Global Glance: Thanksgiving, Black Friday sales up; Airbus to consolidate

Powered by The Associated Press

Here are today’s top business headlines from across the nation and world:

Saudi-Iran rivalries could scuttle tentative OPEC deal

VIENNA (AP) — Up to this week, chances that OPEC countries would agree to their first cut in output in eight years were looking good. Now, not so much. Saud Arabia is questioning the informal agreement made in September. And the desert kingdom, which accounts for about a third of OPEC’s output, normally prevails at ministerial meetings. The price of crude was down on Tuesday, reflecting investors’ caution about a final agreement being reached. Read more

First Data: Thanksgiving, Black Friday sales up 9 percent

NEW YORK (AP) — Shoppers put in a strong showing on Thanksgiving Day and Black Friday. Holiday spending rose 9 percent Thursday and Friday combined, compared with the same two-day period last year, according to First Data. The bump was fueled by shoppers turning to online deals. Read more

Planemaker Airbus plans 1,100 job cuts as it consolidates

PARIS (AP) — Airbus wants to cut more than 1,100 jobs as it consolidates its activities and seeks to better compete with U.S. rival Boeing and others amid growing global demand for planes. Airbus Group, parent of the plane maker, faces months of negotiations with unions after presenting a reorganization plan to the works council Tuesday in Toulouse. Read more

Report: Bill to protect miner’s benefits would save money

WASHINGTON (AP) — A bill to protect health care and pension benefits for about 120,000 retired coal miners would save money over the next decade, according to a new report. The report by the nonpartisan Congressional Budget Office comes as bill supporters ramp up efforts to pass the measure by the end of the year, when they say thousands of mining families could lose benefits. Read more

US economy grew at 3.2 percent in third quarter

WASHINGTON (AP) — The U.S. economy in the third quarter grew at the strongest pace in two years, with a revised report showing stronger consumer spending than first estimated. The Commerce Department says the gross domestic product, the country’s total output of goods and services, expanded at an annual rate of 3.2 percent in the July-September period. That is up from a previous estimate of 2.9 percent. Read more

Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students