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  • MIAMI, Dec 21- For a handful of Cuban-Americans, President Barack Obama's new Cuba policy wasn't much of a shocker. "There is a clear understanding in the White House that politically they are going to have to focus on and cultivate the younger generation of Cuban-Americans who are mobilized and out there supporting the president's decision," said Frank Mora, a...

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • Judge dismisses suit by family saved at sea Saturday, 20 Dec 2014 | 12:23 PM ET

    San Diego Superior Court Judge Judith Hayes ruled that a provision in the contract between Eric Kaufman and Whenever Communications requires any lawsuit to be filed in Florida, where the company's headquarters are located, U-T San Diego reported Saturday. After the ruling, family attorney Dan Gilleon said the Kaufmans will file their lawsuit in Florida.

  • Hopes, fears, doubts surround Cuba's oil future Saturday, 20 Dec 2014 | 8:53 AM ET

    MIAMI— One of the most prolific oil and gas basins on the planet sits just off Cuba's northwest coast, and the thaw in relations with the United States is giving rise to hopes that Cuba can now get in on the action. As a result, Cuba produces just 55,000 barrels of oil per day. Cuba needs 155,000 barrels per day, and it fills the gap with oil from Venezuela, part of a trade...

  • NEW YORK, Dec 19- Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundation, was also ordered by U.S. Shrem was charged in January following an investigation...

  • DETROIT, Dec 19- FCA US, the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles. The FCA total for Takata Corp- related recalls is now 3,672,770, including affected passenger-side airbags. The number of vehicles recalled...

  • Chrysler gives in to gov't, expands air bag recall Friday, 19 Dec 2014 | 4:35 PM ET

    The vehicles have driver's air bags equipped with inflators made by Japan's Takata Corp. that can explode with too much force and spew shrapnel at drivers and passengers. At least five deaths have been blamed on Takata inflators. For instance, Chrysler's recall covered just Hawaii, Florida, Puerto Rico and the Virgin Islands.

  • Paul, Rubio clash over Obama's Cuba policy Friday, 19 Dec 2014 | 2:16 PM ET

    Marco Rubio as "an isolationist" as the GOP's intra-party feud over President Barack Obama's new Cuba policy intensified. Paul was responding to Rubio's comments in an interview the night before with Fox News, in which Rubio said Paul had "no idea what he's talking about" when it comes to Cuba. The two White House prospects represent opposing viewpoints on Obama's...

  • Cuba debt, often inert, moves on political winds Friday, 19 Dec 2014 | 2:14 PM ET

    NEW YORK, Dec 19- The historic breakthrough in U.S.- Cuba relations closes a Cold War chapter but leaves unresolved issues that investors need to pick through carefully, with Cuba's opaque economics and financial health poorly understood in world markets. Cuba has effectively been shut out of global financial markets for decades. said Thomas Herzfeld, a Miami...

  • Dec 19- Carnival Corp, the world's largest cruise operator, said Cuba would present "a tremendous opportunity" if the United States ended its economic embargo on the Caribbean nation. The United States and Cuba said on Wednesday they would restore diplomatic ties, the biggest step towards normalizing business relations since Washington severed them five...

  • Cuban cigar boom? A look at what new rules mean Friday, 19 Dec 2014 | 12:32 PM ET

    Prices in Cuba range from $6 for a petite Partagas stogie to $30 for a long, chubby Cohiba. On that day, the U.S. tightened restrictions on Cuba and implemented a full ban on personal allotment purchases by licensed American travelers. Most Americans are still prohibited from traveling to Cuba.

  • Cuba cigar boom? Not yet, stores and customers say Friday, 19 Dec 2014 | 12:13 PM ET

    It's not for the average customer, "said Erik Otero, who left Cuba when he was 3 and has been rolling cigars since age 11.. Licensed American travelers to Cuba will soon be able to return home with up to $400 of merchandise, of which $100 combined can be spent on alcohol or tobacco products. Sampson Clay, visiting Miami from Cincinnati on his honeymoon, stopped at the...

  • Unemployment rates fell in 41 US states last month Friday, 19 Dec 2014 | 10:35 AM ET

    The Labor Department said Friday that unemployment rates rose in only three states: Connecticut, Louisiana, and Washington state. North Dakota's 2.7 percent unemployment rate was lowest in the nation, while Mississippi's 7.3 percent rate was the highest. The biggest job gains occurred in California, which added 90,100 jobs in November, followed by Florida,...

  • Carnival reports 4Q loss Friday, 19 Dec 2014 | 9:31 AM ET

    MIAMI _ Carnival Corp. on Friday reported a fiscal fourth-quarter loss of $102 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Analysts expected $3.79 billion, according to Zacks.

  • Hope and some fear in Cuba amid thaw with US Thursday, 18 Dec 2014 | 5:56 PM ET

    HAVANA— The restoration of diplomatic ties between Cuba and the United States unleashed expectations Thursday of even more momentous changes on an island that often seems frozen in a past of classic cars and crumbling Art Deco buildings. Some fear a cultural onslaught, or that crime and drugs, both rare in Cuba, will become common along with visitors from the...

  • Correction: Cuba-Travel story Thursday, 18 Dec 2014 | 3:18 PM ET

    NEW YORK— NEW YORK— In a story Dec. 17 about travel to Cuba, The Associated Press reported erroneously the number of Americans who were authorized to travel to Cuba last year. US travel industry carefully eyeing Cuba tourism. NEW YORK— Cuba was once a haven for sun-seeking American tourists.

  • HAVANA, Dec 18- From bus drivers to bartenders and ballet dancers, many Cubans are already imagining a more prosperous future after the United States said it will put an end to 50 years of conflict with the communist-run island. Old Havana is a center of Cuba's tourism industry and boasts fine colonial buildings, some exquisitely restored but others in disrepair.

  • Questions and answers about traveling to Cuba Thursday, 18 Dec 2014 | 2:51 PM ET

    While the U.S. plans to restore diplomatic ties with the Caribbean island nation, globe-trotting tourists won't be able to hop on a plane to Havana anytime soon. Still, travel companies are salivating at the chance to set up shop in Cuba. Delta Air Lines, JetBlue Airways, Hilton Worldwide, Marriott International and the Carnival Corp. all expressed interest this...

  • Jeb Bush to step down from Barclays Thursday, 18 Dec 2014 | 12:54 PM ET

    WASHINGTON— Taking another step toward a presidential run, Jeb Bush is resigning his advisory role with British banking giant Barclays. A Bush spokesman said Thursday that the former Florida governor would leave his senior adviser position at the end of the year. The news comes two days after Bush announced plans to "actively explore" a White House bid.

  • DAVENPORT, Iowa, Dec 18- Life-long Republican Bob Shelley neatly folds his newspaper and uses it as a coaster, placing his coffee mug over a photo of former Florida Governor Jeb Bush, who just announced he will explore a bid for the White House in 2016.. In Iowa, which holds the first presidential nominating contest in early 2016, voters are used to hearing out...