Sep 20th, 2012
DETROIT (Reuters) – A worker was stabbed to death Thursday morning during a fight inside a Chrysler Group LLC plant in Detroit, the company said.
“Chrysler Group is deeply saddened by events that occurred at its Jefferson North Assembly plant this morning,” Chrysler said in a statement on Thursday.
“Two employees were involved in an altercation inside the plant. One employee was stabbed and...
Aug 22nd, 2012
CHICAGO (Reuters) – Light showers late this week in the northern Midwest and heavier rainfall in most of the region early next week will provide little benefit to drought-stricken U.S. corn and soybeans since both crops are nearing the end of their growing season, an agricultural meteorologist said on Wednesday.
“It will help some of the later crops in the north such as in Wisconsin but not much...
Aug 17th, 2012
PALO ALTO, Calif. (AP) — Imagine the potential treasures inside the stolen iPad of the late Steve Jobs: Secret corporate documents, personal correspondence and maybe even game prototypes.
But professional entertainer Kenny the Clown says he unwittingly received the stolen tablet after the Apple co-founder’s Palo Alto home was burglarized last month and never examined the touch-screen device’s...
Aug 10th, 2012
ROME/CHICAGO (Reuters) – Global alarm over a potential repeat of the 2008 food crisis escalated after data showed food prices had jumped 6 percent last month and importers were snapping up a shriveled U.S. grain crop, helping drive corn prices to a new record.
Ahead of a critical government report on Friday on the state of the U.S. corn and soybean crops, which have been decimated by the worst drought in...
Aug 2nd, 2012
(Reuters) – Discounts drew shoppers to malls in July, helping many retailers report healthy sales gains in what is typically a clearance month heading into the back-to-school season.
Most retailers offered discounts in July to clear out leftover summer merchandise and make room for back-to-school items and other fall goods.
“Retailers focused on back to school a little earlier this year and increased...
Aug 2nd, 2012
NEW YORK (Reuters) – Knight Capital Group Inc is being forced to raise money after an erroneous trading position wiped out $440 million of its capital, the firm said on Thursday, causing its shares to shed half of their value.
Problems at Knight, one of the largest firms that buys and sells stocks to provide liquidity to the markets, emerged at the beginning of trading on Wednesday.
“The company is...
Jul 25th, 2012
LONDON – LONDON (Sipa) – The recession of the UK economy is deeper than expected: the Gross Domestic Product (GDP) fell 0.7% in the second quarter from the previous quarter, according to figures released Wednesday by the Office for National Statistics. The markets were expecting a more modest 0.2%.
To explain this drop stronger than expected, the British office of statistics advance the possible impact...
Jul 24th, 2012
New York – McDonald’s reported net profit drop of 4% in the second quarter, a decline attributed to the strong U.S. dollar and consumer caution.
The giant U.S. fast food, which has in recent years put forward its cheap and popular additions to its menu, begins to show signs that it is also affected by the fragility of the economy World.
Suggesting other obstacles ahead, the company based in Oak Brook,...