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Economy News

Spiking cost of gasoline pushes June consumer prices up 0.6%

U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting ...

Widow of ex-Korean Air boss convicted of assaulting workers

The widow of the former Korean Air chairman received a suspended prison sentence Tuesday for assault and other abuses of her ...

Chatham announces plan to buy newspaper publisher McClatchy

Hedge fund Chatham Asset Management plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family ...

Games maker Ubisoft shakes up staff amid misconduct probe

French gaming giant Ubisoft is parting ways with its creative director and two other executives and promising zero tolerance ...

Lawyers seek to halt Purdue Pharma political contributions

OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, ...

Mexican American man charged with hate crime in fatal crash

A Mexican American man from Wisconsin is charged with homicide as a hate crime because prosecutors say he intentionally ...

Ireland's Donohoe named head of eurozone finance group

Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single ...

Nevada regulators OK company buying Caesars Entertainment

Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Caesars Entertainment ...

Hong Kong inaugurates Beijing's national security office

Beijing’s national security office was inaugurated in Hong Kong on Wednesday, just over a week after China's central ...

Civil rights groups denounce Facebook over hate speech

Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation.

Hong Kong grappling with future under national security law

Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines ...

Uber buys Postmates, ups delivery game in $2.65 billion deal

Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock ...

Death toll rises to 6 in Turkey fireworks factory explosion

The death toll from a massive explosion in a fireworks factory in Turkey has increased to six. The governor of Sakarya in ...

Reopening strategist Castex named new French prime minister

The new French prime minister appointed Friday said he feels ready to face the key challenge of reviving France's economy ...

Vatican watchdog sees record cooperation levels despite raid

The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil ...

Black worker files discrimination complaint against Facebook

A Black Facebook employee, joined by two others who were denied jobs at the social network, has filed a complaint against the ...

US long-term mortgage rates hit all-time low again

Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever.

China accuses India of targeting Chinese imports after clash

China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a ...

AP Interview: Hong Kong media tycoon says city now 'dead'

When Hong Kong media tycoon Jimmy Lai arrived in Hong Kong at age 12, the city felt like heaven to him, brimming with hope ...

A pinch where it hurts: Can Facebook weather the ad boycott?

On Wednesday, more than 500 companies officially kicked off an advertising boycott intended to pressure Facebook into taking ...

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