The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
(Adds comment from attorney general)
MEXICO CITY, Jan 21 (Reuters) - A gasoline pipeline explosion in central Mexico last week killed at least 89 people, the country's health minister said on Monday, while an official with the state-owned oil company defended its response to the leak.
There were also 51 people injured, Health Minister Jorge Alcocer told a morning news conference. Friday's pipeline blast happened after hundreds of people has rushed to collect fuel from the gushing pipe.
Over the weekend, a series of possible missteps by the current government became clear, from the delay in shutting off the pipeline, to relatives saying fuel shortages caused by the government's anti-theft policy attracted people to the leak.
Mexican Attorney General Alejandro Gertz said that any negligence by authorities is being investigated and that officials involved would be called in to answer questions this week.
"It's a fundamental issue, the chronology of the events must become absolutely clear."
A Pemex engineer told a news conference on Monday that at first the leak was just a "small puddle" but later grew into a "fountain." Within 20 minutes of that assessment, the engineer said, the company was able to "take actions."
It was not clear if those actions included shutting off the flow of fuel in the pipeline.
Pemex Chief Executive Octavio Romero said his team had followed protocol, though he would not confirm or deny if there was negligence or corruption related to the delay in closing the pipeline.
"Everything will be looked at," he said. (Reporting by Adriana Barrera and Noe Torres Writing by Christine Murray Editing by Marguerita Choy and Nick Zieminski)