The rise of “Washington’s new authentic beach town” has prompted sneers because of the upscale market it goes after but has won praise for creating jobs and tourism.
At Société Générale’s annual meeting, several investors called for the resignation of the chairman, Daniel Bouton, and accused management of transforming the bank into a casino.
Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.
The company announced the resignation of Arun Sarin, who led Vodafone’s expansion into emerging markets like India, Turkey and the Czech Republic, as it posted a profit for the year.
JetBlue said that it would put off buying 21 new Airbus jetliners that it planned to receive starting next year for four to five years because of rising fuel costs.
The proposed closing of the plant is bringing into sharp relief a conflict between two objectives long held by environmental advocates: combating nuclear power and stopping global warming.
The deal frees Internet brokers and other real-estate agents offering heavily discounted commissions to operate on a level playing field with traditional brokers.
An ex-manager at the European engineering company testified on Monday that his role in an intricate system of slush funds and bribery at the company was an open secret.
The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.
Twenty-five million homes have at least one TV set that will go dark when the nation converts to digital television in nine months, and 10 million of those homes are “completely unready” for the switch.
A shareholder move supported by the Rockefeller family is prodding Exxon Mobil to shift its priorities and take the threat of global warming more seriously.
With oil at $130 a barrel, airline losses mounting, and most of the realistic revenue-raising ideas exhausted, all the airlines can do is to shrink the system and hope for the best.
European stock markets edged higher Monday and Asian markets fell amid worries about high oil prices and the U.S. economy on a day when American markets were closed for Memorial Day.
Companies in emerging markets are on the prowl for investment opportunities in third world telecom companies, a reflection of a new world order in that industry.
Mexico’s anthropology institute objects to imprinting one of Mexico’s treasures on soap opera star Irán Castillo’s body, deeming it a violation of the law.