Business News

Latest headlines for business news around the world.

Walmart taps 4 more delivery companies to help it get groceries to homes

Walmart says it's now working with Point Pickup, Skipcart, AxleHire and Roadie in cities across four states, to start, with a larger expansion to take place "in the coming weeks."

Posted on 17 January 2019 | 2:00 pm

TSA says absences rise because airport screeners can't afford to work unpaid

The Transportation Security Administration says unpaid airport screeners have not been showing up to work because of financial reasons. TSA's ranks of 51,000 have been deemed essential and have been ordered to work without paychecks in the shutdown.

Posted on 17 January 2019 | 1:54 pm

Shareholders are pressuring Amazon to stop selling facial recognition tech to the government

A group of Amazon shareholders have filed a letter demanding the company to stop selling its facial recognition software to government agencies.

Posted on 17 January 2019 | 1:49 pm

Satya Nadella gave a nod to a rumor about a new Microsoft bundle

A consumer version of Microsoft 365 is on the way, almost two years after Microsoft unveiled a version of the bundle for workers.

Posted on 17 January 2019 | 1:46 pm

Walmart abandons plans for video-streaming service and will focus instead on Vudu

Walmart is bucking the video-streaming trend, and is opting not to launch a new service after talks with ex-Epix CEO Mark Greenberg ended.

Posted on 17 January 2019 | 1:42 pm

Ford is building hybrid and all-electric F-150 pickups it says won't skimp on power

Ford says hybrid and electric versions F-150 pickup will be exceptionally capable, offering more towing and off-road power, justifying possible sticker shock from the higher prices.

Posted on 17 January 2019 | 1:39 pm

Doom and gloom: Department stores' disappointing holiday sales results spell trouble for 2019

Macy's, J.C. Penney, Nordstrom and Kohl's each have given Wall Street a glimpse at how they performed this holiday season. And it doesn't look good.

Posted on 17 January 2019 | 1:23 pm

Netflix's price hike is a 'Catch-22' that actually helps Disney's upcoming streaming service

Netflix subscription price hike is a "key dilemma" that makes future competitors like Disney more viable, New Constructs CEO David Trainer says.

Posted on 17 January 2019 | 1:04 pm

Fossil shares jump after Google agrees to buy smartwatch tech for $40 million

Google will buy $40 million worth of Fossil's smartwatch tech, Fossil said on Thursday, driving shares of the company upward.

Posted on 17 January 2019 | 12:42 pm

Sears announces Lampert's hedge fund, ESL, as winning bid in bankruptcy court auction

Sears Chairman Eddie Lampert's winning bid creates a path for the company to emerge from bankruptcy.

Posted on 17 January 2019 | 11:36 am

Facebook manager says in internal post she quit after being 'harassed' over views on diversity

A Facebook engineering manager left the company earlier this month after being harassed by her colleagues for expressing criticism.

Posted on 17 January 2019 | 11:18 am

Air Force grants 3D rocket printer Relativity Space a 'premier' launch pad in Florida

Relativity Space announced Thursday a contract with the U.S. Air Force to build and operate a launch facility at Cape Canaveral.

Posted on 17 January 2019 | 11:00 am

FDA clears the way to increase access and lower cost of life-saving opioid overdose treatment drug

The FDA's change clears the way for drugmakers to sell naloxone without a prescription. The life-saving treatment for opioids is also known as Narcan and Evzio.

Posted on 17 January 2019 | 10:36 am

Leslie Moonves is going to arbitration with CBS over his $120 million exit package

Les Moonves is bringing his case against CBS to binding arbitration, the company said in an SEC filing Wednesday.

Posted on 17 January 2019 | 10:12 am

Amazon is launching a public version of its invite-only robotics and AI conference for billionaires

Amazon announces a new re:Mars conference that will gather experts in machine learning, robotics, automation and space in Las Vegas.

Posted on 17 January 2019 | 9:51 am

Signet Jewelers shares tank on weak holiday sales, retailer warns of more store closures

Signet Jewelers shares tanked after the diamond retailer slashed its sales outlook and said holiday sales came up short of expectations.

Posted on 17 January 2019 | 9:49 am

All bets are off for the government shutdown's impact on the Super Bowl

The nation's most-watched sporting event takes place in less than three weeks — and officials are fearful about travel and security, NBC News reports.

Posted on 17 January 2019 | 9:25 am

Electronic Arts downgraded amid slowing FIFA sales, unproven game slate

EA has "a lot to prove" between slowing sales of FIFA Ultimate Team and a host of upcoming mixed-reviewed games, according to Jefferies.

Posted on 17 January 2019 | 8:50 am

GE heading lower because key aviation business is worth less than believed, analyst says

General Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the embattled conglomerate looks at ways to boost its fallen value.

Posted on 17 January 2019 | 8:14 am

Apple CEO Tim Cook says the US government should let people track and delete their data 'on demand'

Apple Chief Executive Tim Cook said the U.S. Federal Trade Commission should form what he called a "data-broker clearinghouse."

Posted on 17 January 2019 | 8:04 am

Nissan challenges Tesla in massive shift to electric with 'complete reinterpretation' of the car

The Nissan IMs and Infiniti QX Inspiration imagine a "complete reinterpretation" of tomorrow's zero-emissions vehicles that will have, among other things, vastly more roomy interiors by all but eliminating the traditional engine compartment.

Posted on 17 January 2019 | 8:00 am

CSX shares fall after the railroad operator forecast less robust revenue growth for 2019

CSX on Wednesday reported quarterly profit that topped Wall Street's expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019.

Posted on 17 January 2019 | 7:47 am

Target is making a bigger bet on baby

Without Babies R Us, Target sees an opportunity to double down on its own baby business and is expanding one of its in-house brands to sell things like diapers and wipes.

Posted on 17 January 2019 | 7:00 am

Clothing retailer Gymboree files for bankruptcy again

Children's clothing retailer Gymboree filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday it will close more than 800 Gymboree and Crazy 8 stores.

Posted on 17 January 2019 | 6:49 am

'Smoooth Dogg': Snoop Dogg just backed a Swedish online payments unicorn

Snoop Dogg is better known for his work in the music business — but the U.S. rapper is now throwing his weight behind fintech.

Posted on 17 January 2019 | 6:46 am

Stocks rise ahead of Netflix earnings, but gains capped after Morgan Stanley miss

Stocks rose slightly on Thursday as investors awaited the release of Netflix's latest quarterly results, but gains were held in check amid weaker-than-expected Morgan Stanley earnings and uncertainty around the Chinese economy.

Posted on 17 January 2019 | 4:56 am

Elon Musk says Tesla is ending its customer referral program as it's costing too much

Musk said Tesla would ditch the customer referral scheme as it's "adding too much cost to the cars, especially Model 3."

Posted on 17 January 2019 | 4:09 am

European markets close flat after May survives no-confidence vote; ITV shares dive 6%

European stocks were lower Thursday afternoon, amid heightened political uncertainty in the U.K. and ongoing concerns over China's cooling economy.

Posted on 17 January 2019 | 1:52 am

Cramer Remix: You'll want to own this stock when the company gets its groove back

Jim Cramer breaks down the potential behind struggling shipping giant UPS.

Posted on 16 January 2019 | 6:59 pm

Dealmaking surge confirms the stock market got far too cheap after late 2018 sell-offs: Cramer

Jim Cramer explains why there's been more merger and acquisition activity in recent months and says it's "just getting started."

Posted on 16 January 2019 | 6:56 pm