Tropical Storm Ernesto weakened as it traveled inland from the Gulf of Mexico on Thursday, but it sent wind gusts and showers across the state of Veracruz, home to some of Mexico's busiest ports and oil installations. The storm, with maximum sustained winds of 40 mph (65 kph), made landfall in the early afternoon close
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A New York state case against Standard Chartered Plc is more about whether the British bank carried out an old-fashioned cover-up using allegedly false records and less about the role the bank played in the alleged money-laundering of funds tied to Iran, according to people familiar with the situation and court documents. The New York
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It was the end of a long week in court in the Apple-Samsung legal war, and Samsung attorney John Quinn was trying to block his adversary, Apple attorney Bill Lee, from showing the jury a document. As Quinn made his argument to U.S. District Judge Lucy Koh, he slipped in a reference to Koh's pre-trial
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Veteran banker Andreas Philippou has been recalled from retirement to take over as non-executive chairman of the nationalised Cyprus Popular Bank (Laiki), replacing former Finance Minister Michalis Sarris who suggested in his resignation letter that the communist-led government wanted him out just eight months into the job. Sarris had been recruited last December to help
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Mitsubishi Motors Corp is recalling a small number of its all-electric cars in the United States due to the possibility that the front and side airbag systems may be deactivated. The Japanese automaker is recalling 261 of its 2012 model i-MiEV subcompact hatchbacks because an incompatibility between the airbag sensors and the self-diagnostic software may
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European shares rose toward five-month highs on Thursday and the euro was steady, despite evidence of weakening activity across the region, as softer Chinese data kept alive talk of further central bank policy easing to tackle declining global growth. The FTSE Eurofirst 300 index of top European shares opened up 0.3 percent at 1099.66 points,
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Annual growth in China's factory output slowed to its weakest in more than three years in July, missing market forecasts and increasing expectations that Beijing will take further policy steps to support an economy that has been sliding for six straight quarters. Official data released on Thursday also showed China's annual consumer inflation fell to
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Manchester United are trying to sign Dutch international striker Robin van Persie from Premier League rivals Arsenal, said manager Alex Ferguson. "We have made a bid," Ferguson told his club's website (www.manutd.com). "We're trying our best but there's no progress at this moment in time. "We're not getting any breakthrough with Arsenal. I don't know
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Victor Conte, convicted owner of the now-defunct BALCO laboratory that was at the centre of a global steroid scandal, said on Thursday that the drug-testing programme at the 2012 Olympics was irrelevant. "It's basically propaganda to come out and say this is the most expensively-tested Games ever and 'we're doing 6,000 tests'," Conte was quoted
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Britain's Competition Appeal Tribunal on Wednesday threw out an appeal by Ryanair, which would have blocked regulators investigating the budget carrier's minority shareholding in Irish rival Aer Lingus . Ireland's Ryanair, Europe's largest budget carrier, had argued that it was not within the UK Competition's Commission's (CC) jurisdiction to investigate its 30% stake in Aer
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