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Economy News

June 26, 2019
Hong Kong protests raise alarm special freedoms are fading
China promised that for 50 years after Britain gave up control of its last colony, this shimmering financial enclave would ...
Federal Express
June 26, 2019
FedEx loses $2 billion, warns of headwinds in coming year
FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead ...
June 25, 2019
PG&E's lenders offer billions, new name to rebrand utility
Pacific Gas & Electric's key lenders on Tuesday offered a $30 billion plan to pull the utility out of bankruptcy and give the ...
June 25, 2019
APNewsBreak: Lawsuit claims Utah hotel exploited immigrants
A lawsuit filed Tuesday accuses the luxury Grand America Hotel in Salt Lake City of luring workers from the Philippines to ...
Robert Charmak
June 25, 2019
Markets Right Now: Stocks drop on economic worries
The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Tuesday ...
June 25, 2019
Bombardier sells CRJ jet program to Mitsubishi for $550M
Canadian aerospace company Bombardier has announced the sale of its regional jet program to Japan's Mitsubishi Heavy ...
June 25, 2019
Ethiopian leader sobs at service for slain military chief
Ethiopia's Prime Minister Abiy Ahmed sobbed openly at a service Tuesday for the country's military chief who was assassinated ...
June 25, 2019
US consumer confidence hits lowest level since September '17
U.S. consumer confidence dropped to the lowest level since September 2017 as heightened trade tensions apparently took a toll ...
June 25, 2019
US home price growth slows for 13th straight month in April
U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check ...
June 25, 2019
US new-home sales fell 7.8% in May
Sales of new U.S. homes slumped 7.8% in May, as sales plunged in the pricier Northeastern and Western markets. The Commerce ...
June 25, 2019
Singapore probes drones at airport that disrupted 63 flights
Drones buzzing around Singapore's Changi Airport have caused 63 flights to be delayed or diverted in the past week, ...
June 25, 2019
Top Austrian court says Ukrainian oligarch can be sent to US
Austria's Supreme Court of Justice ruled Tuesday that a Ukrainian oligarch who prosecutors say had business ties to President ...
June 25, 2019
Cambodia charges 7, including Chinese, in building collapse
A court in Cambodia said Tuesday that seven people, including four Chinese nationals, have been charged with crimes related ...
June 25, 2019
Nissan governance steps, board win shareholders' approval
Scandal-battered Nissan won its shareholders' approval Tuesday for a new system of committees to oversee governance and for ...
June 25, 2019
Asian stocks lower ahead of Trump-Xi meeting at G-20 summit
Major Asian stock markets declined Tuesday as traders looked ahead to a meeting between the American and Chinese presidents ...
June 25, 2019
High court strikes down 'scandalous' part of trademark law
The Supreme Court struck down a section of federal law Monday that prevented businesses from registering trademarks seen as ...
June 25, 2019
Official blasts complacency before fatal 2017 train crash
The National Transportation Safety Board has published its final report Monday on a deadly Amtrak derailment in Washington ...
June 25, 2019
Treasury's watchdog to look into Tubman bill delay
The U.S. Treasury's watchdog says it will look into why the redesign of the $20 bill featuring abolitionist Harriet Tubman ...
June 24, 2019
China says US-China trade teams in contact ahead of G-20
Chinese and U.S. trade negotiators are discussing ways to resolve disputes ahead of a meeting between Presidents Donald Trump ...
June 24, 2019
Slurpees incoming! 7-Eleven begins delivery in public spaces
Craving a Slurpee but lacking the motivation to get off a park bench? No worries. 7-Eleven launched a delivery service Monday ...
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