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Economy News

January 29, 2020
Russia rescues 536 fishermen stranded on giant ice floe
In a nearly seven-hour operation, Russia's emergency services rescued 536 ice fishermen after they got stranded on a giant ...
January 29, 2020
Germany raises 2020 growth forecast slightly to 1.1%
The German government on Wednesday modestly raised its economic growth forecast for the country this year to 1.1%.
January 29, 2020
CEO of L Brands may step down from post, report says
The CEO of the parent company for Victoria's Secret, Bath & Body Works and other stores is in talks to step down from the top ...
January 29, 2020
Lee Enterprises makes $140M deal to buy Berkshire newspapers
Lee Enterprises will buy Berkshire Hathaway's BH Media Group publications and The Buffalo News for $140 million, the company ...
January 29, 2020
Boeing posts first annual loss since 1997 as Max costs rise
Boeing posted its first annual loss in more than two decades as the financial fallout from two deadly crashes of its marquee ...
January 29, 2020
McDonald's wraps up tumultuous year on a strong note
McDonald's is wrapping up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant ...
January 29, 2020
Britain's EU Journey: When Johnson gambled to deliver Brexit
Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the ...
January 29, 2020
World shares mostly higher after rebound on Wall Street
Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a ...
January 29, 2020
Apple holiday season tops projections as iPhone bounces back
Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity ...
January 29, 2020
Nissan to offer severance packages to older US workers
Slumping Nissan Motor Co. is offering voluntary separation packages to many of its U.S. workers as it tries to resize itself ...
January 29, 2020
Starbucks' results top estimates but coronavirus slows sales
It was a happy holiday at Starbucks, but the company's sales momentum could start to slow due to the coronavirus outbreak in ...
January 28, 2020
In grinding manufacturing slump, 3M cuts another 1,500 jobs
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of ...
January 28, 2020
Pfizer posts 4Q loss, misses Street views, on lower revenue
Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and ...
January 28, 2020
Tailgate woes cause Ford F-150 recall in Canada, but not US
Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical ...
January 28, 2020
US consumer confidence shows solid gain in January
U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference ...
January 28, 2020
Orders for US durable goods advance 2.4% in December
Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft ...
January 28, 2020
'Confused and angry': Brexit unsettles EU citizens in the UK
Anxious, angry, abandoned. Brexit elicits strong emotions, and as Britain’s departure from the European Union approaches, ...
January 27, 2020
Britain's EU Journey: When Brexit won the battle of Europe
Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the ...
January 27, 2020
US new-home sales slipped 0.4% in December
U.S. sales of newly built homes fell 0.4% in December, cooling slightly after low mortgage rates fueled gains for much of ...
January 27, 2020
India plans sale of debt-laden national carrier Air India
India said Monday it plans to sell its entire 100% stake in the national carrier Air India to shore up falling government ...
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