WHITE PLAINS, N.Y. (AP) -- Twinkies won't die that easily after all.Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.The bankruptcy judge hearing the...
Just Explain It: What is the Strategic Petroleum Reserve?
Labels: BusinessEliminating America's dependency on foreign oil has been a policy goal for at least the last two U.S. Presidents. According to the International Energy Agency, by 2020, the U.S. will overtake Saudi Arabia as the world's number one oil producer.However, there's still some work to do. The United States Energy Information Administration reported that 45% of the petroleum consumed by...
Apple to produce line of Macs in the US next year
Labels: BusinessNEW YORK (AP) -- Apple CEO Tim Cook says the company will move production of one of its existing lines of Mac computers from China to the United States next year.Industry watchers said the announcement is both a cunning public-relations move and a harbinger of more manufacturing jobs moving back to the U.S. as wages rise in China.Cook made the comments in part of an interview taped for NBC's "Rock...
US economy adds 146K jobs, rate falls to 7.7 pct.
Labels: BusinessWASHINGTON (AP) -- The pace of U.S. hiring remained steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff."Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent — the lowest in nearly four years — from 7.9 percent in October. The rate declined mainly because more people stopped looking...
Just Explain It: Why the Fiscal Cliff May Trigger a Recession
Labels: BusinessLawmakers in Washington appear to be making little to no progress in avoiding the impending so-called fiscal cliff. House Speaker John Boehner, R-Ohio, said Friday the negotiations are "almost nowhere." On Thursday Boehner rejected a proposal from the Obama administration saying that the Democrats need to "get serious about real spending cuts."President Obama's offer continues to call for higher...
Dec
20
Book gives up-close look at Graham Greene's political writing
Labels: EntertainmentMIAMI (Reuters) - In 1965 British author Graham Greene arrived in the Dominican Republic fresh from neighboring Haiti where he witnessed first hand the "unique evil" of Haiti's brutal dictator, Francois "Papa Doc" Duvalier.Greene was met at the airport by an enterprising New Zealand-born journalist, Bernard Diederich, whom he had befriended in Haiti on previous trips a few years earlier."As I watched...
Simon & Schuster launches self-publishing division
Labels: Entertainment(Reuters) - Simon & Schuster launched a self-publishing division for writers on Tuesday, tapping into the growing market that has produced a handful of best-sellers outside of traditional publishing.Simon & Schuster's new Archway Publishing division will let writers self-publish printed books and e-books for a fee. In return, the publisher will arrange for distribution and marketing and give...
Book Talk: Do you really know who lives next door?
Labels: EntertainmentTOKYO (Reuters) - Andrew, in a daring leap to freedom from an overbearing mother, moves in with a friend whose ramshackle house is the one blight on a gorgeous neighborhood - and promptly is attracted to his next door neighbor, the friendly Harlow.Welcomed by a plate of homemade cookies and admiring of the picture-perfect home where she lives with her husband, Red, it is a while before Andrew starts...
Co-author of "Three Cups of Tea" commits suicide in Oregon
Labels: EntertainmentPORTLAND, Oregon (Reuters) - Journalist David Oliver Relin, co-author of the controversial best-selling book "Three Cups of Tea," took his own life last month in the Columbia River town of Corbett, Oregon, east of Portland, authorities disclosed on Monday.The cause of Relin's death on November 15 was listed as suicide by blunt force head injury, said Tom Chappelle, Multnomah County deputy medical...
Book Talk: At base camp on the climb to conquer corruption
Labels: EntertainmentLONDON (Reuters) - Frank Vogl, who co-founded the anti-corruption group Transparency International (TI) in 1993, believes campaigners have reached base camp in their fight to end the abuse of public office for private gain.TI has offices in more than 100 countries and its annual rankings of clean government are widely used by investment analysts to help gauge political risk.But the almost daily disclosures...
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