Economy News

October 17, 2017

Johnson & Johnson tops Street 3Q forecasts, hikes forecast

Higher spending across the board drove Johnson & Johnson's third-quarter profit down 12 percent, despite a big sales jump ...

October 17, 2017

Goldman Sachs 3Q results beat forecasts despite trading drop

Goldman Sachs' third-quarter profits fell 3 percent from a year earlier, as the trading desks at Wall Street's biggest ...

October 17, 2017

Airbus notches win over rival Boeing with Bombardier deal

Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border. The European ...

October 17, 2017

Potential ally urges Merkel to give up finance ministry

A key potential ally in Germany's next government is insisting that Chancellor Angela Merkel's party shouldn't keep the ...

October 17, 2017

Asian stocks little-changed after Wall Street hits new highs

Asian stocks were little-changed Tuesday after Wall Street's major indexes rose to new highs as China prepared to open a key ...

October 17, 2017

Court jails 2 Catalan independence leaders in sedition probe

Spain's confrontation with its independence-seeking region of Catalonia intensified Monday when a judge ordered the leaders ...

October 17, 2017

The Latest: Spain lowers growth forecast amid uncertainty

The Latest on the Spain-Catalonia political crisis (all times local): 12:20 a.m. The Spanish government is lowering the ...

October 17, 2017

Lufthansa, 6 others bidding to take over bankrupt Alitalia

Lufthansa and Easy Jet are among seven airlines that made binding offers Monday to take over all or part of Alitalia, the ...

October 16, 2017

Source: Trump to meet with Yellen to discuss Fed job

Federal Reserve Chair Janet Yellen will meet with President Donald Trump on Thursday to discuss the possibility of a second ...

October 16, 2017

UK, EU leaders agree on need for speed in Brexit talks

Britain's prime minister capped a day of Brexit diplomacy Monday with hugs from the chief of the European Union's executive ...

October 16, 2017

Clarification: Ford Explorer-Fumes story

AP is retransmitting this story from Oct. 13 on Ford offering to inspect and repair Explorer SUVs to remove a quotation that ...

October 16, 2017

More Israeli settlements OK'd in Hebron, says watchdog

An Israeli anti-settlement group says dozens of new housing units have been approved in the West Bank city of Hebron for the ...

October 16, 2017

Daimler to recall over 1 million cars over faulty wiring

German automaker Daimler, maker of Mercedes-Benz cars, is recalling more than a million vehicles worldwide over a wiring ...

October 16, 2017

Populism again casts shadow over booming eurozone economy

For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for political parties ...

October 16, 2017

Nordstrom puts the hunt for a buyer on hold.

Nordstrom is halting, at least temporarily, the hunt for a buyer, sending shares down sharply at the opening bell Monday.

October 16, 2017

Macedonia's ruling Social Democrats eye local poll sweep

Candidates supported by Macedonia's governing left-wing coalition have taken a strong lead in local government elections, ...

October 15, 2017

The Latest: Election tally shows Austria turning right

The Latest on Austria's general election (all times local): 10:50 p.m. Austria's Interior Ministry says nearly completed ...

October 15, 2017

Yellen sounds upbeat on economy, signaling likely rate hike

Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in ...

October 14, 2017

Tesla fires hundreds of workers as part of annual reviews

Tesla Motors fired hundreds of workers after completing its annual performance reviews, even though the electric automaker ...