Business News

What exactly do we mean by smart city?

Roughly 10 years ago a publicist arranged for a Chinese entrepreneur to come to the New York offices of the business magazine where I worked at the time. Expecting the standard PR routine I was hardly prepared for the ch...

Chinese internet giant Alibaba has officially filed for an initial public offering. The $1 billion fundraising target that Alibaba gives is just a placeholder and it will likely be raising much more, according to New Yor...

Coca-Cola and PepsiCo said Monday they're working to remove a controversial ingredient from all their drinks, including Mountain Dew, Fanta and Powerade.The ingredient, called brominated vegetable oil, had been the targe...

A judge met with lawyers who have filed lawsuits contending that gold prices are manipulated.

Newcastle University academics argue 'fragmented' energy sector needs a strategic authority to ensure energy security

A think-tank upgrades the UK's growth forecast but says steps should be considered to ensure "balanced" house price rises.

The top executives of Berkshire Hathaway believe in trusting their employees.

For the unfamiliar, Cristiano Ronaldo will probably be the one rampaging through the U.S. defense when Portugal plays the U.S. at this summer's World Cup. The Real Madrid forward is the best player in the world right now...

Tongues whose closest contact with China might only be tofu in a Chinatown restaurant in the U.S. or Europe are aflutter this week about the Chinese IPO that may be the world’s largest ever: e-commerce giant Alibaba Gr...

John Anderson in Houston and Michael Camacho in London to replace Blythe Masters.

(Reuters) - Credit Suisse Group AG (VTX:CSGN) is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person f...

Among the companies whose shares are expected to see active trade in Tuesday's session are Walt Disney, Groupon, and Athenahealth.

On his campaign website, Republican Illinois gubernatorial candidate and billionaire R8 Capital Partners founder Bruce Rauner describes himself as "a self-made businessman who had no inheritance or family wealth" and "ha...

Let’s start with a little dose of reality: There are areas of the tax law so complex, so convoluted, that try as you might, you will never attain a mastery of the material.

Astronomical prices for breakthrough new cancer drugs are pushing up treatment costs for patients as well as insurers, making it tougher for patients to complete lengthy therapy at a time when it's increasingly effective...

Gregg Steinhafel has decided to step down less than five months after hackers gained access to as many as 70 million accounts.Target's massive data breach claimed its highest-profile victim yet — Chief Executive Gregg ...

The simple concept that people own their personal information seems lost in a U.S. report that calls for greater protection of people's personal information.Your personal information is yours.

The Met Gala — also known as The Met Ball, Fashion Prom, or this year, Cinco de Met Ball — is underway at the Metropolitan Museum of Art. The annual fundraiser benefits the Met's Costume Institute and serves as ...

The bankrupt city of Detroit can begin to send out ballots on its debt-cutting plan to more than 100,000 creditors after a judge ruled in favor of the city.

Last year, the Chinese e-commerce business that is part-owned by Yahoo handled $248 billion in transactions, more than Amazon and eBay combined. The company's IPO could be the largest in tech history

This morning, the White House released a massive report on the effects of climate change. In sum: The problem is already bad, it is going to get worse, and we need to address it quickly. The science of greenhouse gas emi...