Economy News

February 23, 2019

Buffett's firm reports $25B 4Q loss on paper stock losses

Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of ...

February 23, 2019

Buffett encourages investors to bet on American economy

Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though ...

February 23, 2019

Iceland to keep hunting up to 2,130 whales over 5 years

Iceland's whaling industry will be allowed to keep hunting whales for at least another five years, killing up to 2,130 baleen ...

February 23, 2019

Buffett's appetite for big deal soured by 'sky-high' prices

Billionaire investor Warren Buffett says he hungers for an "elephant-sized acquisition," but the most tempting targets are ...

February 23, 2019

Albanian military finds hand grenade cache in northern town

Albania's Defense Ministry says it has found scores of hand grenades in a northern city that are believed to have been looted ...

February 23, 2019

Twitter co-founder Williams steps down from company board

Twitter co-founder Evan Williams will leave the social media company's board of directors at the end of the month.

February 22, 2019

Stocks climb, giving S&P 500 its 4th straight weekly gain

Technology and health care companies led U.S. stocks higher Friday, giving the benchmark S&P 500 its fourth straight weekly ...

February 22, 2019

Dems' choice: Scrap the system or make gradual change?

Democratic presidential contenders are splitting into two camps: those who want to quickly overhaul economic systems that ...

February 22, 2019

A look at Nigeria's top 2 presidential contenders

Africa's most populous country goes to the polls on Saturday to decide whether President Muhammadu Buhari deserves a second ...

February 22, 2019

AutoNation names USAA executive as new CEO

AutoNation, the country's largest auto dealership chain, went outside the auto industry to find its new chief executive, ...

February 22, 2019

At Kraft Heinz, a fed investigation and a $15.4B write-down

Kraft Heinz disclosed an investigation by federal regulators and said it will slash the value of its Oscar Mayer and Kraft ...

February 22, 2019

Volkswagen CEO expects stiffer headwinds after 'decent' 2018

Volkswagen says it increased operating earnings and sales last year despite troubles getting vehicles certified under new ...

February 22, 2019

Mokulele Airlines loses about 24 employees after purchase

Southern Airways says it is laying off 10 percent of Mokulele Airlines' staff after acquiring the Big Island-based carrier ...

February 22, 2019

German police say dead cow kicked slaughterhouse worker

Police in southern Germany say a slaughterhouse worker suffered serious injuries after being kicked in the face by a dead cow

February 22, 2019

Global shares mixed as investors watch trade talks

Global shares were mixed Friday as nervous investors await developments in the U.S.-China trade talks in Washington.

February 22, 2019

China blocks travel for 'social credit' offenses

Travelers in China were blocked from buying plane tickets 17.5 million times last year as a penalty for failing to pay fines ...

February 22, 2019

German business confidence drops for 6th straight month

Business confidence in Germany has fallen for the sixth consecutive month and hit a four-year low as worries persist about ...

February 22, 2019

Trump pledges to expand opportunity for every race

President Donald Trump is pledging to expand opportunity for Americans of every race, religion and creed as he commemorates ...

February 22, 2019

Deadly Bangladesh fire shows lapses in development

A fire in Bangladesh that killed at least 67 people in the oldest part of the capital shows the lapses in public safety that ...