Economy News

October 22, 2019

Nike CEO Mark Parker to step down in January

Nike says its longtime CEO Mark Parker is stepping down early next year. He will be replaced by board member John Donahoe, ...

October 22, 2019

The Latest: EU Council president will recommend Brexit delay

The Latest on Brexit (all times local): 9:35 p.m. European Council President Donald Tusk says he will recommend that the EU ...

October 22, 2019

Autoworkers from closed plants fight new GM contract

If they can close our plant, they can close yours, too. That's the message from workers at three shuttered General Motors ...

October 22, 2019

Report: SoftBank to take control of WeWork

WeWork has accepted a financial rescue package from Softbank that would give the Japanese tech conglomerate control of the ...

October 22, 2019

Demand for fast, online delivery drives UPS 3Q

UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the ...

October 22, 2019

McDonald's 3Q earnings down on tech investment

McDonald's says it's setting itself up for future growth by investing now in advances like voice recognition ordering ...

October 22, 2019

For toymaker Hasbro, trade wars are no fun

Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and ...

October 22, 2019

Boris Johnson faces showdown with lawmakers over Brexit bill

British Prime Minister Boris Johnson was headed for a showdown Tuesday with lawmakers who want to put the brakes on his drive ...

October 22, 2019

AP-NORC/SAP poll: Some workers changing actions amid #MeToo

Barbara Myers started work as an apprentice electrician in 1995, and over the years she learned to shoot back sexual banter ...

October 22, 2019

High prices drove US home sales down 2.2% in September

U.S. home sales fell 2.2% in September, as rising home prices and lower inventories have stifled homebuyers. The National ...

October 22, 2019

Lebanon PM seeks foreign support for reforms amid protests

Lebanon's embattled prime minister sought international support Tuesday for economic reforms announced a day earlier, which ...

October 22, 2019

Coal-reliant Poland welcomes plan for first nuclear plant

Poland's government has welcomed plans by a top businessman to build what would be the nation's first nuclear power plant and ...

October 22, 2019

Millennial Money: Vanquish these 5 financial fears

Fear can consume you. The anxiety of the unknown can drive you to pull the blanket over your head, whether you're worried ...

October 22, 2019

Under Armour founder Kevin Plank relinquishes CEO post

Under Armour founder Kevin Plank will step down as CEO in the new year to become the company's executive chairman and brand ...

October 22, 2019

Delivery food fight: Just Eat rejects another takeover offer

Food delivery company Just Eat rejected Tuesday a takeover proposal from investment firm Prosus, saying that the 4.

October 22, 2019

Swiss file their 1st charges in Petrobras-Odebrecht scandal

Swiss prosecutors have filed their first indictment in investigations related to Brazilian construction company Odebrecht and ...

October 22, 2019

UK lawmaker challenges Facebook on political ads

An influential British lawmaker challenged Facebook's new effort to safeguard elections on Tuesday, warning that they will ...

October 22, 2019

French president kicks off trip to overseas territories

French President Emmanuel Macron has vowed to combat illegal immigration on the French island of Mayotte in the Indian Ocean.

October 22, 2019

Fire at New Zealand construction site sends smoke over city

A large fire that broke out Tuesday on the roof of a convention center that's under construction in downtown Auckland sent ...