Business

Chinese customs officials inspect cars being loaded for export at a port in Qingdao in eastern China's Shandong province.
Chinatopix via AP
May 24, 2018 - 8:21 am
BEIJING (AP) — China, Japan and the European Union condemned Thursday the Trump administration's decision to launch an investigation into whether tariffs are needed on imports of vehicles and automotive parts into the United States. President Donald Trump invoked a provision authorizing the...
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Four bidders are vying to buy the bankrupt manufacturer of Necco Wafers, Sweethearts and other iconic candies.
AP Photo/Charles Krupa, File
May 23, 2018 - 4:15 pm
BOSTON (AP) — The 171-year-old candy maker known for its chalky Necco Wafers and those little inscribed hearts that are everywhere on Valentine's Day was up for grabs in bankruptcy court Wednesday. A judge began hearing presentations by four suitors looking to acquire the New England Confectionery...
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Mark Zuckerberg shakes hands with European Parliament President Antonio Tajani
Photo by Xinhua/Sipa USA
May 23, 2018 - 11:50 am
(CNN) -- Mark Zuckerberg is taking his Facebook apology tour to Europe this week. The Facebook founder and CEO testified at a European Parliament meeting Tuesday. Zuckerberg said that he is sorry for how Facebook was used to spread fake news and misinformation campaigns. "I asked you six yes and no...
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sign outside the Comcast Center in Philadelphia
AP Photo/Matt Rourke, File
May 23, 2018 - 11:17 am
PHILADELPHIA (AP) — Comcast may make an offer for Twenty-First Century Fox, potentially putting it in a head-to-head bidding war with Disney. Comcast Corp. on Wednesday did not provide specific details on a bid, other than to say that it would be all cash and at a premium to the value of Disney's...
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Chef Jose Garces in his Olon restaurant.
Hadas Kuznits | KYW Newsradio
Steve Tawa
May 23, 2018 - 8:40 am
PHILADELPHIA (KYW Newsradio) -- A federal bankruptcy judge has decided which Jose Garces restaurants will be in play, as the famed chef tries to move a step closer to putting his portfolio of restaurants and catering unit on the auction block. But his partners, who feel jilted, opposed the move...
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Marvin Ellison
Jessica A. Stewart/The St. Joseph News-Press via AP, File
May 22, 2018 - 11:44 am
By Anne D'Innocenzio, AP Retail Writer NEW YORK (AP) — J.C. Penney CEO Marvin Ellison, a former Home Depot executive, is leaving the department store chain after less than four years to become the top executive at Lowe's. The announcement Tuesday, just days after J.C. Penney released disappointing...
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Facebook CEO Mark Zuckerberg
AP Photo/Andrew Harnik, File
May 22, 2018 - 10:14 am
By LORNE COOK, Associated Press BRUSSELS (AP) — European Union lawmakers plan to press Facebook CEO Mark Zuckerberg on Tuesday about data protection standards at the internet giant at a hearing focused on a scandal over the alleged misuse of the personal information of millions of people...
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Stacey Cunningham
NYSE/CNNMoney
May 22, 2018 - 9:53 am
By Chris Isidore (CNN Money) -- The New York Stock Exchange is about to be run by a woman for the first time in its 226-year history. The exchange announced that Stacey Cunningham will become the exchange's 67th president as of Friday. Cunningham, who is currently NYSE's chief operating officer,...
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General Electric
AP Photo/John Minchillo, File
May 21, 2018 - 9:26 am
NEW YORK (AP) — General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert...
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Prime Minister Justin Trudeau gestures during a roundtable discussion with members of the Canadian Technology Accelerator.
AP Photo/Charles Krupa
May 18, 2018 - 1:12 pm
CAMBRIDGE, Mass. (AP) — Canadian computer scientists helped pioneer the field of artificial intelligence before it was a buzzword, and now Prime Minister Justin Trudeau is hoping to capitalize on their intellectual lead. "We've been investing massively in AI," Trudeau told a conference of tech...
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