The Obama administration has decided to delay for a year a key piece of the health law that will let small businesses provide a choice of health plans to their workers. It is the first admission that the task of rolling out the law is too complicated to accomplish in the time allowed.
Toyota, Honda and other Japanese automakers are doing just fine in the U.S. Sales have rebounded, buoyed by a weaker yen and the usual lineup of reliable cars. In the home market of Japan, however, the car makers are struggling.
One of the busiest airports in the country is in the midst of a major upgrade that will bring local restaurants into a space typically reserved for mega-corporate chains. Nearly two dozen Phoenix culinary landmarks have landed space at Sky Harbor. But there is a cost. Rent at the airport is 10 times more expensive in some cases, and some small businesses have gone into a lot of debt to get their foot in the door.
For all of last year, Fannie Mae posted net income of $17.2 billion. Just a year earlier, it had lost nearly the same amount. The company that finances home mortgages is still under government conservatorship.
Florida Atlantic University says the $6 million deal to sell the naming rights of its football stadium to a private company is off. GEO is a private prison corporation. There were jokes the new stadium was going to be called Owlcatraz.
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