business news

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....
Buyouts are rising to the highest level since before the financial crisis

Buyouts are rising to the highest level since before the financial crisis

The pick-up in dealmaking reflects an environment where private equity firms face fierce competition for assets, Financial Times reports....
New Silicon Valley investor lands in trouble due to ‘unacceptable’ behavior with women

New Silicon Valley investor lands in trouble due to ‘unacceptable’ behavior with women

High-profile investor Dave McClure's role has been diminished at 500 Startups, the investment company he co-founded and had been running....
How insurers can harness Artificial Intelligence

How insurers can harness Artificial Intelligence

Once the realm of science fiction, Artificial Intelligence (AI) is quickly becoming part of our lives....
How manufacturers unlock business value through IoT analytics

How manufacturers unlock business value through IoT analytics

As the Internet of Things (IoT) becomes more prevalent in the manufacturing industry, companies are capitalizing on the tremendous business opportunities it can provide....
FanDuel and DraftKings drop their merger

FanDuel and DraftKings drop their merger

The decision to terminate the deal comes after the U.S. government voted to challenge it, Recode reports....
Parents lead emotional plea to approve cancer treatment

Parents lead emotional plea to approve cancer treatment

FDA advisers have recommended approval of CAR-T, an experimental cancer treatment that combines genetic engineering and immunotherapy....
Amazon just joined this exclusive club as its shares hit $1,000

Amazon just joined this exclusive club as its shares hit $1,000

With its share price hitting $1,000, Amazon is the latest to join an exclusive Wall Street club that includes Berkshire Hathaway and Priceline....
FCC chairman wants to keep the ban on in-flight cellphone calls

FCC chairman wants to keep the ban on in-flight cellphone calls

The Federal Communications Commission had considered lifting a ban on high-altitude calls, suggesting in 2013 proposal that the policy was 'outdated.'...
If you use public Wi-Fi, you've probably put your private info at risk

If you use public Wi-Fi, you've probably put your private info at risk

Almost 70 percent of Americans feel their personal information is safe when using a Wi-Fi hotspot — but we've almost all put ourselves at risk....
Uber CEO Travis Kalanick resigns under pressure

Uber CEO Travis Kalanick resigns under pressure

Travis Kalanick promised to reinvent his company as "Uber 2.0" after a string of scandals — but investors ran out if patience and demanded he quit....
This plant-based burger smells, tastes, and bleeds like the real thing

This plant-based burger smells, tastes, and bleeds like the real thing

Scientists at Impossible Foods have created bloody burgers, chicken, pork, fish and yogurt entirely from plants....
Apple's App Store is 9 years old and big changes are on the horizon

Apple's App Store is 9 years old and big changes are on the horizon

Apple's big cash cow — OK, one of them — is celebrating its ninth birthday....
Why you should care about the House's overtime pay bill

Why you should care about the House's overtime pay bill

Here's what you need to know about the Working Families Flexibility Act — and how it might affect your job and wallet....
Is a Mandatory Retirement Plan in Your Future?

Is a Mandatory Retirement Plan in Your Future?

Just 23 percent of workers age 45-plus have saved more than $250,000. Is a federally mandated savings plan the answer to retirement finance woes?...
Former Anheuser-Busch CEO appeared

Former Anheuser-Busch CEO appeared "too intoxicated to take off" in helicopter

Former Anheuser-Busch CEO August Busch IV is under investigation after appearing "too intoxicated to take off" hours after a helicopter landed in an office park....
Citing opioid crisis, Teamsters tell Big Pharma shareholders: Vote no on boss' bonus

Citing opioid crisis, Teamsters tell Big Pharma shareholders: Vote no on boss' bonus

The union urged McKesson Corp. shareholders to turn thumbs down to a $1.1 million bonus awarded this year to Chief Executive John Hammergren....
Jawbone is going out of business. What happens to your devices now?

Jawbone is going out of business. What happens to your devices now?

Jawbone, once one of Silicon Valley's hottest start-ups, is going out of business....
Marc Andreessen just gave loads of advice to start-up founders

Marc Andreessen just gave loads of advice to start-up founders

Marc Andreessen no longer doles out advice via Twitter, so his Q&A with Stripe Atlas founders is a rare chance to get his insights....
Yellen's testimony didn't have any surprises. Wall St. liked that, but it would like tax reform more

Yellen's testimony didn't have any surprises. Wall St. liked that, but it would like tax reform more

Federal Reserve Chair Janet Yellen did not have any surprises. Wall Street approved, but it's waiting for tax reform....