Stories about Business

Jun 16 2018

Theranos founder Elizabeth Holmes indicted on wire fraud charges

Holmes and Theranos reached a settlement with the SEC, while the SEC said it would take its case against Balwani to court. They are also accused of defrauding doctors. An...

Jun 16 2018

Trump's China tariffs met with retaliation threats from Beijing

The White House placed the tariffs on $50 billion worth of Chinese imports to punish intellectual property crime and other unfair trade practices that the administr...

Jun 14 2018

Federal Reserve bumps up U.S. interest rate, signals two more in 2018

Yields earlier swung between gains and losses as investors awaited guidance about whether policy makers see enough pressure on prices to increase their projected pace o...

Jun 13 2018

Tesla to cut thousands of jobs in search for profit

The layoffs are "almost entirely" in salaried positions and won't impact Tesla's efforts to increase Model 3 production, Musk said. Musk says the company is motivat...

Jun 13 2018

Trump trade adviser: Harsh comments against Trudeau were a ‘mistake’

In a post-signing news conference and in an interview with ABC News, the president recounted how miffed he was to hear Trudeau's G7 wrap-up news conference, where the ...

Jun 13 2018

Judge approves $85 billion AT&T-Time Warner deal

United States district judge Richard Leon sided with AT&T, approving the deal without conditions . AT&T, in turn, said it needs Time Warner to have a fighting chanc...

Jun 12 2018

Bitcoin plummets after cyberattack on South Korea exchange

Although the exact amount of the coins stolen was not specified, local news outlet Yonhap has suggested that the total value of stolen cryptocurrencies is estimated at ...

Jun 11 2018

Verizon CEO McAdam retiring, Vestberg named successor - 6/8/2018 8:14:42 AM

Then in July 2016, Ericsson's board thanked Vestberg for his energy and leadership and said it was time for a new CEO to run Ericsson. The 52-year-old Vestberg will t...

Jun 10 2018

FIFA bans Ghana football boss for 90 days

GFA president Nyantakyi is also seen on video negotiating for a 25 percent cut of a sponsorship deal meant for the federation to be diverted to a company he owns. This ac...

Jun 10 2018

Trump believes 'progress made' in G7 trade talks

In addition to the USA and Canada , the group includes Britain, Italy, France, Germany and Japan. Trump has asked countries to end tariffs and trade barriers in his push...

Jun 09 2018

Porsche christens first electric the Taycan

The Porsche Taycan will arrive in 2019. Porsche AG named its first auto to directly compete with electric leader Tesla Inc. the Taycan , as the German manufacturer...

Jun 08 2018

ZTE Pays $1 Billion Fine in Settlement With U.S.

The fine announced today comes on top of $892 million ZTE has already paid for breaking US sanctions by selling equipment to North Korea and Iran. The Commerce Departme...

Jun 07 2018

Musk keeps firm grip on Tesla as shareholders get behind boss

Set to share many of its parts with the Model 3 sedan , the Model Y will essentially be a smaller version of the Model X and aim to become the most affordable, all-e...

Jun 06 2018

Ross arrives in Beijing for talks on trade surplus

U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday aiming to secure more Chinese purchases of U.S. goods and energy, days after Washington intensifi...

Jun 06 2018

Qatar Airways Chief Ignites Twitter with Sexist Row

The chief executive of Qatar Airways, who sits on the board of Heathrow airport, has inflamed a row over sexism in the airline industry by saying only a man could do his ...

Jun 04 2018

Microsoft to Acquire GitHub

The company has since grown to feature video game consoles (Xbox), consumer electronics, personal computers and cloud services (Microsoft Azure). Microsoft has reported...

Jun 04 2018

IOS 12 for iPhone and iPad: Everything you need to know

These are the requirements. Just make sure you've updated to the latest version of tvOS and find the Apple Events app on your home screen to tune in. The latest iOS ...

Jun 04 2018

Merkel congratulates Italy's new PM

She said she was "absolutely open to talking to the new Italian government about ways to help young people find work" given high levels of youth unemployment. Merkel sai...

Jun 03 2018

Google retreating from military Artificial Intelligence project

Known as Project Maven , the controversial pilot program involves Google providing artificial intelligence capabilities to the DoD for the analysis of drone footag...

Jun 03 2018

Sears store in Eau Claire will remain open

The closures in MI are part of the company's plan to shed 63 more unprofitable Sears and Kmart stores from its portfolio as the Illinois-based department store's do...