A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
Allegiant Air said it is moving operations from Akron-Canton Airport to Cleveland Hopkins International Airport, thereby doubling the leisure carrier's presence in northeast Ohio. The company will cease operations at Akron-Canton on February 15, 2017.
After reporting a substantial increase in U.S. new home sales in the previous month, the Commerce Department released a report on Monday showing a sharp pullback in new home sales in the month of August. The report said new home sales tumbled by 7.6 percent to an annual rate of 609,000 in August after surging up by 13.8 percent to a revised 659,000 in July.