business news

Woman gets record $417 million verdict from Johnson & Johnson in baby powder cancer suit

Woman gets record $417 million verdict from Johnson & Johnson in baby powder cancer suit

The verdict in the lawsuit brought by the California woman, Eva Echeverria, marks the largest sum awarded in a series of talcum powder lawsuit verdicts against Johnson & Johnson....
Silicon Valley is forced to face its demons on freedom of speech issue

Silicon Valley is forced to face its demons on freedom of speech issue

Online alt-right activity has thrust Silicon Valley into the center of a debate on race and hate speech....
Your boss is losing money while you stare at the sun

Your boss is losing money while you stare at the sun

U.S. employers will see at least $694M in missing output while workers gaze at the nearly two-and-a-half minute eclipse on Monday....
Emma Stone tops Jennifer Lawrence as world's highest-paid actress

Emma Stone tops Jennifer Lawrence as world's highest-paid actress

Emma Stone collected $26 million, mostly thanks to her Oscar-winning performance in the musical juggernaut "La La Land."...
Trump lashes out at Amazon, but is it all about the Washington Post?

Trump lashes out at Amazon, but is it all about the Washington Post?

Trump lambasted Amazon on Twitter early Wednesday, accusing the e-commerce juggernaut of causing job losses throughout the U.S....
Wells Fargo picks first woman to lead board as scandal fallout worsens

Wells Fargo picks first woman to lead board as scandal fallout worsens

It's the latest reshuffling since Wells Fargo paid $185 million last year in a scandal over millions of fake accounts it opened in customers' names....
Costco must pay Tiffany $19.4M after judge says it sold fake rings

Costco must pay Tiffany $19.4M after judge says it sold fake rings

Costco sold the rings next to a sign that read "Tiffany," leading Tiffany & Co. accuse the wholesaler of infringing on its trademark....
Merck CEO quits Trump council over president's Charlottesville remarks

Merck CEO quits Trump council over president's Charlottesville remarks

The CEO of Merck quit President Donald Trump’s American Manufacturing Council after Trump didn't condemn white nationalists for violence in Charlottesville....
A key departure, a lawsuit: Just another dramatic week at Uber.

A key departure, a lawsuit: Just another dramatic week at Uber.

As Uber attempts to turn the page on what has been a year plagued with scandals, the company was walloped with a fresh bit of drama this week....
Your fees are now one of the biggest revenue sources for banks

Your fees are now one of the biggest revenue sources for banks

As bank fees climb, Trump looks to roll back oversight...
Google Manifesto points to a larger problem Silicon Valley struggles to solve

Google Manifesto points to a larger problem Silicon Valley struggles to solve

A document allegedly written by a Google engineer purporting to explain why more women aren't engineers has reignited debate around bias in Silicon Valley....
Google staffer manifesto criticizing diversity sparks controversy

Google staffer manifesto criticizing diversity sparks controversy

An internal, unofficial memo slams Google's diversity efforts as misguided in light of the fact that "women on average show a higher interest in people and men in things."...
Cannabis company to turn Old West California town into pot paradise

Cannabis company to turn Old West California town into pot paradise

American Green Inc. announced Thursday it is buying all 80 acres of Nipton, and plans to transform it into a 'cannabis-friendly hospitality destination.'...
Samsung vs. Apple could be the smackdown of the summer

Samsung vs. Apple could be the smackdown of the summer

Samsung and Apple are both expected to announce new smartphones in the next few weeks....

"Pharma Bro" Martin Shkreli found guilty of securities fraud

The 34-year-old former CEO and hedge fund manager stood accused of defrauding investors by repeatedly lying about the performance of funds he controlled....
Amazon is spending even more than Netflix, the top online television service.

Amazon is spending even more than Netflix, the top online television service.

Amazon is spending billions of dollars a year on creating and licensing TV shows and films, signaling plans to be in show business for the long haul....
Australian bank accused of massive money-laundering breaches

Australian bank accused of massive money-laundering breaches

The Australian government on Thursday accused Commonwealth Bank of Australia of widespread breaches of money-laundering and counter-terrorism financing rules....
How college friends stay friendly after founding companies together

How college friends stay friendly after founding companies together

We spoke to entrepreneurs about how they’ve been able to successfully nurture their businesses and their friendships....
Bezos slips to second richest. What lies ahead for Amazon?

Bezos slips to second richest. What lies ahead for Amazon?

In the last five years, Amazon CEO Jeff Bezos' net worth has increased by about $50 billion as the company dominates the internet retail market....
Federal regulators expand probe into possible carbon monoxide leaks in Ford SUVs

Federal regulators expand probe into possible carbon monoxide leaks in Ford SUVs

The National Highway Traffic Safety Administration said Thursday that it’s expanding its investigation into reports of carbon monoxide leaks in some Ford SUVs....
Tesla hands over first Model 3 electric cars to early buyers

Tesla hands over first Model 3 electric cars to early buyers

Tesla CEO Elon Musk said the company had over a half million advance reservations as he handed over the first 30 Model 3 vehicles to employee buyers....
BNP Paribas delivers earnings beat with strong revenues from investment banking division

BNP Paribas delivers earnings beat with strong revenues from investment banking division

France's largest bank BNP Paribas announced Friday that it delivered a top and bottom line beat in the second quarter, against consensus estimates....
Credit Suisse reports 78% profit surge as assets under management hit record

Credit Suisse reports 78% profit surge as assets under management hit record

Credit Suisse reported second-quarter revenues that were in line with analyst estimates on Friday....
Nintendo revenues surge nearly 150% as strong demand for the Switch console continues

Nintendo revenues surge nearly 150% as strong demand for the Switch console continues

The company sold 1.97 million Switch consoles and maintained its forecast of selling 10 million units this financial year....
Sperm count falling sharply in developed world, researchers say

Sperm count falling sharply in developed world, researchers say

Sperm counts in men from America, Europe, Australia and New Zealand have dropped by more than 50 percent in less than 40 years, researchers said on Tuesday....
BMW, VW and Daimler shares skid on EU probe of German carmakers

BMW, VW and Daimler shares skid on EU probe of German carmakers

German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines....
Hedge funders scramble for ways to pay tax bills as a big loophole is closed

Hedge funders scramble for ways to pay tax bills as a big loophole is closed

An IRS rule change will force managers to pay billions of dollars in taxes on pay they have accumulated in offshore funds...
Chipotle's stock is tanking on reports of rats, norovirus at its restaurants

Chipotle's stock is tanking on reports of rats, norovirus at its restaurants

Chipotle stock is down almost three percent in intraday trading Thursday....
Twitter says its troll crackdown is working

Twitter says its troll crackdown is working

Twitter says it's blocking 10 times the number of accounts as it was a year ago....
Fecal bacteria found in drinks at UK branches of McDonald’s, Burger King and KFC

Fecal bacteria found in drinks at UK branches of McDonald’s, Burger King and KFC

The material was found in ice at some the chains' restaurants, according to the BBC. All three defend levels of cleanliness and hygiene....
The next time you Google on your phone, expect to see some changes

The next time you Google on your phone, expect to see some changes

The next time you open Google's mobile app to search, expect to be greeted with an experience that feels less like the old Google you know....
Netflix is celebrating after passing a major milestone

Netflix is celebrating after passing a major milestone

Netflix invested $6 billion in original content this year. Has the bet paid off?...
Activision may get an unexpected earnings boost from the hot esports trend

Activision may get an unexpected earnings boost from the hot esports trend

Jefferies research expects a bump in Activision earnings following the sale of seven $20 million Overwatch teams to leading sports figures....
EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments

EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments

The European Union has warned the U.K. government that it needs to accept an exit bill before Brexit talks can progress....
German police raid homes in connection with stolen gold coin

German police raid homes in connection with stolen gold coin

German special police units raided several homes in Berlin early Wednesday in connection with the brazen heist of a 100-kilogram (221-pound) gold coin stolen from one of the city's...
Serena Williams: I've never played just for the money

Serena Williams: I've never played just for the money

The 35-year-old tennis star opens up about the role money has played in her life and her hopes for her child....
'Money' Mayweather wants McGregor fight to pay off tax bill

'Money' Mayweather wants McGregor fight to pay off tax bill

Mayweather promises to pay the tax bill after the Aug. 26 fight with Conor McGregor, but says he does not have the cash now....
The American Greed Report: Is your boss a crook? Here’s what to do

The American Greed Report: Is your boss a crook? Here’s what to do

If you honestly believe your boss is committing fraud, you can report it....
A 1951 book about totalitarianism is suddenly flying off the shelves. Here's why.

A 1951 book about totalitarianism is suddenly flying off the shelves. Here's why.

Hannah Arendt’s philosophy resonates in our current political moment, including the rise of Trump and Brexit, Vox reports....
Kermit the Frog puppeteer, fired by Disney, says he's ‘devastated’

Kermit the Frog puppeteer, fired by Disney, says he's ‘devastated’

It isn't easy being green. But no longer being green is apparently even harder....
CNN faces backlash over handling of doctored Trump video

CNN faces backlash over handling of doctored Trump video

CNN says safety concerns led to its decision not to reveal the identity of the man behind a doctored anti-CNN video....
For some types of service, tipping is the wrong move

For some types of service, tipping is the wrong move

Tipping is a huge part of the American service industry. However, there are times when leaving a tip could be unusual or awkward....
Are you a cheapskate? A new study reveals where and how much you should be tipping

Are you a cheapskate? A new study reveals where and how much you should be tipping

Are you a bad tipper? A new report by CreditCards.com examines America's tipping habits....
This cuisine is the 'next big thing,' says a Michelin star chef

This cuisine is the 'next big thing,' says a Michelin star chef

This acclaimed chef says food trends are moving faster thanks to Instagram, Time reports....
Luxury fashion brand Jimmy Choo invites buyers to put their best foot forward

Luxury fashion brand Jimmy Choo invites buyers to put their best foot forward

Britain's Jimmy Choo has invited potential buyers to step forward as part of a strategic review launched by the luxury retailer on Monday....
Major shakeup at J Crew as longtime design chief to exit the struggling retailer

Major shakeup at J Crew as longtime design chief to exit the struggling retailer

Somsack Sikhounmuong, who is leading the company's women's design, will be promoted to chief design officer....
Buyer beware: Some of those Prime Day deals might be duds

Buyer beware: Some of those Prime Day deals might be duds

Finding truly great deals on Amazon, even though it's the much-hyped Prime Day, might be harder than you think....
EU considers record fine as panel checks Google Android case, say sources

EU considers record fine as panel checks Google Android case, say sources

The potential fine is expected to top that 2.4 billion euro penalty....
New price for muscular dystrophy drug draws criticism

New price for muscular dystrophy drug draws criticism

The route to deflazacort's new, higher price is a complicated one....