Commercial flights between the US and Cuba could resume as early as this fall

Business / Business News /

WASHINGTON -- The Obama administration will allow U.S. air carriers to start regular scheduled commercial flights to and from Cuba as early as this fall for the first time in more than 50 years, U.S. officials said Friday.

Air travel could resume with up to 20 daily scheduled round-trip flights to Havana, and 10 flights to nine other airports ...Read more

Employers on alert as Zika threatens workers and customers in the Americas

Business / Business News /

MIAMI -- As carnival revelers from Haiti to Brazil packed the streets for pre-Lenten extravaganzas this week, raising fears about the transmission of the Zika virus, A&E Networks Latin America decided to put off employee travel in the Americas.

"Travel is part of our lives and it's the way we become part of our viewers' lives, but we just have ...Read more

Delta pays out record profit sharing

Business / Business News /

ATLANTA -- Atlanta-based Delta Air Lines on Friday paid out $1.5 billion in profit sharing to employees, including $541 million to its 33,000 employees in Atlanta.

It's the largest employee profit sharing payment in U.S. history, according to Delta CEO Richard Anderson and incoming CEO Ed Bastian in a memo to employees. The payouts amount to 21...Read more

Latin American oil struggles could be good news for Washington

Business / Business News /

WASHINGTON -- Dropping oil prices have undermined Latin America's economic boom, and that may be a good thing for U.S. diplomats.

It may seem something of a paradox that while the region has suffered from dropping demand for commodities in China, the economic challenge also is forcing some Latin America leaders -- particularly those on the left...Read more

Tattoo parlor alongside groceries? Whole Foods floats ideas for its new 365 stores

Business / Business News /

LOS ANGELES -- Will Whole Foods shoppers want to get a tattoo to go after picking up a head of their favorite organic lettuce? The company hopes the concept would at least pique their interest.

As the Austin, Texas-based grocery chain prepares to launch its new, smaller-format 365 by Whole Foods Market stores, the company is floating some ideas...Read more

Visa Inc. stake disclosed in mobile-payments company Square

Business / Business News /

LOS ANGELES -- Visa Inc. took a significant stake in mobile-payments company Square Inc. prior to its initial public offering, according to a regulatory filing Thursday with the Securities and Exchange Commission.

The global credit card and financial services firm acquired some 4.19 million Class B shares in 2011 that do not publicly trade. It ...Read more

Shoppers buy more than expected in January, sending retail sales up 0.2 percent

Business / Business News /

Consumers indulged in more retail sales than expected in January, a positive sign for retailers after a disappointing holiday season.

Last month's sales climbed 0.2 percent to $449.9 billion from December, the Commerce Department said Friday. Wall Street analysts had predicted an increase of 0.1 percent.

Retail sales rose even higher, up 0.4 ...Read more

Kroger announces pharmacies to dispense Naloxone without prescription

Business / Business News /

CINCINNATI -- The Kroger Co.'s Cincinnati-Dayton Division announced Friday that it will make opioid overdose reversal medicine Naloxone available without a prescription at its 84 pharmacies in Ohio and 16 pharmacies in Northern Kentucky starting Monday.

The announcement also covers 112 pharmacies in Kroger's Columbus division, one pharmacy in ...Read more

Cold-Eeze CEO speaks about firm's new male sex drive pill

Business / Business News /

PHILADELPHIA -- Don't bother trying to tease Theodore Karkus, the chief executive of ProPhase Labs Inc., about his Philadelphia-area company's new product, a male enhancement dietary supplement, Legendz XL.

"The first thing I said in our product strategy meetings is, 'Anybody that is squeamish about talking about this product can leave the room...Read more

Auto review: 2016 Nissan Maxima straddles sedan side of sport, sophistication

Business / Business News /

The redesigned Nissan Maxima is like a new shoe. It looks sharp but feels better, and the more you wear it, the better it feels.

The Maxima is footwear that is both athletic and sophisticated, functional and stylish. You can schlep the kids in it, take it out for anniversary date night on the town, challenge its performance capabilities on the ...Read more

Auto review: Jaguar XF no longer just a fair-weather friend

Business / Business News /

Here's something you don't normally hear: "Hey, honey, it's snowing. Let's take the Jaguar."

Certainly, a couple years ago, it would have been imprudent. While Jaguars have prodigious grip under most circumstances, their rear-wheel drive configuration is less than perfect in wintry Northern climes. After all, when the weather turns bleak, one ...Read more

Under the Hood: OK to buy new tires at Costco?

Business / Business News /

Q: Our 2012 Lexus ES 350 has 35,000 miles on the odometer. At 25,000 miles, the dealership told me the tires needed to be replaced, but I declined. During the 30,000-mile service, done at a different dealership, the service adviser told me to replace the tires at the next service. To my eyes, the tires look fine, but ever since the weather ...Read more

Experts warn against long-term auto loan trend

Business / Business News /

After a year of record new-vehicle sales, automakers, dealers, and the banks and finance companies that issue car loans are jubilantly exchanging high-fives.

Analysts list several reasons for record sales of 17.5 million vehicles in 2015, including an improving economy and job market, low interest rates, cheap gas and growth in leasing.

New-...Read more

Motoring Q&A: Used car isn't living up to mileage expectations

Business / Business News /

Q: My wife and I recently purchased a 2007 Honda Fit with 103,000 miles on it. Unfortunately, the car gets crappy gas mileage: 22 miles per gallon in mostly city driving, 30 on the highway in warmer weather. The car appears to be in good overall condition, starts easily and runs smoothly. I've replaced the air filter and the spark plugs; neither...Read more

Auto review: 2016 Prius Four is a smarter, sleeker version of Toyota's aging hybrid

Business / Business News /

Back in the dark days of automotive history, fuel was cheap and plentiful and Detroit dinosaurs ruled the Earth.

Then the Prius came along, offering the first practical hybrid solution, and became the bestselling car in California.

Almost a decade later, fuel is cheap and plentiful again, and a changed world awaits the latest iteration of the ...Read more

The Week Ahead: Return to China

Business / Business News /

The more than 10 percent drop in the Standard & Poor's 500 index this year has been partially attributed to troubles China. For the past week, the market news out of China has been quiet. Not so in the week ahead.

After a weeklong Lunar New Year holiday that closed the Chinese stock market, it reopens confronting a deteriorating global appetite...Read more

Jarden set to report 4 percent sales increase

Business / Business News /

FORT LAUDERDALE, Fla. -- Jarden Corp., the Boca Raton consumer products company that has agreed to merge with Newell Rubbermaid, reported preliminary 2015 net sales of about $8.6 billion, a 4 percent increase over the $8.3 billion reported in 2014.

Jarden said it would report final sales and earnings for the year at the end of February.

The ...Read more

Global stock index enters bear market territory

Business / Business News /

The world is in a bear market, or a plunge in stocks of 20 percent.

In the U.S., the Dow Jones industrial average and the Standard & Poor's 500 index defy the typical bear definition, since the large companies within those indexes have fallen only about 14 percent from their highs hit in 2015.

The pure definition of a bear market is a decline ...Read more

Is the office losing its allure for finding love?

Business / Business News /

As swiping left or right becomes a dating norm, is there still an appetite for a good roll in the supply closet?

Half of business professionals say they have participated in a workplace romance, says Vault's 2016 office romance survey, down from 59 percent five years ago but an indication that the office remains a popular meet market.

...Read more

Yellen: Always some chance of a recession, but 'expansions don't die of old age'

Business / Business News /

WASHINGTON -- Federal Reserve Chair Janet Yellen told lawmakers Thursday that the central bank was studying the possibility of setting negative interest rates to boost the economy if needed, but she reiterated that the U.S. does not appear to be nearing a recession.

"There is always some chance of a recession in any year, but the evidence ...Read more