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Economy News

July 27, 2017
Forbes: Amazon CEO Bezos was briefly the world's richest man
Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in ...
July 27, 2017
Southwest reports lower 2Q profit, weak revenue outlook
Shares of Southwest Airlines fell 5 percent Thursday after the company offered a weak forecast for a key revenue figure in ...
July 27, 2017
Online-shopping energizes UPS in second quarter
If you buy diapers online later this year, UPS begs you to avoid placing the order right around Thanksgiving or Christmas.
July 27, 2017
Starbucks to shutter all Teavana stores as sales disappoint
Starbucks plans to shutter all its Teavana stores as it seeks to improve sales at its namesake coffee stores. The company ...
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July 27, 2017
Senate GOP Considers "Skinny" Health Care Bill
Republican senators were looking to go skinny Thursday as they struggled to repeal key parts of former President Barack ...
Randal Quarles
July 27, 2017
Trump choice for Fed board says he likes rule change ideas
Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where ...
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July 27, 2017
Wisconsin Economist Questions Foxconn Deal
Major economic incentives are part of the deal to lure FoxConn to southeastern Wisconsin, but the manufacturing jobs may not ...
July 27, 2017
European Commission clears DuPont deals linked to Dow merger
The European Commission has conditionally approved the sale by DuPont of part of its crop protection business to FMC Corp.
July 27, 2017
Branson sells stake in Virgin Atlantic in broader tie-up
Richard Branson is selling his majority stake in Virgin Atlantic. The billionaire entrepreneur's Virgin group announced ...
Martin Shkreli
July 28, 2017
Prosecutor: Martin Shkreli repeatedly lied to investors
Wealthy investors say former biotech CEO Martin Shkreli told them he was managing tens of millions of dollars' worth of ...
July 27, 2017
Marchionne says Fiat Chrysler could spin off more companies
Fiat Chrysler CEO Sergio Marchionne will make a final strategic plan presentation before handing over the reins next year, ...
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July 27, 2017
Pence: Senate Must Act To Repeal Obamacare
Addressing the National Federation of Independent Business, Vice President Mike Pence said the Senate has "an opportunity and ...
July 27, 2017
After scandal, UK-based Libor financial benchmark nears end
British regulators suggest that the end is near for Libor, the financial benchmark that was at the heart of a global ...
July 27, 2017
California woman sentenced for $1M Jazzercise embezzlement
A Southern California woman who embezzled about $1 million from the Jazzercise company has been sentenced to more than ...
July 27, 2017
UAE airline Etihad announces loss of $1.87B in 2016
The United Arab Emirates' flagship carrier Etihad said on Thursday it lost $1.87 billion in 2016, blaming "one-off impairment ...
July 27, 2017
World stocks mixed amid raft of corporate earnings
Global stocks were mixed on Thursday as investors digested a raft of corporate earnings results and the Federal Reserve's ...
July 27, 2017
South Korea's economy expands 2.7 percent in 2Q
The Bank of Korea said Thursday that South Korea's economy grew at a 2.7 percent annual pace during the April-June quarter ...
July 27, 2017
Nissan sales up but profit dips on costs, China slowdown
Japanese automaker Nissan Motor Co. says that despite strong overall sales its quarterly profit dipped in the last quarter, ...
July 27, 2017
Summer contracts bring jobless in Spain to lowest since '09
Official statistics show the number of unemployed in Spain fell below the 4 million mark for the first time in more than ...
July 27, 2017
Samsung soars, sidestepping jailing of chief, Note 7 fiasco
No leader and scorched Note 7 smartphones? No problem. After a tumultuous year of surreal corruption scandals involving ...
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