Economy News

August 02, 2020

Siemens Healthineers to buy US cancer care firm Varian

Germany-based Siemens Healthineers said Sunday it will buy U.S. cancer therapy and research company Varian in a deal worth ...

July 31, 2020

Watchdog group: Trump campaign improperly masking payments

President Donald Trump’s reelection effort allegedly hid nearly $170 million in spending from mandatory public disclosure by ...

July 31, 2020

Moscow demands that Belarus free 33 detained Russians

The Kremlin demanded Friday that Belarus quickly release 33 Russian private security contractors it detained on terrorism ...

July 31, 2020

Rep. Karen Bass emerges as a leading VP contender

California congresswoman Karen Bass has emerged as a leading contender to be the Democrats' vice presidential candidate.

July 30, 2020

Los Angeles' first Olympics set template for future Games

Even though the 1932 Summer Olympics were held during the Great Depression, Los Angeles first chance to host the Games still ...

July 29, 2020

Kodak lands loan to bolster US-produced drug supply

Eastman Kodak will receive a federal loan of $765 million to help reduce reliance on other countries for ingredients in ...

July 29, 2020

Judge: Purdue Pharma must halt some political contributions

A federal bankruptcy judge ruled Tuesday that OxyContin maker Purdue Pharma can't make any more contributions to partisan ...

July 28, 2020

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty ...

July 28, 2020

Turkey to suspend research in waters disputed with Greece

Turkey will suspend research for oil and gas exploration in disputed waters in the Eastern Mediterranean that abruptly raised ...

July 27, 2020

Graft verdict for Malaysia ex-leader a test of rule of law

After years of insisting on his innocence, former Malaysian leader Najib Razak learns his fate this week in his first ...

July 26, 2020

Putin attends naval parade, promises new ships to navy

President Vladimir Putin said the Russian navy will get 40 new ships and vessels this year, as he attended a naval parade in ...

July 25, 2020

Machinists union president rallies striking shipyard workers

The international president of the Machinists union rallied striking workers at Bath Iron Works on Saturday, urging them to ...

July 25, 2020

Hedge fund to pay $312M for McClatchy newspaper chain

Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy ...

July 24, 2020

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping ...

July 24, 2020

Charges dropped against Thai Red Bull heir in fatal crash

Prosecutors in Thailand have dropped all charges against a Thai heir to the Red Bull energy drink fortune who was accused of ...

July 23, 2020

EU negotiator cites 'objective risk' of no post-Brexit deal

British and European Union negotiators failed to agree on underlying principles in the latest round of talks on post-Brexit ...

July 22, 2020

NY Times promotes executive Meredith Kopit Levien to CEO

The New York Times Co. said Wednesday that it is promoting its chief operating officer, Meredith Kopit Levien, to CEO.

July 22, 2020

Petrochemical developer reaches pact with gas storage firm

A U.S. subsidiary of a Thailand-based company proposing to build a multibillion dollar petrochemical plant in Ohio announced ...

July 22, 2020

Fiat Chrysler, Iveco offices searched in emissions probe

Investigators searched offices of automaker Fiat Chrysler and truckmaker Iveco in Germany, Switzerland and Italy on Wednesday ...