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Business News

Wednesday, Jul 26, 2017 at 08:39 AM EDT

IRS Sees Big Drop in Identity Theft, Stolen Tax Refunds

IRS Sees Big Drop in Identity Theft, Stolen Tax Refunds

The IRS says it is seeing a big drop in the number of tax refunds being stolen by identity thieves after the agency teamed up with tax preparers to fight the problem. IRS Commissioner John Koskinen said Tuesday...

Tuesday, Jul 25, 2017 at 11:51 AM EDT

Michael Kors Buying Jimmy Choo for $1.2 Billion

Michael Kors Buying Jimmy Choo for $1.2 Billion

American fashion brand Michael Kors is buying luxury shoemaker Jimmy Choo in a deal worth $1.2 billion (896 million pounds).

Tuesday, Jul 25, 2017 at 08:54 AM EDT

US Maker of Panels in London Fire: Others Install Them

US Maker of Panels in London Fire: Others Install Them

The U.S. company that manufactured panels on a London apartment tower where at least 80 people perished in an inferno has quit selling them for high-rises because it has no control over their installation, a top...

Monday, Jul 24, 2017 at 12:36 PM EDT

Chipotle Faces Backlash After Norovirus, Rodent Incidents

Chipotle Faces Backlash After Norovirus, Rodent Incidents

Between a recent norovirus outbreak at one restaurant and rodents falling from the ceiling at another, Chipotle Mexican Grill is facing a stark decline in consumer’s perception of the brand. Credit Suisse’s...

Friday, Jul 21, 2017 at 06:06 PM EDT

Lyft Launches Own Autonomous Vehicle Unit

Lyft Launches Own Autonomous Vehicle Unit

Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San...

Wednesday, Jul 26, 2017 at 04:19 AM EDT

McDonald's Adds Big Mac Onesie to Items it Delivers

McDonald's Adds Big Mac Onesie to Items it Delivers

McDonald's describes the McDelivery Collection as "a selection of fun, fashion forward items you can wear or use whenever and wherever you order." It also includes french fry-themed sweatsuits and sandals,...

Thursday, Jul 20, 2017 at 07:16 PM EDT

Exxon Fined $2M for Tillerson-Era Breach of Russia Sanctions

Exxon Fined $2M for Tillerson-Era Breach of Russia Sanctions

Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday....

Wednesday, Jul 19, 2017 at 05:44 PM EDT

Carrier Cuts Jobs at Factory Where Trump Said He Saved Jobs

Carrier Cuts Jobs at Factory Where Trump Said He Saved Jobs

The Carrier factory where then-President-elect Donald Trump announced that he had made a deal to save U.S. jobs from moving to Mexico has started the process of laying off workers. NBC News reports that 338...

Tuesday, Jul 18, 2017 at 09:51 AM EDT

Walmart Apologizes for N-Word in Product Description

Walmart Apologizes for N-Word in Product Description

Walmart apologized after the n-word was used on its website in the product description for a third-party seller's item, NBC News reported. “We are very sorry and appalled that this third party seller listed...

Monday, Jul 17, 2017 at 06:10 PM EDT

Netflix Adds 5.2 Million Subscribers, Crushing Estimates

Netflix Adds 5.2 Million Subscribers, Crushing Estimates

Netflix's second quarter report released Monday showed an addition of 5.2 million memberships, crushing Wall Street estimates of 3.23 million. New seasons of Netflix hits such as "House of Cards" and "Orange is...

 

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