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Economy

ABC News: Money

Vatican denies risk of default over structural deficit New! 2019-10-22 09:05:26A top Vatican administrator is denying the Holy See risks default over its structural deficit, saying claims in a new book about possible financial ru

More choices and stable premiums for 'Obamacare' next New! 2019-10-22 09:04:45More choices and stable premiums for 'Obamacare' next year, but court case looms over the program

UK's Johnson prepares push to heave Brexit bill New! 2019-10-22 09:03:59British lawmakers from across the political spectrum are plotting to put the brakes on Prime Minister Boris Johnson's drive to push his European Unio

McDonald's comparable-store sales feed on deliveries New! 2019-10-22 08:53:32McDonald's delivery boosts same-store sales, but at a cost

Under Armour founder Kevin Plank relinquishes CEO post New! 2019-10-22 08:45:39Under Armour founder Plank will step down from the CEO role

US highway deaths fall in 2018 for second New! 2019-10-22 08:44:41The U.S. government's road safety agency says traffic deaths fell by a small amount for the second straight year

Swiss file their 1st charges in Petrobras-Odebrecht scandal New! 2019-10-22 08:15:41Swiss prosecutors have filed their first indictment in investigations related to Brazilian construction company Odebrecht and state-run oil giant Petr

UK lawmaker challenges Facebook on political ads 2019-10-22 08:02:41An influential British lawmaker has challenged Facebook's new effort to safeguard elections, warning the company that the changes will place a heavy

World shares rise after upbeat talk on China-US 2019-10-22 07:55:42World shares gain following upbeat talk on China-US trade dispute

Demand for fast, online delivery drives UPS 3Q 2019-10-22 07:48:35UPS capitalizes on demand for fast online delivery, topping profit and revenue expectations in 3Q

AP Interview: Slovenia hails EU on Brexit, not 2019-10-22 07:13:16Slovenia's foreign minister says Brexit showed European Union's unity as it stood by Ireland

Under Armour founder Kevin Plank to relinquish CEO 2019-10-22 07:06:39Under Armour founder Kevin Plank to relinquish CEO position, Patrik Frisk, chief operating officer, to take the job

Reuters: Business News

Exxon, New York prosecutors face off in climate New! 2019-10-22 17:55:49A lawyer for New York's attorney general on Tuesday told a state judge Exxon Mobil Corp used two sets of books to hide the true cost of climate chan

Boeing makes progress on 737 MAX, but FAA New! 2019-10-22 17:54:40Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at le

U.S. charges six investment bankers over insider trading New! 2019-10-22 17:54:26U.S. prosecutors said on Tuesday they had charged six members of an insider trading ring who worked for firms including Goldman Sachs Group , Moelis a

Oil prices rise as OPEC mulls deeper output New! 2019-10-22 17:42:13Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts,

U.S. defense chief drops review of $10 billion New! 2019-10-22 17:26:55U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing deal because of a possible conflict of int

Boeing replaces senior executive as 737 MAX crisis New! 2019-10-22 17:13:26Boeing Co on Tuesday replaced the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since

Biogen resurrects Alzheimer's drug; shares jump 27% New! 2019-10-22 17:08:34Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patie

Former UAW official pleads guilty to federal charges New! 2019-10-22 17:01:17A former top official of the United Auto Workers union pleaded guilty on Tuesday to federal charges of financial misconduct while about 48,000 UAW mem

Pound, stocks slip as lawmakers reject Brexit law New! 2019-10-22 16:54:30The pound weakened and stocks on world markets declined on Tuesday after British lawmakers rejected the government's proposed timetable for passing l

U.S. business borrowing for equipment rises 18% in New! 2019-10-22 16:48:49U.S. companies' borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (E

SoftBank clinches deal to take over WeWork: sources New! 2019-10-22 16:48:32SoftBank Group Corp has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-fou

Nike CEO Mark Parker to step down, John New! 2019-10-22 16:36:13Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm

L.A. Times - Business

Fliers are bigger, seats are smaller: Consumer groups 2019-10-21 20:01:50The FAA plans testing next month to determine whether the latest airline seats and cabin designs are safe enough for passengers to escape during an em

Former Trojans star Matt Leinart tied to house-flipping 2019-10-21 19:33:02Former USC Trojans football players Matt Leinart and Brandon Hance are among those tied to an investor named in a house-flipping lawsuit filed by actr

WeWork board weighs $9.5-billion takeover bid from SoftBank 2019-10-21 17:18:32SoftBank is offering to take over WeWork, buying as much as $3 billion of stock from existing shareholders and providing $5 billion in debt financing.

Film director Duncan Jones wraps on a Hollywood 2019-10-21 15:52:28After buying a bigger home in Sherman Oaks, film director Duncan Jones has sold his Hollywood Hills home of five years for $1.6 million.

Hiltzik: Trump proposes denying free school meals to 2019-10-21 14:43:13To save thousandths of a percent of the federal budget, Trump wants to throw half a million children off the school lunch program.

Fidelity pulls $500 million from Fisher as big 2019-10-21 14:36:34Fidelity Investments is pulling the $500 million it has invested with Ken Fisher's investment firm.

Actress Tara Subkoff debuts dazzling Midcentury in Hollywood 2019-10-21 14:23:51After restoration, actress-artist Tara Subkoff is asking $4 million for her 1950s Midcentury home in Hollywood Hills.

Longtime Angel Jered Weaver scores a Manhattan Beach 2019-10-21 11:30:35MLB veteran Jered Weaver, who pitched for the Angels and Padres during his All-Star career, has picked up a Manhattan Beach town home for $2.375 milli

I joined a tech start-up in 1998, before 2019-10-21 09:00:21In Silicon Valley 20 years ago, a few companies such as Google, Amazon and PayPal were carving out sustainable niches. Then there was everyone else.

Newsletter: Hate lousy service? You're not alone (not 2019-10-21 08:00:20A report from Oracle Retail finds consumers and retailers aren't on the same page when it comes to priorities.

Report details how ExxonMobil and fossil fuel firms 2019-10-21 07:00:24A new report details how ExxonMobil and the fossil fuel industry, over decades, worked to deceive the public over the science of climate change and av

Now that White Claw summer is over, will 2019-10-20 07:00:33Wine coolers, Zima, Smirnoff Ice — those fads are over. But White Claw's emerging rivals bet that alcoholic seltzer has staying power.

Economy

GM strike pushed US factory output down 0.5% 2019-10-17 09:35:00U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manu

US weekly jobless claims rise modestly 2019-10-17 08:31:00The weekly jobless claims data suggested the labor market continues to tighten despite slowing hiring and economic growth.

US housing starts fall from a 12-year high 2019-10-17 08:30:00U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month.

Fed's Evans says no more rate cuts are 2019-10-16 10:45:00The Chicago Fed president says that policy is probably appropriate given an economy that is softening but still in good shape.

US retail sales unexpectedly decline in a sign 2019-10-16 08:30:00Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies and online purchases.

Weekly mortgage refinance applications rise, even as home 2019-10-16 07:00:00Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month.

'Awfully high' risks of a global recession in 2019-10-16 02:01:00"Even if we don't have a recession ... I think it's pretty clear that we're going to have a much weaker economy," says Mark Zandi.

IMF says trade war will cut global growth 2019-10-15 09:07:00The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned

Fed's Bullard warns risks remain high and US 2019-10-15 06:00:00St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply tha

Larry Summers: US economy is just one bad 2019-10-14 12:50:00"I fear that's what we're headed into" here in America, warns the former Treasury secretary.

Millennials are about to trigger a major 'changeover 2019-10-14 07:17:00U.S. adults aged between 21 and 38 years old will prioritize "necessity spending" over the next decade, Bill Smead told CNBC on Monday.

Do you know what a recession is? Here's 2019-10-11 11:28:00Not all economists agree that GDP is the best way to measure the economy.