Thursday, December 1, 2022

Latest News

  • US $1.83 billion arms sales for Taiwan draws China’s ire

    WASHINGTON — The Obama administration announced a $1.83 billion arms sale to Taiwan on Wednesday, drawing an immediate rebuke and threats of retaliation from Taipei’s rival Beijing. By The Associated Press The arms package is the first...

    • Posted December 18, 2015
  • Fed rate rise welcomed in stock markets around the world

    LONDON — Global stock markets surged Thursday as the Federal Reserve’s decision to raise interest rates for the first time in nearly a decade ended a period of uncertainty that had been roiling investors for the past...

    • Posted December 18, 2015
  • Washington state sues firm, alleges tech support scam

    SEATTLE — Washington state sued one of the world’s largest independent tech support companies Wednesday, saying it routinely scams customers into buying software and services they don’t need. By The Associated Press Attorney General Bob Ferguson filed...

    • Posted December 18, 2015
  • Biden bid on cancer research gets boost in spending deal

    WASHINGTON — Vice President Joe Biden’s self-described “moonshot” to cure cancer is getting a modest boost from a congressional deal on federal spending. By The Associated Press The spending-and-taxes package moving through Congress includes a $2 billion...

    • Posted December 18, 2015
  • Swiss market regulator bans 6 ex-UBS managers, traders

    GENEVA — Switzerland’s market supervisor has banned six former managers and traders at UBS AG from working in the sector for up to five years, punishment for their involvement in the manipulation of currency markets. By The...

    • Posted December 18, 2015
  • Survey: German businesses more pessimistic in December

    BERLIN — A closely watched survey shows German executives were slightly more pessimistic than expected in December. By The Associated Press The Ifo institute said Thursday its business climate index for December fell to 108.7 points, performing...

    • Posted December 18, 2015
  • Threats sent to schools in South Florida, Houston

    MIAMI — Students in Miami, Fort Lauderdale, Houston and Dallas were heading to school Thursday, hours after school officials in those cities said they received threats similar to the ones received by the Los Angeles and New...

    • Posted December 18, 2015
  • US rate hike ends wait, but not uncertainty for Asia

    TOKYO — The Federal Reserve’s rate hike was welcomed in Asia as a sign of strength in the U.S., one of the region’s biggest export markets. By The Associated Press But it could complicate Chinese efforts to...

    • Posted December 18, 2015
  • France’s Orange fined $381 million by competition authority

    PARIS — Telecommunications group Orange SA has been fined 350 million euros ($381 million) for abusing its market dominance in France. By The Associated Press Orange said it would adapt its practices based on Thursday’s ruling by...

    • Posted December 18, 2015
  • Rumors fly as mystery shrouds buyers of Las Vegas newspaper

    LAS VEGAS — The ownership mystery surrounding the sale of the Las Vegas Review-Journal has captured the attention of the media industry as the newspaper’s staff and some politicians demand to know the identity of the new...

    • Posted December 18, 2015
  • Israeli prime minister signs landmark gas deal

    JERUSALEM — Israeli Prime Minister Benjamin Netanyahu has signed a landmark deal with U.S. and Israeli gas companies to develop Israel’s offshore gas deposits, despite months of protest by liberal lawmakers and environmentalists. By The Associated Press...

    • Posted December 18, 2015
  • The advice from financial pros: Don’t panic over Fed hike

    Richard Jones, a wealth adviser in Los Angeles, has one word for clients who worry about the potential impact of the Federal Reserve’s first interest-rate increase in nine years: By The Associated Press Relax. “We’re telling clients...

    • Posted December 18, 2015
  • US-Cuba reach flight deal to jumpstart lagging business ties

    HAVANA — The United States and Cuba have struck a deal to restore regular airline flights, jumpstarting economic relations that have languished despite a year of rapid progress on the diplomatic front, U.S. and Cuban officials said...

    • Posted December 18, 2015
  • Weekly Comment on Puerto Rico Stocks

    BY JOSÉ L. CARMONA Plunging crude-oil prices sent stocks sharply lower last Friday, with the Standard & Poor’s (S&P) 500 Index ending its worst week in five months. The drop in oil increased investors’ concerns about weakness...

    • Posted December 17, 2015