Business

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FTC probing allegations of Amazon's deceptive discounting

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.The FTC is probing a complaint brought by the advocacy …

21st Century

US stocks dip with energy prices; European stocks sink

AP Radio AP Radio News:NEW YORK (AP) -- U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10-day rally for technology companies came to an end. But Wall Street mostly avoided the sharp losses that hit European stocks.The price of U.S. crude oil fell 2.5 percent …

Markets

GE Soothes Investor Cash Concerns in Immelt's Final Days as CEO - Bloomberg

Even in his final days as General Electric Co.’s CEO, Jeffrey Immelt can’t escape the stench of oil.GE’s profit is likely to barely meet the …

Markets

U.S. orders Wells Fargo to reinstate whistle-blower and pay $577,500 in compensation

The U.S. Labor Department has ordered Wells Fargo & Co. to reinstate another former employee who alleged she was fired after reporting part of the widespread fraud that engulfed the bank in a major scandal.The whistle-blower, a former branch manager in Pomona, will be reinstated and paid $577,500 …

Fraud

Bank of America Chooses Dublin as Post-‘Brexit’ European Hub

LONDON — Bank of America said on Friday that it had chosen Dublin as its future European Union hub, the latest major financial services firm to outline its plans to deal with Britain’s departure from the 28-nation bloc.Many banks and financial firms have concentrated their European operations in …

Brexit

Lyft wants more leverage in the self-driving ecosystem so it’s building its own tech

The company will be offering automakers a hardware and software suite that enables self-driving.It’s early days for the self-driving industry and yet the network of alliances among companies in the space is already incredibly complex. Now, it’s only going to get more complicated as Lyft begins to …

Innovation

China opens rice market for US exports for first time ever

The world’s largest rice market is about to open up for American farmers.After years of negotiations, China has agreed to open its domestic market for U.S. rice exports for the first time ever, acknowledging its need for foreign shipments to meet the growing demands of its vast middle class.“This …

China

Cramer: The perfect hedge for when the market hits dangerous highs

Jim Cramer explains important role cash plays in a portfolio, and how he outperformed the market as a money manager.

Jim Cramer

Key difference between trading & investing

Jim Cramer reveals his No. 1 rule to buying a stock, and the different tactics that go into investing and trading.

Jim Cramer

Cramer's rules to bail out when the market finally corrects itself — and it will

Jim Cramer shares his experience of getting burned and the importance of discipline.

Jim Cramer

Ford and Mazda Hope to Be Removed From Latest Airbag Recall

Ford Motor and Mazda plan to ask federal safety regulators to exclude their vehicles from the latest expansion of the sweeping recall of airbag inflaters made by Takata, a Japanese supplier that sought bankruptcy protection in June.Earlier this month, Takata added 2.7 million vehicles to a recall …

SUVs

Federal Court Will Decide--in Secret--Whether to Unmask Anonymous Glassdoor Reviewers

Glassdoor goes to federal court to protect its reviewers' identities.Have you ever posted an anonymous review on a website? If you did, you probably expected your true identity would remain secret to everyone except perhaps the website's administrators, and they would keep that information safely …

Black Power

Kushner and Ivanka Trump detail big tech stake, art and up to $762 million in assets

Jared Kushner and Ivanka Trump filed disclosure documents on Friday that reveal new information about their extensive business holdings and investments that could be worth more than $762 million.Kushner's document updates one released four months ago and includes some previously undisclosed …

Donald Trump

Gender discrimination controversy grows at fabled Salk Institute

Accusations of gender discrimination are growing at the Salk Institute, where a third female professor has sued the La Jolla science center for …

San Diego

Glencore agrees £16m investment in Brazilian copper producer Paranapanema

Glencore has agreed to invest up to 66m reais (£16.16m) in Brazilian copper producer Paranapanema, taking a 5pc stake the group, after earlier this year voicing expectations copper prices looked likely to rise.The Switzerland-based mining group said the funds will support Paranapanema's capital and …

Markets

Delta Air Lines tries letting passengers use fingerprints as boarding passes

Where’s your boarding pass? Forget it. Delta Air Lines is letting some passengers board planes with just their fingerprints.Delta announced this week that travelers who are members of its SkyMiles loyalty program and enrolled in Clear, a third-party biometric screening program, can choose to use …

Airlines

FDA forces recall of coffee laced with ‘Viagra-like’ ingredient

It’s estimated that as much as 83% of adults in the United States drink coffee. The murky liquid offers a boost of energy that many of us simply …

Coffee

U.S. fines American, Delta, Frontier for consumer rule violations

WASHINGTON (Reuters) - Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday.Frontier Airlines was fined $400,000 for violating oversales and disability rules, American …

Airlines

IBM Generates Much Less Free Cash Flow Than Investors Are Led To Believe

Investors are very focused on IBM’s ability to generate cash flow since it has seen lower year over year revenue growth for the past 21 quarters (18 when adjusted for currency). With a market cap of $138 billion and free cash flow guidance of about $11.6 billion, equal to 2016’s, it is trading at a …

Stocks

Hard Questions for a Company at the Center of the Opioid Crisis

The immense pay packages bestowed on corporate chieftains are often said to reflect feats of management that enrich company shareholders. An executive’s masterly performance justifies the compensation, in other words.But what about managers who take home bounties amid leadership failures that harm …

Governance

India to quiz Philip Morris on marketing of Marlboro

NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.Philip Morris …

India

London blaze makes US building owners mindful of fire threat

ATLANTA (AP) — U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday.An Associated Press review found that the manufacturer of …

United States

JetBlue considers new JFK terminal

JetBlue Airways might build a new terminal at New York City's much malignedJohn F. Kennedy airport.The New-York based airline said a new terminal could boost capacity, improve flyers' experience and let it partner with additional airlines.The process is still in the very early stages, with JetBlue …

Airlines

Brexit woe: London’s still calling U.S. bankers even as they prepare to flee

Nord Anglia International School Dublin is not even scheduled to open until September 2018, but its slots are already going fast thanks to some of the wealthiest foreigners in the region: American bankers.Three U.S. banks operating in London have contacted the school in Ireland about the prospect …

Brexit

Why Microsoft stock is at an all-time, 31-year high

It’s still here.Microsoft’s share price set an all-time record high yesterday, $74.30. This morning, it’s down a bit, in the $73-$74 range. But yesterday, after Microsoft reported strong fourth-quarter results, it passed $77 in after-hours trading.This is significant because Microsoft has been a …

Microsoft

Christie urges Trump, Congress not to ban internet gambling

ATLANTIC CITY, N.J. (AP) — New Jersey Gov. Chris Christie, a close political ally of President Donald Trump, is urging him and Congress not to ban internet gambling in the United States.Christie, a fellow Republican, signed a bill Friday calling on Trump, a former Atlantic City casino owner, and …

Atlantic City

Sterling to fall 15 percent on slowing UK growth, BoE inaction: Voya

NEW YORK (Reuters) - Sterling is set to plummet by double-digits by the end of the year on slowing UK economic growth and the likelihood the Bank of England will hold off raising interest rates, said Guy Petcho of Voya Investment Management.Petcho, global macro portfolio manager for the $213 …

Bank of England

Betterment is now worth $800 million

Roboadvising is a multi-million dollar business.Betterment, the largest independent roboadvisor on the market, is now valued at $800 million after raising another $70 million in funding. The nearly decade-old roboadvisor brought on the $70 million as an extension of a Series E funding round from …

Startups

Audi to update 850,000 cars as diesel recalls widen

BERLIN (AP) — German automaker Audi says it will fit up to 850,000 diesel cars with new software to improve their emissions performance, following a similar move by rival Daimler as the auto industry tries to get ahead of public controversy over the technology.Audi, the luxury brand of the …

Autos

Judge OKs $11.2M settlement for hacked Ashley Madison users

ST. LOUIS (AP) — A federal judge on Friday approved an $11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities.U.S. District Judge John Ross in …

Security

Lyft accelerates efforts to build self-driving car with new unit

Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest U.S. ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race.The executives said on Thursday the company would soon open a facility in Palo …

Transportation

Here's How Helsinki Gets 10% Of All The Startup Exits In The World

Finland is home to more than 5.4 million people spread over across +338,424 kilometres (Finland is the sparsest populated country in the EU), and yet it boasts over 10% of the world’s startup exits. Finland’s scarcity of resources and changes in the telecom infrastructure has led to a serious body …

Startups

Turkish president accuses Germany of scaring off investors

ANKARA, Turkey (AP) — Turkey's president accused Germany of trying to scare off investors from his country after Berlin toughened its stance toward Ankara following the arrest of human rights activists including a German national.A day after the German government told German citizens traveling to …

Turkey

Employers stepped up hiring in 14 US states last month

WASHINGTON (AP) — Hiring rose last month in 14 U.S. states, and the unemployment rate fell to record lows in two states.The Labor Department says that unemployment rates fell in 10 states and rose in only 2. Rates were stable in the other 38 states.The figures suggest that June's healthy job gains …

North Dakota

Private equity bid for Paysafe stokes payments M&A boom

(Reuters) - Private equity firms Blackstone and CVC Capital Partners [CVC.UL] joined a rush to snap up payments companies on Friday with a 2.9 billion pound ($3.7 billion) bid for Paysafe Group.Britain's Paysafe, which offers pre-paid cashcards and online wallets, said separately it was also …

Venture Capital

Did Volkswagen Kill the Diesel Market? Or Was It Already Dead?

After Volkswagen was caught cheating on diesel emissions, consumers have become more skeptical about diesel vehicles. Now, manufacturers across the globe are forced to rethink their plans for the high-mileage technology.Facing accusations that it also duped emissions tests, Daimler AG this week …

Autos

2017 may see record low output of French wines after frost

PARIS (Reuters) - French wine production may fall 17 percent this year to a record low after spring frosts damaged vineyards, notably in the Bordeaux region, which might lose half its output, the farm ministry said on Friday.In its first estimates of this year's output, the ministry estimated this …

Wine