WASHINGTON — The Commerce Department imposed penalties Friday of up to 99 percent on imports of oil field pipe from China, the latest in a growing list of duties slapped on Chinese products found to be unfairly priced.
Based on the value of the imports involved — about $2.7 billion in 2008, though the figure fell to less than half that last year — it is one of the largest-ever "dumping" decisions against Chinese goods and adds to what has been a tit-for-tat trade battle between the two countries over tires, chickens, paper and other goods.
Al-Qaida seeking a nuke, U.S. charges
WASHINGTON — The White House on Friday warned that al-Qaida is quietly hunting for an atomic bomb, adding urgency to a historic summit next week where President Obama will try to persuade world leaders to step up efforts to keep nuclear weapons out of terrorist hands.
Expectations for decisive action by the 47 countries are low, because existing controls haven't worked as well as hoped and some nations worry tighter regulation will only slow civilian nuclear power projects.
Veteran thieves held in bank holdup plan
CHICAGO — Two men convicted of London's $3.6 million Marlborough diamond robbery three decades ago have been arrested on charges of conspiring to rob a suburban Chicago bank, federal officials announced Friday.
Joseph "Jerry" Scalise, 73 and Arthur Rachel, 71, were arrested Thursday night along with Robert Pullia, 69, after months of FBI surveillance showed they were planning to rob the First National Bank of LaGrange, according to an FBI affidavit filed in U.S. District Court.