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Zimbabwe 'Cattle Bank' takes deposits that moo
Zimbabwe 'Cattle Bank' takes deposits that moo
William Mukurazita's deposit at the bank has four legs and moos. Zimbabwe's first "Cattle Bank" has just opened its books in a unique kind of banking where owners bring in their animals as collateral against cash loans. For many rural poor in this southern African country once wracked by world-reco

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Ill. gov signs into law tough fracking regulations
Ill. gov signs into law tough fracking regulations
Illinois Gov. Pat Quinn on Monday signed into law the nation's strictest regulations for high-volume oil and gas drilling. "This new law will unlock the potential for thousands of jobs in Southern Illinois and ensure that our environment is protected," Quinn said in a news release announcing his wi

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Stocks open higher as home building advances
Stocks open higher as home building advances
Stocks are opening higher on Wall Street after the pace of home construction picked up in May, the latest encouraging sign from the housing market. The Dow Jones industrial average rose 45 points, or 0.3 percent, to 15,229 in the first few minutes of trading Tuesday. The Standard & Poor's 500 index

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Bribery trial of former Finmeccanica CEO opens
Bribery trial of former Finmeccanica CEO opens
The former head of Italian aerospace and defense giant Finmeccanica , accused by prosecutors of making bribery part of the company culture, went on trial Wednesday for his alleged role in the payment of bribes to secure a crucial 560 million euro ($670 million) helicopter contract in India. Giusepp

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Cheney says his health 'nothing short of miracle'
Cheney says his health 'nothing short of miracle'
Former Vice President Dick Cheney says his health is "nothing short of a miracle." The heart transplant recipient says he now wakes up each morning "with a smile on my face, thankful for the gift of another day I never expected to see." Cheney tells "Fox News Sunday" that he was "near death" when h

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Airbus clocks 59 orders for new A350 wide-body jet
Airbus clocks 59 orders for new A350 wide-body jet
Airbus raked in orders Wednesday for its new A350, announcing 59 sales of the wide-body jet that flew for the first time last week. Singapore Airlines ordered 30 A350-900s, with an option to buy another 20 of the 900s or the larger 1000 model. The airline had already ordered 20 of the A350. Air Fra

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House to consider cuts to food stamps
House to consider cuts to food stamps
A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for the domestic food aid program. Passage of the five-year, half-trillion-dollar farm bill could depend on the level of cuts to the $80 billion-a-year

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GM breaks ground on China Cadillac plant
GM breaks ground on China Cadillac plant
General Motors has started work on a new Cadillac factory in China as it targets the lucrative luxury segment in the world's biggest auto market. The automaker said Wednesday it hopes to triple Cadillac sales to 100,000 units by 2015. It also wants to quadruple its share of China's luxury car marke

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Protesters out again in Brazil's biggest city
Protesters out again in Brazil's biggest city
Scattered street demonstrations popped up around Brazil early Wednesday as protesters continued their collective cry against the low-quality public services they receive in exchange for high taxes and high prices. In one of several reported protests, about 200 people blocked the Anchieta Highway th

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Japan formally OKs new nuke safety requirements
Japan formally OKs new nuke safety requirements
Japan's nuclear watchdog has formally approved new safety requirements for atomic plants, paving the way for the reopening of facilities shut down since the Fukushima disaster. The new requirements approved Wednesday by the Nuclear Regulation Authority will take effect on July 8, when operators wil

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Doping inquiry into Schwazer widens
Doping inquiry into Schwazer widens
Italian investigators have expanded their doping investigation into former Olympic race walk champion Alex Schwazer, looking into an alleged cover-up involving coaches and doctors. Prosecutors in Schwazer's hometown of Bolzano on Wednesday named five people who have been placed under investigation

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China's Wanda buys luxury yacht maker Sunseeker
China's Wanda buys luxury yacht maker Sunseeker
Chinese property and cinema conglomerate Dalian Wanda Group said Wednesday it is buying British yacht maker Sunseeker and will develop a high-end London hotel, expanding into the luxury market as part of the latest foray abroad by a major Chinese firm. The company will acquire a 91.81 percent stake

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Gov't report: Smooth launch unsure for health law
Gov't report: Smooth launch unsure for health law
There's no guarantee that President Barack Obama's health care law will launch smoothly and on time, congressional investigators say in the first in-depth independent look at its progress. But in a report to be released Wednesday, the congressional Government Accountability Office also sees positiv

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Blatter says protesters shouldn't 'use football'
Blatter says protesters shouldn't 'use football'
FIFA President Sepp Blatter has urged protesters flooding the streets of Brazil to stop linking their anger against the government to the Confederations Cup football tournament. Hundreds of thousands of people have taken to the streets of several Brazilian cities to call for more investment in basi

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Obama: 'Lives Have Been Saved' by NSA Programs
Obama: 'Lives Have Been Saved' by NSA Programs
Trying to tamp down concerns about government over-reach, President Barack Obama on Wednesday defended U.S. internet and phone surveillance programs as narrowly targeted efforts that have saved lives and thwarted at least 50 terror threats. (June 19)

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US wants 'credible negotiations' with North Korea
US wants 'credible negotiations' with North Korea
The Obama administration said Sunday it was receptive to North Korea's proposal for high-level talks, but wants "credible negotiations" that will lead to a nuclear-free North. "Those talks have to be real. They have to be based on them living up to their obligations, to include on proliferation, on

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Malaysia budget airport launch pushed to May 2014
Malaysia budget airport launch pushed to May 2014
The opening of a new airport to accommodate budget carriers has been delayed until next year because of design changes and other construction setbacks, Malaysia's airport operator says. Malaysia Airport Holdings Berhad said late Tuesday that the contractors for the terminal building of the new airp

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News Summary: SEC to sometimes require mea culpas
News Summary: SEC to sometimes require mea culpas
NEW POLICY: The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some significant settlements. 'NO ADMIT OR DENY': Currently the SEC allows companies and individuals to settle charges without admitting or denying

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Protests get support from Brazilian players
Protests get support from Brazilian players
The historic wave of protests that has swept across Brazil in recent days has gained some important allies — the players of the Brazilian national football team. Brazil is hosting the Confederations Cup, a tournament of continental champions which serves as a warm-up for next year's World Cup, bu

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