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The Washington Post Sunday - - TAKING STOCK -

Puerto Rico teetered into in­sol­vency as the chron­i­cally trou­bled U.S. ter­ri­tory of 3.4 mil­lion cit­i­zens buck­led un­der its ev­er­in­creas­ing debt, which stands at $73 bil­lion. The process that Puerto Rico has un­der­taken is a pre­lude to bank­ruptcy, but in this case, it is tai­lored for gov­ern­ments. Given the size of the debt, it would be the largest such in­sol­vency in U.S. his­tory, far out­strip­ping Detroit’s $18 bil­lion re­struc­tur­ing in 2013. U.S. Chief Jus­tice John G. Roberts Jr. ap­pointed a fed­eral judge based in Man­hat­tan to over­see Puerto Rico’s bank­ruptcy case. Ap­ple says it in­tends to bol­ster the U.S. man­u­fac­tur­ing sec­tor by cre­at­ing a $1 bil­lion “ad­vanced man­u­fac­tur­ing fund” — with some of that ini­tial money go­ing to­ward a com­pany the tech gi­ant is pre­pared to part­ner with, chief ex­ec­u­tive Tim Cook said. Hulu said its new TV stream­ing ser­vice will in­clude con­tent from NBCUniver­sal’s net­works. With its deal with Com­cast, Hulu’s live TV pack­age will in­clude the four ma­jor broad­cast net­works, cable news chan­nels and its stream­ing li­brary for less than $40 a month, it said. Airbnb and San Fran­cisco set­tled a law­suit over a lo­cal or­di­nance that had for­bid­den the home-ren­tal com­pany to take book­ings from hosts who have not reg­is­tered their homes. Ster­ling Jewel­ers set­tled claims by U.S. au­thor­i­ties that it dis­crim­i­nated against fe­male em­ploy­ees in pay and pro­mo­tions. Volk­swa­gen re­sumed sell­ing diesel cars in the United States last month, and they ac­counted for nearly 12 per­cent of its April sales, the au­tomaker said. VW was barred by U.S. au­thor­i­ties from sell­ing the cars after it ad­mit­ted to us­ing se­cret soft­ware to ex­ceed emis­sion lim­its.

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