Economy News

September 17, 2018

Libya authorities close Tripoli's only airport over safety

Libyan authorities have closed the capital Tripoli's only functioning airport, diverting traffic to another one at the nearby ...

September 17, 2018

Wall Street salaries highest since 2008 crisis, report finds

Salaries on Wall Street rose last year to their highest level since the 2008 financial crisis, according to a report issued ...

September 17, 2018

Amazon launches small business shop

Amazon wants you to shop small. The online retailer launched a new section of its site Monday called Amazon Storefronts, ...

September 16, 2018

Investigator: No evidence gas explosions intentional

There's no evidence to suggest the gas explosions that rocked communities north of Boston were intentional, a federal ...

September 15, 2018

General Motors recalls some pickups and SUVs over brakes

General Motors is recalling about 41,000 pickup trucks and police sports utility vehicles because of loose brake pedals.

September 15, 2018

Egypt court returns ex-president Mubarak's 2 sons to prison

Acting on a judge's order, Egyptian police detained the sons of former president Hosni Mubarak on Saturday along with three ...

September 15, 2018

Deluged by Hurricane Matthew, rural town waits for Florence

She takes a break from hauling rugs and family heirlooms into the attic to look out the front door and watch it rain and rain ...

September 15, 2018

Turkey union official: Airport construction workers detained

A trade union leader says police in Turkey have rounded up hundreds of construction workers at Istanbul's new airport after ...

September 15, 2018

Germany's DW: Harassment claims against ex-staffer credible

Allegations of sexual harassment against a former employee at the German broadcaster Deutsche Welle have proven credible, the ...

September 14, 2018

$1.5M settlement for Muslim workers fired in prayer dispute

A big U.S. meatpacker has agreed to pay $1.5 million to 138 Somali-American Muslim workers who were fired from their jobs at ...

September 14, 2018

Workers, execs and politicians bid farewell to late Fiat CEO

The heir to Fiat's founding family paid an emotional farewell to Sergio Marchionne, the late CEO of Fiat Chrysler Automobiles ...

September 14, 2018

Henri Bendel, 123-year-old luxury retailer, closes the doors

The luxury retailer Henri Bendel, which opened its doors in New York's Greenwich Village at the end of the 19th century, is ...

September 14, 2018

US industrial production rose a solid 0.4 percent in August

U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and ...

September 14, 2018

US retail sales up just 0.1 pct. after previous strong gain

U.S. retail sales barely rose in August as consumers slowed their spending after a robust month of shopping in July.

September 14, 2018

Officials free Lebanese woman jailed for insulting Egypt

Egyptian authorities deported a Lebanese woman who was jailed for insulting Egyptians in a video she posted online, days ...

September 14, 2018

Bank of England chief issues another Brexit warning

Bank of England Governor Mark Carney warned Friday that developments surrounding Brexit are "the most significant influences" ...

September 14, 2018

China factory output holds up in August, investment weakens

Chinese factory output and retail sales held up in August but investment weakened, government data showed Friday, adding to ...

September 13, 2018

Sears sales decline improved in latest quarter; shares soar

Sears Holdings Corp., the struggling department store operator, said it key sales figure improved and its stock soared in ...

September 13, 2018

Average US mortgage rates climb; 30-year at 4.60 percent

Long-term U.S. mortgage rates this week jumped to their highest level since the start of August, raising costs for would-be ...