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  • WASHINGTON, Dec 9- A former Connecticut resident and Chinese citizen who allegedly worked on the F135 engine was charged with trying to take sensitive documents about military technology to China, according to a criminal complaint unsealed on Tuesday. Yu Long was en route to China in November via Newark Liberty International Airport in New Jersey where...

  • LOS ANGELES, Dec 9- Sony Corp's movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cybersecurity experts who have studied past breaches. The tab will be less than the $171 million Sony estimated for the breach of its Playstation Network in 2011 because...

  • BRASILIA, Dec 9- Brazil's prosecutor-general Rodrigo Janot on Tuesday called for the replacement of state-controlled oil company Petrobras' top management and punishment of everyone involved in a scheme to funnel kickbacks from contracts to politicians. Janot made his strongest comments so far on Brazil's latest corruption scandal as federal...

  • Treasury Secretary Jack Lew on Tuesday said lawmakers should not delay reauthorization of a federal terrorism insurance program over disagreements on "unrelated financial regulatory issues." Lew said in a letter to U.S. Senator Chuck Schumer, a Democrat who has been negotiating over the insurance program, that there is little time before it expires at the end...

  • *Political uncertainty in Greece spooks some. *China inflation data next in focus. Spooking markets, political uncertainty in Greece appeared to have reignited worries about Europe, prompting a flight to safety into U.S.

  • ALGIERS, Dec 9- OPEC may still hold an emergency meeting before its June session to discuss how to tackle a surplus in global oil supplies and a drop in prices, Algeria's energy minister said on Tuesday. "We will continue our efforts through dialog with OPEC and non- OPEC producers to remove a surplus estimated at 2 million barrels per day," Youcef Yousfi told state...

  • NEW YORK, Dec 9- Global equity markets fell on Tuesday after China's market posted its worst day in five years and political turmoil hit Greece, while the U.S. Greece's equity market slumped nearly 13 percent on political unrest, while Brent crude, which has fallen more than 40 percent in the last six months, slipped to a five-year low of $65.29 a barrel on worries...

  • Dec 9- Standard Chartered will face another three years of scrutiny for compliance with U.S. standards related to sanctions against certain countries, according to documents filed on Tuesday that also noted another probe of the bank is underway. The original agreements, struck with the U.S. Justice Department and the Manhattan district attorney over the...

  • Dec 9- Yum Brands Inc lowered its profit forecast for the year for the second time, hurt by slower-than-expected sales recovery in China following a food safety scare in July. A television report early July showing improper meat handling by supplier Shanghai Husi Food scared away customers in China, Yum's biggest market by sales. U.S.-based fast-food chains...

  • OTTAWA, Dec 9- Prime Minister Stephen Harper said on Tuesday it would be crazy for Canada to impose regulations on the oil and gas industry to reduce greenhouse gases without simultaneous action from the United States, given the steep decline in oil prices. "The prime minister confirmed that he is in fact breaking his promise to regulate the oil and gas sector," New...

  • WASHINGTON, Dec 9- Congressional negotiators raced on Tuesday to wrap up final policy disputes over a $1.1 trillion spending bill as a midnight Thursday deadline to avert a U.S. government shutdown drew closer. House of Representatives Republicans were prepared to pass a short-term funding extension of one to two days if necessary to forestall a shutdown, as...

  • CARACAS, Dec 9- Venezuela has uncovered at least $3 million in cash hidden under the false bottom of a Ford truck that arrived on a Lebanese-flagged ship from Miami. "Preliminary information shows that the money discovered is at least 3 million dollars in small denominations," AVN said, adding that the state prosecutor's office will charge the man "responsible" for...

  • WASHINGTON, Dec 9- A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday. New drilling technologies such as' fracking' have unlocked an abundance of fossil fuels from shale deposits and the...

  • CHICAGO, Dec 9- Public labor unions and others challenging a 2013 law aimed at easing Illinois' pension burden objected on Tuesday to a fast-tracking of the state's appeal of a lower court's ruling that the law is unconstitutional. State Attorney General Lisa Madigan last week asked the Illinois Supreme Court to speed up the appeal of Sangamon County Court...

  • UPDATE 1-Detroit set to exit bankruptcy on Wednesday Tuesday, 9 Dec 2014 | 4:56 PM ET

    Dec 9- Detroit's odyssey through the biggest-ever U.S. municipal bankruptcy will end on Wednesday when the city's debt adjustment plan will take effect, Michigan Governor Rick Snyder's office said on Tuesday. In a letter, Snyder accepted Detroit Emergency Manager Kevyn Orr's declaration that the city's financial emergency is over and that it was time for his...

  • WASHINGTON, Dec 9- The U.S. Congress is expected this week to put off until 2015 any decisive action on a tangle of Internet tax issues, including online access taxes and online state sales taxes. "What we're looking at is kicking the can down the road and putting this issue into 2015," said Clay Brockman, an analyst at Height Securities. A $1.1- trillion stopgap...

  • NEW YORK, Dec 9- A former manager and a former computer programmer at Bernard Madoff's firm were sentenced to prison on Tuesday for helping the convicted fraudster run a multi-billion dollar Ponzi scheme. The judge also ordered Bongiorno and O'Hara to forfeit a symbolic $155 billion and $19.7 billion, respectively, jointly with other defendants who worked at...

  • NEW YORK, Dec 9- Strong investor demand lifted American Eagle Silver Bullion coin sales to a record for the second straight year, the U.S. Silver Bullion coin sales have reached 42.9 million coins so far this year, up from the previous record 42.7 million coins last year, the U.S. The coin sales on Dec. 8 reached 495,500, lifting them above the 2013 record, the Mint said.

  • WASHINGTON, Dec 9- The United States confirmed steep import duties on Chinese chemicals used in sanitizing water on Tuesday after a complaint the products were unfairly subsidized and sold too cheaply in U.S. markets. The companies the duties will hit include China Petrochemical International, a subsidiary of Sinopec Corp, Hubei Dinglong Chemical Co, Tianjin...

  • Dec 9- Yum Brands Inc lowered its. profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July. A television report in early July showed improper meat handling by a supplier, Shanghai Husi Food, scared away customers in China, Yum's biggest market by sales.