Airports seeking to raise facility fee

Congress approved the passenger facility charge in 1992, creating a fund that has raised $27.5 billion for infrastructure projects at airports, USA Today reported Monday.

U.S. markets turn up Monday morning

Dubai World said Wednesday it would need to restructure $59 billion in debt. The sum is slightly larger than the bailout package supplied to General Motors Co., but the firm represents the investment activity of Dubai. The crisis sparked worries that other nations would be in default when massive debt payments came due.

Dubai stable on central bank assurances

The pre-Thanksgiving U.S. Dow Jones industrial average lost 1.47 percent and London's FTSE froze trading due to technical problems following Wednesday's government announcement of restructuring of Dubai World, saying it intends to ask all providers of financing to stand still and extend maturities until May 30.

MGM gambles on $8.5B Vegas project

The recession and collapse of credit markets nearly killed the CityCenter project, an urban metropolis of hotels, condos and shopping venues, before it got off the ground, the Las Vegas Review-Journal reported Sunday.

Street-corner job seekers increase

Especially with construction work scarce, more and more laborers are loitering near home improvement stores and at busy intersections, hoping an employer will drive by and offer a job for the day, USA Today reported Monday.

Crude oil prices drop Monday

The price of light, sweet crude lost 13 cents over the weekend to $75.92, as the central bank of the United Arab Emirate said Sunday it would support banks doing business in Dubai, where Dubai World said Wednesday it would restructure $59 billion in debt.

U.S. markets turn up Monday morning

Dubai World said Wednesday it would need to restructure $59 billion in debt. The sum is slightly larger than the bailout package supplied to General Motors Co., but the firm represents the investment activity of Dubai. The crisis sparked worries that other nations would be in default when massive debt payments came due.

Street-corner job seekers increase

Especially with construction work scarce, more and more laborers are loitering near home improvement stores and at busy intersections, hoping an employer will drive by and offer a job for the day, USA Today reported Monday.

Dubai stable on central bank assurances

The pre-Thanksgiving U.S. Dow Jones industrial average lost 1.47 percent and London's FTSE froze trading due to technical problems following Wednesday's government announcement of restructuring of Dubai World, saying it intends to ask all providers of financing to stand still and extend maturities until May 30.

UAE bank steps up support for Dubai

Dubai World said Wednesday it would need to restructure $59 billion in debt, causing a quick ripple of concern in equity markets around the globe. On Monday, after the central bank declared its intention to help, markets in Asia rose on average 2 percent, The New York Times reported.

Economic Outlook: Never cry wolf

Dubai World said Wednesday it would need more time to pay off $59 billion in debt, sending reverberations around the globe that many felt was the financial equivalent of the boy who cried wolf, a false alarm given the size of the debt was relatively small -- a bit more than the U.S. government needed to bailout out General Motors Co. -- and United Arab Emirate neighbor Abu Dhabi was standing nearby with deep pockets due to its profitable oil reserves.

MGM gambles on $8.5B Vegas project

The recession and collapse of credit markets nearly killed the CityCenter project, an urban metropolis of hotels, condos and shopping venues, before it got off the ground, the Las Vegas Review-Journal reported Sunday.