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Business News

Thursday, Dec 7, 2017 at 08:24 AM PST

GE Cutting 12K Jobs in Power Division, Mainly Out of US

GE Cutting 12K Jobs in Power Division, Mainly Out of US

General Electric Co. will cut 12,000 jobs in its power division as alternative energy supplants demand for coal and other fossil fuels. The company said Thursday that the cuts to both office and production...

Wednesday, Dec 6, 2017 at 05:49 PM PST

Patagonia Joins Groups Suing Over Trump's Monuments Order

Patagonia Joins Groups Suing Over Trump's Monuments Order

A flurry of lawsuits challenging President Donald Trump's decision to chop up two large national monuments in Utah could finally bring an answer to the much-debated question of whether presidents have the legal...

Monday, Dec 4, 2017 at 01:25 PM PST

Facebook's Sandberg Warns of Backlash Against Women

Facebook's Sandberg Warns of Backlash Against Women

Sheryl Sandberg warned of a potential backlash against women and urged companies to put into place clear policies on how allegations of sexual harassment are handled. In a lengthy Facebook post over the...

Monday, Dec 4, 2017 at 07:51 PM PST

Facebook Launches Parent-Controlled Messenger App for Kids

Facebook Launches Parent-Controlled Messenger App for Kids

Facebook is launching a messaging app for children to chat with their parents and with friends approved by their parents. The free app is aimed at kids under 13, who can't yet have their own accounts under...

Thursday, Nov 30, 2017 at 01:18 PM PST

Dow Closes Above 24,000 Ahead of Senate Tax Vote

Dow Closes Above 24,000 Ahead of Senate Tax Vote

The Dow Jones industrial average hit another milestone Thursday, closing above 24,000 for the first time, CNBC reported. It closed at 331.67-points, with United Technologies leading the way. The S&P 500 also...

Tuesday, Nov 28, 2017 at 07:41 PM PST

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

The head of the Federal Communications Commission defended his plan to undo the country's net-neutrality rules by bringing the culture wars to telecommunications policy. FCC Chairman Ajit Pai last week unveiled...

Tuesday, Nov 28, 2017 at 04:19 PM PST

Uber Facing Federal Probe on Allegations of Espionage

Uber Facing Federal Probe on Allegations of Espionage

Federal prosecutors are investigating allegations that Uber deployed an espionage team to plunder trade secrets from its rivals. The revelation triggered a delay in a high-profile trial over whether the...

Tuesday, Nov 28, 2017 at 05:13 AM PST

Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4B

Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4B

Arby's is buying casual dining chain Buffalo Wild Wings in a deal worth about $2.4 billion. Arby's Restaurant Group Inc. said Tuesday that it will pay $157 per share. That's a 7 percent premium to Buffalo Wild...

Tuesday, Nov 28, 2017 at 05:44 PM PST

Judge Sides With Trump's Pick to Take Over Consumer Agency

Judge Sides With Trump's Pick to Take Over Consumer Agency

President Donald Trump scored a victory Tuesday when a federal judge refused to block the president's choice to temporarily run the nation's top consumer financial watchdog and, for the moment, ended a...

Monday, Nov 27, 2017 at 10:28 PM PST

How Trump's Pick to Lead Fed Could Differ From Today's Chair

How Trump's Pick to Lead Fed Could Differ From Today's Chair

Jerome Powell's confirmation to be chairman of the Federal Reserve is considered all but certain. Yet when a Senate committee holds a hearing Tuesday on Powell's nomination, one question will hover above the...

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