Search resumes above waterline after ship shifts

The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the suspension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship’s resting place.
However, crews began combing the area above the waterline in the evening after officials determined the ship had stabilized […]

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In the future, can you remain anonymous?

Face recognition and detection technology is becoming cheaper, faster, and much more commonplace, raising the question of whether people will be able to remain anonymous in the near future.
Digital signs and sensors that detect and recognize faces are no longer a matter of science fiction. They are real and are popping up everywhere from […]

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Iraq official warns of abuse of security forces

Iraq’s parliament speaker warned Monday that human rights violations are putting the country’s fragile democracy at risk, the latest pronouncement in a rapidly developing sectarian spat that threatens to destabilize the country after U.S. troops pulled out.
The televised comments by Osama al-Nujaifi, one of the country’s top Sunni officials, are the latest salvo in a […]

SEC slaps insurance giant Aon with bribery fine

Insurance giant Aon has agreed to pay more than $16 million in fines to settle charges that its subsidiaries bribed foreign government officials, the Securities and Exchange Commission announced Tuesday.
Aon will pay $14.5 million to the SEC and $1.7 million to the Department of Justice to settle alleged violations of the Foreign Corrupt Practices […]

Turkish president criticizes EU ‘negligence’

European Union “negligence” is to blame for the financial crisis roiling the continent, said Turkey’s president Friday, contrasting the EU’s malaise with his country’s economic and political dynamism.
Gul also called for a revamping of the U.N. Security Council, suggesting its permanent members no longer reflected the shift in influence from the postwar equation when the […]

Eurozone finance ministers OK release of $10.7 billion bailout loan for Greece

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Ex-Madoff trader pleads guilty in plea deal in NYC

Jailed financier Bernard Madoff’s multibillion-dollar Ponzi scheme stretched back at least to the early 1970s, when his employees used historical information about stocks to create false trades that could be placed on customer statements, a former trader revealed as he pleaded guilty Monday to criminal charges.
David Kugel pleaded guilty in U.S. District Court in Manhattan […]

Leather chairs, soft lighting, Wi-Fi: Welcome to the new Tim Hortons

Canadians may not associate espresso, arm chairs and soft lighting with Tim Hortons, but the upscale fixtures are part of the brand

Japan auto output still slowed from Thai flood

The manufacturing disruptions from the flooding in Thailand are continuing to take their toll on Japanese automakers.
Honda Motor Co. said Friday it is still unclear when its flooded Thai auto plant that has annual capacity of 240,000 vehicles can restart production. The automaker said production reductions will continue in Japan, North America and Europe, as […]

AbitibiBowater CEO gives up $1.7 million to cost cutting drive

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