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[ July 28, 2014 | Author: admin | Views: 89311 | Weather: | Mood: normal]

The National Highway Traffic Safety Administration issued a proposed regulation Monday requiring all light vehicles– including cars, SUVs, trucks and vans — to have “rear-view visibility systems,” in effect, requiring backup cameras. The rule applies to all vehicles with a gross weight rating up to 10,000 pounds — from the smallest subcompact to commercial vans. It begins phasing in 10% of vehicles after May 1, 2016 models, 40% a year later and 100% in May 2018. The rule follows an outcry from consumer groups and families that have been touched by tragedies involving back-over accidents, especially those involving children in parking lots. They had been pushing hard against delays in implementing tougher standards. NHTSA says it has been listening. “We are committed to protecting the most vulnerable victims of back-over accidentsour children and seniors,” said Transportation Secretary Anthony Foxx in a statement. “As a father, I can only imagine how … Continue reading

[ July 28, 2014 | Author: admin | Views: 20152 | Weather: | Mood: normal]

Gambling revenue growth on the Chinese island of Macau fell to its lowest level in 15 months in January, rising just 7% to $3.6 billion. The drop is attributed to slowing economic growth in China, and the even worse news for casino operators is that high-rollers (called VIPs) who account for about two-thirds of Macaus revenues are also keeping their hands on their wallets. The impact of the report from Macaus gambling commission sent shares of Las Vegas Sands Inc.s (NYSE: LVS) Sands China Ltd. shares down 7.5% in Hong Kong trading. Thats the biggest one day drop since October 2011 according to a report at Bloomberg News. In the U.S., casinos with significant exposure to Macau are also taking a hit. Las Vegas Sands is down the least, at about 1.3% at the noon hour Tuesday. MGM Resorts International (NYSE: MGM) is down nearly 2%, Wynn Resorts Ltd. (NASDAQ: … Continue reading

[ July 27, 2014 | Author: admin | Views: 88928 | Weather: | Mood: normal]

U.S. stocks fluctuated as investors weighed better-than-estimated bank earnings and economic data against Federal Reserve comments that some sectors have excessive valuations. Treasuries were little changed and the dollar strengthened as Chair Janet Yellen told lawmakers the central bank must press on with stimulus. The Standard & Poor’s 500 Index fell 0.1% at 1:50 p.m. in New York. The Russell 2000 Index of small companies sank 0.8% after a Fed report said valuations of some biotechnology and social media stocks may be “substantially stretched.” JPMorgan Chase & Co. and Goldman Sachs Group Inc. rose at least 1.2% after the banks reported better-than- forecast earnings. U.S. crude fell below $100 a barrel for the first time since May. The yield on 10-year Treasury notes fell one basis point to 2.54, near the lowest in six weeks. The dollar gained against most major peers. The central bank must press on with stimulus … Continue reading

[ July 27, 2014 | Author: admin | Views: 63901 | Weather: | Mood: normal]

Anthony Souffle, Chicago Tribune/MCT via Getty ImagesBeanie Babies founder Ty Warner leaves a federal courthouse in Chicago last October. CHICAGO — The billionaire creator of Beanie Babies was sentenced to two years of probation, but no prison time, Tuesday for tax evasion on $25 million in income he had stashed away in Swiss bank accounts. H. Ty Warner, 69, appeared somber but composed as he made a brief statement before receiving his sentence in a Chicago federal courtroom, apologizing and saying he felt “shame and embarrassment” for what he had done. He could have been sentenced to up to five years in prison, and prosecutors were seeking prison time for Warner, who pleaded guilty last year to a single tax evasion count. U.S. District Judge Charles Kocoras, however, sentenced Warner to probation and 500 hours of community service, praising the toy magnate for the charity work he’s done. Kocoras said … Continue reading

[ July 27, 2014 | Author: admin | Views: 81907 | Weather: | Mood: normal]

Anthony Souffle, Chicago Tribune/MCT via Getty ImagesBeanie Babies founder Ty Warner leaves a federal courthouse in Chicago last October. CHICAGO — The billionaire creator of Beanie Babies was sentenced to two years of probation, but no prison time, Tuesday for tax evasion on $25 million in income he had stashed away in Swiss bank accounts. H. Ty Warner, 69, appeared somber but composed as he made a brief statement before receiving his sentence in a Chicago federal courtroom, apologizing and saying he felt “shame and embarrassment” for what he had done. He could have been sentenced to up to five years in prison, and prosecutors were seeking prison time for Warner, who pleaded guilty last year to a single tax evasion count. U.S. District Judge Charles Kocoras, however, sentenced Warner to probation and 500 hours of community service, praising the toy magnate for the charity work he’s done. Kocoras said … Continue reading