It’s not over yet. Facing a court-ordered deadline, the Obama administration is preparing to finalize stricter emissions limits on smog-forming pollution linked to asthma and respiratory illness. The move fulfills a long-delayed campaign promise by President Barack Obama, but sets up a fresh confrontation with Republicans already angry about the […]
Shell stops Alaska offshore Arctic drilling
ANCHORAGE, Alaska (AP) — Royal Dutch Shell will stop drilling for oil and gas in Arctic waters off Alaska’s coast following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement represents a big change of heart from Shell, which was counting on […]
Blasphemy? Ford pick-up trucks no longer made of US steel
DETROIT (AP) — Ford’s Super Duty trucks are getting a new aluminum body, just like their smaller sibling, the Ford F-150 pickup. Ford’s 2017 F-250, F-350 and F-450 trucks sit on a new high-strength steel frame and have aluminum body panels. The materials help shave up to 350 pounds off […]
Disgraced Volkswagen CEO stepping down amid scandal
BERLIN (AP) — Volkswagen CEO Martin Winterkorn resigned Wednesday, days after admitting that the world’s top-selling carmaker had rigged diesel emissions to pass U.S. tests during his tenure. No replacement was announced, and VW still has no easy exit from a scandal that has suddenly dented a reputation for trustworthiness […]
GUILTY! High-tech swindler busted in an old-school scam
NEW YORK (AP) — A man involved in what federal authorities have described as the first bitcoin securities fraud case pleaded guilty on Monday. Trendon Shavers, of McKinney, Texas, pleaded guilty in New York to a count of securities fraud on his 33rd birthday. He told U.S. Magistrate Judge Sarah […]
Banker resigns after a BILLION dollars “vanishes” into Russia
CHISINAU, Moldova (AP) — Moldova’s central bank governor resigned Monday, following weeks of street protests over $1.5 billion that disappeared from three Moldovan banks. Dorin Dragutanu, governor of the National Bank of Moldova stepped down and accused politicians of interfering in the bank’s internal affairs. He said if politicians continued […]
BUSTED! Volkswagen caught rigging US emissions tests
It’s a bad day for the VW stock owners. So far, around 15 billion euros ($16.9 billion) was wiped off the market value of Volkswagen AG on Monday following revelations that the German carmaker rigged U.S. emissions tests for about 500,000 diesel cars. And that’s not all – the company […]
Federal Reserve makes an interest rate ruling…
To the surprise of some analysts, the Federal Reserve has decided to keep interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Ending a highly anticipated meeting, Fed officials said Thursday that while the U.S. job market […]
“King of Beers” could be expanding… big time!
LONDON (AP) — The makers of Budweiser aren’t satisfied with being the kings of beer. They want an empire. Anheuser-Busch InBev, the world’s biggest brewing company and the owner of Budweiser, announced Wednesday it wants to buy SABMiller, the second-largest brewer — and the maker of long-time rival brand Miller […]
Wine and tapas… at Taco Bell!?
NEW YORK (AP) — What kind of wine pairs best with a Chalupa? Taco Bell customers in Chicago and San Francisco will soon be able to find out. The chain says it will open a location that serves wine, beer, sangria and frozen mixed drinks in Chicago next week, marking […]