Shares in Clorox were down 8.1% on Thursday, after hitting their lowest level since May 2018, after the cleaning supplies company's warned that an August cyber attack would push it into a
April 26, 2024
U.S. passenger railroad Amtrak's $2.3 billion plan to replace its high-speed Acela train cars is more than three years behind schedule and faces more likely
April 26, 2024
The S&P 500 index closed at its lowest level since June 1 on Tuesday as economic data underscored the view the Federal Reserve may need to keep interest
April 26, 2024
Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this
April 26, 2024
Shares of Kellanova fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its
April 26, 2024
Boeing plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders and the
April 26, 2024
Dutch competition watchdog ACM on Monday said it had rejected objections by Apple against fines of 50 million euros ($52.9 million) it had given the company over failure to
April 26, 2024
Boaz Weinstein's coalition has sweetened its offer for hedge fund firm Sculptor Capital Management, the Wall Street Journal reported on Monday, citing people familiar with the matter.
April 26, 2024
In early 2021, investment management firm Artisan Partners sent an open letter to an incoming member of Danone's board, saying it had built a stake of more than 3% in the French
April 26, 2024
Endeavor Group and Boston Red Sox owner Fenway Sports Group have expressed interest in investing in the PGA Tour, according to a source familiar with the negotiations.
April 26, 2024
General Electric failed to persuade a Manhattan federal judge to dismiss a long-running shareholder lawsuit accusing it of concealing risks at its power
April 26, 2024
Fisker Inc has raised $150 million from an existing institutional investor through the issue of convertible bonds with an additional $550 million in funding available, the electric-vehicle
April 26, 2024
Royal Bank of Canada (RBC) on Friday said it had injected capital into City National to strengthen the Los Angeles-based subsidiary's liquidity position and pay down higher-cost borrowing.
April 26, 2024
Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive
April 25, 2024
Chipotle says its employees can choose chicken again
April 25, 2024
Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight
April 25, 2024
There are better ways to keep employees on board, such as boosting pay and providing better benefits.
April 25, 2024
A rule issued by the Environmental Protection Agency would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down
April 25, 2024
Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles
April 25, 2024
Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline
April 24, 2024
Oracle Corp. CEO Larry Ellison says the business software giant’s planned campus in Nashville, Tennessee, will serve as its world headquarters and place it in a city that's a center of the health care industry
April 24, 2024
Boeing is reporting a $355 million loss for the first quarter
April 24, 2024
Asian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index
April 24, 2024
Hong Kong's bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses.
April 24, 2024
Japan's annual business-to-business service inflation accelerated for the second month to hit 2.3% in March, data showed on Wednesday, suggesting firms continued to pass on rising
April 23, 2024
Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend.
April 23, 2024
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court
April 23, 2024
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters
April 23, 2024
Asian benchmarks are mostly higher after U.S. stocks clawed back some of their losses from last week
April 23, 2024
The U.S. Supreme Court is set to hear oral arguments in a case filed by Starbucks against the National Labor Relations Board
April 23, 2024
The social media company founded by former President Donald Trump applied for a business visa program that he sought to restrict
April 23, 2024
A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China
April 23, 2024
The Federal Trade Commission sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Ltd
April 22, 2024
Express Inc. has filed for Chapter 11 bankruptcy protection, as the fashion retailer looks to sell the majority of its stores
April 22, 2024
AIG said on Monday that David McElroy, the chairman of its general insurance unit, will retire effective May 1.
April 22, 2024
Malaysia plans to build Southeast Asia's largest integrated circuit design park and will offer incentives including tax breaks, subsidies and visa exemption fees to attract
April 22, 2024
Netflix gained another 9.3 million subscribers to start the year while its still-emerging expansion into advertising helped produce financial results that exceeded analysts’ estimates
April 18, 2024
Persistently high interest rates have led Missouri lawmakers to significantly expand a state loan program for farmers and small businesses
April 18, 2024
Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers
April 18, 2024
Asian shares have advanced even after sinking technology stocks sent Wall Street lower again
April 18, 2024
A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government
April 17, 2024
Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained
April 17, 2024
Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday
April 17, 2024
Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years
April 16, 2024
Chunky bootmaker Dr. Martens is warning of a tough year ahead
April 16, 2024
Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates
April 16, 2024
Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub
April 16, 2024
The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risks
April 16, 2024
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday
April 15, 2024
Momofuku, a food and restaurant brand started by chef David Chang, says it won’t defend its trademark on the name “chile crunch” after it sparked an outcry by sending cease-and-desist letters to other businesses using the term
April 13, 2024
U.S. Steel shareholders have overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds
April 12, 2024
Amazon is adding artificial intelligence visionary Andrew Ng (EE-ng) to its board of directors
April 11, 2024
A federal judge has ruled that Woodford Reserve undermined unionization efforts at its Kentucky distillery by awarding pay raises, relaxing its vacation policy and handing out bottles of whiskey to workers before a vote on whether to unionize
April 10, 2024
Macy’s said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain
April 10, 2024
The insolvency administrator of Germany’s only remaining major department store chain says it is set to get new owners after its third spell in bankruptcy protection in four years
April 10, 2024
Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.
April 10, 2024
Asian shares are mostly higher as investors looked ahead to earnings reports from top global companies and a consumer prices report that will be a gauge for U.S. inflation
April 08, 2024
Kiss agreed to sell their catalog, brand name and IP to Swedish company Pophouse in a deal estimated to be over $300 million
April 04, 2024
There’s a race underway to build artificial general intelligence, a futuristic vision of machines that are broadly as smart as humans or at least can do many things as well as people can
April 04, 2024
Disney shareholders have rallied behind longtime CEO Robert Iger
April 03, 2024
Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly
April 03, 2024
General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday
April 02, 2024
The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit
April 02, 2024
United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected
April 01, 2024
The Federal Aviation Administration (FAA) on Friday said it certified General Dynamics Corp's Gulfstream flagship G700 business aircraft,
March 29, 2024
Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions
March 29, 2024
Home Depot is buying SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion
March 28, 2024
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars
March 28, 2024
Former President Donald Trump is hawking Bibles as he runs to return to the White House
March 26, 2024
Krispy Kreme and McDonald’s are getting together over breakfast
March 26, 2024
U.S. consumer confidence held steady this month even as Americans are still concerned about high prices and feeling less optimistic about the short-term future
March 26, 2024
As Donald Trump’s social media company begins trading publicly, would-be investors might ask themselves if the stock is too pricey and potentially too volatile
March 25, 2024
A union representing many of Germany's train drivers says it and the country's main railway operator have reached a deal in a long dispute over working hours and pay that was marked by a string of strikes
March 25, 2024
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March 24, 2024
Stocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers
March 22, 2024
The Justice Department has announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation
March 21, 2024
McDonald’s will become the title sponsor of the French soccer league from July for the next three seasons
March 21, 2024
The chief executive of the cryptocurrency company Sam Bankman-Fried founded attacked the onetime crypto power player in a letter to a federal judge, saying his claim that customers, lenders and investors were not harmed was callously false
March 20, 2024
In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split
March 20, 2024
Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure to cement its position at the forefront of the booming AI industry
March 20, 2024
A report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China
March 20, 2024
The media company Gannett, publishers of USA Today and more than 200 newspapers across the U.S., says it will stop using stories, video and images from The Associated Press later this month
March 19, 2024
Shares in MicroStrategy were down 13% on Tuesday as bitcoin fell after the company announced it had completed a $603.75 million convertible debt offering - its second in a week - to raise
March 19, 2024
Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, says it's cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits
March 19, 2024
Donald Trump’s lawyers told a New York appellate court on Monday that it’s impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals
March 18, 2024
British cellphone company Vodafone has confirmed that it's selling its Italian business to Switzerland’s Swisscom for about $8.7 billion
March 15, 2024
Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84
March 15, 2024
Asian shares are mixed in lackluster trading
March 14, 2024
Adidas says it’s donated or is planning to give away more than $150 million to groups fighting antisemitism and other forms of hate from the sales of Yeezy shoes last year
March 13, 2024
A federal judge in Texas has blocked a new rule by the National Labor Relations Board that would have made it easier for millions of workers to form unions at big companies
March 10, 2024
OpenAI said it is reinstating CEO Sam Altman to its board of directors and has “full confidence” in his leadership after a law firm concluded an investigation into the turmoil that led the company to abruptly fire and rehire him in November
March 08, 2024
President Joe Biden is all-in on calling out “shrinkflation.”
March 08, 2024
The maker of a much-debated drug for Lou Gehrig's disease said it failed to help patients with the fatal disease
March 08, 2024
Electric truck maker Rivian says it's pausing construction of a $5 billion manufacturing plant in Georgia
March 07, 2024
A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them
March 06, 2024
Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used
March 06, 2024
Teamsters working for Budweiser brewer Anheuser-Busch have voted to ratify a labor agreement with the company
March 06, 2024
China's blueprint for its economy in 2024 is replete with goals and promises, but it's also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for
March 05, 2024
The European Union has fined Apple nearly $2 billion for breaking competition laws by unfairly favoring its own music streaming service over rivals
March 04, 2024
With attacks on diversity, equity and inclusion initiatives raging, Black women looking to climb the corporate ladder face a more hostile landscape than ever
March 04, 2024
The proposed move of the Capitals and Wizards sports teams to nearby Virginia has stoked concern in a pair of fragile Washington neighborhoods
March 04, 2024
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided are asking the presiding judge to award company stock worth $5.6 billion as legal fees
March 02, 2024
Chinese Vice President Han Zheng has pledged to provide more opportunities for foreign companies in China as the government tries to restore confidence in the world’s second largest economy
March 01, 2024
Shares of New York Community Bancorp are tumbling before the opening bell after the departure of the longtime CEO of the bank, which says it’s delaying filing its annual report as it deals with issues with its internal controls
March 01, 2024
Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers
March 01, 2024
Former talk show host Oprah Winfrey is leaving WeightWatchers board of directors and donating all of her interest in the company to a museum
February 29, 2024
Jessica Gelman has become an influential leader and innovator in the sports industry
February 29, 2024
Multinational beer and beverage company Anheuser-Busch InBev, maker of Budweiser, Bud Light, Stella Artois and Corona, has reported a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand for Bud Light
February 29, 2024
Shares are mixed in Asia after a lackluster day on Wall Street, where selling of technology stocks pulled benchmarks lower
February 29, 2024
The $8.5 billion merger of Reliance and Walt Disney India media assets has been approved by India's antitrust body, clearing the way for a deal that will create India's largest
February 28, 2024
Wendy’s is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers
February 27, 2024
Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West
February 26, 2024
Berkshire Hathaway class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett
February 26, 2024
Asian shares are mostly lower, although the Tokyo stock markets reached another record high
February 26, 2024
Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing
February 24, 2024
Berkshire Hathaway, the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop
February 24, 2024
Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often
February 24, 2024
Warren Buffett's Berkshire Hathaway Inc on Saturday posted its second straight record annual profit, bolstered by gains from its common stock investments and as rising interest rates
February 24, 2024
Nvidia’s stock price jumped 16% on Thursday, increasing the company's market value by a staggering $273 billion in just one day, a record amount
February 22, 2024
Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth
February 22, 2024
United Airlines is gearing up to resume flights to Israel early next month
February 21, 2024
Boeing says the head of its 737 jetliner program is leaving the company immediately, paving the way for the aircraft maker to appoint new leadership at the troubled division
February 21, 2024
The German government says Europe’s largest economy is in “troubled waters.”
February 21, 2024
Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management
February 20, 2024
The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont
February 19, 2024
The number of passengers flying through Dubai International Airport surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation
February 19, 2024
On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”
February 17, 2024
A New York judge has spared Donald Trump a “corporate death penalty” ruling, but the business did get hit hard with bans and cash penalties
February 17, 2024
Donald Trump suffered a big blow Friday as a New York judge ordered the former president and his companies to pay $355 million in penalties for what the judge described as a scheme to deceive banks and insurers by exaggerating his wealth on his annual financial statements
February 16, 2024
Cleveland-Cliffs is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers
February 15, 2024
Airbus says it plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker
February 15, 2024
Japan has slipped to the world’s fourth-largest economy as government data showed it fell behind the size of Germany’s in 2023
February 15, 2024
Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy
February 13, 2024
Shares of JetBlue are rising more than 15% before the market open on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline
February 13, 2024
Asian shares have gained in morning trading, as investors awaited an update on U.S. consumer inflation that might help set the Federal Reserve's policy on interest rates
February 13, 2024
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash
February 12, 2024
Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States
February 12, 2024
Jeff Bezos has filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion
February 11, 2024
A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military
February 09, 2024
Asian shares are mostly higher as Tokyo's benchmark momentarily touched a 34-year high, while many regional markets were closed for the Lunar New Year holiday
February 09, 2024
Share are mostly higher in Asia after the S&P 500 neared the 5,000 level for the first time
February 08, 2024
Disney has reported stronger-than-expected earnings in the final three months of 2023
February 07, 2024
Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023
February 07, 2024
Asian shares are mostly higher, tracking gains on Wall Street
February 07, 2024
Ford says it swung to a net loss in the fourth quarter
February 06, 2024
Adam Neumann, the ousted co-founder of WeWork, is exploring a deal to buy back the office sharing company after expressing dismay over its bankruptcy process
February 06, 2024
Musk can’t dodge this ruling by moving Tesla’s incorporation to Texas.
February 05, 2024
The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil
February 05, 2024
A banner year came to a bumpy end for McDonald’s, which lost sales in many markets due to the war in Gaza
February 05, 2024
Anthony Oropeza was trying to build a side business around his artwork when he started doing acrylic and mixed-media pieces centered on the Kansas City Chiefs
February 04, 2024
Georgia Power Co. says vibrations found in a cooling system of its second new nuclear reactor will delay when the unit begins generating power
February 02, 2024
A company that helped develop marketing campaigns for OxyContin and other opioids has agreed to a $350 million settlement with U.S. states over the toll of the powerful prescription painkillers
February 01, 2024
Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion dollars reportedly over its exposure to bankrupt Austrian asset manager Signa
February 01, 2024
A Delaware judge has invalidated Elon Musk's $55.8 billion Tesla pay package, saying it is too big and that Musk basically set the terms with a compliant board
January 31, 2024
Walmart plans to build or convert more than 150 U.S. stores in the next five years, while continuing to remodel existing stores
January 31, 2024
Boeing says it lost $30 million in the fourth quarter, and revenue was stronger than expected
January 31, 2024
The billionaire sultan who rules Malaysia's Johor state has been sworn in as the nation's new king under a unique rotating monarchy system
January 31, 2024
A person with knowledge of the deal says Carlyle Group Inc. co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles for $1.725 billion
January 31, 2024
Saudi Arabia’s oil giant Saudi Aramco says it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country’s Energy Ministry
January 30, 2024
Walmart is further sweetening the perks for its U.S. store managers as the nation’s largest retailer and private employer seeks to retain and attract top workers in a still competitive job market
January 29, 2024
Microsoft is laying off about 1,900 employees in its gaming division, according to an internal company memo, just over three months since the tech giant completed its $69 million purchase of video game maker Activision Blizzard
January 25, 2024
In-N-Out Burger will close its only restaurant in Oakland, California because of a wave of car break-ins, property damage, theft and armed robberies targeting customers and employees alike
January 25, 2024
Japan's Nippon Steel Executive Vice President Takahiro Mori has met U.S. Congress members to discuss acquisition of U.S.
January 24, 2024
A proposed high-speed passenger train between Las Vegas and Southern California has gotten another boost
January 23, 2024
Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, according to data from
January 23, 2024
Aerospace and defense giant RTX reported a 10% surge in fourth-quarter revenue on Tuesday, driven by demand for its aftermarket services, commercial engines and military equipment.
January 23, 2024
Amusement park operators Six Flags Entertainment and Cedar Fair said they have received a request for additional information and documents from the U.S.
January 23, 2024
Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner model has gained
January 23, 2024
United Airlines CEO Scott Kirby said in a CNBC interview on Tuesday the company was going to build a fleet plan that does not include Boeing's 737 MAX 10 jets, citing delivery delays.
January 23, 2024
India's Tamil Nadu state said on Tuesday that a joint venture of Corning agreed to invest 10 billion rupees ($120.4 million), underscoring the growing importance of the south Asian
January 23, 2024
Asian shares are mixed after Japan reported its exports jumped nearly 10% in December over a year earlier
January 23, 2024
French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion, the companies said on Tuesday.
January 23, 2024
China's lackluster economic recovery has not had a particularly strong effect on the U.S. economy given diversification of supply chains over the past years, White House
January 22, 2024
U.S.
January 22, 2024
Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan
January 22, 2024
Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact
January 22, 2024
The world's 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with
January 22, 2024
Business leaders in Davos say they are increasingly turning to scenario planning to safeguard supply chains and lessen the potential
January 19, 2024
Wendy’s Co. has named a longtime PepsiCo executive as its new CEO
January 18, 2024
India’s newest airline says it will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month
January 18, 2024
CNN's new chief executive, Mark Thompson, said in a strategy memo to his staff that the organization needs to recapture the “swagger and innovation” of its youth
January 17, 2024
The world might see its first trillionaire sooner than you think
January 17, 2024
An Associated Press review has found businessman and Trump-backed Ohio U.S. Senate candidate Bernie Moreno faced lawsuits alleging discrimination against employees before he sold his high-end Cleveland car dealership
January 17, 2024
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy
January 17, 2024
Shell has reached an agreement with a consortium of companies to sell its onshore business in Nigeria's Niger Delta in a deal worth $2.4 billion
January 16, 2024
More executives are feeling better about the global economy
January 15, 2024
Africa’s biggest oil refinery has begun production in Nigeria after a yearslong wait
January 15, 2024
Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S. The announcement is just the latest tieup in the energy sector, following a nearly $60 billion deal between Exxon Mobil and Pioneer Natural Resources and a $53 billion deal between Chevron and Hess
January 11, 2024
The Sports Network in Canada is reporting Keith Pelley is leaving the European tour as CEO
January 11, 2024
The executive editor of the Los Angeles Times is stepping down after a 2 1/2-year tenure at the newspaper
January 09, 2024
Asian shares have retreated after a lackluster session on Wall Street, though Tokyo broke ranks, gaining more than 2% after the government said it would double its disaster reserves by nearly $7 billion
January 09, 2024
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster both legal protections and compensation for millions in the U.S. workforce
January 09, 2024
CES, the Consumer Technology Association’s annual show of all-things tech, is kicking off in Las Vegas this week
January 08, 2024
The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company
January 08, 2024
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners
January 08, 2024
Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet
January 04, 2024
Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz
January 03, 2024
Asian stocks are lower, tracking a weak start to 2024 on Wall Street as Japan's markets reopened
January 03, 2024
Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled
January 02, 2024
Asian shares are mixed in muted trading on the last trading day of the year
December 28, 2023
It was a tumultuous 2023 for the Chinese economy
December 28, 2023
China's authority in charge of press and publications has approved 105 online games, saying it fully supports the industry after newly proposed curbs caused massive losses for major game companies
December 25, 2023
One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said on Friday
December 22, 2023
Apple on Thursday stopped online sales of two popular models of its internet-connected watch in the U.S. after losing its latest attempt to untangle a patent dispute that’s blocking it from using some of the technology on the device
December 21, 2023
Electric scooter company Bird Global announced Wednesday that it has filed for bankruptcy protection in an attempt to stabilize its wobbly finances
December 21, 2023
The NHL and Diamond Sports Group, the largest owner of regional sports networks, have reached an agreement that will keep local broadcasts for 11 teams on Bally Sports through the end of this season
December 21, 2023
China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo
December 20, 2023
Germany’s main national railway operator Deutsche Bahn has launched an effort to sell logistics unit DB Schenker as the company seeks to concentrate on its core business at home
December 19, 2023
Germany's central bank says the country's economy is likely to shrink again slightly in the current fourth quarter
December 18, 2023
Asian shares are mixed after a seven-week winning streak on Wall Street cooled
December 18, 2023
Amazon won’t have to pay about $273 million in back taxes after European Union judges ruled in favor of the U.S. e-commerce giant
December 14, 2023
BP says its former chief executive has been denied a payout of 32.4 million pounds, or $41 million, after he was found to have misled the company over his past relationships with colleagues
December 13, 2023
A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip
December 13, 2023
State media say Chinese leaders have wrapped up a two-day annual meeting to set economic priorities for the coming year
December 12, 2023
SmileDirectClub is shutting down — just months after the struggling teeth-straightening company filed for bankruptcy protection
December 11, 2023
A former U.S. Navy SEAL who says he shot Osama bin Laden is at the center of a much different fight over plans to open a military-themed brewery in Norfolk, Virginia
December 10, 2023
Starbucks says it’s committed to bargaining with its unionized workers and reaching labor agreements next year
December 08, 2023
More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport (CVG), a critical logistics hub for the package delivery company, during the busiest time of the year
December 08, 2023
Levi Strauss & Co. says that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor
December 07, 2023
Uber's stock is set to join the S&P 500 index later this month
December 04, 2023
Billionaire vacuum cleaner tycoon James Dyson has lost a libel lawsuit against the Daily Mirror
December 01, 2023
A judge has sided with Daryl Hall in his request to keep temporarily blocking John Oates from selling his potentially lucrative share of the Hall & Oates duo’s joint venture without his longtime partner’s permission
November 30, 2023
Private equity giant Blackstone will acquire the pet care app Rover in an all-cash deal valued at $2.3 billion, the companies announced Wednesday
November 29, 2023
SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue
November 28, 2023
Daryl Hall has sued his longtime music partner John Oates, arguing that his plan to sell off his share of a joint venture would violate a business agreement the duo had
November 24, 2023
Clorox's chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo.
November 15, 2023
A European company has cancelled plans to build blades for offshore wind turbines in coastal Virginia
November 10, 2023
Spirits and beer giant Diageo saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and potential profits
November 10, 2023
Jezebel, the sharp-edged feminist website founded at the height of blogosphere era, is shutting down after 16 years
November 09, 2023
Apple might end up on the hook after all for billions of euros in back taxes to Ireland in the latest twist in a longrunning European Union dispute
November 09, 2023
JPMorgan on Wednesday said it is teaming up with Bpifrance to invest around $60 million in private investment firms led by women in France, where the bank has its
November 08, 2023
Nintendo is reporting an 18% rise in its net profit for the first fiscal half, as sales were boosted by its hit Super Mario movie
November 07, 2023
The Walt Disney Co. on Monday named 34-year PepsiCo veteran Hugh Johnston as its new chief financial officer
November 06, 2023
The Washington Post has named veteran media executive Will Lewis to serve as its new CEO and publisher
November 05, 2023
Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles
November 04, 2023
Amazon is saying goodbye to its clothing stores
November 02, 2023
Apple’s sales remained on a downward slope during the summer
November 02, 2023
The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement
November 02, 2023
Beyond Meat is cutting 19% of its non-production workforce after a weaker-than-expected third quarter
November 02, 2023
Customers fell for Starbucks’ fall menu in its fiscal fourth quarter, helping the company achieve record revenue with Pumpkin Spice Lattes and apple croissants
November 02, 2023
DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently
November 01, 2023
Three energy companies including U.S. Westinghouse, France’s EdF and Korea’s KHNP, have submitted their final bids to build the Czech Republic’s newest reactor at the Dukovany nuclear power station as the country strives to become more energy-independent and wean itself off fossil fuels
October 31, 2023
Samsung Electronics has reported its highest quarterly profit for the year
October 31, 2023
McDonald’s said Monday it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers
October 30, 2023
Asian shares are trading mostly lower as investors look ahead to a week that could see more swings in financial markets, including key reports on U.S. consumer confidence and the job market
October 30, 2023
The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family’s remaining 20% stake in the Pilot Travel Centers truck stop company after paying nearly $11 billion since 2017 for the first 80% it bought
October 27, 2023
Chinese telecoms equipment maker Huawei Technologies has reported its profit inched higher in the first three quarters of this year despite persisting U.S. sanctions that have hindered both its sales and its purchases of advanced technology
October 27, 2023
One year ago, billionaire Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform into what is now known as X
October 27, 2023
If a business is run by an AI and it causes you harm, could you sue the AI?
October 26, 2023
Russia's deadly attack on a beloved pizzeria in eastern Ukraine in June was painful for residents
October 26, 2023
Bud Light is set to return as the official beer of the UFC in the U.S. next year as the brand tries to recover from a conservative backlash to a promotion with a transgender influencer
October 25, 2023
Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly
October 25, 2023
Boeing is reporting a loss of $1.64 billion in the third quarter
October 25, 2023
Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world
October 24, 2023
Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter
October 24, 2023
Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years at the helm of the company
October 23, 2023
American Airlines is reporting a $545 million loss for the third quarter due to higher labor costs
October 19, 2023
Asian shares have retreated as the prospect of a 5% yield on the 10-year U.S. Treasury for the first time since 2007 added to pressure on Wall Street
October 19, 2023
Washington Attorney General Bob Ferguson’s long-running legal case against the thrift store chain Savers Value Village turned out to be no bargain, as the state has been ordered to pay the company nearly $4.3 million in legal fees
October 18, 2023
Tesla has reported that its net income slumped in the third quarter versus a year earlier
October 18, 2023
A South Korean company has begun production at a huge solar panel factory in Georgia
October 18, 2023
The summer travel season was very good for U.S. airlines, but rising fuel prices and the Israel-Hamas war are setting up a turbulent fourth quarter
October 17, 2023
A medical waste processing company has pleaded guilty to dozens environment-related charges and agreed to pay $1.75 million in fines after state prosecutors accused a south Baltimore incineration plant of exposing the public to biohazardous material
October 17, 2023
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion
October 17, 2023
Jet engine maker Rolls-Royce says it’s cutting up to 2,500 jobs globally as part of a corporate overhaul that its new CEO is carrying out
October 17, 2023
Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they believe is unconstitutional
October 15, 2023
The European Union is ordering U.S. biotech giant Illumina to undo its $7.1 billion purchase of cancer-screening company Grail because it closed the deal without approval of regulators
October 12, 2023
New York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores
October 12, 2023
The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest
October 11, 2023
Plans by the Port of South Louisiana to purchase what was once a major shipyard for construction of military vessels have been delayed
October 11, 2023
Birkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall Street traded in its wingtips for sandals for a day
October 11, 2023
Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion
October 10, 2023
Lexington Candy Shop has had a line outside for over a year since a TikTok of its Coke float went viral
October 08, 2023
Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of the agency's probe into whether
October 06, 2023
Shares in the troubled British lender Metro Bank have bounced back by a third on reports that it has been sounding out bigger rivals to buy a chunk of its assets
October 06, 2023
Investor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past
October 05, 2023
History suggests that there’s risk of overplaying one’s hand when new technology is lurking.
October 05, 2023
United Airlines is making its second large order of new planes in less than a year, again seeking a mix of 110 aircraft from Boeing and rival Airbus as it renews its fleet
October 03, 2023
The NBA returns to Abu Dhabi this week
October 03, 2023
Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington
October 02, 2023
It started as a crude sketch of a circle with a stick person inside
September 29, 2023
Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer
September 28, 2023
The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group
September 25, 2023
The head of the Anti-Defamation League said in a post on X on Thursday that he was in touch with Adidas CEO Bjorn Gulden who apologized for his remarks about Kanye West and reiterated the sportswear company’s fight to end antisemitism
September 21, 2023
Artificial intelligence tools that can conjure whimsical artwork or realistic-looking images from written commands started wowing crowds last year
September 21, 2023
Toshiba says a 2 trillion yen ($14 billion) tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted
September 21, 2023
Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states
September 20, 2023
The Walt Disney Co. is planning to invest approximately $60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments
September 19, 2023
Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant market
September 19, 2023
Turf Paradise, a racetrack that has been a staple of horse racing in Arizona for decades, announced Monday it will cease live racing
September 19, 2023
A top product executive at Microsoft who launched its Surface line of devices and Windows 11 is leaving the company
September 18, 2023
Turkish President Recep Tayyip Erdogan has called on Elon Musk, the head of electric carmaker Tesla, to establish a factory in Turkey
September 18, 2023
Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home
September 15, 2023
If Sean “Diddy” Combs had a choice, the self-proclaimed serial entrepreneur would be hunkered down in a recording studio rather than running his many successful businesses
September 14, 2023
Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors
September 13, 2023Apple on Tuesday unveiled its next generation of iPhones — a lineup that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model
September 11, 2023
Wives of Mallorca players say they were harassed after Spanish Super Cup game in Saudi Arabia
Man charged with shooting his father over 30 times sentenced to life in prison
Ed Sheeran goes back to school to launch new music foundation
China Evergrande ordered to repay its property unit $1.8 billion worth deposit pledges
Fed seen cutting policy rate just once in 2025 as job growth surges
Canada's Imperial Oil says senior executive to leave for Exxon Mobil
Life of da party: Snoop Dogg to host NFL Honors, which celebrates highs of the 2024 season