Business News

Time Warner, the owner of cable channels CNN and HBO and movie studio Warner Bros, raised its 2016 adjusted profit forecast and set a $5 billion share buyback program. The New York-based company, whose fourth-quarter pro...

(Reuters) - HSBC has been sued by the families of U.S. citizens murdered by drug gangs in Mexico, claiming the bank let cartels launder billions of dollars to operate their business.

KKR learned that oil and debt don't mix after falling commodity prices doomed two of its biggest investments: the multibillion-dollar buyouts of power producer TXU and oil explorer Samson Resources.

Games generated approximately 85 percent of mobile app market revenue in 2015, representing a total of $34.8 billion across the globe, according to a report on the app economy by market researcher App Annie. The data is ...

The app economy consists of everybody who makes money and has a job thanks to mobile apps. By 2020, the app economy could double in size to $101 billion, according to market researcher App Annie. The growth will be drive...

Apple iPhones repaired by third parties have experienced some malfunctions.          

Bizuayehu Tesfaye/AP Images for Faraday Future Electric-car company Faraday Future and the state of Nevada appear to be hitting some gridlock. The two entities announced an agreement late last year to build Faraday Futur...

AP With little political capital remaining on Capitol Hill, President Obama on Tuesday unveiled the final budget proposal of his administration – a largely aspirational, record $4.1 trillion plan including hundreds of ...

The size of price moves across asset classes and the rise of volatility this year have left investors grasping for an overarching thesis, leading to the rise of multiple explanations. Here are five theories.

Wikimedia Economists have long sought to find the magical indicators that foretell an economic recession. After crunching through all the data, some have argued that there two indicators that stand above the rest: the yi...

REUTERS/Steve Marcus Here is a bit of a look into where all this Wall Street political money is going. Up to last night's primary, political ads slamming presidential candidate John Kasich for his time working at Lehman...

Reuters/ Fred Prouser The Obama administration’s proposed $10.25 per barrel oil tax adds up to approximately $32 billion a year, and critics are coming out of the woodwork in defense of both the oil industry and end us...

Jim Bourg/Reuters The Federal Reserve is watching China.  In prepared remarks set to be delivered to Congress on Wednesday morning, Fed chair Janet Yellen made a number of references to China, specifically how financia...

With his spending proposals, the president laid out a clear view of government's role in the labor market, providing a detailed agenda to ease the anxieties of workers weighed down by job insecurity and income volatility...

As the stock market continues its 2016 slide, technology stocks are falling even further, victims partly of their own success.

Burger King announces that hot dogs will be the newest addition to its menus in the US.

The long-serving CEO isn't buying Wall Street's jitters about the company's performance

Google Grail, a healthcare firm developing a blood test for early cancer detection, named former Google X Senior Vice President Jeff Huber as its CEO Wednesday. Huber said he wants to apply his experience building large-...

The Google Cloud Platform, the public cloud infrastructure from Google that developers can use to build and run their own apps, last night released a fascinating service called Google Cloud Functions. The tool, which all...

Flickr / Nadia Hatoum It's not every day that you see $10 billion vanish before your eyes. That's basically what happened when LinkedIn's stock crumbled 44% after reporting its quarterly financial results last week — ...

Yellen also addressed concerns about China's currency

Thomson Reuters The mayor of Flint, Michigan, which is struggling to cope with dangerous levels of lead in its drinking water, said on Tuesday the city would replace all residents' pipes and was counting on state and fed...