Lower Manhattan’s 1 World Trade Center was deemed the tallest tower in the U.S. by the Council on Tall Buildings and Urban Habitat, which ruled that the skyscraper’s 408-foot spire is part of its architecture.
A mile-high skyscraper, almost double the height of today’s tallest building, may become a reality by 2025 as developing countries splurge cash in an ego- fueled race to construct the world’s highest tower.
The London interbank offered rate, the benchmark for $360 trillion of securities, may not survive allegations of being corrupted unless it’s based on transactions among banks rather than guesswork about the cost of money.
The U.S. House of Representatives voted to extend tax cuts through 2013 for all income levels, defying a veto threat from President Barack Obama and setting up a partisan showdown on fiscal policy after the Nov. 6 election.
Sales at retailers probably rose in November as Americans bought more new cars and shopped for the holidays, showing growth in the U.S. is picking up heading into 2012, economists said before a report this week.
The airline industry expects Congress to enact, and President Barack Obama to sign, legislation authorizing the U.S. to prohibit airlines from complying with European Union emissions regulations, an industry lobbyist said.
U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a second straight day, as a government report showing a bigger-than-forecast drop in jobless claims bolstered optimism about the economic recovery.