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IMF says Cyprus at risk of even deeper recession
The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep recession in Cyprus this year and next and said there is a danger that the ...
Beckham's role after retirement to remain global
After David Beckham's long and distinguished soccer career ends on an artificial turf field in northwestern France, his life promises to be perhaps even more glamorous than it already has been. Nearly 20 years after breaking into the Manchester United lineup, the 38-year-old former England captain won the French league ...
33 more charged in Fla. staged auto accident probe
Authorities in South Florida say 33 more people have been charged in a three-year crackdown on staged auto accidents used to defraud insurance companies out of millions of dollars. Miami U.S. Attorney Wifredo Ferrer said Thursday those charged included doctors, chiropractic clinic owners and therapists in Palm Beach and Miami-Dade ...
Asia stocks mixed as holidays thin trade
Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region. The ...
Obama picks budget official to run troubled IRS
President Barack Obama picked a senior White House budget official to become the acting head of the Internal Revenue Service on Thursday, the same day another top official announced plans to leave the agency amid the controversy over agents targeting tea party groups. Obama named longtime civil servant Daniel Werfel ...
NY authorities probe money trail in smuggling ring
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said Thursday. The traffickers lived modestly and had alleged links to known terrorists, including Omar Abdel-Rahman, the blind cleric ...
WA small business health plan finder scaled back
A new health insurance marketplace being set up in Washington state to help small businesses find insurance for their employees will not be fully operational this fall, as planned. The Washington Health Benefit Exchange instead will run a pilot project in a few counties for its small business program, starting ...
Another round for the House on 'Obamacare'
One more time, with feeling! The Republican-led House voted yet again Thursday to repeal President Barack Obama's health care law, knowing full well that won't stop it. Only months away from the rollout of coverage for uninsured Americans, it was the 37th attempt in a little more than two years ...
Dell's dismal 1Q illuminates PC maker's challenges
Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets. The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it difficult to sell laptop and desktop machines. ...
A late fade on Wall Street; Wal-Mart, Disney slump
Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. There was plenty of discouraging news. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region. Wal-Mart sank after warning that its customers were spending less ...
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