Economy News

September 20, 2017

FedEx profit falls 17 percent, hurt by TNT cyberattack

FedEx said Tuesday that its first-quarter profit fell 17 percent, hurt by a June cyberattack at its TNT Express business that ...

September 20, 2017

Toys R Us joins bankruptcy list as Amazon exerts influence

In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online ...

September 19, 2017

Equifax says 100,000 Canadians may be affected by breach

Equifax said Tuesday that approximately 100,000 Canadian consumers may have had their personal information compromised in the ...

September 19, 2017

Health benefit offers from small businesses keep vanishing

Only half of America's smallest businesses now offer health coverage to their workers because many say steady cost hikes have ...

September 19, 2017

States expand investigation of opioid makers, distributors

Attorneys general from most states are broadening their investigation into the opioid industry as a nationwide overdose ...

September 19, 2017

GOP governors launch 'news' site critics call propaganda

Republican governors are getting into the "news" business. The Republican Governors Association has quietly launched an ...

September 19, 2017

US housing starts fall 0.8 pct., a 2nd straight monthly drop

Homebuilders slowed their pace of construction by 0.8 percent in August, the second straight monthly decline. A steep drop ...

September 19, 2017

Post Holdings buying Bob Evans Farms in $1.53B deal

Bob Evans Farms is being sold to Post in a deal worth about $1.53 billion, giving the cereal maker a stronger presence in the ...

September 19, 2017

US current account deficit hits $123.1 billion

The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting ...

September 19, 2017

Global shares drift as investors pause ahead of Fed

Global stock markets traded in fairly narrow ranges Tuesday as investors paused for breath, a day after U.S. stock markets ...

September 18, 2017

Officer in nurse arrest was reprimanded for sex harassment

A Utah officer caught on video dragging a nurse from a hospital and handcuffing her was previously reprimanded for sexually ...

September 18, 2017

US homebuilder sentiment falls in September

U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts ...

September 18, 2017

Another major deal in defense sector as global tensions rise

Northrop Grumman is buying Orbital ATK for about $7.8 billion, with a backdrop of rising global tensions accelerating big ...

September 18, 2017

Roku aims to raise $252 million with IPO

Video streaming pioneer Roku hopes to raise just over $252 million in an initial public offering as it tries to expand into ...

September 18, 2017

Young democracy activist among Macau election winners

Macau voters have elected a young pro-democracy activist to the Chinese casino capital's legislature, as opposition lawmakers ...

September 18, 2017

Burst fuel pipe to disrupt New Zealand flights through week

A rupture in the main pipeline carrying jet fuel to New Zealand's largest airport has disrupted the travel plans of thousands ...

September 17, 2017

Dubai port operator DP World to pull out of Indonesia

One of the world's largest port operators, DP World, says it will not be renewing its contract in Indonesia after failing to ...

September 17, 2017

Porsche plows into spectators at Idaho car show; 11 hurt

A Porsche plowed into a crowd of spectators at a Boise, Idaho, car show, injuring 11 in a horrifying scene that saw ...

September 16, 2017

1 Arrest, Security Boost Follows UK Subway Blast

An 18-year-old man has been arrested in Dover, and British officials held an emergency Cabinet meeting to discuss the terror ...