGTON Cleveland has reached a settlement with the U.S. Justice Department over what federal authorities said was a pattern of unconstitutional policing and excessive use of force, the New York Times reported on Monday. The settlement could be announced as early as Tuesday, the newspaper said, citing people briefed on the matter. The settlement would come days after a judge declared a white Cleveland police officer not guilty in the shooting deaths of an unarmed…
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