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Business News

Tuesday, Dec 26, 2017 at 12:22 PM PST

US Industries Can Start Counting Their Benefits From Tax Law

US Industries Can Start Counting Their Benefits From Tax Law

Craft breweries are raising a glass to the Republicans' new tax overhaul: It cuts the excise tax on beer. Retailers, long saddled with heavy tax bills, will get relief. So will some high-profile names in...

Friday, Dec 22, 2017 at 08:10 PM PST

Suit: iPhones Apple Slowed Forced Owners to Buy New Phones

Suit: iPhones Apple Slowed Forced Owners to Buy New Phones

IPhone owners from several states sued Apple Inc. for not disclosing sooner that it issued software updates deliberately slowing older-model phones so aging batteries lasted longer, saying Apple's silence led...

Thursday, Dec 21, 2017 at 03:59 PM PST

Judge Tosses Lawsuit Against Trump Over Business Ties

Judge Tosses Lawsuit Against Trump Over Business Ties

Restaurant workers, a hotel event booker and a watchdog group who say President Donald Trump has business conflicts that violate the Constitution cannot sue him, a New York judge ruled Thursday. U.S. District...

Thursday, Dec 21, 2017 at 02:57 PM PST

Former Google CEO Schmidt to Step Down From Role at Alphabet

Former Google CEO Schmidt to Step Down From Role at Alphabet

Eric Schmidt says he’ll be stepping down as the executive chairman of Alphabet's board of directors and transitioning to a technical advisor, the company announced Thursday. He will continue to serve on the...

Thursday, Dec 21, 2017 at 01:19 PM PST

Long Island Iced Tea Company Renamed 'Long Blockchain'

Long Island Iced Tea Company Renamed 'Long Blockchain'

Long Island Iced Tea Corp. is changing its name to Long Blockchain Corp., as it wants to focus more on blockchain technology. Blockchain is a ledger sheet where cryptocurrency transactions are recorded. The...

Thursday, Dec 21, 2017 at 12:14 PM PST

FCC Proposes $13.4M Fine for TV-Station Owner Sinclair

FCC Proposes $13.4M Fine for TV-Station Owner Sinclair

The Federal Communications Commission has proposed a $13.4 million fine on TV-station owner Sinclair for not identifying paid programming as advertising. Sinclair Broadcast Group Inc. is one of the country's...

Thursday, Dec 21, 2017 at 09:46 AM PST

Accountants Are Suddenly Very Popular, If a Little Confused

Accountants Are Suddenly Very Popular, If a Little Confused

Don't feel bad if you don't understand how the new tax bill will affect you. Chances are, your accountant doesn't yet either. From New York to Kentucky to Florida, accountants and tax lawyers are scanning...

Wednesday, Dec 20, 2017 at 04:16 PM PST

Major US Companies Say Workers Will See Some of Tax Windfall

Major US Companies Say Workers Will See Some of Tax Windfall

Hours after landing a massive tax windfall, AT&T, Comcast, Wells Fargo and Boeing — among other major companies — announced plans Wednesday to share a fraction of their bounty with workers. The moves pleased...

Monday, Dec 18, 2017 at 06:14 PM PST

Twitter Suspends White Nationalists Under New Rules

Twitter Suspends White Nationalists Under New Rules

Twitter suspended the accounts of well-known white nationalists Monday, moving swiftly to enforce its new rules aimed at reducing what it deems abusive content. The account of far-right group Britain First,...

Friday, Dec 15, 2017 at 11:06 PM PST

Inflammatory Letter Sheds Light on Uber's Alleged Misconduct

Inflammatory Letter Sheds Light on Uber's Alleged Misconduct

A former Uber security specialist accused the company of dispatching a team of spies to steal its rivals' trade secrets and using shady tactics to thwart its competition in the ride-hailing market, according an...

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