Economy

Fed survey: Growth improves modestly throughout US
A Federal Reserve survey says economic growth increased throughout the United States from April through late-May, fueled by home construction, ...
China slams EU solar duties, launches wine probe
China announced a trade investigation of European wine Wednesday after the European Union hit Chinese exporters of solar panels with anti-dumping ...
US productivity grew at modest annual rate in 1Q
U.S. worker productivity grew a modest amount from January through March after having declined in the previous quarter. Weak productivity growth could ...
Eurozone recovery proves elusive
Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession.
IKEA founder Kamprad leaves board post
The founder of Swedish furniture giant IKEA, Ingvar Kamprad, will leave the board of the firm that controls the IKEA brand as part of a gradual shift ...
Tesco sales fall after horsemeat scandal
Tesco, Britain's largest retailer by revenue, saw sales drop 1 percent at its U.K. stores amid consumer distaste over the horsemeat scandal.
Stocks head lower on Fed stimulus worries
The Federal Reserve guessing game threw the markets for another loop Tuesday. Comments from a Fed official raised expectations that the central bank ...
Food rationing to begin in big Venezuelan state
In a sign Venezuela's food shortages could be worsening, restrictions on the sale of 20 basic items subject to price controls, including toilet paper ...
Chrysler refuses US request to recall vehicles
A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end collision.
Judge halts Royalty Pharma's bid for Elan stock
Irish drugmaker Elan Corp.'s fight against a takeover bid by Royalty Pharma has spilled into U.S. federal court, where a judge has issued a temporary ...
Italian entrepreneur takes control of La Perla
An Italian businessman who founded several technology firms and has been embroiled in a complex tax evasion trial won control Tuesday of the ...
Anheuser-Busch completes $20.1B Grupo Modelo deal
Anheuser-Busch InBev has completed its $20.1 billion purchase of Mexican brewer Grupo Modelo. The world's largest brewer has been trying for almost ...
IMF: France needs more economic reforms to keep up
France needs to step up reforms of its economy and labor market to avoid falling further behind its European neighbors, the International Monetary ...
US trade deficit up 8.5 percent to $40.3 billion
The U.S. trade deficit widened in April, as demand for foreign cars, cell phones and other imported goods outpaced growth in U.S. exports.
Putin's promises don't reassure exiled economist
A Russian economist who fled to Paris from what he calls a politically motivated criminal investigation says he won't return to Russia, despite ...
Ex-Porsche CFO found guilty of fraud in VW bid
Porsche's ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car marker's failed ...
Ahold earnings rise on sale of ICA chain
Royal Ahold NV, the Dutch owner of U.S. grocery chains Stop & Shop and Giant, says its first-quarter earnings rose sharply on the sale of the ...
US auto sales roar back in May, led by pickups
Full-size pickups once again dominated U.S. auto sales in May, as small businesses — increasingly confident in the economy — raced to replace the ...
Stocks indexes end higher on Wall Street
Stock indexes are ending higher on Wall Street as traders hope that the Federal Reserve won't move quickly to pull back on its economic stimulus.
Airlines group raises industry profit estimate
Packed planes should help the world's airlines earn $12.7 billion this year, as travel demand accelerates faster than the airlines add seats, ...
China approves Penguin-Random House merger
Two of the world's largest publishers, Random House Inc. and Penguin Group, expect to complete a planned merger next month. Parent companies ...
Italian court upholds conviction in asbestos case
An appeals court in Turin, Italy, has upheld the conviction of a Swiss man for negligence in some 2,000 asbestos-related deaths blamed on ...
Turkish stock market plunges over protests
Turkey's main stock exchange dropped sharply on Monday, following three days of anti-government protests. The Borsa Istanbul 100 Index was down 8 ...