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September, 30, 2016

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Business > Americas
Puerto Rico finds unexpected source of growth in agriculture
Puerto Ricans are buying rice produced on the island for the first time in nearly 30 years. They are also eating locally grown mushrooms, kale and even arugula, along with more traditional crops such as plantains and pineapples.
 
The U.S. Department of Labor has filed a lawsuit accusing a fast-growing Silicon Valley software company of systematically discriminating against Asian job applicants.
 
Will boom in loans at US retailers turn to bust?
They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers.
 
Bank of America will lay off 20 senior investment bankers in Asia due to slowing activity in the region, a person familiar with the matter said Monday.
 
From real estate, to high-tech firms to entertainment giants, Chinese investments in the United States, notably California, are moving at a dizzying pace and are on course to smash records again this year.
 
US grants Airbus, Boeing a chance to sell airplanes to Iran
The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year's nuclear accord.
 
The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see a bit more sign of strength in the U.S. economy.
 
Colonial Pipeline has restarted the gasoline pipeline in Alabama that was shut down after a major leak, which caused shortages and surging fuel prices across the South.
 
US pipeline that's causing shortages will soon reopen, carrying gasoline to 5 states
Gasoline should begin flowing again Wednesday -- through a temporary bypass on a critical pipeline -- after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday.
 
Peppered with questions, Wells Fargo chief executive seemed taken aback
Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. At a few points, he seemed flustered and stumbled a bit over his words. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam."
 
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