Stories about Business

Apr 29 2018

Matt Lauer Speaks Out to Deny Sexual Harrassment Allegations Against Him

Taking credit for his accuser's career and using it as leverage is a bad look, particularly when Vester was already an accomplished young journalist before she became an ...

Apr 28 2018

Ford is saying farewell to Fiesta, Fusion and Taurus

Ford this week announced it would withdraw almost all of the cars it sells from the North American market (via TechCrunch ). Hackett says the multi-year transition w...

Apr 28 2018

U.S. business spending on equipment cooling; labor market strong

Most experts view the setback as temporary against the milieu of a tightening labor market along with strong consumer confidence and business growth. Service-sector spe...

Apr 27 2018

Starbucks CEO to Meet With Black Men Arrested at Philadelphia Store

Less than a week after a Philadelphia Starbucks made headlines for calling the cops on two black men for waiting in their store, another Starbucks was accused of ...

Apr 27 2018

Amazon sales up 43% as it reports bumper growth

Earlier this month, Amazon CEO Jeff Bezos told shareholders that the service has more than 100 million members around the world. I do love my Prime subscription, bu...

Apr 26 2018

Ford to end production of all cars save Mustang, Focus

Ford's new strategy also includes committing to new propulsion choices, such as adding hybrid-electric powertrains to profitable vehicles such as the F-150 , Mustang , ...

Apr 26 2018

Comcast submits Sky offer, going head-to-head with Fox

In January, a United Kingdom regulator advised that the government should block the Fox bid to buy the remaining 61% of Sky because it would give one family - the Mur...

Apr 25 2018

Shire says willing to recommend Takeda's $64 billion offer to shareholders

If successful, the sweetened $60B cash/stock offer would mark the largest-ever Japanese acquisition of a western firm and propel Takeda into the top-ranks of global drug ...

Apr 24 2018

US Offers To Lift Sanctions On Russia's Rusal If Deripaska Cedes Control

The company forecast a supply deficit for both alumina and aluminum . Rio Tinto (RIO) said it could no longer fulfill supply contracts for alumina sourced from joi...

Apr 24 2018

Alphabet's profit jumps 73 percent in first quarter

Alphabet's shares rose more than 4% in after-hours trading immediately following the earnings announcement, but retreated. The company has a market capitalization of $...

Apr 23 2018

Air India Flight Hit By Major Turbulence, At Least 3 Injured

Besides Air India, aviation regulator Directorate General of Civil Aviation (DGCA) and Aircraft Accident Investigation Board (AAIB) are probing the incident, which happen...

Apr 21 2018

SFO passengers relieved government to require inspections after fatal Southwest incident

Metal fatigue is a weakening of metal from repeated use and involves microscopic cracks. The explosion sent shrapnel ripping into the fuselage of the Boeing 737-700 pl...

Apr 21 2018

ZTE fights back against United States ban

It said as well that it introduced a compliance training program and in just 2017, spent more than $5 million in a compliance program for export control. Basically, it ha...

Apr 21 2018

Amazon And Best Buy Put Away Differences For Smart TV

Amazon has partnered with retail giant Best Buy in a multi-year partnership to bring new Fire TV Edition Smart TVs to the United States and Canada. They will be brande...

Apr 20 2018

Taking a Fresh Look at Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (NYSE: APC ) has $32.48 billion MC. The stock underperformed the S&P500 by 10.12%. Founders Capital Management Llc decreased its stake i...

Apr 19 2018

Why Do YOU Think de Nysschen Is Out At Cadillac?

Rumors also swirled of a power struggle between GM brass and de Nysschen, who in his trademark bravado moved Cadillac's headquarters from Detroit for the tonier SoHo ne...

Apr 18 2018

'We are going down!' Passenger livestreams Southwest Airlines flight emergency landing

The flight left LaGuardia at 10:27 a.m. and touched down in Philadelphia at 11:23 a.m. Seven other passengers suffered minor injuries. In an email to parents, assista...

Apr 18 2018

Cash shortage temporary, caused by unusual demand: Jaitley

He blamed the crisis on a sudden spurt in demand and assured that the situation was being tackled. "This unusual spurt in demand is seen more in some parts of the count...

Apr 18 2018

High court hears internet tax collection case

Whether this will slow the growth of U.S. e-commerce or improve the performance of brick-and-mortar retail remains to be seen, but it will certainly require e-tailers t...

Apr 17 2018

American Companies Banned from Selling to Chinese Phone Maker ZTE

The move comes as the USA government cracks down on the presence of Chinese phone companies like ZTE and Huawei in the U.S. The DOC, however, contends that ZTE fail...