Detroit did not negotiate pre-bankruptcy: financial adviser
DETROIT (Reuters) – The financial adviser for Detroit’s two pension funds testified in federal court on Thursday that the city did not negotiate prior to filing the largest municipal bankruptcy in U.S. history in July.
U.S. arrests man for selling guns online for Bitcoins
NEW YORK (Reuters) – As part of their quest to crack down on anonymous Internet criminal marketplaces, U.S. authorities arrested a New Hampshire man for selling guns online in exchange for the digital currency Bitcoin on the Internet site Black Market …
Attorneys for A-Rod, Major League Baseball meet in court
NEW YORK (Reuters) – Attorneys for Major League Baseball and embattled star Alex Rodriguez agreed on one thing at a judicial hearing in New York on Thursday – neither side wants to be in federal court.
Speedboat driver charged in pre-wedding crash on New York river
NEW YORK (Reuters) – A grand jury indicted the driver of a speedboat that crashed and killed a bride-to-be and her fiance’s best man on New York’s Hudson River after testing showed he had consumed nearly twice the legal limit of alcohol, officials said…
California high school under fire over ‘Arab’ mascot
LOS ANGELES (Reuters) – A California high school’s decades-old use of an Arab mascot to promote its sports teams has drawn the ire of an Arab-American rights group that says the mascot is an offensive caricature, portraying Arabs with a large nose, bea…
Three dead, six hurt in attack on Detroit gambling room
DETROIT (Reuters) – Three people died and six were wounded in Detroit when a gunman opened fire on as many as 30 people who were gambling inside the back room of a barber shop, Detroit Police Chief James Craig said on Thursday.
Washington state lawmakers mull how to capture Boeing 777X
OLYMPIA, Wash./ NEW YORK (Reuters) – The Washington state Legislature met on Thursday to consider measures to entice Boeing Co to build its newest jet, the 777X, in the Seattle area.
Toyota recalling 33,000 vehicles globally to fix engines
DETROIT (Reuters) – Toyota Motor Corp said on Thursday it is recalling 33,000 cars, pickup trucks and commercial vehicles worldwide to replace a defective part that may cause engine failure.
Boston mob boss Bulger merits ‘no mercy,’ two life terms: prosecutors
BOSTON (Reuters) – Federal prosecutors on Thursday asked a judge to sentence convicted Boston mobster James “Whitey” Bulger to two consecutive life sentences plus five years, arguing that the man who was convicted of 11 murders “deserves no mercy.”
Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout
WASHINGTON (Reuters) – Government-run Fannie Mae and Freddie Mac, America’s biggest providers of housing finance, will send the U.S. Treasury $39.0 billion in December, leaving them within a hair of paying back their 2008 bailout.
