WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

China stocks plunge as market rout deepens
HONG KONG (AP) — China's main stock benchmark plunged more than 5 percent Friday as government stabilizing measures failed to reassure panicky investors while other Asian indexes fell ahead of Greece's weekend austerity referendum. The market rout...
Jul 5, 2015 | 12:05 PM
How the Dow Jones industrial average fared on Thursday
Stocks ended a tumultuous trading week with a slight loss on Thursday as investors sought safety ahead of an extended Independence Day weekend. Investors sold after the release of a downbeat report from the International Monetary Fund on Greece's...
Jul 5, 2015 | 12:05 PM
Bourbon boom: Kentucky inventory reaches 40-year high
"There's an ocean of spirits resting in Kentucky right now," said industry observer F. Paul Pacult, editor of the newsletter Spirit Journal. Straight bourbon whiskey ages in charred oak barrels a minimum of two years, though the average time to...
Jul 5, 2015 | 12:05 PM
Southwest says it has contract deal with flight attendants
DALLAS (AP) — Southwest Airlines says it has a tentative contract agreement with the union representing its flight attendants. The airline said late Thursday that the contract would run through May 2019 and includes pay raises, possible bonuses and...
Jul 5, 2015 | 12:05 PM
Company town? In Seattle, some fret over Amazon's growth
The online retail giant has brought tens of thousands of workers to its campus in the South Lake Union neighborhood, overtaken the University of Washington as Seattle's biggest employer and lined up enough office space to roughly triple its...
Jul 5, 2015 | 12:05 PM
Let's make a deal: mega-mergers drive M&A frenzy
The rush to merge has been driven by low borrowing costs and steady but unspectacular growth in the U.S. economy, which have sent CEOs hunting for new ways to expand sales and boost earnings. "The mega-mergers, the big deals, have come back into...
Jul 5, 2015 | 12:05 PM
Insurer Aetna agrees to buy competitor Humana in deal valued at $37B
HARTFORD, Conn. (AP) — Insurer Aetna agrees to buy competitor Humana in deal valued at $37B.
Jul 5, 2015 | 12:05 PM
Uber suspends low-cost service in France amid legal pressure
PARIS (AP) — Uber is suspending its low-cost ride-hailing service in France, hoping to defuse an escalating legal dispute and sometimes-violent tensions with traditional French taxi drivers. Two senior European managers for San Francisco-based...
Jul 5, 2015 | 12:05 PM
China reduces planned IPOs for July after market turmoil
BEIJING (AP) — China cut the number of initial public offerings planned this month by two-thirds on Friday, adding to frantic efforts to shore up plunging stock prices. A prolonged slump could disrupt Communist Party plans to use stock markets to...
Jul 5, 2015 | 12:05 PM
Russian parliament votes to adopt controversial privacy law
MOSCOW (AP) — Lawmakers in the Russian parliament on Friday voted for a bill forcing online search engines to remove search results about a specific person at that person's request. Though similar to one recently adopted by the European Union, the...
Jul 5, 2015 | 12:05 PM