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Romanian ex-president 'worked with communist secret police': courtFormer Romanian president Traian Basescu was found Friday by a court in Bucharest to have collaborated with the feared communist-era Securitate secret police. The Court of Appeal said it had found that "the defendant, Traian Basescu, was a collaborator of the Securitate" in a case based on documents dating back to his time as a student at the Marine Institute in the southeastern city of Constanta. Although the relevant background checks had found nothing comprising when he ran for public office, the present case was opened after new evidence was unearthed by the CNSAS, the body charged with studying Securitate archives.

9/20/2019 11:21:45 AM

A string of suspicious deaths: What we know about veterans who died at the Clarksburg VAAuthorities are investigating 10 suspicious deaths at a VA hospital in Clarksburg, West Virginia. Here's what we know about the veterans who died.

9/20/2019 11:20:08 AM

Tech Drags Stocks Lower as Oil Gains Amid Tensions: Markets Wrap(Bloomberg) -- Slumping tech stocks dragged down U.S. indexes as traders moved on from a busy week for central bank meetings to shift their focus back to the trade war and geopolitical tensions.The S&P 500 Index headed for its biggest drop in two weeks while the Nasdaq Composite slumped more than 1% as Netflix Inc. weighed on the tech-heavy gauge. Oil prices climbed amid still-elevated tensions in the Middle East as President Donald Trump stepped up sanctions on Iran.U.S. equity trading may be volatile because of a quarterly event known as “quadruple witching,” when options and futures on indexes and stocks expire. The moves bring some of the busiest trading days of the year.After a slew of monetary policy decisions this week, traders are now looking toward negotiations between the U.S. and China as trade deputies from both nations prepare to meet. On Wednesday, the Federal Reserve cut borrowing costs for a second time this year as major central banks around the world move to soften the blow of a protectionist spat that has created headwinds for global growth.“There’s a fair amount of risk to the outlook at this point, but the market seems to have a relatively rosy outlook,” said Michael Reynolds, investment strategy officer at Glenmede Trust. “Trade is one of those things that seems to be getting better although I feel like it goes through cycles.”Elsewhere, the Stoxx Europe 600 Index advanced. The pound fell as the Irish government damped hopes of an imminent breakthrough in Brexit negotiations.Asian stocks saw modest gains on reduced volumes, except in India, where equities soared after the country cut its corporate tax rate. Hong Kong shares slipped while the Shanghai Composite Index added just 0.2% after China’s modest cut to a reference rate for bank loans failed to impress investors.Here are the main moves in markets:StocksThe S&P 500 Index fell 0.5% as of 1:19 p.m. New York time.The Stoxx Europe 600 Index advanced 0.3%.The MSCI Asia Pacific Index climbed 0.4%.The MSCI Emerging Market Index climbed 0.5%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.1%.The euro fell 0.3% to $1.1007.The British pound decreased 0.3% to $1.2486.The Japanese yen gained 0.1% to 107.88 per dollar.BondsThe yield on 10-year Treasuries fell two basis points to 1.77%.Germany’s 10-year yield fell one basis point to -0.53%.Britain’s 10-year yield slipped one basis point to 0.63%.CommoditiesGold rose 0.3% to $1,503.51 an ounce.West Texas Intermediate crude gained 1.4% to $58.92 a barrel.\--With assistance from Adam Haigh, Todd White, Lu Wang and Constantine Courcoulas.To contact the reporters on this story: Vildana Hajric in New York at vhajric1@bloomberg.net;Brendan Walsh in Austin at bwalsh8@bloomberg.netTo contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, ;Jeremy Herron at jherron8@bloomberg.net, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

9/20/2019 11:19:44 AM

Auto union strike is latest worry in Flint, GM's birthplaceThe birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, crashed and retooled for changing markets. Now, the city of Flint is again steeling for economic impact amid a nationwide United Auto Workers' strike against the automaker. Workers seeking job security and a bigger share of GM's profits have been surrounding the company's massive complex in Flint for days, marching and toting signs and U.S. flags at entrances.

9/20/2019 11:24:06 AM

Three veterans died in three days at a VA hospital under the same suspicious circumstances. What happened?Federal officials are investigating 10 suspicious deaths at a VA hospital in West Virginia. Three happened in three days under the same circumstances.

9/20/2019 11:16:41 AM
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