Business

Detectives question man in NYC mosque shooting

While we do not yet know the motivation for the murders of Maulama Akonjee and Thara Uddin, we do know that our Muslim communities are in the perpetual crosshairs of bigotry. Surveillance footage showed the suspect following the victims. Investigators said Monday that the auto matched the description of one involved in an unsolved hit-and-run crash in Brooklyn.

Business

Deliberations begin at AG Kane's trial

Morrow testified Thursday that Kane knew grand jury information was inside a package he leaked to a reporter and Kane later conspired with him to cover up the crime. Kane's lawyers insist she had no direct involvement in the illegal leak of confidential documents from a 2009 investigation of a Philadelphia civil rights leader, J.

Business

Wall Street ends at record highs; commodity shares climb

COMEX gold futures rose 0.16 percent to $1,345.30 while silver rose 0.67 percent to $19.84. Advancing issues outnumbered decliners on the NYSE by 2,110 to 792. "The market is grinding higher thanks to better-than-expected earnings results during this season as well as due to lack of alternatives, since bond yields are so low", said Karyn Cavanaugh, senior market strategist at Voya Financial.

Business

Pound slides against Singdollar after Bank of England's aggressive stimulus

Carney, the bank's governor, said at a news conference on Thursday. "At its meeting ... the MPC voted for a package of measures created to provide additional support to growth and to achieve a sustainable return of inflation to the (2.0-percent) target", the bank said.

Business

Stocks rally, pound drops as Bank of England backs stimulus

Benchmarks in Taiwan, Indonesia and New Zealand also advanced. The Nasdaq composite fell 6 points, or 0.1 percent, to 5,153. Carney announced Thursday the bank has slashed a key interest rate from 0.5 percent to a record-low 0.25 percent.

Business

Egyptian athlete refuses to shake Israeli opponent's hand

It is customary in judo to both bow to opponents - a sign of respect in Japan - and shake hands after a bout is over, AFP noted. Sasson qualified for the consolation round after losing the semifinal against France's Teddy Riner. "There's absolutely no excuse for it". "It's a shame if that happens", Adams said. "This is already a big improvement that Arabic countries accept to (fight) Israel", spokesman Nicolas Messner said in an email.