Business

(AP Photo/Mary Altaffer, File)
October 28, 2018 - 7:50 pm
RALEIGH, N.C. (AP) — IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant's chief executive says will advance the company to the next step in cloud computing. IBM and Raleigh-based Red Hat...
Read More
(AP Photo/Matthias Schrader, File)
October 28, 2018 - 7:24 pm
DETROIT (AP) — The U.S. government is investigating Mercedes-Benz, alleging that the German automaker has been slow to mail safety recall notices and file required reports involving recalls of over 1.4 million vehicles. The National Highway Traffic Safety Administration said a review found that...
Read More
Dreamstime
October 27, 2018 - 8:24 pm
By Jackie Wattles (CNN) - - California's landmark net neutrality law is on hold. The state's attorney general has agreed not to enforce its new law — aimed at preventing internet providers from favoring certain websites and apps — while a lawsuit plays out in Washington. The California law put the...
Read More
Dreamstime
October 27, 2018 - 6:51 pm
SAN FRANCISCO (AP) — Investors for years have seemingly adored technology stocks as much as most people love their smartphones. But Wall Street has suddenly soured on Silicon Valley and the rest of tech, triggering a stomach-churning downturn in a turbulent October. Some of the hardest hit stocks...
Read More
Amazon Recycling
Getty Images
October 26, 2018 - 1:47 pm
By Emma Kennedy, CNN Business (CNN) -- Efforts to reduce the amount of waste going to landfills in the United States is attracting big-name investors. Amazon (AMZN) announced last week that it would invest $10 million in the Closed Loop Fund, joining other companies including Coca-Cola (KO),...
Read More
Coach Fur Coat
Angela Weiss/AFP/Getty Images via CNN
October 24, 2018 - 4:20 pm
Jordan Valinsky, CNN Business (CNN) -- Coach is shedding some fur. The luxury fashion brand has pledged to stop using real mink, fox, coyote and rabbit fur in its products by fall 2019. Coach CEO Joshua Schulman called the move a "truly meaningful milestone for the brand" in a statement. The fur-...
Read More
Specialist Matthew Grenier works on the floor of the New York Stock Exchange, Tuesday, Oct. 23, 2018.
AP Photo/Richard Drew
October 23, 2018 - 1:43 pm
(AP) — U.S. stocks slumped broadly on Wall Street Tuesday, sending the Dow Jones Industrial Average down 200 points and extending the market's recent string of losses. The latest selling came as investors grew unsettled by slowing economic growth in China and the growing costs of President Donald...
Read More
In this Aug. 1, 2017 file photo the brand logo of German car maker BMW is photographed on a car in Berlin.
AP Photo/Markus Schreiber, file
October 23, 2018 - 10:17 am
FRANKFURT, Germany (AP) — Automaker BMW says it is expanding a recall to cover 1.6 million vehicles worldwide due to possible fluid leaks that could result in a fire. BMW said Tuesday that in some diesel vehicles coolant could leak from the exhaust gas recirculation module, part of the emissions...
Read More
(AP Photo/Nick Ut, File)
October 22, 2018 - 8:30 pm
SAN FRANCISCO (AP) — A co-founder of Facebook's virtual-reality division is joining the exodus of executives to leave the company after striking it rich in lucrative sales of their startups. Oculus co-founder Brendan Iribe disclosed his decision to leave Facebook in Monday tweet, as well as a post...
Read More
(AP Photo/Matt Rourke, File)
October 22, 2018 - 8:23 pm
SAN FRANCISCO (AP) — Netflix plans to borrow another $2 billion to help pay for the exclusive series and movies that its management credits for helping its video streaming service reel in millions of new subscribers during the past five years. The additional debt load announced Monday isn't a...
Read More

Pages