United States (KaiserHealth) – President Barack Obama and House Speaker John Boehner on Monday night offered competing views on the state of debt talks and proposals. While neither touched heavily on overhauling entitlement spending, especially Medicare, the president mentioned it several times. Medicare has been one of the most contentious roadblocks to striking a deal [...]
John Nestor – AHN Sports Correspondent New York, NY, United States (AHN Sports) – NBA players filed an unfair labor practices charge against the league Tuesday with the National Labor Relations Board. In the complaint the players accuse the league of “harsh, inflexible and grossly regressive ‘takeaway’ demands.” The National Basketball Players Association is seeking [...]
Linda Young – AHN News Writer London, United Kingdom (AHN) – British Airways and the Unite union have hammered out a deal to end a long-standing that now only awaits ratification by the ballot vote of nearly 10,000 cabin crew members. Ratification looks likely because 2,000 cabin crew members of the British Airlines Stewards and [...]
Linda Young – AHN News Writer New Brunswick, NJ, United States (AHN) – Venerable Johnson & Johnson announced plans to pay $21.3 billion for Swiss-American orthopedic device manufacturer Synthes. Synthes is a leading global manufacturer of orthopedic devices. J&J plans to merge its DePuy Companies and Synthes. That merger will create J&J’s largest medical devices [...]
Britain will soon sign a disclosure agreement with Switzerland that would force thousands of Britons who have secret accounts in Swiss banks to pay taxes on interest income, dividends and untaxed income. The estimated amount of the deposits is $187.50 billion (GBP 125 billion). View full post on Banking Stories
Anil Giri – AHN News Correspondent Kathmandu, Nepal (AHN) – Nepal and the United States clinched their first bilateral trade agreement Friday, opening the doors for preferential entry of Nepali goods. The Trade and Investment Framework Agreement (TIFA) will provide a forum for bilateral talks to enhance trade and investment, discuss specific trade issues, and [...]
The full extent of the budget deal reached late Friday did not become clear until today “after congressional aides worked all weekend and all day Monday to shape a detailed spending plan based on the framework that Obama and congressional leaders agreed to Friday,” the Washington Post reports. “In several cases, what look like large [...]
Investors have piled back into Suzlon Energy, the wind-turbine maker that’s behind on debt payments, as it takes steps to improve margins, reduce loans and generate cash. View full post on All Stories
Fund downgrades forecast on UK economy for third time in a year in report that suggests rising unemployment and social unrest The International Monetary Fund (IMF) has cut its 2011 growth forecast for the UK economy to 1.75%, its third downgrade in a year. The cut cements the widely held view that Britain faces a [...]
Senate Minority leader Mitch McConnell made historical allusions to the 1995 budget shutdowns on Friday as the current Congress avoided a shutdown of its own by reaching a deal to fund the federal government for the rest of the fiscal year. View full post on All Stories
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