SHANGHAI, March 27- Officials from Haikou city, the capital of China's southern island province of Hainan, have formally requested provincial aid in repaying municipal debts, media reported on Thursday. Haikou city is having trouble servicing its debt and has asked that the provincial government use one-third of the quota allocated to Hainan under a recently...» Read More
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.
NECC was founded in 1998 by Barry Cadden and Gregory Conigliaro as a compounding pharmacy, a laboratory that custom-mixes solution, creams and other medicines in dosages and forms that often are unavailable from pharmaceutical companies.
LONDON-- Supporters of Occupy have gathered outside St. Paul's Cathedral to mark the first anniversary of the anti-corporate movement's now-dismantled protest camp.
BERLIN-- Germany's chancellor says she thinks debt-laden Greece is making progress in implementing reforms and austerity measures "step by step." Angela Merkel said in her weekly video podcast published Saturday that Greece's progress is slower than hoped "but on this matter we should always give Greece another chance."
WASHINGTON-- President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler. Automakers are large employers in Ohio, one of the pivotal states in the race between Obama and Republican Mitt Romney.
WASHINGTON-- Good luck figuring out whether Republican presidential candidate Mitt Romney would cut or raise your taxes if he's elected president. President Barack Obama promises tax reform, too, but precious little detail.