Financial
Missing Georgia bank director arrested PDF  | Print |  E-mail
Written by KATE BRUMBACK, Associated Press   
Wednesday, 01 January 2014 08:05

ATLANTA (AP) — A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.

Aubrey Lee Price, 47, was arrested Wednesday during a stop for a vehicle and traffic violation on Interstate 95 in Brunswick by members of the Glynn County Sheriff's Department, the U.S. attorney's office in Savannah said. Price is set to make his initial appearance before a federal judge in Brunswick on Thursday.

Price disappeared in June 2012 after sending a rambling letter to his family and acquaintances that investigators described as a confession. A Florida judge declared him dead a year ago, but the FBI had said it didn't believe Price was dead and continued to search for him.

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Bombardier said to win order for $2.2B in jets PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 01 January 2014 08:03

NEW YORK (AP) — Bombardier Inc. said Tuesday it has received a firm order for 38 business jets with a combined list price of about $2.2 billion.

Bombardier didn't disclose the precise value of the deal — customers such as airlines routinely get discounts from plane manufacturers — and didn't identify the buyer.

The Canadian plane maker said the order covered 28 Global jets and 10 Challenger 605 aircraft. The Global line includes four models capable of carrying up to 19 passengers on flights as long as 7,900 nautical miles. The Challenger jet can carry 12 passengers and a crew of three up to 4,000 nautical miles.

Separately, Bombardier announced that its transportation division ended a contract for new signaling equipment for the London Underground. The subway system said it would re-bid a contract that was awarded to Bombardier in 2011 and valued at $577 million at the time.

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Latvia becomes 18th country to adopt the euro PDF  | Print |  E-mail
Written by ROMAN KOKSAROV, Associated Press   
Wednesday, 01 January 2014 08:04

RIGA, Latvia (AP) — Latvia celebrated the new year as the 18th member of the eurozone, which for all its dents and bruises still represents stability and security to the Baltic country's leaders.

The euro became Latvia's official currency after midnight local time Tuesday (2200 GMT Monday) as New Year's rockets exploded in the skies over the capital, Riga.

Acting Prime Minister Valdis Dombrovskis withdrew the first euro note from a bank machine in a ceremony in Riga after Latvian TV showed pre-recorded greetings from European leaders welcoming his country to the eurozone.

"It's a big opportunity for Latvia's economic development becoming a member of the world's second biggest currency," Dombrovskis said.

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Key gas drilling health study collecting Pennsylvania data PDF  | Print |  E-mail
Written by KEVIN BEGOS, Associated Press   
Wednesday, 01 January 2014 07:53

PITTSBURGH (AP) — Almost two years after it began, a much-publicized plan to study possible health impacts from gas drilling is still in the process of collecting data.

Geisinger Health Systems, of Danville, began seeking partners for the long-term project in early 2012. It's secured at least $1.3 million in funding and has attracted a wide range of medical, environmental and academic partners. For now, the main goal is to build a data warehouse available to researchers.

Geisinger spokeswoman Patti Urosevich said in an email that the project has collected Pennsylvania data on traffic and accidents, air pollution emissions, and the locations of thousands of gas wells and more than 600 compressor stations, which feed the gas through pipelines.

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