RIVERSIDE, Calif.— A Southern California UPS driver has been arrested after federal agents say he stole dozens of guns to sell them on the black market. Authorities say 36- year-old Curtis Hays, of Rancho Cucamonga, was arrested Friday. A federal indictment this week alleges that Hays stole packages at the UPS shipping hub in Ontario.» Read More
NEW YORK— Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can— at least in some instances— be used on other carriers. The law, which President Obama said he looks forward to signing, undoes a move by the Librarian of Congress in 2012. That made it a copyright violation to unlock a phone without the carrier's permission.
WASHINGTON, July 25- Evidence that Russia is moving more weapons into Ukraine to arm rebels is likely to trigger more U.S. sanctions against Moscow once the European Union likely agrees its own sanctions next week, senior U.S. officials said on Friday.
WASHINGTON, July 25- The United States on Friday set new import duties on solar products from China and Taiwan after the Commerce Department found that the solar panels and cells are being sold too cheaply on the U.S. market.
Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.
Tyson, the biggest U.S. meat processor, announced Friday the planned closures of the plants in Cherokee, Iowa; Buffalo, New York; and Santa Teresa, New Mexico. The Cherokee plan will close Sept. 27, and the Buffalo and Santa Teresa plants are expected to shut down in the first half of 2015..
NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.
July 25- Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve fund to possibly enhance recoveries for certain creditors.
The U.S. Bureau of Ocean Energy Management announced Friday it is opening a 45- day comment period both to gather information on areas in the Beaufort Sea that have the most promising oil and gas potential, and to learn more about environmentally sensitive habitats and subsistence activities within the planning area.
Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. Two major U.S. companies— the retail giant Amazon and the credit card processor Visa— both said that the second half of the year was looking more troubled than originally expected.
WASHINGTON— In a story July 24 about a new rural investment fund announced by the White House, The Associated Press reported erroneously that Colorado- based CoBank is donating $10 billion to a fund for rural investment projects.
MEXICO CITY, July 25- State-owned Mexican oil company Pemex reported a wider second-quarter loss on Friday and said average crude oil output this year will fall to its lowest level in more than two decades.
WASHINGTON, July 25- The International Monetary Fund urged Ukraine's leaders on Friday to press forward with "steady implementation" of economic reforms agreed with the fund, a day after the prime minister tendered his resignation.
WASHINGTON, July 25- Verizon Communication Inc's high speed wireless customers who subscribe to the company's legacy unlimited data plans might experience slower speeds starting Oct. 1, the company said on Friday.
NEW YORK, July 25- Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused in a lawsuit of manipulating silver prices in the physical and futures market, according to a lawsuit filed in a New York district court on Friday.
Argentina will default for the second time in 13 years if it cannot reach a deal with the U.S. hedge funds before July 30. Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off creditors who didn't participate in previous bond swaps.
WASHINGTON, July 25- The United States set new import duties on solar products from China and Taiwan after finding that the solar panels and cells were being sold too cheaply on the U.S. market, the Commerce Department said on Friday.
July 25- High-end sound system and headphone maker Bose Corp is going after the newer kid on the block, Beats Electronics, with a lawsuit accusing Beats of infringing several patents related to noise-cancellation technology. Bose was seeking unspecified damages from Beats, which Apple Inc announced this year it would acquire for $3 billion.
NEW YORK, July 25- Cynk Technology shares plummeted to close down about 85 percent on Friday after a trading suspension was lifted, but the stock was only being exchanged in private deals.
The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.
NEW YORK, July 25- Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.