Economy News

Avon Products settles bribery charges for $135M

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Avon settles charges of China bribery for $135 million…

Wealth gap widens between whites and minorities

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The economic recovery has not been equal among the races, according to a Pew Research Center study…

House approves $1.1T bill financing government

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Swapping crisis for compromise, the House narrowly approved $1.1 trillion in government-wide spending Thursday night…

McDonald’s to trim menu and examine ingredients

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McDonald’s is planning to trim its menu, review its cooking methods and maybe even get rid of some of the ingredients…

Chinese leaders affirm commitment to slower growth

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Chinese leaders on Thursday affirmed their commitment to a “new normal” of slower economic growth next year…

Gas prices drop sharply in Bay Area and nationwide

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Average gas prices fell 24 cents in California last month and further in the Bay Area, continuing a downward trend seen across the country…

Gas expected to average $2.60 next year

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The Energy Department again slashed its prediction for next year’s average price of gas to $2.60 a gallon…

More Americans to buy homes with 3 percent down

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Some Americans will soon be able to buy a home with a down payment as low as 3 percent…

November job gains surge to nearly 3 year high

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A burst of U.S. hiring in November – the most in nearly three years – added 321,000 jobs…

China overtakes US as world’s largest economy

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China has overtaken U.S. as the world’s largest economy…