Business

Alaska Airlines jet hits brown bear while landing in southeast Alaska

An Alaska Airlines jetliner struck a brown bear while landing early Saturday evening, killing the animal and causing damage to the plane, officials said. None of the passengers or crew members on board the plane were injured during the accident at the Yakutat Airport in southeast Alaska. The Boeing 737-700 killed the brown bear sow, […]

Business

RBI Announces Draft Scheme to Merge Lakshmi Vilas Bank with DBS Bank- Here’s All You Need to Know

Immediately after placing loss-making private bank Lakshmi Vilas Bank (LVB) under moratorium and superseding its Board of Directors, the Reserve Bank of India (RBI) announced a draft scheme for its amalgamation with DBS Bank India Ltd (DBIL). RBI has placed LVB under a moratorium for 30 days that would end on December 16, according to […]

Business

Why it’s not always smart to pay off your house right away

Dear Dave, My wife and I have two kids and one on the way. We’re debt-free except for our home, and we have our emergency fund in place. We’ve also been saving for retirement, with me putting 15% into a 401(k) and her putting 10 percent into her retirement account. On top of all this, […]

Business

Amazon May be on the Wrong Side of India’s FDI Rulebook for Multi-brand Retail on Dispute with Future Retail

Here is a sentence, which sounds innocuous and laced with bureaucratese at first glance, that may well be read and re-read several times and subjected to rigorous legal interpretation in the coming weeks. “Retail trading, in any form, by means of e-commerce, would not be permissible, for companies with FDI (foreign direct investment), engaged in […]

Business

Reese Witherspoon sells rustic Malibu abode for $6.7M

Reese Witherspoon just offloaded her cozy Malibu, Calif., vacation home in an off-market deal that fetched her $6.7 million, according to a report. The “Legally Blonde” star managed to sell the rustic farm-style property for $500,000 more than she paid for it last summer, Variety reported. In April, the actress and studio executive sold her […]

Business

Trump says Pfizer’s Operation Warp Speed participation denial is an ‘unfortunate misrepresentation’

President Trump said on Friday that pharmaceutical giant Pfizer offered an “unfortunate misrepresentation” when the company distanced itself from Operation Warp Speed. “Pfizer said that it was not part of Warp Speed, but that turned out to be an unfortunate misrepresentation,” Trump said in a news conference. “It was an unfortunate mistake that they made […]

Business

Thanksgiving in a pandemic means smaller birds, fewer leftovers

This year’s Thanksgiving celebrations are shaping up to be a little more fancy, a little more pricey and a lot smaller than usual. Many people are planning to avoid travel and to gather in smaller numbers as Covid-19 cases climb to new heights. Grocers are gearing up to sell smaller turkeys and less-hefty quantities of […]