Economy News

January 25, 2020

Report: Ford to pay $30M-plus for lawsuit over transmissions

Ford will pay at least $30 million in a proposed settlement over a class-action lawsuit related to failing transmissions in ...

January 24, 2020

Walmart tests higher hourly starting wages in 500 stores

Walmart says it's testing higher wages for new hourly positions at 500 of its U.S. stores as part of an overall strategy to ...

January 24, 2020

Belarus' leader blasts Russia for pushing merger of 2 states

The president of Belarus on Friday accused Moscow of pressuring his country to merge with Russia and vowed not to let it ...

January 24, 2020

Amid scandal, 'Africa's richest woman' sells European assets

The billionaire daughter of a former African leader is shedding some of her investments in Europe after she came under ...

January 24, 2020

Greece to change election law, abandon proportional system

Greece's parliament is set to approve a proposal by the country's center-right government to abolish an election system based ...

January 24, 2020

Russian Auschwitz survivor: Only coincidence that I lived

The 75 years since Yevgeny Kovalev was a teenage prisoner in Auschwitz have been marked by tormented memories and a wonder ...

January 24, 2020

Ex-pharmaceutical exec gets 5 1/2 years for pushing opioid

The founder of an Arizona pharmaceutical company was ordered to spend 5 1/2 years in prison Thursday for orchestrating a ...

January 24, 2020

1st stage of Huawei exec extradition hearing ends

A Canadian judge said Thursday she will announce her decision at a later date after she ended the first phase of an ...

January 24, 2020

Mario meet Hulk: Nintendo park coming to Universal Orlando

Harry Potter and Hulk: Welcome your new neighbors, Mario and Pokemon. A fourth park at Universal Orlando is being created ...

January 23, 2020

First stage of extradition hearing for top Huawei exec ends

A Canadian judge said Thursday she will announce her decision at a later date after ending the first phase of an extradition ...

January 23, 2020

Grounded Boeing jet holds back profits, growth at airlines

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

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

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 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 ...