Business

  • NewsAssociated Press

    Takeaways from AP's story on the BP oil spill medical settlement's shortcomings

    When the BP Deepwater Horizon drilling rig exploded in 2010 and spewed many millions of gallons of oil into the Gulf of Mexico, the disastrous spill damaged the economy, devastated the environment and required thousands of regular people to help clean it up. Many of them got sick, but a settlement was supposed to help. BP agreed to pay workers who got ill after exposure to oil and a chemical dispersant used to break it up.

    5 min read
  • BusinessBloomberg

    US Yields Rise as Solid Data Keeps Lid on Fed Bets: Markets Wrap

    (Bloomberg) -- Treasury yields edged higher after solid economic data spurred bets the Federal Reserve will be in no rush to cut interest rates.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsAhead of the start of the Fed’s pre-meeting silent period, th

    4 min read
  • NewsBloomberg

    Dubai’s Record Rainfall Floods Homes, Halts Flights

    (Bloomberg) -- Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsThe United Arab Emirates expe

    3 min read
  • NewsBloomberg

    Dubai Grinds to Standstill as Flooding Hits City

    (Bloomberg) -- Torrential rains across the United Arab Emirates prompted flight cancellations, forced schools to shut and brought traffic to a standstill.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsThe floods came after one of the worst storms in de

    2 min read
  • Businessdpa international

    Latest Volkswagen patents hint at new model names

    Volkswagen has officially registered a slew of new model names which hint that SUV models in the pipeline may be badged as a Taroko, Tempus or Tukan. The new names were lodged with the German Patent and Trademark Office in Munich in a bid to ensure they are not used by other companies. Many of Volkswagen's current model names begin with a "T" such as T-Roc, Tiguan and Touareg and it looks like the Wolfsburg maker is keen to continue the tradition. Other name registered by VW in Munich include Th

    2 min read
  • NewsThe Tennessean

    Nashville's next 29-story tower starts construction at former Beaman dealership property

    A 458-unit mixed-use apartment tower is being developed by Albion Residential on a portion of the former Beaman Midtown car dealership site.

    2 min read
  • BusinessBloomberg

    Discover Financial Profit Dives 68% as Compliance Costs Bite

    (Bloomberg) -- Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to address compliance and risk-management deficiencies.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobste

    3 min read