Archive for category Business

Detroit retirees back pension cuts by a landslide

In a Thursday, July 3, 2014 file photo, Detroit retirees Mike Shane, left, and William Davis protest near the federal courthouse in Detroit. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. The city disclosed results from two months of balloting, which ended July 11. Judge Steven Rhodes still must hold a trial in August to determine if Detroit's overall bankruptcy plan is fair and feasible to all creditors, from Wall Street to Main Street, but support from retirees is vital. (AP Photo/Paul Sancya, File)

DETROIT (AP) — Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state.

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Report: Film production generated 15,900 jobs

SANTA FE, N.M. (AP) — One job was created in New Mexico for every $8,519 spent on tax incentives to attract film and television productions over nearly five years, according to a state-commissioned study released Tuesday.

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Gaza rocket lands near Israel’s main airport

Mourners gather around the bodies of seven members of the Kelani family, killed overnight by an Israeli strike in Gaza City, during their funeral in Beit Lahiya, northern Gaza Strip, on Tuesday, July 22, 2014. Ibrahim Kelani, 53, his wife Taghreed and their five children, were killed in the strike on a Gaza City highrise. Ibrahim's brother Saleh Kelani said Tuesday that his brother and his brother’s children, ranging in age from four to 12, had German citizenship, while his wife had not. The family had rented the apartment in the high-rise after fleeing their home in the northern Gaza town of Beit Lahiya which came under heavy shelling by the Israeli army. (AP Photo/Lefteris Pitarakis)

JERUSALEM (AP) — Israeli police say a rocket from Gaza landed in an area near Israel’s international airport.

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Clarification: GM-Recalls-Rental Cars story

WASHINGTON (AP) — In a story July 16, The Associated Press reported that General Motors became the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall. The story should have specified that current law bans car dealerships only from selling new cars under recall, not used recalled cars.

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New Mexico insurance exchange CEO starts in August

ALBUQUERQUE, N.M. (AP) — A new CEO of New Mexico’s health insurance exchange will take over running the online marketplace in late August.

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