Washington DC business news

Amazon Buying Twitch for $970 Million in Cash

Amazon Buying Twitch for $970 Million in Cash

Amazon is buying video game streaming platform Twitch Interactive for $970 million in cash as it seeks to expand its... Read »

Aug 28, 2014
Clippers Owner Ballmer Steps Down From Microsoft Board

Clippers Owner Ballmer Steps Down From Microsoft Board

Steve Ballmer on Tuesday left Microsoft's Board of Directors, citing new commitments as owner of the Los... Read »

Aug 19, 2014
McDonald's to Sell Packaged Coffee in Supermarkets: Report

McDonald's to Sell Packaged Coffee in Supermarkets: Report

Fans of McCafe will be lovin’ the latest McDonald’s news. The fast food chain announced plans to start selling its... Read »

Aug 19, 2014
Cisco to Lay Off Up to 6,000 Workers

Cisco to Lay Off Up to 6,000 Workers

Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a Read »

Aug 13, 2014
LinkedIn to Pay $6 Million in Unpaid Wages, Damages

LinkedIn to Pay $6 Million in Unpaid Wages, Damages

The Labor Department says the professional networking service LinkedIn has agreed to pay nearly $6 million in unpaid... Read »

Aug 4, 2014
Google Buys Music Streaming Service Songza

Google Buys Music Streaming Service Songza

In an effort to play a role in the online music business, Google has acquired streaming music service... Read »

Jul 1, 2014
George Lucas

George Lucas "Star Wars" Museum to Head to Chicago

Chicago has come out on top in the intense competition for the Lucas Cultural Arts Museum. City Hall... Watch »

Jun 26, 2014
Amazon to Launch Local Services Marketplace This Year: Report

Amazon to Launch Local Services Marketplace This Year: Report

Amazon later this year plans to launch a marketplace for local services that provides information that... Read »

Jun 10, 2014
United Frequent Flier Program to Reward Big Spenders

United Frequent Flier Program to Reward Big Spenders

Travelers who fly the most and pay the most will soon earn more miles on United Airlines'... Read »

Jun 10, 2014
Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer Drops $118B Bid to Buy British Pharma Company

Drugmaker Pfizer has abandoned its bid to buy British pharmaceutical giant AstraZeneca for nearly $118 billion. Read »

May 26, 2014
HP to Cut Another 11-16K Jobs

HP to Cut Another 11-16K Jobs

Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a... Read »

May 23, 2014
AT&T Closes in on DirecTV With $50B Deal

AT&T Closes in on DirecTV With $50B Deal

AT&T is close to announcing that it will buy the No. 1 U.S. satellite TV operator DirecTV, in the... Read »

May 18, 2014
What to Know About Alibaba's IPO

What to Know About Alibaba's IPO

Chinese Internet giant Alibaba filed for a $1 billion IPO on Tuesday, much lower than markets had expected, NBC News... Read »

May 6, 2014
Airlines Making Less Money Off Baggage Fees

Airlines Making Less Money Off Baggage Fees

The government reported Monday that U.S. airlines raised $3.35 billion from bag fees in 2013, down 4 percent... Read »

May 5, 2014
Jury Hands Apple $120M Verdict in Samsung Patent Battle

Jury Hands Apple $120M Verdict in Samsung Patent Battle

A California jury has found that Samsung infringed Apple's smartphone patents and awarded Apple $120 million... Watch »

May 3, 2014
Toyota Moving U.S. Headquarters From California to Texas

Toyota Moving U.S. Headquarters From California to Texas

Toyota is moving its U.S. headquarters from California to Texas, and with it, it's moving about 3,000 jobs to... Watch »

Apr 28, 2014
Google, Apple, Other Tech Giants Settle Workers' Anti-Poaching Suit

Google, Apple, Other Tech Giants Settle Workers' Anti-Poaching Suit

Apple, Google, Intel and Adobe settled an antitrust lawsuit filed by a large group of employees over the companies'... Read »

Apr 24, 2014
Facebook's CFO to Step Down as Earnings Soar

Facebook's CFO to Step Down as Earnings Soar

Facebook says its finance chief, David Ebersman, is leaving on June 1 after five Read »

Apr 23, 2014
GM Fined $7,000 a Day for Missing Deadline: Gov't

GM Fined $7,000 a Day for Missing Deadline: Gov't

A government safety agency is fining General Motors $7,000 a day, saying the company failed to fully respond to its... Read »

Apr 9, 2014
GM to Recall Another 1.5M Cars for Power Steering

GM to Recall Another 1.5M Cars for Power Steering

General Motors Co. said Monday it is recalling 1.5 million vehicles worldwide because the electronic power-steering... Read »

Apr 1, 2014

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