UNITED STATES

U.S. nears sanctions phase in Airbus trade spat

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The United States is expected to ratchet up pressure on the European Union to end subsidies for Airbus by moving at the World Trade Organization toward retaliation on European goods, an industry official and other sources said.

Verizon plans wireless video service: WSJ

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Verizon Communications Inc is aiming to offer an integrated video service for its wireless customers, its FiOS customers and its cable partners as soon as this holiday season, according to a Wall Street Journal report citing the telephone company's chief executive.
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U.S. steps up its push to keep top World Bank role

The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.
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BlackBerry maker posts loss; shakes up head office

Research In Motion said on Thursday former co-CEO Jim Balsillie is stepping down as a director as it posted a quarterly loss, stung by a further slide in BlackBerry smartphone shipments and anemic deliveries of its PlayBook tablet.
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European Financial Crisis Provides Scary Lesson For The World

The perception, driven by bonds' performance, that the euro's success would continue unabated was shattered beginning in October 2009, when Greece’s 10-year yields soared to 10.3 percent. Today, U.S. policymakers may be making the same mistake in failing to recognize threats of a coming financial crisis.
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Inflation key as Fed looks ahead

Containing inflation will be critical when the time finally comes for the U.S. Federal Reserve to reverse its ultra loose monetary policy, two top Fed officials said on Thursday.
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Menswear Fuels Global Luxury Boom, Executives Say

Whether it's a desire to be as dapper as Don Draper on television's Mad Men, a need to look good for a job interview or just a hankering for new duds, men have increased their spending on fancy clothes, and executives expect the boom to continue.
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Apple, Foxconn vow wide revamp of worker conditions

In a landmark development for the way Western companies do business in China, Apple Inc said Thursday it had agreed to work with partner Foxconn to substantially improve wages and working conditions at the factories that produce its wildly popular products.
Dave Mustaine may be one of the greatest rockers of all-time, but during a recent interview with Canadian TV show "The Hour" to promote his new album "13," the 50-year-old Megadeth frontman admitted his distrust of Obama and where he w

Dave Mustaine, Megadeth and Metallica Legend, A Birther? [VIDEO]

Dave Mustaine may be one of the greatest rockers of all-time, but during a recent interview with Canadian TV show The Hour to promote his new album 13, the 50-year-old Megadeth frontman admitted his distrust of Obama and where he was born, which would effectively make him a birther.
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Congress Passes Transportation Funding Stopgap

Congress has passed a stopgap transportation funding bill, ending a partisan stalemate that risked halting money that U.S. states are counting on to pay for updates to roads, bridges and other transit projects.

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