ATHENS, July 4- They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. But few of them appear ready to forgo their trademark iced coffee, freddo or frappe, which can cost anywhere between 2 and 4.5 euros in downtown...» Read More
NEW YORK-- Experts say there are many ways funguses could have gotten inside the Massachusetts pharmacy at the center of the nation's deadly outbreak of fungal meningitis.
TALLAHASSEE, Fla.-- Florida Attorney General Pam Bondi is refusing to back down in her feud with the GOP- controlled Legislature when it comes to $300 million intended to help homeowners. She did not ask for spending approval over the state's share of a national $25 billion settlement with five of the nation's largest mortgage lenders.
LOS ANGELES-- News Corp. managed to avoid rowdy protests at its annual shareholders meeting, but that didn't stop stockholders from voicing complaints about the grip founder and CEO Rupert Murdoch and his family have on the company.
HARRISBURG, Pa.-- The ratings agency Standard& Poor's has revised Penn State University's outlook to negative from stable, citing litigation against the school over the Jerry Sandusky child molestation scandal, but affirmed its long-term bond rating.
WASHINGTON-- More than 56 million Americans on Social Security will get raises averaging $19 a month come January, one of the smallest hikes since automatic adjustments for inflation were adopted in 1975, the government announced Tuesday.
Former American Airlines baggage handler Victor Bourne was found guilty last year of charges he used his behind-the-scenes access at New York City's busiest airport to orchestrate the smuggling of more than 330 pounds of cocaine from 2000 to 2009.. District Judge Nicholas Garaufis said at the sentencing in federal court in Brooklyn.
The stock market is closing with its biggest gain in a month following strong earnings from Mattel, Johnson& Johnson and other big companies. Mattel jumped 5 percent after reporting that brisk sales of American Girl dolls and Fisher-Price toys sent the company's profit well above analysts' forecasts.
SAO PAULO-- The Inter American Press Association says violence and authoritarian governments are the main problems independent press outlets face in Latin America. It says that in the past six months 13 journalists have been murdered in Mexico, Honduras, Brazil, and Ecuador "for the simple fact that they were doing their work."
DALLAS-- Federal health officials say a Dallas- based meat distributor is recalling about 8,200 pounds of beef and pork products because they weren't inspected and were improperly labeled.
LOS CABOS, Mexico-- Hurricane Paul weakened to a Category 1 storm as it raced toward landfall Tuesday on a sparsely populated stretch of Mexico's southern Baja peninsula.
PRINCE GEORGE, Va.-- An advanced manufacturing research center in Virginia's Prince George County is getting a new partner. Officials say Hermle Machine Company has joined the Commonwealth Center for Advanced Manufacturing as an industry member.
PROFIT POPS: The Coca-Cola Co. says its profit rose 4 percent in the third quarter, although revenue came in shy of Wall Street expectations. FOREX FALLS FLAT: The company's revenue rose 1 percent for the period as it was hit by unfavorable currency exchange rates.
SAN FRANCISCO-- Wells Fargo is forming a new markets division within its investment banking business that aligns services for traders as the nation's biggest mortgage lender reckons with its bigger Wall Street counterparts. Wells Fargo& Co., which is based in San Francisco, is combining investment sales and trading operations under common leadership.
NUTS ABOUT FRUIT: A mild winter and a bumper crop of nuts have caused an explosion in the squirrel population in parts of the country, besieging fruit growers with their ravenous appetites, littering highways as roadkill, and keeping pest control experts busy.
SWEET TOOTH: The price of cocoa surged 3 percent as new, positive signs for the U.S. economy are raising hopes that consumers may splurge on more chocolate confections in the months ahead. BRIGHT SPOTS: New reports showed consumer price increases were tame in September. Builder confidence improved in October.
DALLAS-- Tenet Healthcare Corp. said Tuesday that it completed its private offering of $500 million of its 4.75 percent senior secured notes due 2020 and $300 million of its 6.75 percent senior notes due 2020.. The Dallas- based hospital operator plans to use the proceeds to buy its 7.375 percent senior notes due 2013 through a tender offer.
PITTSBURGH-- Pennsylvania's Supreme Court heard arguments Tuesday in a natural gas case that could create chaos for major energy companies and thousands of leaseholders. The Powers estate claims that the reference to "minerals" in the old deed gives them part ownership of the natural gas locked in the Marcellus Shale under the property.
ANOTHER UP DAY: Stocks rose for the second day in a row, helped by stronger-than-expected earnings from companies including Mattel and Goldman Sachs. ECONOMIC NEWS: The government said September inflation was low, with most increases because of gasoline prices, which have come down since then.
NEW YORK-- The Coca-Cola Co. and Sanofi are partnering to launch a line of "beauty drinks" in France. The Coca-Cola business unit in France said in a statement that the drinks will be sold in a "small scale pilot" limited to a number of pharmacies in the country.
Cocoa for December delivery rose $64 to finish Tuesday at $2,418 per metric ton. Looking ahead, we're looking for demand to steadily increase, " Vision Financial Group analyst Boyd Cruel said. In addition, the National Association of Home Builders said its survey of builder confidence rose in October to the highest level since June 2006.