Business News

Progressive activists and economists who want the Federal Reserve to prioritize jobs and racial justice brought their case to the central bankers' summer meeting in Jackson Hole, Wyoming, on Thursday for two days of tea...

Sales rose despite the temporary closure of its Sloane Street store and lower demand from Russian tourists.

Brazil is Latin America's biggest economy but the country faces a troubling slump, with inflation close to 10% and unemployment rising steadily.

Chinese shares extend their recovery on the last day of a volatile week which started with shock losses that spread fear to global markets.

This startup's exit isn't an IPO, it's a pyre. A really big pyre. Imagine walking into an investor meeting and saying, "I need funding for my $300,000 project--but oh, by the way, when we're done with our startup, we're ...

A hedge fund advised by Nassim Nicholas Taleb, the man who popularized the "black swan theory," made a killing on Monday.  The Wall Street Journal's Juliet Chung reports that Mark Spitznagel's Miami-based Universa ...

Big Lots Inc. has placed global logistics operations in the hands of Chief Financial Officer Timothy Johnson. He will be in charge of the company's supply chain management as the company continues to restructure its stor...

With all the focus on jobs and employment, you'd think schools would take the obvious step and teach students how to sell.

Welcome to another GamesBeat weekly roundup! You can tell that the holiday season is getting close, because we published a ton of game reviews this week, including Mega Man Legacy Collection, Until Dawn, and Disney Infin...

Could this be Penn State all over again?          

UberChina has closed its funding round early, managing to raise the $1 billion it sought. Hillhouse Capital, Baidu and Citic led the charge and investors have reportedly agreed to funding that would value Uber's Chinese ...

If not now, then when? This is the defining moment when corporate America needs to stand up and publicly show leadership on confronting the biggest threat to our prosperity and social cohesion -- climate change. Like a c...

Wang Sicong, the son of the richest man in China, did an incredibly frank interview with the BBC for its three-part documentary on Chinese youth. We caught the interview via Shanghaiist. He said that for people in his ge...

JACKSON HOLE, Wyo.

Phil Anschutz is doubling down on the oil patch. The reclusive Denver billionaire has emerged as a big player in the restructuring of struggling fracking outfit Samson Resources -- putting...

If Steve Jobs were founding a furniture brand, this is what it might look like. A former Apple engineer is angling to create an empire by disrupting what he calls...

While your employees are soaking up their last days of vacation, a new study suggests some might feel like they are missing out on the action back at the office.

A new buzzword in entrepreneurship and equity investing is “inclusiveness.”  It is gaining traction with Venture Capitalists and angels alike, who see that building the diversity of the investor community and the en...

The "existing senior management team" will lead the company until a permanent CEO is appointed, Toronto-based Avid Life said.          

Former President Bill Clinton once sought information from Hillary Clinton's State Department about speaking invitations "related to two of the most repressive countries in the world," ABC News reported Friday. According...

A jury's decision to find a former prep school student guilty on several sexual assault misdemeanors and not guilty on three felony sexual assault charges is "a rational verdict," according to a University of New Hampshi...

The U.S. Department of Agriculture has approved a potato genetically engineered by Idaho-based J.R. Simplot Co. to resist the pathogen that caused the Irish potato famine and that still damages crops around the world.