Ford Q2 2013 Earnings Preview: Watch For Special Charges Related To Europe Restructuring, Asia Expansion; North American F-Series, Fusion Q2 Sales Soar
Ford is spending heavily on shifting its global positions while U.S. sales are booming.
OECD Outlines New Strategy To Eliminate Corporate Tax Loopholes; G-20 Ministers Welcome Effort To End ‘Double Non-Taxation’
The OECD issued 15 recommendations to crack down on companies’ exploitation of different tax jurisdictions to reduce their liabilities.
Australia Takes Hard Stance Against People Arriving By Boat, Says ‘Genuine Refugees’ Will Be Sent To Papua New Guinea
Immigrants by boat will now head to New Guinea or "a safe country other than Australia."
Florida Should Revoke Zimmerman’s Concealed Carry Permit To Protect The Public
Now that a Florida jury says it’s legal for armed people to follow unarmed people they deem suspicious-looking, and then shoot them dead in self-defense if tailing them leads to physical confrontation, is it OK to revoke acquitted killer George Zimmerman’s license to carry his Tec 9 pistol on his pants? And is it also OK to point out that Trayvon Martin would be alive today if Zimmerman had not been empowered by the state of Florida to take the gun out of his car (all Floridians are allowed keep guns in cars) and conceal it under his clothes.We’ve all heard the gun rights arguments that assert people have a right to defend themselves, and that gun laws only harm law-abiding citizens while criminals get them by other means. And it’s true.
British Investigators Point To Honeywell-Made Transmitter As Source Of Fire On Board A Boeing 787, Owned By Ethiopian Airlines, At Heathrow Last Month
British investigators urge the U.S. Federal Aviation Administration to initiate action until “appropriate airworthiness actions” are completed.
GM Sets Up Internal Unit To Evaluate Tesla Threat To Firm's Position In Electric Car Market
A year ago, Tesla was an enigma in the eyes of Detroit. Not anymore.
Protesting Banned In Athens During Visit By German Finance Minister Wolfgang Schaeuble, Who Urged Greece To Stop Lobbying For More Debt Restructuring
Athens instituted bans on groups of protesters, as German finance chief says Greece should stop pushing for more debt write-downs.
Ford Motor Company Has Filed First Lawsuit By An Automaker Over Massive Conspiracy To Fix Prices On Auto Electrical Components
Fujikura Ltd becomes first Japanese parts supplier to be sued by an automaker after pleading guilty to price fixing components.
New York City Selling Insurance-Linked Bonds To Hedge Against Future Storm Surge Risk
The bonds would cover surges, like those caused by Superstorm Sandy in 2012 and Hurricane Donna in 1960.
‘F1 Supremo’ Bernie Ecclestone Served An Indictment For Allegedly Bribing German Banker Gerhard Gribkowsky In 2005 Deal To Sell Formula One Stake
The head of Formula One maintains he did not bribe a German banker in a deal to sell a stake of the racing franchise.
US Defense Secretary Chuck Hagel Will Cut Up To $2B From Pentagon Top Officials’ Budgets Starting In October
A $2 billion cut to administrative operations will take place regardless of any congressional moves.
Reality Hits Tesla’s Stock Price As Goldman Sachs Says Its Priced Too High, Now What Matters Is The Basics: How Many Cars It Can Sell
A report from Goldman Sachs suggests Tesla stock is not reflecting actual sales. Sell-off slices $17 off the price.
European Auto Sales Fall 5.6% In June; Down 6.6% In First Half Of 2013; Britain Is The Only Growing Auto Market In EU; June EU Sales Lowest Since 1996
Europe's economic woes linger. France and Italy saw double-digit declines in car sales last month, and even the Germans aren't buying.
Panama President Martinelli Posts Photo Of ‘Undeclared War Cargo’ From North Korean Flagged Cargo Ship On Twitter; Authorities Said Crew Behaved ‘Reluctant And Warlike’ When Confronted
The ship from Cuba was stopped at the Panama Canal. Authorities: vessel had a history of carrying "illicit substances."
Mortgages For Pricey Homes Now Cost About The Same As Loans That Get Fannie Mae Or Freddie Mac Backing
The spread between loans for high-end properties and government-backed mortgages has narrowed, showing confidence in U.S. economy.
General Dynamics, Maker Of The M1 Abrams Tank And Hellfire Warhead, Says It’s Consolidating Two Weapons Units Amid Era Of US Defense Austerity
In a bid to streamline operations, General Dynamics is folding one of its key weapons systems units into another.
Gamblers Have Malala Yousafzai Way Ahead Of Edward Snowden For Next Nobel Peace Prize; Bradley Manning Has The Same Odds As Bill Clinton
The online betting site Paddy Power has Pakistani girls' education champion Malala Yousafzai as most likely to win in October.
If You're Headed To The UK, You May Have Your Phone Seized
An annual report on U.K. terrorism laws outlines the practice of seizing mobile data from people traveling through Britain.
Loblaw, Canada’s Top Grocer, Buys Drug Mart, Canada’s Top Drug Store For $11.9B
Loblaw is getting into drugs in acquiring Canada’s biggest pharmaceutical chain. The reason? Wal-Mart.
French President Hollande Holding His Country’s Line On Shale Gas Extraction; Court To Review Legal Challenge By Dallas Energy Firm Schuepback This Week
The French president reiterates his support for the national fracking ban as a Dallas-based energy company awaits a ruling on its challenge.
Bangladeshi Engineers Survey 70 Garment Factories; They Find Serious Problems In Six Of Them
Engineers inspected 70 garment factories; most had minor issues, two need to be condemned, four need immediate attention.
Passenger Train Derailment Near Paris Kills At Least 8
Four of the eight cars carrying 350 people jumped the tracks, officials said.
UPS Lowers Its 2Q And 2013 Earnings Expectations Thanks To Asian Slowdown And Bargain-Hunting Package Delivery Customers
The world’s largest package deliverer points to Asian slowdown as one reason for lowering its earnings forecast.
Is Lawrence Summers, Former Treasury Secretary, Harvard University President And Obama Adviser, Actively Jockeying To Replace Ben Bernanke As Fed Chair?
The former Treasury secretary is reportedly courting senators in his bid to replace Ben Bernanke.
China's Finance Minister Says Second Half Growth Could Drop Toward 6% And Hints That Official 7.5% Estimate For 2013 Is Too High
The nation's finance minister outlined the current analysis on the likely GDP growth range for the year.
Qaeda-Affiliated Rebels In Syria Assassinate Commander Of Free Syria Army; FSA Pledges Revenge, Exposing Rift Between Islamists And Moderates As US Prepares To Send Weapons To Insurgents
The split between Syria’s Islamists and moderates -- both fighting Assad loyalists -- just became considerably wider.
Wife Of Saudi Governor Arraigned On One Count Of Human Trafficking Under California’s Proposition 35 That Stiffens Punishments For Forced Labor
Defendant appeared in an Orange County courthouse on Thursday but did not enter a plea. Next court date: July 29.
Norway Mulls Arctic WiFi Service With Telnor, Move Would Bring Web Access To Important Sea Routes
Norway’s version of NASA is in talks with Telnor Group to provide web connectivity on increasingly trafficked Arctic sea routes.
Egypt’s Former Head Of Food Supply Says Country’s Wheat Imports Are Running Low; Total Supply Of Imported And Domestic Grain Could Run Out In October
As Egypt struggles for stability amid a leadership crisis, it could be facing another threat: food security.
Greece Unemployment Rate Rises Again, To 26.9%; For Young Greeks: 57.5%
Greece can’t catch a break as joblessness continues to soar, especially for 15-to-24-year-old citizens.