25°F Hi/Low: 30/21PARIS Defense and aerospace giant EADS called Friday for a "new approach" for its embattled A400M program, in which the first delivery of the military transport plane would come no sooner than 2012.
Business
-
BRASILIA, Brazil Brazil plans to shutter power plants that run on natural gas from Bolivia, slashing the need for imports from its neighbor amid an ongoing dispute over energy supplies, a top energy official said Friday.
WASHINGTON Lloyds TSB Bank has agreed to forfeit $350 million for helping customers skirt U.S. sanctions on business transactions with Sudan and Iran.
-
Business reporter Nick Malawskey reports on the rise of gas prices here in his Bits of business blog and wonders how long they'll stay increased.
What are you paying for a gallon? - Homeowners stuck in contracts at higher price
STATE COLLEGE — Each year, home heating oil suppliers offer customers a chance to lock in prices over the summer. In most years, doing so pays off — those who opt into the early contracts generally save money when the price of home oil increases during the winter.
Bits of Business
If you’re tired of all the reality shows clogging the airwaves these days and yearn for the classic television hits of the ’60s, ’70s and ’80s, then WJAC-TV has just the trick.
BITS OF BUSINESS
First, a hearty congratulations to the owners of the Mount Nittany Inn. After many years of hard work, the restaurant high atop Centre Hall Mountain has finally reopened. I had a chance last weekend to have lunch at the inn and the view of the valley is not to be missed.
WASHINGTON Lloyds TSB Bank has agreed to forfeit $350 million for helping customers skirt U.S. sanctions on business transactions with Sudan and Iran.
WASHINGTON Eager to shift the course of the government's financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion rescue program.
QUITO, Ecuador Finance Minister Maria Elsa Viteri says Ecuador will announce its plan to renegotiate nearly 40 percent of its $10 billion in foreign debt before the end of next week.
The decision by the Food and Drug Administration to allow U.S.-manufactured infant formula contaminated with melamine or its byproducts onto store shelves is "seriously flawed" and medically risky because parents may feed their babies more than one product, scientists at the nonprofit group Consumers Union said Friday.
NEW YORK GMAC Financial Services LLC, the financing arm of General Motors Corp., says Chairman J. Ezra Merkin is stepping down effective immediately, as it names a new board of directors.
LOS ANGELES The Walt Disney Co. said Friday that it was going to submit a plan to build a new theme park in China in a joint venture with the Shanghai government.
NEW YORK Citigroup said Friday that board member Robert Rubin, the former U.S. Treasury secretary, has resigned as a senior adviser to the big financial services company.
NEW YORK It's a common remark for those devoted to their pooches: "I spend more on my dog's health care than I do on my own!"
SEATTLE Hearst Corp. put Seattle's oldest newspaper, the Seattle Post-Intelligencer, up for sale Friday, saying that if it can't find a buyer in the next 60 days, the paper will close or continue to exist only on the Internet.
In Print
news.mcclatchy.com headlines
OLYMPIANS AMONG US: CDT series about local olympic athletes
