Wednesday, June 24, 2015
Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose last month, a hopeful sign for manufacturing.
As an accounting executive at Gulfstream Aerospace, Marvin Jay Caukin was pulling in a quarter-million dollars a year and had a wife 30 years his junior. He was living a lavish lifestyle that included splitting time between two luxury Los Angeles-area homes, and paying for the company of female escorts, luxury cars and US$800 dinners, federal investigators say.
A group of U.S. senators says automotive air bag maker Takata Corp. may have placed profit over safety by halting safety audits of factories.
Nigeria's President Muhammadu Buhari on Monday slammed the state of the country's finances, claiming his predecessor had left Africa's biggest economy deep in debt and the treasury "virtually empty."
Home rental prices are climbing across much of the United States -- with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine.
The average consumer should catch a price break if major health insurers like Anthem and Cigna combine and cut their expenses.
Tuesday, June 23, 2015
They buy 10 Porsches a day and travel the world by private jet, toting their Louis Vuitton bags and leaving behind a faint scent of Chanel.
Northern Nevada has long been known as home to the freewheeling counterculture Burning Man festival in the starkly beautiful Black Rock Desert. In the past five years, Las Vegas, too, has evolved into a festival goers' mecca.
Saturday, June 20, 2015
The Nasdaq powered to a fresh record Thursday, easily topping the prior all-time high in a broad rally that withstood signs that a Greek debt default could be moving closer.
Friday, June 19, 2015
The number of people seeking unemployment benefits fell last week, evidence that layoffs remain at unusually low levels and the job market is moving closer to full health.