Europe recovery shows signs of strengthening

Commentary, Economy, Stocks, U.S. Infrastructure

FRANKFURT, Germany (AP) — A closely-watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum.

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‘Bridgegate’ scandal threatens next World Trade Center tower

Commentary, Economy, Stocks, U.S. Infrastructure

World Trade Center developer Larry Silverstein speaks at an event to update the public on the pace of development at the site in New YorkBy Hilary Russ NEW YORK (Reuters) – The "Bridgegate" scandal that rocked New Jersey Governor Chris Christie's administration earlier this year is threatening a deal that would allow developer Larry Silverstein to finish building the next World Trade Center skyscraper. Silverstein needs a guarantee from the Port Authority of New York and New Jersey to secure a $1.2 billion construction loan for 3 World Trade Center. On Wednesday, the agency's board will vote on whether to approve that guarantee, part of a deal that would provide hundreds of millions of dollars more to the Port Authority and allow it to foreclose on the $2.4 billion tower if Silverstein cannot pay debt service costs. But Silverstein's deal, even with the concessions to the Port Authority, has become entangled in a fierce debate within the agency over its mission, including whether it should be in the real estate business at all.


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US judge to hear arguments in Oregon same-sex marriage case, but state isn’t defending its ban

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Teresa Shelley waves a rainbow-colored American flag on the steps of The Wayne L. Morse United States Courthouse Tuesday, April 22, 2014 in Eugene, Ore.

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Japan’s Mizuho names ex-minister as chairwoman in management revamp

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A man is reflected on an advertisement board of Mizuho Financial Group's Mizuho Bank in TokyoBy Taiga Uranaka TOKYO (Reuters) – Scandal-hit Mizuho Financial Group has nominated former economy minister Hiroko Ota as chairwoman, as Japan's second-largest bank strives to improve corporate governance by bringing in more outsiders. Mizuho shareholders will vote on the nomination in June after which Ota, 60, could become one of the highest-ranking women in an industry which only recently started to appoint female executive officers. Mizuho said it handled the matter poorly and that it would revamp management by appointing more outside directors – one of whom would head the board – and change a corporate culture widely criticized as fostering departmental factionalism. "I tried to improve corporate governance but it was not enough.


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US weighs curbing deportations

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This March 18, 2014 file photo shows Homeland Security Secretary Jeh Johnson speaking in Washington.

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Keflezighi wins Boston Marathon, first U.S. victor in decades

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By Scott Malone, Svea Herbst-Bayliss and Richard Valdmanis BOSTON (Reuters) – Meb Keflezighi on Monday became the first U.S. male athlete to win the Boston Marathon in three decades as onlookers chanted “USA! USA!,” an emotional performance in a city still recovering from last year’s fatal bombing attack. Keflezighi, who was born in Eritrea but is now a U.S. citizen, pulled ahead of a pack of elite African runners a little more than halfway into the race and held off a late challenge by Kenya’s Wilson Chebet to finish in two hours, eight minutes and 37 seconds. Among the women, Kenya’s Rita Jeptoo notched her second consecutive win of the race, smashing a 12-year course record with a blistering time of two hours, 18 minutes and 57 seconds, reeling in American Shalane Flanagan, who had set a punishing pace as she led the women for the first 20 miles of the 26.2-mile (42.2-km) race. “This is probably the most meaningful victory for an American, just because of what happened here last year,” Keflezighi told reporters after his win.

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Boston Marathon to feature second-largest field in race history

Commentary, Economy, Stocks, U.S. Infrastructure

Boston Police dog "Titan" and his handler Officer Joel Rodriguez patrol the finish line of the Boston Marathon in BostonSome 36,000 athletes, including Kenyan and Ethiopian runners who are consistently ranked among the world's fastest, will run in the 118th Boston Marathon on Monday, putting the world-renown race back in the spotlight after it was marred by last year's bombing attack. Returning men's and women's champions Lelisa Desisa of Ethiopia and Rita Jeptoo of Kenya are among the top-ranked runners expected to compete in the 26.2 mile race. But each faces a rival with a faster personal-best time: Dennis Kimetto of Kenya ran last year's Chicago Marathon in 2:03:45 and Ethiopia's Mare Dibaba turned in a 2:19:52 performance at the 2012 Dubois marathon.


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Ukraine peace deal falters as rebels show no sign of surrender

Commentary, Economy, Stocks, U.S. Infrastructure

A pro-Russian protester stands at barricades at police headquarters in eastern Ukrainian town of SlavianskBy Richard Balmforth and Aleksandar Vasovic KIEV/SLAVIANSK, Ukraine (Reuters) – An agreement reached last week to avert wider conflict in Ukraine was faltering as the new week began, with pro-Moscow separatist gunmen showing no sign of surrendering government buildings they have seized. Washington says it will hold Moscow responsible and impose new economic sanctions if the separatists do not clear out of government buildings they have occupied across swathes of eastern Ukraine over the past two weeks. U.S. Vice President Joe Biden was due in Kiev later on Monday. Kiev and Moscow traded accusations over a deadly shooting on Easter Sunday morning, when at least three people were killed at a checkpoint manned by armed separatists.


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