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Business News

Tuesday, Nov 7, 2017 at 07:51 PM EST

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Forbes reported Tuesday that Commerce Secretary Wilbur Ross exaggerated his net worth to the magazine by $2 billion. The publication cited years of internal reporting notes and conversations with Ross, an...

Tuesday, Nov 7, 2017 at 05:08 PM EST

What Are the 'Paradise Papers'?

What Are the 'Paradise Papers'?

A trove of leaked documents known as the "Paradise Papers" have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency. The papers...

Tuesday, Nov 7, 2017 at 08:32 AM EST

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

A former foreign policy adviser to President Donald Trump's campaign has acknowledged in testimony to Congress that he had contact with a high-level Russian official while on a trip to Russia last year,...

Monday, Nov 6, 2017 at 01:48 PM EST

21st Century Fox in Talks on Partial Sale to Disney: Sources

21st Century Fox in Talks on Partial Sale to Disney: Sources

21st Century Fox has been holding talks about selling most of the company to Walt Disney Co., except for media properties focused tightly on news and sports, people familiar with the situation tell CNBC. The on...

Monday, Nov 6, 2017 at 10:36 AM EST

Marshalls, TJ Maxx Still Paying Workers of Closed PR Stores

Marshalls, TJ Maxx Still Paying Workers of Closed PR Stores

TJX Cos., the parent company of TJ Maxx, Marshalls and HomeGoods, is being praised for continuing to pay its employees in Puerto Rico even though their stores remain closed due to damage from Hurricane...

Friday, Nov 3, 2017 at 12:09 PM EDT

Equifax Calls Executive Stock Sales Days After Breach Legal

Equifax Calls Executive Stock Sales Days After Breach Legal

Equifax, the credit report company hacked over the summer exposing the personal information of 145 million Americans, said a special committee has determined that none of the four executives who sold shares...

Friday, Nov 3, 2017 at 11:04 AM EDT

US Hiring Jumps After Hurricanes as Employers Add 261K Jobs

US Hiring Jumps After Hurricanes as Employers Add 261K Jobs

U.S. employers added a solid 261,000 jobs in October in a bounce-back from the hurricanes that slammed the Southeast in September. The unemployment rate declined to 4.1 percent, the lowest in nearly 17...

Thursday, Nov 2, 2017 at 04:29 PM EDT

Dow Closes at Record High in Wild Session

Dow Closes at Record High in Wild Session

U.S. equities closed mostly higher on Thursday after a wild session as investors examined the details of the tax-reform plan proposed by Republicans, CNBC reported. The plan would permanently lower the...

Monday, Nov 6, 2017 at 08:17 PM EST

Razer Phone Offers Video, Gaming With Powerful Display

Razer Phone Offers Video, Gaming With Powerful Display

A new smartphone wants to raise the level of mobile gaming with a bolder display and more power. The Razer Phone, an Android smartphone, boasts a 120Hz display and a large battery to keep users energized for...

Tuesday, Oct 31, 2017 at 03:27 PM EDT

Auto Industry Declares War on Trump Over NAFTA

Auto Industry Declares War on Trump Over NAFTA

The U.S. automotive industry has largely embraced the benefits of the North American Free Trade Agreement since it went into effect Jan. 1, 1994, which may explain why auto and parts makers have become some...

 

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