Saturday, June 27, 2015
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.
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."