A new study by the GBTA Foundation found that almost half of all US international business travelers utilized extended stay accommodations during the past year. The GBTA Foundation is the education and research division of the Global Business Travel Association. The GBTA Foundation worked together with WWStay to publish “Extended Stay Accommodations: Awareness, Supply and… Continue Reading
It has taken over ten years of concerted efforts, but finally America’s elite business schools have significant numbers of female students in their programs. For instance, Wharton and Kellog’s class of 2017 has 43 percent female enrollment. Harvard, Tuck and Stanford has 42 percent enrollment in their MBA programs, while the Haas School of Business… Continue Reading
The shrinking exchange rate of the Canadian loonie compared to the US dollar is helping to push Americans to take vacations in the borders of their vast northern neighbor, where their dollars can buy more. The Canadian dollar fell to under 85 cents to the US dollar in January, and in July reached a low… Continue Reading
Honeywell International, manufacturer of automation and control solutions products, announced it will buy Britain’s Melrose Industries’ utility consumption meter business. The deal is estimated to be valued at $5.14 billion. The purchase will help Honeywell to improve its presence in several high-growth regions. Shares of Melrose grew 6 percent in early Tuesday trading, making it… Continue Reading
Republican Florida Senator Marco Rubio revealed a new law that would make it illegal for US companies to engage in financial transactions with the Cuban military. Rubio is a Cuban American, and has also announced his candidacy for president in 2016. His campaing has featured a loud opposition to the new policy recently established by… Continue Reading
Compared to the US dollar, the loonie lost three-fifths of a penny on Monday, falling to its lowest point in over a month and a half. The Canadian dollar closed at 79.78 US cents, a loss of 0.63 cents from its closing price on Friday. On April 13 the loonie reached its lowest intraday price… Continue Reading
After an anonymous caller informed Maryland state police of a bomb threat on an Air France flight en route from Paris to New York, the US Air Force sent out two F-15 fighter jets to escort the plain to a safe landing at New York’s JFK airport. The call was made in the United States… Continue Reading
There are a lot of factors to consider when embarking on the journey of starting a new business. One of the most important considerations, which can sometimes mean the difference between success and failure, is the city in which the business is launched. WalletHub, a social network site for financial information, examined the 150 largest… Continue Reading
The Swiss bank UBS has decided the place that needs trimming to bring profits up is their automated options market-making division. Other parts of their options trading arm will remain unchanged. Staff who was engaged in the auto options section will be re-assigned to other parts of the bank which have been more profitable to… Continue Reading
Brent crude oil prices rose by 50 cents a barrel to $58.43 and US crude climbed by 60 cents to attain $52.52 per barrel on Tuesday. The climb in prices is surmised to be due to two main factors: a US forecast of output of lowered US shale oil production, the first decline in over… Continue Reading