Economy News

January 17, 2019

Morgan Stanley's 4Q results miss forecasts, hurt by trading

Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt ...

January 17, 2019

Morgan Stanley 4Q profit, revenue hit by volatile markets

Morgan Stanley says fourth-quarter profit totaled $1.53 billion, more than double from the year-ago quarter. The New ...

January 17, 2019

Work on UK nuclear power plant halted over financing impasse

Work on a major new nuclear power station in Britain was suspended after the developer, Japan's Hitachi, said Thursday it had ...

January 17, 2019

China says economy czar to visit Washington for trade talks

The top U.S. and Chinese trade envoys will hold talks in Washington this month in a possible sign of progress toward ending ...

January 17, 2019

BOJ warns Japan faces new risks as population shrinks

Japan faces unforeseen risks in guiding economic policy as its population of about 126 million ages and declines, the ...

January 17, 2019

SpaceX to build Mars ships in Texas, not Los Angeles

SpaceX said Wednesday that it will build test versions of its Mars spaceship in south Texas instead of the Port of Los ...

January 17, 2019

The Latest: UK's May looks to rivals for Brexit's Plan B

The Latest on Brexit (all times local): 10:10 p.m. British Prime Minister Theresa May says she has started meeting leaders ...

January 17, 2019

John Bogle dies at 89; fought for lower fees for investors

When he lost his job running a mutual fund company after stocks tanked in the early 70's, John C. Bogle decided that money ...

January 17, 2019

Sri Lanka considers big China loan to repay foreign debts

Sri Lanka is considering a $300 million loan offer from the Bank of China as it prepares to repay foreign debts this year, ...

January 17, 2019

3 months after deadly NY crash, NTSB has yet to inspect limo

More than three months after 20 people died in a stretch limousine crash in rural upstate New York, federal safety ...

January 16, 2019

Sears survives a near-death experience, but for how long?

Sears will live on — at least for now. Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 ...

January 16, 2019

Hyundai, Kia recall vehicles due to increased fire risk

Despite a government shutdown, Hyundai and Kia are moving ahead with a recall of about 168,000 vehicles to fix a fuel pipe ...

January 16, 2019

Study: Top US firms are diversifying their boards faster

America's largest companies added women and minorities to their boards of directors at a faster pace over the past two years, ...

January 16, 2019

Fed survey finds businesses worried by political uncertainty

The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host ...

January 16, 2019

The Latest: Zimbabwe doctor group reports 68 gunshot wounds

The Latest on Zimbabwe protests (all times local): 10:50 p.m. In a grim recounting, the Zimbabwe Association of Doctors for ...

January 16, 2019

Jewelry stores make $11M settlement over credit practices

Officials say some well-known jewelry stores that promote sparkling romance engaged in credit practices that consumers might ...

January 16, 2019

Snap to lose chief financial officer, its 2nd in a year

The company behind Snapchat is losing its second financial chief in less than a year as the social media service confronts ...

January 16, 2019

Goldman's 4Q profits beat estimates, despite trading worries

Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult ...

January 16, 2019

Famed Naples pizzeria latest target of bombs linked to mob

A popular Naples pizzeria is the latest target of bombings in the area which Italian authorities have linked to mobsters.