Business News

• 'Broken system' starves U.S. oil boom of immigrant workers October 13, 2019
  New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history.
• Emirates says airline can still fly to Mexico, despite court ruling October 13, 2019
  Emirates still has the right to offer flights to Mexico City, the Dubai state-owned carrier said on Sunday, after Mexican airline Aeromexico disputed an agreement between the United Arab Emirates and Mexico.
• What to watch in third quarter earnings from U.S. companies October 13, 2019
  U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.
• Lyft follows Uber in suing NYC over cruising time caps October 13, 2019
  Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.
• UAW boosts strike pay as GM walkout continues October 12, 2019
  The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week.
• One man dies as wind-driven Los Angeles wildfire forces 100,000 to flee October 12, 2019
  A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acres of dry brush and chaparral as 100,000 residents were forced to flee.
• U.S. outlines 'Phase 1' trade deal with China, suspends October tariff hike October 12, 2019
  U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.
• China's Xinhua focuses more on progress, less on a pending U.S. trade deal October 12, 2019
  U.S. officials on Friday promised a "Phase 1" deal with China on a host of conflicts from intellectual property to currency was imminent, but China's official state-owned news organization Xinhua struck a more cautious tone.
• Global risk 'confluence,' as tariffs, Brexit, weaker forecasts collide October 12, 2019
  Higher tariffs. Slower growth. The countdown to Brexit.
• Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline October 12, 2019
  The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's first year-over-year earnings per share decline in three years.