Economy News

October 15, 2019

Justices seem likely to uphold Puerto Rico oversight board

The Supreme Court seems likely to leave in place the oversight board established by Congress in response to Puerto Rico's ...

October 15, 2019

The Latest: Lawmaker says Brexit deal is "within our grasp"

The Latest on Brexit (all times local): 6 p.m. A German member of the European Parliament's Brexit Steering Group says a ...

October 15, 2019

GM CEO Barra joins talks; deal to end strike may be near

General Motors CEO Mary Barra joined negotiators at the bargaining table, an indication that a deal may be near to end a ...

October 15, 2019

IMF welcomes attempt to resolve dispute in Ecuador

The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenín Moreno to cancel an ...

October 15, 2019

Stocks march higher following solid earnings reports

Stocks marched higher in morning trading on Wall Street Tuesday after some of the nation's largest companies reported ...

October 15, 2019

Higher 3Q profit, improved outlook for Johnson & Johnson

Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key ...

October 15, 2019

French firefighters protest working conditions, low pay

Thousands of French firefighters are protesting low pay and difficult working conditions and say they want to know they have ...

October 15, 2019

The Latest: Catalan ex-leader protests outside EU building

The Latest on Catalan protests and politics (all times local): 3:45 p.m. Fugitive ex-Catalan president Carles Puigdemont has ...

October 15, 2019

Wells Fargo 3Q profit falls 23%, revenue rises slightly

Wells Fargo's net income in the third quarter fell 23% to $4.61 billion, as the banking giant struggles to get past scandals ...

October 15, 2019

Citigroup: 3Q Earnings Snapshot

Citigroup Inc. on Tuesday reported higher third-quarter earnings, driven by a lower effective tax rate and higher revenue, ...

October 15, 2019

Goldman Sachs 3Q profit falls 26%, short of expectations

Goldman Sachs had a 26% decline in third quarter profits, the bank said Tuesday, as Goldman took losses on some of its public ...

October 15, 2019

Climate activists in London shift site but keep up protests

Climate protesters in London plan to keep up their campaign despite being ousted by a police order from their Trafalgar ...

October 15, 2019

JPMorgan Chase 3Q profits up 8%, but loan growth slows

JPMorgan Chase & Co. said Tuesday that its profits grew by 8% in the third quarter, helped partly by higher interest rates ...

October 15, 2019

Hong Kong's leader: Territory not becoming a police state

Hong Kong's leader said Tuesday that "it's totally irresponsible and unfounded" to suggest the semi-autonomous Chinese ...

October 15, 2019

Report: Deutsche Bank gave lavish gifts to China's leaders

German newspaper Sueddeutsche Zeitung reports that Deutsche Bank gave expensive gifts to senior Chinese officials at a time ...

October 14, 2019

If political talk disrupts a workplace, bosses must step in

With the next presidential election a little over a year away, small business owners will likely start seeing employees ...

October 14, 2019

EU moves closer to confirmation of first chief prosecutor

The European Union's member states have agreed to appoint Romania's Laura Codruta Kovesi as the first European chief ...

October 14, 2019

Union calls on Lufthansa cabin crew to strike on Sunday

A union is calling on cabin crew at German airline Lufthansa to walk off the job for five hours next weekend in a ...

October 14, 2019

EU OKs $419M German loan for Thomas Cook airline Condor

The German government says the European Union has approved its decision to grant airline Condor, a subsidiary of collapsed ...