Economy News

January 17, 2020

BMW recalls about 357K vehicles for Takata air bag inflators

BMW is recalling nearly 357,000 older vehicles in the U.S. to replace dangerous Takata front air bag inflators. The inflators ...

January 17, 2020

Toyota shifting pickup production to Mexico, no US jobs lost

Toyota will stop making its Tacoma small pickup in San Antonio next year as it shifts production to Mexico, but the company ...

January 17, 2020

Comcast, State Street rise; Gap, J.B. Hunt fall

Stocks that moved heavily or traded substantially on Friday: Schlumberger Ltd., down 41 cents at $38.37. The world's largest ...

January 17, 2020

Fiat Chrysler in talks with Foxconn to develop electric cars

Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.

January 17, 2020

Zimbabwe police raid opposition party offices, seek machetes

Zimbabwe police on Friday raided the offices of the country’s main opposition party, and a spokesman says the officers were ...

January 17, 2020

For some major US shippers, 2019 ended on a sour note

For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for ...

January 17, 2020

Employers post fewer jobs in November

The number of available jobs fell sharply in November, dropping to 6.8 million, a decline of 7.6% from the October level.

January 17, 2020

US housing construction jumps 16.9% in December

Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates ...

January 17, 2020

Ghosn lawyers rebut new Nissan claims against fugitive exec

The legal team of Nissan's former chairman Carlos Ghosn issued a statement Friday refuting the latest allegations by the ...

January 17, 2020

Zimbabwe gripped by drama of vice president's nasty divorce

Black magic, drug addiction, attempted murder and a wrestling match over luxury cars and overseas properties. Zimbabwe is ...

January 17, 2020

UK psychiatric group cites social media dangers to the young

Britain's Royal College of Psychiatrists is urging that mammoth tech companies like Facebook and Twitter turn over research ...

January 17, 2020

Sales of flowers, pork push Dutch farm exports to new record

Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), ...

January 17, 2020

Starbucks, home of the $4 latte, is moving into poor areas

Starbucks has a point to prove: There's more to the company than selling $4 lattes to rich people. The Seattle-based coffee ...

January 17, 2020

Panel finds FAA followed procedures in approving Boeing Max

A government advisory committee has concluded that federal regulators followed established procedures when they certified the ...

January 17, 2020

CSX 4Q profit declines 9% as railroad hauls less freight

CSX said its profit declined 9% in the fourth quarter as the railroad hauled 7% less freight. The Jacksonville, Florida, ...

January 17, 2020

Kentucky coal miners end protest with paychecks

A group of Kentucky coal miners who blocked a railroad track for three days over unpaid wages have ended their protest, ...

January 17, 2020

Gap dumps plans to spin off Old Navy as a separate entity

Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its ...

January 16, 2020

US long-term mortgage rates edge up; 30-year loan at 3.65%

U.S. long-term mortgage rates rose slightly this week after financial markets that had been roiled by the U.S.-Iran conflict ...

January 16, 2020

CEOs got a pass in 2019, but they need to grow profits soon

CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much ...