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Economy News

Trump team eyes public asset sales to pay for infrastructure

President Donald Trump's advisers are drafting plans to sell some public assets, such as airports, to help pay for a $1 ...

Consultant charged in scheme to trade US secrets for profit

A Washington consultant is among five people charged in a scheme to convert government secrets into hedge fund profits.

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Mulvaney Defends Budget's Social Programs Cuts

President Donald Trump's budget chief is defending the president's plans to cut social programs as a means to increase ...

Home sales fell in April amid supply squeeze

Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices are ...

Lebanon renews Central Bank governor's term amid turbulence

The Lebanese government has reappointed Lebanon's long-serving Central Bank governor for another six year term. The renewal ...

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Trump’s Proposed Budget Cuts Come Under Fire

President Donald Trump's $4.1 trillion federal spending plan promising faster economic growth, but steep cuts to programs for ...

Parent company of DeVry University changing its name

The company that owns one of the nation's largest for-profit college chains is changing its name. DeVry Education Group, ...

China shuts only undersea coal mine amid production rebound

China is shutting down its only undersea coal mine, state-run newspapers reported Wednesday, as the government struggles to ...

Jury awards $256M to California auto dealer in Nissan suit

A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put ...

The Latest: Jury awards $256M to auto dealer in Nissan suit

The Latest on a jury awarding more than $256 million in a lawsuit against Nissan (all times local): 3:15 p.m. Nissan says it ...

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McConnell: Trump Budget is 'Recommendation'

Senate Majority Leader Mitch McConnell is giving lukewarm support to President Donald Trump's FY2018 budget proposal, telling ...

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Democrats Harshly Criticize Trump's 2018 Budget

Congressional Democrats are harshly criticizing President Donald Trump's budget for 2018, saying it contradicts many of the ...

Only on AP: CEO pay climbed faster last year, up 8.5 percent

The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock ...

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Mulvaney: Trump's Budget Puts Taxpayers First

White House Budget Director Mick Mulvaney released President Donald Trump's $4.1 trillion spending plan Tuesday that relies ...

US new-home sales drop 11.4% in April, most in 2 years

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday ...

South Korea's Park denies charges as corruption trial begins

Former President Park Geun-hye denied corruption charges Tuesday at the start of a criminal trial that could potentially send ...

Arconic allows activist investor to add board members

Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO.

Justices make it easier for companies to defend patent cases

The Supreme Court on Monday made it easier for companies to defend themselves against patent infringement lawsuits in a ...

Jim Hackett

Ford taps former office furniture executive to be new CEO

The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but ...

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Israeli Pol's Awkward Selfie with Trump

An Israeli lawmaker from Benjamin Netanyahu's ruling Likud party whipped out his cellphone and pushed himself into a selfie ...

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