Chevron has agreed to pay $5.35 million to the state of Utah for damage caused by a diesel spill in March 2013 involving a pipeline it owned at the time. The ruptured pipeline spilled about 27,500 gallons of diesel fuel in the state's Willard Bay State Park. The money will be used to improve the park and mitigate damage caused by the incident, officials said.
Luxury retailers in India are expected to expand into new hotel retail space after several years of growing into more traditional mall stores. With about 40,000 square feet of new space coming online at high-end hotels, brands including Burberry, Prada and Gucci will open new shops there rather than settling for less-desirable mall or high-street space, according to commercial real estate experts.
Data show that as many as a quarter of businesses fail in the first year, so what can you do to improve your odds? Chris Keller of Profitworks recommends having more cash available than you think you will need, minimizing capital investments and crafting a solid marketing strategy and plan.
Successful entrepreneurs have learned to overcome the fear that goes along with making decisions to move their businesses forward, author Jonathan Fields says. The key is to alter your internal dialogue to be more positive and follow your gut to capitalize on opportunities, Fields said.
Standard & Poor's took away General Electric's stellar, AAA long-term credit rating, taking it down one step to AA+, still considered an investment-grade rating. The rating for GE Capital was lowered from A+ to A. The unit is the verge of write-downs from consumer and commercial loans as well as real estate investments.