Business News

Fiat Chrysler Recalls 4.8 Million Vehicles Over…

Certain vehicles could get stuck in cruise control.

'Solo' sputters in takeoff at box office with $83…

The Han Solo spinoff "Solo: A Star Wars Story" came in well below expectations with an $83.3 million opening weekend at the North American box office

Abe Says N. Korea Denuclearization Must Be…

May.25 -- Japanese Prime Minister Shinzo Abe says that nations must work together to ensure North Korea denuclearizes "in a verifiable and irreversible manner." He made the comments during a plenary session at the St. Petersburg International Economic Forum, moderated by Bloomberg Editor-in-Chief John Micklethwait.

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Netflix Surpasses Disney As Most Valuable Media…

Netflix's market cap surpassed Disney's for the first time, making the streaming service more valuable than the entertainment giant.

Visa woes have summer businesses looking to…

Tourism businesses look to Puerto Ricans amid red tape, visa limits on foreign workers

Kaplan Says Fed Should Gradually Move to Neutral…

May.25 -- Federal Reserve Bank of Dallas President Robert Kaplan discusses his outlook for the Fed's rate path, risks to the U.S. economy, and a return to the neutral rate. He speaks with Bloomberg's Michael McKee from the Dallas Fed's tech conference on "Bloomberg Daybreak: Americas."

For CEOs, $11.7 million a year is just middle of the pack

The typical chief executive at the biggest U.S. companies got an 8.5 percent raise last year and made $11.7 million in salary, stock and other compensation

BlackRock Says Italian-Germany Yield Spread…

May.25 -- Isabelle Mateos y Lago, chief multi-asset strategist at BlackRock Investment Institute, discusses Italian political uncertainty and its impact on Italian bonds. She speaks on "Bloomberg Surveillance."

Vintage denim: 125-year-old Levis sell for nearly…

Someone has paid a mint for some vintage denim in Maine

Emails show cooperation among EPA, climate-change…

Newly released emails show senior political appointees at the Environmental Protection Agency working closely with a think-tank that dismisses warnings of climate change

Lagarde Calls for Turkey to Ensure Central Bank…

May.25 -- International Monetary Fund Managing Director Christine Lagarde urged the Turkish government to preserve the independence of its central bank after confusion sent the lira sliding. "It’s always better for all political leaders to let the central bank governors do the job that they have to do, and to preserve and secure their independence," she said during an interview with Bloomberg Editor-in-Chief John Micklethwait at the St. Petersburg International Economic Forum in Russia.

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Turks feel pinch from currency slide ahead of polls

Many in Turkey are feeling the pinch as the Turkish lira lost more than 20 percent of its value against the dollar since the start of the year.

The Latest: Weinstein takes books on theater…

Harvey Weinstein was carrying books about Broadway legends Rodgers and Hammerstein and film director Elia Kazan when he surrendered to police in New York

IMF's Lagarde on Argentina, Turkey, China, Russia…

May.25 -- International Monetary Fund Managing Director Christine Lagarde talks about economies and policies of Argentina, Turkey, China and Russia. She speaks on the sidelines of the St. Petersburg International Economic Forum with Bloomberg's John Micklethwait on "Bloomberg Daybreak: Europe."

Trump takes steps to ease firing of federal…

President Donald Trump is taking steps to make it easier to fire federal workers for misconduct

Canadian investor backs away from Alaska mine…

A Canadian company, courted as a potential partner in a copper-and-gold mine near a major salmon fishery in Alaska, has backed away from the project

Source: Trump administration has cut deal with…

Source: US has cut deal with China's ZTE, drawing fire but clearing way for more trade talks with Beijing

Court: Montana minimizes impact of mining near…

A gold exploration proposal near Yellowstone National Park has faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife

Bill to create health care price controls in California dies

A proposal to create health care price controls in California has died

Venezuela's ex-oil czar sees economic collapse…

Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election

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Maritime organization approves Bering Strait…

The International Maritime Organization has signed off on the first two-way shipping routes into the Arctic Ocean