Cerberus Hands Gunmaker to Wall Street Creditors at Tense Moment thumbnail
Business

Cerberus Hands Gunmaker to Wall Street Creditors at Tense Moment

Stephen A. Feinberg spent the past decade building America’s leading firearms empire. Now, as the nation convulses after its latest massacre, he’s plunging into a politically fraught corporate bankrupty. Amid rage over the Feb. 14 Florida school shooting, Feinberg’s Remington Outdoor Co. is trying to pull off a swift trip through the court. The process…

World's Biggest Sovereign Wealth Fund Delivers Record Return thumbnail
Business

World’s Biggest Sovereign Wealth Fund Delivers Record Return

The world’s biggest sovereign wealth fund will continue to invest in the U.K. no matter what the outcome of Brexit talks. “We remain a long-term and committed investor in the U.K. in all asset classes,” Norges Bank Investment Management’s Chief Executive Officer Yngve Slyngstad said at a press conference in Oslo, where the fund is…

Report: Inequality remains 50 years after Kerner Report thumbnail
World

Report: Inequality remains 50 years after Kerner Report

ALBUQUERQUE, N.M. (AP) — Barriers to equality are posing threats to democracy in the U.S. as the country remains segregated along racial lines and child poverty worsens, says a study examining the nation 50 years after the release of the landmark 1968 Kerner Report. The new report released Tuesday blames U.S. policymakers and elected officials,…

Israel suspends plan to tax Jerusalem church properties thumbnail
World

Israel suspends plan to tax Jerusalem church properties

JERUSALEM (AP) — Jerusalem’s mayor on Tuesday suspended a plan to impose taxes on properties owned by Christian churches, backing away from a move that had enraged religious leaders and led to the closure of the Church of the Holy Sepulchre. In a statement, Prime Minister Benjamin Netanyahu’s office said a professional team was being…

The Latest: Hearing on Cruz canceled after agreement reached thumbnail
World

The Latest: Hearing on Cruz canceled after agreement reached

PARKLAND, Fla. (AP) — The Latest on the aftermath of the mass shooting at a high school in Parkland, Florida (all times local): 9:35 a.m. Prosecutors and defense lawyers for Florida school shooting suspect Nikolas Cruz have reached an agreement on DNA and other samples he’ll provide. The Broward State Attorney’s office says a court…

FedEx bucks corporate trend, sticks with NRA thumbnail
World

FedEx bucks corporate trend, sticks with NRA

NEW YORK (AP) — Another company, FedEx, has become embroiled in an intensifying discussion about guns in the United States after the school massacre in Parkland, Florida. While more than a dozen major U.S. companies have ended business partnerships with the National Rifle Association, FedEx says it’s sticking with the group and has not asked…

Dubai closes case on Indian actress, calls death an accident thumbnail
World

Dubai closes case on Indian actress, calls death an accident

DUBAI, United Arab Emirates (AP) — Dubai investigators on Tuesday closed the case into the death last weekend of Indian movie icon Sridevi, calling it an accidental drowning. The 54-year-old Sridevi, who was known by only one name, drowned in a hotel bathtub after losing consciousness, officials say. Police officials have said the autopsy also…

Diesel car ban approved for German cities thumbnail
Business

Diesel car ban approved for German cities

Image copyright Getty Images Image caption The ruling sets a precedent for all German cities German cities will be allowed to ban older diesel vehicles from some areas following a landmark court ruling. The Federal Administrative Court in Leipzig said the cities of Stuttgart and Duesseldorf could legally ban more older, more polluting diesel cars…

Australian cop quits over 'racist' posts thumbnail
Business

Australian cop quits over ‘racist’ posts

Image copyright Twitter/@3AW693 Image caption Assistant Commissioner Brett Guerin reportedly posted on YouTube under a fake name One of Australia’s most senior police officers has resigned after being linked to “shocking” online posts made under a fake name. Victoria state’s Assistant Commissioner Brett Guerin, who was also head of professional standards, quit on Monday. He…

Merkel enters 'Germans only' food row thumbnail
Business

Merkel enters ‘Germans only’ food row

Image copyright AFP Image caption Police are trying to find out who sprayed “Nazis” graffiti on the vans German Chancellor Angela Merkel is the latest politician to criticise a major food bank’s decision to bar foreigners from receiving free food. The charity Essener Tafel called it a temporary restriction necessary because the share of foreigners…