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Business News

Monday, Oct 16, 2017 at 07:31 PM EDT

Netflix Sinking Deeper Into Debt to Fuel Subscriber Growth

Netflix Sinking Deeper Into Debt to Fuel Subscriber Growth

Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service. The big burden...

Monday, Oct 16, 2017 at 01:35 PM EDT

Court Agrees to Take on US-Microsoft Dispute Over Emails

Court Agrees to Take on US-Microsoft Dispute Over Emails

The Supreme Court agreed Monday to take on a major dispute over the government's authority to force American technology companies to hand over emails and other digital information sought in criminal probes...

Monday, Oct 16, 2017 at 01:11 PM EDT

Supreme Court to Hear American Express Fee Dispute Case

Supreme Court to Hear American Express Fee Dispute Case

The Supreme Court is taking up an appeal by 11 states that argue American Express violated antitrust laws by barring merchants from asking customers to use other credit cards that charge lower fees. The...

Monday, Oct 16, 2017 at 12:03 PM EDT

As Trump Deregulates, Chicken Lobby Would Speed Inspections

As Trump Deregulates, Chicken Lobby Would Speed Inspections

While President Donald Trump unravels many of the policies put in place during the Obama administration, the poultry industry has been lobbying hard to speed up poultry inspection lines, NBC News reported. The...

Friday, Oct 13, 2017 at 03:12 PM EDT

Under Pressure From Congress, IRS Suspends Equifax Contract

Under Pressure From Congress, IRS Suspends Equifax Contract<br />

The IRS suspended a $7.25 million contract with the credit reporting company Equifax Friday after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a...

Thursday, Oct 12, 2017 at 12:02 PM EDT

US Closes Trucking Firm Tied to Smuggling Case

US Closes Trucking Firm Tied to Smuggling Case

Federal safety regulators have shut down a troubled Iowa trucking company that owned the semitrailer involved in a human trafficking case in which 10 immigrants died in Texas. Pyle Transportation was placed...

Sunday, Oct 8, 2017 at 07:04 PM EDT

Dove Apologizes for Racially Insensitive Advertisement

Dove Apologizes for Racially Insensitive Advertisement

Soap company Dove has apologized for a racially insensitive Facebook ad it said "missed the mark in representing women of color thoughtfully," NBC News reported. The advertisement, apparently for some sort...

Saturday, Oct 7, 2017 at 11:23 PM EDT

Big Tech Has Big Plans to Help Reconnect Puerto Rico

Big Tech Has Big Plans to Help Reconnect Puerto Rico

Facebook and Google once aimed to connect the world. Now they would be happy just to reconnect part of it. In the wake of Hurricane Maria, Facebook CEO Mark Zuckerberg pledged to send a "connectivity team"...

Friday, Oct 6, 2017 at 03:04 PM EDT

Amazon Deciding Whether to Sell Drugs on Website: Sources

Amazon Deciding Whether to Sell Drugs on Website: Sources

Amazon is in the final stages of figuring out its strategy to get into the multibillion dollar prescription drug market. The company will decide before Thanksgiving whether to move into selling prescription...

Friday, Oct 6, 2017 at 09:26 AM EDT

US Loses 33K Jobs in September, First Drop in 7 Years

US Loses 33K Jobs in September, First Drop in 7 Years

The U.S. lost 33,000 jobs in September after Hurricanes Harvey and Irma hit Texas, Florida and other Southeastern states. It was the first decline in nearly seven years. The unemployment rate fell to 4.2...

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