Business

Business

Spirit Airlines CEO to step down in 2019 in new succession plan

(c) 2017, Bloomberg. Spirit Airlines’ chief executive officer said he’ll stay in the job one more year before handing leadership of the deep discounter to its current finance chief, the company said Wednesday. Robert Fornaro, 64, who took over at the airline early last year following the ouster of...


Business

Europe says substantial deal unlikely at world trade talks

(c) 2017, Bloomberg. The European Union said it was unlikely any substantial deals would be reached at a World Trade Organization meeting in Buenos Aires, highlighting how multilateral trade relations are growing increasingly fraught. “Members cannot even agree to stop subsidizing illegal fishing,”...


National

One city forms team to target the most vulnerable homeless

APTOPIX Homeless Crisis on the Coast Toughest Cases

EVERETT, Wash. (AP) — This is the lesson that the working-class city of Everett has learned: It takes a community to rescue the hardcore homeless. It takes teams of outreach workers — building relationships with men and women struggling with addiction or untreated mental illness, prodding them to...


Business

Target to buy Shipt for $550 million in bet on same-day delivery

(c) 2017, Bloomberg. Target agreed to purchase grocery-delivery startup Shipt Inc. for $550 million, stepping up efforts to challenge Amazon.com in e-commerce orders. Target will use the all-cash acquisition to accelerate its rollout of same-day delivery across the country, the retailer said in a...


Business

AP sources: House, Senate leaders reach agreement in principle on sweeping tax package.

WASHINGTON (AP) — AP sources: House, Senate leaders reach agreement in principle on sweeping tax package.


Business

US stocks move higher ahead of expected Fed rate hike

APTOPIX Financial Markets Wall Street

U.S. stocks moved higher in morning trading Wednesday ahead of an expected interest rate hike from the Federal Reserve. Technology stocks accounted for much of the market’s gains. Health care companies also rose. Banks lagged the most. Energy stocks also fell as crude oil prices headed lower....


Business

Shadow lending growing as Canadians chase housing dream

(c) 2017, Bloomberg. Mortgage broker Samantha Brookes is trying to figure out how to get one of her clients out of a housing-fueled debt hole. The couple, a 59-year-old Toronto city worker and her husband, 58, have so much debt that they stopped making payments on the C$410,000 ($318,000) mortgage...


Business

T-Mobile agrees to buy Layer3 in preparation for TV service

(c) 2017, Bloomberg. T-Mobile US Inc. agreed to acquire closely held Layer3 TV Inc. as the wireless carrier prepares to enter the crowded field of online television service next year. With the purchase, T-Mobile joins its larger peers AT&T Inc. and Verizon Communications Inc. in a strategic shift...


Business

As Elon Musk's SpaceX eyes another historic first, Jeff Bezos' Blue Origin returns to

(c) 2017, The Washington Post. Jeffrey P. Bezos’ Blue Origin got a step closer to flying tourists to space Tuesday when it launched a life-size dummy the company named “Mannequin Skywalker” from its remote West Texas facility. The updated booster and crew capsule, which the company hopes to use to...


Business

OPEC boosts forecast for rival supply, sees balance in late 2018

(c) 2017, Bloomberg. OPEC predicted that global oil markets won’t rebalance until late next year after boosting forecasts for supplies from the U.S. and other rivals. The Organization of Petroleum Exporting Countries’ monthly report raised its outlook for non-OPEC supply in 2018 by 300,000 barrels...


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