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MSNBC Business News
Yahoo's Massive Hack Could Delay $4.8B Verizon Deal
Fri, 23 Sep 2016 17:09:00 GMT
Yahoo users might be resetting their passwords, but analysts say Verizon is unlikely to hit the "delete" button on the billion-dollar acquisition.
3 Easy Ways to Make Sure Your Gift Card Doesn't Get Hacked
Fri, 23 Sep 2016 19:46:00 GMT
Gift cards are a $130 billion business in America — and proving way too attractive for wily thieves who drain the cards before a user
Will Detroit Survive the Self-Driving Transportation Revolution?
Fri, 23 Sep 2016 14:30:00 GMT
The Motor City is undergoing a transformation from Rust Belt relic to high-tech hub, putting it again at the heart of the transportation revolution.
How Much Did the Top 5 Banks Make in 2016?
Fri, 23 Sep 2016 11:42:41 GMT
JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues.
Lawmakers Seek Labor Dept Probe for Wells Fargo 'Mental Abuse'
Fri, 23 Sep 2016 11:15:58 GMT
Eight Democratic senators asked the Labor Department to launch a probe into whether Wells Fargo may have violated wage and working hour laws.
Amazon Doesn't Always Show You the Lowest Price
Thu, 22 Sep 2016 20:02:00 GMT
What are the cheapest deals on Amazon? You may have to do more digging — or at least more clicking — than you may have thought.
Wells Fargo Customers May Never See Their Day in Court
Thu, 22 Sep 2016 17:56:00 GMT
A class-action lawsuit filed against Wells Fargo last week might be hamstrung at the starting line, legal experts say.
Got a Stinky Washer? Time is Running Out for Your $500 Rebate
Thu, 22 Sep 2016 15:52:00 GMT
There's stinky products and then there's stinky products.
Taiwan Demands Google Blur Island Claimed by China: Report
Thu, 22 Sep 2016 11:49:00 GMT
Taiwan has asked Google to blur satellite images showing what appear to be new military facilities on a disputed island also claimed by China.
Former Top Female Banker Settles 'Bro's Club' Lawsuit
Thu, 22 Sep 2016 11:36:22 GMT
Bank of America has settled a lawsuit by a former top female banker who had accused it of being a "bro's club" that favored male employees over women.
Soothing Fed Gives Stocks Their Mojo
Thu, 22 Sep 2016 11:21:38 GMT
World shares and bonds rallied on Thursday, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of a future hike.
Oil Rises as Weaker Dollar Attracts Investors
Thu, 22 Sep 2016 11:03:00 GMT
Oil rose for a second day on Thursday as a weaker dollar and a surprisingly large drop in U.S. crude inventories emboldened investors.
Blue Bell Issues Voluntary Ice Cream Recall
Thu, 22 Sep 2016 09:47:12 GMT
Last year, Blue Bell halted sales and issued a voluntarily recall of all of its products due to bacteria contamination that was linked 10 listeria cases.
'This Is a Shell Game': Lawmakers Pound EpiPen Maker
Wed, 21 Sep 2016 23:59:00 GMT
House members pounded Mylan during a hearing on Capitol Hill Wednesday, accusing CEO Heather Bresch of 'Rope-a-Doping' the committee.
Mylan CEO Answers Tough Questions Over EpiPen Prices
Wed, 21 Sep 2016 20:34:05 GMT
Mylan Chief Heather Bresch appeared at a House hearing over the soaring price of the EpiPen.
Federal Reserve Will Not Hike Interest Rates
Wed, 21 Sep 2016 18:01:00 GMT
The U.S. Federal Reserve announced its decision on the nation's key interest rate Wednesday, following a two-day policy meeting.
How Much Would a Fed Rate Hike Hit Your Wallet?
Wed, 21 Sep 2016 16:18:26 GMT
As investors bite their nails wondering if the Fed will raise rates, the good news is that the impact will be one that most consumers can absorb.
Average Cost of a Home Loan Just Hit a Three-Month High
Wed, 21 Sep 2016 15:44:00 GMT
Weekly mortgage refinancing fell last week to its lowest since June as home borrowing costs rose to their most expensive level in three months.
Pressure Mounts on Fed, After Japan's Surprise New Rate Policy
Wed, 21 Sep 2016 11:43:14 GMT
World stocks rose on Wednesday while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates.
VW Investors Seek $9 Billion in Damages — So Far
Wed, 21 Sep 2016 11:05:00 GMT
Volkswagen faces $9 billion in damage claims from European investors over its emissions scandal, a German court said.
MSNBC Business News
BBC Business News
BHS brand to be revived online in the UK
Sun, 25 Sep 2016 11:04:42 GMT
The collapsed retailer BHS is re-launching as an online shop, selling some of the most popular items previously available on its website.
Gender pay gap to remain until 2069, report says
Sat, 24 Sep 2016 09:25:37 GMT
The gender pay gap in the UK will not close until 2069 based on current salary progressions, research suggests.
Sports Direct: Ashley steps in as chief executive resigns
Fri, 23 Sep 2016 13:26:29 GMT
The founder and majority owner of Sports Direct, Mike Ashley, becomes chief executive after the surprise resignation of Dave Forsey.
MG ends car assembly at historic UK plant
Fri, 23 Sep 2016 17:51:30 GMT
MG announces it is to stop making cars at its Longbridge plant and will be moving production to China - ending manufacturing in the UK.
National Grid deal 'should be halted', says GMB union
Fri, 23 Sep 2016 23:01:11 GMT
The sale of National Grid's gas distribution arm should be put on hold, according to the GMB Union.
'Fit and forget' smart meters warning
Fri, 23 Sep 2016 23:39:37 GMT
The smart meters project risks being a wasted opportunity for households if they are just fitted and forgotten, a committee of MPs has said.
'I sold three new fivers for £460'
Fri, 23 Sep 2016 11:24:44 GMT
A collector who sold three new plastic £5 notes for £460 on the Ebay auction site says he will reinvest the money in his hobby.
Twitter shares soar almost 20% on takeover talk
Fri, 23 Sep 2016 15:51:27 GMT
Shares in Twitter jump more than 20% after a report that it has received takeover approaches, including from Google and Salesforce.com.
Yahoo 'state' hackers stole data from 500 million users
Fri, 23 Sep 2016 07:14:45 GMT
Yahoo says 'state-sponsored' hackers stole information from about 500 million users in 2014 in what appears to be the largest publicly disclosed cyber-breach in history.
Easyjet pilots suspend strike action pending further talks
Fri, 23 Sep 2016 18:02:12 GMT
Easyjet pilots suspend strike action while new proposals on tackling fatigue are considered.
Facebook 'overestimated' video viewing time
Fri, 23 Sep 2016 11:39:43 GMT
Facebook has overestimated how much video people have watched for the last two years, the company has admitted.
Amazon has been fined £65,000 for trying to fly dangerous goods
Fri, 23 Sep 2016 14:54:16 GMT
Online giant Amazon has been fined £65,000 after being found guilty of attempting to ship dangerous goods by air.
Court slashes damages to be paid by ex-trader Kerviel
Fri, 23 Sep 2016 14:58:22 GMT
A French appeals court has slashed the amount that rogue trader Jerome Kerviel has to pay his former employer Societe Generale to €1m.
Protect bank transfer scam victims, demands Which?
Fri, 23 Sep 2016 08:35:57 GMT
People who are tricked into transferring money to a fraudster deserve better protection, says consumer group Which?
Treasury minister Lord O'Neill quits government
Fri, 23 Sep 2016 15:22:13 GMT
Treasury minister Lord O'Neill, a key figure in pushing the Conservatives' Northern Powerhouse agenda, has resigned from the government.
Co-op Group says it 'planned' for a 50% profits drop
Fri, 23 Sep 2016 10:29:54 GMT
Profits at the Co-op Group more than halve to £17m in the first six months of the year, hit by the group's three-year plan to rebuild the business.
EU Commission refuses to revise Canada CETA trade deal
Fri, 23 Sep 2016 12:22:15 GMT
The European Commission says the controversial EU-Canada free trade deal - CETA - cannot be renegotiated, despite much opposition in Europe.
CEO Secrets: Levi Roots shares his tips for success
Sat, 24 Sep 2016 23:55:14 GMT
Levi Roots, the food entrepreneur famous for his sauce, offers the business advice he wishes he had been given when he started out.
South African shops salvaging 'expired' goods
Fri, 23 Sep 2016 21:00:07 GMT
The Cape Town supermarket owner selling food past its "sell-by" date.
What if Yahoo hackers have my details?
Fri, 23 Sep 2016 18:00:27 GMT
The BBC's technology reporter Chris Foxx explains how you can stay safe following the Yahoo hack.
BBC Business News
Yahoo Business News
Former employees file class action against Wells Fargo
Sat, 24 Sep 2016 15:02:04 -0400
Wells Fargo branch is seen in the Chicago suburb of Evanston IllinoisTwo former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. The lawsuit on behalf of people who worked for Wells Fargo in California over the past 10 years, including current employees, focuses on those who followed the rules and were penalized for not meeting sales quotas. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing promotions to employees who met these quotas by opening fraudulent accounts," the lawsuit filed on Thursday in California Superior Court in Los Angeles County said.


Snapchat to offer camera-equipped sunglasses in first hardware push
Sat, 24 Sep 2016 16:00:01 -0400
A billboard displays the logo of Snapchat above Times Square in New YorkNEW YORK (Reuters) - Snap Inc, the newly renamed parent company of messaging app Snapchat, plans to start selling camera-equipped sunglasses starting this fall, Chief Executive Evan Spiegel told the Wall Street Journal in an interview. The sunglasses, dubbed Spectacles, will be sold via limited distribution for about $130, said Spiegel, who described the device as a toy. The first hardware to be sold by Snap, the sunglasses will record video from the user's perspective in 10-second increments that can be synched with his or her smart-phone. ...


Takata failed to report 2003 air bag rupture to U.S. road authority
Sat, 24 Sep 2016 04:11:32 -0400
Logo of Takata Corp is seen on its display at a showroom for vehicles in TokyoBy David Shepardson and Paul Lienert WASHINGTON/TOKYO (Reuters) - Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by U.S. regulators on Friday. Takata also said in the report that its U.S. arm, not the parent company, was largely responsible for designing, testing and producing tens of millions of defective air bag inflators. The National Highway Traffic Safety Administration (NHTSA) released a series of reports into Takata's defective air bag inflators, which have been linked to at least 14 deaths and more than 100 injuries and sparked the largest-ever auto recall.


Tencent to donate 2 percent of profit as Chinese online charity grows
Sun, 25 Sep 2016 05:38:40 -0400
Tencent Chairman and CEO Pony Ma Huateng speaks during a news conference announcing the company's results in Hong KongBy Sijia Jiang HONG KONG (Reuters) - Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on Friday said his company would donate 2 percent of its annual profit to charity and flagged growth in the use of mobile internet in China's philanthropy sector. Ma's pledge follows China's introduction of new laws earlier this month that provided a legal framework for approved internet companies to raise and manage funds for charity. It also comes days after Facebook founder Mark Zuckerberg and his wife Priscilla Chan said they would donate more than $3 billion toward a plan to "cure, prevent or manage" all disease.


European firms offer Britain scant support in divorce talks
Sun, 25 Sep 2016 05:07:09 -0400
File photo of a Union flag flying next to the flag of the European Union in Westminster, LondonMore than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc's rules. Britain wants a trade deal that gives London's financial district, known as the City, access to EU clients while allowing the government to restrict migration from the bloc - something at odds with the basic rules of the European Union. Senior lawmakers in the British government have said they expect European business groups to support their position because they need access to the financial services the City provides.


U.S. presidential contest takes center stage for investors
Fri, 23 Sep 2016 23:00:13 -0400
A Wall Street sign outside the New York Stock ExchangeWho becomes the next U.S. president will be a primary focus for Wall Street next week and beyond, starting on Monday with the first debate between candidates Hillary Clinton and Donald Trump. While the White House race has so far had little discernible effect on the market, that may soon change as polls show a tightening race. Clinton's once-comfortable lead in opinion polls has evaporated, and with just over six weeks until Election Day, some investors see a toss-up contest creating volatility in certain sectors, including health insurers, drugmakers and industrials.


Fed's internal split tied to dueling views on jobs outlook
Fri, 23 Sep 2016 15:02:32 -0400
US Federal Reserve Chair Yellen holds news conference following two-day Federal Open Market Committee meeting in WashingtonThe split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could overheat. On Friday one of the dissenters, Boston Fed chief Eric Rosengren, explained that his vote turned on his view that sharply falling unemployment could create a spike in inflation and actually trigger a recession.


China's Dalian Wanda opens $5.1 billion tourism park
Sat, 24 Sep 2016 06:23:37 -0400
Wang Jianlin, chairman of the Wanda Group, poses for pictures after an interview in BeijingBy Alexandra Harney SHANGHAI (Reuters) - Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building similar projects around the country, betting that China's rising incomes will drive more domestic tourism. In an interview with Reuters last month, chairman Wang Jianlin said that Wanda would look to build at least 20 such complexes in China.


Canada Unifor union sets tentative strike deadline for Fiat Chrysler
Sat, 24 Sep 2016 15:26:04 -0400
Unifor President Jerry Dias speaks during the Unifor convention in OttawaBy Ethan Lou TORONTO (Reuters) - Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV , the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co . Unifor, which represents close to 10,000 Fiat Chrysler workers in Canada, said in a statement the strike deadline of 11:59 p.m. will stand if talks with Fiat Chrysler begin "immediately" after the union ratifies its contract with General Motors Co on Sunday.


Target shakes up online leadership with eye on rivals
Fri, 23 Sep 2016 21:20:59 -0400
File photo of employees working at a Target store at St. AlbertBy Nandita Bose CHICAGO (Reuters) - Target Corp said on Friday its chief digital officer has left the company amid a company overhaul of its e-commerce operations to boost online sales and better compete with larger rivals such as Amazon.com Inc . Target said Jason Goldberger, who had been with the company for four years, will leave immediately.


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