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Puerto Rican utility's debt met

More bonds sold to avoid default

Subscriber onlyPuerto Rico's power company has been forced to sell bonds once again to obtain capital and avoid defaulting on a $415 million debt payment. Continue reading...

Low-paid workers see wages rise 3.2%

Subscriber onlyFrom the drive-thru clerk at McDonald's to the greeter at Wal-Mart, workers on the bottom rung of the workforce are getting raises, signaling a broadening of labor market gains that could give Federal Reserve Chairman Janet Yellen reason to raise interest rates this year. Continue reading...

Congestion pushes NYC to limit Uber

Subscriber onlySo many New Yorkers are signing up with Uber Technology that Mayor Bill de Blasio and City Council members blame the company and other ride-hailing services for clogging Manhattan's streets and air. Continue reading...

Ark-themed park deserves tax break, court told

Subscriber onlyLawyers for a Christian ministry building a Noah's ark theme park said Wednesday that Kentucky officials violated First Amendment religious protections when they denied the project a tax incentive worth millions. Continue reading...

Greek backtracking lifts market

Subscriber onlyHopes that a deal could be reached between Greece and its creditors pushed stocks higher Wednesday. Continue reading...

Kraft shareholders back sale to Heinz

Subscriber onlyKraft shareholders have approved the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion. Continue reading...

Business news in brief

Subscriber onlyState pork units part of $1.45B JBS sale JBS USA Pork has agreed to purchase Cargill's U.S.-based pork business for $1.45 billion, an acquisition that includes a feed mill and two hog farms in Arkansas. Continue reading...

Home prices in April climb 4.9%

Economist says steady gains more sustainable than ’13, ’14

Subscriber onlyWU.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco. Continue reading...

JetBlue introduces checked-baggage fees

Subscriber onlyJetBlue Airways Corp., in the first major makeover of its fare system, has ended a free checked-bag perk but is offering passengers more ticket choices. Continue reading...

Law thwarts Puerto Rico bankruptcy

Subscriber only Economists and officials warned Tuesday that Puerto Rico could head down Greece's path if the U.S. territory is not allowed to declare bankruptcy as it struggles with $72 billion in public debt. Continue reading...

Stocks rise despite Greek doubt

Subscriber onlyThe U.S. stock market stabilized Tuesday as investors followed the latest developments in Greece. Continue reading...

Business news in brief

Subscriber onlyButter-short Russia awash in margarine One effect of Russia's runaway inflation and international sanctions: Margarine production is expanding faster than anywhere else in the world. Continue reading...

4 big banks meeting mortgage-deal rules, federal monitor says

Subscriber onlyFour giant banks that signed a $26 billion settlement of investigations into abuses of troubled mortgage borrowers appear to be complying with best-practice standards imposed as part of the agreement, according to reports filed in federal court in Washington. Continue reading...

Report assails Puerto Rican economy

Subscriber onlyInternational economists released a critical report on Puerto Rico's economy Monday on the heels of the governor's warning that the island can't pay its $72 billion public debt. Continue reading...

Greek financial crisis sinks stocks

Dow loses 350.33 points, S&P dips 43.85, Nasdaq falls 122.04

Subscriber onlyFears that Greece's troubles could spread through the global financial system shook markets Monday, driving U.S. stocks to their worst day of the year. Continue reading...