Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday....
Wednesday, Jul 19, 2017 at 05:44 PM EDT
Carrier Cuts Jobs at Factory Where Trump Said He Saved Jobs
The Carrier factory where then-President-elect Donald Trump announced that he had made a deal to save U.S. jobs from moving to Mexico has started the process of laying off workers.
NBC News reports that 338...
Tuesday, Jul 18, 2017 at 09:51 AM EDT
Walmart Apologizes for N-Word in Product Description
Walmart apologized after the n-word was used on its website in the product description for a third-party seller's item, NBC News reported.
“We are very sorry and appalled that this third party seller listed...
Monday, Jul 17, 2017 at 06:10 PM EDT
Netflix Adds 5.2 Million Subscribers, Crushing Estimates
Netflix's second quarter report released Monday showed an addition of 5.2 million memberships, crushing Wall Street estimates of 3.23 million.
New seasons of Netflix hits such as "House of Cards" and "Orange is...
Monday, Jul 17, 2017 at 06:03 PM EDT
Guest Worker Boost Comes Too Late, Some Small Businesses Say
The Trump administration acted Monday to allow 15,000 more visas this year for temporary seasonal workers, but some business owners say the effort comes too late.
Under authority from Congress, Homeland...
Friday, Jul 14, 2017 at 06:31 PM EDT
JPMorgan CEO Shifts Topic to Politics From Financial Results
After JPMorgan Chase posted a record $7 billion quarterly profit, the last thing a contentious Jamie Dimon wanted to talk about Friday was his company's earnings.
Instead, the CEO of the nation's largest bank...
Friday, Jul 14, 2017 at 05:34 PM EDT
Hootie Johnson, Former Augusta National Chairman, Dies
Hootie Johnson, the South Carolina banker and Augusta National chairman who stubbornly stood his ground amid pressure for the club to invite female members, died Thursday morning. He was 86.
Stocks rose to record levels on Friday as earnings season kicked off, CNBC reported.
The S&P climbed 0.6 percent to close at 2,459.27, setting intraday and closing records. The index's previous intraday...
Thursday, Jul 13, 2017 at 12:59 PM EDT
Investors: 'Pharma Bro' Shkreli Was Shady -- and Profitable
The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out...
Wednesday, Jul 12, 2017 at 08:46 PM EDT
Apple to Open Data Center in China With Government Ties
Apple will open a data center in mainland China with ties to the country's government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads...