National / International News

Clydeport admits tug deaths failures

BBC - Tue, 2014-09-23 03:54
Port operator Clydeport Operations Limited admits health and safety failures over a tug boat which sank in the River Clyde killing three crew.

Tesco fast-tracks new finance chief

BBC - Tue, 2014-09-23 03:49
Troubled supermarket giant Tesco says its new chief financial officer, Alan Stewart, is joining the company immediately, more than two months earlier than originally planned.

Airstrikes Move To Syria, Target More Than Just ISIS

NPR News - Tue, 2014-09-23 03:48

The strikes, supported by five Arab nations, are a major escalation in the campaign and hit other extremist groups, including one that the Pentagon says is planning to attack U.S. interests.

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VIDEO: 'Top swap' scheme launched in Moscow

BBC - Tue, 2014-09-23 03:45
Steve Rosenberg reports on how Muscovites can swap their tops for more pro-Russian t-shirts.

Algeria militants seize Frenchman

BBC - Tue, 2014-09-23 03:45
Militants linked to Islamic State have seized a French tourist in Algeria and demanded an end to French air strikes in Iraq, France confirms.

Day in pictures: 23 September

BBC - Tue, 2014-09-23 03:40
News images from around the world: 23 September

Seeking Frugal Tech Solutions For Nairobi's Jammed Traffic

NPR News - Tue, 2014-09-23 03:24

Traffic in major cities in the developing world can be a mind-numbing mess. A team at IBM in Kenya's capitol thinks it's found an answer.

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Barclays hit by record £38m fine

BBC - Tue, 2014-09-23 03:17
Barclays Bank has been fined a record £38m by UK regulators for failing to keep its clients' assets separate from its own.

Second video of UK hostage released

BBC - Tue, 2014-09-23 03:03
A second video is released showing British journalist John Cantlie, who is being held hostage by Islamic State (IS) militants.

PODCAST: The climate change odd couple

Marketplace - American Public Media - Tue, 2014-09-23 03:00

Stock markets around the world are having a downbeat day so far, in part because that's what tends to happen in September, but also because of a new signs of trouble for Europe's economy. A survey of business activity in the 18 countries that use the Euro suggests recovery there is stalling. Plus, there's news today the Obama Administration is cracking down on what are called "inversions," the controversial maneuver of acquiring foreign companies to save U.S. tax. Targeted are the special loans that make these acquisitions possible. President Obama and republicans and democrats in congress agree that what's need in the longer run is tax reform. Yet that's a process that doesn't seem to be moving forward any time soon. That got federal budget watcher Stan Collender doing the math on an unconventional solution. And among the many announcements coming out of Climate Week in New York comes this news of strange bedfellows: A partnership between some leading environmental non-profits, including the Environmental Defense Fund, and five oil companies.

Holiday booze fuels rejected claims

BBC - Tue, 2014-09-23 02:54
Insurers have been criticised for turning down claims from holidaymakers who had been drinking alcohol before having an accident.

Mothers stage homes sit-in protest

BBC - Tue, 2014-09-23 02:45
Members of a women's group in east London are staging a week-long occupation of a housing estate next to the Olympic Park, in protest at the number of empty properties.

Boxer Wilson out of coma - Coldwell

BBC - Tue, 2014-09-23 02:40
British boxer Jerome Wilson is out of the medically-induced coma he was placed in after having an operation on his brain.

VIDEO: Radio query reveals garden cannabis

BBC - Tue, 2014-09-23 02:40
Patricia Hewitson from Exmouth, Devon, unwittingly grew a 5ft (1,5m) tall cannabis plant from a pack of bird seeds - but her error was only revealed when she contacted a radio phone-in show.

Jack Ma heads China rich list

BBC - Tue, 2014-09-23 02:37
Alibaba founder Jack Ma is China's richest person following his company's record listing, according to a wealth survey by the Hurun Report.

VIDEO: Labour highs and lows in last 12 months

BBC - Tue, 2014-09-23 02:21
BBC footage recalls some of the highs and lows for Ed Miliband and the Labour Party over the last 12 months.

VIDEO: Many Islamabad state schools closed

BBC - Tue, 2014-09-23 02:18
Weeks after the start of term, many state schools in the capital, Islamabad, are still closed, after being taken over by police drafted in to deal with ongoing political protests.

VIDEO: Ricky Tomlinson: United We Stand

BBC - Tue, 2014-09-23 02:08
The story of actor Ricky Tomlinson's jail term in the 1970s has been turned into a play called United We Stand.

An unconventional solution to tax reform

Marketplace - American Public Media - Tue, 2014-09-23 02:00

The Obama Administration has announced a crack down on what are called "inversions": the controversial maneuver of acquiring foreign companies to save U.S. tax. Targeted are the special loans that make these acquisitions possible; seen as a stopgap approach.  

President Obama and republicans and democrats in congress agree that what's need in the longer run is tax reform. But that's a process that doesn't seem to be moving forward any time soon.  

That got federal budget watcher Stan Collender doing the math. Collender—who use to work for both the House and Senate budget committees and tweets at theBudgetGuy—has written a column entitled "How to Abolish the Federal Corporate Income Tax without Increasing the Deficit," and stopped by to talk about an unconventional solution. 

Click the media player above to hear Stan Collender in conversation with Marketplace Morning Report host David Brancaccio.

Investors await another big IPO

Marketplace - American Public Media - Tue, 2014-09-23 02:00

You heard all about the largest initial public offering (ever) last week. That is, the debut of the Chinese e-commerce company Alibaba. Now, investors are awaiting the second-biggest U.S. IPO of the year.

Shares of Citizens Financial Group are expected to price later Tuesday. It could be the largest bank IPO since Goldman Sachs in 1999.

Citizens Financial Group is one of the largest regional banks in the U.S., but it’s owned by the Royal Bank of Scotland. During the financial crisis, RBS was bailed out by British taxpayers. Now, the UK government wants out, says banking analyst Richard Bove with Rafferty Capital Markets.

“They’re saying, 'Hey look, we don’t want to be in the banking business,'” Bove says. “'You forced us to bail you out. Now give us the money back, and if that means selling off assets, sell them.'”

Kathleen Smith manages a fund that invests in newly public companies at Renaissance Capital. She says this year has been the strongest for IPOs since 2000, but financial companies haven’t fared so well.

With the Citizens offering just days after the biggest IPO ever, “it will be a test of the market capacity to add additional new product to portfolios,” she says.

Smith says investors may also look askance at the $9 million in bonuses Citizens executives are expected to get from the IPO.

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