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Economy News

October 24, 2019

South Korean prosecutors arrest ex-minister's wife

Prosecutors on Thursday arrested the wife of South Korea's former justice minister who resigned last week over corruption ...

October 24, 2019

Protests rage in Chile despite president's reform promise

Tens of thousands of protesters swarmed Chile's capital setting up fiery barricades and clashing with riot police Wednesday, ...

October 24, 2019

Tesla's stock soars after company posts surprising 3Q profit

Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally ...

October 24, 2019

Ford 3Q profit falls nearly 60% on restructuring costs

Ford Motor Co.'s third-quarter net income tumbled nearly 60% as the company booked $1.5 billion in charges mainly for ...

October 23, 2019

Microsoft racks up more cloud customers

Microsoft on Wednesday reported its latest solid quarterly report card to Wall Street, buoyed by another round of business ...

October 23, 2019

Marketing CEO gets 3 weeks for cheating on son's ACT exam

A California marketing executive and author was sentenced Wednesday to three weeks in prison for paying $50,000 to cheat on ...

October 23, 2019

Slowing global growth hits Caterpillar in 3Q

A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and ...

October 23, 2019

Branson: Brexit 'saddest' event for UK since World War II

Virgin Group founder Richard Branson says Brexit is the "saddest thing" that's happened to Britain and Europe since World War ...

October 23, 2019

Johnson's future, and UK's, rests on EU move on Brexit delay

Prime Minister Boris Johnson has long argued that Brexit will let Britain "take back control" from the European Union.

October 23, 2019

Boeing costs for 737 Max jump, profit falls short in 3Q

Boeing signaled Wednesday that it is close to completing its fix to the 737 Max and still expects it to be approved to fly ...

October 23, 2019

Jamaican citizens sue exclusive Yellowstone Club over wages

Five Jamaican citizens who were recruited to work at a Montana ski resort for the ultra-rich just north of Yellowstone ...

October 23, 2019

Ukraine's president urges lawmakers to take polygraph test

Ukraine's president on Wednesday urged a group of lawmakers to take a lie detector test to show they are not involved in a ...

October 23, 2019

The Latest: Lawmaker urges EU to give UK a Brexit extension

The Latest on Britain's impending departure from the European Union (all times local): 11:55 a.m. European Parliament ...

October 23, 2019

WeWork co-founder pushed aside in $5B SoftBank takeover

WeWork is accepting a financial rescue package that hands control of the company to Japanese tech giant SoftBank and pushes ...

October 23, 2019

The Latest: EU Council president will recommend Brexit delay

The Latest on Brexit (all times local): 9:35 p.m. European Council President Donald Tusk says he will recommend that the EU ...

October 23, 2019

For toymaker Hasbro, trade wars are no fun

Shares of Hasbro plunged Tuesday after the company revealed that the trade war is wreaking havoc on its supply chain and ...

October 23, 2019

Nike CEO Mark Parker to step down in January

Nike said Tuesday that its longtime CEO Mark Parker is stepping down early next year. He will be replaced by board member ...

October 23, 2019

Swiss file their 1st charges in Petrobras-Odebrecht scandal

Swiss prosecutors said Tuesday that they have filed their first indictment in investigations related to the big Brazilian ...

October 22, 2019

Autoworkers from closed plants fight new GM contract

If they can close our plant, they can close yours, too. That's the message from workers at three shuttered General Motors ...

October 22, 2019

Demand for fast, online delivery drives UPS 3Q

UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the ...

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