Business News

Oilfield service provider Schlumberger reports heavy losses and 10,000 job cuts amid the ongoing slump in the price of crude.

Recovery in oil price also helps soothe nervous markets

Suzanne Plunkett/Reuters BP's chief executive Bob Dudley has warned that the current crisis in oil prices is as bad as the one the market experienced in 1985 and 1986, when crude prices capped a six-year-long struggle by...

The glittering event takes place Saturday at WestWorld in Scottsdale.          

REUTERS/Mike Blake In 2014, Google paid Apple $1 billion just to keep its search engine as the default on the iPhone, Bloomberg reports. That number comes from the ongoing Google/Oracle legal battle, in which several acc...

Three more airlines - United, Southwest and Alaska - report profits and profit-sharing with workers          

A trial that was supposed to help settle hundreds of lawsuits stemming from General Motors' faulty ignition switches was headed for a premature dismissal Friday, a day after the judge raised questions about the truthfuln...

Jamie Dimon's compensation might be Wall Street's biggest growth area. The JPMorgan Chase CEO got a 35 percent raise -- to a whopping $27 million -- for his work last year after the company brought in record earnings. Mo...

Walmart broke the law when it fired 16 workers who went on strike in 2013, a judge ruled on Thursday. The judge ordered Walmart to offer the workers their jobs back within two weeks and make them whole for any lost wages...

Staying up too late might cost you more than you think.

Why do people reliably stock up on the same things before they get snowed in?

European Union inspectors met Friday with Thailand's government to discuss what the Southeast Asian nation has done to overhaul its fishing industry and avoid an EU ban on imports of Thai seafood. …

Global stocks bounced back strongly Friday, buoyed by sharply higher oil prices and the prospect of more monetary stimulus from the European Central Bank. Japan led the rebound as the Nikkei index had its best single day...

Naoise Culhane / SPORTSFILE via Getty Images Twitter COO Adam Bain says companies that are focused on inclusion perform better. He shared his thoughts in HeForShe's first gender parity report, published on Friday to coin...

Dov Charney, the ousted chief executive of American Apparel, finally got his day in court Thursday after waiting for more than a year. Charney took the stand in a Delaware bankruptcy court and asked a judge to return the...

Once the top woman on Wall Street, now Blythe Masters is moving in on tech. Digital Asset Holdings, the financial tech company led by Masters, announced Thursday it raised more than $50 million from 13 financial companie...

The Chauvet-Pont D'Arc cave located in southern France may be the location of the world's oldest depiction of a volcanic eruption.

A number of emerging markets are taking a risky approach to dealing with growing pressure on their currencies: They're trying to ban it.

Shandong International Trust, one of China's 68 trust companies--whose operations and assets have been largely a black box for outsiders--is planning an IPO of up to $500 million in Hong Kong.

J.P. Morgan Chase launched a new effort to encourage its investment bankers to take their weekends off--as long as there isn't a live deal in the works.

REUTERS/Yves Herman More Americans are seeing their 100th birthdays and the rate is steadily climbing in the 21st century, according to a CBS report out today. The report suggests we might want to pay a little more atten...

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