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U.S. consumer spending posts healthy gain in May

WASHINGTON — Americans went shopping this spring, increasing their spending in May for the second straight month and delivering good news for economic growth. Continue reading...

Starwood manages hotel in Cuba

U.S. hospitality giant runs lodging owned by military

Subscriber onlyAmerican hospitality giant Starwood began managing a hotel owned by the Cuban military on Tuesday, opening one of the biggest holes in the U.S. trade embargo on Cuba since Presidents Barack Obama and Raul Castro declared detente in Dec. 2014. Continue reading...

Oakland puts air above coal-port jobs

Subscriber onlyThe Oakland City Council voted unanimously Monday to kill a plan to use a proposed marine terminal to transport Utah coal to Asia, calling such shipments public health and safety hazards. Backers argued the project would bring needed jobs to an impoverished part of town. Continue reading...

1Q growth revised up to 1.1%; consumer confidence rosier

Subscriber only The U.S. economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in two years. Continue reading...

Stocks rally as Britain panic ebbs

Subscriber onlyU.S. stock indexes rose Tuesday for the first time since Britain's vote to leave the European Union as investors set aside their anxiety and snapped up shares after a two-day rout. Continue reading...

Business news in brief

Subscriber onlyAnalysis: U.K. exit to cost banks $35B DUBLIN -- European banks will suffer as much as $35 billion in losses through 2018 because of Britain's vote to leave the European Union, an 11 percent decline from what profits would have been without the economic shock, according to Goldman Sachs Group Inc. Continue reading...

2 card issuers to speed up retailers' chip

Subscriber onlyThe switch from magnetic strip credit and debit cards to chip-enabled cards was always going to be more marathon than sprint: Millions of new cards must be manufactured and distributed, and any business that accepts payments -- retailers, gas stations, doctors' offices and more -- must implement new hardware and software if they want to use this more secure technology. But the pace of the migration sped up this month when Visa and MasterCard separately announced moves to get stores up and running more quickly with chip technology. Continue reading...

Agency finds 266 gearshift accidents

Subscriber onlyA government investigation into confusing gearshifters like the one in the SUV that crushed and killed Star Trek actor Anton Yelchin found 266 crashes that injured 68 people. Continue reading...

In U.S. lawsuits, VW tab at $15B

Deal to be filed in emissions case

Subscriber onlyVolkswagen AG's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion -- $5 billion more than previously reported, sources said Monday. Continue reading...

Warm seas put heat on fishermen

Unfair climate-related catch limits sap livelihoods, some say

Subscriber onlySEABROOK, N.H. -- The cod isn't just a fish to David Goethel. It's his identity, his ticket to middle-class life, his link to a historic industry. Continue reading...

Report tries to estimate Uber drivers' earnings

For some, it’s below minimum wage

Subscriber onlyNearly two-thirds of Uber drivers use the ride-hailing service to collect additional income to supplement full- and part-time jobs. But in three large metropolitan cities, drivers make far less than the national average, about $20 per hour, after expenses. Continue reading...

Reselling swanky goods reaps profits

Subscriber onlyCARLSBAD, Calif. -- Tucked away in a nondescript office park, the luxury resale business Designer Vault recently opened a chic, chandeliered, appointment-only showroom to market what it claims to be the largest collection of vintage Chanel in the nation -- more than 1,500 handbags and accessories worth an estimated $2 million. Continue reading...

Chipotle starts loyalty program

Repeat diners rewarded in bid to undo safety-scare drop-off

Subscriber only To get more diners back in the door after food-safety scares dramatically drove down sales, Chipotle is starting a loyalty program that rewards repeat customers. Continue reading...

Viacom CEO pushes to fast-track trial

Lawyers urge case be expedited, say testimony of ailing Redstone, 93, crucial

Subscriber onlyLOS ANGELES -- Lawyers for Viacom Chief Executive Philippe Dauman on Monday pressed a Massachusetts court to fast-track a trial over his removal from the trust that will control the company. Continue reading...

At Hulu, ads given a role in shows

LOS ANGELES -- Car commercials are the kind of thing that Mindy Lahiri, the titular character on The Mindy Project, might impatiently fast-forward through or ignore while watching a bad reality-TV show. The Hulu comedy offered an alternative earlier this month for viewers of the latter mindset. Continue reading...

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