Business News

  • Everything We Know About the Upcoming Toyota Supra

    If there’s one yet-to-be-released car that everyone is anticipating (other than the mid-engine Corvette), it’s the upcoming Toyota Supra. The Supra moniker has been off the U.S. market for nearly 15 years now, believe it or not, and enthusiasts everywhere have been asking begging for its return…

    Bold Ride
  • Harness The Power Of Dividends

    If you invest in stocks, you probably love the thrill of buying an undervalued gem that rises 50% in a few months -- or that triples over two years. Who doesn't? It's a great feeling. But it doesn

    StreetAuthority Network
  • Cosby drops litigation against accuser in sex assault case

    PHILADELPHIA (AP) — Bill Cosby has dropped a lawsuit that demanded the accuser in his criminal case repay the money from their confidential 2006 court settlement.

    Associated Press
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    Free wings on National Chicken Wing Day

    A number of restaurants are offering special deals on chicken wings to celebrate the holiday.

    CNBC Videos
  • Boeing says it could end 747 production

    "If we are unable to obtain sufficient orders and/or market, production and other risks cannot be mitigated, we could record additional losses that may be material, and it is reasonably possible that we could decide to end production of the 747," Boeing said on Wednesday. Boeing said it had…

    Reuters
  • George Weston posts 2Q profit

    On a per-share basis, the Toronto-based company said it had net income of 81 cents. Earnings, adjusted for non-recurring costs, were $1.22 per share. The baked goods maker and parent of the conglomerate ...

    Associated Press
  • Weak refining profits add to woes at Exxon, Chevron

    US oil giants ExxonMobil and Chevron reported another bruising round of results Friday, with a glut of gasoline and other refined products adding to the hit from low oil prices. ExxonMobil reported a nearly 60 percent plunge in second-quarter net income to $1.7 billion, while Chevron suffered a…

    AFP
  • Chicago deficit narrows despite pension uncertainty-city analysis

    Chicago’s budget deficit could reach a 10-year low next year despite unresolved funding questions for its largest and most underfunded pension system, according to an annual financial analysis released by the city on Friday. “This is the result of hard work and difficult decisions, which have put…

    Reuters
  • Pennsylvania attorney general announces Hershey trust reform deal

    The Pennsylvania Attorney General's office on Friday unveiled the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10-year term limit for trustees and limits on their compensation to $110,000. The trust has been in the spotlight since Hershey rejected…

    Reuters
  • Commerzbank touts 'robust' capital in EU stress test

    Germany's Commerzbank AG on Friday said an EU test of banks' financial health showed its capital is robust, after it posted a weaker reading than most of its European peers under an "adverse" financial stress scenario. Germany's second biggest bank showed a capital strength measure that was eighth…

    Reuters
  • ECB approves rescue plan for Italian bank Monte dei Paschi: sources

    MILAN/SIENA (Reuters) - The European Central Bank has approved a privately funded rescue of Italy's third-largest lender, Monte dei Paschi di Siena , three sources said on Friday, staving off the risk that regulators would be forced to wind up its business. Under the bailout plan to be unveiled…

    Reuters
  • Innoviva beats 2Q profit forecasts

    The South San Francisco, California-based company said it had net income of 13 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 17 cents per share. The results ...

    Associated Press
  • Ruth's Hospitality misses 2Q profit forecasts

    The Winter Park, Florida-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 22 cents per share. The results ...

    Associated Press
  • Obama to showcase TPP after trade deal demonized by other Democrats

    By Roberta Rampton WASHINGTON (Reuters) - During a state visit from Singapore's prime minister on Tuesday, President Barack Obama on Tuesday will extol the benefits of the Trans-Pacific Partnership (TPP) trade deal that his fellow Democrats demonized at their convention this week. Obama wants the…

    Reuters
  • Inventory reduction curbs U.S. economic growth; rebound expected

    U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. In addition, the GDP growth estimate for the fourth quarter was cut by five-tenths of a…

    Reuters
  • Synaptics reports 4Q loss

    On a per-share basis, the San Jose, California-based company said it had a loss of 19 cents. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were 46 cents per ...

    Associated Press
  • Magellan Health matches Street 2Q forecasts

    The Scottsdale, Arizona-based company said it had profit of 16 cents per share. Earnings, adjusted for one-time gains and costs, came to 58 cents per share. The results met Wall Street expectations. The ...

    Associated Press
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    Cramer's stocks to watch: Amazon

    CNBC's Jim Cramer shares his thoughts on oil and Amazon.

    CNBC Videos
  • Judge: NHL to arbitrate co-owner's case against Predators

    The co-owner suing the Nashville Predators will have to plead his case against the franchise's ownership before NHL Commissioner Gary Bettman after a judge refused his bid to keep his lawsuit in a Tennessee court. According to online court records, Chancellor Ellen Hobbs Lyle issued her ruling…

    The Associated Press
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    Samsung soars with $7bln dollar earnings

    Samsung posts its best profits in over two years, powered by sales of its flagship smartphones the Galaxy S7 and S7 Edge. Ryan Brooks reports.

    Reuters Videos