Business

(Reuters) — U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. Power and LMC Automotive said. U.S. retail sales of new vehicles could fall 23.8% to 1.1 million units in April from a year earlier, accordin…

(MVA) — Riman Cosmetics of South Korea recently hosted its top sales representatives in the Marianas, one of the first Meetings, Incentives, Conferences, and Exhibitions or MICE large group tours to the destination since before the pandemic.  One hundred top sales reps of the company were on Saipan…

(Reuters) — Twitter Inc and its advisers were not sure at first how seriously to take him. Elon Musk’s $54.20-per-share offer price for the social media company on April 14 contained the digits 420, a reference to a trope for smoking marijuana. Financing documents he submitted last week in su…

HAGÅTÑA (BoG) —   It  is  with  deep  sadness  that  Bank  of  Guam announces that Martin D. Leon Guerrero, board treasurer and assistant secretary, passed away on April 21, 2022 at the age of 70. Martin was appointed to the Bank of Guam board of directors in 1990. During his 32 years of service, h…

(MVA) — Arrivals to Saipan, Tinian and Rota grew 1,603% percent to 4,155 visitors in March 2022, compared to 244 visitors received in March 2021, according to the Marianas Visitors Authority. The figure is an overall decrease of 88% from 35,295 visitors received in March 2019, marking another moth …

(MVA) — In celebration of May Tourism Month, the Marianas Visitors Authority has organized a series of community events to celebrate and support the primary economic driver of the Marianas. Events will kick off with proclamation signing ceremony declaring May as Tourism Month will be held on April …

NEW YORK (Reuters) — Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his “best and final” offer for the social media company, people familiar with the matter said. Twitter may announce the $54.20-per-share deal lat…

NEW YORK (Reuters) — Oil slumped about 6% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged Covid-19 lockdowns in Shanghai and potential increases in U.S. interest rates. In Shanghai, authorities have erected fences outside residential b…

NEW YORK (Reuters) — Battered U.S. stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor unease. After last week’s sharp decline, the S&P is down 5.7% so…

McDonald’s Saipan-Guam President Jose Ayuyu Sr. center, introduces his granddaughters, Hanalei Moana and Katana, as his wife, Marcia, left, son, Joe Ayuyu Jr., second left, and daughter Natalie Mable Ayuyu-Glenn smile during Ayuyu Sr.’s 70th birthday celebration at their residence in Papago o…