Source Match Local News
By Jim Finkle and Mark Hosenball BOSTON/WASHINGTON (Reuters) - A cyber attack at a firm that performs background checks for U.S. The breach at Falls Church, Virginia-based US Investigations Services (USIS) exposed highly personal information of workers at the Department of Homeland Security's headquarters as well as its U.S.
By Tim McLaughlin FERGUSON Missouri (Reuters) - In many ways Dwayne James is a beacon of hope in Ferguson, which has been torn apart by racially charged riots. The only black councilman in a predominantly black town, James is widely respected even by political opponents and talked of as a candidate for mayor. "Our city charter provides that our mayor is the spokesperson for the city," James told Reuters, in his first public statement since Ferguson patrol cop Darren Wilson shot Michael Brown, who was unarmed, six times on Aug. 9. Ferguson's black residents complain that they do not have a voice in the town's power structures, and that lack of representation has contributed to the anger that has sparked rioting, they say.
FERGUSON, Mo. (AP) — Conditions calmed this week in Ferguson after nights of sometimes violent unrest stemming from the fatal shooting of a black 18-year-old by a white police officer. But a delicate and crucial question lingers: What happens if the grand jury now considering the case doesn't return a charge against the officer?
By Nick Carey and Edward McAllister FERGUSON Mo. (Reuters) - National Guard troops began leaving Ferguson, Missouri, on Friday in a sign authorities are increasingly confident they have quelled the worst of the violence that erupted after a white police officer fatally shot an unarmed black teenager. “Monday night will be a critical night,” said Bishop Edwin Bass, president of the St. Louis church Urban Initiatives of the Church of God In Christ. "The funeral could have a big impact on the mood of the community.” The White House said it was encouraged by the situation over the past few days, and that President Barack Obama is monitoring and getting regular briefings.
US stocks enjoyed a week of solid gains following a batch of good economic data and mostly strong corporate earnings as concerns about geopolitical hotspots ebbed somewhat. For the week, the Dow Jones Industrial Average leaped 338.31 points (2.03 percent) to 17,001.22. Worries over Ukraine geopolitics returned to markets Friday, when Russia sent a convoy of trucks into Ukraine without authorization. "The upward trend for the market has resumed," said David Levy, portfolio manager at Kenjol Capital Management.
By Michael Connor NEW YORK (Reuters) - Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions dogged trading, while the dollar rose after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously. Ukraine on Friday said Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine, where pro-Russian rebels are fighting government forces. "We will probably be talking about Ukraine through the winter." The Dow Jones industrial average fell 38.27 points, or 0.22 percent, to 17,001.22, the S&P 500 lost 3.97 points, or 0.2 percent, to 1,988.40, and the Nasdaq Composite added 6.45 points, or 0.14 percent, to 4,538.55.
Argentina lashed out Friday at the US judge blocking it from servicing its debt, saying he was "ignorant" of democratic institutions after he branded its move to pay bondholders against his orders illegal. The Argentine government has asked Congress for authority to repay creditors in Buenos Aires instead of New York to circumvent a court order by US District Judge Thomas Griesa that has forced the country into its second default in 13 years. The judge's order bars the country from servicing its restructured debt until it settles a $1.3-billion dispute with two US hedge funds that refuse to accept a write-down on their Argentine bonds. The economy ministry accused Griesa of hijacking Argentina's sovereignty at the behest of the hedge funds, which Buenos Aires calls "vultures" for buying up its debt at steep discounts after its 2001 default, then insisting on full payment.
Chinese oil giant Sinopec said Friday its net profit for the first half of 2014 was up 7.5 percent year-on-year, despite weakened domestic demand for oil products. Asia's largest refiner by capacity said its net profit for the six months to June 30 was 32.54 billion yuan ($5.29 billion), up from 30.28 billion yuan from the same period last year. "In the first half of 2014, China's economy maintained its moderate growth while the growth rate of domestic demand for oil products slowed, with petrochemical product prices declining in the face of severe market competition," it said in the filing. Petroleum products including refined oil products and other refined petroleum products, which makes up almost 60 percent of its turnover and other operating revenues, saw external sales revenue of 809.4 billion yuan, a decrease of 1.3 percent for the reported period compared to 2013.
By Brad Haynes and Silvio Cascione SAO PAULO/BRASILIA (Reuters) - Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid. For years, low unemployment was key to Brazil's emergence as an economic power and important gains in the fight against poverty. The unemployment rate remains near record lows of around 5 percent and the leftist Rousseff regularly touts it as a success of the ruling Workers' Party over the last 12 years.
North Sea oil has been at the centre of fierce debate over Scotland's future ahead of an independence vote next month, with both sides wrangling over the outlook for the region's treasure trove of black gold. Around 42 billion barrels of oil and gas have been extracted from the North Sea since the early 1970s, providing a welcome boost to the British government's coffers -- and Scotland's economy. Now, with Scotland heading to the polls on September 18 in a referendum that could spell the end of the 300-year-old union with England, its lucrative energy resources are in sharp focus. British Prime Minister David Cameron's coalition government is calling on Scots to reject independence, while the devolved Scottish administration of First Minister Alex Salmond is backing a historic separation.
The chairman of banking giant HSBC warned on Friday that uncertainty over the economic future of Scotland could lead to "capital flight" if it votes to leave the United Kingdom next month. Writing in British daily The Telegraph, HSBC head Douglas Flint said the currency union with England was an "anchor" for Scotland's stability and leaving it "would be complex and fraught with danger". Flint, himself a Scot, is the most high-profile business leader to speak out against Scotland leaving the United Kingdom before the September 18 vote. "Uncertainty over the Scotland's currency arrangements could prompt capital flight from the country, leaving its financial system in a parlous state," he wrote in the newspaper.
By Braden Phillips BARCELONA Spain (Reuters) - A record tourism year may be a boost for Spain's struggling economy, but in one corner of Barcelona residents are furious about drunken holidaymakers and a new fad for carousing naked in public. People of La Barceloneta, tucked behind a beachfront which attracts millions of visitors a year, have taken to the streets several days in a row to protest against a rise in unruly tourism and to demand more control over low-cost accommodation. The marches come after complaints of raucous late-night partying, increasing litter and drunken antics like the fad for nudity around town, captured by residents in photos published in national newspapers. Barcelona's city hall on Friday said it would create new inspection teams to carry out door-to-door searches in the neighbourhood to locate illegal tourist flats, which residents blame for anti-social tourism.