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Venezuelans brace for slump in oil prices

CARACAS, Venezuela- The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue. Now Venezuela is suddenly a lot less rich, and many fear those lines will just get longer. In Venezuela, where 95...
Source: The Associated Press
Raytheon and Thales to upgrade UK MOD Mode 5 Identification Friend or Foe capability

LONDON, Oct. 24, 2014/ PRNewswire/-- The U.K. Ministry of Defence selected the Raytheon U.K., Thales U.K. team to conduct a one-year study into upgrading existing Identification Friend or Foe systems to Mode 5, which will address NATO's requirement for a new standard of IFF across all platforms. Raytheon and Thales' IFF Mode 5 subsystems use a common US-sourced KIV-77...
Source: PR Newswire
Venezuela seizes warehouses packed with medical goods, food

CARACAS, Oct 23- President Nicolas Maduro's government said on Thursday it had taken over warehouses around Venezuela crammed with medical goods and food that "bourgeois criminals" were hoarding for speculation and contraband. The socialist government says businessmen and wealthy opponents are trying to sabotage the economy to bring Maduro down, while...
Source: Reuters | By: Andrew Cawthorne
ANALYSIS-Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan

NEW YORK, Oct 23- Some very big investors are betting on an upswing in two problematic parts of the world right now, Europe and Japan, their confidence bolstered by the brisk money-printing from central banks in both regions. Standard Life Investments, Goldman Sachs Asset Management, and Seven Investment Management are among those who believe in the potential...
Source: Reuters | By: Gertrude Chavez-Dreyfuss and Sam Forgione
Iconic Swiss Watch Brand, Baume & Mercier Reveals Promesse, A New Ladies Collection, Its First In Nearly A Decade

NEW YORK, Oct. 22, 2014/ PRNewswire/-- Baume& Mercier, one of the oldest Swiss watch brands, unveils a new ladies watch collection, Promesse, its first new women's offering in nearly a decade. Prices for the Promesse collection start at $1,900. I'm truly looking forward to reading the submissions, for there are so many beautiful stories to be told and wishes to share, "...
Source: PR Newswire
Beauty.com Debuts Tess Giberson's Winter Forest Bag This Holiday Season

BELLEVUE, Wash. and NEW YORK, Oct. 21, 2014/ PRNewswire/-- Beauty.com ®, a division of drugstore.com, inc., is ringing in the holiday season by offering the exclusive Winter Forest Bag by noted designer Tess Giberson as a free gift with purchase. The product-filled bag is available only on Beauty.com for shoppers who spend more than $125 at the prestige beauty...
Source: PR Newswire
Fast Park donates more than $10,000 and 10,000 pounds of food

CINCINNATI, Oct. 21, 2014/ PRNewswire-iReach/-- In support of Hunger Action Month, Fast Park, an offsite airport parking company with 17 facilities in 13 markets, collected 10,083 pounds of food and donated more than $10,000 to local food banks. Collections took place at Fast Park facilities in Albuquerque, Austin, Baltimore, Cleveland, Cincinnati, Houston,...
Source: PR Newswire
Venezuela's Maduro approval rating drops to 30 pct, poll says

CARACAS, Oct 20- Venezuelan President Nicolas Maduro's approval rating dropped to 30.2 percent in September from 35.4 percent in July, according to a survey by pollster Datanalisis, amid an ongoing economic crisis that has weighed on his popularity. The OPEC nation faces the highest annual inflation in the Western Hemisphere at 63.4 percent, chronic...
Source: Reuters
Why Venezuela is so desperate, in 5 easy charts

Despite its oil revenues, Venezuela's economic and fiscal situations are in free fall. Learn why here.
Source: CNBC.com | By: Michelle Caruso-Cabrera
Oil slide puts Venezuela's Maduro under pressure for reforms

CARACAS, Oct 16- The slump in global oil prices has heightened pressure on President Nicolas Maduro to enact politically risky reforms to bolster Venezuela's weak public finances and its ability to pay down debt. Crude prices under $85 have given new voice to reformers within Maduro's government, and critics outside, who say he needs to make urgent changes.
Source: Reuters | By: Corina Pons