"Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market," says Philip Blumberg.» Read More
HAVANA, Aug 21- Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms.
NEW YORK— It's mid-August, and parents are scrambling to outfit their kids with backpacks, gadgets and jeans as the clock winds down toward the first day of school. "It's a lot easier to find a deal," said Michael Londrigan, dean of academic affairs at LIM College, a fashion college in New York.
MIAMI— Perry Ellis International Inc. on Thursday reported a loss of $1.6 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Perry Ellis released its full-year outlook.
Aug 21- An elongated area of low pressure located about 350 miles east of the Lesser Antilles has a 50 percent chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Thursday.
HOUSTON— A sprawling private ranch in southeast Texas will be converted into a state park with the assistance of a fund created in the wake of the 2010 Deepwater Horizon oil spill, the Texas Parks and Wildlife Foundation announced Thursday.
LOS BANOS, Calif.— California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers. The historic drought, now in its third year, is reducing supplies of California honey, raising prices for consumers and making it harder for beekeepers to earn a living.
WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. "It is certainly better than nothing," said Bruce Marks, chief executive of the nonprofit Neighborhood Assistance Corporation of America.
WASHINGTON, Aug 20- Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.
Following a bevy of recent White House meetings, top officials have compiled specific recommendations from business groups and other advocates whose support could undercut GOP claims that Obama is exceeding his authority to help people who have already violated immigration laws.
NEW YORK— Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11- year-old company, Essential Body Wear, sells women's underwear at parties at customers' homes.
Last April, the federal appeals court in Washington said SeaWorld' s challenge to the finding was unpersuasive, and that the Occupational Safety and Health Review Commission was correct when it found that the SeaWorld park in Orlando had violated a federal workplace safety law.
But surging growth in China means it's a market operators can no longer ignore. Carnival Corp., the No. 1 cruise company, will become the first global cruise operator to have four ships based in China when it deploys its Costa Serena to Shanghai in April.
NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.
NEW YORK, Aug 19- A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes. District Judge Alvin Hellerstein, who accepted Kramer's plea in Manhattan federal court.
Aug 19- Southeastern Grocers LLC, which operates supermarket chains Winn- Dixie and BI-LO, called off its plans for an initial public offering, joining a list of companies that have pulled their offerings this year. The company runs more than 650 BI-LO and Winn- Dixie stores in southeastern U.S. states of Florida, Alabama, Louisiana and Georgia.
TALLAHASSEE, Fla.— A California billionaire environmentalist is pouring millions of dollars into the Florida governor's race to buy television ads attacking Gov. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite.
Aug 19- Southeastern Grocers LLC, which operates supermarket chains Winn-Dixie and BI-LO, said on Tuesday it would withdraw its plans for an initial public offering. The Jacksonville, Florida- based company filed with the U.S. Securities and Exchange Commission in September for an IPO of up to $500 million.
NEW YORK— Celebrity perfumes are turning out to be a stinker for Elizabeth Arden. Elizabeth Arden Inc.' s shares sank 23 percent in afternoon trading Tuesday and touched a four-year low. Elizabeth Arden's other celebrity fragrances include Britney Spears, Jennifer Aniston, Mariah Carey and Nicki Minaj.
Aug 19- U.S. power company Duke Energy said on Tuesday about 5,000 gallons of fuel was spilled into the Ohio River during a routine transfer of fuel oil at its station near Cincinnati. The spill that took place around 11.15 p.m. ET on Monday was stopped within 15 minutes, the company said.
TALLAHASSEE, Fla.— Florida had a record number of visitors during this past spring. Rick Scott will announce Tuesday that 24 million tourists visited the state during the second quarter of 2014.. Visit Florida, the state's tourism marketing arm, estimates that the record number includes 2.8 million visitors from overseas and 1 million Canadians.