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ABC News: Money

Boeing costs for 737 Max jump, profit falls New! 2019-10-23 08:25:12Costs related to 737 Max rise for Boeing as it reports large profit shortfall

Anthem 3Q profit jumps 23%, helped by enrollment New! 2019-10-23 08:20:25Anthem 3Q profit jumps 23%, helped by enrollment gains

Pennsylvania's gas politics churn as Trump embraces industry New! 2019-10-23 07:54:31President Donald Trump is headed to Pennsylvania to promote the natural gas industry, making clear he sees his pro-industry policies as a boost to his

Stocks turn lower amid earnings reports, Brexit delay New! 2019-10-23 07:50:12Global markets have turned lower after more corporate earnings reports and as Brexit seemed due to be delayed yet again

UK prime minister mulls early election over Brexit New! 2019-10-23 07:36:42British Prime Minister Boris Johnson appears to be pushing for an early general election after Parliament blocked a fast-track plan to approve his Bre

Slowing global economy hits Caterpillar in 3Q New! 2019-10-23 07:28:58Squeeze is on at Caterpillar, which cut its outlook for the year after dealers slashed inventories.

Ukraine's president urges lawmakers to take polygraph test New! 2019-10-23 07:09:12Ukrainian President Volodymyr Zelenskiy has urged a group of lawmakers to take a lie detector test to show they are not involved in a widening corrupt

The Latest: Lawmaker urges EU to give UK New! 2019-10-23 07:06:12European Parliament President David Sassoli says European leaders should accept a Brexit extension that the British government has requested

Google touts quantum computing milestone New! 2019-10-23 06:37:55The firm said a processor completed a complex calculation in just minutes

Zuckerberg appears in Congress as Facebook faces scrutiny New! 2019-10-23 05:40:28Facebook CEO Mark Zuckerberg is appearing before Congress to defend the tech giant's global ambitions as scrutiny tightens over its massive market po

At Tokyo auto show, visions for cars of New! 2019-10-23 04:52:35At Tokyo auto show, visions for cars of the future, no Ghosn

Asian stocks follow Wall Street lower after mixed New! 2019-10-23 01:58:40Asian stocks follow Wall Lower after mixed corporate earnings., EU decision to consider allowing Britain to delay departure

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

Why Trump's tax reform cost one 'Gilmore Girls' New! 2019-10-23 08:00:31President Trump's 2017 tax reform legislation was meant to provide a tax cut to Americans, but it has had the opposite effect for many actors who can

Panic button measure in Rancho Palos Verdes draws New! 2019-10-22 20:10:26The owner of the Terranea resort in Rancho Palos Verdes has spent over $1 million to defeat a measure to give resort workers panic buttons and to incr

New L.A. ordinance slaps moratorium on evictions ahead New! 2019-10-22 19:40:36L.A.'s emergency moratorium on no-fault evictions stops landlords from booting tenants before new statewide rental rules take effect.

Former L.A. Sparks owner Paula Madison opts to New! 2019-10-22 16:25:00In Studio City, former L.A. Sparks owner and NBCUniversal executive Paula Madison is asking $5.199 million for her modern home in Fryman Estates.

Lourdes Hernández lists hip Mediterranean home in Los 2019-10-22 15:09:11Indie-folk singer and artist Lourdes Hernández listed her Mediterranean-style home in Los Feliz for sale at $1.885 million.

Craig T. Nelson seeks $14 million for 5-acre 2019-10-22 12:51:47Actor Craig T. Nelson has listed a roughly five-acre estate on the North Shore of Kauai for sale at $14 million.

Carbon38 co-founder Katie Warner Johnson is disrupting activewear 2019-10-22 11:02:32The brand began in Katie Warner Johnson's studio apartment. With support from Foot Locker, Carbon38 is going after male-led Nike, Under Armour, Adida

First look: Kawhi Leonard's New Balance ad takes 2019-10-22 10:00:18Viewers of the Lakers-Clippers broadcast on Tuesday will see a New Balance ad featuring Clippers star Kawhi Leonard.

Column: A brilliant economist diagnoses the U.S. healthcare 2019-10-22 09:00:45The late Uwe Reinhardt, in a final, posthumous book, explains everything you need to know about our dysfunctional healthcare system.

California ditched coal. The gas company is worried 2019-10-22 09:00:12Southern California Gas is engaged in a wide-ranging campaign to preserve the role of its pipelines in powering society.

What if a delivery drone falls on your 2019-10-22 08:00:58Google sibling Wing just launched commercial drone delivery in the U.S., and other companies are pursuing it. Questions about privacy, noise and liabi

Column: Van Nuys woman wins $750,000! Except for 2019-10-22 08:00:15Sweepstakes and lottery scams are growing more sophisticated. Here's what you need to know.

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.

NYT > Economy

A Scotch Maker’s Challenge: First Brexit. Now Tariffs. 2019-10-17 16:24:40The 25 percent U.S. tariffs to be imposed Friday are causing headaches for single malt distilleries, already struggling with Brexit.

Working to Benefit Society, Not Just Companies 2019-10-17 11:44:33Andrew Kassoy and the other two co-founders of B Lab are encouraging businesses to focus on more than just profits.

G.M. and U.A.W. Reach Deal That Could End 2019-10-16 19:47:16The accord reportedly includes wage increases and lump-sum payments, along with a formula for temporary workers to become full-time employees.

What’s Really in the Trade Deal Trump Announced 2019-10-15 17:42:11The partial trade deal hasn’t been signed and some details still have to be negotiated, but it could help some American firms.

Nobel Economics Prize Goes to Pioneers in Reducing 2019-10-14 18:37:26Three professors, Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard, were honored.

Wall Street’s Sky-High Expectations Are About to Collide 2019-10-14 03:00:10As companies start reporting quarterly earnings this week, what they say about the future could jolt the stock market.

The Week in Business: Facebook’s Role in Impeachment 2019-10-13 07:00:06Plus, the N.B.A.’s multibillion-dollar relationship with China hits a snag.

Candidates Grow Bolder on Labor, and Not Just 2019-10-12 16:06:00Ambitious moves to shift power to workers are being embraced by several Democratic presidential contenders.

Trump Reaches ‘Phase 1’ Deal With China and 2019-10-11 21:32:45President Trump said he had reached an agreement with China to walk back tensions in the trade war as he met with a top Chinese envoy Friday

Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11 19:32:36Stripe, Mastercard, Visa and eBay said they were dropping out of the effort, a week after PayPal pulled out.

Fed Unveils Plan to Expand Balance Sheet but 2019-10-11 18:29:44The Federal Reserve is acting after a shortage of dollars in an obscure corner of the financial markets required intervention.

They Run the World’s Biggest Countries. Their Talk 2019-10-11 08:45:43As Narendra Modi of India and Xi Jinping of China meet, a host of potential conflicts are sharing the room with them.

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NCLAT hauls up Vikram Bakshi, asks him to New! 2019-10-23 08:41:21Appellate tribunal asks Bakshi, his wife to deposit Rs 5 crore each as security before flying out of country

PNB-UBI-OBC merger: Automated HR integration to quell staff New! 2019-10-23 08:33:49All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

Sebi starts probe into whistleblower's complaint against Infosys New! 2019-10-23 08:30:39Sources said the regulator has already asked the stock exchanges to collate trading data of Infosys' shares as well as about derivative positions

HCL Tech Q2 net profit up 6.9% to New! 2019-10-23 08:12:10Its revenue from operations grew 18 per cent to Rs 17,527 crore in the quarter under review, from Rs 14,860 crore in the year-ago period

SpiceJet to set up first overseas hub in New! 2019-10-23 08:09:22The emirate would be SpiceJet's first international hub as the carrier looks to boost its connectivity to the Gulf as well as to European destination

L&T Q2 net up 7% to Rs 2,770 New! 2019-10-23 08:07:31Consolidated revenues up 15% to Rs 35,328 crore

Govt relaxes fuel retailing norms, private firms can New! 2019-10-23 08:03:37These entities would be required to install facilities for marketing at least one new generation alternate fuel, like CNG, LNG, biofuels, electric cha

39 bodies found in a truck container near New! 2019-10-23 07:56:36A 25-year-old man from Northern Ireland has been arrested on suspicion of murder

BSNL-MTNL merger gets nod, firms can raise Rs New! 2019-10-23 07:21:57The revival package includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next four years

Cabinet raises support price by Rs 85 a New! 2019-10-23 07:12:43The CCEA has approved Rs 85 per quintal hike in wheat MSP to Rs 1,925 per quintal for the 2019-20 rabi crop, up from Rs 1,840 per quintal last year

Centre approves regularisation of all unauthorised colonies in New! 2019-10-23 07:05:29The move comes ahead of the Assembly polls in the national capital, scheduled for early next year

MARKET WRAP: Sensex up 95 pts; PSBs rally; New! 2019-10-23 06:28:32Sectorally, Nifty Auto and PSU Bank indices ended the day as top gainers, up between 1.3 to 1.8 per cent.


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