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Business News

Monday, Jan 9, 2017 at 02:14 PM EST

Alibaba CEO Talks Jobs With Trump

Alibaba CEO Talks Jobs With Trump

Jack Ma, the CEO of China-based tech giant Alibaba, met with President-elect Donald Trump in New York City Monday and vowed to focus on small businesses as the company plans its expansion to the U.S. "Jack and...

Sunday, Jan 8, 2017 at 07:22 PM EST

Fiat Chrysler to Build 3 New Jeeps, Create 2,000 Jobs in US

Fiat Chrysler to Build 3 New Jeeps, Create 2,000 Jobs in US

Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks...

Sunday, Jan 8, 2017 at 06:46 PM EST

Waymo Self-Driving Minivan Will Start Test Drives This Month

Waymo Self-Driving Minivan Will Start Test Drives This Month

Waymo, Google's self-driving car division, will start testing its new fleet of minivans on public roads in California and Arizona later this month. The minivans, built in collaboration with Fiat Chrysler,...

Thursday, Jan 5, 2017 at 11:20 PM EST

Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant

Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant

Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a...

Thursday, Jan 5, 2017 at 01:01 PM EST

Sears to Sell Craftsman Tool Brand for $900M

Sears to Sell Craftsman Tool Brand for $900M

Sears is selling its well-known Craftsman brand to Stanley Black & Decker Inc., which plans to grow the tool brand by selling its products at more stores. Currently, only 10 percent of Craftsman products are...

Thursday, Jan 5, 2017 at 10:23 AM EST

Macy's to Close 65 Stores in 2017, Cut 10K Jobs

Macy's to Close 65 Stores in 2017, Cut 10K Jobs

Macy's announced Wednesday it is shutting down 65 stores in 2017 and eliminating an estimated 10,000 jobs as it battles slowing sales and growing online competition. The closures are part of a previously...

Tuesday, Jan 3, 2017 at 03:42 PM EST

Sneaker Makers Stake Claim in Boston

Sneaker Makers Stake Claim in Boston

Shoe makers are racing to the Boston area as they compete for millennial talent. Reebok picked the city's rapidly growing Seaport District for its new global headquarters in December, following in the...

Tuesday, Jan 3, 2017 at 12:27 PM EST

Ford Cancels Mexico Plant, Will Reinvest in Michigan

Ford Cancels Mexico Plant, Will Reinvest in Michigan

Ford announced the cancellation of a new $1.6 billion plant in Mexico and will instead reinvest in Michigan.

Saturday, Dec 24, 2016 at 04:15 AM EST

Whole Foods Managers Fired for Whistleblowing: Lawsuit

Whole Foods Managers Fired for Whistleblowing: Lawsuit

Nine managers who were fired by Whole Foods supermarkets for allegedly manipulating a bonus program filed a class-action lawsuit against the grocery chain. According to the lawsuit filed this week in D.C....

Thursday, Dec 15, 2016 at 06:30 AM EST

CEOs of Tesla, Uber and Pepsi Join Trump's Business Council

CEOs of Tesla, Uber and Pepsi Join Trump's Business Council

The real-life Iron Man has agreed to help Donald Trump. Elon Musk, CEO of Tesla and SpaceX joined the president-elect’s business council on Wednesday, NBC News reported. Two other CEOs, Travis Kalanick of Uber...

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