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July, 26, 2016

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Business > Americas
The U.S. government, in a first, is preparing to approve a private commercial space mission beyond the Earth's orbit, the Wall Street Journal has reported.
 
Two state-of-the-art airport towers due to go into operation this fall in San Francisco and Las Vegas will first need extensive remodeling to make room for technology that dates backs to the early days of air traffic control, according to union officials.
 
Madonna on Thursday triumphed in a copyright case concerning her song "Vogue," in a victory for artists seeking to use samples.
 
A U.S. hedge fund took legal action Thursday to force the government of Peru to pay off US$1.6 billion worth of defaulted bonds issued by the country's former military regime.
 
Brazil's GDP shrinks 0.3% in Q1, a slight improvement over forecasts
Brazil's economy shrank 0.3 percent in the first quarter of 2016, officials said Wednesday, in a slightly better than expected performance, but far from lifting the deep gloom over Latin America's economic powerhouse.
 
U.S. car buyers are tapping the brakes. Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoData Corp. It was the biggest monthly drop in nearly six years. The decline was unusual for May, a month when Americans typically buy cars ahead of summer road trips.
 
Fresh problems for "Obamacare": The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearly 60 percent, a new sign that President Barack Obama's overhaul hasn't solved the problem of price spikes.
 
The U.S. Federal Reserve said Wednesday that the U.S. economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors.
 
U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon.
 
U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven't thwarted sales.
 
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