AP / Reuters News

FACTBOX: 25 Ships and Crews Still Held by Somali Pirates

Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …

California Storms Cause $10M in Damage; More Rain on Way

The rains and snows that socked California for a week have eased for now but another storm is on its way. The National Weather Service said temperatures have risen slightly across Los Angeles and San Diego counties and showers have …

Japan’s Dai-ichi Life to Take over Australia’s Tower Group for $1.2 Billion

Japan’s Dai-ichi Life Insurance Co said it would buy the shares it does not already own in Tower Australia Group Ltd for 99.6 billion yen ($1.2 billion) as it seeks expansion overseas. Japan’s No.2 life insurer said it would pay …

Massachusetts Man Pleads Guilty in Fatal Staged Accident

A former Lawrence, Massachusetts man who participated in a staged car crash that took the life of a 65-year-old grandmother has been sentenced to 2 1/2 years in prison after pleading guilty to manslaughter. Prosecutors say Hairo Gomez was behind …

WSJ Reports AIG Nearing Nan Shan Buyer

Bailed-out insurer American International Group Inc is close to picking a preferred bidder for Taiwanese life insurer Nan Shan, the Wall Street Journal reported Wednesday. But a person familiar with the situation, who spoke on condition of anonymity, told Reuters …

Actor Falls on Set of Broadway’s ‘Spider-Man’

The troubled Broadway musical “Spider-Man: Turn Off the Dark” was plagued by its fourth accident since it began previews last month when an actor performing an aerial stunt fell about 30 feet, fire officials said. Firefighters were called to the …

Europe Weather Ruins Christmas for Airlines, Retailers

Snow and freezing temperatures grounded flights across northern Europe on Tuesday, while retailers fretted they would struggle to make up sales lost due to bad weather with just four shopping days to Christmas. Eurocontrol, the umbrella group for air-traffic control …

Virginia School Expects $4.4M Insurance Payment for Roof Collapse

Montgomery County, Virginia says it expects to get $4.4 million from its insurance carrier for the collapse of the Blacksburg High School gym roof last February. The Roanoke Times reports that the anticipated insurance payment is included in the county’s …

California Rain Shatters Records; More Coming

A storm walloped parts of California with up to 7 inchesof rain and spawned minor flooding, mudslides and road closures Dec. 20, but forecasters warn the bad weather’s real impact may be yet to come. More than 3 additional inches …

Washington Hearing Possible on Calif. Gas Pipe Explosion

Federal investigators may subpoena witnesses to testify in Washington about the deadly Pacific Gas & Electric Co. natural gas pipeline explosion in San Bruno, Calif. National Transportation Safety Board member Mark Rosekind said board members voted during the weekend whether …