Business

Business

As federal shutdown looms, GOP struggles to show that it govern

(c) 2018, The Washington Post. WASHINGTON - The federal government late Thursday faced increasing odds of a partial shutdown, the culmination of a long period of budget warfare that has now imperiled what most lawmakers agree is the most basic task of governance. The immediate challenge Thursday...


Business

Drone rescue off Australian beach heralded as world-first

Australia Drone Rescue

CANBERRA, Australia (AP) — A flying drone has dropped a flotation device to two teens caught in a riptide in heavy seas off the Australian coast in what officials describe as a world-first rescue. Monty Greenslade and Gabe Vidler got into trouble on Thursday at Lennox Head, 750 kilometers (470...


Business

Trump administration is said to be losing patience on NAFTA

(c) 2018, Bloomberg. The U.S. is running out of patience with Canadian and Mexican resistance to key American proposals ahead of talks next week on a new NAFTA, two people familiar with the matter said. The U.S. is serious about its threat to withdraw from the North American Free Trade Agreement if...


Business

Speculation grows that OPEC will end cuts early as prices rise

(c) 2018, Bloomberg. As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year. As the producer group gears up for a meeting with its partners to review strategy in Muscat, Oman, this...


Business

Review: Addicted to your smartphone? Now there's an app for that.

(c) 2018, The Washington Post. Did you text? Sorry, I can’t see messages right now. Arianna Huffington locked my phone. The media tycoon turned wellness entrepreneur wants to keep you out of your phone, too, with a new app called Thrive. Its goal is to make it cool for a generation hooked on...


Business

Amazon hikes monthly Prime membership prices by 18 percent to $12.99

(c) 2018, Bloomberg. Amazon.com is looking to squeeze more money out of monthly subscribers to its free two-day shipping service, which could persuade many of them to sign up for annual subscriptions. Monthly subscribers to Amazon Prime now have to pay $12.99 each month, an 18 percent jump,...


Business

The case for an M&A binge as companies blow through tax windfall

(c) 2018, Bloomberg. Buybacks are nice but the real winner in corporate America’s tax windfall will probably be takeovers, Bank of America says. Unlike the 2004 repatriation holiday when 80 percent of proceeds were used to repurchase stocks, this year will probably see considerably less sent to...


Business

U.S. refiners are riding high with strong margins, tax boost

(c) 2018, Bloomberg. U.S. refiners are off to a strong start in 2018, even as competitors elsewhere are hitting harder times. Independent refiners are poised to cash in on President Donald Trump’s U.S. tax reform. Oil market fundamentals are also looking bright. Gulf Coast refiners ran at record-...


Business

Mnangagwa plans Zimbabwe's economic and democratic revival

(c) 2018, Bloomberg. Zimbabwe’s new president, Emmerson Mnangagwa, has a plan to revive one of the world’s worst-performing economies and end its isolation: pay compensation to white farmers whose land was confiscated, sell bonds to rebuild infrastructure and hold internationally acceptable...


Business

Kushner's Deutsche Bank-backed property stung by tenant woes

(c) 2018, Bloomberg. In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn’t begun on celebrity chef Todd English’s food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December,...


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