Stories about Business

Aug 27 2017

Uber adjusted net loss narrows by 9% in Q2 from Q1

As a private company, Uber is not required to publicly release its financial statements per quarter. In addition, investors have become increasingly anxious as Uber execu...

Aug 26 2017

U.S. media dishonest, lobbying tool, says Donald Trump

Trump, whose controversial remarks after the violence in Charlottesville on August 12 drew widespread criticism, said most of the media was propagating incorrect inform...

Aug 26 2017

Samsung heir found guilty of perjury, embezzlement, bribery

Although it is unclear what changes will be brought about in Samsung's management, the business has been largely unaffected since Lee's arrest in February, posting re...

Aug 26 2017

Amazon just gave Whole Foods shoppers a good excuse to get Prime

The opening round of cuts applies to what Wilke described as best-selling grocery staples, including Whole Trade organic bananas, responsibly-farmed salmon, organic larg...

Aug 25 2017

Apple to receive $213M in tax breaks for 50-job data center

Construction will start in early 2018 and the data center is expected to be online in 2020. Apple said 550 construction and operations jobs will be created by the proje...

Aug 21 2017

White House Rumors: Why a Gary Cohn Resignation Is Worrying Everyone

The tech heavy Nasdaq composite fell 1.9 percent. Reports in early this morning of terror attacks in Barcelona are likely to impact sentiment on local markets, with futur...

Aug 19 2017

NZ dollar dips as rumour of White House departure

Trump's aides and advisers, arrayed along the sidelines of the Trump Tower lobby, looked pained as the president publicly expressed what he has reportedly long expres...

Aug 19 2017

Nick Xenophon Admits He Could Be In Trouble Over Citizenship

She is the third Turnbull government minister whose case will be referred to the High Court, along with her boss, Barnaby Joyce , who revealed he had New Zealand citizen...

Aug 19 2017

Facebook pushes updates to deal with spam video clickbait

But despite Facebook's phenomenal video growth, the company is only now starting to iron out kinks like pirated videos and deceptive practices. "With this update, we'...

Aug 19 2017

Marvel's The Defenders is Dark, But Fun

The not-super heroes are loners by choice or circumstance, but reluctantly agree to band together to take on the city's next evil . The first teaser for Marvel's upc...

Aug 17 2017

Major German air carrier files for insolvency

Etihad bought a 29% stake in 2012 as part of a plan to feed more passengers through its Abu Dhabi hub by building a network of minority investments, a strategy that it ...

Aug 16 2017

Bill Gates hands over billions to foundation

The donation reduces Gates stake in the software maker to 1.3 percent. He has reportedly given away around 64 million worth of shares of Microsoft Corporation, which ac...

Aug 12 2017

Canada sets up border camp as asylum seekers swell in number

On Wednesday, almost 100 soldiers were sent to Saint-Bernard-de-Lacolle - just across the border from Champlain, New York - to erect heated tents to temporarily house as ...

Aug 12 2017

Body Camera Captures Shocking Cop Shooting On Video

According to NBC News, the encounter was taped on a camera in the officer's glasses that he bought on Amazon and was released Thursday, the same day the suspect was sente...

Aug 12 2017

SoftBank Vision Fund Invests Big in Flipkart

This investment comes weeks after a possible deal between Flipkart and Snapdeal fell through. Flush with funds, Flipkart can now up the ante in the high-stakes battle...

Aug 11 2017

3-year-old girl located, Amber Alert cancelled

A Worcester mother will be arraigned this morning in Dudley District Court on charges including attempted murder, state police said today, hours after the woman and her...

Aug 08 2017

NYC Mayor Wants To Tax The Wealthy To Fund Subway Repairs

At the same time , the authority has been raising fares every two years , with the latest increase taking effect in March, when the cost of a monthly MetroCard rose b...

Aug 08 2017

Eggs contaminated with 'potentially harmful' pesticide being sold in UK

Food Standards Agency has said the risk to public health "is very low". "What I can say is that the farms are identified, the eggs are blocked, the contaminated eggs a...

Aug 07 2017

Coinbase Rethinks Bitcoin Cash

The new currency spiked above $700 after the August 1 fork . "From an investor's point of view, we invested in Coinbase because they have made a voluntary commitment...

Aug 06 2017

'Pharma Bro' Martin Shkreli guilty of fraud

As he spoke, Shkreli smiled and cocked his head quizzically in mock confusion. Prosecutors asserted that Shkreli ran what was viably a Ponzi conspire, swindling financi...