Economy News

February 15, 2019

Gucci to step up diversity hiring after 'blackface' uproar

Italian fashion designer Gucci is announcing a major push to step up its diversity hiring following an uproar over an $890 ...

February 16, 2019

IG report: Ex-housing agency director Watt misused position

Mel Watt, the former director of the Federal Housing Finance Agency, misused his position when he attempted to coerce a ...

February 15, 2019

Stocks post strong finish as optimism over trade talks grows

The Dow Jones Industrial Average surged more than 400 points Friday as renewed optimism over trade talks between the U.S.

February 15, 2019

Haiti to unveil economic measures to quell violent protests

Haitians on Friday vowed to keep protesting until President Jovenel Moise resigns, despite his announcement of upcoming ...

February 15, 2019

'Everybody suffers too much:' Nigeria heads to the polls

As Nigerians prepared to vote for president on Saturday, Sister Meg Odeh looked up from a selection of pineapples laid out ...

February 15, 2019

Opioid maker used rap video to push powerful painkiller

Employees at a drug company accused of bribing doctors rapped and danced around a person dressed as a bottle of the highly ...

February 15, 2019

Veteran US investment manager detained in Moscow

A veteran U.S. investment fund manager was detained in Moscow on Friday and faces fraud charges in a case that's likely to ...

February 15, 2019

World Jewish Congress concerned about neo-Nazism in Europe

The World Jewish Congress is voicing concern about the rise of far-right activities across Europe attempting to promote ...

February 15, 2019

PepsiCo moves to profit in 4Q, sees tax benefit

PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit ...

February 15, 2019

AP Explains: Polarized by Catalonia, Spain heads to election

Spain's Prime Minister Pedro Sanchez has called a general election for April 28 after his minority government's budget ...

February 15, 2019

Denver teachers back at work after winning deal with raises

Denver teachers ended a three-day walkout and returned to their classrooms Thursday, greeted by hugs and high-fives, after ...

February 15, 2019

Ikea woos India's rising consumer class, tapping new markets

In Hyderabad's bustling Nampally furniture market, customers explore a crowded, dusty labyrinth of shops, haggle over prices ...

February 15, 2019

ONLY ON AP: Maduro blames US sanctions for crisis

Venezuelan President Nicolas Maduro on Thursday blamed the economic sanctions imposed by the United States against Venezuela ...

February 15, 2019

Trump Org scraps plans for 2 hotel chains, blaming politics

President Donald Trump's company is scrapping plans for two new hotel chains announced two years ago, casting blame in part ...

February 14, 2019

Humbug holidays: US retail sales drop 1.2 pct in December

U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last ...

February 14, 2019

GE to downsize Boston headquarters, reimburse state $87M

General Electric announced Thursday it will downsize its world headquarters in Boston and will return $87 million that ...

February 14, 2019

US mortgage rates fall to 12-month low; 30-year at 4.37 pct

U.S. long-term mortgage rates fell this week to a 12-month low, an enticement for prospective homebuyers in the upcoming ...

February 14, 2019

Israeli spyware company NSO is re-acquired by its founders

An Israeli software firm known for its phone-surveillance technology said Thursday that it has been re-acquired by its ...

mannequins, Cherry Creek Mall, shopper, Mannequins

February 14, 2019

National Retail Group: holiday sales fell short

The National Retail Federation, the nation's largest retail trade group, said that holiday sales increased a ...