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MSNBC Business News
Takata to Pay $1B for Causing Airbag Deaths; Top Execs Indicted
Fri, 13 Jan 2017 15:53:00 GMT
Automotive supplier Takata agreed Friday to pay $1 billion and plead guilty to charges of criminal wrongdoing to settle a DOJ probe into its airbags.
Prosecutors Seek Arrest of Samsung Chief Accused of Bribery
Mon, 16 Jan 2017 05:30:00 GMT
Lee Jae-yong is accused of bribery related to the massive influence-peddling scandal that led to the impeachment of South Korea's president.
How Automation May Challenge Trump's Promises on Jobs
Sun, 15 Jan 2017 09:16:00 GMT
A consulting company says the U.S. is on the verge of a robotics revolution — 10 percent of manufacturing tasks handled by robots today in a decade will become 25 percent.
Gas Price Hike, Specter of Trump Have Mexico 'Simmering'
Sat, 14 Jan 2017 09:29:00 GMT
Huge and sometimes violent protests against a sharp rise in gas prices have swept Mexico — but they are about much more than gasoline.
Scrubbing NAFTA Could Cost the U.S. More Than 30,000 Auto Jobs: Study
Fri, 13 Jan 2017 12:42:00 GMT
The withdrawal from NAFTA or punitive tariffs could result in the loss of 31,000 U.S. jobs, according to one prominent research firm.
Cigna Drops Mylan's EpiPen For Cheaper Generic
Thu, 12 Jan 2017 21:05:00 GMT
EpiPen prices are starting to crack.
L.L.Bean Embroiled in Spat Over Donation to Trump
Thu, 12 Jan 2017 19:44:00 GMT
Support for Trump by L.L.Bean's granddaughter — and company board member — has led customers to call for a boycott of the famed outdoor retailer.
On JetBlue You Still Pay for Bags, But the Wi-Fi Is Now Free
Thu, 12 Jan 2017 18:44:00 GMT
New York-based JetBlue announced Wednesday that its entire fleet of 237 aircraft now offers free Wi-Fi to all passengers.
Does Nutella Ingredient Cause Cancer?
Thu, 12 Jan 2017 18:04:00 GMT
A recent report from a European food safety organization has worried many fans of the chocolate-hazelnut spread. Here's what you need to know.
Fiat Chrysler Shares Plunge on EPA Accusations of Diesel Rigging
Thu, 12 Jan 2017 17:03:00 GMT
Shares of Fiat Chrysler fell more than 12 percent after the EPA accused the automaker of using software that allowed excess diesel emissions.
The TSA Confiscated a Record Number of Loaded Guns Last Year
Thu, 12 Jan 2017 16:32:53 GMT
The Transportation Security Administration found more than 3,391 firearms at airport checkpoints in 2015, 80 percent of which were loaded.
Amazon to Create 100,000 Full-Time Jobs in the U.S. by 2018
Thu, 12 Jan 2017 14:52:00 GMT
Amazon will create 100,000 full-time jobs in the U.S. over the next 18 months. The move would bring its workforce to more than 280,000.
Peter Thiel Agrees: Apple Has Gone Stale
Thu, 12 Jan 2017 14:30:00 GMT
Hardcore Apple users and analysts say the company is losing its shine.
Samsung Isn't Fixing These Recalled Washers, Consumers Say
Thu, 12 Jan 2017 13:03:00 GMT
Samsung said it was recalling nearly three million defective washing machines but now some consumers say the are still dangerous even after the company vowed to fix them.
Toyota Steals the Show With Its 'Sexy' New Camry
Thu, 12 Jan 2017 12:54:00 GMT
There was a moment of stunned silence when a completely redesigned Toyota Camry rolled on stage at the Detroit auto show this week.
Jessica Alba's Honest Co Recalls Organic Baby Powder in U.S.
Thu, 12 Jan 2017 00:00:00 GMT
Honest Co, co-founded by actress Jessica Alba, voluntarily recalled all bottles of its organic baby powder in the United States due to concerns of eye and skin infections.
VW Agrees to $4.3B Criminal Settlement in Diesel Scandal
Wed, 11 Jan 2017 20:17:00 GMT
Volkswagen will pay a $4.3B penalty for diesel emissions rigging, said the U.S. Justice Department and several other federal agencies on Wednesday.
Amazon Prime Ups Its Perks to Include a Cash-Back Credit Card
Wed, 11 Jan 2017 18:45:21 GMT
Shop at Amazon a lot? You may want to start using the new Amazon Prime credit card.
Trump is Pro Guns — So Why Are Gun Makers' Shares Plummeting?
Wed, 11 Jan 2017 18:05:00 GMT
2016 was the biggest ever year for gun sales, but less than one month after the election of a Republican president, shares of gun makers tanked.
40 Million Americans Will Have to Wait for Their Tax Refund
Wed, 11 Jan 2017 15:38:00 GMT
Check to see if your tax refund will be delayed this year.
MSNBC Business News
BBC Business News
Pound falls ahead of Theresa May Brexit speech
Mon, 16 Jan 2017 12:25:20 GMT
Sterling hits its lowest level against the dollar since October's flash crash before later edging back up.
Hunt earns millions from sale of Hotcourses
Mon, 16 Jan 2017 12:50:43 GMT
Health Secretary Jeremy Hunt becomes one of the UK's richest politicians after his company's sale.
Trump comments hit shares in German carmakers
Mon, 16 Jan 2017 14:19:10 GMT
Shares in BMW and VW fall after Donald Trump warns that cars exported from Mexico to the US could face a 35% tax.
Nuisance calls: BT records more than 31 million in one week
Mon, 16 Jan 2017 10:17:33 GMT
More than a third of nuisance calls are about accident claims, telecoms group BT says.
Pound-dollar tourist rate lowest since 1986, Travelex says
Mon, 16 Jan 2017 13:05:17 GMT
The slide in sterling means holidays overseas will be more expensive for UK travellers.
Judges win claim over pension scheme changes
Mon, 16 Jan 2017 14:40:35 GMT
The government has lost an employment tribunal case over the way it changed the pension scheme for the UK's judges.
Ray-Ban maker Luxottica agrees €46bn merger with Essilor
Mon, 16 Jan 2017 06:48:43 GMT
Luxottica, the world's biggest glasses maker, agrees a merger with French lens maker Esillor.
Eight billionaires 'as rich as world's poorest half'
Mon, 16 Jan 2017 00:04:30 GMT
Oxfam research finds the eight richest billionaires have as much wealth as 3.6 billion people combined.
Work-life balance 'increasingly stressful for fathers'
Mon, 16 Jan 2017 07:50:59 GMT
Nearly half of fathers would like a less stressful job so they can spend more time on childcare, a study finds.
FTSE 100 edges higher as sterling slides
Mon, 16 Jan 2017 12:44:06 GMT
London's benchmark share index sets a new intra-day high as the pound slides on Brexit uncertainty.
Indonesia gets JP Morgan share upgrade
Mon, 16 Jan 2017 14:17:07 GMT
JP Morgan Chase upgrades its view of the Indonesian stock market, partially reversing a previous downgrade.
S Korea corruption: Prosecutors to seek arrest warrant
Mon, 16 Jan 2017 08:58:47 GMT
Lee Jae-yong is wanted over a $17m Samsung payment in a scandal that could bring down the president.
Facebook to roll out fake news tools in Germany
Sun, 15 Jan 2017 19:59:44 GMT
Facebook is rolling out new tools in Germany to help combat the spread of fabricated news stories.
Fund manager fires warning shot over bosses' pay
Sun, 15 Jan 2017 17:08:03 GMT
BlackRock, the world's largest fund manager, issues a warning to companies over bumper pay packets.
Unilever boss lives by African proverb
Mon, 16 Jan 2017 00:55:06 GMT
Paul Polman, the head of Unilever, shares the business advice he wishes he had been given when he started out.
Davos 2017: A look at the summit in numbers
Sun, 15 Jan 2017 00:00:01 GMT
As the World Economic Forum in Davos prepares to start, BBC News takes a look at the numbers behind it.
Will 'masala' bonds spice up the Indian economy?
Mon, 16 Jan 2017 00:46:12 GMT
BBC News looks at the prospects for so-called "masala" bonds, which the Indian government has introduced to boost investment.
The inside story of BlaBlaCar
Mon, 16 Jan 2017 00:16:40 GMT
How BlaBlaCar created a global transport network with empty car seats.
'I want 350 million people to use my site'
Sun, 15 Jan 2017 10:36:47 GMT
Cameroonian entrepreneur Churchill Nanje explains how he set up job site Njorku, which covers nine African countries.
Aston Martin DB4 GT production to resume at Newport Pagnell
Sat, 14 Jan 2017 11:58:32 GMT
Production of the iconic model is to begin again after a decade-long gap.
BBC Business News
Yahoo Business News
Investors turn wary as Brexit, Trump uncertainty grows
Mon, 16 Jan 2017 08:05:10 -0500
A worker shelters from the rain as he passes the London Stock Exchange in LondonLONDON (Reuters) - Investors sold sterling and stocks in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain's departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risk.


Trump threatens German carmakers with 35 percent U.S. import tariff
Mon, 16 Jan 2017 07:24:41 -0500
View of a BMW logo on a wheel at the Mondial de l'Automobile, Paris auto show, during media day in ParisFRANKFURT/BERLIN (Reuters) - U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized German carmakers such as BMW , Daimler and Volkswagen for failing to produce more cars on U.S. soil. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax," Trump said in remarks translated into German.


Trade tensions, dollar danger cloud economic optimism in Davos
Mon, 16 Jan 2017 07:08:07 -0500
FILE PHOTO: Axel A. Weber, Chairman of the Board of Directors of UBS attends the session "The Growth Illusion" during the Annual Meeting 2016 of the World Economic Forum (WEF) in Davos, SwitzerlandA trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign economic picture and a rally in global stock markets on expectations of major stimulus under a new U.S. administration led by Donald Trump. The backdrop is brighter than it was a year ago, when concerns about a rapid economic slowdown in China led to what Credit Suisse CEO Tidjane Thiam described at the time as "the worst start to any year on record in financial markets ever".


Ford South Africa recalls Kuga SUV models after cars burst into flames
Mon, 16 Jan 2017 09:07:05 -0500
Visitors walk along a Ford Kuga car during the media day at the Frankfurt Motor Show (IAA) in FrankfurtU.S. auto-maker Ford will recall 4,500 of its Kuga SUV models after dozens of reports of the vehicles catching fire spontaneously, the head of the company's South Africa unit said on Monday. In a joint statement with the National Consumer Commission, Ford's Southern Africa President and chief executive Jeff Nemeth said the company could confirm 39 incidents of the cars catching fire, as well as one death, which Nemeth said was not directly linked to the defect. In October, the company's North American arm recalled 400,000 units of the Ford Escape - the U.S. version of the Kuga - also due to engine problems.


Luxottica and Essilor in 46 billion euro merger to create eyewear giant
Mon, 16 Jan 2017 09:34:21 -0500
FILE PHOTO: Sunglasses from Ray Ban are on display at an optician shop in HanauBy Valentina Za and Sudip Kar-Gupta MILAN/PARIS (Reuters) - Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. The all-share deal is one of Europe's largest cross-border tie-ups and brings together Luxottica, the world's top spectacles maker with brands such as Ray-Ban and Oakley, with leading lens manufacturer Essilor. "Finally ... two products which are naturally complementary -- namely frames and lenses -- will be designed, manufactured and distributed under the same roof," Luxottica's 81-year-old founder Leonardo Del Vecchio said in a statement on Monday.


South Korea prosecutor seeks arrest of Samsung chief for bribery
Mon, 16 Jan 2017 05:56:19 -0500
Samsung Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in SeoulBy Ju-min Park and Se Young Lee SEOUL (Reuters) - South Korea's special prosecutor on Monday sought a warrant to arrest the head of Samsung Group [SAGR.UL], the country's largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Investigators had grilled Samsung Group chief Jay Y. Lee for 22 straight hours last week as a suspect in a corruption scandal, which last month led to parliament impeaching Park. The special prosecutor's office accused Lee of paying bribes total 43 billion won ($36.42 million) to organizations linked to Choi Soon-sil, a friend of the president who is at the center of the scandal, in order to secure the 2015 merger of two affiliates and cement his control of the family business.


IMF sees Trump spending aiding U.S. growth, some emerging markets weaker
Mon, 16 Jan 2017 09:11:22 -0500
U.S. President-elect Donald Trump leaves a press conference in Trump Tower, Manhattan, New YorkThe International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. Updating its World Economic Outlook, the IMF kept its overall global growth forecasts unchanged from October at 3.4 percent for 2017 and 3.6 percent for 2018, up from 3.1 percent growth in 2016, the weakest year since the 2008-2009 financial crisis. The United States will see a slight 0.1 percentage-point improvement in 2017 gross domestic product and a stronger 0.4 percentage-point gain in 2018 as Trump lays plans for expansionary fiscal measures including tax cuts and infrastructure spending.


Exclusive: China to target around 6.5 percent growth in 2017 - sources
Mon, 16 Jan 2017 07:28:51 -0500
FILE PHOTO: Apartment blocks are pictured on a hazy day in Wuqing district of TianjinBy Kevin Yao BEIJING (Reuters) - China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks. The proposed target was endorsed by top leaders at the closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting outcome. "The target will be around 6.5 percent, which indicates that slightly slower growth is acceptable," said one of the sources, a policy adviser.


Saudi pledges adherence to oil cut, confident others will
Mon, 16 Jan 2017 08:38:28 -0500
Saudi Arabia's energy minister al-Falih addresses a news conference after an OPEC meeting in ViennaSaudi Arabia will adhere strictly to its commitment to cut output under the global agreement among oil producers, its energy minister said on Monday, expressing confidence that OPEC's plan to prop up prices would work. Saudi Energy Minister Khalid al-Falih, speaking at an industry event in Abu Dhabi, also said he was encouraged by signs of commitments by other participants in the deal since it took effect on Jan. 1. Compliance with the deal will be a key influence in early 2017 on oil prices , which at $56 a barrel are about half their level of mid-2014.


Profit growth pickup could justify Wall Street rally
Mon, 16 Jan 2017 06:25:15 -0500
A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations. Fresh from a year-long decline in quarterly profits, companies in the benchmark S&P 500 are expected to report their bottom lines grew by 6.2 percent in the fourth quarter, the latest Thomson Reuters data shows, the strongest growth since a 7.0 percent increase in the same quarter of 2014. As a result, some strategists say, investors may see a larger-than-usual number of companies posting results that beat Wall Street's estimates in the weeks ahead.


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