Business News

General Electric made one of the biggest strategic shifts in its 123-year history by announcing plans to get out of the banking business and refocus on the conglomerate's sprawling industrial operations.

A conflict that "blew up" within and between the institutions negotiating Greece's 2010 bailout may have played a pivotal role in blocking efforts to ease the country's debt burden, according to a new paper. The implicat...

Bentley and St. Regis hotels have collaborated again - this time in Istanbul. For 5,050 euros a night ($5,345), you can stay in a huge corner suite in the chain's new Istanbul hotel. The suite was decorated by the famo...

Goldman Sachs boss Lloyd Blankfein is being portrayed as the puppet master in the long-running code-theft case against a former programmer. Sergey Aleynikov, 45, claims the powerful bank is pulling...

President Obama and First Lady Michelle Obama reported about the same amount of income in 2014 as they did in 2013, and paid nearly 20% in federal income taxes.

The new wave of wearable devices, flying drones, electric cars, and what-have-you are going to have higher and more specific power needs than what you get with our current lithium-ion (like in phones) and alkaline batter...

Don’t wave goodbye just yet - the Grateful Dead have announced additional stops on the Fare Thee Well Tour. The iconic jam band will play two shows in their native Bay Area at Levi’s Stadium in Santa Clara on June 27...

Summerville (United States)

The billionaire is setting his eyes in Latin America, and Brazil is an strategic partner.

Mercedes driver and F1 championship leader Lewis Hamilton stole pole position for Sunday's Chinese Grand Prix from teammate and fierce rival Nico Rosberg in dramatic fashion.

Pundits fear that shares may slump after an inconclusive result on 7 May. But investors in a globalised world have more to worry about than a hung parliament The headlines began warning us months ago of stock-market melt...

New research from the Kauffman Foundation shows that business incubators may not be helping startups as much as they claim to be.

The CEO of a startup is the hardest job you can have. Having these three things makes the job much easier.

WASHINGTON

Once a beacon of middle-class growth, L.A. has joined New York and San Francisco as an exclusive coastal city. The cause lies in its housing regulations.

LinkedIn acquires Lynda.com, Expands Into Professional Development

Piper Jaffray says its study of lead times for Apple Watch deliveries suggests the quick, initial sellout was a result of limited supply rather than strong demand.

Ben Smith, editor in chief of BuzzFeed, said he overreacted when he asked staff members to take down articles that were critical of sponsors' advertising.

'Everybody's entitled to their own opinion, but they're not entitled to their own facts,' HBO CEO Richard Plepler said in an interview with CNNMoney this week.

The U.S. government says China is using supercomputers for "nuclear explosive activities," so Intel can't sell them chips anymore.

Is that person telling the truth, or do you just want to believe?

If the city guarantees medallion loans and the prices keep falling anyway, the city and taxpayers will almost certainly lose out.