1201 Cedar Lane, Northbrook, IL 60062
The eurozone Friday warned five countries led by Spain and Italy to deliver on promises to hit deficit and debt targets in national spending plans next year. The Eurogroup of finance ministers and the European Commission put the five -- which also includes Finland, Luxembourg and Malta -- in the spotlight after a first-ever peer review of national eurozone budgets before being passed in national parliaments. France too was told it must accelerate a reform drive, including an assurance to open up labour markets next year. The broad aim of EU Economic Affairs Commissioner Olli Rehn's report and recommendations is to stimulate much needed growth and create jobs across the struggling European economy.
US stocks soared to fresh heights once again this week, notching new landmarks amid solid economic data, loose monetary policy and, above all, buoyant sentiment. The Dow Jones Industrial Average on Thursday recorded its first-ever close above 16,000 and ultimately ended the week at 16,064.77, up 103.07 (0.65 percent). The Dow has closed at new records 41 times in 2013, according to data from S&P Dow Jones Indices. Then on Friday, the broad-based S&P 500 reached a new peak of its own, finishing above 1,800 for the first time at 1,804.76, up 6.58 (0.37 percent) for the week.
Twitter on Friday announced it has toughened the encryption of traffic at the globally popular one-to-many messaging service to thwart online snooping. Twitter followed in the footsteps of Google and Facebook, adding a layer of security called Perfect Forward Secrecy to protect data that users would like kept from prying eyes. "On top of the usual confidentiality and integrity properties of HTTPS, Forward Secrecy adds a new property," Twitter explained in a blog post. "If an adversary is currently recording all Twitter users' encrypted traffic, and they later crack or steal Twitter's private keys, they should not be able to use those keys to decrypt the recorded traffic."
By Dana Feldman LOS ANGELES (Reuters) - The son of an 85-year-old California retiree and Korean War veteran who was detained by North Korean authorities last month during a trip to the reclusive Asian nation said on Friday he has had no communication with his father since then. Jeff Newman also told Reuters in an interview his family remained concerned about the health of his father, Merrill Newman, and does not know whether heart medication sent to North Korea on his behalf had reached him. The son's comments came as a State Department official in Washington told reporters that North Korea had confirmed through diplomatic channels its detention of a U.S. citizen but did not identify the individual being held. Experts on North Korea expressed surprise that an elderly American on a sightseeing trip - one of hundreds of U.S. citizens who visit that country every year - would be singled out for detention simply for having served in the Korean War.
Three women held captive in a London house for 30 years were beaten and brainwashed, police said Friday, as Britain struggled to comprehend its worst case of modern-day slavery. Detectives are trying to understand the "invisible handcuffs" used to control the women, including a 30-year-old who had spent her entire life in servitude, Commander Steve Rodhouse of London's Metropolitan Police told reporters. He also revealed that the two suspects in the case, a man and a woman both aged 67 who were arrested at a house in south London on Thursday, had been detained before in the 1970s, but gave no further details.