gunman kills seven before he is shot dead
A northeast Ohio man went on a neighborhood shooting rampage, killing seven before being shot and killed in a gunfight with a police officer and a former officer, authorities said Sunday. Copley police said the man, who had not been identified, was in one house with several others Sunday morning when he shot his girlfriend, then ran to a neighboring home and shot her brother and four other people. Investigators said he then chased two bystanders through back yards, shooting one, before entering another house and shooting one person there. He was killed after he left the home. Police said seven of the man's victims died and one was taken to a hospital. None had been identified.
Officials vow to cut cost of living
Israel on Sunday formed a panel of government ministers and some of the country's leading economic experts to draw up a plan to reduce the soaring cost of living, marking a new effort to defuse demonstrations over prices that drew over a quarter-million people onto the streets the night before. The announcement comes after three weeks of mushrooming protests sparked by complaints over housing costs. Since then, the protests have gained new momentum as Israelis grow increasingly frustrated with their struggle to make ends meet despite economic growth in the country that is outpacing that of other developed nations.
Berkshire bids $3.25B for insurer
A unit of Warren Buffett's Berkshire Hathaway Inc. has bid $3.25 billion for insurer Transatlantic Holdings. Berkshire's National Indemnity Co. is offering $52 per share in cash for Transatlantic. That tops the price the company would get in its agreement to be bought by Allied World Assurance Co., which is based in Switzerland.
MIAMI: Former Tropical Storm Emily disintegrated into just storm remnants after dumping heavy rains in the Bahamas, the The National Hurricane Center said Sunday.