BRUSSELS – The Latest on the European Union summit (all times local): Continue Reading Below 10:55 a.m. A new Polish prime minister makes his foreign debut at a European Union summit, a first test of whether the Western-educated former banker can bridge a deepening rift between his right-wing government and […]
FOX Business News
Wells Fargo trims staff in its giant mortgage unit
Wells Fargo & Co. laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny, according to people familiar with the matter. Continue Reading Below The San Francisco-based bank laid off around 40 people in recent weeks in […]
EU leaders gather, set to move Brexit talks into new phase
BRUSSELS – European Union leaders are gathering in Brussels set to move Brexit talks into a new phase as pressure mounts on Prime Minister Theresa May over her plans to take Britain out of the 28-nation bloc. Continue Reading Below Heated debate is also likely as the leaders thrash out […]
California wildfires prompt talks on tougher utility rules
SAN FRANCISCO – California utilities may face tougher safety rules for power lines, phone lines and utility poles in parts of the state most prone to wildfires. Continue Reading Below Under the proposed rules being considered Thursday by the California Public Utilities Commission, tree branches would have to be kept […]
Putin, in annual address, calls for modern Russia economy
MOSCOW – Russian President Vladimir Putin says he will seek to modernize the Russian economy if he’s re-elected to another term next March. Continue Reading Below Speaking at an annual news conference Thursday, Putin said that he wants to see Russia “aimed into the future,” make its economy more flexible […]
Greek workers walk off their jobs for 24-hour general strike
ATHENS, Greece – Greek workers have walked off their jobs for a 24-hour general strike that is shutting services across the country and suspending ferry services to and from the islands. Continue Reading Below Unions called Thursday’s strike to protest austerity measures that will continue beyond next year’s end of […]
Director of Colorado pension fund dies snorkeling in Hawaii
DENVER – The executive director of the board that oversees Colorado’s public employee pension fund died while snorkeling in Hawaii. Continue Reading Below Public Employees’ Retirement Association spokeswoman Katie Kaufmanis says 56-year-old Gregory Smith died Tuesday while vacationing with family and friends in Maui. Maui Fire Services Chief Edward Taomoto […]
Steady as she goes: ECB to keep money taps wide open
The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance. Continue Reading Below Meeting just six weeks after agreeing to halve asset buys, […]
Asian shares slip as Fed, China hikes dampen sentiment
HONG KONG – Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index dipped 0.3 percent to 22,694.45 while South Korea’s Kospi climbed […]
U.S. solar installations to fall more than expected in 2017
U.S. solar installations will fall more than expected this year, according to an industry report released on Thursday, due to weakened demand for residential systems and delays on large projects over concerns that President Donald Trump will impose tariffs on imported panels, increasing costs. Continue Reading Below In a quarterly […]