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MSNBC Business News
Philadelphia Tries for a More Palatable Soda-Tax Pitch
Mon, 23 May 2016 19:21:00 GMT
Plans to tax soda that emphasize health concerns usually get the fizz taken out of them — so some advocates have started to take an economic tact.
U.S. Wine Going Strong 40 Years After 'Judgment of Paris'
Tue, 24 May 2016 15:20:00 GMT
It was the mic drop moment heard around the wine world: On May 24, 1976, a panel of French wine experts at a blind tasting favored American wine.
Average Family Healthcare Costs Have Tripled Since 2001
Tue, 24 May 2016 19:57:00 GMT
The costs of providing health care to an average American family surpassed $25,000 for the first time in 2016 — even as the rate of health cost increa
Sports Authority to Close All of Its Stores
Tue, 24 May 2016 19:44:00 GMT
Sports Authority is getting ready to close all of its 463 stores and has launched a big going-out-of-business sale.
Empty Nest? Third of Millennials Live With Their Parents
Tue, 24 May 2016 17:55:00 GMT
Many of America's young adults appear to be in no hurry to move out of their old bedrooms.
Did You Pay for Credit Scores? You Don't Need To
Tue, 24 May 2016 15:54:00 GMT
If you're paying to check your credit score, you've spent too much.
Under Armour, UCLA Ink Record $280M College Apparel Deal
Tue, 24 May 2016 15:47:41 GMT
Under Armour has reached a 15-year, $280-million footwear and apparel deal with the University of California, Los Angeles, sources say.
Here's How to Make the Most of Your Military Benefits
Tue, 24 May 2016 13:51:00 GMT
Here are four ways to make the most of these benefits for those on active duty and veterans.
Detroit Muscle Cars Aren't So Strong in Crash Tests
Tue, 24 May 2016 13:30:00 GMT
Muscle cars may look cool, but they don't offer the best protection in a crash.
China Hopes Money Can Buy It Love in Tibet
Tue, 24 May 2016 13:20:06 GMT
After decades of subduing unrest, China is betting that cold, hard cash will pacify restive Tibetans within its borders.
Why the Global Auto Industry Is Turning to ... Israel?
Tue, 24 May 2016 12:34:00 GMT
Working out of a nondescript office building in a suburb of Tel Aviv, a small Israeli start-up has reinvented the wheel.
Toyota Adds 1.6 Million Vehicles to Air Bag Recall
Tue, 24 May 2016 10:57:23 GMT
Toyota is recalling nearly 1.6 million vehicles in the U.S. to replace potentially faulty front passenger air bag inflators made by Takata.
Doubts Mount Over $54B Merger of Cigna and Anthem
Tue, 24 May 2016 10:42:00 GMT
Wall Street expressed growing doubts about a $54 billion merger of health insurers Anthem and Cigna as news of management squabbles added to concerns.
'Natural' Bug Repellents Don't Last: Report
Tue, 24 May 2016 10:08:00 GMT
Natural may sound better, but when it comes to mosquito repellents, what you really want are some good chemicals, Consumer Reports finds.
TSA Replaces Head of Security as Airport Lines Get Longer
Tue, 24 May 2016 05:19:00 GMT
The appointment is part of a series of moves the TSA announced in an internal memo obtained by NBC News.
These Viral Chewbacca Masks Are Selling for $500 on eBay
Mon, 23 May 2016 20:10:44 GMT
If you want to be a 'happy Chewbacca,' it's going to cost you.
Businesses Are Asking Congress to Weaken Robocall Laws
Mon, 23 May 2016 15:22:00 GMT
Consumer Reports estimates that 35 percent of all phone calls placed in the U.S. are now robocalls.
Fitbit Trackers Are 'Highly Inaccurate,' Study Finds
Mon, 23 May 2016 13:42:00 GMT
Researchers at the California State Polytechnic University, Pomona tested the heart rates of 43 adults with Fitbit's PurePulse heart rate monitors.
S. Korean Store Launches 'Hangover Cure' Ice Cream
Mon, 23 May 2016 11:14:00 GMT
South Koreans, Asia's biggest per capita alcohol consumers, can now soothe themselves after a big night out with hangover-fighting ice cream.
Global Stocks See-Saw as Investors Get Off to Cautious Start
Mon, 23 May 2016 10:39:16 GMT
Shares in German drugs and chemicals group Bayer AG were among the most notable decliners, however.
MSNBC Business News
BBC Business News
Last-minute rescue bid for BHS emerges
Tue, 24 May 2016 22:14:37 GMT
A new consortium led by a former Mothercare director is thought to be the frontrunner to rescue department store chain BHS as the threat of liquidation looms.
Brexit 'could extend austerity': IFS
Tue, 24 May 2016 23:01:52 GMT
Austerity measures could be extended by two years should the UK vote to leave the EU, the Institute for Fiscal Studies says.
Tata considers bids for UK steel plants
Tue, 24 May 2016 23:02:09 GMT
Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones are in Mumbai for a Tata board meeting to discuss bids for its UK steel operations.
Toyota hails a ride with Uber
Wed, 25 May 2016 00:47:02 GMT
Carmakers Toyota and Volkswagen have struck separate partnerships with rideshare companies Uber and Gett.
Taxpayers 'lost £97m' calling HMRC
Tue, 24 May 2016 23:05:40 GMT
Taxpayers who were forced to wait for up to an hour when phoning HM Revenue and Customs lost the equivalent of £97m last year, the NAO finds.
Monsanto rejects $62bn offer from Bayer
Tue, 24 May 2016 20:17:25 GMT
Monsanto turns down a $62bn (£43bn) takeover offer from Bayer that would have created the world's biggest agricultural supplier.
New twist in battle to control Viacom
Tue, 24 May 2016 20:44:41 GMT
The battle for control of Viacom, the Paramount and MTV owner, takes a new twist as two new trustees are appointed by Sumner Redstone.
Cuba legalises private businesses
Wed, 25 May 2016 00:04:59 GMT
Cuba's government legalises small and medium-sized private businesses, the latest stage of reforms launched by President Raul Castro.
Carney defends 'Brexit risk' stance
Tue, 24 May 2016 10:45:47 GMT
The Bank of England governor robustly defends his stance on the UK's EU referendum debate and accuses one of his critics of trying to "undermine" the Bank's remit.
Google's Paris HQ raided in tax probe
Tue, 24 May 2016 13:53:16 GMT
French finance officials raid the Paris offices of US internet giant Google as part of a €1.6bn tax fraud investigation.
UK borrowing higher than expected
Tue, 24 May 2016 10:18:57 GMT
Government borrowing was higher than analysts' expectations in April after company tax payments were lower than forecast.
Huawei sues Samsung over patents
Tue, 24 May 2016 18:08:31 GMT
Huawei is suing its tech rival Samsung in two countries over claims that several of its patents have been infringed.
Fracking approval reignites row
Tue, 24 May 2016 11:01:52 GMT
Approval for fracking in North Yorkshire raises the prospect of the controversial technique being allowed at other sites and restarts an intense debate.
Home sales dive on stamp duty changes
Tue, 24 May 2016 09:26:48 GMT
The number of UK properties sold nearly halved between March and April, HMRC figures show, as changes to stamp duty were introduced.
Holidaymakers 'rush to buy currency'
Tue, 24 May 2016 14:18:45 GMT
Holidaymakers have been rushing to buy travel money, in case the pound falls in value after the EU referendum, according to currency experts.
Microsoft accused of 'nasty trick'
Tue, 24 May 2016 14:11:58 GMT
Clicking the red cross on the Windows 10 pop-up box now activates the upgrade instead of closing the box.
Spotify revenues rise but losses widen
Tue, 24 May 2016 02:56:36 GMT
Streaming music platform Spotify saw revenue top 1.95bn euros ($2.2bn; £1.5bn) over the past year, but has yet to make a profit.
VIDEO: France's labour reform battle
Wed, 25 May 2016 00:02:29 GMT
The French government is facing widespread protests to proposed changes to labour laws.
VIDEO: EU vote: What will our holidays cost?
Tue, 24 May 2016 11:20:27 GMT
BBC Breakfast's Steph McGovern goes to Edinburgh airport to look at what impact EU membership has on travel and tourism.
VIDEO: The firm that gave every woman a pay rise
Tue, 24 May 2016 08:07:29 GMT
A London-based company says a self-imposed tax could solve the gender pay gap.
BBC Business News
Yahoo Business News
Asian shares gain, dollar firm on Fed outlook
Tue, 24 May 2016 20:37:11 -0400
A pedestrian holding her mobile phone walks past electronic boards showing the Japan's Nikkei average and the Japanese yen's exchange rate against the euro outside a brokerage in TokyoBy Hideyuki Sano TOKYO (Reuters) - Asian shares gained on Wednesday, taking cues from sharp gains in European and U.S. financial shares while the dollar was underpinned as investors count on the U.S. Federal Reserve to hike U.S. interest rates in coming months. U.S. new home sales data out on Tuesday showed a jump in April to their strongest monthly pace in more than eight years, with prices setting record highs. Coming after a raft of positive U.S. data and comments from various Fed officials explicitly highlighting a chance of a Fed rate hike in June or July, the data helped to cement the case for a rate hike in coming months.

Monsanto rejects Bayer bid, but open to more talks
Tue, 24 May 2016 18:00:01 -0400
Monsanto is displayed on a screen where the stock is traded on the floor of the NYSEMonsanto's decision, first reported earlier on Tuesday by Reuters, puts pressure on Bayer to decide whether to raise its bid, even as the company faces criticism from some shareholders that its $122-per-share cash offer is already too high. Monsanto shares ended trading up 3.1 percent at $109.3 in New York, substantially below Bayer's bid price, underscoring some investor skepticism that a deal can be done. Bayer shares rose 3.23 percent at 87.15 euros in Frankfurt.

Apple rehires prominent security pro as encryption fight boils
Tue, 24 May 2016 14:30:18 -0400
People wait in line for the grand opening of the next generation Apple Store in San Francisco, CaliforniaBy Joseph Menn SAN FRANCISCO (Reuters) - Apple Inc , which has resisted pressure from U.S. law enforcement to unlock encrypted iPhones, this month rehired a top expert in practical cryptography to bring more powerful security features to a wide range of consumer products. Jon Callas, who co-founded several well-respected secure communications companies including PGP Corp, Silent Circle and Blackphone, rejoined Apple in May, an Apple spokesman said. Callas had worked at Apple in the 1990s and again between 2009 and 2011, when he designed an encryption system to protect data stored on a Macintosh computer.

EU regulators clear $100 billion-plus AB InBev, SABMiller deal
Tue, 24 May 2016 17:33:45 -0400
Photo illustration of beer flowing from a bottle of Stella Artois into a glassThe world's largest brewer Anheuser-Busch InBev gained EU antitrust approval on Tuesday for its $100 billion-plus acquisition of SABMiller on condition it sell almost the whole of SABMiller's beer business in Europe. Reuters was the first to report that AB InBev's concessions to sell substantial assets would secure the EU green light for one of the largest corporate takeovers ever. AB InBev has already agreed to sell SABMiller's Peroni, Grolsch and Meantime beer brands to Japan's Asahi Group Holdings Ltd and to divest eastern European assets, three people familiar with the matter said on Friday.

HP Enterprise to merge IT services unit with Computer Sciences
Tue, 24 May 2016 19:13:30 -0400
Signs for Hewlett Packard Enterprise Co. cover the facade of the New York Stock Exchange(Reuters) - Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp , allowing the company to focus on its cloud services business and other fast-growing units. Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday. Falls Church, Virginia-based Computer Sciences' shares jumped 19.5 percent to $42.60.

U.S. new homes sales hit eight-year high, point to firming economy
Tue, 24 May 2016 14:29:43 -0400
A man walks on a job site of a home under construction in Manhasset, New YorkTuesday's report from the Commerce Department, which also showed a surge in new home prices to a record high, offered further evidence of a pick-up in economic growth that could allow the Federal Reserve to raise interest rates soon. The Federal Reserve can raise rates at their June meeting without fear the economy is going to slow," said Chris Rupkey, chief economist at MUFG Union Bank in New York. Economists had forecast new home sales, which account for about 10.2 percent of the housing market, rising to only a 523,000 unit-rate last month.

Yokohama days: how hard truths won Mitsubishi Motors a lifeline
Tue, 24 May 2016 19:03:14 -0400
The company logo of Mitsubishi Motors is seen at its headquarters in Tokyo, JapanAs Mitsubishi Motors acknowledged publicly last month that it cheated on fuel economy tests - its third scandal in two decades - its chief, Osamu Masuko, quietly called in on his counterpart at partner Nissan Motor's headquarters. Masuko, several Mitsubishi group executives said, gave Carlos Ghosn his blunt assessment: even after a decade of change, he had failed to penetrate his firm's insular technology arm.

SEC raises concerns about Valeant's use of 'Non-GAAP' measures
Tue, 24 May 2016 18:10:32 -0400
The headquarters of Valeant Pharmaceuticals International Inc. seen in Laval QuebecThe SEC has questioned Valeant's practice of stripping away acquisition-related expenses from its "non-GAAP" or adjusted metrics, given that the drugmaker had been fueling growth through frenzied deal making. In multiple letters, the SEC said Valeant's management is in possession of all the facts and urged for adequate and accurate financial disclosures. "We are concerned with your overall format and presentation of the non-GAAP measures and believe revisions to your future earnings releases and investor materials are appropriate," the SEC said in a letter to the company in February.

Red Bull deal gives GoPro wings
Tue, 24 May 2016 15:05:39 -0400
GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New YorkBy Noel Randewich SAN FRANCISCO (Reuters) - Shares of GoPro Inc got a lift on Tuesday after the struggling action camera maker said it was partnering with extreme sports sponsor Red Bull in a marketing and promotion deal. Briefly a Wall Street favorite following an initial public offering in 2014, GoPro's shares have fallen 82 percent in the past year as the company wrestles with weak demand for its helmet- and body-mounted cameras. Its stock rallied 5.4 percent after GoPro unveiled the partnership, which makes GoPro the official point-of-view camera provider for Red Bull's events and videos.

Nasdaq rejects listing application by cannabis social network
Tue, 24 May 2016 17:01:23 -0400
People smoke marijuana joints at 4:20 p.m. as thousands of marijuana advocates gather in Golden Gate Park in San Francisco, CaliforniaStock exchange operator Nasdaq has rejected a listing application by MassRoots Inc on the grounds that it may aid in the use and dealing of an illegal substance, the cannabis social networking company said on Tuesday. The rejection, handed down on Monday, may insert roadblocks ahead of other cannabis-related companies seeking to list on a national stock exchange, MassRoots Chief Executive Isaac Dietrich said in a statement. "This will have ripple effects across the entire industry, making it more difficult for cannabis entrepreneurs to raise capital and slow the progression of cannabis legalization in the United States,” Dietrich said.

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