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Productivity Down 4.2%, Largest Decline in Nearly 40 Years

U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised figure released by the Labor Department Thursday

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UK Competition Watchdog Investigates Apple’s App Store

U.K. authorities have launched an investigation into Apple’s App Store over concerns it has a dominant role that stifles competition and hurts consumers. The Competition and Markets Authority said Thursday

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EU Wants Employers to Report Pay Levels to Fix Gender Gap

The European Union executive wants to force employers to be much more open about how much their staff earn to make it easier for women to challenge wage imbalances and

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With latest moves, Fed becomes creditor in chief for U.S. business

In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart

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How the Fed’s latest move will get money to Main Street

The U.S. Federal Reserve said on Monday it would backstop an unprecedented range of credit for households, small businesses and major employers in an attempt to stop the economy from

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GM accelerates ‘Project V’ to build ventilators in Indiana

General Motors Co (GM.N) and medical equipment maker Ventec are speeding up efforts under a partnership code-named “Project V” to build ventilators at a GM plant in Kokomo, Indiana, to

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Twitter ad sales hit by coronavirus but active users soar

Twitter Inc TWTR.O pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of

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