National Headlines
The Islamic State released a video purporting to show the beheading of American hostage Steven Sotloff, a monitoring service said on Tuesday, as the militant group raised the stakes in its confrontation with Washington over U.S. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the SITE monitoring service said.
By Elizabeth Dilts NEW YORK (Reuters) - Deutsche Bank AG's Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. Mark LaRoe, a 30-year industry veteran who was previously the head of JP Morgan Private Bank in Florida and most recently its senior managing director in Dallas, was hired as Deutsche Asset's managing director and head of the U.S.
DUBLIN (AP) — Ireland's tax collections are beating targets and have put the country on course to achieve normal deficit levels after six years of austerity, the government announced Tuesday.
By Amanda Becker WASHINGTON (Reuters) - The validity of an Indiana state law that bars companies from requiring workers to join a union and pay union dues was affirmed on Tuesday by a U.S. The Indiana law does not violate the U.S. A local division of the International Union of Operating Engineers, which represents roughly 4,000 workers in northwest Indiana, had sued over the Indiana Right to Work Act. The law was adopted by Indiana's legislature in February 2012 after a fight that drew hundreds of protesters to the statehouse in Indianapolis.
(Reuters) - Halliburton Co , North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said. "We think this is a smart move by Halliburton," said Stewart Glickman, an equity analyst at S&P Capital IQ.
DETROIT (Reuters) - A federal judge on Tuesday denied motions by two bond insurance companies that sought to block Detroit from presenting certain evidence at a key hearing on the city's plan to exit bankruptcy. U.S. Bankruptcy Judge Steven Rhodes said that while he rejected the motions by Syncora Guarantee Inc and Financial Guaranty Insurance Co, the companies were not precluded from bringing up their objections during the confirmation hearing on Detroit's debt adjustment plan. (Reporting By Karen Pierog; Editing by Tom Brown)
By Pamela Barbaglia LONDON (Reuters) - General Electric , UK engineer IMI and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources familiar with the situation said. Industry rival Emerson Electric Co , described by one source as a "motivated" bidder, could also participate in the final round of the auction, launched earlier this year by the Candiani family which wants to sell its majority stake. The bidding process is complicated by the fact that another Italian family, the Lualdi, owns 40 percent of the company and is reluctant to sell. Petrolvalves, which was established in 1956 and generates the bulk of its revenues overseas, has set a deadline for binding offers towards the end of September in an attempt to sign a deal later this year, the sources said.
CHICAGO (AP) — School opened in Chicago on Tuesday, with children and parents making their way past security guards whose bright neon vests served as a reminder of the city's efforts to protect students from the violence that plagues its streets.
Nightlife impresarios Eric and Ian Hilton practically run the bar scene along U Street NW, from dance hall Patty Boom Boom to Mexican-themed El Rey to The Gibson, an upscale cocktail bar. So their decision to open a French restaurant in uber-traditional Georgetown of all places might have taken some by surprise. Chez Billy Sud aims to open Oct. 1 in the former Cafe La Ruche space on 31st Street NW, but its owners have already signed a lease to expand the restaurant into another space next door. When…
Securing the release of the three Americans detained in North Korea is a top priority, the White House said on Tuesday. "We continue to do all we can to secure their earliest possible release." On Monday, three American citizens detained in North Korea appealed to the U.S government for help returning home, speaking in rare interviews with U.S.
Roadside Development is expanding in Shaw, having won the right to redevelop at District-owned,13,306-square-foot parcel across the street from its CityMarket at O. A joint venture of Dantes Partners and Roadside has been selected to transform the vacant lot at 1336 Eighth St. NW, near the intersection of Eighth and O streets Northwest, into a mixed-use development of 72 multifamily units (modeled as either condos or apartments, though condos are preferred by the developer), and 6,900 square feet…
By Jonathan Stempel NEW YORK (Reuters) - A federal appeals court on Tuesday said photos of a Saudi national imprisoned at Guantanamo Bay who U.S. Circuit Court of Appeals in New York said the government plausibly showed that releasing images of Mohammed al-Qahtani, who was subject to interrogation techniques that a government official likened to torture, could endanger military personnel, diplomats and workers in Afghanistan and elsewhere. The Center for Constitutional Rights, which represents al-Qahtani in a federal lawsuit in Washington, D.C. over his treatment, had sought the disclosure of photographs, videos and other audiovisual evidence of his confinement conditions under the federal Freedom of Information Act. Writing for a three-judge panel, however, Circuit Judge José Cabranes said the release "could logically and plausibly harm national security because these images are uniquely susceptible to use by anti-American extremists as propaganda to incite violence against United States interests domestically and abroad." Al-Qahtani has been held since February 2002 at the U.S.
The Pentagon is assessing whether an airstrike on an encampment in Somalia killed al Shabaab leader Ahmed Abdi Godane, but if confirmed the militant's death would represent a "very significant" blow to the group, the Pentagon said on Tuesday. Rear Admiral John Kirby told a Pentagon briefing that the U.S.
NASHVILLE, Tenn. (AP) — Thirty-two teens "overwhelmed" their minders and escaped from a juvenile detention center by crawling under a weak spot in a fence, a state government spokesman said. Hours later Tuesday, eight were still on the run.
At SEI, company leaders do things much different than other businesses. The Oaks, Pa. investment consultant eliminated all the trappings of status. Things like titles, offices, secretaries, executive dining rooms and washrooms, company cars, and upgradeable furnishings have been eliminated. There are no offices and no cubicles either. What remains is a transparent organization where employees feel like equals. That's why SEI has been named one of the Best Places to Work in the Philadelphia region…
INDIANAPOLIS (AP) — Relatives of an Indianapolis teenager whose badly burned body was found in a yard say they believe she was abducted and killed by a stranger.
CUMBERLAND, Md. (AP) — A suspended physician at the center of a state licensing scandal agreed Tuesday to permanently surrender his Maryland medical license to resolve charges he sexually assaulted a female patient at a walk-in clinic in April.
CORPUS CHRISTI, Texas (AP) — A federal judge on Tuesday began reviewing tough new Texas voter ID rules challenged by the Obama administration in a trial that could threaten the polarizing law, although a decision isn't expected before the November election.
If you were surprised when Under Armour Inc. chose a ballerina as the face of its latest campaign, the company's newest endorser will turn your head again. Under Armour (NYSE: UA) signed Gisele Bundchen, the world’s highest-paid supermodel, to endorse the Baltimore sportswear maker, ESPN first reported. Bundchen will join her husband, New England Patriots quarterback Tom Brady, in sporting the brand. An Under Armour spokeswoman confirmed the deal, but did not disclose the terms. Adding Bundchen…
Alex Orfinger is stepping down as publisher of the Washington Business Journal after 18 years to take a new position overseeing 20 business journals for the organization's parent company. American City Business Journals CEO Whitney Shaw announced Orfinger's promotion to executive vice president in a memo Tuesday. ACBJ Chief Revenue Officer Mike Olivieri was also named to the same position. Orfinger and Olivieri will each oversee half of the Charlotte, N.C.-based company's 43 markets, working directly…
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