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Economy News

June 26, 2019
The Latest: Refinery confirms it will close, lay off workers
The Latest on the announcement that an East Coast oil refinery that caught fire will close (all times local): ___ 4:30 p.m.
Sadek al-Mahdi
June 26, 2019
Opposition leader: Ethiopia, AU join forces in Sudan efforts
A leading Sudanese opposition figure said on Wednesday the African Union and Ethiopia will present a new and joint proposal ...
June 26, 2019
Trump says he 'made' Fed Chairman Powell
President Donald Trump is keeping up his attacks on Federal Reserve Chairman Jerome Powell, saying he "made" Powell but now ...
June 26, 2019
Norway: Tycoon's wife likely killed, abduction may be fake
The wife of one of Norway's richest men who was apparently abducted eight months ago might have been killed, police said ...
June 26, 2019
Supreme leader says Iranians won't budge over US sanctions
Iran's supreme leader said Wednesday that Iranians will not budge or change their stand following new U.S.
June 26, 2019
China renews demand on Canada for Huawei executive's release
China on Wednesday renewed a demand that Canada release a top executive of tech giant Huawei a day after announcing a ...
Mohammed bin Salman, Moon Jae-in
June 26, 2019
Saudi Arabia vows to help S. Korea if oil supplies disrupted
South Korean President Moon Jae-in met Wednesday with visiting Saudi Arabian Crown Prince Mohammad bin Salman, who promised ...
June 26, 2019
Hong Kong protests raise alarm special freedoms are fading
China promised that for 50 years after Britain gave up control of its last colony, this shimmering financial enclave would ...
Federal Express
June 26, 2019
FedEx loses $2 billion, warns of headwinds in coming year
FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead ...
June 25, 2019
PG&E's lenders offer billions, new name to rebrand utility
Pacific Gas & Electric's key lenders on Tuesday offered a $30 billion plan to pull the utility out of bankruptcy and give the ...
June 25, 2019
APNewsBreak: Lawsuit claims Utah hotel exploited immigrants
A lawsuit filed Tuesday accuses the luxury Grand America Hotel in Salt Lake City of luring workers from the Philippines to ...
Robert Charmak
June 25, 2019
Markets Right Now: Stocks drop on economic worries
The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Tuesday ...
June 25, 2019
Bombardier sells CRJ jet program to Mitsubishi for $550M
Canadian aerospace company Bombardier has announced the sale of its regional jet program to Japan's Mitsubishi Heavy ...
June 25, 2019
Ethiopian leader sobs at service for slain military chief
Ethiopia's Prime Minister Abiy Ahmed sobbed openly at a service Tuesday for the country's military chief who was assassinated ...
June 25, 2019
US consumer confidence hits lowest level since September '17
U.S. consumer confidence dropped to the lowest level since September 2017 as heightened trade tensions apparently took a toll ...
June 25, 2019
US home price growth slows for 13th straight month in April
U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check ...
June 25, 2019
US new-home sales fell 7.8% in May
Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets. The Commerce ...
June 25, 2019
Singapore probes drones at airport that disrupted 63 flights
Drones buzzing around Singapore's Changi Airport have caused 63 flights to be delayed or diverted in the past week, ...
June 25, 2019
Top Austrian court says Ukrainian oligarch can be sent to US
Austria's Supreme Court of Justice ruled Tuesday that a Ukrainian oligarch who prosecutors say had business ties to President ...
June 25, 2019
Cambodia charges 7, including Chinese, in building collapse
A court in Cambodia said Tuesday that seven people, including four Chinese nationals, have been charged with crimes related ...
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