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Business News

Saturday, Nov 19, 2016 at 11:17 PM EST

Bank Regulator Imposes Tighter Restriction on Wells Fargo

Bank Regulator Imposes Tighter Restriction on Wells Fargo

A federal banking regulator has imposed tighter restrictions on Wells Fargo & Co., requiring the banking giant to get advance approval from regulators before making a wide range of business decisions. The Office...

Friday, Nov 18, 2016 at 06:21 AM EST

Volkswagen to Shed 30,000 Jobs to Cut Costs After Scandal

Volkswagen to Shed 30,000 Jobs to Cut Costs After Scandal

Automaker Volkswagen says it will shed 30,000 jobs to cut costs as it tries to recover from its diesel emissions scandal and invests more in electric-powered vehicles and digital services. Company officials...

Wednesday, Nov 16, 2016 at 08:50 AM EST

Bring Your Own Weed: Denver Allows Pot in Bars, Eateries

Bring Your Own Weed: Denver Allows Pot in Bars, Eateries

Denver has approved a first-in-the-nation law allowing people to use marijuana at bars, restaurants and other public spaces such as art galleries or yoga studios. The catch: Patrons could use pot as long as it...

Wednesday, Nov 16, 2016 at 07:30 AM EST

Thousands Attend Expo Looking for Latest Theme-Park Thrills

Thousands Attend Expo Looking for Latest Theme-Park Thrills

Tens of thousands of people in the theme-park industry have made their way to central Florida to see the latest in roller coasters, virtual reality technology and innovative food and drink products. The...

Wednesday, Nov 9, 2016 at 06:57 AM EST

Millions Scramble After India Scraps its Largest Banknotes

Millions Scramble After India Scraps its Largest Banknotes

Indians awakened to confusion Wednesday as banks and ATMs remained closed after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where many in...

Wednesday, Nov 9, 2016 at 07:04 PM EST

US Stocks Surge Following Trump Victory; Bond Prices Tumble

US Stocks Surge Following Trump Victory; Bond Prices Tumble

It turns out that President Donald Trump may not be bad for the stock market after all. Asian stock markets stumbled shortly after Trump overtook Hillary Clinton in the presidential vote count early Wednesday....

Monday, Nov 7, 2016 at 03:29 PM EST

Report of Different Samsung Phone Model Exploding

Report of Different Samsung Phone Model Exploding

A Samsung phone user in France says her Galaxy J5 smartphone caught fire and exploded on Sunday. The model is different from the Galaxy Note 7 that has been recalled worldwide. Lamya Bouyirdane told The...

Thursday, Nov 3, 2016 at 07:28 AM EDT

Egypt Devalues Its Currency, Meeting Key IMF Demand

Egypt Devalues Its Currency, Meeting Key IMF Demand

Egypt has devalued its currency by 48 percent, meeting a key demand set by the International Monetary Fund in exchange for a $13 billion loan over three years to overhaul the country's ailing economy. Thursday...

Thursday, Nov 17, 2016 at 11:12 AM EST

Amazon Starts Offering Black Friday Deals

Amazon Starts Offering Black Friday Deals

It's only one day after Halloween and more than three weeks to Thanksgiving but Black Friday deals are already here. Amazon began offering sales on Tuesday as part of its Black Friday Deals store, which...

Thursday, Oct 27, 2016 at 10:07 PM EDT

American, Southwest Raise Base Fares By $5 Each Way

American, Southwest Raise Base Fares By $5 Each Way

American and Southwest are raising fares by $5 each way, the latest move by airlines to reverse a price slump that has lasted nearly two years.

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