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ABC News: Money

Pakistan avoids terror financing blacklist _ for now New! 2019-10-18 08:53:54An international monitoring agency has given Pakistan four months to prove that it is fighting terrorism financing and money laundering, or else it co

Despair in Burgundy and beyond, as US tariffs New! 2019-10-18 08:44:01Some $7.5 million in U.S. tariffs on European food and wine took effect Friday.

American Express 3Q profits rise 8% New! 2019-10-18 08:28:49American Express says 3Q profits rose by 8%, helped by higher fees and more card members carrying a balance

Global markets brush off disconcerting data out of New! 2019-10-18 08:09:42Global markets take weak economic data out of China in stride

No-sugar drinks and innovations power Coke in 3Q New! 2019-10-18 07:36:41Coke makes inroads with no-sugar drinks and new products like Coca-Cola Plus Coffee

EU leaders rubber stamp Lagarde's ECB appointment New! 2019-10-18 07:10:25European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank

China's economic slowdown deepens, weighing on global growth New! 2019-10-18 07:06:42China's quarterly economic growth sinks to 26-year low amid tariff war with Washington, adding to deepening slump that weighs on global growth

In protest clouds, Hong Kong tourists see silver New! 2019-10-18 06:40:12The body-blow of months of political protests on Hong Kong's tourism is verging on catastrophic for one of the world's great destinations

World finance officials facing host of problems New! 2019-10-18 01:53:12Leaders of IMF and World Bank facing host of issues from trade wars to slow growth

New Zealand sale announcement highlights TV's struggles New! 2019-10-18 01:00:36New Zealand broadcaster MediaWorks announces plans to sell its struggling television business, leaving hundreds of workers wondering if they'll still

Asian shares fall back after China reports economy New! 2019-10-18 00:02:02Asian shares mostly lower back after China reports economy weakened

Energy Secretary Perry says he is resigning by New! 2019-10-17 22:37:27Energy Secretary Rick Perry says he will leave his job by the end of the year

Reuters: Business News

Exclusive: Lampert helps bankroll Sears as woes persist New! 2019-10-18 09:25:20U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a yea

Wall Street tracks flat open as earnings counter New! 2019-10-18 09:16:04Wall Street was set to open flat on Friday, as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace

Judge's unorthodox approach has huge opioid settlement within New! 2019-10-18 09:05:13From the start of the sprawling U.S. litigation seeking to hold drugmakers and distributors liable for the country's opioid epidemic, Judge Dan Polst

Zero-sugar sodas, smaller soft drink cans drive Coca-Cola New! 2019-10-18 08:38:09Coca-Cola Co beat Wall Street estimates for quarterly revenue on Friday as customers took to smaller-sized cans of its sodas, including Coca-Cola Zer

Kansas City Southern profit beats on increased petroleum New! 2019-10-18 08:37:16Railroad operator Kansas City Southern on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel products and

Wall Street Week Ahead: Tech haves and have-nots New! 2019-10-18 08:34:03Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as repo

How a small aluminum maker won U.S. trade New! 2019-10-18 08:20:59When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and

Schlumberger profit beats as international gains offset weak New! 2019-10-18 08:20:26Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activi

Shares sapped by poor China growth, dollar gets New! 2019-10-18 08:06:06World stocks flatlined after China posted its weakest growth in nearly three decades on Friday, while the dollar headed for its worst week in almost f

Oil ticks up as rising crude stocks are New! 2019-10-18 08:05:10Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world's biggest oil consumer, was countered by bullish signals

American Express profit beats Wall Street estimates on New! 2019-10-18 07:58:09Credit card issuer American Express Co reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay

Tesla's Nuerburgring run revs up debate over speed New! 2019-10-18 07:54:44Tesla Inc's attempts to humble Porsche with a new lap record on Germany's legendary Nordschleife racetrack have reignited a controversy about the v

L.A. Times - Business

Caregivers for disabled worked 87 hours a week New! 2019-10-18 09:00:09Orange County residential care homes will pay $1.1 million in back wages and penalties to 66 workers in federal lawsuit settlement, as experts cite wi

Top sales: September sees a slew of off-market New! 2019-10-18 08:30:39A lifestyle entrepreneur, a music executive and drag queen were among the movers and shakers making waves in Los Angeles County's high-end real estat

Column: Trump is creating a task force to New! 2019-10-18 08:00:42The Consumer Financial Protection Bureau says its task force will "examine ways to harmonize and modernize federal consumer financial laws."

Take a rare look inside architect Edward Killingsworth's New! 2019-10-18 08:00:14Renowned for his Case Study Houses and other landmark projects, the architect built his family a home that served as an exemplar of his work manipulat

Hollywoodland home with decades of star appeal comes New! 2019-10-17 19:40:33A Hollywoodland home where early film star Gale Sondergaard once lived has come on the market for $4.537 million.

France accuses Google of flouting EU copyright law New! 2019-10-17 19:07:25A French law requires Google to pay publishers if it shows previews of their articles in search results. Google says it won't pay.

Scotch whiskey distilleries rush to beat Trump's tariffs New! 2019-10-17 17:03:35Distilleries have taken to flying their whiskey across the Atlantic in a rush to get bottles into the U.S. before Trump's trade tariffs take effect.

Sweetgreen's Jonathan Neman serves up his Venice canal New! 2019-10-17 16:22:16Sweetgreen co-founder Jonathan Neman is asking $5.495 million for his stylish three-story home on the canals of Venice.

Column: California's pot tax came in way below 2019-10-17 14:02:08California officials are wondering why marijuana taxes haven't turned out to be a cash cow. Here the reason.

For $60 a night, you can stay in 2019-10-17 13:06:00Airbnb users will soon have the opportunity to live in a Barbie world. Mattel has listed its Malibu Dreamhouse to celebrate the doll's 60th anniversa

Column: The hedge fund battle to control PG&E 2019-10-17 11:00:05A gang of Wall Street hedge funds is jousting to own PG&E, leaving Californians with nothing but bad choices.

What $900,000 buys right now in three Orange 2019-10-17 08:30:32Here's a look at what roughly $900,000 buys right now in Fullerton, Lake Forest and Huntington Beach in Orange County.

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. New! 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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India's fuel demand dips to lowest in over 2019-10-16 09:02:41Diesel, the most used fuel in the country, saw demand drop by 3.2 per cent to 5.8 million tonnes, while naphtha sales were down by a quarter to 844,00

Reliance could be the first to hit $200 2019-10-16 08:25:10In a report, Bank of America Merrill Lynch said the key drivers to achieve this feat are new commerce ventures in unorganised retail market, entry int

Mindtree September quarter net profit down 34.6% YoY 2019-10-16 07:58:47The Bengaluru-based company saw its revenue grow 9.1 per cent to Rs 1,914.3 crore in the quarter under review from Rs 1,755.4 crore in the year-ago pe

Supreme Court concludes Ayodhya land dispute hearing; reserves 2019-10-16 07:22:29The bench, after hearing the case for 40 days, concluded the arguments in the matter

PNB Housing to raise up to Rs 10,000 2019-10-16 07:08:54The company's board will meet on October 24 to declare quarterly earnings for the second quarter of this fiscal and will also consider proposal to ra

SC order on recusal of Justice Mishra from 2019-10-16 07:05:39Senior advocate Shyam Divan and other counsels appearing for various farmer associations and individuals said that Justice Mishra should recuse himsel

INX Media case: Delhi court issues production warrant 2019-10-16 06:38:08The ED has sought 14 day custodial interrogation of the 74-year old senior Congress leader

MARKET WRAP: Sensex gains 93 pts, Nifty ends 2019-10-16 06:34:16All that happened in markets today.

ICRA downgrades rating outlook for one third of 2019-10-16 06:19:42In addition to a slower tendering activity, the sector also faces concerns over delayed payments

Fundamentals of economy 'very very strong', says CEA 2019-10-16 05:57:16The CEA further said the slowdown in the economy is due to a decline in investment, which is a key driver

Bajaj Chetak makes a comeback in electric avatar, 2019-10-16 05:56:43The e-scooter was unveiled by Transport minister Nitin Gadkari in presence of Niti Aayog CEO Amitabh Kant and Bajaj Auto Managing Director Rajiv Bajaj

GIC Re, New India Assurance soar 20% in 2019-10-16 05:27:04The general insurance industry in September grew by almost 40 per cent to Rs 19,047 crore.


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