Business
Turkey passes bill restricting alcohol sales, ads
Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country. The legislation, adopted on Friday, bans the sale of alcoholic drinks between 10 p.m. and 6 a.m. It also prohibits alcohol sales anywhere close to mosques and ...
Japan's PM Abe defends policies as markets settle
Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster. Bank of Japan Gov. Haruhiko Kuroda acknowledged Friday ...
Survey: German consumer confidence rises strongly
A survey is showing a significant rise in German consumer confidence as people's expectations for the economy and for their own income improve. The GfK institute said Friday that its forward-looking consumer climate index rose to 6.5 points for June from 6.2 in May. The German economy, Europe's biggest, returned ...
Oil falls below $94 on weak outlook for demand
The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand. Benchmark oil for July delivery was down 40 cents to $93.85 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 3 cents to close ...
Asia stocks extend losses after big sell-off
Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, reversed a big morning gain and shed 0.7 percent to 14,391.74 ...
Study: No higher cancer rate at Conn. Pratt plants
An 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate of cancer among workers. Researchers at the University of Pittsburgh and the University of Illinois at ...
NJ: Caramel-colored rubbing alcohol sold as scotch
At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water — and apparently not even clean water at that. State officials provided those new details Thursday on raids they conducted a day earlier as part ...
Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's ...
Procter & Gamble brings back A.G. Lafley as CEO
Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth. In a surprise move, P&G said Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning to the Cincinnati company's helm. Lafley, 65, replaces CEO Bob McDonald, ...
87-year-old woman loses to Trump in civil case
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost. Jurors sided with the real estate mogul-turned-TV showman in a weeklong civil trial focused on Jacqueline Goldberg's claim that Trump cheated her in a bait-and-switch scheme connected to condos in a Chicago skyscraper he built. The federal ...
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