Authorities in Seoul say North and South Korea exchanged artillery fire Wednesday in an area near their tense maritime border in the Yellow Sea. A defense ministry official in Seoul said all shells fell into the sea and there were no reports of damage or injuries on Yeonpyeong island, where a North Korean artillery attack […]
Koreas Exchange Artillery Fire Near Border Island
Posted August 10th, 2011 at 10:40 am (UTC-5)
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Global Stocks Drop Again After Rebound
Posted August 10th, 2011 at 10:30 am (UTC-5)
U.S. and European stock markets fell sharply Wednesday because of continuing concerns about weak U.S. economic growth and Europe’s debt problems. Asian stocks closed earlier Wednesday with gains. The decline in Europe and the United States ended a strong stock rally that began Tuesday after top officials of the U.S. central bank said they will […]
Notorious South African Bank Robber Escapes Again
Posted August 10th, 2011 at 10:25 am (UTC-5)
South African officials say one of the country’s most wanted criminals has escaped from police custody, apparently by simply walking out of a courthouse. Officials say Bongani Moyo, who has been linked to some 35 bank robberies, disappeared from a Pretoria courthouse before a hearing Wednesday. Moyo had previously escaped from prison and was arrested […]
US Stocks Plunge in Early Tuesday Trading
Posted August 10th, 2011 at 10:25 am (UTC-5)
U.S. stock indexes retreated sharply in early trading Wednesday, giving back big gains from the day before. The Dow Jones Industrial Average was off 2.5 percent, with the broader S&P 500 down 2.4 percent. The NASDAQ was down 2.3 percent. European stock prices were also down in afternoon trading. London’s Financial Times index is down […]
Bangladesh Opens, Adjourns First War Crimes Case
Posted August 10th, 2011 at 10:05 am (UTC-5)
A special court in Bangladesh has opened and adjourned its first trial of an Islamist leader accused of war crimes during the country’s 1971 war of independence. Bangladesh’s International Crimes Tribunal opened the trial of 71-year-old Delwar Hossain Sayedee on Wednesday in Dhaka, but immediately adjourned the hearing until August 18 after defense lawyers requested […]
Airstrike Kills Afghan Militants Who Downed U.S. Military Helicopter
Posted August 10th, 2011 at 9:55 am (UTC-5)
The commander of U.S. forces in Afghanistan says an airstrike has killed the militants responsible for shooting down a U.S. helicopter last week, killing 30 U.S. servicemen and eight Afghans. General John Allen spoke to reporters at the Pentagon Wednesday. In a statement, the NATO-led international force in Afghanistan said coalition forces conducted a precision […]
South Korea Reports Artillery Exchange With North Near Border Island
Posted August 10th, 2011 at 9:50 am (UTC-5)
South Korean officials say North and South Korea exchanged artillery fire Wednesday in an area near their tense maritime border in the Yellow Sea. A defense ministry official in Seoul said all the shots fell into the sea and there were no reports of damage or injuries. The exchange took place near Yeonpyeong island, where […]
Exxon, Apple Vying to Be World’s ‘Most Valuable’ Company
Posted August 10th, 2011 at 9:50 am (UTC-5)
For several years, Exxon Mobil has been the world’s most valuable company on the stock market. But now Apple, the U.S. consumer technology company, is contesting the oil giant’s claim to the top spot. On Tuesday, for a few hours, Apple was No. 1. The stock market value for Apple, the maker of the popular […]
Iran, Libya Condemn British Crackdown
Posted August 10th, 2011 at 9:50 am (UTC-5)
Iran and Libya are chastising Britain over its handling of ongoing riots that have swept through London and other major British cities. Iranian President Mahmoud Ahmadinejad condemned what he called Britain’s “savage” treatment of peaceful protesters. He also told reporters in Tehran Wednesday the British government needs to listen to the demands of the people […]
Global Stocks Rebound and Then Sag
Posted August 10th, 2011 at 9:45 am (UTC-5)
Many stock markets around the world rebounded Tuesday and early Wednesday after top officials of the U.S. central bank said they will probably keep interest rates at their current ultra-low level until the middle of 2013. But continuing concerns about the U.S. economy and Europe’s debt problems drove U.S. and European stocks back down sharply […]
