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Economy

ABC News: Money

United Airlines boosts profit on more revenue, cheaper 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 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 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 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 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 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 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 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 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 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 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 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

Commonwealth Bank of Australia's pension arm hit with New! 2020-01-22 17:49:50Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not act

Canadian judge approves C$196.5 mln Volkswagen fine for New! 2020-01-22 17:46:40A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of c

Australia's Westpac hires veteran banker McFarlane as chairman New! 2020-01-22 17:41:59Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Barclays boss to help steer it through the

Boeing CEO expects to resume 737 MAX production New! 2020-01-22 17:39:30Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted

Boeing's new CEO orders rethink on key jetliner New! 2020-01-22 17:39:30Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelv

Kinder Morgan profit, cash flow rise on Gulf New! 2020-01-22 17:38:08U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from the Permian B

Ford expects $2.2 billion pre-tax hit related to New! 2020-01-22 17:31:21Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its emp

Cathay to let crew wear masks on all New! 2020-01-22 17:22:10Hong Kong's Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronav

Tech sector pushes the S&P 500 to slight New! 2020-01-22 17:22:06Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coron

Stocks edge up, oil drops as China virus New! 2020-01-22 16:59:21World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, whil

Oil slides 2% as glut forecast, China virus New! 2020-01-22 16:53:35Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak o

U.S., Canadian oil company bankruptcies surge 50% in New! 2020-01-22 16:41:35The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a

L.A. Times - Business

Women suing Riot Games may deserve $400 million, 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 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. 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 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 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 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 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.