Business News

CEO walks back pledge to fix homes damaged in…

The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others has backtracked on a pledge to fix the hundreds of structures damaged by the blast

Apple holiday season tops projections as iPhone…

Apple is still reaping huge profits from the iPhone

Autistic futures trader who triggered crash…

A U.S. judge has sentenced a socially awkward math whiz-turned-futures trader who helped trigger a U.S. stock market “flash crash” from his parents’ suburban London home to time served and a year's home confinement

Tailgate woes cause Ford F-150 recall in Canada…

Ford is recalling its popular F-150 pickup in Canada to fix a problem with electric tailgate latches

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Mexico tries to sell presidential jet to Canada; raffle next

Mexico is trying to sell its luxurious presidential jet to Canada, but will raffle off the plane if the Canadians don't want it

Bad timing: New virus poses threat to fragile…

China's new virus is striking at a bad time for the world economy

Budget deficit to break $1 trillion despite…

An annual congressional report says that the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy

How major US stock indexes fared Tuesday

U.S. stocks closed broadly higher Tuesday, reversing a big portion of their losses from a sharp sell-off the day before

Strike by Seattle nurses, staff closes emergency…

A three-day strike by thousands of nurses, staff members and other caregivers has closed two hospital emergency departments in the Seattle area

Nucor, Whirlpool rise; Harley-Davidson, Pfizer fall

Stocks that moved heavily or traded substantially on Tuesday: Nucor, Whirlpool rise; Harley-Davidson, Pfizer fall

'American Dirt' Latino backlash part of long publishing war

“American Dirt,” a novel about migrants from Mexico and cartel violence, continues to draw criticism from some Latino writers and activists

In grinding manufacturing slump, 3M cuts another…

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M

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Trump taps ex-Tennessee House speaker for US…

President Donald Trump has nominated a former Tennessee House speaker to serve on the board of directors of the nation's largest public utility

What's next for the Keystone XL pipeline in South…

Plans for construction of the Keystone XL oil sands pipeline inched forward last week with several approvals at the federal and state levels

US consumer confidence shows solid gain in January

U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market

Stocks indexes gain on Wall Street a day after a…

Stocks are closing broadly higher on Wall Street, reversing most of their losses from a sell-off the day before

US home price gains accelerate amid smaller…

U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values

Orders for US durable goods advance 2.4% in…

Orders to U.S. factories for big-ticket manufactured goods rose 2.4% in December, led by defense surge

Experts say UK should lower salary threshold for…

Immigration experts say Britain should lower the salary threshold for immigrants as part of new rules brought in after the U.K. leaves the European Union later this week

BorgWarner to buy rival auto parts supplier Delphi for $3.3B

Auto parts supplier BorgWarner is acquiring Delphi Technologies in an all-stock deal valued at approximately $3.3 billion, partly to help strengthen its power electronics products

Greece says landmark 15-year bond auction…

Greece raised 2.5 billion euros ($2.75 billion) in a 15-year bond auction on Tuesday at a low interest rate, as the country borrowed beyond the scope of a bailout-repayment relief plan for the first time

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'Confused and angry': Brexit unsettles EU…

As Britain prepares to leave the European Union on Friday, many EU citizens in the country say they feel anxious, angry and abandoned

Pfizer posts 4Q loss, misses Street views, on…

Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and a miss of Wall Street's profit expectations

Millennial Money: Recession jitters and your finances

While the timing and severity of a recession may be out of your control, your own finances don’t have to be, and the decisions you make today can help insulate you should an economic downturn arrive