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Economy

ABC News: Money

US consumer spending slowed in January while incomes New! 2020-02-28 08:59:13Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronav

Coronavirus fear touches off a global run on New! 2020-02-28 08:38:23People around the world are lining up to buy face masks because of coronavirus concerns, but medical experts say most people who aren't sick don't n

VW agrees to $912 million payments for Germans New! 2020-02-28 08:21:48German auto giant Volkswagen says it will pay 830 million euros ($912 million) in damages to hundreds of thousands of customers whose diesel cars were

Geneva auto show canceled as Switzerland bans large New! 2020-02-28 08:06:18The Geneva auto show is being canceled after the Swiss government announced an immediate ban on all public and private events involving more than 1,00

Markets slide, auto show canceled as virus impact New! 2020-02-28 07:52:58Concerns about the economic impact of the new coronavirus are intensifying, disrupting business events, production and travel

Market corrections; scary but sometimes a good thing New! 2020-02-28 07:52:16After six days of being pounded by a virus-induced, global sell-off, US markets hit a milestone this week

Global stocks fall again on fear of virus New! 2020-02-28 07:51:48Global stock markets are falling further on spreading virus fears

Japan sends vice justice minister to Lebanon on New! 2020-02-28 06:15:01A Japanese vice minister for justice is heading to Lebanon for talks on the case of former Nissan executive Carlos Ghosn, who fled bail for his home c

Geneva auto show organizers confirm event will be New! 2020-02-28 05:58:15Geneva auto show organizers confirm event will be canceled due to virus concerns

Asia stocks tumble on virus fears after Wall New! 2020-02-28 01:21:05Asian stock markets have fallen further on virus fears after Wall Street endured its biggest one-day drop in nine years

Regulators boost PG&E's wildfire fine to $2.1 billion New! 2020-02-27 20:50:34California power regulators slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the bele

Neighbors: Brewery gunman a 'gentleman'; no motive yet 2020-02-27 19:31:18Neighbors of a Milwaukee electrician who fatally shot five people at one of the nation's largest breweries before killing himself say he enjoyed buil

Reuters: Business News

Volkswagen reaches $900 million deal with consumers over New! 2020-02-28 08:12:18Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action l

Stock futures fall as coronavirus-led rout continues New! 2020-02-28 07:58:38U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the bench

Ex-Barclays bankers cleared over Qatar fees in blow New! 2020-02-28 07:50:19Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to

Geneva car show axed as Swiss ban large New! 2020-02-28 07:43:02Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, fo

Axing of Geneva car show forces manufacturers to New! 2020-02-28 07:43:02Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car

UBS CEO's pay slips to $1 million a New! 2020-02-28 07:40:15UBS Chief Executive Sergio Ermotti, one of Europe's best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the

ECB rate setters see no need for action New! 2020-02-28 07:22:40The European Central Bank does not need to take immediate action in response to the coronavirus epidemic, two ECB policymakers said on Friday, confoun

Airlines at center of storm as coronavirus spreads New! 2020-02-28 07:17:01European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to prof

Kenya's high court orders suspension of flights from New! 2020-02-28 07:17:01Kenya's High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law So

Revival gives Rolls-Royce confidence despite coronavirus New! 2020-02-28 07:11:25Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption

OPEC leaning towards larger oil cuts as virus New! 2020-02-28 06:58:03Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil p

Factbox: Barclays bosses cleared of credit crisis-era fraud New! 2020-02-28 06:51:27Three former Barclays executives were cleared of credit-crisis era fraud charges by a jury on Friday after a landmark London trial over undisclosed pa

L.A. Times - Business

Column: Trump's response to legal defeats suggests he's New! 2020-02-28 09:00:06Faced with court defeats or political pressure, Trump often backs down.

HGTV's 'Unsellable Houses' turns stale homes into sizzlers New! 2020-02-28 08:30:23Twin real estate mavens use tough love, fresh styling and an unusual financial arrangement to turn dumpy homes into quick sellers.

Column: Where do your drugs come from? That's New! 2020-02-28 08:00:40Experts warn that because the active ingredients of most generic drugs come from China and India, shortages are likely because of the coronavirus.

Disneyland's new Magic Happens parade debuts today after New! 2020-02-28 08:00:38Disneyland's Magic Happens is the first new daytime parade in more than nine years. Getting such a production up and marching is no small feat.

From movies to concerts: Five ways the coronavirus New! 2020-02-28 08:00:32The outbreak has wiped out box office, hobbled productions and affected industry conferences. Estimating the long term effects is proving impossible.

A flood of proposed changes to California's AB New! 2020-02-28 08:00:04Thirty-four pieces of legislation have been introduced this year in Sacramento to modify AB 5, California's new law limiting the use of independent c

Netflix exec Ann Mather spends $8.9 million for New! 2020-02-28 08:00:04The 1.15-acre parcel is within the Hualalai Resort on the west side of the Big Island. The land sits on a golf course.

Fire exploded from part of Carson refinery recently New! 2020-02-27 20:54:05The explosive fire that broke out Tuesday at the West Coast's largest oil refinery was sparked in a section of the plant that California inspectors r

Julia Roberts drops $8.3 million on San Francisco 2020-02-27 15:19:55In San Francisco, Oscar-winning actress Julia Roberts has paid $8.3 million for a century-old Victorian Revival-style home with sweeping views.

Column: Did Astros beat the Dodgers by cheating? 2020-02-27 14:39:30New analyses show that cheating didn't help the Astros, and may have hurt their record

Facebook, Microsoft, Epic Games cancel California conference plans 2020-02-27 14:25:22Concerns about the COVID-19 outbreak and its spread in California prompt three major tech companies to cancel plans for conferences in the Bay Area.

Pixar director Lee Unkrich sells scenic Hawaii getaway 2020-02-27 12:45:37In Hawaii, longtime Pixar director Lee Unkrich has sold his coastal retreat on two acres for $6.3 million.

Economy

Home prices increase 3.8% in December, according to 2020-02-25 09:00:06The housing market heated up at the end of 2019, and that was reflected in even bigger gains in home values, according to the much-watched S&P Cor

Coronavirus fears cause mortgage rates to plunge to 2020-02-24 17:29:33As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward

Buffett on Bernie Sanders: US can do better 2020-02-24 13:02:30Buffett said he sympathizes with Sanders' motivation to help people in need, but he doesn't believe socialism is the answer.

Buffett sees economy 'a little softer,' says several 2020-02-24 07:39:14Buffett said that while the economy looks healthy, it's not as strong as it was six months ago thanks to the trade war and coronavirus.

Economy will be 'strong factor' aiding Trump's re-election 2020-02-23 07:05:22The strength of the U.S. economy will prove to be an important factor when voters head to the polls in November, according to U.S. Treasury Secretary

Sanders' 'very, very different' economic plan no match 2020-02-23 06:30:03Bernie Sanders' "very, very different" economic plan is unlikely to triumph over President Donald Trump's if he wins the Democratic Party presiden

Economic impact of coronavirus will be clearer in 2020-02-23 06:29:07U.S. officials will have a better idea of how the coronavirus outbreak will impact the economy in "three or four weeks," U.S. Treasury Secretary Ste

Deere rises after tractor-maker reports better-than-expected earnings, says 2020-02-21 16:02:20Deere beat earnings and revenue expectations for its fiscal first quarter.

The Federal Reserve thinks low rates have had 2020-02-21 10:55:27That's contrary to the conventional Street wisdom which ties the low rates and money-printing to a market bull run that is less than a month away fro

Expectations for a rate cut will fade as 2020-02-21 10:15:24Central bank officials have indicated that they are content to keep policy on hold as they watch economic developments play out.

Fed's Bostic says 'we won't have to do 2020-02-21 09:51:55Despite market expectations for up to two cuts this year, Bostic said that unless there's a significant shift in economic performance, the Fed should

America's manufacturing recession looks like it could be 2020-02-20 12:14:41Indicators this week from the key Philadelphia and New York Federal Reserve districts showed a sharp rebound that far exceeded Wall Street expectation