By Nick Brown NEW YORK Del (Reuters) - A U.S. bankruptcy judge said he will confirm Genco Shipping & Trading’s plan to exit bankruptcy under the control of its senior creditors, rejecting arguments by shareholders that the proposal undervalues the dry bulk shipper’s assets. At a hearing on Wednesday in U.S. Bankruptcy Court in Manhattan, Judge Sean Lane said he agreed with the company's estimate that its going concern value was less than $1.5 billion. A committee of shareholders had argued the value could be as high as $1.91 billion, calling Genco’s restructuring a ploy to hand over control to creditors and management. Under the plan, existing shareholders would receive just $30 million in warrants.
PHILADELPHIA (AP) — A "significant" propane tank leak on a food truck created a vapor cloud that was ignited by cooking grills, causing a fiery explosion that critically injured five people, police said Wednesday.
Chris McDaniel, who lost Mississippi's Republican U.S. Senate primary last week, on Wednesday blamed his defeat on illegal voting by Democrats and asked supporters for money to mount a legal challenge to the runoff election results. McDaniel, a state senator backed by the Tea Party, said in an email to supporters that his loss to U.S. Senator Thad Cochran last week was caused by a large number of ineligible Democrats who voted for the six-term incumbent Cochran. "Thanks to illegal voting from liberal Democrats, my opponent stole last week’s runoff election, but I’m not going down without a fight," McDaniel said in the fundraising email one day after his supporters filed suit to gain access to voter records. Many of Mississippi's Democrats are black.
POINT PLEASANT BEACH, N.J. (AP) — A man high on opiates fell asleep on a motel couch while smoking a cigarette, touching off the March fire that killed him and three others, authorities said Wednesday.
FAIRBANKS, Alaska (AP) — An Alaska man faces felony charges after authorities say he launched his sports car into the side of a three-quarter-ton pickup truck during a fit of road rage in Fairbanks.
LAS VEGAS (AP) — A North Las Vegas man who gained media attention when his wife gave birth to quintuplets last fall is scheduled for a February trial in an alleged real estate scheme.
BRIDGEPORT, Connecticut (AP) — A federal judge has declined to release from prison a former defense contractor engineer charged with trying to ship sensitive military documents to Iran, agreeing with prosecutors that he's a flight risk.
U.S. airline passengers who travel with their pets will have access to more information about a carrier's animal-safety record under regulations announced on Wednesday by the U.S. Transportation Department. The rules, which go into effect on Jan. 1, will for the first time include commercial shipments of dogs and cats, such as those by breeders, not just those by pet owners. Animal rights groups had wanted more animals than just dogs and cats to be covered by the reporting requirements for commercial shipments, but the department said it would be "unduly burdensome" to require airlines to report the death, loss and injury of all species that are transported. Currently, airlines must file monthly reports and they don't include the total number of animals transported.
WASHINGTON (Reuters) - The United States will increase security measures at overseas airports that have direct flights to the United States, the Department of Homeland Security said on Wednesday. The department did not specify which airports or what countries would be affected, nor did it say what triggered the enhanced measures. "We are sharing recent and relevant information with our foreign allies and are consulting the aviation industry," DHS Secretary Jeh Johnson said in a statement. U.S. ...
CHARLESTON, S.C. (AP) — As one of the year's busiest travel weekends approaches, so does another visitor: Tropical Storm Arthur, expected to grow into a hurricane by the Fourth of July and hit most harshly at North Carolina's Outer Banks, a popular getaway spot of thin barrier islands along the shore.
(Reuters) - A Southern California couple have been arrested for child endangerment over accusations they kept their 11-year-old severely autistic son in a metal cage, police said on Wednesday. Lieutenant Bob Dunn, a spokesman for the Anaheim Police Department, said early indications were that the family might have been having difficulty coping with the boy. The parents, identified by police as Loi Vu, 40, and Tracy Le, 35, were booked on felony charges of child endangerment and false imprisonment, while the boy and two other siblings were in the custody of child protective services.
SALT LAKE CITY (AP) — The University of Utah has tweaked its official fight song, offering an alternate choice for its signature line while replacing others altogether amid concerns the former version was sexist.
VANDENBERG AIR FORCE BASE, Calif. (AP) — A rocket carrying a NASA satellite lit up the pre-dawn skies Wednesday on a mission to track atmospheric carbon dioxide, the chief culprit behind global warming.
WASHINGTON (AP) — The Obama administration is condemning the killing of a Palestinian teenager as a "despicable act" and is calling on the perpetrators to be brought to justice.
(Reuters) - A cigarette smoker high on opiates caused a New Jersey motel fire that killed four people in March, authorities said on Wednesday. John Alberti, 45, can be seen on security video at the Mariner's Cove Motel in Point Pleasant Beach smoking in a public lounge where the fire started, the Ocean County, New Jersey, prosecutor's office said in a statement.
By Madeleine Thomas SAN FRANCISCO (Reuters) - A San Francisco man who disappeared over the weekend while diving for abalone with a group of friends off the Northern California coast has been found dead in a sea cave, officials said on Wednesday. Feng Chang Wei, 44, was in the ocean on Sunday with four friends off Mendocino County when strong currents and rough conditions started to pull the group into a cave situated along a bluff, according to the Mendocino County Sheriff’s office. “Several of the men clung to the rocks trying to avoid being pulled into the cave,” Sergeant Dustin Lorenzo said in a statement. “At one point Feng Wei was struck by a wave and pushed into the cave where he became distressed.
YOUNGSTOWN, Ohio (AP) — An 18-year-old Ohio man is charged with aggravated murder and kidnapping in the stabbing death of a teenage girl whose body was found at a Pennsylvania landfill.
Philadelphia police now say a total of 13 people were injured in an explosion inside a food truck in the Feltonville section, with five people still in critical condition.
(Reuters) - A violation found during an inspection of an emergency preparedness exercise at the Wolf Creek Nuclear plant near Burlington, Kansas last year was of low to moderate safety significance, the United States Nuclear Regulatory Commission (NRC) said on Wednesday. The NRC issued a "white" category at the plant for the violation, related to an error in software used to assess offsite radiation levels during an emergency. "The NRC evaluates regulatory performance at commercial nuclear plants with a color-coded process that classifies inspection findings as green, white, yellow or red in order of increasing safety significance," the agency said. The 1,175-megawatt plant is operated by the Wolf Creek Nuclear Operating Corp. (Reporting by Arpan Varghese in Bangalore;
State and federal authorities say an elderly man whose body was found in a wooded area in northeastern Pennsylvania had been killed inside his Montgomery County home.