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Northern Indiana audio equipment maker idling 125 workers

July 9, 2016 • BusinessComments (0)

ELKHART, Ind. (AP) — A northern Indiana company that makes audio-visual equipment is laying off more than 100 workers and moving their jobs to California and Mexico. Harman International says about 125 production and warehouse employees in Elkhart will be laid off in phases between now and June 2017. The Elkhart Truth reports those jobs [&hellip...

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Resort owner challenging room tax that promotes tourism

July 9, 2016 • BusinessComments (0)

INDIAN RIVER, Mich. (AP) — The owner of a string of cottages in northern Michigan is challenging a local room tax in a lawsuit that could have consequences for tourism promotion programs in other communities. Motels and resorts in the Indian River area in...

Sanders stalls in effort to oppose trade deal in platform

July 9, 2016 • BusinessComments (0)

In this June 24, 2016, file photo, Democratic presidential candidate Sen. Bernie Sanders, I-Vt. speaks in Albany, N.Y. Sanders failed in his quest to include opposition to the Trans-Pacific Partnership trade deal in a draft of the Democratic Party’s...

Pascagoula natural gas plant still closed after June 27 fire

July 8, 2016 • BusinessComments (0)

JACKSON, Miss. (AP) — A Mississippi natural gas processing plant rocked by explosions on June 27 remains offline. Rick Rainey, a spokesman for Houston-based Enterprise Products Partners LP, said Thursday that the operator can’t predict when the...

Raul Castro says Venezuela’s crisis hurting island economy

July 8, 2016 • BusinessComments (0)

Lawmakers attend a National Assembly session in Havana, Cuba, Friday, July 8, 2016. Cuba’s parliament has convened for one of its twice-annual plenary sessions amid warnings from government officials that the country faces energy restrictions during tough...

Uruguay wins dispute with tobacco giant Philip Morris

July 8, 2016 • BusinessComments (0)

MONTEVIDEO, Uruguay (AP) — Tobacco giant Philip Morris has lost an international dispute surrounding the sale of cigarettes in Uruguay and must continue to cover packs sold in the South American country with graphic warning labels and restrict its branding...

Oil prices skid as traders worry there’s a fuel glut

July 7, 2016 • BusinessComments (0)

NEW YORK (AP) — Oil prices fell nearly 5 percent on Thursday after a government report on fuel stocks reinforced worries about an oil glut. The report said that crude inventories are declining at a slower pace than expected. Stockpiles of oil and gasoline...

UN report: People around the world are eating more fish

July 7, 2016 • BusinessComments (0)

UNITED NATIONS (AP) — People around the world are eating more fish and global per capita fish consumption topped 20 kilograms (44 pounds) a year for the first time in 2014, according to preliminary estimates in a U.N. report released Thursday. The Food and...

Dems block Senate defense bill, fear domestic spending cuts

July 7, 2016 • BusinessComments (0)

In this Dec. 17, 2014 file photo, Sen. Mitch McConnell, R-Ky., talks about his agenda for a GOP-controlled Congress during an interview with The Associated Press, on Capitol Hill in Washington. McConnell faces a nearly impossible task this election year:...

Ex-executive at investment bank admits to $38M fraud scheme

July 6, 2016 • BusinessComments (0)

NEW YORK (AP) — An ex-executive at a New York investment bank has admitted to defrauding investors of more than $38 million, blaming it on his gambling addiction. Andrew Caspersen pleaded guilty to securities and wire fraud on Wednesday in federal court in...