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December, 5, 2016

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Business > Americas
Americans are expected to spend at a faster clip than last year for the critical holiday season, helped by an economy that should only continue to pick up, according to the nation's largest retail industry trade group.
 
Detroit resident Ron Shelton knows it's a gamble to sink his scant finances that include earnings from carpentry work into a small apple orchard and cider mill in a neighborhood with vacant land and aging homes.
 
A growing consumer demand for Alaska cruises has put the state back in the million-passenger club as it rebounds after a leaner stretch. And next year is expected to be even better with larger capacity ships added to the Far North lineup.
 
Redstone push is on to reunite CBS and Viacom
Media mogul Sumner Redstone is pushing for a reunion between CBS and Viacom, more than a decade after they went their separate ways.
 
The dollar rose Friday as Deutsche Bank's woes sparked buying of safer currencies while a U.S. economy upgrade boosted expectations for a rate hike.
 
Union launches boycott of Trump companies amid Vegas dispute
Union members are calling on the public to boycott Republican presidential nominee Donald Trump's businesses nationwide because he isn't negotiating a contract with the more than 500 eligible workers at his high-rise Las Vegas hotel.
 
The Swiss private banking giant UBS has agreed to pay $15 million to settle US allegations of selling risky derivative investments to thousands of unsophisticated investors, US market regulators said Wednesday.
 
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.
 
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