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Governor Alejandro Garcia Padilla of Puerto Rico declared that the US territory could not afford paying back its $US73 billion debt. He added that he intends to forge an agreement with creditors while convincing the US government to issue a decree that would permit the island to declare a special form of bankruptcy in order to dissolve some of its debts.
Duke Energy Corporation CEO Lynn Good received an increase in pay of more than $1.2 million a year after the coal ash spill because of her exemplary performance and leadership.
By now, the news of Greece's failure to repay the International Monetary Fund (IMF) is making waves in the financial world. Everyone is holding on to their seats, bracing themselves for what is going to happen
Each third Thursday of the month, old-timer and aspiring newbie growers of medical marijuana gather at the aged Williams Grange hall in a tiny rural valley in Oregon, long known for producing some of the finest cannabis.
Say goodbye to short smartphone battery life as Samsung takes another quantum step by doubling the life of your phone according to the new developments from Samsung’s creative team of researchers.
Attorney General Herbert H. Siatery III made an announcement on Thursday, saying that the Federal Trade Commission finally approved the merging of Dollar Tree and Family Dollar.
Francis Bacon’s two self-portraits fetched a staggering £30 million at a Sotheby’s auction on Wednesday.
Amadeus is acquiring Accenture’s subsidiary, Navitaire, for $830 million in hopes of improving the connection among carriers in the same airline groups and their alliances.
Xiaomi has sold 34.7 million smartphones in the first half of 2015 which is a 33 percent increase compared to last year.
Phil Knight announced his intention to step down as Nike’s chairman and he wants current CEO Mark Parker to take over his position. Knight’s son, Travis Knight, a film executive and an animator, was recently placed as one of Nike’s board of directors.
The first ever Rolling Stones exhibit in London will be unveiled at the Saatchi Gallery next year.
The Second U.S. Circuit Court of Appeals found Apple accountable for conspiring with some publishers in price-fixing e-books to eliminate market competition. The company was ordered to pay $450 million.
On Wednesday, the World Bank censured China for the its extensive interference in the financial system. According to the bank, the state-dominated financial system could stoke potential instability unless Beijing undertakes urgent reforms to eliminate distortions in the broader economy.
As the 30-year-old regulations on genetically modified crops and biotechnology products were becoming obsolete and fall short of gaining public confidence, the Obama administration said Thursday that it would update GMO laws.
California's Public Utilities Commission (PUC) voted to increase the price of electricity. This is the first change after the rates were frozen back in 2001.