Money Matters - Simplified


Female reporter: Not offended by Jets

New York -- A female sports reporter whose accusations of sexist conduct by the New York Jets sparked an investigation said Monday she never felt threatened.

Ines Sainz, a reporter for TV Azteca of Mexico, claimed she was bombarded by catcalls and boorish behavior by Jets players while she was visiting their practice facility Saturday, prompting an apology by Jets owner Woody Johnson and an investigation by the NFL, the New York Daily News reported.

But Sainz, a former Miss Universe, told Spanish-language program DeporTV Monday she never felt offended during the incident.

Underwear-clad sergeants docked pay

Stockholm -- The Swedish Armed Forces said two non-commissioned officers were disciplined for dressing in their underwear on duty and flying a flag depicting a penis.

The Armed Forces Disciplinary Board said the sergeants were docked three days pay after they were spotted wearing only their underwear and blazers on a boat while leading an exercise involving national service recruits, The Local reported Monday.

The board said the men painted a penis on the white flag adorning their boat.

"The board finds that (the officers) have rendered themselves guilty to misconduct that cannot be considered minor," the board wrote in its ruling.

The ruling said the pantless pair "had not adapted their clothing to existing water and temperature conditions."

R&D doesn't guarantee U.S. jobs

Washington -- Data show U.S. research and development efforts, along with jobs, are headed overseas, despite the United States' image as a breeding ground for innovation.

The Commerce Department said research and development funds spent by U.S. corporations sank by 2.2 percent in the United States to $199 billion in 2008, the Los Angeles Times reported Monday.

In the same year, foreign subsidiaries of U.S. corporations increased their research funding by 7 percent to $37 billion.

The National Science Foundation said government spending on research and development has been all but unchanged since 2003 and is expected to shrink next year.

New banking regulations aimed at reinforcing stability

The financial authorities from 27 countries had reached an agreement Sunday at Basel, Switzerland on new rules proposed to make the global banking industry safer and defend international economies from future fiscal disasters.

Scientists draw bead on crop parasite

Toronto -- Scientists say they've found weapons to combat a parasite that annually lays waste to thousand of acres of crops throughout Africa, Asia and Australia.

Researchers from the University of Toronto say the parasitic plant called Striga, also known as witchweed, is one of the largest challenges to food security in Africa, a university release says.

When crops are planted and begin to grow, their roots release a hormone called strigolactone. Stria seeds in the soil use the hormone as a cue to germinate and infect the crop. Once connected to the crop plants, the parasite kills them by sucking out its nutrients.

New definition of 'old age' proposed

London -- The cost of old age on health services in industrialized nations may need to be re-examined, U.S. researchers say.

Scientists from Stony Brook University along with colleagues from Austria say rising life expectancies and improved health means populations are aging more slowly and the burden may not be as dramatic as feared, the BBC reported Friday.

Their study, published in Science magazine, says aging shouldn't be measured strictly by fixed chronological ages, which can be misleading.

"Most of our information about aging comes from indicators published by the United Nations and statistical agencies," said Professor Warren Sanderson from Stony Brook.

The Preferred Buy for Savvy Investors

Over the past year, bonds have captured the attention of investors looking for current income and greater safety than most stocks can provide. But if you're willing to look beyond bonds, you may find an investment with features that are far preferable to bonds.

Ex-HP CEO Mark Hurd joins as co-president at Oracle

Oracle Corp (ORCL.O) has hired Mark Hurd, the ex-chief executive of Hewlett-Packard Co. (HPQ.N), as co-president.

Alaska Air Group reports August operational results

Alaska Air Group, Inc. (NYSE: ALK) revealed its August operational results for its subsidiaries, Alaska Airlines (Alaska) and Horizon Air (Horizon).

Alaska Airlines reported a 10.0 percent increase in traffic on a 7.1 percent increase in capacity.

Alaska's 88.7 percent of flights arrived on time in August 2010, a 3.0-point increase compared to the 85.7 percent reported in August 2009.

Horizon Air reported a 2.2 percent increase in traffic on a 1.1 percent decline in capacity compared to August 2009.

Horizon's 80.5 percent of its flights arrived on time in August 2010, an 8.1-point decrease compared to the 88.6 percent reported in August 2009.

Liberty Media Corporation announces refinancing of QVC bank credit facilities

Liberty Media Corporation (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB), and QVC, Inc. announced Thursday the refinancing of QVC's bank credit facilities with a new Revolving Credit Facility, the Revolver.

The Revolver is a multi-currency facility. IT provides a credit of up to $2 billion and replaces QVC's existing credit facilities, which will expire between 2011 and March 2014.

Of the $2 billion of capacity available on the Revolver, QVC drew the USD equivalent of $1.83 billion at closing.

President and CEO of Liberty Greg Maffei said, “We are pleased with the successful refinance of QVC's bank debt. The new facilities enhance QVC's credit profile and further strengthen its balance sheet by providing additional financial flexibility and liquidity."