• New York strikes deal to allow Las Vegas-style casinos

    Reuters - 12 hrs ago

    By Francesca Trianni NEW YORK (Reuters) - New York Governor Andrew Cuomo struck a deal with state lawmakers to license new resort-style casinos, in an effort to help revive a stagnant economy in upstate New York, the governor said on Wednesday. The agreement would amend the state constitution to legalize public, non Native American casino gambling with an initial four Las-Vegas style casinos in the Hudson Valley, the Binghamton area and the Albany region. Until now, New York has allowed table gambling only on Native American tribal land or slot machine gambling at horse racing tracks. ... More »New York strikes deal to allow Las Vegas-style casinos

  • Boston poised to begin condom giveaway in high schools

    Reuters - 12 hrs ago

    By Stephanie Simon (Reuters) - Students at all Boston public high schools may soon be able to obtain free condoms at the front office - as long as they sit through a few minutes of counseling about safe sex - under a policy due to be voted on Wednesday by the school board. Condoms are already available in 19 high schools with on-site health centers. The policy, up for a vote by the Boston School Committee, would expand distribution to all 32 high schools in the system. Parents would have the right to exempt their children. Several U.S. ... More »Boston poised to begin condom giveaway in high schools

  • New 'Obamacare' exchanges could miss enrollment deadline - GAO

    Reuters - 13 hrs ago

    By David Morgan and Caroline Humer (Reuters) - New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama's 2010 healthcare overhaul could miss an October 1 deadline for open enrollment, a government report said on Wednesday. The launch of the exchanges, or marketplaces, which are expected to provide federally subsidized health coverage for 7 million people in 2014 and 22 million by 2016, could determine whether Obama's signature domestic policy achievement succeeds. ... More »New 'Obamacare' exchanges could miss enrollment deadline - GAO

  • Jury selection in Trayvon Martin murder case moves into final phase

    Reuters - 14 hrs ago

    By Barbara Liston SANFORD, Florida (Reuters) - The final round of jury selection began in Florida on Wednesday in the trial of a former neighborhood watch volunteer, George Zimmerman, who is charged with the fatal shooting of an unarmed black teenager in February last year. Lawyers on both sides are working to whittle down a group of 40 potential jurors to form a panel of six and at least four alternates with the expectation that prosecutors and lawyers will deliver opening arguments on Monday. ... More »Jury selection in Trayvon Martin murder case moves into final phase

  • Theft of F-35 design data is helping U.S. adversaries: Pentagon

    Reuters - 14 hrs ago

    By David Alexander WASHINGTON (Reuters) - The theft of sensitive design data by hackers targeting programs like the F-35 Joint Strike Fighter takes away a big U.S. advantage by allowing rivals to speed up development of their own stealth aircraft, a top Pentagon official said on Wednesday. Defense acquisitions chief Frank Kendall told a Senate hearing he was reasonably confident that classified information related to the development of the F-35 was well-protected. "But I'm not at all confident that our unclassified information is as well-protected," he said. ... More »Theft of F-35 design data is helping U.S. adversaries: Pentagon

  • British Supreme Court ruling threatens Western sanctions against Iran

    Reuters - 15 hrs ago

    By Clare Hutchison LONDON (Reuters) - Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear programme. The Bank Mellat case and more than 50 like it pending at the European Union's two highest courts have clouded the future of EU sanctions and alarmed Washington, which relies on European support to throttle Iran's links to the global economy in hopes of getting it to curb its disputed pursuit of nuclear power. ... More »British Supreme Court ruling threatens Western sanctions against Iran

  • Britain to pay more for power than Germany for a decade - Credit Suisse

    Reuters - 15 hrs ago

    LONDON (Reuters) - British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation, a report by bank Credit Suisse showed on Wednesday. Rises in retail prices have become a popular bugbear in Britain at a time when wages are falling in real terms. The bank's analysis showed wholesale prices, which form the backbone of energy bills, would top those in Germany by 85 percent in 2016-17 and would be higher in general for the next 7-10 years. ... More »Britain to pay more for power than Germany for a decade - Credit Suisse

  • RBS, Lloyds, Barclays account for most of UK capital gap - FT

    Reuters - 15 hrs ago

    LONDON (Reuters) - Britain's financial regulator will on Thursday say capital holes at Royal Bank of Scotland, Lloyds Banking Group and Barclays account for more than 90 percent of a 25 billion-pound ($39 billion) shortfall, the Financial Times said. The shortfall was based on estimates at the end of 2012, and the Bank of England said in March about half the total amount it identified was already covered by projected capital accumulation plans. Analysts say no banks are expected to need to issue new equity. ... More »RBS, Lloyds, Barclays account for most of UK capital gap - FT

  • Workers at Royal Mail vote against sell-off

    Reuters - 16 hrs ago

    By Neil Maidment LONDON (Reuters) - Royal Mail workers backed union opposition to plans to privatise the state-owned postal group on Wednesday, a stark reminder for potential investors that there will be no warm welcome if and when the company changes hands. The Communication Workers Union (CWU) sent consultative ballot papers to 112,000 Royal Mail postal workers. It said, from a 74 percent turnout, 96 percent opposed government plans to sell the firm this financial year in Britain's most significant privatisation in decades. ... More »Workers at Royal Mail vote against sell-off

  • Arizona construction collapse kills one, injures one

    Reuters - 16 hrs ago

    PHOENIX (Reuters) - Temporary framing beneath a freeway overpass in Mesa, Arizona, collapsed on Wednesday, killing one construction worker and injuring another, a fire department spokesman said. The collapse occurred shortly after 6 a.m. as workers removed a wood and steel support from an overpass being built to connect to the State Route 202 freeway, Captain Forrest Smith of the Mesa Fire and Medical Department said. One man was found dead under the debris. Another worker was taken to a hospital where he was listed in stable condition, Smith said. ... More »Arizona construction collapse kills one, injures one

  • BT CEO Livingston steps down to join government

    Reuters - 16 hrs ago

    By Sarah Young LONDON (Reuters) - BT Chief Executive Ian Livingston said on Wednesday he was stepping down to take up a government job promoting British business, knocking shares in a telecom company he has helped reposition on the path to growth. Livingston, in charge since 2008, has taken BT to the verge of a return to overall revenue growth after the former state monopoly was brought low by a series of profit warnings five years ago. ... More »BT CEO Livingston steps down to join government

  • Kate Middleton to give birth in same hospital as Princess Diana

    Reuters - 16 hrs ago

    LONDON (Reuters) - The Duchess of Cambridge, Kate Middleton, will give birth to the future heir to the British throne in the same hospital where the late Princess Diana gave birth to Princes William and Harry, royal sources said on Wednesday. The new royal baby, who will become third in line to the throne behind grandfather Prince Charles and father Prince William, will be born in the private Lindo wing of St Mary's Hospital in Paddington, West London. The sources said the royal couple have still not been told the sex of the baby which is due next month as they want it to be a surprise. ... More »Kate Middleton to give birth in same hospital as Princess Diana

  • Prosecutors plan more charges against accused Cleveland kidnapper

    Reuters - 17 hrs ago

    By Kim Palmer CLEVELAND (Reuters) - Prosecutors want to bring additional charges as soon as possible against a former Cleveland school-bus driver accused of holding three women captive in his home and torturing them for a decade, authorities said on Wednesday. Ariel Castro, 52, has pleaded not guilty to more than 300 charges against him including rape and kidnapping in connection with the imprisonment of Amanda Berry, 27, Gina DeJesus, 23, and Michelle Knight, 32. The women were rescued in May from Castro's house along with Berry's 6-year-old daughter. ... More »Prosecutors plan more charges against accused Cleveland kidnapper

  • Tesla recalls some Model S cars due to seat-mount defect

    Reuters - 17 hrs ago

    By Bernie Woodall (Reuters) - Electric car maker Tesla Motors Inc will recall 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. The fix will cost Tesla about $150,000 during the second quarter, company spokeswoman Shanna Hendriks said. Tesla will inspect and reinforce the bracket in all the cars built during this time period. This is the first recall for the Model S, blemishing a clean public record for the electric sedan that received a rare, near-perfect score from influential Consumer Reports magazine. The U.S. ... More »Tesla recalls some Model S cars due to seat-mount defect

  • Confessed killer says did not dictate deal to turn on 'Whitey' Bulger

    Reuters - 17 hrs ago

    By Daniel Lovering BOSTON (Reuters) - An altar-boy-turned-gang-enforcer told jurors at the trial of accused mob boss James "Whitey" Bulger on Wednesday that he did not set the terms of a deal with prosecutors allowing him to serve just 12 years in prison for 20 murders in exchange for details against his former boss. The witness, John "The Executioner" Martorano, was the first member of the ruthless Winter Hill Gang to testify against Bulger, who is on trial for charges including racketeering and 19 murders that occurred in the 1970s and '80s. ... More »Confessed killer says did not dictate deal to turn on 'Whitey' Bulger

  • Michelle Obama lays roses at bloodiest site along Berlin Wall

    Reuters - 17 hrs ago

    By Sarah Marsh and Alexandra Hudson BERLIN (Reuters) - Michelle Obama and her daughters threaded roses through the narrow slots of a Berlin Wall memorial on Wednesday, honoring those who died trying to cross the Cold War barrier at a site which holds special poignancy in the once divided city. Accompanied by Angela Merkel's husband Joachim Sauer, who like the German leader hails from the former East Germany, President Barack Obama's family toured the Bernauer Strasse memorial where desperate residents of East Berlin once tried to jump from their windows into the western half of the city. ... More »Michelle Obama lays roses at bloodiest site along Berlin Wall

  • Astor son who swindled millionaire mother headed to NY prison

    Reuters - 17 hrs ago

    By Francesca Trianni NEW YORK (Reuters) - Anthony Marshall, the only child of late millionaire philanthropist Brooke Astor, has been a Broadway producer, a decorated war hero and U.S. diplomat and is set to add prison inmate to his life story. On Thursday, barring a last-minute reprieve, Marshall will be known by the number on his New York State Corrections Department identification card when he begins serving a one- to three-year sentence for siphoning millions of dollars from his ailing mother incapacitated by dementia. ... More »Astor son who swindled millionaire mother headed to NY prison

  • FRC bans internal, external auditor links

    Reuters - 18 hrs ago

    By Huw Jones LONDON (Reuters) - A British watchdog has banned accountants from asking customers' internal auditors directly for help in checking the books in a bid to bolster their independence. The Financial Reporting Council, which polices accountants and auditors, said on Wednesday the ban creates a clearer division of responsibility between internal and external audit. Internal auditors are employees of a company and one of its "three lines of defence", the other two being the compliance and risk officers. ... More »FRC bans internal, external auditor links

  • New Hampshire nears approval of medical marijuana law

    Reuters - 18 hrs ago

    By Jason McLure LITTLETON, New Hampshire (Reuters) - New Hampshire is set to become the final state in New England to allow medical marijuana after negotiators from the Republican-controlled Senate and Democratic-controlled House agreed Tuesday on a bill backed by Governor Maggie Hassan. The law would allow up to four marijuana dispensaries to open as soon as 2015. Patients with cancer, HIV, glaucoma and other diseases would be eligible to purchase the drug with state-issued identity cards from a physician or nurse practitioner certifying that they need it to soothe pain. ... More »New Hampshire nears approval of medical marijuana law

  • Obama says U.S. to redouble efforts to close Guantanamo

    Reuters - 18 hrs ago

    BERLIN (Reuters) - U.S. President Barack Obama said on Wednesday the United States would step up its attempts to close Guantanamo Bay prison. "Even as we remain vigilant about the threat of terrorism, we must move beyond the mindset of perpetual war and in America that means redoubling our efforts to close the prison at Guantanamo," Obama said in a speech in front of Berlin's Brandenburg Gate. "It means tightly controlling our use of new technology like drones, it means balancing the pursuit of security with the protection of privacy," he added. ... More »Obama says U.S. to redouble efforts to close Guantanamo

  • Britain says reckless bankers could face jail

    Reuters - 18 hrs ago

    By Matt Scuffham LONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by the prime minister on Wednesday. Many Britons blame bankers' risk-taking for the 2008 financial crisis and subsequent economic slump and were furious when the former boss of RBS left the bank with a pension of almost 17 million pounds even after a state rescue. ... More »Britain says reckless bankers could face jail

  • Ballet dancer David Wall dies of cancer aged 67

    Reuters - 19 hrs ago

    LONDON (Reuters) - Ballet dancer David Wall, known for becoming the youngest male principal at the Royal Ballet at the age of 21, has died of cancer aged 67 at his home in London. Director of the Royal Ballet, Kevin O'Hare, paid tribute to Wall who died on Tuesday, describing him as a "truly exceptional artist" and one of the company's greatest dance actors. ... More »Ballet dancer David Wall dies of cancer aged 67

  • BoE, still divided, flags market impact of Fed uncertainty

    Reuters - 21 hrs ago

    By Olesya Dmitracova and David Milliken LONDON (Reuters) - Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the direction of U.S. monetary policy, but came no closer to shifting their own stance. Minutes of its latest policy meeting, released on Wednesday, show the Bank remained deadlocked over whether to restart its own asset-buying stimulus, with outgoing Governor Mervyn King again in a minority voting for another 25 billion pounds of asset purchases. ... More »BoE, still divided, flags market impact of Fed uncertainty

  • Supreme Court quashes British sanctions on Iranian bank

    Reuters - 21 hrs ago

    By Clare Hutchison LONDON (Reuters) - The UK's highest court has ruled that the government was wrong to have imposed sanctions on an Iranian bank in 2009 over alleged links to Iran's nuclear programme. The Supreme Court decision on Wednesday mirrored a January ruling by the European Union's General Court, which overturned sanctions imposed in 2010, and could result in the bank suing Britain for damages. ... More »Supreme Court quashes British sanctions on Iranian bank

  • China's Dalian Wanda to spend $1.6 billion on UK yacht maker, hotel

    Reuters - 21 hrs ago

    LONDON (Reuters) - Chinese conglomerate Dalian Wanda Group said it would spend $1.6 billion (1 billion pounds) to buy British yacht maker Sunseeker and develop an upmarket London hotel, the latest example of a trend for Chinese companies to acquire top luxury global brands. The company said on Wednesday it had agreed to buy a 91.8 percent stake in privately-held Sunseeker for 320 million pounds and would invest 700 million pounds to build a 160-room luxury hotel and apartment complex overlooking London's River Thames. ... More »China's Dalian Wanda to spend $1.6 billion on UK yacht maker, hotel

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