Business News

Germany: 8 more charged in Volkswagen diesel…

German prosecutors say they have filed charges against eight more Volkswagen employees accused of involvement in the company’s diesel scandal, which saw it sell cars fitted with software that let them cheat on emissions tests

China blasts US House bill, denies forced labor…

China is lashing out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over the alleged use of forced labor in China's Xinjiang region, calling the allegation a lie

UK says no-deal Brexit could see 7,000-truck…

The British government says there could be lines of 7,000 trucks at the English Channel and two-day waits to get into France immediately after the U.K. makes its economic break from the European Union

Stocks fall on Wall Street as September churn…

U.S. stock indexes are falling in afternoon trading Wednesday, as Wall Street’s tumultuous month continues to churn

AdChoices Icon

Mars drops Uncle Ben's, reveals new name for rice…

The Uncle Ben’s rice brand is changing its name to Ben's Original

US firm pleads guilty to paying bribes in Brazil, Venezuela

An American company has pleaded guilty to federal charges that it paid bribes to officials in Brazil, Ecuador and Venezuela to get lucrative contracts, and will pay $16.6 million in fines

Nike shakes off pandemic blues with surging…

Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel

AdChoices Icon

Something unusual is missing among Nielsen's top programs

Something was missing in last week's list of the 20 most-watched television programs in prime time, something that would have once seemed inconceivable

Congress seeks to block goods from China over…

A bipartisan bill aimed at keeping goods out of the U.S. that are made with the forced labor of detained ethnic minorities in China passed overwhelmingly Tuesday in the House of Representatives

Facebook: Fake pages from China tried to disrupt…

Facebook says it has removed a small network of fake accounts and pages that originated in China and focused on disrupting political activity in the U.S. and several other countries

From LA to Oslo, 12 cities pledge to divest from…

Ten cities around the world have joined New York and London in committing to divest from fossil fuels companies as part of efforts to combat climate change

Powell and Mnuchin voice optimism but back more…

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed

Tesla CEO Elon Musk's next big bet rides on…

Tesla is working on new battery technology that CEO Elon Musk says that will enable the company within the next three years to make sleeker, more affordable cars that can travel dramatically longer distances on a single charge

US homes sales rise 2.4% in August

Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market continues to recover from a huge spring decline caused by the coronavirus outbreak

TikTok says coordinated attack behind suicide…

TikTok says video of a man apparently taking his own life that circulated on its platform appears to have been spread deliberately by a group working together

House easily passes stopgap funding bill…

Democrats and Republicans in a bitterly divided U.S. House have voted to take a government shutdown off the table this fall, giving a big, bipartisan vote to a temporary government-wide funding bill Tuesday night

AdChoices Icon

AP-NORC poll: Views of economy stabilize as…

A new poll finds that most Americans view the nation’s economic situation as bleak