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Economy News

Canadian investor backs away from Alaska mine project

A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest ...

Rafael Ramirez

Venezuela's ex-oil czar sees economic collapse accelerating

Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President ...

2 members of secretive sect plead guilty to fraud charges

A father and son who belong to a secretive evangelical church in North Carolina pleaded guilty Friday to federal criminal ...

US durable goods orders drop but key category shows strength

Orders for long-lasting manufactured goods fell in April amid weaker demand for aircraft. But a key category that tracks ...

Gap profit misses forecasts on sales slump at namesake brand

Gap Inc. reported a first-quarter profit that missed Wall Street expectations, hurt by a deeper slump in demand for its ...

Boston Globe probes text allegation against top editor

Boston Globe executives said they're investigating an allegation that the newspaper's top editor had an inappropriate text ...

McDonald's not ready to let go of plastic straws

McDonald's isn't ready to stop offering plastic straws, despite environmental concerns. A shareholder proposal to pressure ...

Best Buy posts strong sales, but investors sour on outlook

Best Buy posted strong sales of mobile phones, appliances, and smart computing products as it showed in its financial results ...

US average mortgage rates at 7-year highs; 30-year 4.66 pct.

Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying ...

Home in Denver

US home sales fell 2.5 percent in April

U.S. sales of existing homes tumbled 2.5 percent in April — with the costs of buying a home jumping and would-be buyers ...

Najib Razak

Malaysia's ex-leader questioned again in corruption scandal

Former Malaysian Prime Minister Najib Razak was quizzed for more than six hours Thursday by anti-graft investigators looking ...

UK retail sales bounce back strongly from snow impact

Official figures show that retail sales bounced back strongly in April after cold weather hit the previous month. The Office ...

'Nut rage' Korean Air heiress questioned over housekeepers

A Korean Air heiress whose tantrum over nuts delayed a flight nearly four years ago is being investigated by South Korean ...

Michael Cohen

Cohen distances himself from tax-cheating "Taxi King"

President Donald Trump's personal lawyer, Michael Cohen, is distancing himself from an associate in the taxi industry who ...

Uber valued at about $62B in new offer to buy company stock

Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion. The ride-hailing giant ...

Chipotle moving headquarters from Denver to California

Chipotle (che-POHT'-lay) is moving its headquarters from its hometown of Denver to southern California. The burrito chain ...

Makeup artist to disguise witnesses in Mafia boss trial

Two government witnesses in the trial of former New England Mafia boss Francis "Cadillac Frank" Salemme will be disguised by ...

Target's bright spot: robust customer traffic

Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment ...

US sales of new homes slipped 1.5 percent in April

Sales of new U.S. homes fell 1.5 percent in April, held down by a shortage of affordable houses in the most desirable areas ...

Lowe's 1Q falls flat as extended winter cuts into sales

Lowe's, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh ...

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