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Detroit creditors want role in considering art PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 22 January 2014 13:10

DETROIT (AP) — A judge overseeing Detroit's bankruptcy has heard arguments from creditors who want a role in deciding what to do with the city's valuable art collection.

Judge Steven Rhodes says he'll make a decision Wednesday afternoon. But his comments suggest he's not in favor.

Creditors filed a request two months ago to have a say in the appraisal of art and any potential way to make money from it. But since then, a coalition of foundations has pledged to give more than $300 million to prevent any sale and shore up Detroit pensions. Separately, Gov. Rick Snyder has talked to state lawmakers about the state chipping in.

Christie's auction house appraised about 2,800 paintings, sculptures, pottery and other city-owned art. They're valued between $454 million and $867 million.


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Experts: Target hackers will be tough to find PDF  | Print |  E-mail
Written by BREE FOWLER, AP Technology Writer   
Wednesday, 22 January 2014 07:32

NEW YORK (AP) — It doesn't surprise experts that some debit and credit card numbers stolen from Target's computer systems may have surfaced among nearly 100 fake credit cards seized by police in Texas this week.

Even so, they say the bust is unlikely to lead authorities directly to the hackers behind the breach, given the vast, labyrinthine nature of the global market for stolen data.

According to police in McAllen, Texas, two Mexican citizens arrested at the border used account information stolen during the pre- Christmas Target breach to buy tens of thousands of dollars' worth of merchandise. But the U.S. Secret Service said Tuesday its investigation into the possibility of a link between the Target data theft and the arrests remains ongoing.

Target says hackers stole about 40 million debit and credit card numbers from cards swiped at its stores between Nov. 27 and Dec. 15. The thieves also took personal information — including email addresses, phone numbers, names and home addresses — for another 70 million people.

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EU ups emission limits, relaxes renewables target PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 22 January 2014 07:50

BRUSSELS (AP) — The European Commission is proposing tougher binding targets to limit greenhouse gas emissions but is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.

The commission, the 28-nation bloc's executive arm, is calling for greenhouse gas emissions to be reduced by 40 percent by 2030 compared with 1990 levels, revised upward from its existing 2020 target of a 20 percent reduction.

But to the dismay of Germany, pro-environmentalist groups and others, it is not proposing tougher binding renewable energy targets for each nation, but only introduces a less ambitious pan-European goal of 27 percent by 2030.

Wednesday's commission proposal will shape the EU's energy and climate action policies over the coming years. The proposal still needs approval from EU governments and the European Parliament.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Subcompact cars fare poorly in new crash tests PDF  | Print |  E-mail
Written by DEE-ANN DURBIN, AP Auto Writer   
Wednesday, 22 January 2014 07:30

DETROIT (AP) — Subcompact cars fared poorly in new crash tests performed by an insurance industry group.

None of the 12 minicars tested got the highest rating of "good" from the Insurance Institute for Highway Safety. The Chevrolet Spark was the only car that earned the second-highest rating of "acceptable." Six of the cars — including the segment's best-seller, the Nissan Versa — got the lowest rating of "poor."

All of the cars were from the 2013 or 2014 model years.

"Small, lightweight vehicles have an inherent safety disadvantage. That's why it's even more important to choose one with the best occupant protection," said Joe Nolan, IIHS's senior vice president for vehicle research.

The institute's small overlap test, which was introduced in 2012, mimics what happens when a car's front corner collides with another vehicle or an object like a utility pole. In the test, 25 percent of a vehicle's front end on the driver's side strikes a rigid barrier at 40 mph.

The test differs from the U.S. government's frontal crash test, in which a car strikes a rigid barrier head-on at 35 mph.

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