VW to keep adding Chinese capacity amid double-digit growth

Commentary, Economy, Stocks, U.S. Infrastructure

People pass row of Volkswagen e-Golf cars during company's annual news conference in BerlinVolkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market, helped by strong economic growth in interior regions. Europe's largest carmaker said in March 2013 it was planning to almost double production capacity in China to be able to make more than 4 million vehicles in its largest market by 2018. "We will further expand our capacities to be able to respond to the high market growth," Jochem Heizmann, head of VW's China operations told reporters on Saturday ahead of the Beijing auto show. VW increased its own deliveries in the country 16 percent in 2013 to 3.27 million autos.


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House lawmakers push back on Ukraine aid

Commentary, Economy, Stocks, U.S. Infrastructure

The White House is not going far enough in sending aid to Ukraine, say top Republicans and Democrats on the House Armed Services Committee in a letter to President Obama that was obtained by CNN.

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Memorial held for policeman slain after Boston Marathon bombing

Commentary, Economy, Stocks, U.S. Infrastructure

By Daniel Lovering CAMBRIDGE, Massachusetts (Reuters) – More than 1,600 people gathered at the Massachusetts Institute of Technology on Friday for a memorial service for a popular campus police officer shot to death a year ago in the aftermath of the Boston Marathon bombing. MIT police officer Sean Collier, 27, was shot multiple times in his car in an apparent confrontation with the bombing suspects days after the blast, which left three people dead and more than 260 injured when two homemade bombs exploded near the race’s finish line. Collier was killed in an unsuccessful attempt to steal his gun, authorities said. Police officers, government officials, students and faculty joined members of Collier’s family at the outdoor service under a tent a short distance from where Collier was killed, a place marked by a temporary memorial planted with flowers.

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Chinese relatives pray over lost Malaysian plane

Commentary, Economy, Stocks, U.S. Infrastructure

Relatives of Chinese passengers on board the Malaysia Airlines Flight 370 pray at a hotel conference room in Beijing, China, Friday, April 18, 2014.

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Compensation battle rages four years after BP’s U.S. oil spill

Commentary, Economy, Stocks, U.S. Infrastructure

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off LouisianaFour years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last remaining oyster fisherman on an island dotted with colorful houses on stilts, says he has not found a single oyster alive in his leases in the area since the leak and relies on an onshore oyster nursery to make a living. The British oil major has paid out billions of dollars in compensation under a settlement experts say is unprecedented in its breadth. Some claimants are satisfied, but others are irate that BP is now challenging aspects of the settlement.


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Japan, U.S. trade talks in stalemate, ministers to meet again: Japan

Commentary, Economy, Stocks, U.S. Infrastructure

Amari speaks to the media after meetings with Froman in TokyoBy Krista Hughes and Kaori Kaneko WASHINGTON/TOKYO (Reuters) – U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps ahead of a summit between the countries' leaders. The TPP is central to U.S. President Barack Obama's policy of expanding America's presence in Asia. Japanese Prime Minister Shinzo Abe, for his part, has touted the TPP as a main element of his strategy to reform the world's third largest economy and generate sustainable growth. "A stalemate continues," Japan's Economy Minister Akira Amari told reporters in Washington after talks with U.S. Trade Representative Michael Froman.


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GE 1Q earnings fall, outlook strong

Commentary, Economy, Stocks, U.S. Infrastructure

FILE - This file photo made April 11, 2008, shows General Electric Co. logo on products in Danvers, Mass. General Electric is reporting lower net income Thursday April 17, 2014 than a year ago because last year's results included the sale of NBC Universal. (AP Photo/Lisa Poole, File)NEW YORK (AP) — General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal. But the company said its industrial divisions performed well and the economic environment was "positive."


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A year after marathon bombs, Boston hospitals apply lessons learned

Commentary, Economy, Stocks, U.S. Infrastructure

Pedestrians are reflected in a "Boston Strong" t-shirt displayed in shop window as they walk past site of first bomb blast from 2013 Boston Marathon bombings in BostonBy Svea Herbst-Bayliss BOSTON (Reuters) – The homemade bombs that ripped through the crowd at the finish line of last year's Boston Marathon, killing three people and injuring 264, showcased the city's medical talent but also taught valuable lessons in responding to a mass disaster. By all accounts, Boston's hospitals performed well after the attacks on April 15, 2013. Looking back, a year after their hospitals were packed with blast victims, Boston officials have tweaked how they prepare for a disaster, now requiring city emergency medical personnel to carry tourniquets and developing a standard method for one city agency to track disaster victims in hospitals.


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