Economy News

November 21, 2018

Migrants forced off ship after refusing to return to Libya

Libyan authorities forcibly removed dozens of migrants who had barricaded themselves in a container ship in the port city of ...

November 21, 2018

Asian shares fall on sign of escalating US-China tensions

Asian markets fell on Wednesday after a trade dispute between the U.S. and China stalled a weekend meeting, dimming hopes ...

November 21, 2018

'We need hundreds': Fire victims' families urged to give DNA

Authorities are using a powerful tool in their effort to identify the scores of people killed by the wildfire that ripped ...

November 21, 2018

Ferragamo profits slump on lower footwear sales

The Salvatore Ferragamo fashion house says earnings in the first nine months of the year were down 17.5 percent as sales of ...

November 21, 2018

Possible Russian president of Interpol raises alarm in West

Interpol is facing a pivotal — some say possibly fatal — moment in its history as members decide whether to hand its ...

November 20, 2018

Lowe's reports disappointing sales; to exit Mexico

Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico ...

November 20, 2018

Shoppers spend freely heading into the holidays

Shoppers are spending freely heading into the holidays, but heavy investments and incentives like free shipping by retailers ...

November 20, 2018

Saks accused of race, age discrimination in lawsuit

Eight former employees at the Saks Fifth Avenue flagship store filed a race and age discrimination lawsuit Tuesday against ...

November 20, 2018

Former Toys R Us workers to get $20M in hardship fund

Two private equity owners of the iconic Toys R Us toy chain have set up a $20 million hardship fund for the thousands of ...

November 20, 2018

US home construction rose 1.5 percent in October

U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family ...

November 20, 2018

Bank of England preparing Brexit deal verdict next week

Bank of England Governor Mark Carney gave a guarded welcome to Prime Minister Theresa May's Brexit deal as he confirmed the ...

November 20, 2018

Target's investments in the future hits margins

Target's ramped up investments online and in stores are bringing in shoppers, but they're bruising the bottom line right now.

November 20, 2018

South African president praises German investment

South Africa's president says Germany is an important economic partner which he hopes will expand its investment here.

November 20, 2018

Global stocks slide as futures point to Wall Street drop

World stocks slid Tuesday and Wall Street was expected to drop again amid concerns about the tech sector dragged down U.S.

November 20, 2018

Pilot union says it wants to help reduce delays on American

Union leaders say pilots will push American Airlines for more pay and schedule changes that they believe will reduce chronic ...

November 20, 2018

Brazil's Petrobras to be led by privatization advocate

Brazil's President-elect Jair Bolsonaro on Monday named Roberto Castello Branco, a pro-market reformer, as future chief ...

November 19, 2018

General Electric shuffles management at power unit

General Electric Co. is shuffling leadership in its struggling power unit, part of the company's ongoing effort to slim down ...

November 19, 2018

Subway workers to stage strike in Romanian capital

Subway workers in the Romanian capital will go on strike this week after they failed to win an agreement on wage demands.

November 19, 2018

Trade tensions continue to weigh on global markets

Global stock markets traded in fairly narrow ranges Monday amid continuing trade tensions. French carmaker Renault saw its ...