November 16, 2012
Mavado Still To Return $15K Down Payment
The BVI might be praying that David Constantine Brooks, the 'Gully God', better known as Mavado, will return a hefty down payment after he failed to perform as planned during the Territory's festival celebrations last August.According to the Virgin…
November 16, 2012
Christie’s New York art sale sets post-war contemporary record
The US art season ended with a record-breaking sales total of $412m (£259.9m) for Christie's, with records set for works by 11 artists. Jeff Koons sculpture Tulip, which graced New York's Rockefeller Center plaza, achieved an artist record of $33.7m…
November 16, 2012
Justin Bieber paparazzo case thrown out by US judge
Criminal charges filed against a photographer who chased Justin Bieber have been dropped by a judge. Paparazzo Paul Raef was charged in July with two counts of violating a law which makes dangerous driving while taking commercial photographs a…
November 16, 2012
Dave Lee Travis arrested on suspicion of sexual offences
Former Radio 1 DJ Dave Lee Travis has been arrested as part of the police probe set up in the wake of the Jimmy Savile scandal, the BBC understands. The 67-year-old was arrested at his home in Mentmore, Buckinghamshire, on suspicion of sexual…
November 16, 2012
Japan averts ‘fiscal-cliff’ as it passes financing bill
Japan's lawmakers have approved a crucial bill that will ensure that the government does not run out of money at the end of this month. It will allow the government to borrow additional money by selling bonds to pay for a large chunk of its…
November 16, 2012
Bernanke blames banks for holding back housing market
Ben Bernanke has said that the overly stringent lending requirements of banks are hurting the US housing recovery. In a speech, he said the housing market showed signs of recovery but was "far from being out of the woods". The Federal Reserve…
November 16, 2012
US Postal Service in $16bn loss
The US Postal Service has reported an annual loss of a $15.9bn (£10bn), ending a year in which it defaulted on payments twice to avert bankruptcy. Its financial losses were more than triple the previous year's. Most of the mail agency's financial…
November 16, 2012
Dell’s profits slump by 47% on weak sales
Computer-maker Dell has seen its quarterly profit fall by 47% after it was hit by falling sales to both consumers and large companies. The US group made a net profit of $475m (£300m) in July to September, compared with $893m a year earlier. Dell's…
November 16, 2012
BP gets record US criminal fine over Deepwater disaster
BP has received the biggest criminal fine in US history as part of a $4.5bn (£2.8bn) settlement related to the fatal 2010 Deepwater Horizon disaster. Two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading…
November 16, 2012
US Congress Probes Libya Attack
U.S. intelligence and counterterrorism officials are testifying before Congress about the deadly September attack on the U.S. consulate in Benghazi, Libya. The House and Senate Intelligence Committees began closed-door hearings Thursday on the…