Shunned from bond market, U.S. Virgin Islands faces cash crisis For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. Pipes underneath the emergency room collapsed in May, causing waste water to back up through the drains. Now workers and visitors – even patients […]
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Venezuelan oil supply to Phillips 66 falls amid quality issues Venezuelan oil supply to Phillips 66 falls amid quality issues:-Â Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled at […]
Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco Veiled marketing, Anti-smoking groups slam Indonesia’s Big Tobacco:- Anti-smoking groups in Indonesia have slammed Big Tobacco for promoting sales by giving retailers cash rewards, shopping vouchers and even money to renovate, urging authorities to enforce advertising curbs to safeguard public health. The […]
Buffett, Malone explore investment in Sprint: sources Buffett, Malone explore investment in Sprint: sources Warren Buffett’s Berkshire Hathaway Inc and John Malone’s Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said. Masayoshi Son, the […]
U.S. government crackdown threatens Kaspersky’s American dream Eugene Kaspersky, the CEO of the Russian cybersecurity software firm that bears his name, had a big American dream. He wanted his company to go beyond selling anti-virus software to consumers and small businesses and become a major vendor to the U.S. government […]
Trump International Hotels Management LLC said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties. The compromised information included payment card numbers and card security codes for some of the hotel chain’s reservations processed through service provider Sabre Corp’s central […]
Time Inc to cut 300 positions, or 4 percent of workforce Time Inc (TIME.N) said on Tuesday it is eliminating 300 positions, or 4 percent of its workforce, through layoffs and buyouts, according to an internal memo reviewed by Reuters. The cuts were being made as the New York-based media […]
U.S. federal government can pay bills through early September The U.S. federal government will have enough cash flow to pay its bills through at least early September despite the limit on more government borrowing, Treasury Secretary Steven Mnuchin said on Monday, while urging lawmakers to raise the debt limit soon. […]
North Korea launches 4 anti-ship missiles, fourth test in a month North Korea fired four anti-ship missiles into the sea east of the Korean Peninsula Thursday, which the South Korean military said was intended to demonstrate its "precise targeting capability." South Korea's joint chiefs said the projectiles, launched near the […]
Ford offering short-term consumer auto leases through Canvas Silicon Valley's latest mobility startup, a short-term vehicle leasing company called Canvas, is backed by old-school muscle: Ford Motor Credit Co, the dealer and consumer financing arm of U.S. automaker Ford Motor Co (F.N). From its San Francisco base, Canvas started offering […]
