Economy News

December 12, 2019

Boeing executives meet with head of FAA over grounded plane

Two top Boeing executives met Thursday with Federal Aviation Administration chief Stephen Dickson amid signs of further ...

December 12, 2019

Southwest to share $125M from Boeing settlement with workers

Southwest Airlines will share about $125 million with its employees after reaching a partial settlement with Boeing over ...

December 12, 2019

US long-term mortgage rates rise; 30-year loan at 3.73%

U.S. long-term mortgage rates rose this week. Still, rates remain at historically low levels as a lure to prospective ...

December 12, 2019

Happy contrails ... Delta sees strong 2020 profit, revenue

Delta Air Lines, the most profitable U.S. carrier, expects profits and revenue to increase next year on sustained demand for ...

December 12, 2019

Saudi Aramco inches near $2 trillion in day 2 of trading

Shares in Saudi Aramco gained on the second day of trading Thursday, propelling the oil and gas company to a near $2 trillion ...

December 12, 2019

Wholesale prices unchanged in November as energy prices cool

U.S. wholesale prices were unchanged in November as the rise in energy costs slowed following a big gain in the previous ...

December 12, 2019

Ex-Turkish prime minister forms party challenging Erdogan

A former Turkish prime minister established a new political party on Thursday, in a move that represents a challenge to ...

December 12, 2019

Wealthy German family gives millions to Holocaust survivors

One of Germany’s richest families, which owns Krispy Kreme Doughnuts, Pret A Manger and other international brands, is giving ...

December 12, 2019

EU to boost measures to protect trade after WTO impasse

The European Union says it is taking measures to protect its trade interests in the ongoing row with the United States over ...

December 12, 2019

Weinstein reaches tentative $25M deal with accusers

A tentative $25 million settlement revealed Wednesday to end nearly every sexual misconduct lawsuit brought against Harvey ...

December 12, 2019

Toyota North America CEO Jim Lentz to retire after 38 years

He was the face of Toyota in the U.S. during the automaker's unintended-acceleration crisis. He steered it through the Great ...

December 11, 2019

Saudi stock offering creates world's most valuable company

Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made ...

December 11, 2019

Leaders scramble for final votes as UK's ugly election ends

Britain’s election has been like the country’s late-autumn weather: chilly and dull, with blustery outbursts. On the last day ...

December 11, 2019

Firm hands out $10M in holiday bonuses to 198 employees

A commercial real estate developer is handing out a total of $10 million in bonuses to its 198 employees. WTOP reported ...

December 11, 2019

FAA analysis predicted many more Max crashes without a fix

After the first crash of a Boeing 737 Max last year, federal safety officials estimated that there could be 15 more fatal ...

December 11, 2019

Former Boeing manager urges plant investigation

A retired Boeing production manager told the lawmakers about “alarming” conditions at Boeing's 737 factory in Renton, ...

December 11, 2019

Parents of girl who fell to her death sue cruise company

The Indiana parents of a toddler who fell to her death out of an open cruise ship window in Puerto Rico filed a lawsuit ...

December 11, 2019

Indie booksellers persevere despite Amazon, rising costs

Pete Mulvihill has felt optimistic enough about selling books that he bought a third bookstore within the past two months.

December 11, 2019

YouTube cracks down on racist, sexist and similar insults

YouTube is taking another step to curb hateful and violent speech on its site. The video streaming company said it will now ...