$35M vanishes as payroll company abruptly closes
The New-York based company allegedly vanished with nearly $35 million in payroll funds from customer firms, directly impacting employees who had been receiving direct deposits from the firm on a bi-weekly basis.
UAW president is unnamed co-conspirator in corruption probe: Report
The report is another blow to the union's reputation.
Stanford accepted $50,000 donation from Jeffrey Epstein
The donation came two years before allegations about the disgraced financier’s sexual misconduct with young girls began making the news.
SoftBank expected to buy WeWork shares worth $750M in IPO: Report
SoftBank Group Corp. is planning to buy $750 million of the shares in WeWork’s upcoming initial public offering, according to a report from The Wall Street Journal.
Trump: Illegal immigration costs US over $300B a year
President Trump promised to cut the costs of illegal immigration in a tweet on Friday.
London Stock Exchange rejects Hong Kong takeover offer
Earlier this week, the Hong Kong Stock Exchange said it started talks to buy the LSE.
Trade war: China says US soybeans, pork to be exempt from tariff hikes
The official Xinhua News Agency announced the move Friday, cited unidentified official sources, but gave no details.
California tests face creams after mercury poisoning leaves woman comatose
A California woman was using facial cream that’s in part intended to lighten skin and remove wrinkles. She's now hospitalized.
Google to pay over $1B to settle France tax disputes
Alphabet Inc's Google unit will pay more than $1 billion in fines and back taxes in order to settle tax disputes in France.
Budweiser brewer reportedly plans for slimmer IPO in Hong Kong
The world’s largest brewer, with brands like Budweiser and Corona, said in a statement Thursday they were aiming to go a little lighter.
ECB cuts rates deeper into negative territory, relaunches massive stimulus plan
The ECB makes another bold move.
'Biggest challenge of my life': World Trade Center developer describes rebuilding after 9/11
The anniversary of 9/11, when America remembers the deadliest attack on its soil in history, is an appropriate time to look up Larry Silverstein.
Hong Kong's London Stock Exchange bid may get more interesting: Fmr. NYSE CEO Dick Grasso
There is lots of money in exchanges these days.
GM recalls over 3.4M pickups, SUVs over brake issues
General Motors is recalling millions of pickup trucks and SUVs in the United States in order to fix a brake problem.
Charles Schwab cuts 600 jobs amid pressure from Fed interest rate cuts
The job cuts amount to roughly three percent of the San Francisco-based firm’s overall workforce and will impact offices nationwide.
JPMorgan CEO Jamie Dimon talks zero interest rates
Dimon was expecting higher, not lower rates this year.
FTC warns CBD companies: Stop saying your products treat cancer, Alzheimer's without proof
the Federal Trade Commission sent the letters to three companies who sell various products that contain cannabidiol.
India AI content startup gets $45M from Peter Thiel's Mithril Capital to expand globally
Glance provides consumers with artificial intelligence-driven, personalized content to the lock screens of smartphones.
NCAA athlete pay: How a California bill could change the business of college sports
On Monday, a bill passed the California State Assembly that would give college athletes the ability to make endorsement deals.
Target aims to hire more than 130K for holiday season
Seasonal hires will receive a minimum starting salary of $13 per hour. Target raised its hourly minimum wage in June.