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By Mihir Zaveri Updated 5:54 pm, Tuesday, April 3, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-4', placement: 'Interstitial Gallery Thumbnails 4', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Mark Mulligan, Houston Chronicle Image 1of/4 CaptionClose Image 1 of 4 Water flows out of the Addicks Reservoir down the main spillway near N. Eldridge Pkwy., Wednesday, Feb. 28, 2018, in Houston. A coffer dam is in place where the Army Corps of Engineers is building a new spillway. less Water flows out of the Addicks Reservoir down the main spillway near N. Eldridge Pkwy., Wednesday, Feb. 28, 2018, in Houston. A coffer dam is in place where the Army Corps of Engineers is building a new ... more Photo: Mark Mulligan, Houston Chronicle … [Read more...] about Army Corps of Engineers extends deadline for Addicks, Barker excavation proposals

New York City Mayor Bill de Blasio on Sunday blamed the media conglomerate owned by Rupert Murdoch for stoking racial rhetoric that helped elect President Donald Trump, declaring "There is no Donald Trump without News Corp." In an interview on CNN's "Reliable Sources," the liberal Democratic mayor asserted Trump would never have been elected "because he would have never been elevated the way he was consistently for years and years." "There is no Donald Trump without News Corp., I firmly believe that," he declared. "I believe in a free strong media with diverse views," he said. "I'll defend it with all I've got. But we have to be able to call out when a particular company has a corporate agenda, has a political agenda, and has very effectively changed the American discourse." De Blasio said there'd be "less overt hate" and fewer appeals "to racial division" without News Corp. television networks or publications, calling out Fox News and the New York Post. "They don't just dog whistle, … [Read more...] about De Blasio: Murdoch’s News Corp. ‘Elevated’ Donald Trump

Dec 06, 8:13 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Bianca Tan 12/06/18 AT 8:13 PM A rescue mission is underway for missing crew members following an aerial disaster involving two US Marine Corps fighter jets that collided mid-air off the coast of Japan, the Japan Ministry of Defense and US Marine Corps revealed Thursday.According to the Marines, the crash happened at 1:42 a.m. local time. A KC-130 Hercules plane and a F/A-18 Hornet fighter jet collided during a routine exercise as part of the crew’s training. The former’s primary mission was airborne refueling.“The aircraft were conducting routine training, and aerial refueling was a part of the training, As to what was taking place when the mishap occurred, that is under investigation,” the Marine Corps said in a statement.The incident which happened during the early hours of Thursday left one Marine dead. Five more are believed … [Read more...] about Rescue Underway For Missing Crew Members After US Marine Corps Planes Collide

Sep 20, 4:43 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 09/20/19 AT 3:52 AM Major Japanese trading house Mitsubishi Corp said Friday it was carrying out an investigation after its Singapore-based subsidiary lost $320 million because of unauthorised trades by an employee.In a statement, the firm said the losses involved a local employee of Petro-Diamond Singapore who was hired "to handle its crude oil trade with China".The employee "was discovered to have been repeatedly engaging in unauthorised derivatives transactions and disguising them to look like hedge transactions since January of this year", the firm said.A fall in crude prices from July resulted in "large losses", and the subsidiary began investigating the employee's work in mid-August, the statement added.PDS "expects to book a loss of approximately $320 million", it said.Mitsubishi Corp said the derivatives position was quickly closed and … [Read more...] about Mitsubishi Corp Unit Loses $320 Million On Unauthorised Trades

Sep 20, 6:04 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 09/20/19 AT 5:40 AM Major Japanese trading house Mitsubishi Corp said Friday it was carrying out an investigation after its Singapore-based subsidiary lost $320 million because of unauthorised trades by an employee.In a statement, the firm said the losses involved a local employee of Petro-Diamond Singapore who was hired "to handle its crude oil trade with China".The employee "was discovered to have been repeatedly engaging in unauthorised derivatives transactions and disguising them to look like hedge transactions since January of this year", it said.A fall in crude prices from July resulted in "large losses", and the subsidiary began investigating the employee's work in mid-August, the statement added, with PDS expecting "to book a loss of approximately $320 million".Mitsubishi Corp said the derivatives position was quickly closed and investigations … [Read more...] about Mitsubishi Corp Unit Loses $320 Mn In Unauthorised Trades