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Business News

Tuesday, Nov 28, 2017 at 10:41 PM EST

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

FCC Head Ajit Pai Goes After Hollywood, Tech Companies

The head of the Federal Communications Commission defended his plan to undo the country's net-neutrality rules by bringing the culture wars to telecommunications policy. FCC Chairman Ajit Pai last week unveiled...

Tuesday, Nov 28, 2017 at 07:19 PM EST

Uber Facing Federal Probe on Allegations of Espionage

Uber Facing Federal Probe on Allegations of Espionage

Federal prosecutors are investigating allegations that Uber deployed an espionage team to plunder trade secrets from its rivals. The revelation triggered a delay in a high-profile trial over whether the...

Tuesday, Nov 28, 2017 at 08:13 AM EST

Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4B

Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4B

Arby's is buying casual dining chain Buffalo Wild Wings in a deal worth about $2.4 billion. Arby's Restaurant Group Inc. said Tuesday that it will pay $157 per share. That's a 7 percent premium to Buffalo Wild...

Tuesday, Nov 28, 2017 at 08:44 PM EST

Judge Sides With Trump's Pick to Take Over Consumer Agency

Judge Sides With Trump's Pick to Take Over Consumer Agency

President Donald Trump scored a victory Tuesday when a federal judge refused to block the president's choice to temporarily run the nation's top consumer financial watchdog and, for the moment, ended a...

Tuesday, Nov 28, 2017 at 01:28 AM EST

How Trump's Pick to Lead Fed Could Differ From Today's Chair

How Trump's Pick to Lead Fed Could Differ From Today's Chair

Jerome Powell's confirmation to be chairman of the Federal Reserve is considered all but certain. Yet when a Senate committee holds a hearing Tuesday on Powell's nomination, one question will hover above the...

Monday, Nov 27, 2017 at 07:33 PM EST

Facebook Turns to AI to Help Prevent Suicides

Facebook Turns to AI to Help Prevent Suicides

Facebook is turning to artificial intelligence to detect if someone might be contemplating suicide. Facebook already has mechanisms for flagging posts from people thinking about harming themselves. The new...

Monday, Nov 27, 2017 at 07:37 PM EST

Black Friday Gun Background Checks Break Records

Black Friday Gun Background Checks Break Records

Fear of a crackdown following recent massacres in Las Vegas and Texas appears to be one of the reasons Black Friday was a banner day for gun buyers, with the FBI reporting a record 203,086 background checks for...

Tuesday, Nov 28, 2017 at 02:13 PM EST

Effort to Oust Trump Name, Management in Luxury Panama Hotel

Effort to Oust Trump Name, Management in Luxury Panama Hotel

Owners of the Trump International Hotel in Panama are working to strip President Donald Trump's name from the 70-story building and fire the hotel management company run by Trump's family. The property once paid...

Monday, Nov 27, 2017 at 02:27 PM EST

Meredith Buying Time Inc. With Boost From Koch

Meredith Buying Time Inc. With Boost From Koch

Magazine and broadcasting company Meredith is buying magazine publisher Time for about $1.8 billion, with help from the billionaire Koch brothers, to bulk up on readers as the publishing industry navigates...

Friday, Nov 24, 2017 at 11:36 PM EST

Macy's Says It's Fixed Gift, Credit Card Issue

Macy's Says It's Fixed Gift, Credit Card Issue

Macy's says it has "fully resolved" problems on Black Friday related to its processing some gift and credit cards. The chain blamed the glitch on "overcapacity" that caused some transactions to take longer to...

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