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Economy News

February 18, 2020
A rare miss for Walmart to end the year
Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.
February 18, 2020
Nissan shareholders furious at Ghosn scandal, dismal results
Nissan shareholders vented their outrage at the Japanese automaker's top management Tuesday for crashing stock prices, zero ...
February 18, 2020
HSBC cuts headcount by 35,000 in deep overhaul
HSBC will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and as it tries to cope ...
February 18, 2020
Italian bank Intesa SanPaolo offers to buy smaller rival
Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca ...
February 18, 2020
Toxic gas leak kills 4 more people in coastal Karachi area
A toxic gas leak killed four more people in Pakistan's southern port city of Karachi, police said Tuesday, bringing the death ...
February 18, 2020
Pier 1 files for bankruptcy protection amid online challenge
Pier 1 Imports Inc. — the once-trendy supplier of home goods like papasan chairs and throw pillows — filed for bankruptcy ...
February 17, 2020
Former UAW President Owen Bieber dies aged 90
Owen Bieber, who led the United Auto Workers union from the auto industry's dark days of the early 1980s to the prosperity ...
February 17, 2020
UK govt adviser quits amid furor over comments on IQ, race
An adviser to British Prime Minister Boris Johnson resigned on Monday amid fierce criticism of his past comments linking ...
February 17, 2020
Europe's busiest airport hit by a second day of disruptions
Europe’s busiest airport suffered the knock-on effects Monday of technical issues that disrupted travel over the weekend.
February 17, 2020
Port operator DP World to delist from Dubai stock exchange
Port operator DP World said Monday it will delist from the Nasdaq Dubai stock exchange, returning the company to full ...
February 17, 2020
GM plans to pull out of Australia, New Zealand and Thailand
General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't ...
February 17, 2020
Toxic gas leak kills 5, sickens dozens in Karachi port city
A toxic gas leak killed five people and sickened dozens of others in a coastal residential area in Pakistan's port city of ...
February 16, 2020
Suspected far-right extremist on Germany's radar for months
German media reported Sunday that the main suspect detained last week as part of police raids on alleged far-right extremists ...
February 14, 2020
Elderly, halfhearted Florida bank robber won't be jailed
A 74-year-old Florida man whose halfhearted attempt at bank robbery was caused by depression after his wife's death will not ...
February 14, 2020
US retail sales up a modest 0.3% in January
U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted ...
February 14, 2020
German-owned container ship boarded by pirates off Guinea
A container ship that is owned and operated by a German shipping group has been attacked by pirates in the Gulf of Guinea.
February 14, 2020
German economy stagnates in sign of Europe's difficulties
Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and ...
February 13, 2020
Newspaper chain McClatchy files for bankruptcy protection
McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy ...
February 13, 2020
Buyers face more competition amid shortage of home listings
Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and ...
February 13, 2020
Tesla offers $2B in added shares, discloses SEC subpoena
Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities ...
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