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The myth of suburban prosperity
Brookings Institution said. Suburbs, however, still have a smaller percentage of the poor than cities do. The report notes that poor people were pulled to the suburbs by more affordable homes and followed jobs that were often low paying. But those who moved to the suburbs also saw manufacturing jobs disappear and housing prices plummet following the economic recession. "The myth of ...
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Immigration agency employees union president denounces reform bill
Immigration Services officer Norma Christian speaks with an immigrant at the USCIS office on May 17, 2013, in New … The president of a union that represents 12,000 U.S. Citizenship and Immigration Services employees announced his opposition to the immigration reform bill in the Senate on Monday morning. "The legislation will provide legal status to millions of visa overstays while ...
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Split-second choice ended with N.Y. student dead
NEW YORK (AP) -- The college student was being held in a headlock by a masked intruder with a loaded gun to her head, police said. Then the gunman took aim at an officer. A moment later ...
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London Markets Ftse 100 Jumps To Highest Close Since 2000
LONDON – U.K.'s benchmark stock index ended at the highest closing level since September 2000 on Monday, boosted by banking shares and a rally for budget airline EasyJet PLC.The FTSE 100 index added 0.5% to close at 6,755.63, building on gains from Friday, when the index climbed to the highest closing level since October 2007.Shares of budget airline EasyJet PLC jumped 4% to 12.35 ...
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UPDATE 1-Spains El Corte Ingles in 5 bln euro debt restructuring
Mon May 20, 2013 1:04pm EDT By Carlos Ruano MADRID May 20 (Reuters) - Spanish department store El Corte Ingles, the country's largest privately held company, said on Monday it had started talks to restructure debt totalling 5 billion euros ($6.43 billion). El Corte Ingles, one of Spain's largest employers and most venerable retailers, has been hit by a tough economic downturn and been ...
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Actavis to buy Warner Chilcott in $5bn stock deal
20 May 2013 GENERIC drugmaker Actavis Inc, itself the subject of takeover speculation, said on Monday it would buy specialty pharmaceutical ...
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2 dead 20 injured after explosions in Dagestan- Wave of violent attacks kills at least 86 in Iraq
MAKHACHKALA, Russia – Two people are dead and at least 20 are injured after two car bombs exploded Monday in Dagestan, in Russia's North Caucasus region, where armed militias are leading an Islamist insurgency. Both blasts were near the headquarters of the court bailiffs and appeared to have been detonated by remote control, a Russian state agency told Reuters. Police cordoned ...
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Ex-divs to take 7.4 points off FTSE 100 on May 22
LONDON, May 20 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 7.38 points off the ...
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Czech Bank Shut Over Fraud Investigation
A bank and savings institution in the Czech Republic was closed and all deposits frozen pending a fraud investigation by the Czech central bank and ministry of finance. In a statement published on its website on Sunday, MSD bank said all of it branches would be shut and no deposits would be accepted while two counts of credit fraud are investigated by the public prosecutor's supreme office. ...
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Activists say 28 Hezbollah members killed in Syria
In this Saturday, May 18, 2013 citizen journalism image provided by Qusair Lens which has been authenticated based on its contents and other AP reporting, shows Syrians inspecting the rubble of damaged buildings due to government airstrikes, in Qusair, Homs province, Syria. The town of Qusair has been besieged for weeks by regime troops and pro-government gunmen backed by the Lebanese militant ...
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Germans Blame Merkel for Eurovision Woes
Germans are blaming Merkel's tough stance on austerity for their entry's unpopularity at this year's Eurovision, in which Denmark was the ...
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Report Obama Admin. spied on reporter
President Barack Obama crosses the South Lawn as he returns from travel to Atlanta via Marine One, at the White … The Justice Department spied extensively on Fox News reporter James Rosen in 2010, collecting his telephone records, tracking his movements in and out of the State Department, and seizing two days of Rosen's personal ...
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Video Tornadoes tear through central U.S.
A tornado is spotted in South Haven, Kansas, May 19, 2013. (Jeremy Wilkins/YouTube) Less than a week after a string of tornadoes killed six people in north ...
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Supreme Court declines to hear Alaska climate change case
WASHINGTON (Reuters) - The Supreme Court on Monday declined to hear an Alaskan village's claim that it should be able to sue oil companies and utilities for damages attributed to climate ...
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Euro zone liquidity seen above 200 bn euros
It will be at least three months before liquidity in the euro zone falls to levels at which market rates have shown a tendency to rise, according to traders polled by Reuters on ...
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Yahoo buying Tumblr for $1.1-billion vows won’t ‘screw it up’
This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. (Marcio Jose Sanchez/The Associated ...
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Rumors Spark Brazil Bank Run
Rumors that Brazil's social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend. Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday. "The bank branches themselves aren't ...
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Nasri regrets insulting journalist at Euro 2012
Samir Nasri has told French TV that he was "stupid" to have insulted a journalist at Euro 2012, provoking a near year-long exile from international football for the Manchester City ...
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Marsh on Monday Dislocation warnings on euro economy markets
LONDON (MarketWatch) - For months, European central bankers have been warning of dislocation between financial markets and the real economy. No one has paid much notice, with equities proceeding to new highs on hopes of ever-more central banking easing, coinciding with a continuing run of poor data confirming the miserable state of the euro-area ...
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European Union Set to Vote on ‘Too Big to Fail’ Law
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of England Deputy Governor Paul Tucker said the EU law on bank recovery and resolution would be a milestone towards a global system and help convince markets that governments were no longer willing to rescue ...
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Hayes Government may settle for less than €300m target in pay talks
Junior Finance Minister Brian Hayes has said that the Government may lower its savings target for public-sector wages from EUR300m this year to EUR250m."We're not going to be doctrinaire about this," he said. "What we want to see is the saving of a billion euro by 2015, and we're looking at alternative proposals in the context of those talks, which would obtain those ...
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UKs FTSE holds steady near 5-12 year peaks
* Income from extra charges surges 20 pct* FY net 569 mln eur vs f'cast 558 mln in company poll* Warns profit growth may be flat in year ahead* Shares up more than 9 pct, hit record ...
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College costs soar but why
Students milling about the University of California, Los Angeles (UCLA) campus, which has faced steep state cuts. … When high school senior Jenny Bonilla got her college acceptance letter in March, she felt shock and heartbreak rather than joy. That's because the letter from Goucher College, a private liberal arts school in Baltimore, also brought news that she would owe an ...
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Autism vaccine scare leads to measles epidemic in UK
View Photo Associated Press/Owen Humphreys, PA - In this photo Thursday, April 25, 2013 Lucy Butler,15, getting ready to have her measles jab at All Saints School in Ingleby Barwick, Teesside, England, as a national ...
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Car bombs in Baghdad south Iraq kill dozens
Sunni and Shiite civilian targets over the past week. The bloodshed has raised fears of a return to the widespread sectarian violence of 2006-2007 that brought the country to the edge of civil war. In the Iraqi capital, nine car bombs went off, striking at bus stops, market places and in the streets of Shiite areas during the busy morning hours, killing 24 people and wounding 112, according ...
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