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Iran claims it has produced laser-guided shells

January 31, 2012

Iran’s state TV is reporting the country has produced laser-guided artillery shells, capable of hitting moving targets with high accuracy.
The Monday report quoting Defense Minister Gen. Ahmad Vahidi also says that the shell was an “intelligent” munition with the capability to identify its own targets.
The report was accompanied by footage showing an artillery piece firing […]

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Belgian Premier Di Rupo Renews Pledge to Make Extra Budget-Deficit Cuts - Bloomberg

January 19, 2012

Belgian Prime Minister Elio Di Rupo reiterated a pledge to make extra budget cuts amid slower economic growth while calling on the European Union to step up efforts to bolster the region

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Geithner Gets Japan Backing on Iran Oil After China Snub - Bloomberg

January 13, 2012

U.S. Treasury Secretary Timothy F. Geithner

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Consumer watchdog: My appointment is valid

January 8, 2012

A day after taking over the job as the first director of the Consumer Financial Protection Bureau, Richard Cordray defended his role and says he’ll work to win Congress over.
"The appointment is valid, I’m now the director of the bureau," said Cordray, a former Ohio attorney general. "The important thing for us is that […]

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Cameron Pledges Action to Tackle

January 2, 2012

U.K. Prime Minister David Cameron pledged more action to deal with

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U.K. Bonds Prove World

December 31, 2011

The U.K. is home to this year

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Asian stocks mostly down on Europe bank worries

December 29, 2011

Asian stock markets were mostly lower Thursday amid new signs of pressure on Europe’s banking system and a downturn on Wall Street.
Benchmark oil lingered above $99 per barrel while the dollar rose against the euro but fell against the yen.
Japan’s Nikkei 225 index fell 0.7 percent to 8,367.73. Hong Kong’s Hang Seng Index was 0.9 […]

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No word yet if any local Sears and Kmart stores will be among those to close

December 28, 2011

Sears Holdings says its hasn’t yet determined which 100 to 120 Kmart and Sears stores it will close after a disappointing holiday sales season.
The company, which has 4,000 stores in the U.S. and Canada, announced today that it would close this number of stores after same-store sales have dropped 5.2 percent so far this quarter.
For […]

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Troops hit protesters marching into Yemen capital

December 27, 2011

Yemen’s outgoing president said Saturday he would leave the country for the United States to help calm tensions in his country as forces commanded by his son and nephew opened fire on more than 100,000 protesters marching into the capital, killing at least nine.
The protesters had marched on foot for four days from the city […]

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Drilling in 2012: Production up; fewer leases

December 19, 2011

Marcellus Shale natural gas production is expected to keep rising in 2012, yet landowners may find that signing lease deals isn’t as easy as in years past.
Though still in its early stages, industry experts say that the business of Marcellus Shale gas drilling is starting to change, as new forces emerge.
Among them: lawmakers putting regulations […]

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