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Economy News

August 04, 2020

Trumps slams NY probe as 'witch hunt' continued

President Donald Trump has dismissed reports of a NY prosecutor's attempts to get his tax returns, saying it is a ...

August 03, 2020

Trump fires TVA chair, cites foreign workers

President Donald Trump says he has fired the chair of the Tennessee Valley Authority, criticizing the federal-owned ...

August 03, 2020

Trump sets deadline for TikTok sale or shutdown

President Donald Trump sets a deadline for September 15th for Tik Tok, popular Chinese-owned video app , to be sold to a U.S.

August 03, 2020

Ferrari lowers guidance after Q2 profits nearly wiped out

Italian luxury sportscar maker Ferrari further lowered its full year earnings guidance on Monday after reporting ...

August 03, 2020

Lawmaker arrest spotlights UK Parliament’s sex abuse problem

The weekend arrest of a British lawmaker accused of rape and the sexual assault conviction of a former legislator last week ...

August 03, 2020

Today in History for August 3rd

Highlights of this day in history: Christopher Columbus sets sail; Europe slides further into World War I; A Cold War case ...

August 02, 2020

Siemens Healthineers to buy US cancer care firm Varian

Germany-based Siemens Healthineers said Sunday it will buy U.S. cancer therapy and research company Varian in a deal worth ...

Watchdog group: Trump campaign improperly masking payments

President Donald Trump’s reelection effort allegedly hid nearly $170 million in spending from mandatory public disclosure by ...

Moscow demands that Belarus free 33 detained Russians

The Kremlin demanded Friday that Belarus quickly release 33 Russian private security contractors it detained on terrorism ...

Rep. Karen Bass emerges as a leading VP contender

California congresswoman Karen Bass has emerged as a leading contender to be the Democrats' vice presidential candidate.

Los Angeles' first Olympics set template for future Games

Even though the 1932 Summer Olympics were held during the Great Depression, Los Angeles first chance to host the Games still ...

Kodak lands loan to bolster US-produced drug supply

Eastman Kodak will receive a federal loan of $765 million to help reduce reliance on other countries for ingredients in ...

Judge: Purdue Pharma must halt some political contributions

A federal bankruptcy judge ruled Tuesday that OxyContin maker Purdue Pharma can't make any more contributions to partisan ...

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty ...

Turkey to suspend research in waters disputed with Greece

Turkey will suspend research for oil and gas exploration in disputed waters in the Eastern Mediterranean that abruptly raised ...

Graft verdict for Malaysia ex-leader a test of rule of law

After years of insisting on his innocence, former Malaysian leader Najib Razak learns his fate this week in his first ...

Putin attends naval parade, promises new ships to navy

President Vladimir Putin said the Russian navy will get 40 new ships and vessels this year, as he attended a naval parade in ...

Machinists union president rallies striking shipyard workers

The international president of the Machinists union rallied striking workers at Bath Iron Works on Saturday, urging them to ...

Hedge fund to pay $312M for McClatchy newspaper chain

Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy ...

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping ...

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