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Ex-Oklahoma insurance exec to head La. Citizens Insurance

May 28, 2016 • BusinessComments (0)

BATON ROUGE, La. (AP) — A former Oklahoma insurance executive has been chosen to head the Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. Richard Newberry has been named the new chief executive officer. The Advocate reports (http://bit.ly/24dkMdK ) state Insurance Commissioner Jim Donelon says...

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French fuel shortages improve as hints of compromise emerge

May 28, 2016 • BusinessComments (0)

CGT unions leaders, wearing red jacket, try to convince non striking workers, holding a sign reading “non-striker”, to participate in upcoming strike activity, at the Notre-Dame-de-Gravenchon refinery, western France, Wednesday, May 25, 2016....

Chinese detergent maker sorry for harm done by racist ad

May 28, 2016 • BusinessComments (0)

BEIJING (AP) — A Chinese detergent maker has apologized to black people hurt by the spread of an ad in which a black man “washed” by its product was transformed into a fair-skinned Asian man. Shanghai Leishang Cosmetics Ltd. Co. has halted the...

Now Gawker has its own billionaire backer, sort of

May 27, 2016 • BusinessComments (0)

In this May 21, 1999 file photo, eBay chief executive officer Meg Whitman, left, and Pierre Omidyar, eBay’s chairman of the board, leaf through a magazine at the company’s headquarters in San Jose, Calif. The courtroom fight between former pro...

Alibaba won and lost a friend in Washington; how it happened

May 27, 2016 • BusinessComments (0)

In this file photo taken Nov. 18, 2015, President Barack Obama, right, and Alibaba founder Jack Ma, left, stand together during a discussion at the CEO Summit, attended by 800 business leaders from around the region representing U.S. and Asia-Pacific...

Chinese developer Wanda opens theme park to take on Disney

May 27, 2016 • BusinessComments (0)

NANCHANG, China (AP) — China’s largest private property developer, the Wanda Group, has opened an entertainment complex it’s positioning as competition for Disney and its $5.5 billion Shanghai theme park opening next month. Wanda executives...

GM recalls 2.2 million cars in China

May 26, 2016 • BusinessComments (0)

BEIJING (AP) — General Motors Co.’s main Chinese joint venture is recalling 2.2 million cars to deal with insufficient corrosion resistance on crankcase valves. The country’s product quality regulator says the recall was ordered after...

Hawaiian Airlines: Expect longer security waits this weekend

May 26, 2016 • BusinessComments (0)

Travelers wait in security checkpoint lines at Honolulu International Airport on Thursday, May 26, 2016, in Honolulu. Hawaiian Airlines says passengers should expect longer wait times than usual over the busy Memorial Day weekend because the Transportation...

Asian stocks mostly higher ahead of Yellen talk, US data

May 26, 2016 • BusinessComments (0)

Money traders monitor computer screens with the day’s exchange rate between yen and the U.S. dollar, top right, and Nikkei stock index, bottom, at a foreign exchange brokerage in Tokyo, Thursday, April 28, 2016. Japanese stocks rallied Thursday as the...

Phones fuel great growth potential for US Internet gambling

May 25, 2016 • BusinessComments (0)

In this April 15, 2015, file photo, an employee at Resorts Casino Hotel tries a touch-screen tablet device in the Atlantic City, N.J. casino’s new Internet gambling lounge. Internet gambling has tremendous growth potential in the United States as...