MOSCOW/SIMFEROPOL, Ukraine (Reuters) - President Vladimir Putin rebuffed a warning from U.S. President Barack Obama over Moscow's military intervention in Crimea, saying on Friday that Russia could not
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell.
Investors are stepping up withdrawals from emerging-market exchange-traded funds and shifting into Europe as concern mounts that growth is faltering in developing nations while advanced economies strengthen.
The world’s largest floating crane, the Left Coast Lifter, has arrived in NY to work on the $3.9 billion bridge that will replace the Tappan Zee. We take a look at the crane that is as long as a 30-story building is tall and can hoist 1,900 tons in a single heave. (Source: Bloomberg)
When Hostess Brands Inc. went bankrupt in 2012, it triggered anxiety among employees at Ottenberg’s Bakery, a family-owned enterprise in Maryland. The companies shared a pension plan, and if Hostess couldn’t pay its retirees, Ottenberg’s would have to pick up the tab.
A record number of Americans renounced their citizenship or green cards in 2013, according to new data that may draw a complicated picture for US tax assessors who impose financial obligations on citizens living outside the country.
Editor's Note: The EuroMaidan Revolution entered its 103rd day on March 3 with Russian military forces in control of Ukraine's Crimean peninsula after an invasion that began on Feb. 27. In the meantime, Viktor Yanukovych, ousted as Ukrainian president on Feb. 22, remains in exile in Russia as Russian President Vladimir Putin asserts the right to intervene militarily throughout Ukraine and stay indefinitely.
The U.S. Army is giving away 13,000 armored trucks, worth about $500,000 each. The 20-ton MRAPs, or Mine-Resistant Ambush-Protected trucks, were built specifically to save U.S. soldiers from roadside bombs in the Iraq and Afghanistan wars. Now the trucks are patrolling U.S. city streets. U.S. law enforcement agencies have received the lion’s share of this high-powered military surplus. (Source: Bloomberg)