Business News
FTC probing allegations of Amazon's deceptive discounting7/20/2017 9:47:45 PMWASHINGTON - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.Euro at two-year high, Asian shares barely budge7/21/2017 12:52:48 AMTOKYO - The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree7/21/2017 1:58:08 AM - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.Exxon sues U.S. over fine levied for Russia deal under Tillerson7/20/2017 11:11:35 PMWASHINGTON/HOUSTON - Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.Microsoft profit beats expectations on strong cloud demand7/21/2017 2:02:02 AMSAN FRANCISCO - Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove.Tech group sides with Apple in Qualcomm's iPhone ban dispute7/21/2017 12:04:00 AM - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.U.S. attempt to limit Wall Street bonuses fizzles out quietly7/21/2017 12:57:10 AMWASHINGTON - The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives.Trump unveils companies' $500 million U.S. drug packaging project7/20/2017 8:10:38 PMWASHINGTON - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.Visa beats profit estimates, lifts earnings forecast7/20/2017 10:36:28 PM - Visa Inc , the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its annual earnings forecast, as more people across the United States and Europe used its payments network.Chipotle shares fall on Norovirus, rodent incidents7/20/2017 10:09:13 PMBOSTON - Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral.