Business News

Asian shares rebound, extending Wall Street gains

Asian shares rebounded Friday on hopes for progress in trade talks between China and the U.S., extending overnight gains on Wall Street

Trump to nominate Eugene Scalia for labor…

President Donald Trump says he will nominate lawyer Eugene Scalia to be his new labor secretary

Corvette goes mid-engine for first time to raise…

Engine moved from front to middle, changing the look and raising performance of the new Chevy Corvette

Judge weighs new Motel 6 settlement in immigration lawsuit

A revised settlement for Motel 6 guests who believe the national budget chain invaded their privacy by providing their information to immigration authorities is returning to court for a judge's review

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About 10,000 au pairs to get paid in class-action…

About 10,000 live-in childcare workers from around the world will be paid an average of $3,500 each under a class-action settlement that alleged exploitation of the mostly young women who perform the jobs

Boeing to take a $4.9 billion charge over…

The grounding of its 737 Max plane will cause Boeing to take a $4.9 billion charge and will cut $5.6 billion from the company's pre-tax income

Microsoft cloud growth beats expectations

Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing business that the company says now accounts for 30% of its total revenue

Deemed dangerous, Epstein denied bail in sex…

A judge who denied bail for jailed financier Jeffrey Epstein on sex trafficking charges says he poses a danger to the public and seems to still have an uncontrollable urge for sexual conduct with or in the presence of underage girls

House OKs $15 minimum wage, setting marker for…

House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, showcasing the progress, and challenge, of a signature issue for the party ahead of the 2020 election.

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Chewy rides on post-IPO high

Chewy offers rosy sales outlook after delivering 1Q results in line with Wall Street expectations

EPA rejects challenge of pesticide linked to…

EPA is rejecting legal challenges by environmental groups seeking a ban of a pesticide linked to brain damage in children.

Richard Branson inspired by Apollo, his own space…

Virgin Galactic's Richard Branson says his spaceship has a few more test flights before he jumps on board for the first tourist trip

Report: Newspaper chains Gannett, GateHouse in merger talks

Two of the country's largest newspaper companies are in "advanced talks" to combine, according to a Wall Street Journal report that cites unidentified people familiar with the matter

Trump: Administration to review Pentagon computer…

President Donald Trump says the administration will "take a very long look" at a massive multibillion-dollar contract the Pentagon is about to award for a cloud computing system

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Business Highlights

Business Highlights

Southwest cancellations will rise due to grounded Boeing jet

Southwest takes the grounded Boeing 737 Max out of its schedule for another month, until early November