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Security officials say 57 militants, mostly from al-Qaida, have escaped from a prison in southern Yemen.
They say the 57 were among 62 inmates from the Mukalla jail in the Hadarmout province who escaped Wednesday through an underground tunnel.
Bands of gunmen attacked the prison simultaneously, opening fire on the guards from outside to divert their attention […]
The drifting plume of ash from Chile’s erupting volcano forced new cancelations of dozens of flights on Monday in Argentina, Uruguay and other South American countries, even as airlines in Australia began trying to move a backlog of volcano-stranded passengers.
Buenos Aires’ two main airports reopened on Monday after halting flights for a day due to […]
Iraq on Sunday finalized two gas deals with a pair of international consortiums to develop two promising gas fields, the latest step by the war-ravaged country to tap into gas resources to fuel its growing electricity demands.
Iraqis have been struggling to rebuild their war-damaged electricity grid and improve power stations and lines, but blackouts are […]
Australia’s economy needs to introduce a price on carbon to protect its prosperity, Treasurer Wayne Swan said as labor unions threatened to oppose the government’s plan over concerns it will cost jobs.
“These big reforms are always hard fought, they’re always difficult and they’re always contested,” Swan said in an interview with Sky Television yesterday. […]
The United Nations mission in Ivory Coast began evacuating some 200 employees after frequent attacks on its headquarters by forces loyal to the country’s strongman.
A U.N. employee said they were told Sunday that they were leaving. They were taken by helicopter from the U.N. base downtown to the airport. Another helicopter will take them to […]
Japanese shares rebounded sharply Wednesday, recovering some of the massive losses sustained the last two days following a devastating earthquake and tsunami.
The Nikkei rose 547.86 points, or 6.4 percent, to 9,153.01. The index had shed more than 1,600 points, or 16 percent, Monday and Tuesday as worries over the nuclear crisis triggered widespread selling.
The plunge […]
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Western Digital Corp. is trying to pull further away in its neck-and-neck race with Seagate Technology PLC to be the world’s biggest maker of hard drives.
Western Digital announced Monday that it’s paying $4.3 billion in cash and stock to acquire Hitachi Global Storage Technologies.
The deal is one of the largest in an industry that’s been […]
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The Securities and Exchange Commission’s staff plans to recommend a “civil enforcement action” against LaBarge Inc., the company revealed today.
LaBarge, an electronics manufacturer based in St. Louis, said it received a “Wells notice,” from the SEC. A Wells notice informs a company that it is the target of an investigation, and gives the company a chance to respond.
In a […]
If you’re itching to get your hands on an income tax refund, you have an extra reason to celebrate Valentine’s Day this year.
You also have a reason to write a not-so-sweet note to your representatives in Congress. Because they waited until mid-December to pass major tax law changes, the Internal Revenue Service couldn’t begin accepting […]
Filed under: business, management by Finance Boss
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