With congressional elections looming and high unemployment data persisting, President Barack Obama announced on Monday a proposal worth $50 billion to improve roads, railways, and airport runways. “This will not only create jobs immediately, it’s also going to make our economy hum over the long haul,” the President said before union members at a Milwaukee […]
A retrial of the case of two men who allegedly tried to extort millions from actor John Travolta has been stopped before it was about to start in the Bahamas on Monday. The prosecutor filed for “nolle prosequi”, a request for the trial to be halted, according to the Bahamian attorney general’s office. A mistrial […]
‘The American’, the spy movie starring George Clooney, ruled the North American box-office charts this weekend, edging crime film ‘Takers’, according to early figures released on Sunday. The spy film, praised by critics as visually captivating, earned 12.3 million dollars in its opening weekend in US and Canadian theaters, movie industry tracker Exhibitor Relations said. […]
Japanese computer manufacturer Toshiba issued a recall of about 41,000 laptops after more than 100 reports of overheating and melting cases were filed by customers. There were also claims of minor injuries resulting from the alleged defects. The development highlights the difficulties of putting high-powered components into smaller spaces in tinier, lighter, and thinner laptops […]
Representatives of the G2O economic group meeting in South Korea have reportedly acknowledged on Saturday that the recovery of the global economy will continue albeit in a slower pace than hoped, according to a South Korean official. South Korea central bank deputy governor and co-chair of the G20 finance deputies’ meeting Kim Jae-Chun said that […]
Allergan, Inc., the maker of cosmetic product Botox, will pay $600 million to settle a federal investigation about its marketing practices of the top-selling drug. In a joint statement issued on Wednesday, Allergan and the Justice Department said that Allergan will plead guilty to a single charge of “misbranding”, a misdemeanor, for allegedly misleading doctors […]
United States airlines like Delta plan to remove 50-seat planes from their fleets because of higher fuel and maintenance costs. Only about 200 of these small jets will remain in use by 2015, down from about 1,200 currently, said Michael Boyd, president of Boyd Group International Inc. based in Evergreen, Colorado. At least 80 jets […]
The Minnesota Vikings traded quarterback Sage Rosenfels along with running back and kick returner Darius Reynaud to the New York Giants, according to the Vikings’ website. In return, the Vikings will get an undisclosed 2011 draft pick and a conditional pick in the 2012 draft. The deal will be official when Rosenfals and Reynaud pass […]
The passenger, now identified as Dr. Thomas Butler, who prompted the evacuation of Miami International Airport when security personnel thought he was carrying a pipe bomb, was determined by federal officials to be the same man charged in 2003 for attempting to smuggle 30 vials containing the lethal bubonic plague. Dr. Thomas Butler, an American […]
A new single-dose malaria drug that may treat resistant strains of the dreaded disease has been developed by a team of researchers, according to a study published in the journal Science on Thursday. Clinical trials are scheduled later this year and the drug is said to very promising because of its potency compared to current […]
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