Economy News

September 14, 2020

Facebook to buy REI’s new headquarters near Seattle

Facebook will buy REI’s new and unused Bellevue campus for nearly $368 million, the social media giant said on Monday.

September 14, 2020

Verizon to buy prepaid phone seller Tracfone for up to $6.9B

Verizon, the country's largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its ...

September 14, 2020

Thai court allows Thai Airways to file for reorganization

Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit ...

September 12, 2020

More than 50 killed at collapsed gold mine in eastern Congo

More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in ...

September 11, 2020

Consumer prices up 0.4% in August as used car prices surge

U.S. consumer prices rose 0.4% in August as used car prices surged by the largest amount in 51 years, the Labor Department ...

September 11, 2020

Hyundai warns owners to park outside, recalls 180,000 SUVs

For the second time this month, Hyundai is telling some SUV owners to park outdoors because an electrical short in a computer ...

September 11, 2020

Rio Tinto CEO to leave over destruction of Indigenous sites

Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction ...

September 11, 2020

Las Vegas shooting victims closer to getting $800M payout

More than 4,400 relatives and victims of the deadliest mass shooting in recent U.S. history could receive a total of $800 ...

September 10, 2020

Jane Fraser to become Citi CEO; 1st woman to lead major bank

Citigroup's Jane Fraser will become the first woman to ever lead a Wall Street bank when she succeeds CEO Michael Corbat in ...

September 09, 2020

Companies pledge to add at least 1 Black director to board

More than a dozen companies, including Zillow and M.M.LaFleur, are promising to add at least one Black director to their ...

September 09, 2020

LVMH drops $14.5B deal for Tiffany, cites US tariffs threat

Luxury goods giant LVMH is ending its takeover deal of luxury jewelry retailer Tiffany & Co., saying the French government ...

September 08, 2020

As EU talks resume, UK says it could break international law

The U.K. indicated Tuesday that it was prepared to break an international agreement as post-Brexit trade discussions with the ...

September 08, 2020

Campaign to succeed PM Abe as party leader begins in Japan

The official campaigning to head Japan's ruling party began Tuesday, with outgoing Prime Minister Shinzo Abe's longtime ...

September 08, 2020

Samsung wins $6.6 billion Verizon contract for 5G network

Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal ...

September 06, 2020

Fire on oil tanker off Sri Lanka extinguished after 3 days

A fire on a large oil tanker drifting off Sri Lanka's coast was extinguished on Sunday after burning for three days, as a ...

September 06, 2020

Erdogan raises rhetoric in Greece standoff in Mediterranean

Turkish President Recep Tayyip Erdogan on Saturday warned Greece to enter talks over disputed eastern Mediterranean ...

September 05, 2020

Gas pipeline blast kills 16 praying at Bangladesh mosque

An underground gas pipeline near a mosque exploded during evening prayers outside Bangladesh's capital, leaving 16 Muslim ...

September 05, 2020

Hyundai now says recalled vehicles should be parked outside

Hyundai has reversed itself on a recall to fix a defect that could cause engine fires and is now telling owners of more than ...