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Russia, Iran mull rail link through Azerbaijan

  Bloomberg Russia and Iran agreed to strengthen transport connections, including a potential railway link through Azerbaijan that would aim to grab a share of the cargo now being shipped through the Suez Canal. Russian President Vladimir Putin and his Iranian counterpart, Hassan Rouhani, discussed the plan during a rare joint visit to Azerbaijan on Monday. The fight against terrorism ...

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Low incomes keep Detroit far behind as US housing recovers

  DETROIT / AP Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn’t know their house on Maiden Street, in a blighted east side Detroit neighborhood, was already listed for auction. No one “let us know we were about to lose our house,” Ann Mack ...

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Wal-Mart to acquire Jet.com for $3.3bn to fight Amazon

  Bloomberg Wal-Mart Stores Inc. agreed to buy e-commerce startup Jet.com Inc. for about $3.3 billion and put founder Marc Lore in charge of the combined company’s online operations, marking the retail giant’s strongest bid yet to compete with e-commerce leader Amazon.com Inc. The deal includes $3 billion in cash and $300 million in shares that will be paid over ...

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