Winning Mega Millions tickets were purchased in Kansas, Illinois and Maryland, the Associated Press reported. The ticket holders will split the $640 million jackpot, perhaps the largest such prize in history, a lottery official said.
There are now about 600,000 Jews in France, making it the third-largest Jewish community in the world, after the United States and Israel . However, in recent decades, with the huge influx of Arab Muslim immigrants to France, anti-Semitism now has a decidedly Islamic flavor. Mohammed Merah, the French-Algerian gunman who murdered four people – including three children – outside a Jewish school in Toulouse, reportedly claimed he wanted to take revenge for Israel 's treatment of the Palestinians.
Iran is helping Syria skirt the sanctions imposed on it by the US and other Western countries by providing it with a vessel to transport oil to China , Reuters has reported quoting sources. Syria is one of the closest allies of Iran and the move indicates that both the countries, facing economic challenges due to the Western sanctions, would exploit all possible means to overcome the sanctions. Western countries imposed the sanctions on the Bashar al-Assad government over the bloodshed in Syria
Eurozone finance ministers agreed at a meeting in Copenhagen on Friday to increase the bailout lending limit to 700 billion euros ($930 billion), a move aimed at reassuring financial markets wary of a Eurozone default and dampening the crippling debt crisis of the past few years. It was decided to temporarily lift the combined ceiling of the two rescue funds, the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from the current level of 500 billion euros ($670 billion)
At a time when the US job numbers have started to improve, the looming cuts in defense budget can play spoilsport. The Pentagon said last week thousands of jobs can be lost across the defense industry if lawmakers do not act decisively to ensure that the possible $500-billion cuts are prevented. Frank Kendall, the Defense Department’s acting undersecretary for acquisition, technology and logistics, said the defense budget cuts would force the Pentagon to break many hard-won contracts with the industry
Japan 's government approved on Friday a bill to double the nation's consumption tax by 2015, which is seen as an important step towards putting the public finances on a sustainable path. This will happen in two stages with the first increase from the current 5 percent rate to 8 percent taking place in April 2014.
The outlook for the emerging markets look mixed though there are some common premises which prevail, including low rate of global trade and core inflation. Open small and medium sized economies with sluggish growth are more exposed to the low rate of global trade. The domestic demand is pretty strong across many regions, including Africa and Asia
In a move to enhance liquidity and improve operating performance, Sears Holdings Corporation ( SHLD ), a cash strapped company, is likely to sell its Lands' End brand, The Wall Street Journal reported. The Journal stated that Sears Holdings, who is already in talks with various private-equity firms, is looking to raise about $2 billion in cash from this sale. Goldman Sachs is likely to assist the company on the sale
Posted 3/30/2012 7:16 PM by Zacks Equity Research from Zacks.com in Investing , Business , Stocks | Like it Don't like it Referenced Stocks: HCBK , PBCT We are reiterating our Neutral recommendation on People's United Financial Inc. ( PBCT ). The recommendation is based on the company's detailed analysis of fourth-quarter 2011 earnings and its expense savings initiatives
Communication technology company Harris Corp. ( HRS ) recently received a contract worth $15.2 million from the Department of Defense in Australia.