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FAA proposes $300K penalty against American Airlines Inc.

The Federal Aviation Administration is proposing that American Airlines Inc. pay a $300,000 civil penalty for failing to follow proper notification procedures when maintenance personnel discovered that...

Crude Oil Drops Most in Three Weeks as Dollar Gains Versus Euro

March 19 (Bloomberg) -- Crude oil tumbled the most in three weeks as the dollar strengthened against the euro, curbing the appeal of commodities as an alternative investment. Oil retreated 1.9 percent...

40 indicted in alleged North Texas mortgage scheme

A Florida man and 39 other defendants who are accused of conspiring with him have been named in a 16-count indictment filed in the U.S. Attorney’s Office of the Eastern District of Texas. The U.S....

China: the coming costs of a superbubble

The world looks at China with envy. China’s economy grew 8.7 percent last year, while the world economy contracted by 2.2 percent. It seems that Chinese “Confucian capitalism” –...
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