Economy News

September 16, 2019

No Deal: Auto workers strike against GM in contract dispute

More than 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early ...

September 16, 2019

India's economy slows, stalling once thriving manufacturing

Anuj Kapoor took over his father's booming auto parts business in 2012, hoping to elevate the company from selling to ...

September 16, 2019

Oil prices jump as attack on Saudi plant threatens supply

The loss of 5% of world crude oil output from an attack on Saudi Arabia's largest oil processing plant pushed crude prices ...

September 16, 2019

Auto workers strike against GM in contract dispute

More than 49,000 members of the United Auto Workers walk off General Motors factory floors or set up picket lines as contract ...

September 16, 2019

49,000 United Auto Workers strike against GM

Over 49,000 members of the United Auto Workers walked off General Motors factory floors or set up picket lines early Monday ...

September 16, 2019

Oil prices leap as attack on Saudi facility disrupts output

Oil prices surged Monday after an attack on Saudi Arabia's largest oil processing plant halted output of more than 5.

September 16, 2019

Union votes to strike at General Motors' US plants

Roughly 49,000 workers at General Motors plants in the U.S. plan to go on strike just before midnight Sunday, but talks ...

September 16, 2019

The Latest: GM, UAW to resume talks; strike still planned

The Latest on labor strife at General Motors factories (all times local): 7:20 p.m. United Auto Workers says contract talks ...

September 15, 2019

GM workers to strike amid contract negotiation

The United Auto Workers union says its contract negotiations with General Motors have broken down and its roughly 49,000 ...

September 15, 2019

Mobile home residents squeezed by market forces

As developers across the U.S. buy up mobile home parks to tear them down, and investors buy parks and raise rent, the state ...

September 15, 2019

The Latest: US 'ready' to deploy resources from reserves

The Latest on the explosion and fire at a major oil facility in Saudi Arabia (all times local): 3:10 a.m. The U.S.

September 15, 2019

Saudi Arabia: Drone attacks knocked out half its oil supply

Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil ...

September 15, 2019

Auto workers union sets stage for possible strike against GM

A top United Auto Workers official said the union and General Motors are far apart on major issues, increasing the likelihood ...

September 14, 2019

Mine shutdowns in top US coal region bring new uncertainty

At two of the world's biggest coal mines, the finances got so bad that their owner couldn't even get toilet paper on credit.

September 14, 2019

Warren has own plan for everything, though not health care

Elizabeth Warren has a plan for that. But on health care, she's with Bernie. Warren, a Massachusetts senator and a leading ...

September 14, 2019

NY finds $1B in hidden transfers by family behind OxyContin

The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, ...

September 14, 2019

States split by party on accepting Purdue Pharma settlement

The opioid crisis has hit virtually every pocket of the U.S., from rural towns in deeply conservative states to big cities ...

September 14, 2019

J.Crew's Madewell brand files for IPO

Madewell, the fast-growing brand owned by J.Crew, has filed to become its own separate public company. Known for its jeans, ...

September 13, 2019

WeWork to list shares on Nasdaq, reduce CEO's voting power

WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list ...

September 13, 2019

US retail sales rise moderately as auto-buying jumps

U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that ...