New York Governor Andrew Cuomo’s plan to fix the Long Island Power Authority, which left thousands of customers in the dark for weeks after Hurricane Sandy, isn’t winning over municipal-bond investors.
Jeany Rose Callora left her home on the Philippine island of Negros last year to work at a soft- drinks factory in Manila, hoping to earn money for college. When her contract ended six months later, she said she couldn’t get another job in Southeast Asia’s fastest growing economy.
Just weeks after his re-election, President Barack Obama summoned about 20 senior administration officials to the White House’s Roosevelt Room for an hour-long meeting on the implementation of his health-care law.
European stocks climbed, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates.
Robert Ireland and John Bryars are from opposite sides of the 40-foot concrete walls that still embody the sectarian divide in Belfast. Fifteen years after a peace agreement was supposed to replace violence with prosperity, they are united only by unemployment.
Public Service Enterprise Group Inc. may take over operations of the Long Island Power Authority, leaving the state-owned utility a holding company with no day- to-day responsibilities after thousands of its customers were left in the dark for weeks by Hurricane Sandy.
Softbank Corp. fell the most in six months in Tokyo trading after Dish Network Corp. offered $25.5 billion for control of Sprint Nextel Corp., sparking concerns the Japanese wireless carrier may raise its own bid.
Verizon Wireless, the largest U.S. mobile-phone carrier, said it is closing three U.S. call centers and relocating employees because it wants to improve customer service and make better use of existing facilities.