Economies

Most recent Economies blogs and columns

  • Workers gather on a square before the government headquaters in Wenling, east China's Zhejiang province to protest after an extensive crackdown on workplace safety standards forced the closure of more than 4,500 shoe factories. Local officials ordered extensive safety inspections of factories in Wenling after 16 people were killed when a fire broke out at a shoe factory on January 14, and closed more than 4,500 of those incurring violations, including inadequate firefighting equipment, unlicensed business activities, or building code violations.Thousands of demonstrators besieged the city government office on Monday to protest against the enforcement action, complaining that the closures were driving them out of business. (STR/AFP/Getty Images)

    Chinese Trade Group to Mediate Shoe Factory Strike

    BEIJING—Chinese police hauled away dozens of workers Friday to break up a march on a factory complex targeted by tens of thousands of laborers striking... Read more

  • Wal-Mart shopping carts sit outside of a store on February 20, 2014 in San Lorenzo, California.  (Justin Sullivan/Getty Images)

    Wal-Mart Jumps Into The Money Transfer Biz, Loudly

    NEW YORK—Wal-Mart is offering another incentive to its customers to spend more time at its stores. The world’s largest retailer introduced a new money transfer... Read more

  • In this March 7, 2014 photo, a realty sign hangs in front of a home for sale in Orlando, Fla. Freddie Mac reports on average U.S. mortgage rates for the week on Thursday, April 17, 2014.  (AP Photo/John Raoux, File)

    Average US 30-Year Fixed-Rate Mortgage Falls to 4.27 Percent

    WASHINGTON—Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said... Read more

  • FILE -  In this Thursday, May 30, 2013, photo, a job seeker stops at a table offering resume critiques during a job fair held in Atlanta. The Labor Department reports on the weekly jobless claims on Thursday, April 17, 2014. (AP Photo/John Amis, File)

    US Jobless Aid Applications Rise to 304,000

    WASHINGTON—The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels... Read more

  • FILE -  In this Thursday, May 30, 2013, photo, a job seeker stops at a table offering resume critiques during a job fair held in Atlanta. The Labor Department reports on the weekly jobless claims on Thursday, April 17, 2014. (AP Photo/John Amis, File)

    Applications for US Jobless Aid Up 2K to 304,000

    WASHINGTON— The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession... Read more

  • FILE - This Tuesday, Jan. 28, 2014 file photo, shows the door on a Chipotle Mexican Grill in Robinson Township, Pa. Chipotle reports quarterly earnings on Thursday, pril 17, 2014. (AP Photo/Gene J. Puskar, File)

    Chipotle 1Q Profit Misses View, Sales Surge

    DENVER— Mexican food chain Chipotle’s first-quarter net income rose 8 percent as higher costs offset a sales surge as more customers bought its burritos and... Read more

  • Goldman Sachs Earnings Fall 11 Percent

    NEW YORK— Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped. The bank earned $1.9 billion in the quarter, down... Read more

  • NY-based Co. Closing Syracuse-area Lab in July

    CICERO, N.Y.— An Albany-based pharmaceutical company that’s part of a $250 million economic development project in Buffalo is shutting down its Syracuse-area research center, eliminating... Read more

  • In this photo taken on Monday, April 14, 2014, incoming Nuclear Energy Agency chief William Magwood gestures during an interview with The Associated Press, in Paris. Tiny nuclear power plants that could be far cheaper to build than their behemoth counterparts could herald the future for an energy industry that has come under scrutiny since the Fukushima disaster. In the United States, Magwood hopes the modular reactors will replace outdated coal plants. (AP Photo/Thibault Camus)

    Tiny Power Plants Hold Promise for Nuclear Energy

    PARIS— Tiny nuclear power plants that could be far cheaper to build than their behemoth counterparts could herald the future for an energy industry that... Read more

  • Morgan Stanley’s Income Rose 18 Percent

    NEW YORK— Investment bank Morgan Stanley says its first-quarter income rose 18 percent from a year ago, helped by its trading and merger and acquisitions... Read more

  • FILE - This Jan. 23, 2012, file photo, shows a DuPont logo on sheets of Tyvek insulation covering a wall of a home under construction in Springfield, Ill.  DuPont's announced Thursday April 17, 2014 agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's industrial segments and margins improved in almost every one of them. (AP Photo/Seth Perlman, File)

    Heavy Winter Storms Weigh on DuPont During 1Q

    DOVER, Del.— DuPont’s agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the... Read more

  • Britain’s Co-op Posts Loss in ‘disastrous’ Year

    LONDON— The Co-operative Group, Britain’s largest mutual society, on Thursday posted a 2.5 billion-pound ($3.04 billion) loss for 2013, a year its chief executive called... Read more

  • Post Holdings to Buy Michael Foods for $2.45B

    ST. LOUIS— Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post’s... Read more

  • Weak Barbie Sales Weigh On Mattel 1Q

    EL SEGUNDO, Calif.— Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season... Read more

  • Workers labor in the Motorola smartphone plant in Fort Worth, Texas, Sept. 10, 2013. (AP Photo/LM Otero, File)

    US Factory Output Grew for Second Straight Month in March

    WASHINGTON—U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more... Read more

  • In this photo made on Friday, March 28, 2014, workers continue construction on a housing plan in Zelienople, Pa. (AP Photo/Keith Srakocic)

    US Home Building Up in March After Frigid Winter

    WASHINGTON— U.S home construction rose in March to the highest level in three months as builders resumed work at the end of a frigid winter... Read more

  • Bank Of America Posts Loss, Hurt By Legal Expenses

    CHARLOTTE, N.C.— Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses. The... Read more

  • Russian Economy Hit by Ukraine Turmoil

    MOSCOW— Russia’s economy slowed sharply in the first three months of the year as uncertainty over the crisis in Ukraine spooked investors into pulling money... Read more

  • FILE - In this March 31, 2014 file photo, Federal Reserve Chair Janet Yellen speaks to community development professionals at the National Interagency Community Reinvestment Conference in Chicago. Yellen said Tuesday, April 15, 2014 that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress. (AP Photo/Paul Beaty, File)

    Yellen Signals More Aggressive Stance Toward Banks

    WASHINGTON—The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current... Read more

  • Eric Henry gases up his car in Sacramento, Calif. March 7, 2014. (AP Photo/Rich Pedroncelli, File)

    US Consumer Prices Barely Rise in March

    WASHINGTON—Lower U.S. gasoline prices kept consumer inflation in check last month, helping offset higher costs for food and clothing. The Labor Department said Tuesday that... Read more


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