Business News

Latest headlines for business news around the world.

Risk tracker RMS predicts up to $5 billion in insured losses from Hurricane Florence

RMS' estimations include property damage and business interruption in residential, commercial, industrial and automobile businesses while factoring in post-event loss amplification.

Posted on 24 September 2018 | 5:19 pm

Want to see what's up Amazon's sleeve? Take a tour of Seattle

People who are interested in what is coming next from Amazon, just need to roam Seattle Amazon uses the city as a living laboratory, trying out new retail and logistics models, The New York Times reports.

Posted on 24 September 2018 | 4:51 pm

Trump praises trade deal with South Korea

President Donald Trump and South Korean President Moon Jae-in have signed the first major agreement of Trump's trade agenda.

Posted on 24 September 2018 | 4:28 pm

Google made a subtle change to Chrome that could help it track you online

The latest update to Google's Chrome browser automatically logs in users that sign into another Google service, like Gmail. 

Posted on 24 September 2018 | 4:19 pm

Starbucks to cut corporate staff as it shakes up its organization

Starbucks is about to make "significant changes" to its organizational structure, which could include corporate layoffs, according to an internal memo sent to employees by CEO Kevin Johnson.

Posted on 24 September 2018 | 4:02 pm

Google just rolled out a bunch of updates to its search engine

Google is enhancing Google Images, its core Google search and a feed of personalized content as it passes its 20th birthday.

Posted on 24 September 2018 | 2:25 pm

Eyes of the global marijuana industry are on Canada as it legalizes recreational use

The move comes at a time when major corporations like Constellation Brands are deepening investments in the space, cannabis stocks are seeing major volatility, and talk of a bubble is brewing.

Posted on 24 September 2018 | 2:09 pm

Hurricane Florence insured losses to range from $2.8 billion to $5 billion

Hurricane Florence insured losses to range from $2.8 billion to $5 billion

Posted on 24 September 2018 | 2:06 pm

Robo-farming: The first ever robotic indoor farm will supply Whole Foods, Jungle Jim's grocery store

A farm has plans to build a large, fully automated indoor farm, which will produce specialty greens to supply Fairfield-based Jungle Jim's International Market, Dayton-based Dorothy Lane Markets and national heavyweights such as Whole Foods and U.S. Foods. It will be the first of its kind, Cincinnati Business Courier reports. 

Posted on 24 September 2018 | 1:13 pm

Snapchat will add Amazon product search, so you can buy products directly from the app

Snapchat users will now be able to point their camera at a product and quickly find it on Amazon.

Posted on 24 September 2018 | 12:14 pm

Trump's trade war is spooking CEOs into scaling back investment, Business Roundtable survey says

The Business Roundtable found that nearly two-thirds of chief executives said recent tariffs and future trade tension would have a negative impact on their capital investment decisions over the next six months. 

Posted on 24 September 2018 | 11:45 am

Comcast climbs off session lows, ends trading 6% down after Sky win

With Monday's plunge, shares of Comcast are down more than 10 percent in 2018 and flirting with bear market territory.

Posted on 24 September 2018 | 10:32 am

RBC predicts nearly 30% gain for AMD shares, says chipmaker trades at 'a notable discount' to Nvidia

RBC Capital Markets began coverage of AMD on Monday, saying the steady demand for gaming chips and the company's solid gains in the server market make the stock underrated.

Posted on 24 September 2018 | 10:05 am

GE shares drop to 9-year low as weak power business stumbles

General Electric shares fell to a new 9-year low on Monday, dropping to levels not seen since July 13, 2009.

Posted on 24 September 2018 | 10:02 am

Dating app Bumble sets sights on IPO as it presses its $400 million lawsuit against Match

Bumble, the dating app, is pressing ahead with its $400 million countersuit on its larger rival Match and is pursuing an initial public offering.

Posted on 24 September 2018 | 10:00 am

'We have a special relationship': British PM May says she trusts Trump

When asked whether she trusted President Trump, May said: "Well, yes. I mean, we work together. We have a special relationship."

Posted on 24 September 2018 | 9:54 am

Microsoft, SAP and Adobe team up to help companies solve a vexing problem

Three companies with a combined market cap of $1.15 trillion want to make it easier for companies to work with data that's ordinarily stuck in multiple disparate systems.

Posted on 24 September 2018 | 9:28 am

Sears CEO proposes plan to avoid bankruptcy, as options and cash run low

According to the proposal filed Monday with the SEC, ESL is asking for a reduction in Sears' debt of nearly 80 percent to roughly $1.2 billion.

Posted on 24 September 2018 | 9:21 am

Singapore Airlines takes delivery of a plane to fly world's longest direct route

In October, the Airbus A350 will fly its maiden journey from Singapore to New York

Posted on 24 September 2018 | 9:03 am

Microsoft leapfrogs Amazon with a special-purpose A.I. box for cloud customers

Microsoft is going beyond boxes that can be mailed to sites, filled up with data and then mailed back to be stored in the cloud. Now, it's giving customers a way to do advanced computations with efficient hardware on site.

Posted on 24 September 2018 | 9:00 am

News site to investigate Big Tech, helped by Craigslist founder

The Markup, dedicated to investigating technology and its effect on society, will be led by two former ProPublica journalists.

Posted on 24 September 2018 | 8:52 am

Weight Watchers renames itself to 'WW' as consumers want to be well, not to diet

The weight loss company is shifting its strategy and launching several new initiatives. 

Posted on 24 September 2018 | 8:02 am

Lawmakers pave the way for the return of supersonic flight

A 45-year-ban on flights over U.S. soil is to be removed as aerospace firms attempt to address noise concerns.

Posted on 24 September 2018 | 7:41 am

Amarin shares surge 300% after fish oil capsule showed benefits to heart patients in trial

Amarin share prices nearly quadruple after the biopharmaceutical company's fish oil capsule showed dramatic benefits to heart patients in a clinical trial.

Posted on 24 September 2018 | 6:53 am

Sky advises shareholders to accept Comcast offer 'immediately'

U.K. broadcaster Sky has recommended its shareholder accept an offer from Comcast for a $40 billion takeover.

Posted on 24 September 2018 | 2:04 am

Singapore competition watchdog fines Uber and Grab $9.5m

The Competition and Consumer Commission said it had fined Uber S $6.58 m and GrabS $6.4 m to“ deter completed, irreversible mergers that harm competition”. Uber sold its south-east Asian operations to Grab in March in return for a 27.5 per cent in the Singapore- based company. “Mergers that substantially lessen competition are prohibited and CCCS has taken action...

Posted on 24 September 2018 | 12:05 am

Marvel's most powerful character ever is a woman, and about to become a billion-dollar star

Marvel Studios is about to release a movie starring its 'most powerful character ever,' and it is a woman. Captain Marvel is the comic book studio's first female superhero, and she could be Hollywood's next billion-dollar blockbuster franchise.

Posted on 23 September 2018 | 3:00 pm

Oil prices would be 'cheaper' if Trump would stop tweeting, Iran official says

Trump has criticized producer cartel OPEC several times on Twitter over what he claims is the deliberate inflation of oil prices.

Posted on 23 September 2018 | 12:47 pm

Russia says it has 'significant potential' to hike oil production after Iran sanctions

Russia could restore production to "October 2016 levels," Energy Minister Alexander Novak said.

Posted on 23 September 2018 | 10:54 am

Airports use parking lot loyalty programs and discounts to compete against Uber and Lyft

Parking is an important source of revenue for airports, sometimes second only to the fees airports collect from airlines. Airports are now scrambling to protect this key income stream as more travelers opt to take an Uber or Lyft to the airport.

Posted on 23 September 2018 | 10:43 am