Business

New York, December 27 -- Officials at the Reagan National Airport canceled all flights into and out of the Airport Saturday, when a burst pipe caused flooding of the entire Terminal C.

Chicago -- Sales of recreational vehicles in the United States should increase in the near future, offering hope of a recovering U.S. economy, experts say.

Guyan, China -- Elements needed to make green energy products worldwide are being mined destructively in China, which has a near monopoly on them, authorities said.

Austin, Texas -- Whole Foods Chief Executive Officer John Mackey says he is voluntarily resigning as the chairman of the board for the U.S. grocery store chain.

New York, December 26 -- After an year marked with sluggish sales and recession-hit business, U.S. retailers are pinning their hopes on the post-Christmas weekend to raise their graphs before ushering in the New Year. With Christmas gone, retailers are expecting to make the most of the upcoming weekend.

Vevey, Switzerland, December 26 -- The Food and Drug Administration (FDA) has chastised Nestle for labeling its juice boxes for kids as ‘medical foods’ in advertisements earlier this month.

New York, December 24 -- Aiful, Japan’s consumer finance company, won the support of all its creditors, thus averting potential bankruptcy.

New York, December 24 -- Barnes and Noble's e-book reader Nook, which has gained increasing popularity in the past few months, will now reach on time for Christmas to the people who pre-ordered it.

New York, December 24 -- Robert Iger, the chief executive of Walt Disney Inc., received salary of $2 million, a 28 percent drop from the previous year, according to a statement by the Securities and Exchange Commission.

New York, December 23 -- In a move towards cutting losses, Ford Motor Co. has announced that it is selling its Swedish business, Volvo Cars, to China's Geely.