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September, 1, 2016

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Business > Americas
U.S. consumer spending was virtually unchanged in July after rising in June, suggesting a key driver of the world's largest economy had reached a plateau by midsummer.
 
Difficult negotiations between Detroit's Big Three automakers and employees in Canada have opened with the workers' union taking a hard line over warnings the country's auto industry is under serious threat.
 
US registers US$113 bil. budget deficit in July
The U.S. federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10 percent higher than a year ago.
 
In Mexico, high avocado prices are fueling deforestation of pine forests
Americans' love for avocados and rising prices for the highly exportable fruit are fueling the deforestation of central Mexico's pine forests as farmers rapidly expand their orchards to feed demand.
 
A federal jury found California's largest utility guilty on Tuesday of violating pipeline safety regulations before a deadly natural gas pipeline explosion in the San Francisco Bay Area and then misleading investigators about how it was identifying high-risk pipelines.
 
It's summer time and the living is ... not so easy for some.
 
Anti-globalization activists will gather in Montreal Tuesday for the first World Social Forum (WSF) to be held in the northern hemisphere, hoping the location will provide fresh impetus for the movement.
 
U.S. stocks jumped to record highs Friday after a strong jobs report for the month of July gave investors more confidence that the economy is still growing. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year.
 
U.S. employers added a healthy 255,000 jobs in July, a sign of confidence amid sluggish economic growth that points to a resilient economy.
 
The U.S. government is expected to issue another solid jobs report Friday -- and if it does, it would ease concerns that the economy is struggling.
 
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