Third World moguls driving jet demand
The market for hand-me-down corporate jets remained hot in 2012. The fancy play toys of US billionaires and celebrities hit a record high last year, brokers said, thanks to a...
View ArticleMonster stock jumps after CEO says company repositioning drinks
A little labeling change delivered a big jolt to Monster energy drinks. Shares of Monster Beverage jumped as much as 5 percent after CEO Rodney Sacks told trade publication Beverage...
View ArticleAmerican-US Air merger could lead to stiff fare hikes and fewer flights to...
Air travelers could face stiff fare hikes and fewer flights to Middle America under a proposed $11 billion merger of American Airlines and US Airways. “In many cities in the...
View ArticleReader’s Digest ducks doom
Reader’s Digest — the 91-year-old magazine — has lived long enough to make a second trip to bankruptcy court. RDA Holding, the parent of Reader’s Digest, will continue to publish...
View ArticleRich get richer with IRS loophole in sunny Bermuda
Billionaire hedge-fund moguls are getting comfortable with a US tax loophole to fatten their already plump bottom lines. All it takes to avoid tens of millions of dollars in taxes...
View ArticleRealtors waiting for spring
Don’t call it a shortage — but the number of homes on the market has shrunk to a 13-year low. The decline, coupled with a double-digit increase in buyers in...
View ArticleBuffett 5-year itch: Oracle bummed about ‘subpar’ Berkshire
Warren Buffett is feeling the heat. In 2012, for the third time in four years, shares of Buffett’s Berkshire Hathaway trailed the Standard & Poor’s 500 — a position the...
View ArticleKegger! Beer sales frothy after dry spell
Ahh, that hits the spot. For the first time in four years, US beer sales are on the rise. While the uptick last year was modest — about 1.4 percent,...
View ArticleWaldorf hysteria
A unit of controversial Long Island insurance broker Waldorf & Associates will operate under the supervision of Pennsylvania regulators for five years, according to the state’s Department of...
View ArticleMore people moonlighting to make ends meet
Moonlighting may be underlying some of the momentum in the job market. Along with the rise of part-time workers, more Americans are holding down a second job, leading to a...
View ArticleSandy victims turn insurance checks into ship-shape sales
Sales ahoy! Boaters in the Northeast are expected to drop more than $700 million in coming months to relaunch their beloved armada of more than 65,000 pleasure craft wrecked by Superstorm Sandy, The...
View ArticleShame old jobs story
US employers closed out the year much the way they started, notching another month of slow job growth that did little to alter the hiring picture. The Labor Department said yesterday that the economy...
View ArticleOutrage in SI as feds nix Nichols Marina
First, Sandy smashed Staten Island’s Nichols Marina. Now Uncle Sam is killing it for good with the stroke of a pen. Nearly 350 boaters are being evicted from the popular harbor in Gateway National Park...
View ArticleBoeing’s nightmare: Dreamliner on ice
Boeing’s much-vaunted 787 Dreamliner has been grounded in the US and elsewhere due to concerns that its lithium-ion batteries could burst into flames. The order yesterday by Federal Aviation...
View ArticleJunked justice: Budget hit$ may clog wheels of US courts
The courthouse is looking more like the poorhouse. The federal court system, which oversees more than 2.3 million cases a day, could grind to a halt unless Congress acts before March 1, when more than...
View ArticleMcD’s Q4 saved by a McRib
McDonald’s, battling a weak economy and taxed customers, eked out a small gain in fourth quarter profits — thanks to its dollar menu and its dreamy McRib sandwich. But folks weren’t exactly busting...
View ArticleNetflix shares up 35% on surprise profit
Netflix is back in Wall Street’s good graces. Shares of the streaming video service surged 35 percent yesterday after it posted a surprise profit and added more customers than expected in the fourth...
View ArticleGoldman, gov ‘rolled AIG’
Payback’s a bitch. Just ask veteran insurance titan Hank Greenberg. In his new book, “The AIG Story” (co-written with Lawrence A. Cunningham and coming out this week), Greenberg says that in the summer...
View ArticleDow tops 14,000 for first time since 2007
US stock markets continued their dogged advance yesterday, pushing toward new all-time highs — and finally seeming to attract some Main Street money. The rise — up more than 100 percent from stocks’...
View ArticleFox cable fuels qtr. profits
News Corp. reported profits more than doubled in the three months ended Dec. 31 on a 5 percent rise in revenue. The company attributed the jump in profits, to $2.38 billion, or $1.01 a share, from...
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