Economy News

December 14, 2018

GM says it has 2,700 jobs for workers slated to be laid off

General Motors' plans to lay off 14,000 salaried and blue-collar workers might not be as bad as originally projected.

December 14, 2018

Macron urges calm, Paris police prepare for more violence

French President Emanuel Macron called Friday for calm as authorities prepared to deploy armored vehicles and thousands of ...

December 14, 2018

The debt threat: Business debt, and worries about it, are up

Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern ...

December 14, 2018

Lebanese minister presses for reforms after Moody's report

Lebanon's finance minister says that the Moody's Investors Service report that downgraded the country's status shows the ...

December 14, 2018

Etihad sued for $2.3 billion by Air Berlin insolvency admin

The insolvency administrator for bankrupt airline Air Berlin has sued its former largest shareholder, Gulf airline Etihad, ...

December 14, 2018

Global stocks slide following weak reports from China

Stocks are sagging Friday after weak economic data from China has investors worrying about the global economy again.

December 14, 2018

US retail sales rose 0.2% in Nov., helped by holiday boost

U.S. retail sales increased a slight 0.2% in November, as strong sales tied to holiday shopping were offset by lower gasoline ...

December 14, 2018

Volkswagen on track to break last year's sales record

Volkswagen, which last year vied for the title of world's largest carmaker, says it is on track to beat that performance with ...

December 14, 2018

13 young miners feared dead in India's remote northeast

Thirteen young miners were missing and feared dead following the collapse of a shaft and flooding of a coal mine they were ...

December 14, 2018

The Latest: Luxembourg blames UK lawmakers for Brexit snags

The Latest on Brexit (all times local): 11:05 a.m. Luxembourg's prime minister has put the blame for the continuing impasse ...

December 14, 2018

Out of many nations, a single message: Europe is united

Unlike the political chaos that has roiled Britain over Brexit, there has been no such squabbling among the 27 other European ...

December 14, 2018

Japan's 'tankan' economic survey shows sentiment flat

A key quarterly economic survey released Friday by the Bank of Japan shows sentiment among large manufacturers remained ...

December 14, 2018

Arizona journalism saga has poisoning claim, nasty divorce

An award-winning Arizona newspaper publisher and his wife are locked in a bizarre divorce case that has morphed into ...

December 14, 2018

Virgin Galactic tourism rocket ship reaches space in test

Virgin Galactic's tourism spaceship climbed more than 50 miles high above California's Mojave Desert on Thursday, reaching ...

December 13, 2018

As probe closes in, Trump distances himself from Cohen

Abandoned by two of his most powerful protectors, President Donald Trump insisted Thursday that he did not violate campaign ...

December 13, 2018

Boy Scouts' money struggles: Is bankruptcy an option?

The Boy Scouts of America deflected questions about a report suggesting it is considering seeking bankruptcy protection, ...

December 13, 2018

Congress passes overhaul of sexual harassment policies

Congress approved an overhaul Thursday of its process for handling sexual harassment claims, capping a tumultuous year that ...

December 13, 2018

US mortgage rates fall to 3-month low; 30-year at 4.63 pct.

U.S. long-term mortgage rates fell this week to their lowest level in three months, an inducement to prospective homebuyers ...

December 13, 2018

Veteran investigative journalist Ron Nixon joins AP

Ron Nixon, an acclaimed reporter, editor and data journalist, will join The Associated Press as its international ...