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Instagram Co-Founders to Step Down From Facebook

Instagram Co-Founders to Step Down From Facebook

The two co-founders of Facebook’s popular Instagram app are stepping down, a surprise move marking continued tumult at the social-networking giant.

Published 2 months ago

Michael Kors Nears Deal to Buy Versace for Around $2.4 Billion

Michael Kors Nears Deal to Buy Versace for Around $2.4 Billion

Michael Kors is close to a deal to buy Italian fashion house Gianni Versace for around $2.35 billion, in a move that would put one of the glitziest names in high fashion in the hands of a budding U.S. conglomerate better known for affordable luxury.

Published 2 months ago

Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

CEO Edward Lampert wants creditors to restructure about $1.1 billion of debt due in 2019 and 2020.

Published 2 months ago

US approves $330m arms sale to Taiwan

US approves $330m arms sale to Taiwan

Second deal under Donald Trump seen as fresh sign of Washington’s support for Taipei

Published 1 second ago

Deputy Attorney General Rod Rosenstein to Meet Donald Trump to Consider His Future at DOJ

Deputy Attorney General Rod Rosenstein to Meet Donald Trump to Consider His Future at DOJ

Deputy Attorney General Rod Rosenstein, who oversees Robert Mueller’s Russian probe, is set to meet with President Trump Thursday to discuss “recent news stories,” the White House said, amid conflicting reports on whether Mr. Rosenstein is leaving his post.

Published 2 months ago

Ernst & Young hit with new sexual harassment claim

Ernst & Young hit with new sexual harassment claim

Second partner also alleges gender discrimination and retaliation

Published 1 second ago

Trade disputes start to crimp US corporate hiring and investment plans

Trade disputes start to crimp US corporate hiring and investment plans

Business Roundtable group finds CEO confidence receding from historic high

Published 1 second ago

Trump Pursues Trade Deals in Asia, Europe Amid Frostiness With China

Trump Pursues Trade Deals in Asia, Europe Amid Frostiness With China

The Trump administration is turning to allies in Asia and Europe for trade deals as U.S. relations with China deteriorate and the two world’s largest economies exchange tit-for-tat tariffs that risk damaging global commerce.

Published 2 months ago

There’s Tiger Woods—Then There’s Everyone Else

There’s Tiger Woods—Then There’s Everyone Else

A comeback win for Tiger Woods affirms his unrivaled grip on golf.

Published 2 months ago

Airlines Try to Whip Up Better Meals for Coach Fliers

Airlines Try to Whip Up Better Meals for Coach Fliers

American Airlines is forming a partnership with the fast-casual dining chain Zoës Kitchen to offer a revised onboard menu for economy-class passengers.

Published 2 months ago

In Disneyland’s Hometown, Once Warm Relations Have Frozen

In Disneyland’s Hometown, Once Warm Relations Have Frozen

Tapping public animus toward corporate subsidies, Anaheim politicians are questioning the wisdom of granting Disney hundreds of millions in longstanding tax breaks to support expansion. The largest of those deals was terminated last month.

Published 2 months ago

North American dealmaking leaves M&A at record high

North American dealmaking leaves M&A at record high

Merger-hungry groups riding stock market highs shrug off concerns over trade war

Published 1 second ago

Donald Trump to meet Rod Rosenstein on Thursday

Donald Trump to meet Rod Rosenstein on Thursday

Meeting comes amid reports that job of overseer of Russia investigation could be at risk

Published 1 second ago

Macri says Argentina’s ‘zero deficit’ budget can pass

Macri says Argentina’s ‘zero deficit’ budget can pass

President sees support for austerity measures critical to $50bn IMF programme

Published 1 second ago

Despite Big Merger, Investors Still Cautious on Gold Mining Companies

Despite Big Merger, Investors Still Cautious on Gold Mining Companies

The mixed reaction to Monday’s gold-mining megamerger of Barrick Gold and Randgold underscores the challenges facing the North American gold sector, where shares have tumbled this year to discounts rarely seen outside significant market downturns.

Published 2 months ago