Economy News

September 15, 2019

UAW contract with GM expires, increasing risk of strike

The four-year contract between General Motors and the United Auto Workers has expired as negotiations on a new deal continue.

September 15, 2019

The Latest: US 'ready' to deploy resources from reserves

The Latest on the explosion and fire at a major oil facility in Saudi Arabia (all times local): 3:10 a.m. The U.S.

September 15, 2019

Saudi Arabia: Drone attacks knocked out half its oil supply

Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil ...

September 15, 2019

Auto workers union sets stage for possible strike against GM

A top United Auto Workers official said the union and General Motors are far apart on major issues, increasing the likelihood ...

September 14, 2019

Mine shutdowns in top US coal region bring new uncertainty

At two of the world's biggest coal mines, the finances got so bad that their owner couldn't even get toilet paper on credit.

September 14, 2019

Warren has own plan for everything, though not health care

Elizabeth Warren has a plan for that. But on health care, she's with Bernie. Warren, a Massachusetts senator and a leading ...

September 14, 2019

NY finds $1B in hidden transfers by family behind OxyContin

The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, ...

September 14, 2019

States split by party on accepting Purdue Pharma settlement

The opioid crisis has hit virtually every pocket of the U.S., from rural towns in deeply conservative states to big cities ...

September 14, 2019

J.Crew's Madewell brand files for IPO

Madewell, the fast-growing brand owned by J.Crew, has filed to become its own separate public company. Known for its jeans, ...

September 13, 2019

WeWork to list shares on Nasdaq, reduce CEO's voting power

WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list ...

September 13, 2019

US retail sales rise moderately as auto-buying jumps

U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that ...

September 13, 2019

Correction: Opioids Crisis-Bankruptcy-Q&A story

In a story Sept. 12 about the impact of a possible Purdue Pharma bankruptcy on the Sackler family, The Associated Press ...

September 13, 2019

UPS to pay $8.4M to settle claim of overcharging government

The Justice Department says United Parcel Service Inc. must pay $8.4 million to settle allegations that the company was ...

September 13, 2019

Johnson, Juncker to meet in a bid for a Brexit breakthrough

British Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker will hold talks next week to try ...

September 13, 2019

The Latest: EU's Juncker not optimistic about Irish border

The Latest on Brexit (all times local): 4:10 p.m. A German radio station is reporting that European Commission President ...

September 13, 2019

Paris hit with massive public transport strike

The biggest strike to hit Paris public transport in more than a decade disrupted tourists' plans Friday and forced commuters ...

September 13, 2019

US long-term mortgage rates rise, with 30-year at 3.56%

U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said ...

September 12, 2019

Senate approves Trump nominee Bowman for Federal Reserve

The Senate on Thursday confirmed President Donald Trump's nominee Michelle Bowman to serve a full 14-year term on the ...

September 12, 2019

Johnson denies lying to queen, wins Brexit court case

The British government insisted Thursday that its forecast of food and medicine shortages, gridlock at ports and riots in the ...

September 12, 2019

Central Europe happy with roles in new EU commission

The prime ministers of four Central European countries say they are satisfied with the role of their countries' ...