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Economy News

The Latest: Small hospital, schools evacuated near refinery

The Latest on a Wisconsin refinery explosion that injured several people (all times local): 3:15 p.m. A small hospital near ...

Union Pacific railroad's 1Q profit climbs 22 percent

Union Pacific Corp.'s first-quarter earnings chugged ahead 22 percent as the railroad hauled 2 percent more freight and ...

UPS reports 15 percent rise in 1Q profit

More deliveries and higher revenue per package boosted first-quarter profit at UPS, but the company was hampered by rising ...

Jabar Ali al-Luaibi

Iraq awards UAE, China rights to develop oil in northeast

A United Arab Emirates energy company and two Chinese firms emerged Thursday as the only winners in Iraq's rushed bidding ...

stoves

US durable goods orders up 2.6 percent in March

Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment ...

Bookings for Southwest fall after fatal accident

Inspections of jet engines at Southwest Airlines turned up one cracked fan blade last year but no others since last week's ...

Fiat Chrysler reports rise in profit and drop in debt

Carmaker Fiat Chrysler Automobiles reported Thursday a 60 percent rise in net profit for the first quarter of the year as ...

Nintendo taps new president; profit improves on Switch sales

Nintendo Co. reported solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines.

Deutsche Bank steps back from ambition to be global player

Deutsche Bank will take another step back from its decades-long global expansion, announcing Thursday that it will focus its ...

Ford fined by Australian court for mishandling complaints

Ford Motor Co.'s Australian subsidiary has been fined 10 million Australian dollars ($7.6 million) for mishandling customer ...

Hyundai Motor's 1Q profit halved on grim US, China sales

Hyundai Motor said Thursday that its first-quarter profit plunged to its lowest level in more than eight years as sales ...

Asian markets mixed as investors consider latest earnings

Asian share benchmarks were mixed on Thursday as investors digested the latest quarterly corporate earnings. KEEPING SCORE: ...

Ford promises more savings as 1Q earnings rise 9 percent

Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make ...

Royal Dutch Shell says 1Q earnings rose 67 percent

Energy company Royal Dutch Shell says first-quarter earnings rose 67 percent, boosted by a rebound in oil prices and growth ...

Samsung's profit exceeds expectations thanks to memory chips

Samsung Electronics Co. reported better-than-expected financial results Thursday as robust demand from global data centers ...

ConocoPhillips wins $2 billion arbitration against Venezuela

ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela's state oil company, compounding ...

Caesars Entertainment plans to manage hotel in Baja, Mexico

The Caesars Entertainment Corp. casino company says it plans to build a beachfront non-casino hotel in the Mexican city of ...

Visa

Visa 2Q profits jump, helped by more spending on its network

Payment processing giant Visa on Wednesday reported a sharp jump in its fiscal second-quarter profits from a year earlier on ...

Strong travel demand lifts Boeing in first quarter

The desire by people to see the world is giving Boeing a huge lift, and executives at the aircraft maker say travel is a ...

French billionaire Bollore charged in Africa corruption case

French businessman Vincent Bollore has been given preliminary charges in an investigation into alleged corruption surrounding ...

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