Economy & Business

Parallels
2:49 pm
Wed March 19, 2014

Western Sanctions On Russia Are 'A Shot Across The Bow'

Russian President Vladimir Putin looks on as Crimean leaders sign a treaty for Crimea to join Russia on Tuesday. In response, Western countries have imposed limited sanctions.
Sergei Ilnitsky AP

Originally published on Wed March 19, 2014 6:59 pm

Russian officials were quick to mock the limited economic sanctions on Moscow announced by the U.S. and Europe this week. In response to Russia's annexation of Crimea, Western leaders have frozen the assets of a handful of government officials and also barred them from getting visas to travel to the West.

Read more
The Salt
2:13 pm
Wed March 19, 2014

Could Our Food Supply Be A Target For Terrorists?

Few livestock owners consider their operations targets of terrorism. And that mindset could leave them vulnerable.
iStockphoto

Originally published on Wed March 19, 2014 6:51 pm

It sounds like the plot of a Hollywood blockbuster: Villains bent on chaos set their sights on a food company — an easy target — with plans to lace its products with a chemical or pathogen. The hero finds out in time to save the day.

Sound far-fetched? Not according to U.S. regulators who have been pondering such scenarios.

Read more
The Two-Way
12:53 pm
Wed March 19, 2014

Boeing 787 Dreamliner Is Safe, FAA Team Concludes

At Tokyo International Airport last July, Boeing 787 Dreamliners flown by All Nippon Airways taxied across the tarmac.
Kimimasa Mayama EPA/Landov

Originally published on Wed March 19, 2014 2:53 pm

A year-long review of the Boeing 787, which experienced problems such as fuel leaks and a battery fire, has concluded that the plane is safe.

The Federal Aviation Administration reported Wednesday that a review team believes the aircraft, which Boeing calls the Dreamliner, "was soundly designed, met its intended safety level, and that the manufacturer and the FAA had effective processes in place to identify and correct issues that emerged before and after certification."

Read more
The Two-Way
9:54 am
Wed March 19, 2014

Britain Plans New 12-Sided £1 Coin To Combat Counterfeiting

The new 12-sided coin billed as the most secure ever. It is scheduled to be introduced in 2017.
Royal Mint

Originally published on Wed March 19, 2014 11:20 am

Hoping to foil counterfeiters, Britain's Royal Mint is planning to introduce a new £1 coin that's described as the most secure in the world.

As British Chancellor George Osborne explained to Parliament on Wednesday, "the £1 coin has become increasingly susceptible to forgery" — noting that 1 in 30 of the £1 coins currently in circulation are fakes. The BBC reports that an estimated 45 million forgeries are in circulation.

Read more
Business
9:27 am
Wed March 19, 2014

Toyota, Justice Department Reach Settlement On Recall

Originally published on Wed March 19, 2014 9:28 am

The Justice Department announced Wednesday that it has reached a billion-dollar agreement with Toyota, settling a federal probe into the company's handling of a recall for faulty gas pedals.

Pages