Business

Puerto Rico to Default on More than $420 Million Debt

Puerto Rico to Default on More than $420 Million in Debts

Governor Alejandro García Padilla of Puerto Rico said Sunday that the island territory will not be making a payment of more than $420 million of its debts.  It is not the first such payment Puerto Rico has defaulted on, but it is the largest. The territory will likely default on additional payments …

Read More »

Alaska Air Close to $2 Billion Deal For Virgin America

Alaska Air Close to $2 Billion Deal For Virgin America

Alaska Air Group Inc. is nearing a deal to acquire Virgin America Inc. for more than $2 billion, having outbid JetBlue Airways Corp, a person familiar with the matter said on Saturday. A deal could be announced as early as Monday, the source told Reuters. Earlier, The Wall Street Journal said …

Read More »

Yahoo Shares Fake Trader Joe’s Story Before April Fools’ Day

Your social media feed or inbox may be blowing up with a rapidly spreading Yahoo story that Trader Joe’s will close all their stores by 2017. Thankfully for Trader Joe’s lovers, it’s an early April Fools’ Day joke. Sending the Internet into a near-panic, Yahoo shared an article titled, “Trader Joe’s …

Read More »

Exelon’s $6.8 Billion Takeover of Pepco Approved by D.C.

Exelon's $6.8 Billion Takeover of Pepco Approved by D.C.

Exelon Corp.’s proposed $6.8 billion takeover of Pepco Holdings Inc. was approved by Washington regulators, clearing the way for the companies to form the nation’s biggest utility almost two years after the deal was first announced. The District of Columbia’s Public Service Commission voted in favor of the deal at …

Read More »

Walmart Becomes Biggest Retailer To Pull Hover Boards Off Shelves

Walmart has recently pissed off a lot of rich white boys who are too good for the pavement by pulling the douche chariots of fire that are hover boards off their shelves. Other retailers that have pulled these hover boards (that are neither hovering nor are people bored of yet …

Read More »

Kurtas and Sherwani’s: A Look at South Asian Men’s Fashion

From what I have seen, kurtas are a very accessible fashion item. I usually save them for festive occasions while they definitely can be used for lounging around and as household attire. Kurtas literally are very conspicuous wear, as they are straightforward and simplistic but can be equally gaudy; I …

Read More »

New Book ‘Dark Money’ Claims Father of Politically Active Koch Brothers Helped Build Nazi Oil Refinery

New Book 'Dark Money' Claims Father of Politically Active Koch Brothers Helped Build Nazi Oil Refinery

A forthcoming book by New Yorker writer Jane Mayer says that the father of the politically influential Koch Brothers helped build a refinery in Germany in the 1930s that was important to the Nazi war effort. Mayer’s book, “Dark Money,” examines the role played by a handful of super-rich families in the …

Read More »

Canadian Dollar Closes Under 73 cents, Lowest Value in 11 years

Canadian Dollar Closes Under 73 cents, Lowest Value in 11 years

Maybe hold off on that trip to the U.S. a little bit longer. The Canadian dollar closed today at 72.70 cents U.S., its lowest value in 11 years. Falling oil prices and the fragility of Canada’s resource-based economy are being looked at as contributing factors, as the price of oil fell …

Read More »

16 International Soccer Officials Indicted

Sixteen international soccer officials have been indicted by the U.S. Department of Justice on multiple corruption charges. Attorney General Loretta Lynch revealed Thursday that the indictments include five current and/or former members of FIFA’s executive board. The Justice Department described in a release that the officials arrested were a part …

Read More »