Economy News

January 23, 2020

Ex-pharmaceutical exec to be sentenced for pushing opioid

The founder of an Arizona pharmaceutical company arrived at federal court in Boston on Thursday to be sentenced for ...

January 23, 2020

Next stop, Brexit: Britain's EU divorce bill becomes law

Britain’s delayed and disputed Brexit bill became law on Thursday, removing the last U.K. obstacle to the country leaving the ...

January 23, 2020

Boeing jet weighs on airlines as Southwest's profit falls

The three big U.S. airlines that own Boeing 737 Max jets don’t expect the grounded plane back in their fleets before the end ...

January 23, 2020

New internet customers boost Comcast 4th-quarter profit

Comcast continued adding internet customers in the fourth quarter, helping lift its net income 26%. The Philadelphia company, ...

January 23, 2020

Cyprus backtracks on claim Turkey stole offshore gas data

Cyprus' government spokesman backpedaled Thursday on a claim that Turkey may have stolen technical data to pinpoint a target ...

January 23, 2020

American Airlines profit rises 27% on strong travel demand

American Airlines' fourth-quarter profit rose 27% to $414 million on strong travel demand that resulted in record occupancy ...

January 23, 2020

Angola seeks Portugal's help in major corruption case

Angola’s attorney general arrived Thursday in Portugal to ask his country’s former colonial ruler for help investigating a ...

January 23, 2020

Switzerland mints world's smallest gold coin

No joke: Switzerland has minted a gold coin so small you'd need to look very closely to see Albert Einstein sticking out his ...

January 22, 2020

IBM, Express rise; Netflix, Baker Hughes fall

Stocks that moved heavily or traded substantially on Wednesday: Netflix Inc., down $12.11 at $326. The streaming video ...

January 22, 2020

'Africa's richest woman' now a formal suspect in graft probe

Africa's reputed richest woman is a formal suspect in an investigation into mismanagement and the siphoning off of funds ...

January 22, 2020

Watchdog files FEC complaint against pro-Sanders nonprofit

The watchdog group Common Cause filed a complaint with the Federal Election Commission on Wednesday, alleging that Our ...

January 22, 2020

Canada justice dept. lawyer says Huawei exec committed fraud

A Canadian justice department lawyer said Wednesday that fraud, not sanctions, is the crucial element for a judge to consider ...

January 22, 2020

Air bag woes force Honda, Toyota to recall 6M vehicles

Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems ...

January 22, 2020

US home sales soared 3.6% in December

U.S. home sales climbed 3.6% in December, but a record-low inventory of houses on the market has caused prices to surge as ...

January 22, 2020

Johnson & Johnson posts higher sales, big 4Q profit jump

Higher prescription drug sales and lower legal costs drove Johnson & Johnson's fourth-quarter profit 32% higher. The world's ...

January 22, 2020

WWII-era ammunition found at Tesla factory site near Berlin

Authorities in Germany say 85 kilograms (187 pounds) of World War II ammunition have been found on the site where Tesla plans ...

January 22, 2020

Images of starving lions in Sudan zoo spark global concern

At an impoverished, forlorn zoo in Sudan’s capital, the park's few remaining lions are starving in rusted cages — their ribs ...

January 22, 2020

Cyprus: Turkey may have stolen data for latest gas drilling

Turkey may have stolen technical data that enabled it send a drill ship at a specific location south of Cyprus that energy ...

January 22, 2020

Britain's EU Journey: When it signed up, 16 years late

Britain officially leaves the European Union on Jan. 31 after a debilitating political period that has bitterly divided the ...

January 22, 2020

United Airlines boosts profit on more revenue, cheaper fuel

United Airlines reported Tuesday that higher revenue and cheaper fuel helped boost its fourth-quarter profit by nearly 40%, ...