Economy

Ousted founder of Men's Wearhouse fights back
George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board ...
Obama warns EU over high youth unemployment
President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make ...
A guide to the life and mystery of Jimmy Hoffa
The FBI has spent this week digging up a field in suburban Detroit for the remains of former Teamsters union leader Jimmy Hoffa, who disappeared 38 ...
Stocks drift lower as investors wait for the Fed
Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial ...
Airbus clocks 59 orders for new A350 wide-body jet
Airbus raked in orders Wednesday for its new A350, announcing 59 sales of the wide-body jet that flew for the first time last week. Singapore Airlines ...
Israel to export 40 percent of its natural gas
Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than ...
Banks fall short in helping struggling homeowners
A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the ...
Bluebird Bio shares rocket higher in trading debut
Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut. Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning ...
Cyprus okays gas plant deal with Noble, Delek
Cyprus' deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek ...
Traffic returns to Wash. bridge that collapsed
Cars and trucks are rolling again across the Interstate 5 Skagit River bridge, restoring the traffic flow on the main route between Seattle and ...
FedEx 4Q profit drops as priority services lag
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. Excluding charges, the ...
Greek government back in talks to end TV crisis
Greece's governing coalition parties are to meet for a second time in three days to try and end a political crisis triggered by the closure of state ...
IMF calls for urgent steps on Spain unemployment
Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the ...
UK banking commission urges better standards
British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, ...
Bribery trial of former Finmeccanica CEO opens
The former head of Italian aerospace and defense giant Finmeccanica, accused by prosecutors of making bribery part of the company culture, went on ...
United 787 heading to Tokyo diverted to Seattle
A Boeing 787 flying from Denver to Tokyo diverted to Seattle because of an oil filter issue, a United Airlines spokeswoman said. An airline ...
Currency factors weigh on retailer H&M's Q2 profit
Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and ...
Japan's trade deficit climbs to $10.5B in May
Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe ...
Dish won't submit revised bid for Sprint
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to ...
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and ...
Cape Wind gets $200M investment from Danish fund
The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday ...
Icahn changes tack, seeks $16B Dell stock buyback
Activist investor Carl Icahn on Tuesday proposed a $16 billion share buyback in his latest effort to thwart Dell Inc. founder Michael Dell's effort ...
Google asks FISA court to lift gag order
Google on Tuesday sharply challenged the federal government's gag order on its Internet surveillance program, citing what it described as a First ...