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Economy News

October 18, 2017
Banks lead US stocks higher in midday trading; IBM surges
Financial companies led U.S. stocks higher in midday trading Wednesday, putting the major indexes on track to set new records
October 18, 2017
Xi urges stronger Chinese stand against 'grim' challenges
Chinese President Xi Jinping on Wednesday urged a reinvigorated Communist Party to take a stronger role in society and ...
October 18, 2017
Saudi carrier launches direct flight to Iraq after 27 years
Saudi budget-carrier flynas on Wednesday launched the first direct flight between the kingdom and Iraq since the Gulf War 27 ...
October 18, 2017
US home construction tumbled 4.7 percent in September
Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both ...
October 18, 2017
Berlusconi stumps for referendums in 2 Italian regions
Former Italian Premier Silvio Berlusconi has thrown his political weight behind a referendum on autonomy in his native region ...
October 18, 2017
Norwegian firms signs $3B deal with Iran for solar panels
Norwegian solar panel maker Saga Energy has signed a deal worth 2.5 billion euros ($2.9 billion) with Iran's state-owned ...
October 18, 2017
The Latest: Catalan official rules out holding new election
The Latest on the Spain-Catalonia political crisis (all times local): 2 p.m. A top Catalan official is ruling out the ...
October 18, 2017
ECB chief: Market reforms must promote growth for all
European Central Bank head Mario Draghi says governments must ensure that pro-business reforms create economic benefits for ...
October 18, 2017
EU air safety body urges halt on use of Kobe Steel products
The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products when possible.
October 18, 2017
UK wages continue to lag inflation despite low unemployment
Official figures show that household incomes in Britain continue to be squeezed even though the country's unemployment rate ...
October 18, 2017
Amazon has brought benefits - and disruption - to Seattle
Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas. For years, much ...
October 18, 2017
Dutch company AkzoNobel profit falls 24 pct in tough market
Dutch paints and chemicals company AkzoNobel says its net profit fell by 24 percent in the third quarter to 216 million euros ...
October 18, 2017
Utility scrutinized as California wildfire victims sue
Northern California homeowners allege in a lawsuit filed Tuesday that Pacific Gas & Electric Co. failed to adequately protect ...
October 18, 2017
10 Things to Know for Wednesday
Your daily look at late-breaking news, upcoming events and the stories that will be talked about Wednesday: 1. KEY SENATORS ...
David Shulkin
October 17, 2017
VA seeks 'narrow' exemption to for-profit college ethics law
The Department of Veterans Affairs said Tuesday it would proceed with a narrow waiver to an ethics law banning VA employees ...
October 17, 2017
'Praying to have business': Workers hit hard by wildfires
Outside one of the first shops to reopen for business on an empty central square in California wine country, clerk Rhiannon ...
October 17, 2017
Airbus notches win over rival Boeing with Bombardier deal
Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border. The European ...
October 17, 2017
Johnson & Johnson tops Street 3Q forecasts, hikes forecast
Higher spending across the board drove Johnson & Johnson's third-quarter profit down 12 percent, despite a big sales jump ...
October 17, 2017
UnitedHealth beats 3Q forecasts, helped by Optum growth
UnitedHealth Group's third-quarter earnings soared 26 percent to beat Wall Street expectations as the nation's largest health ...
October 17, 2017
6 killed in Turkey coal mine collapse
A coal mine collapsed in southeast Turkey on Tuesday, killing at least six miners. Rescuers were trying to reach one other ...
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