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Chicago Board of Trade › (CBOT:OZB.H12.12300P)

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Today's Financial News

Immigrants in US illegally but granted work permits could qualify for some retirement benefits

1 day ago

WASHINGTON (AP) — Many immigrants in the United States illegally who apply for work permits under President Barack Obama's new executive actions would be eligible for Social Security and Medicare benefits upon reaching retirement age, according to the White House. No such "lawfully present" immigrant, however, would be immediately entitled to the benefits because like all Social Security and Medicare recipients they would have to work 10 years to become eligible for retirement payments and health care. To remain qualified, either Congress or future administrations would have to extend Obama's actions so that those immigrants would still be considered lawfully present in the country.

General strike shuts down services across Greece; flights grounded, ferries tied up in ports

1 day ago

ATHENS, Greece (AP) — A nationwide general strike to protest continued austerity measures has shut down services across Greece, grounding flights, leaving ferries tied up in ports, shutting down schools and leaving state hospitals functioning with emergency staff. Greece has been dependent on billions of euros from international bailouts from the eurozone and International Monetary Fund since 2010. In return, it has had to cut spending and raise taxes to reform the economy

Toyota recalls more cars for air bag problems as officials investigate new case

1 day ago

TOKYO (AP) — Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and officials are investigating a new type of air bag problem that could lead to further recalls. Daihatsu Motor Co. said it's also recalling more than 27,000 Mira compact models in Japan for the same air bag problem linked to an inflator.

Toyota recalls more cars for air bag problems as officials investigate new case

1 day ago

TOKYO (AP) — Toyota Motor Corp. is recalling more than 40,000 vehicles in Japan as part of an ongoing air bag problem, days after Japan's transport minister instructed Japanese automakers to speed up their repairs. Toyota's recalls Thursday for the driver-side air bags are the latest in the widening safety problem related to Takata Corp. air bags.

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