Americans have been holding on to their wobbly washing machines and sagging sofas even longer than their grandparents did 50 years ago, setting the stage for a rebound in consumer spending as old household goods wear out.
A year ago, New Jersey contractor Michael Mroz’s customers were focused on saving money when renovating kitchens and baths, he said. Now, with a resurgence of home equity lending, they’re ready to pay for the best.
Lundin Petroleum AB favors Norwegian suppliers to develop the Johan Sverdrup oilfield, the country’s biggest find in decades, after saving money employing a local contractor at its Edvard Grieg project.
The National Football League may have saved itself from a potentially higher payout -- and a stain on its reputation -- by reaching a $765 million settlement with former players over concussions, according to sports business executives.
Medicare continues to exhibit remarkably slow growth: a modest 3 percent over the past year. That’s great news, but a debate is raging about whether this is caused by a weak economy (and therefore will reverse as the economy recovers) or other factors (and therefore may persist, drastically improving the budget outlook).
In the four privately run prisons holding Mississippi inmates last year, the assault rate was three times higher on average than in state-run lockups. None was as violent as the Walnut Grove Youth Correctional Facility.
Daniel Rice takes taxis down long desert roads in Afghanistan’s combat zones to make sales calls. He travels at night, unarmed, and when he’s dropped at the gate of a U.S. military base, soldiers often call Rice crazy before whisking him inside. The former U.S. Army officer is there to sell commanders on something he wishes the military used eight years ago when he served in Iraq and lost friends in attacks on convoys: solar panels.