Business News

  • Fox News calls ex-anchor Andrea Tantaros a 'wannabe' sexual harrassment victim

    Fox News on Monday denied claims made by former anchor Andrea Tantaros, who filed a lawsuit earlier this month saying she was taken off the air in April in retaliation for complaining about advances from former chairman Roger Ailes. The network called Tantaros an "opportunist" piggybacking off the…

    The Week
  • Fox News: Andrea Tantaros “An Opportunist”, Not A “Victim”

    Fox News Channel says its former host Andrea Tantaros “is not a victim, she is an opportunist” who is using a sexual harassment lawsuit as a “smokescreen” to distract from her “violation of her employment contract.” In a court filing today (read it here), Fox argued blisteringly that the complaint…

    Deadline
  • China's big banks set for hard slog as margins shrink

    SHANGHAI/BEIJING (Reuters) - Four of China's so-called 'Big Five' state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world's second-biggest economy hits borrowers and saps lenders' margins. Industrial and Commercial Bank…

    Reuters
  • Mondelez abandons pursuit of U.S. chocolate maker Hershey

    The abandoned deal, which would have created the world's largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey's Kisses and Reese's Peanut Butter Cups. The trust which controls Hershey was set up by the company's founder over a century ago to fund and run a…

    Reuters
  • Play

    Clinton's billionaire meetings

    Who got a seat at Clinton's table? CNBC's Eamon Javers highlights Hillary Clinton's personal schedule.

    CNBC Videos
  • U.S. slams EU, but Apple tax demand first issued in Washington

    The United States is furious at the European Union for handing Apple Inc a $14.5 billion tax demand on Tuesday but EU officials say it was Washington which put them on to the scheme in the first place. It was a U.S. Senate report in May 2013 revealing the tech giant's deal with the Irish government…

    Reuters
  • Tata Motors aims to turn around domestic business by 2019

    Tata Motors is overhauling its domestic supply chain, product portfolio and organisational structure as part of a three-year turnaround strategy, the company's chief executive said on Tuesday. The aim is to put Tata Motors among the top three car brands in India by the end of March 2019, Guenter…

    Reuters
  • Gap reports fire at Fishkill distribution center, no injuries

    All employees at the site affected by the blaze late on Monday were safe and an investigation was still underway, Gap spokeswoman Debbie Felix said. The clothing retailer owns a network of distribution centers in North America and England, including the affected facility, which spans over 8.6…

    Reuters
  • SpaceX signs first customer for used Falcon rocket

    By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) - Elon Musk's SpaceX has signed its first customer to use a previously flown rocket, with launch planned for later this year, the companies said on Tuesday. The launch for Luxembourg-based satellite operator SES SA will mark the first commercial reuse…

    Reuters
  • Chico's beats 2Q profit forecasts

    On a per-share basis, the Ft Myers, Florida-based company said it had net income of 17 cents. Earnings, adjusted for restructuring costs, were 25 cents per share. The results surpassed Wall Street expectations. ...

    Associated Press
  • Insight - Cheap money exposes weakness of German banks

    European Central Bank money-printing has exposed the fault lines in Germany's banking system, forcing its sprawling network of lenders to rethink their business models and slash costs. For years, most German banks' strategy was based around winning new business by offering fee-free accounts and…

    Reuters
  • As Beijing aims for blue skies over G20, China's steel mills get unexpected boost

    When Beijing ordered hundreds of industrial plants to close ahead of China's first-ever G20 summit next week, the government wanted to spruce up the host city of Hangzhou and ensure world leaders would gather under clear blue skies. In doing so, China's leaders may have given the nation's stricken…

    Reuters
  • Kenya close to ending drought crises, says local scientist award winner

    By Katy Migiro NAIROBI (Thomson Reuters Foundation) - Kenya is on its way to breaking the devastating cycle of drought, poverty and hunger over the next decade, a leading scientist said as he was named winner of a prestigious award. Kenyan scientist Andrew Mude won the 2016 Norman Borlaug Award for…

    Reuters
  • Play

    Fmr. Obama aide: Donald Trump is a 'psychopath'

    CNBC's Eamon Javers reports the latest on the presidential race including Donald Trump announcing an immigration speech and a former Obama aide calling Trump "the clinical definiation of a psychopath."

    CNBC Videos
  • Hospital, hepatitis C outbreak victims reach settlement

    Trinity Health and its hospital in Minot have agreed in principal on a legal settlement with 21 victims of the largest hepatitis C outbreak in recent U.S. history, though Trinity's legal fight with a nursing ...

    Associated Press
  • Cyber security firm LogRhythm raises $50 million after changing IPO plans

    By Heather Somerville SAN FRANCISCO (Reuters) - Cyber security company LogRhythm has raised $50 million from private investors after postponing plans for an initial public offering late last year, the company said on Tuesday, the latest sign of how austere the IPO market has become for some…

    Reuters
  • Asia’s Most Innovative Universities

    China and India have the biggest populations in the Asia-Pacific region, and the economic news coming out of both countries usually dominates world headlines. Out of the top 20 universities, 17 are based in Japan and South Korea. Topping the list as the most innovative university in Asia is KAIST,…

    Reuters
  • Abercrombie no longer sees comparable sales improving this year

    Teen apparel retailer Abercrombie & Fitch Co posted its 14th straight quarter of declining sales and said it no longer expects comparable sales to improve this year, highlighting its struggles to win back shoppers. Abercrombie and other retailers have struggled to compete with the trendier and…

    Reuters
  • Samarco dam failed due to poor drainage and design: investigation

    By Marta Nogueira and Stephen Eisenhammer BELO HORIZONTE/RIO DE JANEIRO (Reuters) - The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on…

    Reuters