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Business News

Tuesday, Aug 15, 2017 at 03:31 PM PDT

After Sales Scandal, Wells Fargo Announces Board Shakeup

After Sales Scandal, Wells Fargo Announces Board Shakeup

Wells Fargo announced a board shakeup Tuesday, including the coming retirement of three directors, in a restructuring effort following the bank's consumer sales scandal, CNBC reported. Elizabeth "Betsy" Duke...

Tuesday, Aug 15, 2017 at 10:17 AM PDT

Costco Must Pay $19 Million for Selling 'Tiffany' Rings

Costco Must Pay $19 Million for Selling 'Tiffany' Rings

Costco has been ordered by a federal judge to pay Tiffany & Co. more than $19 million for selling diamond rings that were identified as “Tiffany.” In her ruling, Manhattan judge Laura Taylor Swain wrote that...

Saturday, Aug 12, 2017 at 09:22 PM PDT

Facebook Anonymously Launches an App in China

Facebook Anonymously Launches an App in China

Facebook anonymously launched a new photo-sharing app in China in a new effort to make inroads in the world's most populous country.

Tuesday, Aug 15, 2017 at 06:20 AM PDT

The TV-Streaming Paradox: Why You May Miss the Cable Bundle

The TV-Streaming Paradox: Why You May Miss the Cable Bundle

The future of TV may well be a mishmash of streaming services that could rival the cost of a $100 cable bundle — but that are way more difficult to use. Disney's plan for two new streaming services (and...

Friday, Aug 11, 2017 at 05:18 AM PDT

Wall Street Starts to Pay Attention to North Korea Tensions

Wall Street Starts to Pay Attention to North Korea Tensions

Wall Street reaction to threats between President Donald Trump and officials in North Korea was muted earlier in the week, but cracks are beginning to show, NBC News reported. The Dow saw its biggest dip since...

Friday, Aug 11, 2017 at 03:52 AM PDT

Applebee’s to Shutter More Than 100 Restaurants

Applebee’s to Shutter More Than 100 Restaurants

DineEquity, the parent company of Applebee’s, announced Thursday it will close more than 100 of the chain’s locations. The announcement came with the release of the company’s second-quarter...

Thursday, Aug 10, 2017 at 03:51 PM PDT

More Uber Woes: Exec Resigns, Investor Sues Ousted CEO

More Uber Woes: Exec Resigns, Investor Sues Ousted CEO

Uber Technologies Inc. faced a fresh round of turmoil Thursday, with its global operations chief resigning and a major investor suing the ride-hailing company's former CEO. Ryan Graves told Uber staff in an...

Thursday, Aug 10, 2017 at 01:47 PM PDT

Beware at the Pump: Black Market Fuel Is Making Millions

Beware at the Pump: Black Market Fuel Is Making Millions

A black market for diesel and gasoline has rapidly spread around the nation, with organized crime gangs using fraudulent credit cards to syphon millions of dollars in fuel from gas stations into large tanks...

Thursday, Aug 10, 2017 at 12:59 PM PDT

Google Continues Property Buying Spree in Downtown San Jose

Google Continues Property Buying Spree in Downtown San Jose

Google is gobbling up properties, rapidly expanding its footprint in the South Bay.

Thursday, Aug 10, 2017 at 10:41 AM PDT

Lyft Sparks Censorship Fears With Email to Drivers

Lyft Sparks Censorship Fears With Email to Drivers

Lyft has ruffled feathers with an email sent to the ride-sharing giant’s drivers. The company has asked drivers to pump the brakes before speaking with the press, and instead check in with Lyft officials...

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