Friday, June 26, 2015
Caribbean tourism officials are pushing for a partnership with the U.S. government because of concerns that warming relations between the U.S. and Cuba will result in a significant loss of visitors to the rest of the region.
Online home-rental service Airbnb says it is exploring a significant expansion of its operations in Cuba two months after it became the first major U.S. business to enter the island in decades.
Thursday, June 25, 2015
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated. More recent data show that the weakness was largely temporary, with a rebound in the works for the April-June quarter.
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.