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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...

Monday, Jul 17, 2017 at 06:03 PM EDT

Guest Worker Boost Comes Too Late, Some Small Businesses Say

Guest Worker Boost Comes Too Late, Some Small Businesses Say

The Trump administration acted Monday to allow 15,000 more visas this year for temporary seasonal workers, but some business owners say the effort comes too late. Under authority from Congress, Homeland...

Friday, Jul 14, 2017 at 06:31 PM EDT

JPMorgan CEO Shifts Topic to Politics From Financial Results

JPMorgan CEO Shifts Topic to Politics From Financial Results

After JPMorgan Chase posted a record $7 billion quarterly profit, the last thing a contentious Jamie Dimon wanted to talk about Friday was his company's earnings. Instead, the CEO of the nation's largest bank...

Friday, Jul 14, 2017 at 05:34 PM EDT

Hootie Johnson, Former Augusta National Chairman, Dies

Hootie Johnson, Former Augusta National Chairman, Dies

Hootie Johnson, the South Carolina banker and Augusta National chairman who stubbornly stood his ground amid pressure for the club to invite female members, died Thursday morning. He was 86. Augusta National...

Friday, Jul 14, 2017 at 04:29 PM EDT

S&P 500 Closes at Record, Topping June High

S&P 500 Closes at Record, Topping June High

Stocks rose to record levels on Friday as earnings season kicked off, CNBC reported. The S&P climbed 0.6 percent to close at 2,459.27, setting intraday and closing records. The index's previous intraday...

Thursday, Jul 13, 2017 at 12:59 PM EDT

Investors: 'Pharma Bro' Shkreli Was Shady -- and Profitable

Investors: 'Pharma Bro' Shkreli Was Shady -- and Profitable

The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out...

Wednesday, Jul 12, 2017 at 08:46 PM EDT

Apple to Open Data Center in China With Government Ties

Apple to Open Data Center in China With Government Ties

Apple will open a data center in mainland China with ties to the country's government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads...

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