Financial
Asiana Airlines penalized over crash PDF  | Print |  E-mail
Written by JUSTIN PRITCHARD, Associated Press   
Tuesday, 25 February 2014 15:40

LOS ANGELES (AP) — Asiana Airlines has been penalized $500,000 for failing to assist family members of passengers on a flight that crashed last year at San Francisco airport, federal transportation officials said Tuesday.

The fine announced by the U.S. Department of Transportation was a first: No airline has broken U.S. laws that require prompt and generous assistance to the loved ones of crash victims.

Three people died and dozens were injured on July 6 when Asiana Flight 214 clipped a seawall while landing.

An investigation by the Department of Transportation concluded that some family members had not been contacted two days after the crash, and it took five days to reach the families of all 291 passengers.

"The last thing families and passengers should have to worry about at such a stressful time is how to get information from their carrier," U.S. Transportation Secretary Anthony Foxx said in a prepared statement.

Read more...
 
No easy bailout plan for Ukraine PDF  | Print |  E-mail
Written by DAVID McHUGH, Associated Press JUERGEN BAETZ, Associated Press   
Tuesday, 25 February 2014 15:37

KIEV, Ukraine (AP) — Ukraine needs money, and fast — in weeks, not months. But bailing out the country of 46 million people will not be as easy as simply writing a big check.

For one, Ukraine has already burned the main global financial rescuer, the International Monetary Fund, by failing to keep to the terms of earlier bailouts from 2008 and 2010.

Now it needs help again, and its economic and financial problems are worse than before.

The currency is sliding, raising concerns that companies that owe money in foreign currency could go bust. Banks are fragile. A rescue with outside lenders can't be agreed until there's a government. And Russia could make things worse by demanding payment of money owed for natural gas supplies.

Read more...
 
First Colorado county reports pot taxes PDF  | Print |  E-mail
Written by KRISTEN WYATT, Associated Press   
Tuesday, 25 February 2014 15:38

DENVER (AP) — A southern Colorado county with two recreational marijuana stores has become the first in the state to announce tax totals from the new industry.

Pueblo County finance authorities announced Monday that its two shops had about $1 million in total sales in January, producing about $56,000 in local sales taxes.

Pueblo County is the only place between Denver and the New Mexico state line that currently allows recreational pot stores. Its two shops were joined by three more that opened in February.

"We recognize that the eyes of the world are watching us, and we are proud to have erected a robust regulatory environment in Pueblo County," County Commissioner Sal Pace said in a statement Tuesday.

Read more...
 
Tokyo-based bitcoin exchange said to be insolvent PDF  | Print |  E-mail
Written by RAPHAEL SATTER, Associated Press YURIKO NAGANO, Associated Press   
Tuesday, 25 February 2014 15:35

TOKYO (AP) — One of the world's largest bitcoin exchanges has seemingly disappeared, delivering a severe blow to the virtual currency as it struggles to gain legitimacy.

A coalition of virtual currency companies said Tuesday that Tokyo-based Mt. Gox went under after secretly racking up catastrophic losses.

Mt. Gox's website was returning a blank page Tuesday. The disappearance of the site follows the resignation Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the exotic new form of money. The exchange had imposed a ban on withdrawals earlier this month.

Prominent supporters of bitcoin — including San Francisco-based wallet service Coinbase and Chinese exchange BTC China — sought to shore up confidence in the currency by saying Mt. Gox's collapse was an isolated case of mismanagement. They said it had abused users' trust, but did not offer details.

Read more...
 
<< Start < Prev 141 142 143 144 145 146 147 148 149 150 Next > End >>

Page 147 of 274

Front Page Stories

Market Square already bustling with business
07/26/2014 | MARIE THOMAS BAIRD Sentinel Education Editor
article thumbnail

Market Square in BG along Wooster Street. (J.D. Pooley/Sentinel-Tribune) Market S [ ... ]


Young man goes west to further his acting career
07/26/2014 | DAVID DUPONT Arts & Entertainment Editor
article thumbnail

Justin Betancourt (left) and Jeffrey Guion perform. (Enoch Wu/Sentinel-Tribune) J [ ... ]


Other Front Page Articles