| Greece Sends Migrants and Refugees Back to Turkey on First Day of New Deal Posted: 04 Apr 2016 11:46 AM PDT  The first migrants and refugees arrived back in Turkey from the Greek islands of Lesbos and Chios this morning as a part of a new plan to limit migration to Europe. One image captures Turkish police escorting deported women as they arrived at the port of Dikili district in Izmir, Turkey. Another shows some people gathered on a beach in Izmir watching others who were deported from Greece arrive on a small ferry.
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| World figures deny wrongdoing as 'Panama Papers' turn spotlight on tax evasion Posted: 04 Apr 2016 08:32 AM PDT  LONDON/PANAMA CITY (Reuters) - Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday following a leak of documents from a Panamanian law firm which allegedly showed how clients avoided tax or laundered money. The documents detailed schemes involving an array of figures from friends of Russian President Vladimir Putin to relatives of the prime ministers of Britain, Iceland and Pakistan and as well as the president of Ukraine, journalists who received them said. While the "Panama Papers" detail complex financial arrangements benefiting the world's elite, they do not necessarily mean the schemes were all illegal.
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| Law firm in Panama Papers leak is secretive, with big clients Posted: 04 Apr 2016 08:13 AM PDT  Mossack Fonseca, the Panama-based law firm at the heart of the "Panama Papers" scandal, is a discreet outfit with a roster of big-name clients and a quiet reputation for hiding money from the tax man. Politicians, sports stars, celebrities -- many were named in the 11 million pages of documents, according to information starting to be released by the International Consortium of Investigating Journalists (ICIJ), which is parsing the data. The revelation detailing the off-shore structures of many wealthy clients is a "crime" and an "attack" on Panama, the law firm maintains.
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| Exclusive: Makers took big price increases on widely used U.S. drugs Posted: 04 Apr 2016 07:55 AM PDT  By Caroline Humer NEW YORK (Reuters) - Major drug companies took hefty price increases in the U.S., in some cases more than doubling listed charges, for widely used medications over the past five years, a Reuters analysis of proprietary data found. Together, the price increases on drugs for arthritis, high cholesterol, asthma and other common problems added billions in costs for consumers, employers and government health programs. Extraordinary price hikes by two small companies, Turing Pharmaceuticals and Valeant Pharmaceuticals International Inc , drew new attention to drug costs.
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| Iceland opposition calls for snap election over PM offshore scandal Posted: 04 Apr 2016 07:22 AM PDT Iceland's opposition called on the prime minister and government to resign and planned a no confidence vote after a leak of documents stoked anger over his wife owning a tax haven-based company with large claims on the country's collapsed banks. The allegations in the so-called Panama Papers that were released globally over the weekend surfaced in Iceland last month, but the renewed spotlight and a planned protest later will increase pressure on Prime Minister Sigmundur Gunnlaugsson. Gunnlaugsson told privately held Channel 2 he did not plan to resign. |
| Alaska Air to buy Virgin America for $2.6 billion Posted: 04 Apr 2016 04:19 AM PDT  Alaska Air Group Inc said on Monday it had agreed to buy Virgin America Inc for $2.6 billion to expand its flights on the U.S. West Coast. Alaska Air said in a news release that the merged airline will become the fifth largest in the United States and will help it compete against larger rivals for lucrative business and international travelers visiting San Francisco and Los Angeles as well as Seattle, where the company is based. The acquisition will herald the first U.S. commercial airline merger since US Airways and American Airlines combined in 2013 to form the world's largest carrier.
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| Migrants sent back from Greece arrive in Turkey under EU deal Posted: 04 Apr 2016 02:13 AM PDT  By Dasha Afanasieva and Karolina Tagaris DIKILI, Turkey/LESBOS, Greece (Reuters) - Migrants sent back from the Greek island of Lesbos began arriving in Turkey on Monday under a disputed European Union scheme aimed at closing the main route by which a million people poured across the Aegean Sea to Greece in the last year. Under a deal denounced by refugee agencies and human rights campaigners, Ankara will take back all migrants and refugees who enter Greece illegally, including Syrians, in return for the EU taking in thousands of Syrian refugees directly from Turkey and rewarding it with more money, early visa-free travel and progress in its EU membership negotiations.
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| Crow Tribe elder, historian Joe Medicine Crow dead at 102 Posted: 03 Apr 2016 06:25 PM PDT  BILLINGS, Mont. (AP) — Joseph Medicine Crow, an acclaimed Native American historian and last surviving war chief of Montana's Crow Tribe, has died. He was 102.
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| Trump's prediction of 'massive recession' puzzles economists Posted: 03 Apr 2016 05:50 PM PDT  They dispute Trump's claim that unemployment and an overvalued stock market have set the stage for another slump.
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| Tesla says Model 3 orders top $10 billion in first 36 hours Posted: 03 Apr 2016 01:50 PM PDT  By Paul Lienert DETROIT (Reuters) - Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion. The car's average selling price projected by Musk is well above the $35,000 base price.
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| Putin aides among world leaders exposed in tax haven data dump Posted: 03 Apr 2016 01:31 PM PDT  Close aides of Russian president Vladimir Putin are among those whose assets feature in a vast expose of tax havens published Sunday after a year-long investigation into 11.5 million leaked documents. The assets of around 140 political figures -- including 12 current of former heads of states -- are mentioned in the revelations, according to the probe by the International Consortium of Investigative Journalists (ICIJ) and German daily Sueddeutsche Zeitung. The investigation yielded 11.5 million documents from around 214,000 offshore entities, the ICIJ said on its website.
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| German paper claim huge trove of data on offshore accounts Posted: 03 Apr 2016 01:12 PM PDT  BERLIN (AP) — German daily Sueddeutsche Zeitung says it has obtained a vast trove of documents detailing the offshore financial dealings of the rich and famous.
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