Business News

Cambridge Analytica Files For Bankruptcy

According to several reports, the data firm filed for voluntary Chapter 7 bankruptcy in the U.S. on Thursday.

Asian markets higher as US, China put trade war…

Asian stock markets are trading higher as investors cheer the outcome of the trade negotiations between the United States and China to put a trade war on hold, clearing an uncertainty in global trade

Stratfor's Baker Sees Beijing, Washington in for…

May.20 -- Rodger Baker, Stratfor vice president of strategic analysis, discusses China's agreement to reduce trade surplus with the U.S. after recent talks. Baker speaks with Bloomberg's Betty Liu and Haidi Lun on "Bloomberg Daybreak: Australia."

The Latest: Mnuchin says US-China putting trade war on hold

Treasury Secretary Steven Mnuchin says the U.S. and China are "putting the trade war on hold" after two days of talks that he says produced meaningful progress

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Insider Q&A: Should investors worry about 'peak earnings?'

Stocks suffered a downturn last month when investors got worried that growth in corporate profits is going to slow down, and that the market might lose steam as well

Mnuchin says NAFTA negotiations could spill into 2019

Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year

Eels break records in Maine, where they sell for…

America's only significant state fishery for baby eels has blown past records for value as high demand from overseas aquaculture companies is driving prices to new heights

Company says gas leak caused explosion at Houston-area plant

Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, resulting in non-life threatening injuries to nearly two dozen workers

US, China say Beijing commits to buying more…

US-China trade talks produce commitment by Beijing to 'significantly increase" purchases of Americans exports

Scholar: Dumping fossil fuels by 2050 needed to save climate

A prominent American economist says getting rid of fossil fuels by mid-century and switching to renewable energy sources and nuclear power offers the best chance of meeting the climate change targets set out by the Paris accord

Markle's bridal gown work of Givenchy's Clare…

British designer Clare Waight Keller is behind the silk boat-necked bridal gown Meghan Markle wore for her church wedding ceremony with Prince Harry

New Starbucks policy: No purchase needed to sit…

New policy at Starbucks: No purchase needed to sit, use restrooms

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High-tech, sphere-shaped arena coming to Las…

An 18,000-seat, sphere-shaped venue that will host concerts and other entertainment events on the Las Vegas Strip will break ground this summer

Panda Beer anyone? Craft beers flow in…

Hundreds of craft beer enthusiasts, investors and brewers are attending an exhibition in Shanghai dedicated to expanding the palette of Chinese consumers and promoting sales of high-end brews

Malaysians transfixed by luxury goods seized from…

In 10 days of dramatic political developments, none has transfixed Malaysians more than the sight of truckloads of boxes of Hermes Birkin handbags and luggage filled with cash and jewelry being seized from apartments linked to the former prime minister

Phone data-leak company: No record of…

Phone data-leak company: No record of location-data abuse

Trucking company owner 'saddened' by fatal school…

The owner of a trucking company whose dump truck collided with a school bus on a New Jersey highway says he's "deeply saddened" by the accident, which killed a student and a teacher and injured more than 40 others

Gay-friendly Apple weighs North Carolina despite…

Gay-rights advocates are divided on a potential marriage between one of the corporations most friendly to LGBT workers and causes and North Carolina, where they say discrimination remains despite efforts to end a boycott over the so-called bathroom bill.

Beijing showing signs of compromise in trade…

Beijing is showing signs of compromise in trade talks with US in Washington

Missouri lawmakers approve measure regulating fake meat

Missouri lawmakers have approved legislation that bans companies from labeling lab-grown meat products or meat substitutes as meat

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Business Highlights

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Conservative revolt over immigration sinks House…

Conservatives scuttle bill that combines stricter work and job training requirements for food stamp recipients with a renewal of farm subsidies.

Dismissal upheld in suit over Viacom payments to Redstone

Delaware's Supreme Court has upheld the dismissal of a shareholder lawsuit challenging Viacom Inc.'s payment of more than $13 million in compensation to company founder and former chairman Sumner Redstone

Hasbro trademarks Play-doh's scent: Sweet…

Hasbro has trademarked the scent of Play-doh