BP earlier this month agreed to pay $18.7 billion to settle all federal and state claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico ... and took a giant step toward wrapping up its losses from this disaster. Not so the Gulf’s seafood...
The first hiccups in trade with Greece following that country’s rejection of creditors’ demands for more austerity are being felt. The Wall Street Journal reports that Greece’s capital controls on the outward flow of euros are choking commerce as exporters to Greece...
The Greek people have voted and now, with Sunday’s referendum resulting in a “No” on bailout terms offered by their country’s creditors, what happens next is in the hands of Greece’s top trading partner. Germany is reportedly staying tough on debt relief (as reported...
Tossing aside the Head of Women’s Design for the J.Crew brand and trimming 175 from the payroll, the J.Crew Group last week announced alterations aimed at “critical improvements to our J.Crew women’s assortment including fit, design aesthetic and styling.” As Business...
April 17, 1853, is remembered as the day Argentina took its first official steps toward establishing a national viticulture based on carefully selecting and cultivating varietals from France and Italy that ultimately produced Argentina’s iconic wine, Malbec. More than...
It may have been National Beer Day, but many here in the States yesterday hoisted a bottle of brew from Mexico, just south of the border but far and away the top source for US imported beer. Total US beer imports were up 11.7% by value, and 6.9% by volume, in 2014...
The US trade deficit made the biggest one-month jump on record in December as a strengthening dollar propelled a surge in imports, reports Bloomberg. The Bloomberg analysis of the various factors contributing to the widest gap between US imports and exports since...
December’s string of acquisitions in the global logistics sector – including Berkshire Hathaway’s acquisition of Charter Brokerage, FedEx’s of GENCO, C.H. Robinson’s of Freightquote.com – seems likely to stoke this year’s trend to more M&A activity in transport,...
Trade data first published by the Datamyne blog figures in an article in Seeking Alpha about an apparent discrepancy between the number of battery-powered cars Tesla says it’s delivered, and the numbers reported by independent sources. The analysis, by Michael Blair,...
Things are slowing down at the US’s largest oil-import hub, reports Bloomberg. Six years ago, the Louisiana Offshore Oil Port (LOOP) was receiving more than one million barrels a day. Now it’s taking in just half of that. Indeed, the US Customs district in Morgan...
