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  • '$50bn is pocket change': opioid makers on trial in Ohio after talks collapse news

    * Cleveland jury to hear claims by thousands of US communities * Opioid epidemic has claimed more than 400,000 livesTablets of opioid painkiller Oxycodon. Photograph: Eric Baradat/AFP via Getty ImagesThe drug industry will go on trial in federal court on Monday, as a jury begins to hear claims by thousands of American communities that pharmaceutical firms collaborated in a conspiracy that drove the US opioid epidemic.The case in Cleveland is the first of a series of trials meant to establish whether opioid makers, drug distributors and pharmacy chains are liable to pay out billions of dollars to thousands of counties, cities and Native American tribes blighted by an epidemic that has claimed more than 400,000 lives over the past two decades.The plaintiffs are using anti-racketeering laws, originally written to go after organised crime, and allegations of creating a public nuisance to claim that manufacturers of narcotic painkillers aggressively drove up sales with knowingly false claims that they were less addictive and more effective than they were, leading to a huge surge in prescribing.They also allege that distributors and pharmacies ignored legal obligations to restrict delivery and dispensing of the drugs even as the death toll escalated, because they were making so much money.“The facts will show that opioid makers and distributors conspired to create and benefit from the worst public health crisis in decades,” the lead lawyers for the plaintiffs said in a statement.> We need hundreds of billions of dollars to deal with this crisis> > Emily Walden, Fed UpAmong companies in the dock are Teva Pharmaceuticals, the world’s largest manufacturer of generic drugs, and the US’s second-largest pharmacy chain, Walgreens. Three major drug distributors are also on trial, including McKesson and AmerisourceBergen, both among the top 10 revenue generating companies in the US.The companies have all denied responsibility.Monday’s trial concerns lawsuits brought by two Ohio counties, Cuyahoga and Summit. If the jury finds the firms are liable and awards damages, the verdict would be put together with other trials in coming months in deciding a comprehensive settlement to cover plaintiffs across the country.Last-minute negotiations to forestall the trial by negotiating an overall settlement of about $50bn collapsed on Friday, in part due to divisions between local governments and several state attorneys general over whether the funds were sufficient to meet the cost of the crisis and who would control them.A new study has found that the epidemic has cost the US more than $800bn in the last four years alone. The Society of Actuaries said the costs ranged from increased health and social care spending to loss of earnings by people who have died and pressure on the criminal justice system.The collapse of the talks was welcomed by advocates who not only want a much larger settlement but also want to see the drug industry exposed at trial. Pharmaceutical companies are pressing for internal documents revealing their decisions and actions to remain secret as part of any settlement.“We need hundreds of billions of dollars to deal with this crisis,” said Emily Walden, chair of the Fed Up coalition of families hit by the epidemic and doctors who have spoken out against the wide prescribing of opioids. “The settlement talks are not holding these companies accountable for what they’ve done. $50bn is pocket change to them.”Several major opioid manufacturers settled the Ohio case in recent weeks, including Johnson & Johnson which lost a major trial in an Oklahoma state court in August when a judge found the company’s drive to sell opioids with false claims caused addiction and death.Opioid makers and distributors have already paid out hundreds of millions of dollars to settle federal cases accusing them of failing to obey laws about cutting off deliveries to pharmacies dispensing suspiciously large amounts of prescription painkillers. But the companies made no admission of liability in paying the settlements.Walden said she wants to see the trial lead to the prosecution of executives responsible for marketing and other strategies that boosted opioid sales.“It’s pretty clear what happened and what they’ve done,” she said. “We need some accountability and it needs to lead to criminal charges. They’re getting away with murder. They’re buying their way out. They think that’s the way of doing business.”There have been some criminal prosecutions.In July, federal prosecutors charged three top executives of the drug distributor Miami-Luken with illegally flooding parts of Appalachia with millions of opioid pills. In May, John Kapoor, the 75-year-old billionaire founder of Insys Therapeutics, was convicted for bribing doctors to prescribe a powerful opioid, Subsys, to patients who did not need it.Separately, Purdue Pharma, maker of the powerful opioid OxyContin, which played a leading part in firing up the epidemic, is negotiating to end hundreds of lawsuits.The company has filed for bankruptcy as part of a proposed agreement that would see it put into a trust and future profits go toward alleviating the epidemic. Members of the Sackler family who own the company would also pay from the personal fortunes they have built from the sale of OxyContin.But the deal is opposed by several state attorneys general who want to see the company put out of business and the Sacklers, who are estimated to have made more than $12bn from opioids, pay more money.

    Mon, 21 Oct 2019 06:00:26 -0400
  • U.S. soldiers who fought alongside Kurds blast Trump's Syria retreat

    In the summer of 2004, U.S. soldier Greg Walker drove to a checkpoint just outside of Baghdad's Green Zone with his Kurdish bodyguard, Azaz. Now retired and living in Portland, Oregon, the 66-year-old former Army Special Forces soldier is among legions of U.S. servicemembers with a deep gratitude and respect for Kurdish fighters they served alongside through the Iraq war and, more recently, conflicts with the Islamic State. Walker's rage was echoed in Reuters interviews with a half dozen other current and former U.S. soldiers who have served with Kurdish forces.

    Mon, 21 Oct 2019 06:00:00 -0400
  • Trump impeachment probe to focus on more key witnesses this week

    U.S. lawmakers leading an impeachment inquiry of President Donald Trump are expected to hear another round of crucial testimony this week, including from the acting ambassador to Ukraine who had raised concerns that security aid was being withheld to apply improper political pressure. The fast-developing inquiry has cast a new cloud of legal troubles over Trump's presidency, contributing to unease among fellow Republicans at a time when some have already been critical of his abrupt decision to remove U.S. troops from northeastern Syria. Taylor, whose closed-door testimony is set for Tuesday, could be one of the most important witnesses yet.

    Mon, 21 Oct 2019 06:00:00 -0400
  • FACTBOX-Key dates in the U.S. House's impeachment inquiry into Trump

    U.S. congressional Democrats are pursuing a fast-moving impeachment inquiry against President Donald Trump, focused on whether he abused his power by pressuring Ukraine to launch an investigation against a key political rival. Democrats allege Trump temporarily withheld $391 million in U.S. military assistance to Ukraine as a way to pressure the country into investigating former Vice President Joe Biden -- a possible 2020 election challenger. A senior White House official has said the aid was linked instead to a request that Ukraine look into a debunked conspiracy theory about foreign interference in the 2016 U.S. presidential election, involving a Democratic Party computer server.

    Mon, 21 Oct 2019 06:00:00 -0400
  • Expanding the 'Squad:' U.S. liberals challenge moderate Democrats to move party left

    Jessica Cisneros interned for U.S. Representative Henry Cuellar in 2014, and the congressman later wrote letters to help her get into law school. Now the 26-year-old immigration lawyer is gunning for her former boss' job, saying his values are out of touch with the sprawling south Texas district he has represented for 15 years. Ocasio-Cortez, who beat a top Democrat in New York in the 2018 midterm elections, has since become the face of the "Squad," freshman Democrats aiming to move the party farther left on issues such as healthcare and climate change.

    Mon, 21 Oct 2019 06:00:00 -0400
  • Tornado tears through Dallas, leaving thousands without power news

    The National Weather Service said the radar-confirmed the tornado hit the ground around 9 p.m. local time near Dallas Love Field Airport, northwest of downtown. The Dallas Independent School District canceled Monday classes at six schools, citing "extensive damage" to a number of campuses due to the severe weather. There were also reports of gas leaks north of Dallas' Walnut Hill neighborhood, according to a press release from the city of Dallas.

    Mon, 21 Oct 2019 05:58:43 -0400
  • Pentagon chief says keeping some troops in north Syria under discussion

    U.S. Defense Secretary Mark Esper said on Monday that keeping some U.S. troops in parts of northeastern Syria near oilfields with Syrian Democratic Forces (SDF) to ensure that the oil did not fall into the hand of Islamic State or others was one of the options that was being discussed. Speaking with reports during a trip to Afghanistan, Esper said that, while the withdrawal from northeastern Syria was under way, some troops were still with partner forces near oilfields and there had been discussions about keeping some of them there. Esper said he had not presented that option yet, but the Pentagon's job was to look at different options.

    Mon, 21 Oct 2019 05:51:19 -0400
  • UPDATE 1-Pound rises above $1.30 on investor rush to cover short positions

    Sterling reached its highest in more than five months at $1.3011 on Monday, as more investors rushed to cover short positions on signs that either Prime Minister Boris Johnson's Brexit deal would pass or the Oct. 31 deadline would be pushed back. Sterling had earlier pulled back half a percent after parliament delayed a crucial Saturday vote on Johnson's Brexit deal on Saturday. The pound rose to trade around flat after a lawmaker from the Northern Irish Democratic Unionist Party said it would not support any amendments providing for a customs union with the EU.

    Mon, 21 Oct 2019 05:49:52 -0400
  • UPDATE 1-WikiLeaks founder Julian Assange, minus beard, appears in London court

    WikiLeaks founder Julian Assange appeared in a London court on Monday for a hearing on whether he should be extradited to the United States to face spying charges. Australian-born Assange made international headlines in early 2010 when WikiLeaks published a classified U.S. military video showing a 2007 attack by Apache helicopters in Baghdad that killed a dozen people, including two Reuters news staff. WikiLeaks angered Washington by publishing hundreds of thousands of secret U.S. diplomatic cables that laid bare critical U.S. appraisals of world leaders, from Russian President Vladimir Putin to members of the Saudi royal family.

    Mon, 21 Oct 2019 05:47:35 -0400
  • EXPLAINER-What happens next after UK PM Johnson writes Brexit delay letter?

    Prime Minister Boris Johnson will try again to get his Brexit deal passed by parliament on Monday after lawmakers decided to delay their agreement, a humiliating blow for a leader who has staked his reputation on leaving on Oct. 31. On Saturday, Johnson was forced to send a letter to the European Union seeking an extension to his "do or die" deadline of the end of October, but the British leader also sent another one to argue against what he called a "deeply corrosive" delay. Jacob Rees-Mogg, leader of the lower house of parliament, or House of Commons, said on Saturday the government planned to put Johnson's exit deal to a debate and vote on Monday.

    Mon, 21 Oct 2019 05:40:58 -0400
  • NWS confirms a tornado touched down in Dallas news

    The National Weather Service confirmed a tornado touched down in Dallas on Sunday night, causing structural damage and knocking out electricity to thousands. Meteorologist Jason Godwin said radar confirmed the twister hit the ground near Love Field Airport and moved northeast through the city, at around 9 p.m. There were no reports of fatalities or serious injuries as of 12:20 a.m. Monday, according to a release from the city of Dallas, but Fire-Rescue spokesman Jason Evans says three people were hospitalized for evaluation of non-life-threatening injuries. Most of the damage within Dallas was limited to the northwest, with Evans defining the area as bordered by Royal Lane to the north and Northwest Highway to the south, as well as Harry Hines Boulevard to the west and Interstate 75 to the east.

    Mon, 21 Oct 2019 05:39:22 -0400
  • UPDATE 1-EU revises up German 2018 budget surplus, next year's easing seen small

    The data may not bode well for euro zone's economic growth prospects, as the bloc is facing risks of a protracted slowdown, which many economists say could be countered only with a significant increase in governments' spending - especially by Germany, the euro area's largest economy. Eurostat said Germany's revenues last year exceeded expenses by more than previously estimated, allowing Berlin to post a budget surplus of 1.9% of its output, above the 1.7% that Eurostat had calculated in April. The euro zone overall recorded a 0.5% deficit, unchanged from Eurostat's previous estimate as Germany was offset by higher-than-expected spending in other countries, such as Italy, which posted a 2.2% deficit, above the 2.1% estimated earlier.

    Mon, 21 Oct 2019 05:36:14 -0400
  • 4 suspects indicted in case of slain Slovak journalist

    Slovakia's prosecutors have indicted four suspects for the slaying of an investigative reporter and his fiancee, a case that brought down the Slovak government. The prosecutors previously identified him as Marian K., omitting his full surname as is standard in Slovakia. Reporter Jan Kuciak and his fiancee Martina Kusnirova were shot to death in their home on Feb. 21, 2018.

    Mon, 21 Oct 2019 05:36:08 -0400
  • Erdogan says to take next steps in Syria after meeting Putin

    President Tayyip Erdogan said on Monday Turkey would take "necessary" further steps in northeastern Syria after his meeting with Russian President Vladimir Putin on Tuesday, the day that a five-day Washington-brokered ceasefire expires. "We will take up this process with Mr Putin and after that we will take the necessary steps," Erdogan told a forum in Istanbul hosted by broadcaster TRT World, without elaborating. Erdogan is due to hold talks with Putin on Tuesday in Russia's Black Sea resort of Sochi.

    Mon, 21 Oct 2019 05:32:09 -0400
  • Spain will exhume dictator Francisco Franco's remains on Thursday

    Spain will on Thursday remove dictator Francisco Franco's remains from the state mausoleum in which he was buried in 1975, the government said on Monday. The ruling Socialists have long sought to exhume Franco's remains and turn the Valley of the Fallen complex near the capital Madrid into a memorial to the 500,000 people who were killed during the 1936-39 civil war he unleashed. The government had said it would go ahead with its plan by the end this week, and on Monday gave the day and time of the exhumation.

    Mon, 21 Oct 2019 05:22:02 -0400
  • China seeks $2.4 billion in sanctions against U.S. in Obama-era case: WTO news

    China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, a document published on Monday showed. WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove tariffs on solar panels, wind towers, steel cylinders and aluminium extrusions.

    Mon, 21 Oct 2019 05:17:40 -0400
  • The Latest: Post-tornado search stalls, no deaths reported news

    Dallas Fire-Rescue says there have been no reports of fatalities or serious injuries in the aftermath of a Sunday night tornado, but three people were hospitalized for evaluation of non-life-threatening injuries. Spokesman Jason Evans says search teams conducted primary assessments on accessible structures for six hours overnight, but their efforts were "hampered by limited access and lack of proper lighting." A second set of teams will resume search efforts in daylight. Evans says the damage within Dallas is limited to an area bordered by Royal Lane to the north and Northwest Highway to the south, as well as Harry Hines Boulevard to the west and Interstate 75 to the east — essentially, northwest Dallas.

    Mon, 21 Oct 2019 05:12:09 -0400
  • Area burned in 2019 forest fires in Indonesia exceeds 2018 - official

    The amount of land in Indonesia consumed by fires through September this year has exceeded the amount burned during all of 2018, according to data given by a government official on Monday. Raffles Panjaitan, forest fire management acting director at the Forestry and Environment Ministry, told reporters that by the end of September 2019 a total of 857,756 hectares (2.12 million acres) had been burned. The fires have consumed the most land since 2015, when government data showed 2.6 million hectares burned.

    Mon, 21 Oct 2019 05:10:30 -0400
  • GLOBAL MARKETS-Stocks gain on hopes for progress in trade war and Brexit

    World shares nudged higher on Monday, as hopes for progress towards resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave cause for riskier bets. MSCI's world equity index, which tracks shares in 47 countries, gained 0.2%, with the broad Euro STOXX 600 adding 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, with Chinese shares gaining 0.3%.

    Mon, 21 Oct 2019 05:07:55 -0400
  • ‘Despair’: Hundreds of inmates serving life for crimes as juveniles waiting for resentencing news

    In 1996, Clifton Gibson was tried and convicted of first degree murder. It was a crime he committed two years earlier at the age of 17 -- killing a man during a robbery -- and one for which he takes full responsibility. It was also a crime for which he received life without parole, plus 18 years and 4 months.

    Mon, 21 Oct 2019 05:06:00 -0400
  • China seeks $2.4 billion in sanctions against U.S. in Obama-era case - WTO

    China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, a document published on Monday showed. WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove tariffs on solar panels, wind towers, steel cylinders and aluminium extrusions.

    Mon, 21 Oct 2019 05:03:41 -0400
  • Say namaste to neck pain and improve your posture with these 6 super easy yoga poses news

    Whether it’s due to their work for acting roles, their workouts, or their practice, one thing’s for sure: many of them don’t struggle with poor posture due to being sedentary or stuck being seated at a desk from 9 to 5 Monday through Friday like most of us. As a certified yoga instructor, I turn to yoga to help with posture and issues like neck pain. The relaxation and clear-mindedness felt after a great yoga class is amazing.

    Mon, 21 Oct 2019 05:02:46 -0400
  • FEATURE-Promise of an empty box: Mini-pantries bring free food, solidarity to U.S. streets

    Amanda Santana and Anna Rissi, both 12, had placed the dresser in their Alexandria neighbourhood last year and attached written instructions: "Take what you need, leave what you can". The area's residents regularly fill up the "pantry" with non-perishable food items, toiletries and toys to make them readily available - for free - to anyone who needs them, the girls said. The initiative's founder, Jessica McClard, modelled it off of the Little Free Library project, in which community members and businesses in more than 90 countries have built freestanding boxes in cities where the public can leave and take books.

    Mon, 21 Oct 2019 05:00:00 -0400
  • Putin steps up push for influence in Africa with broadside against West

    President Vladimir Putin stepped up Russia's push for influence in Africa days before he hosts a summit with African leaders, saying on Monday that Moscow can offer help without political conditions unlike what he cast as the exploitative West. The Kremlin has said it expects 47 African leaders to converge on the Black Sea city of Sochi for the Oct. 23-24 event, Moscow's first Russia-Africa summit and part of an ambitious push for influence and business in Africa.

    Mon, 21 Oct 2019 04:59:38 -0400
  • UPDATE 1-European shares rise amid Brexit tussle as focus shifts to earnings

    European shares rose on Monday with investors turning their focus to earnings, while remaining hopeful that Britain would be able to avoid a disorderly exit from the European Union. British Prime Minister Boris Johnson will again try to put his Brexit deal to a vote in parliament later in the day after he was forced by his opponents to send a letter seeking a delay from the European Union.

    Mon, 21 Oct 2019 04:57:57 -0400
  • UPDATE 1-Lion Air 737 MAX families set for crash report briefing

    Indonesia plans to share a final report into a deadly Boeing Co 737 MAX crash with the families of victims on Wednesday, according to a spokesman for the country's air accident investigator. The 737 MAX was grounded worldwide following a second deadly crash in Ethiopia in March 2019.

    Mon, 21 Oct 2019 04:46:25 -0400
  • UK PM Johnson on right side of the law over Brexit delay letter - lawyer

    British Prime Minister Boris Johnson is on the right side of the law after he reluctantly sent a letter requesting a Brexit delay at his opponents' behest, a lawyer who has worked on high-profile cases challenging the government said on Monday. Johnson's defeat in the British parliament on Saturday over the sequencing of the ratification of his deal exposed the prime minister to a law passed by those opposed to a no deal departure, demanding he request a delay until Jan. 31. Johnson sent the request note as required, but unsigned, and added another signed letter arguing against what he cast as a deeply corrosive delay.

    Mon, 21 Oct 2019 04:43:05 -0400
  • UPDATE 1-UK midcaps recover on lower risk of no-deal Brexit

    UK midcaps recovered from early losses to edge higher on Monday on hopes that a no-deal Brexit will be avoided even though uncertainties persisted as lawmakers forced Prime Minister Boris Johnson to seek another extension from the European Union. An index of midcap companies added 0.4% by 0750 GMT, after initially dropping as much as 0.3%, while the exporter-heavy FTSE 100 advanced 0.6% as the pound stayed in the red. In a parliamentary showdown on Saturday, lawmakers voted in favour of an amendment exposing an unwilling Johnson to request the European Union for a delay to the Brexit deadline and withheld support for the last-minute divorce deal.

    Mon, 21 Oct 2019 04:42:35 -0400
  • Rioting migrants torch cars, injure policeman at Maltese holding centre

    Rioting migrants in Malta set at least five staff cars on fire and injured a policeman in their holding centre as they demanded their freedom. The violence broke out Sunday night at a former British army barrack in Hal Far, close to Malta's airport. The migrants took control of part of the compound, but a police spokesman said the situation was brought back under control in the early hours of Monday.

    Mon, 21 Oct 2019 04:41:00 -0400
  • INTERVIEW-Afghanistan struggles to find housing for returning refugees

    H ousing millions of refugees returning to Afghanistan is one of the biggest challenges facing the country as it attempts to meet the basic needs of its people amid the world's longest-running war, a senior government official said. There are more than 2.6 million registered refugees in the world from Afghanistan, the highest number after Syria, according to the United Nations. Hundreds of thousands of Afghan refugees are being forced back, or returning of their own accord and struggling to find housing in the cities where they often settle for jobs, said Abdul Baqi Popal, the deputy minister of municipalities.

    Mon, 21 Oct 2019 04:40:12 -0400
  • EMERGING MARKETS-Trade optimism lifts EM markets, lira weakens with eyes on Syria

    Signs of progress in U.S.-China trade talks lifted emerging stocks on Monday and propelled an index of developing world currencies to an 80-day high, while Turkey's lira weakened as all eyes remained on Ankara's latest military movements in Syria. "(His comments) are excellent for global risk sentiment as it's more confirmation that Phase One (of a U.S.-China trade deal) is likely a done deal," said Stephen Innes, Asia Pacific market strategist at AxiTrader. The South Korean won led gains among Asian currencies as the data spurred bets for more stimulus, while the rally in stock markets across Asia spilled over into European hours, with Russian stocks up 0.3%, while those in South Africa gained 0.5%.

    Mon, 21 Oct 2019 04:38:19 -0400
  • Sterling steady as traders wait for another Brexit deal vote in parliament

    Sterling held steady on Monday as investors assessed the outlook for Brexit developments this week after parliament forced Prime Minister Boris Johnson to write to the European Union to ask for a delay to Britain leaving the bloc. The pound remained within a whisker of its recent highs though as most market participants believed a no-deal Brexit was off the table.

    Mon, 21 Oct 2019 04:37:16 -0400
  • AP Interview: Montenegro PM: Wrapping up Brexit is positive

    The prime minister of Montenegro — a small Balkan nation that is the next in line to join the European Union — has expressed hope that once Brexit is finalized the EU's enlargement policy would regain importance. Dusko Markovic tells The Associated Press that once the issue of Britain's departure from the bloc is wrapped up it would "free the EU from a major problem" and herald "new opportunities for candidate countries" such as Montenegro.

    Mon, 21 Oct 2019 04:34:42 -0400
  • U.S. troops cross into Iraq as part of withdrawal from Syria

    U.S. troops crossed into Iraq early on Monday, part of a withdrawal from northeast Syria ordered by President Donald Trump that opened the way for Turkish troops to launch an offensive against Kurdish fighters in the area. A Reuters cameraman saw more than 100 vehicles crossing from the northeast tip of Syria, where Turkey has agreed to pause its offensive for five days under a deal agreed between Washington and Ankara. Reuters video images showed armoured vehicles carrying U.S. troops through the Sahela border crossing into Iraq's northern province of Dohuk.

    Mon, 21 Oct 2019 04:27:49 -0400
  • How to make an awesome cheese board news

    When it comes to a party, you'll find us by the cheese board. A stellar cheese board is the star of any party. Murphy, who is a regular judge on "Chopped" and recently hosted the 12th annual New York City Wine & Food Festival, said the most important factors are quality and variety.

    Mon, 21 Oct 2019 04:16:05 -0400
  • These candy spoons make eating twice as fun news

    These candy spoons make eating twice as fun originally appeared on goodmorningamerica.comTie dye candy spoons are an easy DIY to sweeten any food you eat with a spoon.It's a great item to stick in a kid's lunch box or give to your friends.In just four easy steps you'll have fun edible spoons.1. What you'll needMaking candy spoons is super simple -- it's a craft you can do by yourself or with younger kids. Different colored candy melts Silicon spoon mold (We got ours from Pampered Chef.) Microwavable bowlsFor extra fun choose the colors of candy melts based on the holiday or occasion. ...

    Mon, 21 Oct 2019 04:09:10 -0400
  • FOREX-Sterling slips on Brexit vote delay, dollar claws higher

    Sterling fell as much as 0.5% after Britain's parliament delayed a crucial vote on the government's new Brexit plan, while the dollar, which is on course for its worst month since January 2018, clawed higher. Goldman Sachs said it sees the chance of a 'no deal' Brexit reduced to just 5%, from 10% previously.

    Mon, 21 Oct 2019 04:04:54 -0400
  • Halloween spending expected to reach an un-BOO-lievable $8.8 billion in 2019 news

    This Halloween, beware of how the holiday will hit your wallet. Halloween spending is projected to reach $8.8 billion this year, with each shopper spending an average of $86.27 on the holiday, according to a report from theNational Retail Federation. A much smaller amount -- $390 million -- will be spent on seasonal greeting cards.

    Mon, 21 Oct 2019 04:04:49 -0400
  • UPDATE 2-British PM pushes for Brexit deal vote after being forced to seek delay

    British Prime Minister Boris Johnson will again try to put his Brexit deal to a vote in parliament on Monday after he was forced by his opponents to send a letter seeking a delay from the European Union. With just 10 days left until the United Kingdom is due to leave the EU on Oct. 31, the divorce is again in disarray as Britain's political class argue over whether to leave with a deal, exit without a deal or hold another referendum.

    Mon, 21 Oct 2019 04:03:42 -0400
  • Norway wealth fund buys stake in logistics property in London

    Norway's sovereign wealth fund has bought a logistics property in the London suburb of Greenford together with investment partner Prologis, the fund's manager, Norges Bank Investment Management (NBIM) said in a statement on Monday. NBIM paid 35.1 million pounds for its 50% stake. "Prologis has acquired the remaining 50% interest and will perform the asset management on the property on behalf of the joint venture," NBIM said in a statement.

    Mon, 21 Oct 2019 04:02:31 -0400
  • Provocative, voyeuristic and a little naughty: The event you can’t miss on Halloween news

    Part of the annual event Creep L.A., Haus of Creep features a new storyline with more than a dozen interactive installations and 20 spooky characters. "Haus of Creep is an open-world experience that kind of came out of the idea of Instagrammable culture and what happens to us when we are consuming things at such a rapid pace, that idea of always [being] on," said Kristin Childers, a producer with Just Fix It Productions, which created the Haus of Creep experience. "With the growing popularity of 'grammable museums,' businesses and consumers are devouring art as a commodity," it says on the website for Creep L.A.

    Mon, 21 Oct 2019 04:02:28 -0400
  • Spain to exhume Franco's remains Thursday news

    The Spanish government says it will exhume and relocate the remains of late military dictator Gen. Francisco Franco on Thursday. In a statement Monday, the government said the remains would be taken from the grandiose mausoleum at the Valley of the Fallen complex outside Madrid and taken to a discreet grave close to the capital by helicopter. The procedure was authorized after the Supreme Court recently dismissed the objections by Franco's family.

    Mon, 21 Oct 2019 04:02:27 -0400
  • N.Irish DUP lawmaker: we shall not support EU customs union proposal

    A lawmaker from the Northern Irish Democratic Unionist Party said on Monday that it would not support a possible amendment to Prime Minister Boris Johnson's Brexit deal that would put the United Kingdom in a customs union with the European Union. "We are clear where we stand on the customs union as something that we cannot support and will not support, and I believe that that will be the stance we will have later on when we see the wording," DUP lawmaker Jim Shannon said.

    Mon, 21 Oct 2019 03:56:09 -0400
  • Euro zone bond yields rise on hopes for Brexit deal approval

    Euro zone bond yields rose on Monday as investors sold safer assets on the receding risk of a British no-deal exit from the European Union and in the belief that the UK parliament could yet approve a Brexit agreement. Optimism over Brexit negotiations - last week the European Union and Britain agreed a new deal - has fuelled a selloff in euro zone bond markets.

    Mon, 21 Oct 2019 03:52:23 -0400
  • UPDATE 1-Spanish PM to visit Barcelona, criticises regional chief

    Spain's acting prime minister said he would visit Barcelona on Monday to see police injured in protests that have racked Catalonia and accused the region's pro-separatist leader of failing in his duties. In a toughly worded letter, Prime Minister Pedro Sanchez said Catalonia's regional chief Quim Torra had "turned his back" on the embattled security forces and reiterated that he needed to condemn forcefully the recent unrest. Barcelona has been hit by seven consecutive nights of sometimes violent protests following the jailing last week of nine Catalan separatists found guilty of sedition over their role in leading a failed 2017 drive for independence.

    Mon, 21 Oct 2019 03:51:19 -0400
  • Search for small plane missing near North Carolina airport

    Operations were temporarily halted at a busy North Carolina airport Sunday night after it lost radar contact with an approaching small plane, launching a search around a densely forested state park nearby. A statement posted on the Raleigh-Durham International Airport website said air traffic controllers notified the airport that a small aircraft was lost on radar about 7:25 p.m. as it approached the airport. The statement added that airport firefighting units were immediately dispatched to the vicinity of William B. Umstead State Park, not far from the airport.

    Mon, 21 Oct 2019 03:42:54 -0400
  • UPDATE 1-Berlin rent freeze prompts Deutsche Wohnen share slide

    Deutsche Wohnen and other German property companies' shares were hit on Monday by Berlin city government's approval of a plan to freeze rents in the German capital for five years. Shares in Deutsche Wohnen, the largest private landlord in Berlin, fell by as much as 4.5% in reaction to the blueprint approved on Friday by the Berlin Senate, which also includes capping subletting contracts. Deutsche Wohnnen shares were trading 3.6% lower at 0714 GMT, while shares in Vonovia, Grand City Properties , TAG Immobilien and LEG Immobilien were also down.

    Mon, 21 Oct 2019 03:41:30 -0400
  • UPDATE 1-Indonesia president targets "innovative" cabinet, taps Gojek CEO

    Indonesian President Joko Widodo said on Monday he wanted "innovative" ministers in his cabinet for a second term, as the co-founder of tech startup Gojek said he would join and a former chairman of Inter Milan soccer club was tipped for a post. The make-up of the cabinet is being closely watched to see how many are technocrats, who are more likely to fall in with Widodo's reform agenda. There has also been speculation that Widodo's challenger in April's bitterly fought presidential election, Prabowo Subianto, or other members of the opposition could join.

    Mon, 21 Oct 2019 03:32:21 -0400
  • GSK to sell two vaccines in $1.1 billion deal to focus on newer treatments news

    The sale of anti-rabies treatment Rabipur and Encepur, used for the prevention of tick-borne encephalitis, to the Denmark-based biotechnology firm includes an upfront payment of 301 million euros and milestone payments of up to 495 million euros. Chief Executive Officer Emma Walmsley has been pushing for a leaner structure since she took over in 2017 by spinning off or selling units to focus on reinvigorating GSK's pharmaceuticals business. It staged a comeback into cancer treatments with a $5.1 billion buyout of U.S. drugmaker Tesaro in December last year.

    Mon, 21 Oct 2019 03:30:43 -0400
  • Rich Chinese outnumber wealthy Americans for first time - Credit Suisse

    The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank's annual wealth survey released on Monday found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the United States. "Despite the trade tension between the United States and China over the past 12 months, both countries have fared strongly in wealth creation, contributing $3.8 trillion and $1.9 trillion respectively," said Nannette Hechler-Fayd'herbe, global head of economics and research at Credit Suisse.

    Mon, 21 Oct 2019 03:30:00 -0400
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