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Economy News

Explosion caught on video damages paper mill; no one hurt

An explosion at a paper mill in Maine shook the ground Wednesday and produced a plume of black smoke that was visible for ...

UnitedHealth keeps 2020 forecast as coronavirus hit emerges

UnitedHealth Group is sticking with its 2020 profit forecast for now, as the health insurance giant sifts through all the ...

Australian court rules search warrant on journalist invalid

Australia’s highest court ruled on Wednesday that a search warrant at the center of a national storm over press freedom was ...

J&J slashes outlook, races to develop coronavirus vaccine

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions ...

Workers sue McDonald's over harassment at Florida stores

Two McDonald’s workers in Florida are filing a $500 million class action lawsuit against the company, claiming a “systemic ...

LOT owner drops takeover of German carrier Condor

The parent company of Polish airline LOT is pulling out of its takeover bid of for German vacation carrier Condor, a ...

3 rebels linked to Indonesia gold mine attack die in clash

Indonesian security forces shot and killed three separatist rebels who were suspected in an attack that killed a New ...

Ecuador buckles under virus, broken oil lines and old debt

Ecuador’s President Lenín Moreno unveiled an emergency economic plan Friday aimed at rescuing the South American nation hard ...

Global pact to contain oil price crash takes shape

The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a ...

Earl Graves Sr., founder of Black Enterprise magazine, dies

Earl Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on ...

Federal Reserve to boost small business lending efforts

The Federal Reserve said Monday it will support the government's $349 billion small business lending program, which had a ...

Justices rule for federal employee over age discrimination

Well, OK, boomer. The Supreme Court made it easier Monday for federal employees 40 and older to sue for age discrimination.

SeaWorld CEO resigns five months into job, cites board

SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme ...

US service sectors slows in March

Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns ...

US trade gap falls to $39.9 in February, lowest since 2016

The U.S. trade deficit tumbled in February to the lowest level since 2016 as exports fell and imports fell more.

Sprint and T-Mobile merge, creating new wireless giant

Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T ...

Mercedes has worst Takata air bag recall completion rate

Of all the automakers that are recalling dangerous Takata air bag inflators, Mercedes is the laggard when it comes to getting ...

US home prices rose at 3.1% annually in January

U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the ...

Rosneft hands Venezuelan oil business to Russian state firm

Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move ...

US consumer spending up modest 0.2% in February

Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in ...

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