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Economy News

February 04, 2020
Abu Dhabi's long-troubled Etihad sells 38 planes for $1B
Abu Dhabi's long-troubled Etihad Airways said Tuesday it would sell 38 aircraft to an investment firm and a leasing company ...
February 04, 2020
FTC sues to block Harry's sale to Schick owner Edgewell
Federal antitrust regulators say a proposed merger that would combine old-school shaving company Schick with upstart Harry's ...
February 04, 2020
Former Kenyan President Daniel arap Moi is dead at age 95
Daniel arap Moi, a former schoolteacher who became Kenya’s longest-serving president and led the East African nation through ...
February 04, 2020
South African court issues arrest warrant for ex-leader Zuma
A judge in South Africa issued an arrest warrant Tuesday for former president Jacob Zuma for failing to appear in court on ...
February 04, 2020
Beer maker Carlsberg sees 2019 profits rise on strong sales
Danish brewer Carlsberg says its 2019 net profit rose nearly 24 % to 6.6 billion kroner ($977 million) on strong beer sales ...
February 04, 2020
Bloodied but determined, Lebanese protesters take stock
At a Beirut hospital ward, five Lebanese protesters with bandaged eyes and faces huddled in a circle, their arms wrapped ...
February 04, 2020
Sony warns of China virus impact on raised forecast for year
Japanese electronics and entertainment company Sony Corp. warned Tuesday that forecasts and results were at risk because of ...
February 04, 2020
Walgreens to pay $7.5M in settlement over phony pharmacist
Walgreens will pay $7.5 million to settle with California authorities after an employee was criminally charged with ...
February 04, 2020
2 top execs leaving newspaper publisher Tribune amid turmoil
Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a ...
February 04, 2020
Puerto Ricans thrilled by flag sighting in Super Bowl
The screams echoed across Puerto Rico when Jennifer Lopez unfurled a feather cape representing the flag of the U.S.
February 04, 2020
Google 4Q revenue grew, but not enough for Wall Street
Google's revenue grew, but Wall Street wanted more. Parent company Alphabet's stock fell more than 4% after financial results ...
February 03, 2020
Jeff Bezos sued by girlfriend's brother for defamation
Michael Sanchez, the brother of Jeff Bezos's girlfriend, is suing the Amazon founder for defamation, alleging that Bezos and ...
February 03, 2020
Ryanair delays growth targets due to Boeing Max jet trouble
The CEO of Europe's busiest airline, Ryanair, said Monday that his airline is interested in revising orders for Boeing 737 ...
February 03, 2020
Survey: U.S. factories expand for first time since July
U.S. factories expanded unexpectedly last month, snapping a five-month losing streak. The Insitute for Supply Management, an ...
February 03, 2020
US construction spending dips 0.2% in December
Spending on U.S. construction projects edged down a slight 0.2% in December, closing out a year when total construction ...
February 03, 2020
Mall owners among group bidding $81 million for Forever 21
A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million ...
February 03, 2020
Bernie Ebbers, ex-CEO convicted in WorldCom scandal, dies
The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over ...
February 03, 2020
UAE finds new natural gas field between Abu Dhabi, Dubai
The United Arab Emirates on Monday announced the discovery of a natural gas field containing 80 trillion standard cubic feet ...
February 01, 2020
Media outlets push back against government's Brexit video
Some prominent British and international media organizations pushed back Friday against Prime Minister Boris Johnson’s ...
January 31, 2020
The Latest: Celebrations, sadness as UK gears up to leave EU
The Latest on Britain's departure Friday night from the European Union: 10:25 p.m. Thousands of Brexit supporters are ...
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