JERUSALEM (Reuters) – Israel is considering building an artificial island with sea and air ports off blockaded Gaza, as a long-term solution to shipping goods into the Hamas-run Palestinian enclave, the transport minister said. Yisrael Katz told Army Radio on Wednesday he wants an international force to control the island for…
TOKYO (Reuters) – Tokyo Electric Power warned on Wednesday that a $24 billion bank loan was not enough to keep it afloat and pay for Japan’s worst nuclear disaster, adding to expectations the government will step in to bail out the stricken company. Asia’s largest utility, whose share price has crashed nearly…
WASHINGTON – A scare over irradiated food from Japan has sparked a global rush to buy radiation detectors, US dealers said Tuesday, with most reporting they have no more stock to sell. Buyers, especially from Pacific rim countries, are snapping up geiger counters amid worries that radiation from the hobbled…
SAN FRANCISCO – US online music service Bluebeat will pay British recording label EMI nearly a million dollars to avoid trial in a case over rights to stream and sell versions of Beatles songs. Along with paying $950,000, Bluebeat agreed to “permanently cease and desist” from infringing on copyrighted music…
Managers who were onboard the doomed Deepwater Horizon oil rig may face manslaughter charges over the deaths of 11 workers in last year’s mega-disaster that swamped the Gulf of Mexico with tar and crude. “People familiar with the matter” reportedly informed Bloomberg News of the possible charges. They also said…
In protest of a lawsuit against the file-sharing company LimeWire, the decentralized community of hacktivists known as “Anonymous” briefly knocked the website of Warner Bros. Records Inc. offline on Monday. Warner Bros. Records and 12 other record companies are seeking $400 billion to $75 trillion in damages from LimeWire after…
WASHINGTON – Sprint Nextel, the third-largest US wireless provider, urged US regulators on Monday to block AT&T’s $39 billion acquisition of T-Mobile USA, saying it would harm competition. “Sprint urges the United States government to block this anti-competitive acquisition,” Sprint senior vice president for government affairs Vonya McCann said in…
Hiromasa Yonekura, chairman of the Japan Business Federation, said the influential lobby would not fight the government if it decided to shelve a plan to lower the corporate tax rate, which at around 40 percent is among the highest in the industrialized world. Economics Minister Kaoru Yosano suggested last week the government…
WASHINGTON (Reuters) - U.S. consumer spending rose for an eighth straight month in February as households tapped savings to cover higher food and energy prices. Spending rose 0.7 percent in February after a 0.3 percent increase in January, and inflation accelerated at its fastest pace since June 2009, the Commerce Department said on Monday. Adjusted…