Business News

Sears Estate Sues Ex-CEO, Mnuchin For Allegedly…

​The lawsuit alleges "[Eddie] Lampert caused more than $2 billion of assets to be transferred to himself and Sears' ​other shareholders."

Judge: Resumption of US coal sales by Trump needs…

A federal judge in Montana says the Trump administration failed to consider the environmental effects of resuming coal sales from federal lands, but stopped short of halting future sales

Corporate America embraces 420 as pot…

Corporate America is starting to embrace 420, the marijuana holiday long recognized by potheads around the world

How many cherries in frozen pie? FDA may soon…

President Donald Trump may soon be able to claim a sweet victory for his deregulation push: Officials are preparing to get rid of decades-old rules for frozen cherry pies

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Panel to review approval of Boeing 737 Max flight…

A team of experts next week will begin reviewing how the Boeing 737 Max flight control system was approved by the U.S. Federal Aviation Administration

Business Highlights

Business Highlights

Report: FTC considering oversight of Facebook's…

Washington Post says discussions between Facebook and Federal Trade Commission officials about the company's data-handing lapses have touched on instituting some sort of oversight for company CEO Mark Zuckerberg

Ancestry pulls slavery-era ad after backlash

Ancestry.com is apologizing after an ad for the DNA testing company that showed a white man and black woman discussing escaping to the North during the Civil War era drew widespread criticism online

Honda slows Accord, Civic production as buyers shift to SUVs

Honda is slowing production of Accord and Civic cars as U.S. buyers continue to favor SUVs and trucks

Court: EPA has 90 days to justify use of dangerous pesticide

A federal appeals court has given the Environmental Protection Agency 90 days to justify why a widely used but dangerous pesticide should stay on the market

Climate protests close London bridge; 570 arrests…

Climate protesters are once again trying to shut down parts of London to urge residents to do more to protect the Earth from rising temperatures

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US home construction slips 0.3% in March

US home construction slides 0.3% in March, posing a potential challenge to homebuyers

Fiat Chrysler recalls over 300K cars due to rollaway risk

Fiat Chrysler is recalling more than 300,000 vehicles in North America because a transmission problem could cause them to roll away unexpectedly

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US official lauds Cyprus' anti-money laundering efforts

A senior U.S. Treasury Department official had lauded Cyprus' efforts to combat money laundering, saying that the east Mediterranean island has done "outstanding" work to curtail the illicit practice

Alibaba head's remarks spark debate over China…

Remarks by the head of Chinese online business giant Alibaba that young people should work from 9 a.m. to 9 p.m. six days a week if they want financial success have prompted a debate over work-life balance