Business News

Hong Kong's Cathay posts $262M 1H loss on fierce…

Hong Kong airline Cathay Pacific posts $262M loss as fierce competition takes its toll

Russian ex-minister on trial for bribery blames…

A Russian ex-economic development minister on trial for allegedly accepting a $2 million cash bribe has accused the head of Russia's largest oil company of setting him up

Tiffany & Co. Might Be Getting A Big Check From…

A judge ruled Costco owes Tiffany & Co. a lot of money for selling "Tiffany" rings that had no actual connection to Tiffany & Co.

UK's new flagship aircraft carrier arrives at…

Britain's new flagship aircraft carrier HMS Queen Elizabeth has arrived at its home port in southern England to great fanfare

Global stocks higher as North Korean tensions…

Global stock markets are mostly higher after Washington and North Korea indicated their willingness to reduce nuclear tensions

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US home construction slumped in July

US housing starts fell 4.8 percent in July as apartment construction plunged

UnitedHealth CEO to step down after run of more…

UnitedHealth Group will change leaders next month by promoting long-time executive David Wichmann to CEO to replace Stephen Hemsley, who has led the nation's largest health insurer since 2006

Ryanair files complaint with EU after Air Berlin…

Irish budget airline Ryanair has filed a complaint with European Union competition authorities after Air Berlin filed for bankruptcy protection and then got a 150 million euro ($177 million) government loan

Owner: Cafe probed in death of broadcaster's wife…

The owner of Connecticut restaurant being investigated by alcohol regulators in connection with the car crash that killed the wife of longtime ESPN broadcaster Chris Berman says the business was closed the day she died

Trump renews Twitter criticism of Amazon

President Donald Trump is renewing his attacks on Amazon, and he says the company is "doing great damage to tax paying retailers."

US: 'Zero' chance of Colorado River water…

U.S. water managers say there will be no water cutbacks in 2018 for millions of residents and farmers served by the Lake Mead reservoir on the Colorado River, thanks to heavy snows last winter

Business leaders quit Trump panel; he hits back…

President Donald Trump on Tuesday ripped into the business leaders who resigned from his White House jobs panel after his equivocal reaction to violent racial clashes in Virginia

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Germany indicts Swiss man of espionage in tax evasion case

Authorities in Germany have formally indicted a Swiss citizen on suspicion of espionage for spying on German tax investigators

Dangerously cheesy? Cheetos pop-up restaurant…

Dangerously cheesy? Cheetos pop-up restaurant opens in NYC with such creations as Cheetos meatballs, Cheetos crusted fried pickles and Mac n' Cheetos.

Fugitive sought for dumping radioactive oilfield…

Federal officials say a fugitive who escaped custody in Wyoming four years ago is being sought for the illegal dumping of radioactive oilfield waste in North Dakota

Squeeze on UK living standards eases as wages pick up

Squeeze on living standards in Britain since last year's Brexit vote abates somewhat as wage growth picks up

Judge blocks 176-million ton coal mine expansion…

A judge has blocked a proposed 176-million ton expansion of an underground coal mine in central Montana because federal officials did not consider the climate change impacts of burning the fuel

Trump signs order to speed infrastructure…

President Donald Trump says he has signed a new executive order intended to make more efficient the federal permitting process for construction of infrastructure projects without harming the environment

UK: There must be no border posts with Ireland…

Britain says there must be no border posts between Northern Ireland and the Irish republic after Brexit

New Facebook data center a boost to Ohio's…

Facebook plans to invest $750 million in a new data center in central Ohio, marking additional growth in the state's technology sector

Pressured by government, Uber agrees to protect…

Ride-hailing service Uber has agreed to protect data and audit use of rider information to settle a complaint from the federal government that it deceived customers

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Soaring digital sales drive Target during second…

Target reported a dip in second-quarter profit, but it was better than anticipated and a 32 percent spike in digital sales gains drove revenue higher

South Carolina sues drug manufacturer over opioid…

South Carolina is the latest state to accuse a drug manufacturer of exacerbating its opioid drug crisis by using deceptive marketing

Judge orders LinkedIn to stop blocking…

A federal judge has ordered LinkedIn to stop blocking a startup firm from scraping users' personal profiles for data