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Business News

Wednesday, Jun 28, 2017 at 10:26 PM EDT

Group Sues Uber Over Lack of Wheelchair Access

Group Sues Uber Over Lack of Wheelchair Access

A Washington, D.C.-based civil rights group has filed a lawsuit against Uber under the American with Disabilities Act —which prohibits discrimination against those with disabilities— alleging that the ride-hail...

Wednesday, Jun 28, 2017 at 08:33 PM EDT

Ex-Pharmaceutical CEO Accused at Trial of Cheating Investors

Ex-Pharmaceutical CEO Accused at Trial of Cheating Investors

"Pharma Bro" Martin Shkreli is either a con man who scammed hedge fund investors of millions or a nerdy genius who made them even richer. The conflicting portraits were offered Wednesday at opening statements of...

Wednesday, Jun 28, 2017 at 06:43 PM EDT

Office Supplies Chain Staples Sold for $6.9 Billion

Office Supplies Chain Staples Sold for $6.9 Billion

Private equity firm Sycamore Partners is buying office supplies chain Staples for $6.9 billion. The companies said Wednesday that shareholders of Framingham, Massachusetts-based Staples will get $10.25 per...

Tuesday, Jun 27, 2017 at 06:39 PM EDT

European Commission Hits Google With $2.7B Fine

European Commission Hits Google With $2.7B Fine

European regulators have handed down a record-setting $2.7 billion fine against Google. The web browser's shopping service acted in an anti-competitive manner, the commission said. They are giving Google 90 days...

Tuesday, Jun 27, 2017 at 06:39 PM EDT

EU Slaps Record $2.7B Fine on Google

EU Slaps Record $2.7B Fine on Google

The European Union's competition watchdog has slapped a record $2.72 billion fine on internet giant Google for breaching antitrust rules with its online shopping service. European regulators said Tuesday...

Thursday, Jun 22, 2017 at 08:36 PM EDT

Qatar Airways Interested in 'Significant' Stake in American Airlines

Qatar Airways Interested in 'Significant' Stake in American Airlines

State-owned Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight of deals that size. American said in a regulatory filing Thursday that the bid was...

Thursday, Jun 22, 2017 at 05:16 PM EDT

Big Banks Survive Stress Tests

Big Banks Survive Stress Tests

U.S. banks passed the first round of stress tests issued by the Federal Reserve to determine whether the banks could survive potential recessions, according to CNBC. The results released Thursday showed that...

Wednesday, Jun 21, 2017 at 11:54 PM EDT

Uber Searches for a New CEO in Wake of Kalanick's Departure

Uber Searches for a New CEO in Wake of Kalanick's Departure

Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO. That's a lot for...

Wednesday, Jun 21, 2017 at 12:29 PM EDT

US Pushes China to Rein in Companies That Deal With N. Korea

US Pushes China to Rein in Companies That Deal With N. Korea

The U.S. pushed China Wednesday to rein in companies that deal with North Korea after President Donald Trump tweeted ahead of the high-level talks that Beijing's efforts to sway its wayward ally weren't...

Wednesday, Jun 21, 2017 at 07:20 AM EDT

Uber CEO Kalanick Steps Down Amid Investor Pressure

Uber CEO Kalanick Steps Down Amid Investor Pressure

Uber CEO Travis Kalanick resigned from his position at the ride-hailing app company he co-founded, Kalanick said in a statement Tuesday. Kalanick's exit came under pressure from investors amid accusations of a...

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