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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Harley-Davidson Confirms Plant Staying In York, PA

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MILWAUKEE (WRN) - Milwaukee’s Harley-Davidson has confirmed that it will keep its motorcycle assembly plant in York Pennsylvania. That’s after union workers there approved a new 7 year contract, even though about half the employees will lose their jobs. Harley CEO Keith Wandell said the new labor contract would allow the York plant to restructure itself in a way to keep the company competitive. Had the deal not been approved, Harley would have considered moving the entire production to a new plant in Kentucky. The York plant now has about 1,950 employees. Once it’s restructured, Harley says it will have 700 to 800 full-time union workers, and another 200 to 300 seasonal employees who will work when the demand increases – and to fill in for those on vacation and other leaves. Harley-Davidson says the streamlined plant will save about $100 million a year, once all the changes take effect by 2012.

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