Managers of hedge funds said to Reuters the worry over the US government defaulting on its debt payments was not as dire as they had experienced during the days leading to the collapse of financial services firm Lehman Brothers.
North America
Police arrests airport employee for causing dry ice explosions in LAX
Police arrested a baggage handler for the Sunday ice explosions at the Los Angeles Airport. The Los Angeles Police Department (LAPD) arrested an airport employee today for causing the dry ice explosions at the Los Angeles Airport (LAX) on Sunday.
Study finds Oreos addictive like cocaine
A study found that Oreo cookies were as addictive as cocaine. A recent study conducted by a team at Connecticut College in New London found that Oreo cookies were as addictive as cocaine, the LA Times reported.
Hydraulic clutch issues cause Harley-Davison to recall motorcycle units
Harley-Davidson recalled some motorcycle units because of problems with its hydraulic clutch system.
After Apple, Twitter appoints ex-Google executive to head retail
Twitter Inc hired former Google advertising executive J.J. Hirschle to head its retail advertising sales team days after Apple Inc announced hiring a retail division chief.
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BlackRock CEO Laurence D. Fink said the tapering by the US Federal Reserve would be extended until the March.
A payment of USD260.7 million was paid to Berkshire Hathaway for the exercise of its warrants from General Electric Co.
Wrigley issued a number of debt instruments with specific term lengths, yields and interest rates. An amount worth USD3 billion through a five bond offer was done by Mars Inc's Wm Wrigley Jr Co.
Ahead of its IPO, Twitter hired JJ Hirschle, a former Google advertising executive as the company aimed to expand its businesses and strengthened its workforce.
US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.
Jos. A. Bank Chairman Robert Wildrick said in an interview last Wednesday that the US apparel retailer had received strong support from top shareholders in the company for its Men's Wearhouse Inc. bid valued USD2.3 billion.
Egyptian telecoms magnate Naguib Sawirirs said that the unclear telecommunications policy in Canada would jeopardize foreign investment.
Richmond resident trustees have filed an appeal on a decision made by US District Judge Charles Breyer dismissing the eminent domain case.
According to officials who sought anonymity, House Speaker John Boehner and other Republican leaders in the House would approve the Senate drafted deal on the debt ceiling and the budget.
