Wednesday, July 1, 2015
Crushed by liabilities it now cannot repay, Puerto Rico is seeking to reschedule its US$73 billion debt, the U.S. commonwealth's governor said Monday.
Salaried workers who earn nearly US$1,000 per week would become eligible for overtime pay under a proposal U.S. President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve.
The U.S. Supreme Court on Monday rejected a request from British energy giant BP and its U.S. partner Anadarko to appeal massive compensation payouts stemming from the 2010 Gulf of Mexico oil spill.
Monday, June 29, 2015
Imagine staring deep into the foam of your favorite espresso drink and seeing a face looking back at you. Or how about using the charge in your fingers to clean your teeth?
The uneasy labor peace which helped the U.S. auto industry survive a financial collapse will soon be tested as the Detroit Three prepare for contract talks with the United Auto Workers.
Saturday, June 27, 2015
The latest models of Google's self-driving cars are now cruising the streets near the Internet company's Silicon Valley headquarters as an ambitious project to transform the way people get around shifts into its next phase.
The Consumer Financial Protection Bureau released thousands of complaints Thursday from disgruntled customers of banks, credit card companies and other providers of financial services.
A plan to reduce the amount of renewable fuels required in the U.S. gasoline supply drew heated condemnation of the petroleum industry Thursday from two governors who said health of the ethanol industry is vital to their states' economy.
Friday, June 26, 2015
After weeks of legislative clashes Congress handed U.S. President Barack Obama a major policy victory Wednesday, giving him authority to rapidly conclude a Pacific trade accord vehemently opposed by many in his party.
U.S. consumer spending surged in May with the biggest monthly increase in nearly six years -- a sign of stronger economic growth ahead.