BUSINESS

Customers shop at Macy's department store in New York

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
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Tiger farm

India, UK Ask China To Ban ‘Tiger Farms’

Conservationists have warned that the global wild tiger population, which totaled some 100,000 in 1900, has since shrunk to about 3,000. The animal could be extinct in the wild within two decades, they add.
Neil Edwin Prescott

Neil Edwin Prescott Arrested By Maryland Police, Authorities Detain Man Who Said 'I Am The Real Joker,' Guns Recovered In Apartment [PHOTO]

Prince George's County police have arrested Neil Edwin Prescott after he allegedly made threats and referred to himself as the Joker this week. According to police, they arrested Prescott and recovered numerous guns from a home Thursday night. Julie Parker, a spokeswoman for the Prince George's County police, told NBC News Friday that authorities had "thwarted a terrorist threat."
Drudge Report Exposed: Front Page Linked To Old Stabbing Story From Salt Lake City

Drudge Report Exposed: Front Page Linked To Old Stabbing Story From Salt Lake City

The Salt Lake City Police Department was flooded from phone calls from reporters on Friday after the Drudge Report linked a story about how a man stopped another man's stabbing rampage in a Salt Lake City. Though the linked article from the Drudge Report front page was clearly published on April 26, many reporters did not take notice and published the news as if it had occurred the night before.
U.S. Labor Market

These Signs Say The US Labor Market Is Healing

While all the headlines in recent months have been devoted to highlighting the "sluggishness" of job creation, the U.S. labor market is actually actively stitching together its wounds.
A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi

ICICI Bank Q1 Profit Jumps 36 Percent, Beats Forecast

ICICI Bank(ICBK.NS), India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.

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