Economy

American Airlines canceled more than four dozen flights in and out of Phoenix Monday due to operational concerns over extremely high temperatures in the desert city. Hainan Airlines launched the first two nonstop flights from Las Vegas to Beijing in late 2016 but announced in May it was changing the departure times out of McCarran in the summer from late afternoon to early morning due to the heat.
  • Official urges limited Fed role in addressing US inequality

    Official urges limited Fed role in addressing US inequality

    Economy

    The divide could threaten the consensus that Ms. Yellen has cultivated in her time at the helm. Cleveland Fed President Loretta Mester did not comment on interest rates or USA economic prospects in her prepared remarks. He has argued that the Fed should not raise rates any more until it is clear the economy has shifted to a higher growth, higher inflation "regime".
  • Trump labors to make Mueller-Comey tie a key talking point

    Economy

    Former prosecutors said the tweets could be of interest to Special Counsel Robert Mueller , who is said to be examining whether Trump attempted to obstruct Comey and the FBI's investigation in his wide-ranging probe. Not to mention, Comey was directing the examination until the point that Trump terminated him out of disappointment with the inquiry. "I mean the whole thing is ridiculous, if you want to know the truth".
  • Sarno: 3rd CT casino will be "glorified slots parlor"

    Economy

    The 2nd U.S. Circuit Court of Appeals in Manhattan yesterday ruled that a lower court judge was correct in tossing MGM's suit against the Nutmeg State a year ago. The tribes' proposed facility would be located off Interstate 91 in East Windsor, just minutest from the MA state line. MMCT had taken a long time to decide on the location of the third casino as there were as many as 5 locations who were interested in playing host to the casino.
  • Glencore Increases Fully Funded Offer for Coal & Allied

    Glencore Increases Fully Funded Offer for Coal & Allied

    Economy

    Rio plans to review Glencore's updated bid and provide an update before the shareholder meeting on Tuesday. With the added terms, "that clearly makes it a lot more hard for Rio to turn down". The prize for Glencore is a potential $US1 billion of synergies through combining mine output and product marketing, RBC Capital Markets analysts including Paul Hissey wrote in a note dated June 20.
  • Officials say over 120 buried in China landslide

    Economy

    Rescue crews are scrambling Saturday to save villagers trapped under rubble after heavy rain triggered a landslide at the village of Xinmo, located in Maoxian County in Sichuan province. Provincial authorities have issued the highest level of disaster relief response, while Chinese President Xi Jinping has ordered an all-out rescue effort and aid for all those affected.
  • North Korea rebuttal: Otto Warmbier's death 'a mystery'

    Economy

    North Korea said Friday that the death of American tourist Otto Warmbier was a mystery, denying that he was tortured and casting itself as the " biggest victim " of the affair. This can indeed lead to a comatose state if left untreated, which makes this case even more hard to investigate although Otto's family and doctors aren't buying it.
  • Homeowner held escaped inmates at gunpoint

    Economy

    Miller says something alerted the homeowner that people were outside his home and he saw the men trying to steal his vehicle. Authorities in Rutherford County captured two Georgia fugitives accused of double homicide after they tied up a couple and led police on a chase that closed Interstate 24 Thursday.