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Economy News

August 22, 2019
Revenues up for Dubai's global port firm DP World
Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and ...
August 22, 2019
Trump flip-flops on tax cuts, saying US has 'strong economy'
A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would ...
August 21, 2019
$248 million settlement reached with Chinese drywall maker
A proposed $248 million settlement has been filed in a decade-old federal court case over defective Chinese drywall blamed ...
August 21, 2019
Retailers' results show sharp divide between losers, winners
The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of ...
August 21, 2019
Iceland's leader won't be around to welcome Pence
Iceland's leader has announced that she will skip U.S. Vice President Mike Pence's visit to her Nordic nation, opting instead ...
August 21, 2019
AP Top Stories 21 A
Here's the latest for Wednesday, August 21st: Trump insists US has strong gun background checks; Australian court upholds ...
August 21, 2019
US has 501,000 fewer jobs than first reported
The U.S. job market isn't quite as strong as originally believed — with revised figures showing that the economy had 501,000 ...
August 21, 2019
Shootings raise level of alarm at small businesses
At a four-hour meeting last month, Michelle Abdow's staffers got to experience some of the sights, sounds and even smells ...
August 21, 2019
US home sales rose 2.5% in July, aided by low mortgage rates
U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National ...
August 21, 2019
China says it will sanction US firms in Taiwan warplane sale
China said Wednesday that it will levy sanctions against U.S. companies linked to a planned $8 billion sale of advanced F-16V ...
August 21, 2019
Target thrives in intense retail environment
Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for ...
August 21, 2019
Walmart sues Tesla for solar panels that went up in flames
Walmart sued Tesla for "gross negligence" on Tuesday, saying that the electric car company's energy division installed solar ...
August 21, 2019
Migrant children programs report drivers harassing buses
Officials say drivers have been following and harassing buses transporting the children of seasonal and migrant farmworkers ...
August 21, 2019
San Francisco airport begins plastic bottle ban
San Francisco International Airport is rolling out a ban on the sale of some plastic water bottles. Passengers are being ...
August 20, 2019
Justice Department sues to block merger of airline IT firms
The Justice Department is suing to block Sabre Corp. from buying Farelogix, a rival provider of technology services to ...
August 20, 2019
Execs starting to worry about tariffs' effects on consumers
Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that ...
August 20, 2019
New Argentina treasury minister guarantees peso stability
Argentina will guarantee the stability of the peso after the local currency's recent crash and the government will meet its ...
August 20, 2019
Panel takes troubled Dubai developer's disputes in downturn
A special committee will "resolve multiple disputes" involving a Dubai government-owned developer that faces a series of ...
August 20, 2019
UAE expands taxes to target vaping and more sugary drinks
The United Arab Emirates will start taxing vaping devices and e-cigarettes at 100% and all sugary drinks at 50% as economic ...
August 20, 2019
Top US CEOs rethink the meaning of shareholder value
The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most ...
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