Suit details D.C. police use of Navy equipment
BY: Associated Press  WASHINGTON — The District of Columbia police department arranged to use U.S. Navy satellite communications and video equipment as it prepared for a large 2002 demonstration that resulted in about 400 arrests and multi-million-dollar legal settlements, according to emails, invoices and other documents that shed new light on the collaboration between law enforcement and the [...] |
Strauss-Khan, hotel maid settle N.Y. lawsuit over abuse claims
BY: Associated Press NEW YORK — Former International Monetary Fund leader Dominique Strauss-Kahn and a hotel maid settled her lawsuit Monday over sexual assault allegations that sank his political career and spurred scrutiny of his dealings with women on two continents. State Supreme Court Justice Douglas McKeon announced that after lengthy negotiations in the suit brought by Nafissatou [...] |
IMF chief urges further debt reduction
BY: Associated Press BERLIN — The head of the International Monetary Fund says the world’s leading economies must continue to cut government spending despite an overall situation of only “tepid growth.” Christine Lagarde said Tuesday in Berlin that those governments “have to continue fiscal consolidation at a sensible pace” and implement the necessary structural reforms to improve their [...] |
Apple’s earnings miss drags tech stocks lower
BY: Associated Press NEW YORK — A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in talks to resolve Europe’s debt crisis. The leaders of Germany, France, the International Monetary Fund and the European Central Bank met Wednesday in preparation for a [...] |
Global leaders struggle to calm recession fears
BY: Associated Press WASHINGTON — The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But so far, markets are not buying the new commitments. U.S. stocks were falling in early trading Friday and [...] |
Wall Street sharply lower on fears about economy
BY: Associated Press NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell more than 400 points, the second consecutive rout in the stock market since the Federal [...] |
IMF: World economy enters ‘dangerous new phase’
BY: Associated Press WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year. The IMF expects the U.S. economy to grow just [...] |
Developed nations look to restore growth
BY: Associated Press MARSEILLE, France — The financial leaders of the world’s most developed economies were wrangling Friday over how to revive a faltering economic recovery at a time when interest rates are already low and government debt is high. The so-called Group of Seven economies — the U.S., Canada, Japan, the U.K., France, Italy and Germany — [...] |
IMF chief urges US to raise borrowing limit
BY: Associated Press  WASHINGTON — The impact of a failure to raise the U.S. borrowing limit could extend beyond America’s borders and damage the global economy, the chief of the International Monetary Fund said Tuesday. In a speech at the Council on Foreign Relations in New York, Christine Lagarde urged U.S. political leaders to show the same “political [...] |
IMF urges U.S. lawmakers to raise $14.3T debt limit
BY: Associated Press WASHINGTON — The International Monetary Fund urged U.S. lawmakers Wednesday to raise America’s borrowing limit. It warned that inaction could lead to a spike in interest rates that would harm the U.S. economy and world financial markets. The debt limit is the amount the government can borrow to help finance its operations. The United States [...] |
Business News
- Idea clicks: UM launches online MBA program
- Bozzuto Group takes luxe approach at Union Wharf
- Md. tech industry leaders talk shop
- Bookworm: Not too late to give yourself the business
- CCBC extension ready to go at Metro Centre in Owings Mills
- Richard Bock: Dad and grad businesses
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- Two suits by EEOC follow guidance on vetting applicants
- Woman awarded $620K med-mal verdict after neck injury
- Supreme Court: Lawyers can’t use license info to get clients
- Joe Surkiewicz: BNI promotes justice in housing (and renting)
- Judge weighs same-day access to Manning docs
- Former P.G. sheriff pleads no contest to theft
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Maryland Moment – Storm clouds over Stevenson
An early-morning wave of storm clouds moves through Stevenson on Thursday. (Maximilian Franz/The Daily Record)
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