Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the…
AP Wire
US consumer spending rose a moderate 1.4% in September
WASHINGTON — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding…
Exxon, Chevron lose $887 million as pandemic pain continues
NEW YORK — Exxon Mobil lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the need for…
German GDP saw 8.2% bounce-back in third quarter
BERLIN — The German economy bounced back strongly in the third quarter compared to the previous three months, when the country was hit by the…
Chinese promise market opening amid technology push
BEIJING — China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said today. The…
Colgate-Palmolive: 3rd quarter earnings snapshot
NEW YORK — Colgate-Palmolive Co. today reported third-quarter earnings of $698 million. On a per-share basis, the company said it had net income of 81…
Under Armour: 3rd quarter earnings snapshot
BALTIMORE — Under Armour Inc. today reported third-quarter profit of $38.9 million. On a per-share basis, the company said it had net income of 9…
Phillips 66: 3rd quarter earnings snapshot
HOUSTON — Phillips 66 today reported a third-quarter loss of $799 million, after reporting a profit in the same period a year earlier. The company…
Exxon, Chevron to cut US jobs as oil industry struggles
NEW YORK — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce, and Chevron plans to cut a quarter of the employees at its…
IMF blames resurgent coronavirus for UK growth downgrades
LONDON — The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration in the…