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Preview: Business News - ArcaMax Publishing

Business News - ArcaMax Publishing

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EPA chief Pruitt met with lobbyist tied to $50 condo rental


WASHINGTON -- The lobbyist whose wife rented a bedroom in a Capitol Hill condo to EPA Administrator Scott Pruitt says he met with Pruitt last July with the charitable arm of pork processor Smithfield Foods Inc., despite earlier saying he hadn't ...

Alaska Air ekes out small profit, says merger with Virgin on track


SEATTLE -- Alaska Air Group reported a small first quarter profit Monday of $4 million, or 3 cents a share, on revenue of $1.8 billion. That was down from $93 million, or 75 cents a share, a year ago. But it was a better result than management ...

Yahoo exits the picture, Flickr sold to SmugMug


For Flickr, a pioneer in photo sharing, there's a new owner in the picture. Flickr has been sold to SmugMug, a Mountain View company that offers paid photo-sharing services for professional photographers, for an undisclosed amount. The future of...

'Good Morning America' news anchor Amy Robach is moving to '20/20'


Amy Robach is moving off ABC's "Good Morning America" to take over as co-anchor of the prime-time newsmagazine "20/20." ABC News President James Goldston announced Monday that Robach will replace Elizabeth Vargas, who announced late last year ...

Sears CEO Edward Lampert's fund offers to buy Kenmore, other assets


CHICAGO -- The hedge fund run by Sears CEO Edward Lampert has offered to buy the retailer's popular appliance brand Kenmore and other Sears divisions, moving to break up the company after it failed to find other buyers for the assets. Sears said ...

Travel 700 mph in a vacuum tube? Hyperloop promises a 30-minute trip from Chicago to Cleveland, but multiple challenges ahead


CHICAGO -- Suppose you want to go to Cleveland from Chicago -- how fast can you get there? A car ride takes around five hours. A plane takes an hour and 20 minutes, not counting waiting time in the airport. Hyperloop technology, which involves a...

Change-of-address scam moved UPS corporate headquarters to tiny Chicago apartment, feds say


CHICAGO -- The timeworn apartment building in Chicago's Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world's largest shipping companies. But for a few recent months, that's essentially what it became -- at ...

Minerals glut crushes independence dreams as Greenland votes


COPENHAGEN -- With their dream of commodity riches dead in its icy waters, voters on the world's largest island will focus on the mundane when they head to the polls on Tuesday to elect a new government. Greenland, a dependency of Denmark that's ...

Sixt, which came to the U.S. in 2011, is already the nation's No. 4 car-rental company


Sixt Rent-a-car is the second-biggest car rental company in Europe but entered the U.S. market only in 2011. But the German multinational rental company has grown so fast that it is now the fourth-largest car rental company in the U.S. Its fleets...

Mogul shifts to Toys R Us in US


LOS ANGELES -- Los Angeles toy mogul Isaac Larian is abandoning efforts to buy the Canadian stores of Toys R Us and instead plans to sweeten his rejected bid for more than 200 U.S. outlets of the bankrupt retailer. The Bratz doll maker told the ...