Economy - Business: Breaking news and opinions

Economy

September 29, 2016

Average US 30-year mortgage rate slips to 3.42 percent

Long-term U.S. mortgage rates slipped this week to the lowest level since mid-July. Mortgage giant Freddie Mac says the ...

September 29, 2016

Emergency Workers on Scene at NJ Train Crash

A commuter train plowed into the bustling Hoboken rail station during the morning rush hour Thursday, killing at least one ...

September 29, 2016

NJ Transit: 100+ Injured in Hoboken Train Crash

A New Jersey Transit spokeswoman says that more than 100 people were injured, some critically, when a commuter train plowed ...

September 29, 2016

Economic growth in sub-Saharan Africa to fall to 1.6 percent

A new World Bank report says economic growth across sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the ...

September 29, 2016

US pending home sales slump in August

Fewer Americans signed contracts to buy homes in August, as a shortage of properties for sale is weighing on the market.

September 29, 2016

Italy's Novamont invests $112 million in biochemical plant

The Italian biochemical company Novamont on Thursday unveiled the first plant in the world to make a chemical compound used ...

September 29, 2016

Herbal supplement maker agrees to quality control measures

New York's attorney general says the state has reached an agreement with an herbal supplement maker to implement new quality ...

September 29, 2016

US economy grew at 1.4 percent rate in spring

The U.S. economy expanded at a slightly faster pace in the spring than previously reported, aided by new-found strength in ...

September 29, 2016

PepsiCo's drinks, snacks boost sales in North America

PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a ...

September 29, 2016

Germany's Commerzbank to cut 7,300 jobs in restructuring

German lender Commerzbank says it expects to cut a net 7,300 full time jobs as part of a restructuring to concentrate on its ...

September 29, 2016

75,000 could starve to death in Nigeria after Boko Haram: UN

As many as 75,000 children will die over the next year in famine-like conditions created by Boko Haram if donors don't ...

September 29, 2016

Minorities Hopeful, Whites Sour on Future

Divided America: This year’s presidential campaign has underscored an economic paradox. Financially, black Americans and ...

September 28, 2016

California suspends some Wells Fargo business amid scandal

California's treasurer said Wednesday that he's suspending some of the state's most profitable lines of business with Wells ...

September 28, 2016

Kerry's Vigorous Defense of TPP Trade Deal

U.S. Secretary of State John Kerry is urging Congress to adopt a landmark 12-nation Asia-Pacific trade deal, the Trans ...

September 28, 2016

Yellen: Rate Hike Likely Appropriate this Year

Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates ...

September 28, 2016

Air rage incidents reported by airlines on the rise

Incidents of unruly passengers on planes are increasing, and more effective deterrents are needed to tackle the problem, a ...

September 28, 2016

Honda says Takata air bag ruptured in Malaysia crash, 1 dead

Japanese automaker Honda said Wednesday a Takata air bag ruptured in a crash in Malaysia which killed the driver, in the ...

September 28, 2016

Ford recalls Focus hatchbacks for latch release problem

Ford is recalling about 74,000 Focus hatchback cars with manual transmissions in the U.S. and Canada because the hatches can ...

September 28, 2016

Orders for US durable goods slipped slightly in August

U.S. factories saw slightly fewer orders for big-ticket manufactured goods in August, with a decline in aircraft orders ...

September 28, 2016

Qatar Airways, BA parent IAG set up revenue-sharing deal

Qatar Airways and the parent of British Airways are setting up a revenue-sharing business partnership. Qatar Airways and BA ...