Black box recorder recovered from wreckage of train crash
Federal investigators pulled one of the black box recorders from the wrecked commuter train at the Hoboken station and struggled to extract the second one Friday as they tried to figure out what caused ...
US inflation stays low in August as consumer spending slows
US inflation picked up slightly in August but consumer spending and income growth cooled, suggesting economic growth overall remained tepid, Commerce Department data showed Friday. The fresh data will supply little added support for the Federal Reserve's plan to tighten monetary policy with higher interest rates before the end of the year, but should not weaken the argument either, according to analysts. Consumer spending was flat for the month after rising an average of 0.4 percent each month or the May-July period, mainly due to a long-expected slowdown in automobile purchases.
Deutsche shares recover after CEO reassures on stability
By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over its stability sent tremors through global financial markets. Chief Executive John Cryan's letter, seen by Reuters, addressed reports of the departure of a few hedge fund clients, hitting out at "certain forces" that wanted to weaken trust in the bank. Trading volume in Deutsche's debt has more than doubled this week and soared 15-fold in a month as investors rush to offload the troubled German lender's bonds.
US website: NKorea may be building new missile submarineWASHINGTON (AP) ? A U.S. website that monitors North Korea's weapons development says the isolated nation may be building a new submarine for launching missiles.
Obama: Peres won his wars but understood the need for peace
JERUSALEM (AP) ? President Barack Obama hailed Shimon Peres Friday as a man who showed the world that justice and hope are at the heart of the Zionist ideal and saw "all people as deserving of dignity and respect."
Europe's comet probe Rosetta ends 12-year mission with crash
BERLIN (AP) ? After 12 years of hurtling through space in pursuit of a comet, the Rosetta probe ended its mission Friday with a slow-motion crash onto the icy surface of the alien world it was sent out to study.
US teen summer program sparks national backlash in Cuba
13K people text woman, not C-SPAN, about presidential debateSTAFFORD, Va. (AP) ? A Virginia woman says she received more than 13,000 text messages and 600 calls after C-SPAN accidentally plastered her number on TV during the presidential debate.
Short on donations, Romania faces deadline to buy Brancusi
The Latest: Spieth and Reed conceding nothing at Ryder Cup