Business News

2nd company shuts oil, gas wells after fatal…

A second petroleum company says it's shutting down and inspecting wells after a deadly house explosion near a gas well in Colorado

FDA approves 1st targeted drug for certain…

U.S. regulators have approved the first targeted drug for certain patients with an aggressive form of leukemia

West Coast dockworkers to vote on labor-peace deal

West Coast seaports where work stoppages have affected billions of dollars in cargo could get long-term labor peace if dockworkers approve a new contract extension

Appeals court upholds decision to block Anthem…

A federal appeals court has left in place a decision blocking Anthem Inc.'s bid to buy rival health insurer Cigna Corp.

Experts: Long road ahead for Trump offshore…

Experts: Donald Trump's executive order directing his agencies to find new ocean expanses in the Atlantic and the Arctic for offshore drilling is unlikely to reach its goals anytime soon

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Alphabet paid Google CEO Sundar Pichai $200M in 2016

Google CEO Sundar Pichai received $200 million compensation package for running the internet company that makes nearly all the money for Alphabet

Time board: company not for sale; stock plunges

Time's stock plunges after the publisher's board says it's not considering a sale of the company

Congress settles for stopgap to avoid government…

Congress puts off spending wrangle for another week, passes stopgap bill to avoid midnight shutdown

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US stocks close modestly lower, but end higher…

U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street.

Court agrees to hold off ruling on carbon…

Obama-era clean air rules are under threat after a federal appeals court Friday went along with request to delay ruling on a legal challenge to carbon emission limits

Warren, Sanders unhappy by Wall Street-paid Obama…

U.S. Sen. Elizabeth Warren and Sen. Bernie Sanders are not happy by reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by Wall Street firm Cantor Fitzgerald

US economy expanded at weakest pace in 3 years

US economy grew just 0.7 percent in the first quarter amid consumer spending slowdown

Apple ceases iPhone payments to Qualcomm…

Qualcomm slashes its profit expectations after saying that Apple is now refusing to pay royalties on technology used in the iPhone

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Alex Acosta sworn in as US labor secretary

A former federal prosecutor and civil rights chief at the Justice Department, Alex Acosta, has been confirmed as President Donald Trump's labor secretary