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Business News

Saturday, Jun 16, 2018 at 01:05 AM PDT

Nike Sorry After Naval Academy Says Logo Resembles Crest

Nike Sorry After Naval Academy Says Logo Resembles Crest

Nike Inc. apologized after the U.S. Naval Academy in Maryland said the similarities between a logo for a clothing line and the academy's historic seal are undeniable. Nike said in a statement Friday that...

Friday, Jun 15, 2018 at 09:37 AM PDT

Why Many Americans Aren't Benefiting From Strong US Economy

Why Many Americans Aren't Benefiting From Strong US Economy

"The economy," Federal Reserve Chairman Jerome Powell declared this week, "is doing very well." And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960's. Consumers are...

Friday, Jun 15, 2018 at 01:29 AM PDT

Google Barely Moves Needle on Gender, Diversity in Workforce

Google Barely Moves Needle on Gender, Diversity in Workforce

Google barely raised the number of women and under-represented minorities among its ranks, while it got less white and more Asian over the past year, according to the search giant's fifth annual diversity...

Thursday, Jun 14, 2018 at 12:49 AM PDT

How Fox's Businesses Would Match Up With Disney and Comcast

How Fox's Businesses Would Match Up With Disney and Comcast

Competing bids from Comcast and Disney for the bulk of Twenty-First Century Fox come as the media landscape changes and companies get more involved in both creating and distributing content. X-Men and other...

Wednesday, Jun 13, 2018 at 09:55 PM PDT

Weak Pay Growth Puzzles Fed Chief, Just Like Everyone Else

Weak Pay Growth Puzzles Fed Chief, Just Like Everyone Else

Halfway through a news conference Wednesday, the head of the world's most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people...

Wednesday, Jun 13, 2018 at 06:46 PM PDT

Comcast Challenges Disney With $65B Bid for Fox

Comcast Challenges Disney With $65B Bid for Fox

Comcast made a $65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's...

Tuesday, Jun 12, 2018 at 08:47 AM PDT

Charitable Giving in US Tops $400 billion For First Time

Charitable Giving in US Tops $400 billion For First Time

Fueled by a surging stock market and huge gifts from billionaires, charitable giving in the United States in 2017 topped the $400 billion mark for the first time, according to the latest comprehensive report on...

Tuesday, Jun 12, 2018 at 08:16 AM PDT

Mayors of 7 US Cities Where Marijuana Is Legal Form Group

Mayors of 7 US Cities Where Marijuana Is Legal Form Group

Mayors from seven U.S. cities with legal marijuana have formed a coalition.

Tuesday, Jun 12, 2018 at 07:40 PM PDT

Federal Judge Approves AT&T-Time Warner Merger

Federal Judge Approves AT&T-Time Warner Merger

A federal judge approved the $85 billion mega-merger of AT&T and Time Warner on Tuesday, potentially ushering in a wave of media consolidation while shaping how much consumers pay for streaming TV and movies....

Monday, Jun 11, 2018 at 07:41 PM PDT

New Disclosure Shows Growing Kushner Wealth, Debt

New Disclosure Shows Growing Kushner Wealth, Debt

Financial disclosure forms released late Monday show that White House special adviser — and President Donald Trump's son-in-law — Jared Kushner's wealth and debt both appear to have risen over the year, an...

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