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Economy

ABC News: Money

Duke Energy plans to invest more in renewable 2019-09-17 15:58:26Duke Energy plans to invest heavily in renewable energy and natural gas powered plants to further reduce its carbon emissions by 2030

Progress reported in contract talks between GM, union 2019-09-17 15:39:58Contract talks between the United Auto Workers and General Motors showed some signs of progress as a strike by more than 49,000 employees extended int

Fed takes action to control short-term interest rates 2019-09-17 14:28:11Fed takes action to control short-term interest rates

US stocks stall as oil slides, investors get 2019-09-17 14:15:56U.S. stocks stalled in morning trading as energy companies fell along with a decline in oil prices

WeWork delays its IPO amid tepid investor interest 2019-09-17 14:02:27Public debut for WeWork is put on hold as the company attempts to generate investor enthusiasm

Markets Right Now: Energy stocks drop as oil 2019-09-17 11:50:11Stocks are treading water at midday Tuesday as energy companies drop while less-riskier sectors of the market rise.

Kraft Heinz shares fall after key investor dumps 2019-09-17 11:05:41Kraft Heinz shares fall after key investor dumps 25 million shares

Oil prices drop ahead of update on Saudi 2019-09-17 10:26:57Oil prices are falling, a day after their biggest jump in years, as investors wait for word on when Saudi Arabia might return to full production follo

US factory production rose at healthy pace in 2019-09-17 09:50:57US factory output rose at a healthy clip in August after a weak showing earlier in year

US factory output rose at a healthy clip 2019-09-17 09:18:09US factory output rose at a healthy clip in August after a weak showing earlier in year

Stocks mixed, oil down as markets await news 2019-09-17 08:10:15World shares are mixed and oil prices have fallen slightly pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an at

World's top brewer revives listing plans, halves IPO 2019-09-17 08:04:24World's top brewer revives plans to list its Asian business in Hong Kong but halves its IPO size to $4.8 billion

Reuters: Business News

SoftBank turns against WeWork's parent CEO Neumann: sources New! 2019-09-22 15:23:29Japan's SoftBank Group Corp , the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of th

Key dates in the history of tour company New! 2019-09-22 15:17:38The bosses of Thomas Cook , the world's oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to sa

Travel group Thomas Cook battles for survival ahead New! 2019-09-22 15:17:38The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark

Factbox: Fleet of over 100 jets operated by New! 2019-09-22 15:15:57The fate of over 100 passenger jets and contracts with almost 40 leasing companies are tied up in last-minute talks to prevent a collapse of British t

Thomas Cook customers say hotel in Tunisia stopped New! 2019-09-22 15:11:30British tourists in Tunisia said their hotel stopped them leaving for several hours on Saturday night over concerns about payment by their holiday ope

Banks worth $47 trillion adopt new U.N.-backed climate New! 2019-09-22 14:07:49Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight cl

Huawei denies interest in acquiring Oi or any New! 2019-09-22 13:18:49Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA or any other Brazilian car

Vivendi set to widen legal battle against Mediaset New! 2019-09-22 12:36:17Vivendi is taking steps to widen its legal battle against Mediaset beyond Italy, in a move that indicates the French media group has not liquidated

Deutsche Bahn sees big windfall from climate change New! 2019-09-22 09:18:08Germany's Deutsche Bahn [DBN.UL] expects the government's 50 billion euro climate change package to generate the railway company's biggest growth s

Big companies commit to slash emissions ahead of New! 2019-09-22 07:05:43Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign t

Saban to return controlling stake in Israel's Partner New! 2019-09-22 07:04:17U.S.-Israeli media magnate Haim Saban plans to give up his controlling stake in Israeli mobile phone operator Partner Communications , financial media

Eyes on U.S. prize, Primark considers Central American New! 2019-09-22 07:02:24Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to

L.A. Times - Business

Hot Property: Kirsten Dunst sells her Toluca Lake 2019-09-21 09:00:56Kirsten Dunst has sold her Toluca Lake home to actress Annie Potts. Also: "Grey's Anatomy" star Kevin McKidd is selling his longtime Hollywood Hill

Hot Property Newsletter: How to get away with 2019-09-21 09:00:49Prolific TV producer-showrunner Shonda Rhimes is among those making a killing in luxury housing. Other far-flung deals include those by muscleman Lou

Hot Property | Kirsten Dunst sells her Toluca 2019-09-21 09:00:49Kirsten Dunst has sold her Toluca Lake home to actress Annie Potts. Also: "Grey's Anatomy" star Kevin McKidd is selling his longtime Hollywood Hill

Where 'Glee' star Heather Morris kicks off her 2019-09-21 08:30:23The actor and dancer has turned her bedroom into a calming space to escape stress and decompress — until her sons start jumping on the bed.

My Favorite Room | Where 'Glee' star Heather 2019-09-21 08:30:18The actor and dancer has turned her bedroom into a calming space to escape stress and decompress — until her sons start jumping on the bed.

Home of the Week | A clear-through view 2019-09-21 08:00:37In the Bird Streets, a sophisticated contemporary home features a curved roofline and panoramic views of downtown L.A.

Home of the Week: A clear-through view in 2019-09-21 08:00:25In the Bird Streets, a sophisticated contemporary home features a curved roofline and panoramic views of downtown L.A.

Jeff Bezos expanded Amazon's climate change pledge. His 2019-09-20 20:05:15Amazon workers have spent this year urging CEO Jeff Bezos take more urgent steps on climate change. They're a key reason Amazon's environmental foot

Trump sees no need for a preelection trade 2019-09-20 18:30:00President Trump said he did not need to secure a deal with China to end the trade war before the 2020 election, as a China delegation canceled a trip

Fed announces new effort to soothe money markets 2019-09-20 18:03:47The Federal Reserve stepped up its efforts to reduce volatility in short-term lending markets, announcing it will inject up to $90 billion in two-week

California job growth was healthy in August, but 2019-09-20 16:13:15California's labor force is shrinking, but the state continues to add jobs. Unemployment remains low at 4.1%

Tom Petty's scenic lake house sells for $4 2019-09-20 14:20:43On Lake Sherwood, the three-story home of late rock icon Tom Petty has sold for $4 million.

Economy

US weekly jobless claims rise less than expected 2019-09-19 08:30:00The data pointed to strong labor market conditions that should continue to support a moderately growing economy.

Powell: Low rates abroad a sign of weak 2019-09-18 15:29:00Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.

Powell doesn't see the Fed ever using negative 2019-09-18 15:05:00Federal Reserve Chairman Jerome Powell said he does not see the Fed using negative interest rates in the future.

Powell says it's possible the Fed will have 2019-09-18 14:50:00Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.

Powell says a 'sequence' of rate cuts could 2019-09-18 14:41:00Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as ne

Trump says Powell and the Fed 'Fail Again' 2019-09-18 14:26:00The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower

Fed gets more divided, as three members vote 2019-09-18 14:18:00The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

Fed forecasts no further rate cuts in 2019 2019-09-18 14:06:00The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.

Fed cuts rate on bank reserves amid repo 2019-09-18 14:02:00The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.

Here's what changed in the new Fed statement 2019-09-18 14:01:00This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.

Fed approves quarter-point rate cut but is divided 2019-09-18 14:00:00Investors largely expected the FOMC to cut rates by a quarter point.

Fed loses control of its own interest rate 2019-09-18 11:17:00As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.