General: Iran will strike pre-emptively at foes

A semiofficial Iranian news agency quotes a senior military commander as saying that Tehran will strike pre-emptively at its enemies, if it feels it is in danger.
The comments by deputy head of Iran’s armed forces Gen. Mohammed Hejazi were carried by Fars agency on Tuesday.
“We do not wait for enemies to take action against us,” […]

BlackBerry maker co-CEOs step down as co-CEOs

BlackBerry maker Research in Motion’s co-CEOs, Jim Balsillie and Mike Lazaridis, announced they have stepped down as co-CEOs and co-chairmen of the once-iconic company that has struggled to compete in recent years.
The RIM founders have been replaced by Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG, RIM said […]

Woman with Italian ship captain defends his effort

A young Moldovan woman who says she was called to the bridge of the stricken Costa Concordia to help evacuate Russian passengers defended the embattled captain on Thursday, saying he worked tirelessly and “saved over 3,000 lives.”
Domnica Cemortan, who says she was translating Capt. Francesco Schettino’s orders during the frenzied evacuation, has emerged as a […]

Little benefit in boosting already-high credit score

Jeff Rose, 33, a financial planner, is trying to improve his credit score — even though it’s 780, which is 69 points above the median score.
Rose, who lives in Carbondale, Ill., said he opened up a second credit card last year to establish another line of credit and help boost his score. He said he […]

Supervalu 3rd quarter loss widens

Grocery store operator Supervalu says its fiscal third quarter net loss widened due to costs related to a turnaround plan, continued high food prices and a cautious consumer.
The company is facing high food costs as well as costs related to a restructuring plan which involves closing stores, selling off some businesses and lowering debt.
The company […]

Eurozone recession signals mounting

Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that’s shown alarming signs of spreading to the bigger economies appeared to have been dashed Wednesday.
A couple of indicators show that the eurozone economy is in deep trouble and that the debt crisis is denting confidence […]

Ex-UBS banker gets 5 years’ probation in tax case

A former banker at Switzerland’s UBS AG has been sentenced to five years’ probation and no jail time for tax fraud because of his assistance in uncovering other tax evasion cases.
A federal judge in Miami agreed Friday that 45-year-old Renzo Gadola deserved leniency. He pleaded guilty in 2010 to tax fraud conspiracy and has been […]

Nicaragua pres Ortega with big early lead in vote

One-time Sandinista revolutionary Daniel Ortega took a big early lead in presidential elections Sunday, amid reports of protests and international observers being blocked from voting stations.
Ortega, the incumbent and heavy favorite, had 66 percent of the votes compared to 25 percent for his nearest challenger, Fabio Gadea. Conservative Arnoldo Aleman, a former president, was a […]

APNewsBreak: Greek 2nd rescue deal seen not enough

Greece’s international creditors warn that a second rescue package tentatively agreed in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans, according to a draft of a debt inspectors’ report obtained Thursday by The Associated Press.
Although the inspectors said Greece has […]

Banks bracing for Occupy Toronto

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