Business

Asia stocks sag after oil tumbles, dollar on defensive before Fed speech

Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar was on the defensive ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony.

Read More »

Posted in Business, Reuters | Comments Off on Asia stocks sag after oil tumbles, dollar on defensive before Fed speech

Amazon warehouse workers in Europe stage protest on Prime Day

Amazon warehouse workers in Germany, Spain and Poland are hoping to call the e-commerce giant's attention to their plea for better working conditions by going on strike on Prime Day. The workers for the company's fulfillment centers are protesting th…

Read More »

Posted in Business, Engadget, Technology | Comments Off on Amazon warehouse workers in Europe stage protest on Prime Day

FCC raises concerns about Sinclair-Tribune deal; shares skid

Federal Communications Commission Chairman Ajit Pai said on Monday he had “serious concerns” about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling.

Read More »

Posted in Business, Reuters | Comments Off on FCC raises concerns about Sinclair-Tribune deal; shares skid

Fast-growing e-cigarette maker Juul to launch in UK

Silicon Valley e-cigarette start-up Juul Labs is bringing its small flash drive-sized vaping device to the United Kingdom this week, aiming to reproduce its break-neck U.S. growth overseas.

Read More »

Posted in Business, Reuters | Comments Off on Fast-growing e-cigarette maker Juul to launch in UK

Latest financial news – CNNMoney.com 2018-07-16 19:15:17

Amazon’s self-created Prime Day holiday got off to a rocky start.

Posted in Business, CNNMoney | Comments Off on Latest financial news – CNNMoney.com 2018-07-16 19:15:17

Tesla shares fall after CEO Musk abuses British diver

Shares of Tesla Inc fell 2.75 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week.

Read More »

Posted in Business, Reuters | Comments Off on Tesla shares fall after CEO Musk abuses British diver

IBM seeks $167 million from Groupon in dispute over early internet patents

International Business Machines Corp on Monday asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization.

Read More »

Posted in Business, Reuters | Comments Off on IBM seeks $167 million from Groupon in dispute over early internet patents

Warren Buffett just gave $3.4 billion to charity

Read full story for latest details.

Read More »

Posted in Business, CNNMoney | Comments Off on Warren Buffett just gave $3.4 billion to charity

Netflix shares tank after big miss on subscriber growth

Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company’s rapid expansion is slowing.

Read More »

Posted in Business, Reuters | Comments Off on Netflix shares tank after big miss on subscriber growth

Lockheed wins $451 million U.S. defense contract: Pentagon

Lockheed Martin Corp is being awarded a $451 million contract modification to a previously awarded contract for material and detail design in support of the construction of four Multi Mission Surface Combatant ships, the Pentagon said on Monday.

Read More »

Posted in Business, Reuters | Comments Off on Lockheed wins $451 million U.S. defense contract: Pentagon

Redheads, lobsters and cupcakes: Apple shows off new iOS emojis

Redheads, superheroes and lobsters will rejoice when they see the latest emojis coming to Apple iPhones and iPads.

Read More »

Posted in Business, CNNMoney | Comments Off on Redheads, lobsters and cupcakes: Apple shows off new iOS emojis

Uber is under a federal investigation for gender discrimination

Uber is under investigation by the US Equal Employment Opportunity Commission for possible gender discrimination, a source familiar with the matter told CNNMoney.

Read More »

Posted in Business, CNNMoney | Comments Off on Uber is under a federal investigation for gender discrimination

Engadget RSS Feed 2018-07-16 16:25:00

Netflix is spending billions of dollars on new shows and movies this year, with an expectation that this will add to its subscriber base. Unfortunately, over the last three months, that plan didn't work quite as well as it had predicted. …

Posted in Business, Engadget, Entertainment, Technology | Comments Off on Engadget RSS Feed 2018-07-16 16:25:00

Ford agrees to $299.1 million U.S. Takata air bag settlement

Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.

Read More »

Posted in Business, Reuters | Comments Off on Ford agrees to $299.1 million U.S. Takata air bag settlement

U.S. arms makers praise new U.S. weapons export policy

U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government’s push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.

Read More »

Posted in Business, Reuters | Comments Off on U.S. arms makers praise new U.S. weapons export policy

Latest financial news – CNNMoney.com 2018-07-16 15:36:35

Read full story for latest details.

Posted in Business, CNNMoney | Comments Off on Latest financial news – CNNMoney.com 2018-07-16 15:36:35

Brent oil falls 4 percent to three-month low as supply outage concerns ease

Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

Read More »

Posted in Business, Reuters | Comments Off on Brent oil falls 4 percent to three-month low as supply outage concerns ease

Former oil CEO charged with exchanging corporate favors for personal loans

A former oil company CEO has been charged with living an extravagant lifestyle using millions of dollars in hidden personal loans he allegedly received from contractors and an investor.

Read More »

Posted in Business, CNNMoney | Comments Off on Former oil CEO charged with exchanging corporate favors for personal loans

FCC raises concerns about Sinclair-Tribune deal, shares fall

Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling.

Read More »

Posted in Business, Reuters | Comments Off on FCC raises concerns about Sinclair-Tribune deal, shares fall

Happy Prime Day! Bezos worth $150 billion as Amazon hits all-time high

Read full story for latest details.

Read More »

Posted in Business, CNNMoney | Comments Off on Happy Prime Day! Bezos worth $150 billion as Amazon hits all-time high