Business
ABN Amro chief says Dutch bank ready to privatize
The chief executive of ABN Amro says the Dutch bank is ready to be privatized. Gerrit Zalm said on a late-night television talk show Wednesday that the bank is sufficiently capitalized and had remained profitable despite a recession in the Netherlands. "We're ready," said Zalm, a former finance minister. The ...
Hong Kong firm to buy 60 single-aisle Airbus jets
A Hong Kong aircraft leasing company has agreed to buy 60 Airbus single-aisle jets, which have been selling well at this week at the Paris Air Show. Hong Kong Aviation Capital placed an order Thursday for 40 of the new generation A320 jets and 20 new generation A321s. At list ...
Regulators order lenders to raise more capital
British regulators are ordering some of the country's biggest banks to bolster their balance sheets by 27. 1 billion pounds ($42.1 billion) to prevent a repeat of the 2008 banking crisis. The Prudential Regulation Authority said Thursday that Barclays, Lloyds Banking Group and Royal Bank of Scotland account for much ...
Oil falls below $97 on likely Fed tapering
Oil prices fell Thursday, a day after the Federal Reserve indicated it could begin to wind down its massive stimulus program later this year, as long as the U.S. economy remains on the upswing. U.S. benchmark oil for July delivery fell $2.08 to $96.16 per barrel by late afternoon Bangkok ...
AP buys stake in live video service Bambuser
The Associated Press said Thursday that it has bought a minority stake in the live video service Bambuser, boosting its ability to acquire and distribute video collected by people who have witnessed news events. Financial terms were not disclosed. As part of the deal, Sandy MacIntyre, AP's director of global ...
France threatens Google with privacy fines
France is giving Google three months to abide by the country's data privacy laws or be fined. The chief of the French agency that regulates information technology says that five other European countries are taking similar steps in a staggered offensive against Google's privacy policy between now and the end ...
Does Future of Human Race Depend on Kansas Mine?
If the world's population is wiped off the map by a meteorite or nuclear missiles, the survival of the human race might just depend on a few thousand people huddled in the bowels of an eastern Kansas mine. (June 20)
House to vote on cuts to crop insurance
The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue. The amendment by Rep. Ron Kind, D-Wis., would limit government help for crop insurance paid to wealthy farmers and limit the subsidies the government gives crop insurance companies. A ...
Sony chief says time needed to study proposal
Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday. Sony Chief Executive Kazuo Hirai was speaking to a Tokyo hall packed ...
House votes to delay food safety rules
The House has voted to delay sweeping food safety rules that would require farmers and food companies to be more vigilant about guarding against contamination. Lawmakers adopted an amendment by voice vote to a wide-ranging farm bill late Wednesday that would delay the rules signed into law in 2011 until ...
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