Economy News

January 16, 2019

Jewelry stores make $11M settlement over credit practices

Officials say some well-known jewelry stores that promote sparkling romance engaged in credit practices that consumers might ...

January 16, 2019

Snap to lose chief financial officer, its 2nd in a year

The company behind Snapchat is losing its second financial chief in less than a year as the social media service confronts ...

January 16, 2019

The Latest: French parliament adopts 'no-deal' Brexit law

The Latest on Brexit (all times local): 6:10 p.m. France's parliament has adopted a law allowing for emergency measures to ...

January 16, 2019

Sears staves off liquidation, stores to remain open

Sears will live on— at least for now. The company's chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction ...

January 16, 2019

Kia to recall vehicles to fix problem that can cause fires

Kia says it will ignore the partial U.S. government shutdown and recall more than 68,000 vehicles to fix a fuel pipe problem ...

January 16, 2019

Goldman's 4Q profits beat estimates, despite trading worries

Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult ...

January 16, 2019

Famed Naples pizzeria latest target of bombs linked to mob

A popular Naples pizzeria is the latest target of bombings in the area which Italian authorities have linked to mobsters.

January 16, 2019

Bank of America 4Q profits jump on higher interest rates

Bank of America's fourth-quarter profits rose by 39 percent on an adjusted basis, the bank said Wednesday, helped by last ...

January 16, 2019

Venezuela's opposition outlines roadmap for power transfer

Venezuela's opposition-controlled congress has declared President Nicolas Maduro "illegitimate," moving a step closer to ...

January 16, 2019

Asian stocks mixed on poor Japanese data, growth fears

Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading.

January 16, 2019

The Latest: Macron tells Britain "good luck" with Brexit

The Latest on Britain's exit from the European Union (all times local): 10:15 p.m. French President Emmanuel Macron is ...

January 16, 2019

No-shows for auto shows? Detroit and others aim to retool

At first glance, this year's edition of the North American International Auto Show might look like any other from the past: ...

January 16, 2019

United Airlines posts smaller profit but tops expectations

United Airlines reported Tuesday that its fourth-quarter profit slipped 20 percent due to higher fuel and labor costs, but ...

January 15, 2019

Ivanka Trump to work on World Bank president search

The White House says Ivanka Trump will take part in the nomination process for a new head of the World Bank. The senior ...

January 15, 2019

Delta says shutdown is costing $25M in January revenue

Delta Air Lines expects to lose $25 million in revenue this month from the partial government shutdown that is also creating ...

January 15, 2019

Board seeks to invalidate $6B worth of Puerto Rico's debt

A federal control board that oversees Puerto Rico's finances is asking a court to invalidate more than $6 billion worth of ...

January 15, 2019

Similar struggles have led to recent teacher strikes in US

The setting is different, but the complaints of teachers who are out on strike Tuesday in Los Angeles are echoing those heard ...

January 15, 2019

Explaining the border 'backstop' that halted Brexit deal

Much of the stated opposition to Prime Minister Theresa May's divorce deal with the European Union centered on the "backstop.

January 15, 2019

Parents wonder if kids are learning amid Los Angeles strike

Teachers in the huge Los Angeles Unified School District walked picket lines again Tuesday as administrators urged them to ...