In September, German prosecutors searched offices and residences linked to Maple Bank in a probe of serious tax evasion and money laundering connected to so called dividend stripping trades. Bafin said in a statement that once Maple Bank made some necessary tax provisions, over-indebtedness loomed. German daily Sueddeutsche Zeitung reported on Sunday...» Read More
CONCORD, N.H.-- Public policy experts estimate that New Hampshire could net more than $50 million a year if it builds a casino in the southern part of the state. Moore, a 43- year-old sales manager from Seabrook, gambles at Connecticut casinos about four times a year, dropping roughly $250 per visit.
LOS ANGELES-- Federal regulators failed to pursue recalls after they found cadmium-tainted jewelry on store shelves, despite their vow to keep the toxic trinkets out of children's hands, an Associated Press investigation shows.
BAGHDAD-- Two Emirati energy companies producing natural gas in Iraq's Kurdish region say they have boosted output to the equivalent of 80,000 barrels of oil a day. Dana Gas and Crescent Petroleum said Sunday that production after four years of operation stands at 340 million cubic feet of gas a day and 15,000 barrels a day of condensed liquid gas.
CHARLESTON, S.C.-- For the past several weeks, James Phillips and Jeff Marshall have been up before dawn streaks the sky, taking their 24- foot research boat to a ramp on Charleston Harbor. The work by the Coastal Carolina University researchers is all part of a sheaf of studies needed for a planned $300 million deepening of the Charleston Harbor shipping channel.
ROME-- Italy's justice minister is warning that rampant corruption by politicians' pilfering public funds is reaching unprecedented levels, just as the government is demanding sacrifices from its citizens to keep the country from succumbing to the European debt crisis.
BERLIN-- A Swiss newspaper is reporting that UBS, the country's largest bank, is set to cut some 2,000 jobs in its IT-department as part of a major cost-cutting drive.
WASHINGTON-- Social Security recipients shouldn't expect a big increase in monthly benefits come January. This year, Social Security recipients received a 3.6 percent increase in benefits after getting no increase the previous two years.
WASHINGTON-- Social Security recipients shouldn't expect a big increase in monthly benefits come January. Monthly benefits for retired workers average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month. This year, Social Security recipients got 3.6 percent increase in benefits.
ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.
ANKARA, Turkey-- Turkey's state-run news agency says passengers, some in a panic, were evacuated from a plane at the Antalya airport after reports of a cockpit fire. The Anadolu Agency says the crew detected smoke on the Trondheim, Norway- bound plane as it readied for take-off early Sunday.
LONDON-- Britain's defense ministry announced Sunday that it is investigating whether retired senior officers broke any rules after they were recorded by undercover journalists as appearing to offer to lobby the government on behalf of defense companies. Richard Dannatt and former defense procurement chief Lt.
WASHINGTON-- A New Mexico food company that produced the peanut butter linked to an outbreak of salmonella poisoning has expanded an ongoing recall of its products to include raw and roasted peanuts.
VILNIUS, Lithuania-- Voting precincts have opened in Lithuania, with opposition leftists and populists expected to vie for victory over the unpopular conservative government that took over four years ago as the Baltic country slid into a deep recession.
Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. Bernanke's speech in Tokyo was at a conference sponsored by the Bank of Japan and the International Monetary Fund.
TOKYO-- China's central bank governor says the Chinese currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention.
LOS ANGELES-- Union picketing has brought a temporary halt to second-season production of the NBC reality show " Fashion Star." About 70 members of the International Alliance of Theatrical Stage Employees picketed the show Saturday at Hollywood Center Studios, prompting producers to cancel a taping and dismiss a studio audience.
TRENTON, N.J.-- A pet food company is voluntarily recalling dog treats that could be contaminated with salmonella.
MADRID-- Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday. With unemployment nearing 25 percent, Spain has introduced biting austerity measures as well as financial and labor reforms in a desperate bid to lower its deficit and assuage investors' misgivings.
PORTSMOUTH, Ohio-- Mitt Romney is attacking the Obama administration for delaying a decision about whether China is manipulating its currency to gain a trading edge. The GOP presidential nominee says that on his first day in office, he'll brand China a "currency manipulator" and work to end what he calls Beijing's cheating practices on trade.
While Virginia escaped the worst of the recession _ unemployment peaked at 7.3 percent _ uneasiness about the future is in the air. For good reason: The state's fortunes are tied to the outcome of the deficit debate on Capitol Hill and its outcome could dramatically alter its economy. Virginia is home to the Pentagon, the CIA, Naval Station Norfolk, Fort A.P.