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Entries Tagged ‘U.S.’

Wall Street Retreats As Investors Turn To Gold

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – U.S. stocks fell slightly on Monday as hedge-seeking investors went for commodities and sent gold prices up to a record high of $1,403 an ounce. The Dow Jones Industrial Average lost 37 points or 0.3 percent to close at 11,407. Boeing [...]

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South Korea Pays Pirates $9 Million For Release Of Supertanker

Windsor Genova – AHN News News Writer Seoul, South Korea (AHN) – Somali pirates claim they have received $9.5 million in ransom from the owners of a South Korean supertanker they hijacked in April. The pirates have freed the ship together with its 24 crew members. South Korea’s foreign ministry confirmed Sunday the release from [...]

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Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The decision by the United States Federal Reserve to pump $600 billion into the nation’s economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China. China and Germany represent the world’s second- and fourth-largest economies respectively. In addition, [...]

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U.S. Worker Productivity Increases

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Increased productivity by American workers pushed down labor costs for employers in the third quarter, according to the U.S. Bureau of Labor Statistics (BLS). Labor cost reductions from employers squeezing more productivity from workers signals that inflation should stay low. Worker costs fell [...]

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iPhone Alarm Clock Glitch Causes Europeans To Be Late for Work

Ayinde O. Chase – AHN News Editor London, United Kingdom (AHN) – An iPhone operating system glitch caused many Europeans to oversleep an hour Monday morning and turn up late to work. iOS 4.1 users in Britain reported their alarm clocks failed to account for the end of Daylight Savings Time. Their phones did in [...]

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Contender for Israeli Labor Leadership Ready to Give Netanyahu Time

The Media Line Staff Tel Aviv, Israel (TML) – Isaac Herzog, who has declared his bid for leadership of Israel’s Labor Party, said the current political constellation had created a “golden opportunity” for reaching an Israeli-Palestinian peace agreement but that Labor won’t remain in the government for long if the government doesn’t act. Speaking before [...]

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Developing: U.S. On Alert After Inbound Packages Contained Explosives

Washington, D.C., United States (AHN) – American authorities say packages intercepted overseas contained explosives destined for the United States. President Barack Obama was alerted late Thursday night, according to the White House, and ordered security officials to be on alert. “Last night, intelligence and law enforcement agencies discovered potential suspicious packages on two planes in [...]

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EU, U.S. At Odds As European Rules Allow Oil, Gas Trading With Iran

AHN News Staff Brussels, Belgium (AHN) – In what could create differences between the Europe Union and the United States, the 27-nation bloc has issued fresh regulations that allow import and export of oil and gas to Iran. “If you want to send a tanker filled with refined petrol to Iran, and you have proved [...]

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Whirlpool 3Q Profits Down 9.2 Percent

Kris Alingod – AHN News Contributor Benton Harbor, MI, United States (AHN) – Whirlpool reported third-quarter profits Wednesday that met analysts’ expectations but declined 9.2 percent. The world’s largest appliance manufacturer lowered its full-year outlook for shipments in North America, citing a challenging economy. Earnings for the quarter ended Sept. 30 was $79 million, or [...]

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Chevron Announces Plans To Drill Deepwater Wells In Gulf Of Mexico

Linda Young – AHN News Writer New Orleans, LA, United States (AHN) – Oil company Chevron announced plans to drill new oil and gas wells in the Gulf of Mexico on Friday, which was only a few days after the government lifted the ban on drilling it imposed in the wake of the disastrous BP [...]

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