NEW YORK (AP) — Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors.
Volkswagen AG and United Auto Workers union officials will meet later this month in an effort to overcome a labor dispute at the VW plant in Tennessee. Gary Casteel, secretary-treasurer of the UAW and Karlheinz Blessing, human resources representative on the VW Board of Management, will meet in Germany in a bid to come to terms over the dispute, a UAW spokesman said on Monday. Late last year, a majority of the maintenance, or skilled trades, workers at VW's plant in Chattanooga, Tennessee, voted to be represented by the union.
LOS ANGELES (AP) — The "Grim Sleeper" trial was nearly over Monday after months of testimony about a serial killer targeting black women during the 1980s crack cocaine epidemic on the south side of Los Angeles.
BELLEFONTE, Pa. (AP) — Jerry Sandusky's effort to get his child molestation convictions thrown out ran into tough questioning Monday from a judge who voiced doubt about defense lawyers are entitled to question witnesses — including some of the former Penn State assistant football coach's victims.
WASHINGTON (AP) — The Food and Drug Administration's latest anti-smoking campaign takes aim at young adults in the LGBT community, who officials say are nearly twice as likely to use tobacco as their peers.
ATLANTIC CITY, N.J. (AP) — Financially strapped Atlantic City scraped together enough money to make a $1.8 million bond payment Monday morning, narrowly avoiding becoming the first New Jersey municipality to default on its debt in 78 years.
China's largest commercial property company, Dalian Wanda, and a Chicago real estate developer on Monday announced they will build a $900 million skyscraper, the largest-ever real estate investment by a Chinese company in Chicago. Builders will break ground this summer on the Vista Tower, a 95-story condominium and hotel complex that will be Chicago's third-largest skyscraper, the two companies and Chicago city officials said in a statement. Last week, affiliates of Chicago-based Magellan Development Group and Beijing-based Wanda Group completed a land purchase for the building, which will have 406 residential units, the 200-room Wanda Vista luxury hotel and approximately 9,000 square feet of retail space.
MILAN (AP) — Sergio Marchionne took full control of super sports carmaker Ferrari NV, adding the CEO title on Monday to that of chairman as he positions the carmaker in the luxury goods space and seeks to regain Formula 1 glory.
By Joseph Ax NEW YORK (Reuters) - More than 30 New York City businesses, including Whole Foods Market Inc, Walt Disney Co's ABC and Anheuser Busch, have agreed to cut the trash they send to landfills by half by June, the mayor's office said on Monday. The "Zero Waste Challenge" is part of Mayor Bill de Blasio's ambitious goal to reduce the city's waste output by 90 percent by 2030, through increased recycling, reduced packaging and composting. "We're doing what we can to make recycling and composting as accessible as possible to New Yorkers, but everyone will need to do their part to make a more sustainable New York City a reality," de Blasio said in a statement.