South Korea Cuts Outlook, Plans Stimulus Package
SEOUL, South Korea — South Korea's government lowered growth outlook for Asia's fourth-largest economy and planned a supplementary budget for a second year in a row as the global economy faces heightened uncertainty.The Finance Ministry said Tuesday that the economy will likely expand 2.8 percent this year, down from its December prediction of 3.1 percent. That would mark a slight improvement from last year but slower growth than 2014.Jobs would be a primary goal as the government plans a 10..>> view originalAfter deaths of three toddlers, Ikea recalls millions of dressers
The U.S. Consumer and Product Safety Commission produced this video, which illustrates why parents should "anchor" large pieces of furniture, televisions and appliances to prevent curious children from suffering serious injuries or death. (U.S. Consumer Product Safety Commission via YouTube) The three children, Theodore McGee, Camden Ellis and Curren Collas, were all close in age — between 22 months and 2 years old. All boys died within a span of two years. The cause, in each case, was the..>> view originalFirst Chinese-made regional jet makes maiden passenger flight
SHANGHAI, June 28 China's first locally built regional jet made its maiden commercial flight on Tuesday, carrying 70 passengers from the western city of Chengdu to Shanghai on the east coast in what state-owned planemaker Commercial Aircraft Corp of China Ltd (COMAC) hailed as a milestone.Chengdu Airlines flight EU6679 took two hours and 12 minutes and was "an important milestone in the development of civil aviation in China", COMAC said in a statement."Chinese skies for the first time have we..>> view originalAllegiant Air breaks into Newark as it adds 3 cities to route map
Like this topic? You may also like these photo galleries:AutoplayShow ThumbnailsShow CaptionsLast SlideNext SlideBudget carrier Allegiant is ready to take on New York City. The fast-growing leisure airline has gained access to capacity-choked Newark Liberty International Airport, where Allegiant believes it can stimulate new passenger traffic by offering fares as low as $39. “We anticipate Newark to be a leisure destination,” Lukas Johnson, Allegiant’s Vice President of Planning, says in a ..>> view originalVolkswagen to Pay $14.7 Billion to Settle Diesel Claims in US
Photo Matthias Müller, left, chief executive of Volkswagen, and Hans Dieter Pötsch, the company’s chairman. Credit Alexander Koerner/Getty Images Volkswagen has agreed to pay up to $14.7 billion to settle claims stemming from its diesel emissions cheating scandal, in what would be one of the largest consumer class-action settlements ever in the United States.The proposed settlement involving the federal government and lawyers for the owners of about 475,000 Volkswagen v..>> view originalOakland council bans coal shipments, citing health risks
By Janie Har, The Associated Press Posted Jun. 28, 2016 at 2:23 AM Updated at 5:47 AM>> view originalDiet Pepsi with aspartame returning to shelves in US
SODA Diet Pepsi with aspartame makes a comeback Diet Pepsi made with aspartame is returning to shelves in the United States after PepsiCo saw sales plummet following its reformulation of the drink last summer to remove the artificial sweetener. PepsiCo says it will offer ‘‘Diet Pepsi Classic Sweetener Blend’’ made with aspartame starting in September, in 12-ounce cans, 2-liter bottles, and 20-ounce bottles. The move is intended to appease fans who don’t like the taste of the reformulated dr..>> view originalAirbnb Sues San Francisco Over a Law It Had Helped Pass
SAN FRANCISCO — Airbnb executives have often said that officials in San Francisco, the company’s hometown, understood how to work with innovative technology companies.Two years ago, the city and the start-up drafted a law that allowed Airbnb to operate widely there, despite blowback from advocates for affordable housing. The law took effect last February and it became known as the “Airbnb law” for its friendliness to the company.Now Airbnb is suing over whether it should have to help enforce th..>> view originalMedtronic to Buy Heart-Care Firm -- WSJ
Shutterstock photo By Brittney Laryea Medical-device maker to pay $1.1 billion for HeartWare, a supplier of surgical implants Medtronic PLC said Monday that it agreed to acquire HeartWare International Inc. for $1.1 billion, adding more heart-treatment products to the medical-device maker. The companies said Monday that the acquisition gives Medtronic more diagnostic tools and treatments for heart failure, a condition where the heart isn't pumping enough blood to meet the body's ne..>> view original
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