A hospitality industry guru who turned his father’s root beer (soda) stand into a global hotel empire is stepping down. Marriott International announced Tuesday that 79-year-old J.W. (Bill) Marriott, Jr. will leave his post as chief executive next year, after 39 years at the head of the company. He will be replaced by chief operating […]
Report: Slower Growth For Major Economies
Posted December 12th, 2011 at 11:35 am (UTC-5)
Experts at the Organization for Economic Cooperation and Development say growth is slowing for major economies around the world. An OECD report Monday analyzes data gathered in October that is intended to give a look at future economic growth. The OECD says Brazil, Russia, India, China, Europe, and the United States will all expand more […]
Gap Between Rich and Poor Increases in Most Countries
Posted December 5th, 2011 at 11:30 am (UTC-5)
The gap between rich and poor has grown in most of the world’s major economies, and now stands at its highest level in 30 years. A report Monday by the Organization for Economic Cooperation and Development, a research and policy group that has 34 member countries, calls for governments to act quickly to address the […]
Obama Signs Korea, Colombia, Panama Trade Deals
Posted October 21st, 2011 at 10:05 am (UTC-5)
U.S. President Barack Obama signed trade agreements with South Korea, Colombia and Panama into law on Friday. Supporters say the deals will boost U.S. exports by billions of dollars and preserve or create hundreds of thousand of jobs in the United States. Opponents say the agreements will hurt rather than help American workers. The agreements […]
Food Prize Honors Former Ghanaian, Brazilian Leaders
Posted October 13th, 2011 at 10:35 am (UTC-5)
The former presidents of Ghana and Brazil are being recognized for their contributions in the fight against hunger. John Agyekum Kufuor and Luiz Inacio Lula da Silva will be awarded the World Food Prize later Thursday during a ceremony in Des Moines, Iowa. The World Food Prize organization says it chose Mr. Kufuor and Mr. […]
Food Prize Honors Former Ghanaian, Brazilian Leaders
Posted October 13th, 2011 at 10:10 am (UTC-5)
The former presidents of Ghana and Brazil are being recognized for their contributions in the fight against hunger. John Agyekum Kufuor and Luis Inacio Lula da Silva will be awarded the World Food Prize later Thursday during a ceremony in Des Moines, Iowa. The World Food Prize organization says it chose Mr. Kufuor and Mr. […]
US Congress Approves Trade Deals with South Korea, Panama, Colombia
Posted October 12th, 2011 at 9:40 pm (UTC-5)
The U.S. Congress has approved free-trade agreements supporters say will boost U.S. exports by $13 billion annually. The House of Representatives voted by a comfortable margin Wednesday in favor of the agreements with South Korea, Panama and Colombia. The Senate also overwhelmingly approved the trade pacts. All three were initially negotiated nearly five years ago, […]
White House Nears Submission of Trade Legislation to Congress
Posted October 3rd, 2011 at 1:35 pm (UTC-5)
U.S. President Barack Obama says he will have an announcement soon on long-delayed free trade deals with South Korea, Colombia and Panama. The president told reporters Monday the announcement would come “in the next day or so.” The three deals — negotiated by Mr. Obama’s Republican predecessor, President George W. Bush — could potentially boost […]
Workers Strike at Chile Copper Mine
Posted July 11th, 2011 at 10:55 am (UTC-5)
Workers at Chile’s Codelco copper mine are holding a nationwide 24-hour strike to protest modernization plans that union leaders say could lead to the loss of hundreds of jobs. The work stoppage is the first in nearly 18 years at the state-owned mine. It involves workers at Codelco’s sites across the country, including at the […]
U.S. Repatriates Some 120 Migrants to Cuba, Haiti
Posted July 5th, 2011 at 10:55 am (UTC-5)
The U.S. Coast Guard has repatriated more than 120 Cuban and Haitian migrants picked up at sea. The Coast Guard says it intercepted 82 Haitians aboard a sailing vessel northwest of Great Inagua, Bahamas, on Friday and returned them on Monday to Cap-Haitien, Haiti. It says it also returned 15 Cubans to Bahia de Cabanas, […]
