6 Stories

Obama Puts New Obstacle in Coal Industry's Way

President to announce stop to new coal-mining leases on federal land

(Newser) - During his SOTU address Tuesday, President Obama forewarned he'd "push to change the way we manage our oil and coal resources." Today, part of that blueprint is set to become more clear, with an expected announcement by the president to stop all new coal-mining leases on public... More »

Landlord Sues Tenant Over Derogatory Tweet

Chicago firm claims libel after resident posts mold complaint

(Newser) - Twitter enthusiasts may want to watch what they write—a Chicago landlord has sued a tenant for libel after she posted a Tweet complaining about her apartment, the Tribune reports. “Who said sleeping in a moldy apartment was bad for you? Horizon realty thinks it’s okay,” Amanda... More »

Starbucks Looks to Cut Back on Rent

Coffee chain presses landlords for 20%-25% reductions

(Newser) - Starbucks is asking some of its landlords for a venti favor: lower lease rates by as much as 25%, Bloomberg reports. With the real-estate market in decline, a rep says, “We’re taking advantage of the opportunity,” adding that most landlords foresee a “mutually beneficial situation.”... More »

Coney Island's Astroland to Shut Down

Owner of legendary amusement park can't strike deal on lease

(Newser) - The iconic Astroland, one of two theme parks on New York’s Coney Island, will close for good on Sunday, the New York Post reports. Owner Carol Albert said she couldn't strike a lease deal with the 46-year-old site's developer and landlord. The park’s historic (and bruising) Cyclone rollercoaster... More »

GM, Ford Join Chrysler in Retreat From Leasing

As resale values plummet and credit tightens, automakers leave market

(Newser) - Ford and GM are joining Chrysler in moving away from auto leasing, the Wall Street Journal reports, signalling the end of an era in which leases allowed many Americans to drive more expensive cars than they could afford to buy. The move is prompted by falling prices for used SUVs... More »

Chrysler to Scrap Leasing

Struggling automaker says it will focus more on financing loans

(Newser) - Chrysler will no longer offer auto leases through its financial arm, due to the declining value of used automobiles, particularly trucks and SUVs, the Detroit Free Press reports. Instead, it plans to focus on financing, which could lead to better deals for those who buy cars through loans. Given the... More »

6 Stories