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  • Daytona Beach, Florida- based iGun Technology Corp. has been developing a "smart gun," a firearm that uses a ring with a chip in it to send a signal to a circuit board embedded in the firearm so that only an authorized user can fire the gun. Armatix GmbH of Unterfoehring, Germany, has developed a handgun that uses a watch that sends signals to the handgun.

  • DAYTONA BEACH, Fla.— Jonathan Mossberg is among a small number of pioneers looking to build a safer gun. But unlike many others, he was in the gun business when he started down that path. Mossberg's iGun Technology Corp., based in Daytona Beach, Florida, relies on a simple piece of jewelry— a ring— that "talks" to a circuit board imbedded in a firearm to let it know the user is...

  • NEW YORK— Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors. Alejandro Garcia Padilla said Monday Puerto Rico did not make a debt payment of nearly $370 million and called on...

  • May 2- Magnum Hunter Resources Corp and its founder Gary Evans are emblematic for the U.S. shale revolution: it started small, borrowed heavily to snap up land and rivals and then crumbled under the weight of debt when prices crashed. With little chance of seeing hundreds of millions of dollars in debt repaid, creditors including Goldman Sachs, Highbridge Capital...

  • SEATTLE— Seattle police used pepper spray to disperse black-clad anti-capitalist protesters authorities say threw rocks, flares, bricks and Molotov cocktails at officers during a rowdy May Day gathering. The clashes in Seattle followed a peaceful march in the city earlier in the day by advocates for workers and immigrants, just one of several events in...

  • NEW YORK— Puerto Rico's debt crisis reached a new level late Sunday, when the island's governor said Puerto Rico would not pay most of its $470 million in debt payments that are due by Monday. The development comes as Congress has so far been unable to pass a debt restructuring bill for Puerto Rico. This default is by far the largest by Puerto Rico, who has been...

  • Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a liquidity crunch, New York Federal Reserve President William Dudley said on Sunday. "Providing these firms with access to the discount window might be worth exploring," Dudley said in prepared remarks at a financial markets...

  • ASBURY PARK, N.J.— In the Jersey shore city that gave Bruce Springsteen's debut album its name, owners of the first new hotel to open there in more than 50 years hope they can convince locals and tourists alike that what was once considered a slum by the sea is now a destination with a bright future. Designer Anda Andrei and hotel operator David Bowd have transformed...

  • Daytona Beach, Florida- based iGun Technology Corp. has been developing a "smart gun," a firearm that uses a ring with a chip in it to send a signal to a circuit board embedded in the firearm so that only an authorized user can fire the gun. Armatix GmbH of Unterfoehring, Germany, has developed a handgun that uses a watch that sends signals to the handgun.

  • DAYTONA BEACH, Fla.— Jonathan Mossberg is among a small number of pioneers looking to build a safer gun. But unlike many others, he was in the gun business when he started down that path. Mossberg's iGun Technology Corp., based in Daytona Beach, Florida, relies on a simple piece of jewelry— a ring— that "talks" to a circuit board imbedded in a firearm to let it know the user is...

  • SEATTLE— Seattle police used pepper spray Sunday evening to disperse black-clad anti-capitalist protesters authorities say threw rocks, flares, bricks and Molotov cocktails at officers during a rowdy May Day gathering. The clashes in Seattle followed a peaceful march in the city earlier in the day by advocates for workers and immigrants, just one of several...

  • PANAMA CITY— Panama's government established a committee of independent experts Friday to make recommendations on cleaning up the country's financial system, after leaks of documents from a Panamanian law firm caused an international uproar over offshore accounts. President Juan Carlos Varela called for the review after the "Panama Papers" leak...

  • The Federal Aviation Administration earlier this month authorized the Northeast Region Unmanned Aircraft System unit in Grand Forks to fly anywhere in the country. Alan Frazier, the chief pilot and architect of the unmanned aircraft program for the Grand Forks unit, said the agency's pilots and sensor operators are able and willing to hop on a plane with its...

  • MIAMI— The makeup industry is trying to convince women that looking good on the outside starts from within— but it's unclear whether the products they're trying to hawk are safe and effective. Big-name beauty companies and retailers including Sephora and Urban Outfitters are rolling out pills and drinkable liquids loaded with exotic herbs, vitamins, seeds,...

  • MIAMI— Royal Caribbean Cruises said Friday that its first-quarter profit more than doubled from the same period a year before as more people cruised on its ships and spent more money while onboard. Royal Caribbean said its ships carried more than 1.4 million on its ships during the three months ending March 31, up 5 percent from the same period a year ago.

  • WINTER SPRINGS, Fla. _ IRadimed Corp. on Friday reported first-quarter earnings of $2.3 million. IRadimed expects full-year earnings in the range of 88 cents to 90 cents per share, with revenue ranging from $39 million to $40 million. IRadimed shares have declined 44 percent since the beginning of the year.

  • WASHINGTON— The Senate on Thursday confirmed President Barack Obama's nominee to be U.S. ambassador to Mexico, clearing the way for the first woman to hold what is considered to be one of the country's most important diplomatic posts. Roberta Jacobson was confirmed by voice vote nine months after her nomination. Marco Rubio, R- Fla., had been blocking her...

  • STUART, Fla. _ Seacoast Banking Corp. of Florida on Thursday reported first-quarter net income of $3.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share. Three analysts surveyed by Zacks expected $37.3 million.

  • MIAMI _ Vector Group Ltd. on Thursday reported first-quarter profit of $19.3 million. The Miami- based company said it had profit of 16 cents per share. Keywords: Vector Group, Earnings Report.

  • Express Scripts, the nation's largest pharmacy benefit manager, is discussing the changes with its customers at an annual meeting in Florida today, Chief Medical Officer Steve Miller said in an interview. Last year, the sudden 5000 percent price hike by Turing Pharmaceuticals for Daraprim, an anti-infective treatment for a rare disease, caught hospitals and...