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Economy News

China shuts only undersea coal mine amid production rebound

China is shutting down its only undersea coal mine, state-run newspapers reported Wednesday, as the government struggles to ...

Jury awards $256M to California auto dealer in Nissan suit

A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put ...

The Latest: Jury awards $256M to auto dealer in Nissan suit

The Latest on a jury awarding more than $256 million in a lawsuit against Nissan (all times local): 3:15 p.m. Nissan says it ...

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McConnell: Trump Budget is 'Recommendation'

Senate Majority Leader Mitch McConnell is giving lukewarm support to President Donald Trump's FY2018 budget proposal, telling ...

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Democrats Harshly Criticize Trump's 2018 Budget

Congressional Democrats are harshly criticizing President Donald Trump's budget for 2018, saying it contradicts many of the ...

Only on AP: CEO pay climbed faster last year, up 8.5 percent

The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock ...

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Mulvaney: Trump's Budget Puts Taxpayers First

White House Budget Director Mick Mulvaney released President Donald Trump's $4.1 trillion spending plan Tuesday that relies ...

US new-home sales drop 11.4% in April, most in 2 years

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday ...

South Korea's Park denies charges as corruption trial begins

Former President Park Geun-hye denied corruption charges Tuesday at the start of a criminal trial that could potentially send ...

Arconic allows activist investor to add board members

Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO.

Justices make it easier for companies to defend patent cases

The Supreme Court on Monday made it easier for companies to defend themselves against patent infringement lawsuits in a ...

Jim Hackett

Ford taps former office furniture executive to be new CEO

The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but ...

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Israeli Pol's Awkward Selfie with Trump

An Israeli lawmaker from Benjamin Netanyahu's ruling Likud party whipped out his cellphone and pushed himself into a selfie ...

Michel Temer

Brazil's leader mounts defense to save his presidency

Fighting to save his job amid a mushrooming corruption scandal, Brazilian President Michel Temer told the nation Saturday ...

Michael Phelps, Nicole Johnson

Phelps says he has no plans to return to competition

Michael Phelps pumped his right fist upon completing the final leg for the winning relay team ahead of Australian great Grant ...

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Tillerson Claims New US-Saudi Partnership

Following a signing ceremony between the U.S. and Saudi Arabia to cement a number of defense and business agreements, ...

At WEF, entrepreneurs seen as solution for Mideast troubles

Digital start-ups run by young Arab entrepreneurs took center stage Saturday at the World Economic Forum, where participants ...

Charges shed light on sea cucumber smuggling at US border

Charges against a father-son partnership for allegedly smuggling more than $17 million worth of sea cucumbers to the United ...

Trump's pick for deputy treasury secretary withdraws

President Donald Trump's choice to be deputy treasury secretary, bank executive Jim Donovan, is withdrawing from ...

John Deere

Green Machine is back, Deere posts a big 1Q and ups outlook

Despite weaker crop prices and nervous American farmers, Deere & Co. reported better-than-expected earnings on strong ...

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