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Economy News

February 19, 2020
Bed Bath & Beyond rises as retailer unveils turnaround plan
Shares of Bed Bath & Beyond moved sharply higher at the opening bell Wednesday after executives rolled out a raft of ...
February 19, 2020
US home construction dips 3.6% in January
Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the ...
February 19, 2020
US wholesale prices up 0.5% in January, most since late 2018
U.S. producer prices climbed last month at fastest pace since October 2018 as higher prices for services more than offset a ...
February 19, 2020
Brexit pushes growing number of businesses to Netherlands
Ongoing uncertainty about the effects of Brexit is pushing an increasing number of foreign companies to set up offices in the ...
February 19, 2020
Qatar Airways ups stake in British Airways parent firm, IAG
Qatar Airways said Wednesday it has increased its share in the parent company of British Airways, International Airlines ...
February 19, 2020
Japan records trade deficit in January amid growth fears
Japan recorded a trade deficit for the month of January Wednesday, as exports declined amid worries about the spread of a new ...
February 19, 2020
Boeing finds a new issue with Max, debris in fuel tanks
Boeing said Tuesday that it found debris contaminating the fuel tanks of some 737 Max jets that it built in the past year but ...
February 19, 2020
2 top execs stepping down at publisher Tribune amid turmoil
Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a ...
February 19, 2020
DuPont chairman assuming duties of CEO
DuPont Co. said Tuesday that its executive chairman is assuming the duties of CEO. Ed Breen will replace Marc Doyle as chief ...
February 18, 2020
PG&E banking on big profits after utility leaves bankruptcy
Pacific Gas and Electric says it expects to become more profitable than ever after it emerges from bankruptcy and pays off ...
February 18, 2020
A rare miss for Walmart to end the year
Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.
February 18, 2020
Death toll from toxic gas leak rises to 14 in Pakistan
A gas leak in the southern port city of Karachi has killed 14 people and sickened hundreds more, Pakistani health officials ...
February 18, 2020
Elderly, halfhearted Florida bank robber won't be jailed
A 74-year-old Florida man whose halfhearted attempt at bank robbery was caused by depression after his wife's death will not ...
February 18, 2020
Franklin Resources buying Legg Mason for $4.5 billion
Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling ...
February 18, 2020
Poland's miners protest coal imports seen as threat to jobs
Miners in southern Poland worried that massive coal imports will eliminate their jobs on Tuesday blocked railway tracks on ...
February 18, 2020
HSBC cuts headcount by 35,000 in deep overhaul
Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and ...
February 18, 2020
Firm loses compensation claim vs. Norway for spy recruitment
A Norwegian concrete company on Tuesday lost its compensation case against its home country, claiming it suffered financial ...
February 18, 2020
Nissan shareholders furious at Ghosn scandal, dismal results
Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero ...
February 18, 2020
Italian bank Intesa SanPaolo offers to buy smaller rival
Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca ...
February 18, 2020
Pier 1 files for bankruptcy protection amid online challenge
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy ...
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