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Economy News

Chipmaker SK Hynix reports 64 percent jump in 1Q earnings

SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory ...

Elaine Wynn

Elaine Wynn asks shareholders to oust board member

The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking the removal of one ...

Sears' biggest shareholder offers to buy Kenmore brand

Sears' biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, ...

With lights from Toys R Us dimmed, sales plunge at Hasbro

With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony ...

Attacks on South Sudan health facilities, workers increasing

Everyone and everything is a target in South Sudan's civil war, as attacks against health facilities and aid workers ...

Home in Denver

US existing home sales rose 1.1 percent in March

U.S. sales of existing homes increased 1.1 percent on a monthly basis in March, which suggests that buyers are undeterred by ...

Financial expert taking Facebook to UK court over fake ads

A personal finance expert launched a lawsuit against Facebook in Britain on Monday, claiming the social media company is ...

HRW: 'Men only' job ads show ongoing discrimination in China

One job ad for Chinese high-speed train conductors called for candidates who were "fashionable and beautiful." Another ad ...

Qatar denies UAE, Bahrain allegation over military jets

Qatar is denying an allegation by the United Arab Emirates and Bahrain that it sent military fighter jets dangerously close ...

Survey: Economists' outlook is sunny but not due to tax cuts

America's business economists are sketching a bright picture for the coming months, with a survey finding that more of their ...

CHINA CAT AND DOG WAR

At war with Alibaba: Top brands fight China e-commerce giant

It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online ...

Scott Pruitt

Lobbyist tied to condo met with EPA chief, despite denials

Environmental Protection Agency chief Scott Pruitt met in his office last year with a veteran Washington lobbyist tied to the ...

Betsy DeVos

NOT REAL NEWS: DeVos didn't order globes flattened

U.S. Education Secretary Betsy DeVos hasn't ordered that globes in classrooms across America be flattened, contrary to a ...

Scott Pruitt

Lobbyist tied to condo leased by EPA chief retires from firm

The fossil-fuels lobbyist tied to the bargain-priced Capitol Hill condo leased by Environmental Protection Agency chief Scott ...

FAA orders more engine inspections after Southwest accident

The Federal Aviation Administration on Friday ordered ultrasound inspections of hundreds of jet engines like the one that ...

Robert Mugabe

Zimbabwe's Mugabe summoned over alleged diamond looting

A Zimbabwean parliamentary committee is summoning former leader Robert Mugabe to explain past comments on alleged diamond ...

Trump calls OPEC efforts to boost oil prices 'not good'

President Donald Trump says oil-producing cartel OPEC "is at it again," and that efforts to maintain high prices "will not ...

UK pound drops as central bank chief tempers rate hike talk

The British pound is falling from post-Brexit highs after the Bank of England's governor tempered market expectations of ...

ZTE protests US penalty, says it is seeking solution

ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and ...

Australian financial firm CEO steps down over fee scandal

The AMP's chief executive stepped down on Friday following revelations that Australia's largest wealth manager charged ...

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