LOS ANGELES - Meryl Streep on Saturday accused designer Karl Lagerfeld of spoiling her night at the Academy Awards ceremony by falsely accusing her of being paid to wear a gown on the Oscars red carpet.
DUBAI - Iran launched naval drills at the mouth of the Gulf and the Indian Ocean on Sunday, a naval commander said, as tensions with the United States escalated after U.S President Donald Trump put Tehran "on notice". Since taking office last month, Trump has pledged to get tough with Iran, warning the Islamic Republic after its ballistic missile test on Jan. 29 that it was playing with fire and all U.S. options were on the table.
WASHINGTON - The United States on Sunday condemned an attack on special monitoring missions in eastern Ukraine and called on Russia and the separatist forces it backs to immediately observe the ceasefire under the Minsk agreements. "We condemn Friday's targeting of OSCE special monitoring mission (SMM) monitors and the seizure of a SMM unmanned aerial vehicle by combined-Russian separatist forces," the State Department said in a statement.
NEW ORLEANS - A 25-year-old man accused of plowing a pickup truck into a crowd of spectators at a Mardi Gras parade in New Orleans was arrested and charged with injuring 28 people in a crash that brought chaos to the city's signature celebration, authorities said on Sunday. New Orleans police booked Neilson Rizzuto after taking him into custody in "a highly intoxicated state" immediately after the accident on Saturday evening, the department said.
WASHINGTON - President Donald Trump's first budget proposal will not seek cuts in Social Security, Medicare and other entitlement federal benefits programs, U.S. Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday. Mnuchin was asked on Fox News Channel's "Sunday Morning Futures" program whether the Trump administration needed cuts in those areas.
WASHINGTON - The White House on Sunday did not rule out that Attorney General Jeff Sessions may recuse himself from Justice Department investigations into Russian meddling in the 2016 presidential election. Sarah Huckabee Sanders, a deputy White House press secretary, said congressional investigations of Russian meddling in the 2016 presidential election would have to run their course before Sessions, who was a top campaign adviser to Trump, needed to decide whether to step aside from the FBI investigations.
LOS ANGELES—A third of U.S. adults are eating out less frequently than three months ago, mostly because of cost, according to a new Reuters/Ipsos survey that illustrates the challenge for U.S. restaurants seeking to revive traffic after zero growth in 2016. Penny-pinching diners and intense competition from supermarkets, meal kit sellers like Blue Apron and upstart grocers such as Amazon.com have been a growing problem for restaurants.
MILWAUKEE—A Wisconsin man was sentenced to 3½ years in prison Friday, Feb. 24, for cutting off a woman's pinky finger with a machete and trying to close the wound with a blow torch during a ceremony for a fellow fan of a hip hop band, media reported. In August, Jonathan Schrap, 25, and three other people held a "ritualistic memorial" at his home for a fellow fan of hip hop duo Insane Clown Posse who died in 2015, a local ABC affiliate reported, citing a criminal compliant filed by the state.
NEW YORK—Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc. shareholders, delivered a black eye to the investment industry on Saturday, Feb. 25, urging ordinary investors to buy plain-vanilla index funds. "When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients," Buffett said in his annual letter to shareholders. "Both large and small investors should stick with low-cost index funds," he added.
Battery failure in vehicles dogged U.S. drivers in the first three years of ownership, according to J.D. Power's 2017 dependability survey released on Wednesday, Jan. 22. The survey of 2014 models found that batteries were the most commonly replaced component in vehicles, with 44 percent more owners reporting a battery failure in this survey compared with the previous one. Audio, communication, entertainment, navigation (ACEN) was the most problematic category, accounting for 22 percent of all reported problems, according to the survey.