Business News

Southwest Airlines' profit falls on rising…

For The First Time, Jeff Bezos Became Forbes…

On Thursday, the Amazon CEO topped Forbes' list of richest people for the first time — a result of Amazon's exploding growth.

Republicans strain for modest 'skinny' redo of…

Republicans are trying to unite behind scaled-back health care legislation that would undo just a few of the most unpopular elements of President Barack Obama's health care law

Prosecutor: Martin Shkreli repeatedly lied to…

A jury is set to hear closing arguments at the securities fraud trial of former biotech CEO and social media provocateur Martin Shkreli

AdChoices Icon

Tech Company To Invest $10B, Build Factory In…

Foxconn makes parts for Apple, among other companies.

Apple kills iPod Nano, iPod Shuffle as music…

The iPod Nano and iPod Shuffle have played their final notes for Apple

California Supreme Court ruling bolsters bullet…

A California Supreme Court ruling is ensuring further legal complications for the planned $64 billion bullet train between Los Angeles and San Francisco

New York Is Spending Billions To Fix Its Failing…

The Metropolitan Transportation Authority revealed phase one, which includes removing seats from cars to cut overcrowding.

Russia sanctions bill heads to Trump after Senate…

The Senate has approved a new package of stiff financial sanctions against Russia, Iran and North Korea, sending the popular bill to President Trump for his signature after weeks of intense negotiations over the measure's final shape

Forbes: Amazon CEO Bezos was briefly the world's…

Forbes magazine says Amazon CEO Jeff Bezos briefly became the world's richest man Thursday, as stock in his e-commerce company hit an all-time high

Southwest reports lower 2Q profit, weak revenue…

Southwest Airlines reports 9 percent drop in 2Q profit and gives tepid forecast for summer revenue trend

Contractor appeals delay Trump border wall…

The Trump administration says prototypes for a proposed border wall with Mexico have been delayed to early November because two companies have objected to the bidding process.

AdChoices Icon

Online-shopping energizes UPS in second quarter

Higher revenue from e-commerce helps UPS post 2Q profit of $1.38 billion, beating Wall Street forecasts

Chinese billionaire convicted in United Nations…

A Chinese billionaire who wanted to build a United Nations center in Macau has been convicted at his New York bribery trial

GOP's repeal of insurance mandate could backfire

Getting rid of "Obamacare's" highly unpopular penalty for not having health insurance could backfire on Republicans

Airbus profits lag amid engine issues, military…

Airbus first-half profits took a hit amid ongoing problems with its A400M military transporter and engine problems for its A320neo, though its orders are on the rise

Nokia reports loss, warns of decline in networks…

Nokia reports continued loss in the second quarter with flat in sales, mainly caused by 5-percent decline in core networks business

Starbucks to shutter all Teavana stores as sales…

Starbucks to shutter all Teavana stores as sales disappoint

Scaramucci reports more than $50m in assets

New White House communication director Anthony Scaramucci owns property and businesses worth more than $50 million

Shell preparing for world economy that shifts…

Royal Dutch Shell CEO says the company is working to remain one of the world's biggest energy suppliers even as major economies look past traditional sources like oil

Intel's 2Q results top analyst views, lifting…

Intel's 2nd-quarter profit more than doubles amid strengthening demand for company's personal computer chips

AdChoices Icon

Falling tech stocks pull US indexes off their…

U.S. stock indexes were mixed in Thursday afternoon trading as losses for tech and industrial companies offset another big gain for telecoms

UK police: Corporate manslaughter possible in…

British police say they have "reasonable grounds" to suspect local authorities may have committed corporate manslaughter over a deadly high-rise fire in London

Comcast revenues climb on strong theme parks, films