Britain proposes fee cap on cashing in pension pots
Charges on Britons cashing in their pension early will be capped at 1 percent of the pot's value from March 2017, the Financial Conduct Authority proposed on Thursday. The FCA also announced that insurers will not be able to apply any early exit charge for personal pension contracts entered into after the proposed new rules come into force. Britain has introduced so-called "pension freedom" reforms in a bid to give people aged 55 years or over more choice in providing for their retirement, but high exit fees have put off some people.
New Jersey lawmakers to vote on Atlantic City rescue billsTRENTON, N.J. (AP) ? New Jersey lawmakers are set to vote on an Atlantic City rescue package to keep the struggling resort town from running out of money.
Steven Spielberg to address grads at Harvard commencement
Report: 46 states made prison-related reforms in 2014-15NEW YORK (AP) ? A new analysis has found that nearly every state made prison-related reforms in 2014 and 2015.
Funeral services set for officer shot during traffic stopCHARLTON, Mass. (AP) ? A Massachusetts community is paying its final respects to a police officer who was fatally shot during a traffic stop.
Sharks head to 1st Cup final after 5-2 win over Blues
Oil prices top $50, Asian shares struggle as China sags
By Hideyuki Sano TOKYO (Reuters) - Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about U.S. interest rates and China's slowing economy keeping investors on the sidelines. While energy stocks outperformed, a slump in mainland China stocks to 2-1/2 month lows dampened any broader interest in riskier assets in Asia, offsetting overnight gains on Wall Street. Oil prices are rising, which would benefit oil producing countries.
Police dogs train to sniff out terror threat at Rio Olympics
Police dogs in Brazil are more used to sniffing out drugs than explosives, but with the Olympics coming up, they have been training hard to help thwart potential terrorist attacks. Although Brazil has never suffered a terrorist attack on its soil, it is on high alert for any threats at the Games, which open in Rio de Janeiro on August 5. To prepare, the Rio Canine Intervention Brigade just completed a two-week training with specialists from a French elite police force, RAID.
LEADING OFF: Harper slumping, Fernandez rolling in NL East
Michelle Obama set to speak at Native American commencement
SANTA FE, N.M. (AP) ? Michelle Obama plans to address 105 Native American high school graduates Thursday during a commencement speech that comes as she tries to spotlight the plight of tribal youth in the final months of her husband's presidency.