Economy - Business: Breaking news and opinions

Economy

September 29, 2016

PepsiCo 3Q results beat Street; raises full-year guidance

PepsiCo, free of last year's entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past ...

September 29, 2016

Germany's Commerzbank to cut 7,300 jobs in restructuring

German lender Commerzbank says it expects to cut a net 7,300 full time jobs as part of a restructuring to concentrate on its ...

September 29, 2016

75,000 could starve to death in Nigeria after Boko Haram: UN

As many as 75,000 children will die over the next year in famine-like conditions created by Boko Haram if donors don't ...

September 29, 2016

Minorities Hopeful, Whites Sour on Future

Divided America: This year’s presidential campaign has underscored an economic paradox. Financially, black Americans and ...

September 28, 2016

California suspends some Wells Fargo business amid scandal

California's treasurer said Wednesday that he's suspending some of the state's most profitable lines of business with Wells ...

September 28, 2016

Kerry's Vigorous Defense of TPP Trade Deal

U.S. Secretary of State John Kerry is urging Congress to adopt a landmark 12-nation Asia-Pacific trade deal, the Trans ...

September 28, 2016

Yellen: Rate Hike Likely Appropriate this Year

Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates ...

September 28, 2016

Air rage incidents reported by airlines on the rise

Incidents of unruly passengers on planes are increasing, and more effective deterrents are needed to tackle the problem, a ...

September 28, 2016

Honda says Takata air bag ruptured in Malaysia crash, 1 dead

Japanese automaker Honda said Wednesday a Takata air bag ruptured in a crash in Malaysia which killed the driver, in the ...

September 28, 2016

Ford recalls Focus hatchbacks for latch release problem

Ford is recalling about 74,000 Focus hatchback cars with manual transmissions in the U.S. and Canada because the hatches can ...

September 28, 2016

Orders for US durable goods slipped slightly in August

U.S. factories saw slightly fewer orders for big-ticket manufactured goods in August, with a decline in aircraft orders ...

September 28, 2016

Qatar Airways, BA parent IAG set up revenue-sharing deal

Qatar Airways and the parent of British Airways are setting up a revenue-sharing business partnership. Qatar Airways and BA ...

September 27, 2016

Explosion kills 18 in 'illegal' coal mine in northern China

Chinese authorities blamed illegal mining activities for a gas explosion at a coal mine that killed 18 miners left two others ...

September 27, 2016

Wells Fargo claws back part of CEO, other executive's salary

Wells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions ...

September 27, 2016

West Coast dockworkers, employers to talk contract concept

Representatives of dockworkers who load and unload cargo at 29 West Coast sea ports will meet with their employers to discuss ...

September 27, 2016

Feds charge seller of mislabeled Chinese 'Viagra substitute'

An Alabama man is accused of importing a Chinese drug sold as a Viagra substitute, then selling it to gas stations.

September 27, 2016

Asian stock markets turn lower after Wall Street gains

Major Asian stock markets were lower Wednesday after investors were reassured by trade-friendly Hillary Clinton's performance ...

September 27, 2016

UK Theme Park Fined for Rollercoaster Crash

Alton Towers operator Merlin Attractions Operations was fined over $6.4 million dollars on Tuesday over last year's crash on ...

September 27, 2016

Deutsche Bank drops further as Merkel gives no sign of help

Deutsche Bank shares are down further after German Chancellor Angela Merkel gave no indication that her government might help ...

September 27, 2016

US home prices climbed again in July

U.S. home prices rose again in July, pulled up by strong gains in Portland, Seattle and Denver. The Standard & Poor's ...