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2 wounded in shooting outside hip-hop concert in central New Jersey; suspect still at large

National News - 25 min 5 sec ago

HOLMDEL, N.J. - State police say two people have been wounded in a shooting outside a hip-hop concert in central New Jersey and a suspect is still at large.


Categories: National News

Report: 2 dead, 22 hurt when tent collapses at New Hampshire fairgrounds in severe weather

National News - 31 min 23 sec ago

A young man and a girl were killed and at least 22 people were injured Monday when a severe storm blew down a circus tent in northern New Hampshire, officials said. State Fire Marshal William Degnan said at a briefing late Monday that the injured were taken to four regional hospitals. Degnan said Sarasota, Fla.-based Walker International Events was scheduled to do the shows Monday before moving on to Vermont on Tuesday.


Categories: National News

AIG profit beats estimates, boosts buyback by $5 billion

Business News - 46 min 57 sec ago

American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts' estimates, and boosted its share buyback by up to $5 billion. The results were primarily driven by investments in one of China's biggest insurers and earnings from the insurer's stake in aircraft lessor AerCap, but lower underwriting at most of its units caused concern. S&P Capital IQ analyst Cathy Seifert said AIG only beat because of income from a company it had essentially taken off its balance sheet.


AIG profit beats estimates, boosts buyback by $5 billion

National News - 46 min 57 sec ago

American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts' estimates, and boosted its share buyback by up to $5 billion. The results were primarily driven by investments in one of China's biggest insurers and earnings from the insurer's stake in aircraft lessor AerCap, but lower underwriting at most of its units caused concern. S&P Capital IQ analyst Cathy Seifert said AIG only beat because of income from a company it had essentially taken off its balance sheet.


Categories: National News

China stock exchanges step up crackdown on short-selling

Business News - 49 min 45 sec ago

By Nathaniel Taplin and Saikat Chatterjee SHANGHAI/HONG KONG (Reuters) - China stepped up its crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation's major brokerages suspended their short-selling businesses. China's stock exchanges and market watchdogs are cracking down on short-selling as part of a broad government-orchestrated effort to prevent a collapse in the country's markets, which have lost about 30 percent of their value since peaking in June. On Tuesday, as the markets regained ground, major brokerages Citic Securities and Huatai Securities said they would temporarily halt their short-selling services.


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