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Economy News

Gregory Rowe

Indexes turn higher on Wall Street, erasing early losses

U.S. stocks are pushing higher Wednesday afternoon as the market recovers from a sharp loss the day before. Energy companies ...

Twitter is profitable again in 1Q, Wall Street not impressed

Twitter has remained largely outside of the crosshairs of Congress over the privacy issues that have tripped up Facebook, but ...

Facebook launches transparency tool before Irish referendum

Facebook is launching a pilot program in Ireland ahead of a referendum on abortion which it hopes will ensure greater ...

Strong travel demand lifts Boeing in first quarter

Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street ...

Global stocks slide, futures point to weak Wall Street open

Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the ...

Airbus, Dassault to develop new European fighter jet

European plane maker Airbus and France's Dassault Aviation have agreed to join forces in developing and producing a new ...

Comcast

Strong 1st quarter from Comcast, and a $30B bid for Sky

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for ...

Drugmaker Takeda agrees to buy Shire for $64 billion

Japanese drugmaker Takeda has reached a tentative agreement to buy Ireland-based Shire for 46 billion pounds ($64 billion) ...

Germany trims 2018 growth forecast, but outlook still strong

The German government trimmed its economic growth forecast for this year to 2.3 percent on Wednesday, though it said the ...

China says it welcomes visit by US officials amid trade spat

China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing ...

Mick Mulvaney

Consumer watchdog becomes alphabet soup of controversy

The Consumer Financial Protection Bureau is dead. Long live the Bureau of Consumer Financial Protection. That's the message ...

Diet Coke grows for first time in 8 years after makeover

Diet Coke's makeover, which put the sugar-free drink in skinny colorful cans, helped the low-calorie brand sell more soda in ...

US consumer confidence rebounds in April

American consumers were feeling more confident in April, rebounding to a level close to the 18-year high it had reached two ...

Caterpillar

Caterpillar 1Q profit surges on equipment sales

A boost in equipment sales propelled Caterpillar's first-quarter profit, as a strong global economy helped support ...

US sales of new homes shot up 4 percent in March

Sales of new U.S. homes jumped 4 percent in March, propelled by a surge of buying in the West. The Commerce Department said ...

Jacinda Ardern, Clarke Gayford

New Zealand leader triumphs abroad, faces pressures at home

As citizens of a small and isolated nation, New Zealanders often seek validation from abroad. By that measure, Prime Minister ...

Chipmaker SK Hynix reports 64 percent jump in 1Q earnings

SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory ...

Elaine Wynn

Elaine Wynn asks shareholders to oust board member

The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking the removal of one ...

Sears' biggest shareholder offers to buy Kenmore brand

Sears' biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, ...

With lights from Toys R Us dimmed, sales plunge at Hasbro

With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony ...

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