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Business News

Thursday, Nov 9, 2017 at 01:51 PM PST

ESPN Will Lay Off More Than 100 Staffers After Thanksgiving

ESPN Will Lay Off More Than 100 Staffers After Thanksgiving

Another round of layoffs is hitting ESPN, CNBC has learned. ESPN plans to layoff more than 100 staffers after the Thanksgiving holidays, with SportsCenter in particular expected to lose jobs, a source close to...

Thursday, Nov 9, 2017 at 12:07 PM PST

CEO of Yogurt Giant Chobani Expands in Idaho Despite Turmoil

CEO of Yogurt Giant Chobani Expands in Idaho Despite Turmoil

The founder and CEO of Chobani has no regrets about moving his Greek yogurt company to south-central Idaho, a region embroiled in the national debate over refugee resettlement that spread to company boycotts by...

Thursday, Nov 9, 2017 at 09:27 AM PST

US and Them: America, the Elephant in Room at Climate Talks

US and Them: America, the Elephant in Room at Climate Talks

How's this for awkward? The United States has a delegation at international climate talks in Bonn that will be telling other nations what they should do on an agreement that the president wants no part...

Thursday, Nov 9, 2017 at 09:18 AM PST

Nearly All Student Loan Fraud Claims Involve For-Profits

Nearly All Student Loan Fraud Claims Involve For-Profits

Students who attended for-profit colleges filed more than 98 percent of the requests for student loan forgiveness alleging fraud by their schools, according to an analysis of Education Department data published...

Wednesday, Nov 8, 2017 at 04:17 PM PST

Chinese Gas Deal Raises Ethics Issues for Ross

Chinese Gas Deal Raises Ethics Issues for Ross

On Sunday, the public learned that Commerce Secretary Wilbur Ross never fully divested himself of ownership in a global shipping company — one with ties to Russia’s rulers — when he joined President Donald...

Wednesday, Nov 8, 2017 at 02:32 PM PST

Former Trump Adviser Icahn Subpoenaed

Former Trump Adviser Icahn Subpoenaed

Federal prosecutors want to know more about efforts billionaire investor Carl Icahn may have made while he was an adviser to President Donald Trump to change the renewable fuel credits system that was costing...

Wednesday, Nov 8, 2017 at 06:53 AM PST

Trump to Push China on Trade, N. Korea During 2-Day Visit

Trump to Push China on Trade, N. Korea During 2-Day Visit

Welcomed to China with an outsized dose of pomp and pageantry, President Donald Trump pronounced himself wowed by Beijing's lavish greeting Wednesday at the start of a two-day visit in which he aims to employ...

Tuesday, Nov 7, 2017 at 04:51 PM PST

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Forbes reported Tuesday that Commerce Secretary Wilbur Ross exaggerated his net worth to the magazine by $2 billion. The publication cited years of internal reporting notes and conversations with Ross, an...

Tuesday, Nov 7, 2017 at 02:08 PM PST

What Are the 'Paradise Papers'?

What Are the 'Paradise Papers'?

A trove of leaked documents known as the "Paradise Papers" have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency. The papers...

Tuesday, Nov 7, 2017 at 05:32 AM PST

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

A former foreign policy adviser to President Donald Trump's campaign has acknowledged in testimony to Congress that he had contact with a high-level Russian official while on a trip to Russia last year,...

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