In suburban Miami, Kmart’s last ‘Blue Light Specials’ flicker
MIAMI, FLORIDA — The last Kmart on the U.S. mainland sits at the west end of a busy suburban Miami shopping center, quiet and largely ignored. All around it are thriving chain stores attracting steady streams of customers in sectors…
IMF raises concerns about effects of Sudan conflict on neighbors
WASHINGTON — The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF’s deputy director for Africa, Catherine Pattillo, told AFP. “What is going on there for the people in Sudan is just so heart…
Union’s rejection of Boeing offer threatens jobs at aerospace suppliers
Striking workers’ rejection of planemaker Boeing’s BA.N latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent Forge. If the strike by more than 33,000 U.S. Boeing workers persists another month, the Orange…
Iran’s aviation woes compounded by latest EU sanctions
Iranian photographer Tannaz was on her way to Tehran’s airport when European sanctions on flag carrier Iran Air forced her to return home, unable to make it to work in Paris. It was within hours of the European Union announcing…
Boeing reports $6 billion quarterly loss ahead of vote by union workers who have crippled production
EVERETT, Wash. — Boeing reported a loss of more than $6 billion in the third quarter and immediately turned its attention to union workers who will vote Wednesday whether to accept a company contract offer or continue their crippling strike,…
Ethiopia begins selling stakes in state-owned company
Ethiopia’s state-owned telecommunications company has started selling shares to the public, in a move aimed at establishing a new national stock market and giving Ethiopians a stake in the company, one of the country’s largest and most profitable. Ethio Telecom…
IMF’s economic view: A brighter outlook for US but still-tepid global growth
Washington — The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lackluster…
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Detroit — Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when it came time to replace her Chevrolet Blazer SUV, for which she’d paid about $40,000 three years ago, Chumley chose…
US exporters race to ship soybeans as looming election stokes tariff worries
Chicagp — U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China,…
Should minimum wage be lower for workers who get tipped? Two states are set to decide
Mel Nichols, a 37-year-old bartender in Phoenix, Arizona, takes home anywhere from $30 to $50 an hour with tips included. But the uncertainty of how much she’s going to make on a daily basis is a constant source of stress….