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Economy News

July 18, 2018
Iran nuclear chief says uranium stockpile reaches 950 tons
Iran continues to acquire uranium and is close to finishing a factory where it can build more centrifuges to enrich it, the ...
July 18, 2018
US housing starts tumbled 12.3 percent in June
U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce ...
July 18, 2018
Morgan Stanley 2Q profits jump 39 percent, helped by trading
Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong ...
July 18, 2018
Morgan Stanley posts profit of $1.30 a share, tops estimates
Morgan Stanley says second-quarter net income totaled $2.44 billion. The New York-based company said Wednesday it had ...
July 18, 2018
South Korea slashes jobs outlook, downgrades growth forecast
South Korea's government dramatically cut its outlook on the job market while slightly lowering its growth forecast ...
July 18, 2018
MGM sues Vegas shooting victims in push to avoid liability
MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to ...
July 18, 2018
Texas Instruments' new CEO loses job for personal misconduct
Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ...
CSX railroad
July 18, 2018
CSX 2Q profit jumps as railroad keeps cutting expense
CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve ...
July 17, 2018
States: Workaround succeeding after cut in health subsidies
A workaround by states to counter Trump administration cuts to Affordable Care Act subsidies has largely succeeded in ...
July 17, 2018
Amazon pokes fun at glitches, says tech gadgets popular
Amazon poked fun at the early glitches it saw with Prime Day, though it said shoppers still found plenty to buy.
July 17, 2018
Blankfein to step aside as Goldman CEO, Solomon to take over
Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs ...
July 17, 2018
UnitedHealth posts big profit jump but sees room to improve
UnitedHealth Group easily topped profit expectations during the second-quarter and hiked its outlook for the third time this ...
July 17, 2018
Johnson & Johnson beats revenue, profit projections for 2Q
Fueled by a 20 percent sales jump in its prescription drugs business, Johnson & Johnson posted a 3 percent increase in ...
July 17, 2018
US industrial production rebounds 0.6 percent in June
U.S. industrial production rebounded last month after being dragged down in May by a fire at an auto parts plant. The Federal ...
July 17, 2018
Germany, EU launch talks on Russia-Ukraine gas transit
Germany is hosting European Union-brokered talks between Moscow and Kiev on the future transit of Russian gas through Ukraine ...
July 17, 2018
Goldman Sachs' 2Q profit up 44 pct; CEO Blankfein to retire
Goldman Sachs' profits jumped 44 percent in the second quarter compared with a year ago, driven by the investment bank's core ...
Kim Jong Un
July 17, 2018
Kim slams local North Koreans for unfinished power plant
North Korean leader Kim Jong Un has blasted local officials over a delayed construction project, state media reported ...
July 17, 2018
Lawsuit alleges USA Diving ignored sex abuse of divers
Two former divers are suing USA Diving, accusing the national governing body of ignoring or obstructing inquiries into ...
July 17, 2018
Source: Uber facing probe into alleged gender discrimination
Uber is facing a U.S. government investigation into allegations that the ride-hailing service set up a pay structure that ...
Myrtice Harris
July 17, 2018
Amazon's Prime Day runs into early snags
Amazon's website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the ...
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