Economy News

November 29, 2018

As GM cuts in US, Fiat Chrysler invests in Italian plants

Fiat Chrysler Automobiles said Thursday that its plants in Italy would return to full employment with a 5 billion-euro ($5.

November 29, 2018

Iran says it has added 2 mini submarines to its naval fleet

Iran's navy has acquired two new mini submarines designed for operations in shallow waters such as the Persian Gulf, the ...

November 29, 2018

Taliban attack in Kabul killed 6, including British national

A brazen Taliban attack that targeted the Kabul offices of a British security company killed five of its staffers, including ...

November 29, 2018

S. Korea orders 2nd Japan firm to compensate forced laborers

South Korea's top court on Thursday ordered a Japanese company to financially compensate 10 Koreans for forced labor during ...

November 29, 2018

MillerCoors, Pabst settle lawsuit over brewing contract

MillerCoors and Pabst Brewing Co. settled a lawsuit Wednesday in which the hipster's brand of choice claimed the bigger ...

November 29, 2018

Suddenly, luxury stores miss free-spending Chinese tourists

There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. For the second time in ...

November 29, 2018

SUVs compete for spotlight at Los Angeles Auto Show

As buyers flock to SUVs and pickup trucks instead of sedans, automakers are revealing their latest offerings for the growing ...

November 28, 2018

Powell: US economy healthy and rate hikes aren't automatic

Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the ...

November 28, 2018

Not just jobs riding on fate of GM plant after Trump promise

General Motors is moving to shut down as many as five North American factories in a major restructuring, but there are more ...

November 28, 2018

Fed: Some US businesses' debt at highest level in 2 decades

American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a ...

November 28, 2018

US new-home sales plunged 8.9 percent in October

Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market ...

November 28, 2018

US economy grew at brisk 3.5 pct. annual rate last quarter

The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong ...

November 28, 2018

Steer too beefy to become burgers reprieved to life on farm

Knickers the steer is huge on the internet — for being huge. The black-and-white Holstein Friesian won social media fame and ...

November 28, 2018

Pilots struggled to control plane that crashed in Indonesia

Black box data collected from their crashed Boeing 737 MAX 8 show Lion Air pilots struggled to maintain control as the ...

November 28, 2018

Venezuela's next generation of opposition plays a long game

Roberto Patino, a rising star in Venezuela's unravelling opposition movement, pushes through a crowd of children clutching ...

November 28, 2018

Disney says 'no merit' to Malaysia resort company lawsuit

Resort developer Genting Malaysia's lawsuit seeking $1 billion in damages from Walt Disney Co. and Fox Entertainment Group ...

November 28, 2018

Judge to utility: Explain any role in deadly California fire

A U.S. judge overseeing a criminal case against Pacific Gas & Electric Co. asked the utility Tuesday to explain any role it ...

November 28, 2018

Australian court approves media merger between Nine, Fairfax

A court on Tuesday dismissed a last-ditch challenge and approved the merger of television network Nine Entertainment with ...

November 28, 2018

Pro-Kavanaugh group received millions from anonymous donors

An obscure nonprofit last year gave nearly $15 million it received from anonymous donors to a conservative advocacy group ...