"There is a reasonable basis for the Board to have a high level of confidence in the professional and ethical conduct of Port Authority personnel, and that the Port Authority is conducting its business in a manner that ensures public confidence."» Read More
RUSSIAN PRESIDENT PUTIN TELLS RUSSIAN TV HE HAS GOOD PERSONAL RELATIONS WITH INCOMING NATO CHIEF STOLTENBERG.
PERTH, Australia— A Malaysian official on Saturday asked the world to "pray hard" for a clue to help find Flight 370, while authorities said a robotic submarine was expected to finish searching a patch of the Indian Ocean seabed within a week after so far coming up empty.
An indefinite extension of the government's review of the contentious oil pipeline, announced late Friday by the State Department, almost certainly pushes a final decision past the November elections, keeping the project in a politically expedient holding pattern.
WASHINGTON— People who have accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the confounding Heartbleed Internet security flaw.
An executive under investigation for suspected corruption has been sacked as chairman China Resources Holdings the Xinhua news reported.
WASHINGTON, April 18- The U.S. government launched on Friday a probe into allegations that cheap imports of Mexican sugar are causing nearly $1 billion in damages in the local market, even as the Mexican representatives made a formal rebuttal of the accusations.
PALMDALE, Calif.— Boeing Co. will pay $47 million to hundreds of current and former Southern California employees who are owed back pay and benefits, a union announced Friday.
NEW YORK, April 18- A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.
The city of Providence, Rhode Island, is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The federal complaint was filed Friday in New York on behalf of city investment funds that traded stocks in the U.S. since April 18, 2009.
NEW YORK, April 18- Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets.
SALT LAKE CITY— An airplane that mysteriously ended up in Iran is registered to a Utah bank under an arrangement for aviation ownership that has prompted two warnings from a government watchdog in the past year.
President Barack Obama has said he will have the final say on whether to allow the pipeline connecting Canada's oil sands region to Texas refiners, and several government agencies had been given until May to weigh in.
April 14- Mark Karpeles, the chief executive of Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury's Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. The court papers also said a Japanese court had been informed of the issue and that a hearing was scheduled on Tuesday in Japan.
*Japan, U.S. say big differences remain on key issues. *Negotiators meet again on Monday before U.S.- Japan summit. Breaking a U.S.- Japan deadlock over access to Japan's farm and auto markets is seen as key to finalising the Trans-Pacific Partnership, a 12- nation trade bloc that would stretch from Asia to Latin America.
PHOENIX— Among the major issues left to cover at the Arizona Legislature before the session ends is how to regulate the increasingly popular ridesharing programs like Uber and Lyft. The Senate on Monday is expected to debate a bill that aims to regulate Uber and others.
WASHINGTON— Figures on government spending and debt.
DALLAS— A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. On Friday, U.S. Bankruptcy Court Judge Sean Lane in New York rejected a request made by American's former parent, AMR Corp., for the right to immediately eliminate retiree benefits for former pilots, flight attendants and other union workers.
NEW YORK, April 18- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged.
WASHINGTON, April 18- Next week's meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe is a good opportunity to give impetus to trade negotiations but will not seal a deal, a senior U.S. administration official said on Friday.
NEW YORK— In a story April 17 about restaurant sales, The Associated Press reported erroneously that the average sales in a Starbucks location in 2013 was $13.1 million. NEW YORK— Chipotle restaurants are ringing up more sales than ever before.