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ABC News: Money

United Airlines boosts profit on more revenue, cheaper New! 2020-01-21 17:44:13United Airlines is getting a tail wind from higher revenue and cheaper fuel

Tesla can sell vehicles in Michigan under legal New! 2020-01-21 17:33:06Tesla will be able to sell and service its vehicles in Michigan under a lawsuit settlement between the automaker and the state

US stocks stall out following Asian sell-off on New! 2020-01-21 17:32:26US stocks are down in afternoon trading, following up on losses around the world as worries deepen about a virus outbreak in China

How major stock indexes fared Tuesday New! 2020-01-21 17:13:11Stocks closed lower on Wall Street Tuesday after a virus outbreak in China rattled global markets

Trump lauds US economy in Davos, says little New! 2020-01-21 16:50:43President Donald Trump is trying to look past the impeachment drama unfolding in Washington during his two-day visit to an economic forum in the Swiss

Boeing doesn't expect Max jet to be cleared New! 2020-01-21 16:20:31Boeing doesn't expect federal regulators to approve updates to its grounded 737 Max until this summer

Las Vegas Sands, PetMed fall; Peoples Bancorp rises New! 2020-01-21 16:19:42Stocks that moved heavily or traded substantially on Tuesday: Las Vegas Sands, PetMed fall; Peoples Bancorp, Mercantile Bank rise

Airline stocks swoon on fear about virus outbreak New! 2020-01-21 16:15:17Shares of U.S. airlines that fly to China are down on growing fear about a virus outbreak in that country

Southern burger chain Krystal files for bankruptcy New! 2020-01-21 16:15:14A Southern restaurant chain known for tiny hamburgers and late-night service has filed for bankruptcy

Iowa wants expert review of Dakota Access Pipeline New! 2020-01-21 14:35:48Iowa regulators have gone beyond their counterparts in North Dakota by requiring owners of the Dakota Access Pipeline to provide expert analysis to ba

Backatcha: Thunberg returns Trump's climate jibe New! 2020-01-21 14:20:20Greta Thunberg has wasted little time in pushing back against President Donald Trump's description of climate campaigners as “the perennial pro

Wyoming, Montana seek Supreme Court ruling on coal New! 2020-01-21 14:16:49Wyoming and Montana are asking the U.S. Supreme Court to rule on Washington State's denial of a permit for a port facility that could boost U.S. coal

Reuters: Business News

Toyota recalls 3.4 million vehicles worldwide because air New! 2020-01-21 17:55:28Toyota Motor Corp said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic glitch that can result in air bags not deploy

Wall Street falls as China virus reaches the New! 2020-01-21 17:49:55Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International M

Boeing warns of new 737 MAX delay, now New! 2020-01-21 17:45:06Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential develop

United beats Wall Street expectations despite ongoing 737 New! 2020-01-21 17:37:22United Airlines Holdings Inc on Tuesday beat Wall Street estimates for quarterly profit and held to its 2020 profit target, with a turnaround strateg

IBM forecasts full-year profit above estimates on cloud New! 2020-01-21 17:26:00International Business Machines Corp forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly reve

Honda recalling 2.7 million North American vehicles for New! 2020-01-21 17:06:51Honda Motor Co said on Tuesday it will recall 2.7 million older U.S. vehicles in North America for potentially defective air bag inflators.

NYC Transit expects return of Bombardier subway cars New! 2020-01-21 16:54:37New York City Transit expects subway cars recently built by Bombardier Inc to return to service this week, after an estimated 300 cars were yanked ea

Michigan, Tesla reach agreement for direct car delivery: New! 2020-01-21 16:47:20Tesla Inc has reached a settlement with Michigan to allow the electric-car maker to directly deliver its vehicles to customers in the state, a person

Netflix subscriber growth beats Wall Street estimate as New! 2020-01-21 16:40:48Netflix Inc added more paying subscribers than Wall Street expected in the fourth quarter as it faced new competition from lower-cost services from Wa

Factbox: How a virus impacts the economy and New! 2020-01-21 16:28:44The outbreak of a new virus in China has sent shivers through world financial markets, with investors drawing comparisons to the 2003 SARS (Severe Acu

Risk assets fall as Chinese virus triggers anxiety New! 2020-01-21 16:28:44Risk assets took a hit across the globe on Tuesday, while the Japanese yen and U.S. Treasury prices gained, as financial markets reacted to mounting c

Exclusive: Philadelphia refinery expected to be sold to New! 2020-01-21 16:27:26The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, t

L.A. Times - Business

Women suing Riot Games may deserve $400 million, New! 2020-01-21 17:37:33Two California state agencies are intervening in a class action suit against Riot Games, saying women who worked at the company could deserve more mon

For lease: Richard Neutra's Lew House in the New! 2020-01-21 17:01:27The Richard Neutra-designed Lew House in the Hollywood Hills, a prime example of the architect's postwar style, is up for lease at $26,000 a month.

At Davos, Trump rejects climate crisis, lauds U.S. New! 2020-01-21 16:24:21President Trump bragged about the U.S. economy but rejected warnings of environmental crisis in his speech at the World Economic Forum.

CAA appoints new 11-member board to guide the New! 2020-01-21 16:23:37The Century City-based talent representation giant's co-chairmen, Richard Lovett, Bryan Lourd and Kevin Huvane, will remain with the company.

Apple planning to make original podcasts promoting its New! 2020-01-21 15:58:23The audio shows would help market Apple's growing slate of original programs, which have already picked up some accolades.

NBA's Patty Mills scores an offseason spot in New! 2020-01-21 14:45:34On the Hawaiian island of Oahu, Australian basketball player Patty Mills has paid $1.92 million for a coastal home.

Hot off a sale, snowboarder Shaun White looks New! 2020-01-21 13:06:58After selling a scenic Malibu home for $11.8 million, snowboarder Shaun White has listed the a two-story spot right next to it for $10.995 million.

Column: Is a supermarket discount coupon worth giving 2020-01-21 09:00:28Ralphs customers are being told that joining the company's rewards program could result in extensive data gathering, including your job, your educati

Under pressure from activists, L.A. billionaire's prison telecom 2020-01-21 08:00:18Tom Gores brings in a new CEO for Securus, which is promising to lower rates after a campaign targeting the billionaire's Platinum Equity investment

Trump will play economic pitchman in Davos. But 2020-01-21 00:38:02President Trump will speak Tuesday at the World Economic Forum in Davos, the kind of globalist gathering he once mocked.

Trump and Macron said to reach tariff truce 2020-01-20 19:29:53President Trump and French President Emmanuel Macron agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S.

Jason Statham sells subdued Malibu lair for $18.5 2020-01-20 13:09:31Actor Jason Statham and model Rosie Huntington-Whiteley have sold their Malibu beach house for $18.5 million.

Economy

US housing starts soar 16.9% in December to 2020-01-17 13:27:51U.S. homebuilding surged in December as activity increased across the board, suggesting the housing market recovery was back on track.

Manufacturers to spend $26.2 billion on 'upskilling' in 2020-01-17 09:30:08With a skills gap plaguing manufacturing, companies are spending big to train their current workforce and ensure a pipeline of talent.

US manufacturing output rises unexpectedly 2020-01-17 09:18:00U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goo

Trump to nominate Shelton, Waller to serve on 2020-01-17 06:49:39President Donald Trump will pick two economists, Judy Shelton and Christopher Waller, to serve on the Federal Reserve Board, the White House said on T

Here's why a sluggish manufacturing sector may bounce 2020-01-16 15:45:22Purchasing managers have been gloomy on manufacturing for the past five months, but the sector now looks like it could be about to spring back.

The pickup truck indicator shows the economy is 2020-01-16 15:02:18One firm analyzed pickup truck sales in order to get a read on the state of small businesses in the United States.

Kudlow says 'tax cuts 2.0' will be unveiled 2020-01-16 12:37:02National Economic Council Director Larry Kudlow said that the White House plans to unveil a plan for additional tax cuts later in 2020.

US weekly jobless claims drop unexpectedly 2020-01-16 11:01:50The number of U.S. workers filing new claims for unemployment benefits unexpectedly fell last week, pointing to continued strength in the labor market

US retail sales climb in December, and November 2020-01-16 09:11:31U.S. retail sales were expected to climb 0.3% in December, up slightly from the 0.2% increase a month earlier.

Weekly mortgage applications soar 30% as homebuyer demand 2020-01-15 15:19:04Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers As

US producer prices barely rise as services remain 2020-01-15 09:10:08The U.S. producer price index was expected to increase by 0.2% in December, compared with a flat reading a month earlier.

Fed could use negative rates if US recession 2020-01-15 08:26:29The Federal Reserve could announce negative rates in the future, despite its current doubts about this unconventional measure, Goldman Sachs said.

NYT > Economy

Trump to Nominate a Critic and an Insider 2020-01-16 23:12:53The president formally announced that he would nominate Judy Shelton and Christopher Waller to the Federal Reserve’s seven-person Board of Gover

China’s Improving Economic Data Masks Deeper Problems 2020-01-16 22:34:58Consumers are spending, and Beijing reached a trade deal with the U.S., but the Chinese economy still faces a difficult addiction to borrowing.

Trump’s Next Trade Fight Could Be With Europe 2020-01-16 18:08:37Fiery remarks by Europe’s new trade commissioner hint at what could be President Trump’s biggest trade battle this year.

Trump Signs China Trade Deal, Putting Economic Conflict 2020-01-16 00:57:32An initial pact, cooling tensions in an election year, follows months of escalating tariffs and a trade war that seemed as if it would never end.

What’s in (and Not in) the U.S.-China Trade 2020-01-15 19:07:13The agreement includes some wins for President Trump, but implementing and enforcing the deal could be difficult.

Trump Tried to Kill Anti-Bribery Rule He Deemed 2020-01-15 18:39:54The president asked administration officials to help kill the Foreign Corrupt Practices Act, according to a new book from two Washington Post reporter

Why the Deal With China Amounts to More 2020-01-15 17:55:05The temporary resolution was bound to be underwhelming, but it’s a blueprint for progress.

China Trade Deal Details Protections for American Firms 2020-01-14 20:42:39The agreement is expected to include significant concessions to protect U.S. technology and trade secrets, but its success hinges on whether China wil

Iran’s Grim Economy Limits Its Willingness to Confront 2020-01-14 10:42:20Fearful of public anger over a plunging economy, Iran’s leaders appear to be turning inward, pulling back from escalation.

In Paris, Even the Ballet Dancers Are on 2020-01-14 03:38:18Paris Opera Ballet performers now retire at 42 with a full pension. France, which wants to tighten retirement rules for everyone, has walked back its

Oyo Scales Back as SoftBank-Funded Companies Retreat 2020-01-14 00:22:25The Indian hospitality start-up is losing hotel rooms and has stepped back from more than 200 cities as part of a broader pullback by firms financed b

Labor Dept. Rule to Curb Lawsuits by Franchise 2020-01-13 07:22:12The rule could limit the exposure of companies like McDonald’s to wage claims and other complaints. It effectively replaces a more labor-friendl

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Duopoly catches up in food delivery space as New! 2020-01-21 16:32:42The Uber Eats deal helps Zomato to catapult to the number one slot, leaving market leader Swiggy slightly behind

Financial crisis in tea sector deepens; companies put New! 2020-01-21 16:02:42The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies

After two months of positive sales, auto sales New! 2020-01-21 15:55:27FADA data shows that total vehicle registrations dropped to 16,06,002 units in December 2019 from 18,80,995 units a year ago.

GE appoints Mahesh Palashikar as new President and New! 2020-01-21 15:44:39Wanchoo retires on June 1 and will return to the US after completing handover to Mahesh

Allcargo acquires nearly 13% stake in Gati in New! 2020-01-21 15:43:23The Avvashya Group company is now well on track to complete the process to acquire 44.5 percent stake in Gati, the total deal size of which is Rs 416

Govt approves raising FDI in Bharti Airtel to New! 2020-01-21 15:29:40The approval comes just days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr, of which Rs 21,682 cr is licence fee

Asean bloc sends invite to India for RCEP New! 2020-01-21 15:29:12The RCEP is a proposed pact between 10 Asean economies and six others (New Zealand, Australia, China, India, Japan, and South Korea) with which the gr

One-fifth taxpayers file return on last day despite New! 2020-01-21 15:20:51This month's return filing data to date shows that the GSTN return filing system was working within its expected limits

Saffronart to auction Nirav Modi's seized assets again New! 2020-01-21 15:19:04This is the second time a government agency has roped in Saffronart to recover some of the money siphoned off by Nirav.

Shah firm on CAA despite protests; Congress accuses New! 2020-01-21 15:05:44The NPR exercise will be carried out, along with the house-listing phase of the Census from April 1 to September 30, 2020.

Piramal Enterprises' Rs 3,600-crore rights issue fully subscribed New! 2020-01-21 14:32:41Based on preliminary information, the total applications from ASBA and non-ASBA have exceeded the issue amount to eligible equity shareholders, and th

FMCG recovery likely in 2020; Nielsen, CRISIL predict New! 2020-01-21 14:12:13According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)


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