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Economy News

February 26, 2020
Peugeot maker sees record profit, but virus clouds horizon
Despite record profits last year, Peugeot maker PSA Group said Wednesday it lost 700 million euros ($760 million) in China ...
February 26, 2020
China sentences Swedish bookseller to 10 years in prison
A court in eastern China has sentenced a Swedish seller of books that took a skeptical look at the ruling Communist Party to ...
February 25, 2020
Strong fourth quarter for Macy's heading to transition year
Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major ...
February 25, 2020
Trump defends Modi, refuses to weigh in on citizenship law
Defending the host who has showered him with pageantry, President Donald Trump refused Tuesday to speak out publicly against ...
February 25, 2020
US consumer confidence rises slightly to 130.7 in February
U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August.
February 25, 2020
Home Depot's same-store sales surge in final quarter of 2019
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer ...
February 25, 2020
Thomson Reuters names Hasker as CEO, Eastwood as CFO
Thomson Reuters says Steve Hasker will become its new CEO, succeeding Jim Smith. The company also announced Tuesday that Mike ...
February 25, 2020
Mastercard names insider as new CEO
Mastercard is naming an insider as its new CEO. Michael Miebach, who is currently the company's chief product officer, will ...
February 25, 2020
TurboTax maker Intuit buying Credit Karma in $7.1B deal
Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into ...
February 24, 2020
OxyContin maker Purdue Pharma starts ad campaign for claims
OxyContin maker Purdue Pharma launched an ad campaign Monday to tell people harmed by their powerful prescription opioid ...
February 24, 2020
UN chief issues 7-point 'call to action' on human rights
The head of the United Nations issued a “call to action” on Monday to countries, businesses and all people to help renew and ...
February 23, 2020
Report says Intuit nearing $7 billion deal for Credit Karma
Intuit Inc. is reportedly close to a $7 billion deal to acquire personal-finance portal Credit Karma Inc. and beef up its ...
February 22, 2020
Opioid settlement still elusive as some lawyers criticize it
State attorneys general are finding a national settlement over the toll of opioids to be elusive, as some lawyers for state ...
February 22, 2020
Debris found in fuel tanks of 70% of inspected 737 Max jets
Debris has been found in the fuel tanks of 70% of grounded Boeing 737 Max jets that have been inspected by the company, ...
February 22, 2020
Probe finds sexual, physical abuse at school for the deaf
An investigation has revealed multiple credible allegations of sexual and physical abuse by former faculty and staff spanning ...
February 22, 2020
Deere sees some stability on farms in bruising trade fight
Deere & Co. had a surprisingly strong first quarter after an extended period in which the tractor and construction equipment ...
February 21, 2020
UK's Prince Harry, Meghan, abandon use of SussexRoyal brand
Prince Harry and his wife, Meghan, have abandoned plans to use the "SussexRoyal" brand after they step back from royal duties
February 21, 2020
First Solar, TrueCar fall; Deere, Dropbox rise
Stocks that moved heavily or traded substantially on Friday: Deere & Co., up $11.60 to $177.43. The farming machinery maker ...
February 21, 2020
US home sales fell 1.3% in January
U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases ...
February 21, 2020
Watchdog toughens global financial scrutiny of Iran
An international agency monitoring terrorism funding announced tough new financial scrutiny of Iran on Friday and added seven ...
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