Saturday, July 4, 2015
Kentucky's bourbon boom is showing no signs of peaking as distilleries keep up a production pace unmatched for decades. The state's bourbon inventory reached a 40-year high last year, with nearly 5.7 million barrels aging in warehouses, the Kentucky Distillers' Association said Thursday.
Friday, July 3, 2015
U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. The numbers reflect a job market moving close to full health and raise expectations that the Federal Reserve will start raising interest rates as early as September.
The U.S. Justice Department said Wednesday it is investigating some airlines over "possible unlawful coordination."
Thursday, July 2, 2015
Puerto Rico's financial future hung in limbo Tuesday as economists and officials warned that the U.S. territory could head down Greece's path if it is not allowed to declare bankruptcy as it struggles with US$72 billion in public debt.
Newer cars aren't supposed to need more oil between oil changes, but Consumer Reports found that some engines -- mainly from Audi, BMW and Subaru -- require an extra quart as often as once a month.
Wednesday, July 1, 2015
Crushed by liabilities it now cannot repay, Puerto Rico is seeking to reschedule its US$73 billion debt, the U.S. commonwealth's governor said Monday.
Salaried workers who earn nearly US$1,000 per week would become eligible for overtime pay under a proposal U.S. President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve.
The U.S. Supreme Court on Monday rejected a request from British energy giant BP and its U.S. partner Anadarko to appeal massive compensation payouts stemming from the 2010 Gulf of Mexico oil spill.
Monday, June 29, 2015
Imagine staring deep into the foam of your favorite espresso drink and seeing a face looking back at you. Or how about using the charge in your fingers to clean your teeth?
The uneasy labor peace which helped the U.S. auto industry survive a financial collapse will soon be tested as the Detroit Three prepare for contract talks with the United Auto Workers.