Energy Transfer Partners to buy Sunoco in $5.3 billlion deal
Diane Alter – AHN News Reporter Houston, TX, United States (AHN) – Dallas based Energy Transfer Partners LP, announced Monday it was buying Sunoco Inc for $5.3 billion. Under the terms of the deal, Sunocoshareholders will receive about $50.13 a share: $25 in cash and 0.5246 common units of Energy Transfer. Energy Transfer is paying [...]
MasterCard warns of possible security breach
Diane Alter – AHN News Reporter Purchase, NY, United States (AHN) – Credit card giant MasterCard said Friday it is investigating a possible breach of cardholder data involving a U.S. based payment processor. In a statement, MasterCard said, “As a result we have altered payment card issuers regarding certain MasterCard accounts that are potentially at [...]
European Central Bank leaves key interest rate unchanged
Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]
U.S. stocks open higher Wednesday on European optimism
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks rose on the open Wednesday after the European Central Bank said it will lend €529.5 billion ($721.4 billion) to European banks in an effort to avert a credit crunch. Just before 10 a.m. on Wall Street, the Dow Jones Industrial [...]
Allied forces lose 10 soldiers in separate Afghanistan incidents
Diane Alter – AHN News Reporter Kabul, Afghanistan (AHN) – Allied forces suffered a day of heavy losses in Afghanistan Thursday in a helicopter crash that killed six U.S. Marines, and an attack Friday that killed four French service members, raising the possibility of France withdrawing its troops early. The Marines were killed after their [...]
Debt crisis makes Mafia Italy’s biggest bank
Diane Alter – AHN News Reporter Rome, Italy (AHN) – Italy’s banking system has a new “boss.” Thanks to the country’s ballooning debt crisis, the Mafia is Italy’s biggest “bank,” according to a study by Confesercenti. The country’s four mafia groups have expanded from their storied strongholds in the sun-baked “Mezzogiomo” south of Rome, and [...]
Stocks open lower on eurozone deal doubts
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street stocks fell on the open Monday as doubts continued to linger that a deal over economic integration in Europe will not be enough to keep the region’s two-year sovereign debt crisis from spreading farther. Last week’s summit in Brussels did [...]
Democratic fundraier Rezko sentenced to 10 years in prison
Matthew Borghese – AHN News Contributor Chicago, IL, United States (AHN) – Antoin “Tony” Rezko, a former fundraiser and adviser to ex-Illinois Gov. Rod Blagojevich, has been sentenced to more than 10 years in prison after a lengthy extortion trial in Chicago. Rezko, who also helped raise money for President Barack Obama, was convicted of [...]
August car sales in the U.S. rises 7.5 percent
Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – The auto industry in the U.S. is on the road to recovery. In August, car sales grew 7.5 percent, according to Autodata Corporation. The healthy vehicle sales were reported by most of the major car manufacturers such as Chrysler which registered a 31 percent [...]
China warns U.S. on managing debt
Diane Alter – AHN News Trivia Writer Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts. On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a [...]
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