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Economy News

November 20, 2019
Main Gulf port in southern Iraq shut for a third day
Anti-government protesters blocked access to Iraq’s main Gulf port in Umm Qasr for a third day Wednesday, as protesters said ...
November 20, 2019
Target bursts into the holiday season with a bang
Target is bursting into the critical holiday season with strong third-quarter earnings as the company pushes faster delivery ...
November 20, 2019
GM sues Fiat Chrysler over union bribes
General Motors is suing Fiat Chrysler, alleging that its crosstown rival got an unfair business advantage by bribing ...
November 20, 2019
Lowe's 3Q profit buoyed by strong economy; lifts outlook
Lowe's third-quarter profit handily topped Wall Street’s view, thanks in part to the strong economy and sales to contractors.
November 20, 2019
Saudi king touts reforms, Aramco IPO in annual address
Saudi King Salman touted his country’s reforms in his annual address Wednesday and stressed the importance of his ...
November 20, 2019
E-commerce giant Alibaba raises $11 billion in share listing
The Chinese e-commerce giant Alibaba has raised at least $11 billion in a share offering in Hong Kong, netting the city’s ...
November 20, 2019
In first since 2002, EU not forcing any states to cut debt
For the first time since 2002, the European Commission is not taking legal action against any of its members over high budget ...
November 20, 2019
Emirates opts for 30 Boeing 787 Dreamliners in revised deal
The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 ...
November 20, 2019
Malta arrests ‘person of interest’ in journalist slaying
Authorities in Malta on Wednesday arrested a prominent Maltese businessman who appears to be a “person of interest” in the ...
November 20, 2019
Norwegian Air taps Jacob Schram as new CEO
Low-cost carrier Norwegian Air Shuttle says it has tapped a new chief executive to succeed Bjoern Kjos, who turned the small ...
November 20, 2019
Australian bank Westpac faces massive fine for breaches
Major Australian bank Westpac is facing a potentially massive fine after being accused of 23 million breaches of the ...
November 20, 2019
In Sweden, wanted man found asleep in store’s bed department
Police in Sweden say a wanted man was found asleep in a bed in a furniture store north of Stockholm. Police spokesman Tobias ...
November 20, 2019
Amnesty: At least 106 dead in protests, which Iran disputes
Days of protests over rising fuel prices and a subsequent government crackdown have killed at least 106 people across Iran, ...
November 20, 2019
Japan exports, imports weaken amid trade tensions, tax hike
Japan’s exports fell 9.2% in October from the year before, the biggest drop in three years as the U.S.-China trade war and ...
November 20, 2019
Safety board favors redesign of engine part on Boeing 737s
Federal safety officials say Boeing should redesign part of the casing on some engines to prevent the kind of accident that ...
November 19, 2019
GateHouse, Gannett join, become largest US newspaper chain
GateHouse closed its $1.1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company ...
November 19, 2019
Jury awards $58M in lawsuit against body donation firm
A civil jury has awarded $58 million Tuesday to 10 people who alleged a now-closed body donation facility mishandled the ...
November 19, 2019
Johnson, Corbyn square off in 1st UK election debate
Prime Minister Boris Johnson and opposition leader Jeremy Corbyn squared off Tuesday in the first live televised debate of ...
November 19, 2019
US prison system long plagued by staffing crisis, violence
For years, the federal Bureau of Prisons has been plagued by systematic failures, from massive staffing shortages to chronic ...
November 19, 2019
Nerf gun, Power Rangers claw cited by toy safety watchdog
A Nerf dart gun, ice cream-scented Nickelodeon slime and a plastic Power Rangers claw are among the toys topping a consumer ...
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