Economies

Gilead To License Generic Version Of Sovaldi

Gilead Sciences says it has reached a deal with several generic drugmakers to produce cheaper versions of its popular, expensive hepatitis C drug Sovaldi for...




  • In this Tuesday, Aug. 19, 2014 photo, a woman passes an active wear display at a J.C. Penney store, in New York. The Commerce Department releases retail sales data for August on Friday, Sept. 12, 2014. (AP Photo/Richard Drew)

    U.S. Retail Sales Rise in August on Auto Sales

    WASHINGTON — Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer... Read more

  • Challenges when negotiating in Spain and Latin America. (iStock/Getty Images)

    Challenges for Negotiators in Spanish Speaking Countries

    BUENOS AIRES—According to the World Economic Forum (WEF), problems are afflicting many countries in Latin America when it comes to doing business. Corruption, taxes, and... Read more

  • In this Nov. 23, 2011, photo an American flag flies from the US Capitol in Washington. The federal government ran a lower budget deficit in August 2014 than a year ago, remaining on track to record the lowest deficit for the entire year since 2008. Worries over the timing of a US rate hike, economic weakness in China and an impending referendum on Scottish independence kept a lid on global stock markets Wednesday, Sept. 11, 2014. (AP Photo/Carolyn Kaster)

    Stocks Close Mixed; Health Care Companies Sink

    NEW YORK—U.S. stocks are ending mixed as traders consider the outlook for interest rates, the latest sanctions against Russia and volatile energy prices. Healthcare stocks,... Read more

  • In this June 23, 2014, photo recruiter Christina O. (L) with New Western Acquisitions meets with employment seekers during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Sept. 4, 2014. (AP Photo/Matt Rourke)

    Unemployment Benefits Extension 2014: US Budget Dips to $128B in August

    WASHINGTON—The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire... Read more

  • A Yes supporter crashes a Labour Better Together rally on Buchanan Street in Glasgow, Scotland, as the campaign ahead of the Scottish independence referendum intensifies, Thursday Sept. 11, 2014. The referendum on Scotland's independence takes place on September 18. (AP Photo/PA, Danny Lawson)

    Scottish Banks to Move if Independence Is Approved

    GLASGOW, Scotland—Scotland’s leading banks warned Thursday that they would move their headquarters to England if Scots vote to leave the United Kingdom, intensifying doubts about... Read more

  • French President François Hollande (L) poses Economy Minister Emmanuel Macron following the presentation of the "34 plans for the new industrial France" Tuesday, Sept. 9, 2014, at the Elysee Palace in Paris. (AP Photo/Patrick Kovarik)

    European States Struggle With Draghi’s Challenge

    FRANKFURT, Germany—European Central Bank head Mario Draghi made the first move in his grand plan to rescue the economic recovery. Now it’s over to the... Read more

  • Ukrainians hold posters during a remembrance ceremony in memory of the Sept. 11 terror attacks in the United States and memory of the people, who died during the Boeing 777, Malaysia Airlines flight MH17 crash in eastern Ukraine at the monument of victims of terror in Kiev, Ukraine, Thursday, Sept. 11, 2014. Text reads: 'People have a right to life'.(AP Photo/Efrem Lukatsky)

    European Union Hits Russia With New Economic Sanctions Over Ukraine

    BRUSSELS—The European Union has decided to slap new economic sanctions on Russia — including ones targeting the country’s vital oil industry — for what it... Read more

  • Signs welcome visitors to a model home as construction is under way at a housing development in Zelienople, Pa. Wednesday, Sept. 10, 2014. (AP Photo/Keith Srakocic)

    30-Year Mortgage Rate Rises Slightly to 4.12 Percent

    WASHINGTON—Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. Mortgage company Freddie Mac said Thursday the nationwide... Read more

  • In this June 12, 2014 photo, Laura MacDonald, 25, interviews for an administrative sales position at the Cleveland Career Fair in Independence, Ohio.  The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday Sept. 11, 2014 at 8:30 a.m. Eastern.(AP Photo/Tony Dejak)

    Unemployment Aid Applications Rise to 315K

    WASHINGTON—More people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low. The Labor Department says that... Read more

  • RadioShack Corp. announced plans to close nearly 1100 of its electronics stores in the coming months. (Justin Sullivan/Getty Images)

    RadioShack Says it May Need More Capital

    NEW YORK— RadioShack says it may need more capital to help complete its turnaround efforts. CEO Joseph Magnacca said in a statement on Thursday that... Read more

  • A woman walks past an electronic board of a local bank showing the Hong Kong share index in Hong Kong Wednesday, Sept. 10, 2014. Global stocks sank under the weight of worries about the possible timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence. Hong Kong's Hang Seng fell 1.9 percent to 24,705.36. (AP Photo/Vincent Yu)

    World Stocks Down as Fed’s Next Policy Move Mulled

    SEOUL, South Korea— Asian stocks erased gains and European markets were lower Thursday as investors tried to second guess the Federal Reserve’s thinking on the... Read more

  • A Scottish Saltire flag flies over Lambeth Town Hall on Sept. 10, 2014, in London, England. English councils and national government buildings have been asked to fly the national flag of Scotland. Scottish voters will take part in a referendum on Sept. 18, 2014, to decide on independence. (Peter Macdiarmid/Getty Images)

    All Roads Lead to Greenback Strength: Secession Risks Emerge as Draghi Goes All-In

    Financial markets became a lot more uncertain with a number of risk factors coming to the fore and the U.S. dollar benefitting over the observation... Read more

  • Russian president Vladimir Putin during a press conference in Brussels on January 28, 2014. (Georges Gobet/AFP/Getty Images)

    €250M Euro From European Union to Agriculture Which Is ‘Made in Italy’

    ROME—Brussels takes action to help European countries affected by the Russian embargo against the agri-food sector. Big money especially supports agricultural and cheese producers, who... Read more

  • Rosemary Anderson of Watsonville, Calif., testifies on Capitol Hill in Washington, on Sept. 10, 2014, before the Senate Aging Committee hearing to examine Older Americans and student loan debt. Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage, the 57-year-old anticipates there could come a day when her Social Security benefits will be docked to make the payments. Like Anderson, a growing percentage of aging Americans struggle to pay back their student debt. Tens of thousands of them even see their Social Security benefits garnished when they cannot do so. (AP Photo/Lauren Victoria Burke)

    Senior Americans Burdened With Student Debt

    WASHINGTON—Rosemary Anderson could be 81 by the time she pays off her student loans. After struggling with divorce, health problems and an underwater home mortgage,... Read more

  • In this Feb. 3, 2011, photo a United Express jet takes off from Houston's Bush Intercontinental Airport in Houston. The regional airline industry may soon face the kind of consolidation that thinned the ranks of the largest airlines from eight between 2008 and the end of 2013. (AP Photo/Pat Sullivan)

    Regional Airlines Not Sharing in Big Companies’ Success

    DALLAS—For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they’re likely flying on a regional... Read more

  • This July 15, 2013, photo shows the New York Stock Exchange in New York. Worries over the timing of a US rate hike, economic weakness in China and an impending referendum on Scottish independence kept a lid on global stock markets on Sept. 10, 2014. (AP Photo/Mark Lennihan)

    US Stocks Are Mixed Following Two Days of Losses

    NEW YORK—U.S. stocks were drifting between small gains and losses on Wednesday following two days of losses. Worries over the timing of a U.S. rate... Read more


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