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Business

The freshest Business news the web has to offer.

Dow dives over 600 points on trade tensions, jobs report

nypost.com  -  2 days ago
Wall Street took a plunge Friday after a White House official suggested that trade tensions with China weren’t easing, and a tepid jobs report might signal deeper risks to the economy. The Dow Jone…

Paul Singer’s activist fund takes stake in Germany’s Bayer

nypost.com  -  2 days ago
Activist investor Elliott Management has taken a position in Germany’s Bayer, the latest in a string of investments in German companies, three people familiar with the matter told Reuters on Friday…

OPEC agrees to larger than expected production cuts

chron.com  -  2 days ago
OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.

Lance Armstrong is poised to become a billionaire despite doping downfall

nypost.com  -  2 days ago
There was a time when Lance Armstrong’s downfall in cycling was going to not only equal a lifetime of shame — but also financial hardship. Faced with lawsuits seeking tens of millions of dollars in…

Marlboro maker Altria officially enters the marijuana business

nypost.com  -  2 days ago
One of the world’s biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company. Altria, parent…

Job growth slows while wage gains are less than expected

nypost.com  -  2 days ago
WASHINGTON – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer intere…

OPEC+ reaches modest deal to cut production, stabilize oil prices

chron.com  -  2 days ago
The so-called OPEC+ group with Russia and others reached a modest deal to jointly cut oil production by 1.2 million barrels a day and help stabilize collapsing crude oil prices.

How GM invented planned obsolescence

treehugger.com  -  2 days ago
It all started with a struggling auto company in the 20s.

Oil rises as OPEC+ is said to agree to cuts

chron.com  -  2 days ago
Oil surged by as much as 5.8 percent in London as OPEC was said to agree on a larger-than-expected deal with its allies to reduce output.

OPEC talks deadlocked as Iran resists pressure to cut

chron.com  -  2 days ago
OPEC crunch talks were deadlocked on Friday as Iran was said to reject a symbolic oil-output cut as part of a wider deal with the cartel and its allies.

Google Play services drops support for Android Ice Cream Sandwich

venturebeat.com  -  2 days ago
Google is ditching support for Android 4.0 Ice Cream Sandwich, so app developers should update their apps to support a minimum API level 16.

Drilling Down: Mexican oil company goes drilling in North Texas

chron.com  -  2 days ago
The U.S. arm of a Mexican oil company is getting ready for a new round of projects in the Marble Falls resource play of North Texas.

Chevron Phillips cuts U.S. paraxylene production, eyes Gulf Coast expansion

chron.com  -  2 days ago
Even as Chevron Phillips Chemical considers a Gulf Coast expansion, the Woodlands-based company said it will shut off one of its units at its Mississippi plant to boost its profitability, the joint venture of Chevron and Phillips 66 confirmed Thursday.

UK house price rise 'slowest for six years'

bbc.co.uk  -  2 days ago
Prices rise 0.3% from a year earlier, with the average home now valued at £224,578, the Halifax says.

Amazon Go cashierless stores are coming to airports

venturebeat.com  -  3 days ago
Amazon.com is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers.

Williams railways review to look at 'all options'

bbc.co.uk  -  3 days ago
John Lewis deputy chair Keith Williams does not rule out future rail nationalisation in the UK.

Neiman Marcus ‘pleased’ with sales despite slow holiday

nypost.com  -  3 days ago
Luxury department store chain Neiman Marcus is having a ho-hum holiday. The Dallas-based company said comparable sales rose just 2.8 percent from a year ago in the quarter ended Oct. 27, compared w…

NYSE is accused of letting Morgan Stanley make after-hours trade

nypost.com  -  3 days ago
At the New York Stock Exchange, some traders are more equal than others. That’s the bitter takeaway from stock brokers, who say the Big Board, in an unusual move last week, gave special treatment t…

How crisps became a million dollar idea

bbc.co.uk  -  3 days ago
The BBC's Aaron Heslehurst explains how crisps became a million dollar idea.

MSG’s James Dolan to pay $610K fine for FTC violation

nypost.com  -  3 days ago
Madison Square Garden Chief Executive James Dolan has agreed to pay a $610,000 penalty for violating security reporting rules. Dolan, whose company owns the NY Knicks and the NY Rangers, acknowledg…

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