Economy

Filter

U.S. economy grew 2.1 percent in Q4 2019

By Martin Crutsinger, Associated Press

The economy grew at the end of last year, but damage from the spreading novel coronavirus is likely depressing growth in the current quarter and for 2020 as a whole.

Utility to pay $53 million for blasts that damaged homes, killed 1

By Alanna Durkin Richer, Associated Press

Authorities said Wednesday that Columbia Gas of Massachusetts has agreed to plead guilty to violating the Pipeline Safety Act and pay the largest criminal fine ever imposed under the law.

Trump, U.S. officials send mixed messages on coronavirus risk

By Ricardo Alonso-Zaldivar, Jonathan Lemire, Associated Press

President Donald Trump and his chief economic adviser say coronavirus is under control in the U.S., even as the government's top disease fighters warn Americans to prepare for an outbreak.

Hot Pockets heir gets 5 months in prison for college scam

By Alanna Durkin Richer, Associated Press

Janavs apologized for trying to create an unfair advantage for her children. Her lawyers portrayed her as a dedicated mother and philanthropist who fell for "manipulative sales tactics."…

Stocks sink, bonds soar on fears coronavirus will stunt economy

By Alex Veiga, Stan Choe, Associated Press

The losses came a day after the market's biggest drop in two years. Investors plowed money into bonds, sending the yield on the 10-year Treasury to a record low.

Disney CEO Bob Iger steps down, Bob Chapek named new head

By Associated Press

Iger says it was an "optimal time" for him to step down following Disney's acquisition of Fox's entertainment assets and the launch of Disney Plus streaming service in November.

Drugmaker Mallinckrodt reaches $1.6 billion opioid settlement

By Geoff Mulvihill, Associated Press

The English company was one of the highest-volume opioid producers in the U.S. and is seeking bankruptcy protection as part of the deal.

JPMorgan cuts back lending to coal companies and Arctic drillers

By Ken Sweet, Associated Press

The bank will only lend to power companies to build coal power plants when the design includes carbon capture technology and will not finance new projects involving oil and gas development in the Arctic.

Long-term survivors of HIV/AIDS reflect on what they’ve witnessed and endured

By Grace Birnstengel, Next Avenue

"Those of us who are longtime survivors — there are other things popping up now because we weren’t expected to live this long," one HIV survivor said.

Trump expresses optimism about eventual U.S.-India trade deal

By Jonathan Lemire, Jill Colvin, Associated Press

President Donald Trump emerged from a pair of meetings with Indian Prime Minister Narendra Modi citing progress toward a deal but offering no details.