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Business News

Tuesday, May 23, 2017 at 03:50 AM EDT

21 Uber Drivers Arrested in Latest Crackdown in Hong Kong

21 Uber Drivers Arrested in Latest Crackdown in Hong Kong

Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center. It's the latest regulatory headache for Uber,...

Monday, May 22, 2017 at 06:32 PM EDT

Fields Out at Ford; New CEO Hackett Known for Turnarounds

Fields Out at Ford; New CEO Hackett Known for Turnarounds

The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but also invest in self-driving cars and other projects that could one day make that...

Friday, May 19, 2017 at 04:20 PM EDT

Oil Company Watches Over Pregnant Polar Bear Under Bridge

Oil Company Watches Over Pregnant Polar Bear Under Bridge

A pregnant polar bear seeking to dig her maternity den chose an unlikely spot: a snow drift along a bridge leading to an artificial production island off the north coast of Alaska. As a threatened species,...

Friday, May 19, 2017 at 01:54 PM EDT

Ford to Invest $350 Million in Michigan Plant

Ford to Invest $350 Million in Michigan Plant

Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built. The Dearborn, Michigan, automaker said Friday that the investment in the Livonia...

Thursday, May 18, 2017 at 09:48 PM EDT

Tesla Workers Suffer Fainting Spells, Dizziness: Report

Tesla Workers Suffer Fainting Spells, Dizziness: Report

Workers at Tesla's car factory in California have been fainting, experiencing dizziness and even having seizures, often requiring medical attention. The symptoms have led to more than 100 calls for ambulances...

Thursday, May 18, 2017 at 03:48 PM EDT

US Dollar Surges After Traders Speculate on Trump

US Dollar Surges After Traders Speculate on Trump

The U.S. dollar suddenly surged against the British pound and other currencies Thursday after the reemergence of former FBI Director James Comey saying Trump never asked to end the probe, reported CNBC. The...

Thursday, May 18, 2017 at 05:08 PM EDT

Roger Ailes, Fox News Founder and Political Strategist, Dies

Roger Ailes, Fox News Founder and Political Strategist, Dies

Roger Ailes, the communications maestro who transformed television news and America's political conversation by creating and ruling Fox News Channel for two decades before being ousted last year for alleged...

Thursday, May 18, 2017 at 08:11 AM EDT

Companies Stashing Bitcoin in Anticipation of Cyberattacks

Companies Stashing Bitcoin in Anticipation of Cyberattacks

Companies are stockpiling bitcoins in preparation of future "ransomware" attacks, which have grown exponentially over the past few years, NBC News reported. According to cybersecurity experts and firms, about...

Thursday, May 18, 2017 at 06:10 AM EDT

Donald Trump Jr., Dubai Business Partner Discuss 'New Ideas'

Donald Trump Jr., Dubai Business Partner Discuss 'New Ideas'

Donald Trump Jr. traveled to Dubai and met a billionaire business partner in the city-state, discussing "new ideas" as the Emirati's real estate firm still lists possible plans for future joint projects while...

Wednesday, May 17, 2017 at 07:28 PM EDT

Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook

Cisco to Cut 1,100 More Jobs Amid Worse-Than-Expected Outlook

Cisco announced Wednesday that it will be cutting 1,100 employees as part of its expanded restructuring plan. The new job cuts come only months after the enterprise technology company cut 5,500 jobs — seven...

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