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Today's Financial News
2 hours, 1 minute ago
NEW YORK (AP) — PepsiCo Inc.'s CEO Indra Nooyi has made a double-edged statement on the NFL's problems handing domestic violence, calling some players' behavior "repugnant" but saying that Commissioner Roger Goodell is "a man of integrity." The league and its teams have come under fire over the past two weeks over how it is dealing with several players with domestic violence allegations against them. An investigation has been launched into whether Commissioner Roger Goodell knew about or saw a video of Baltimore Ravens player Ray Rice hitting his then-fiancee earlier than he said.
2 hours, 5 minutes ago
NEW YORK (AP) — Executives at Jordan-based Arab Bank should not be held responsible for a wave of suicide bombings in Israel in the early 2000s that left several Americans dead, a lawyer said Thursday in closing arguments at a U.S. civil trial. In more than a month of testimony, the jury had heard Arab Bank Chairman Sabih Al-Masri and other executives take the witness stand to deny allegations in a 2004 lawsuit filed by the American victims that the bank knowingly helped Hamas fund a "death and dismemberment benefit plan" for martyrs from the West Bank and Gaza. The defense portrayed Al-Masri as a trusted banker whose own family had been victimized by terrorism and who opened branches in the Palestinian territories to help with rebuilding and humanitarian efforts — not to back extremi
2 hours, 13 minutes ago
DETROIT (AP) — Former New York City Mayor Michael Bloomberg and billionaire investor Warren Buffett joined Detroit Mayor Mike Duggan and Gov. Rick Snyder on Thursday at the graduation of 64 local business owners from Goldman Sachs' 10,000 Small Businesses program. The graduates followed a band to the stage at Wayne State University's Community Arts Theater to the Motown hit "Get Ready."
2 hours, 19 minutes ago
RIO DE JANEIRO (AP) — The future of the golf course under construction for the Rio de Janeiro Olympics in 2016 was unclear Wednesday after the city of Rio and the course developer — both defendants in a lawsuit — failed to agree to changes proposed by a Brazilian court. The defendants offered to alter three holes of the layout, which is behind schedule and facing tight deadlines. The public prosecutor, who alleges the city and the developer have violated environmental laws, asked the developer to yield a large parcel of land being earmarked for luxury apartments.