Economy News

September 18, 2019

California store paying $1.2M to settle sex-assault claims

A Northern California store as agreed to pay $1.2 million to settle claims that a supervisor sexually assaulted employees in ...

September 18, 2019

Program lends hand to low-income animal owners

A nationwide program is providing aid to pet owners in low-income neighborhoods to reduce the number of animals sent to ...

September 18, 2019

South Korea downgrades Japan trade status as dispute deepens

South Korea on Wednesday dropped Japan from a list of countries receiving fast-track approvals in trade, a reaction to ...

September 18, 2019

Air China jet returns to Dulles after engine fire reported

Officials say an Air China jet bound for Beijing made an emergency return Tuesday to Dulles International Airport after ...

September 18, 2019

FedEx profit falls, company cites uncertainty over trade

Profit at FedEx fell 11% in its fiscal first quarter, as the package delivery company was buffeted by slower economic growth ...

September 18, 2019

Progress reported in contract talks between GM, union

Faced with weakening sales, a deteriorating global economy and an unpredictable trade war, General Motors and striking auto ...

September 17, 2019

Trump outpaces Obama, Bush in naming ex-lobbyists to Cabinet

In less than three years, President Donald Trump has named more former lobbyists to Cabinet-level posts than his most recent ...

September 17, 2019

WeWork delays its IPO amid tepid investor interest

WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for ...

September 17, 2019

The Latest: Official says at least 22 killed in Kabul attack

The Latest on developments in Afghanistan (all times local): 5:40 p.m. An Afghan official says at least 22 people including ...

September 17, 2019

Greek island ferry crews to launch 24-hour strike Sept. 24

Ferry services to Greek popular island destinations face severe disruptions next week due to a strike called by the country's ...

September 17, 2019

US factory production rose at healthy pace in August

U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery ...

September 17, 2019

World's top brewer revives listing plans, halves IPO size

AB InBev, the world's largest brewer that produces Budweiser and Corona, on Tuesday revived plans to list its Asian business ...

September 17, 2019

Hong Kong leader: PR firms decline to restore city's image

Hong Kong leader Carrie Lam said Tuesday that international public relations firms have turned down the government's requests ...

September 17, 2019

Asian shares mixed, Hong Kong skids after Moody's downgrade

Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody's ...

September 17, 2019

Chinese envoy going to US to prepare for trade talks

A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows ...

September 17, 2019

Asian shares weaker after spike in crude oil rattles market

Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude ...

September 17, 2019

Oil prices jump as attack on Saudi plant jolts supply

Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the ...

September 16, 2019

GM walkout brings factories and warehouses to a standstill

More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 ...