Business News

The Hustle Rundown: NYC Cabbies Suffer; Goop For…

The Hustle's Wes Schlagenhauf breaks down some of the biggest business news of the week. Here he explains why NYC taxi cab drivers are struggling.

Real estate title firm's lapse exposes data in 885M files

First American Financial's privacy lapse exposes bank account numbers, other personal info contained in 885 million real estate title files

Marijuana businesses urge judge to review Nevada…

An attorney for Nevada argues a judge shouldn't tip the scales as dozens of businesses that lost bids to open marijuana dispensaries push to freeze new licenses in Nevada's booming cannabis market

United Airlines extends cancellation of Boeing…

United Airlines is extending the cancellation of flights using the Boeing 737 Max by another month, into early August

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The Latest: PM May resigns, won't lead Britain…

Theresa May has ended her failed three-year quest to lead Britain out of the European Union, announcing that she will step down as Conservative Party leader June 7 and triggering a contest to choose a new prime minister who will try to complete Brexit

Michigan Legislature approves bill to cut high…

Michigan's Legislature passes a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries

GOP conservative temporarily blocks $19B disaster…

A House GOP conservative has blocked a long-overdue $19 billion disaster aid bill, complaining it leaves out money needed to address the migrant crisis at the border

Business Highlights

Business Highlights

How major US stock indexes fared Friday

Stocks closed higher on Wall Street Friday after modest gains erased some of the market's steep losses from a day earlier

US stocks rebound, but S&P 500 ends with 3rd…

Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier

Volkswagen names new chief executive at Tennessee plant

German auto maker Volkswagen has named a new chief executive at its factory in Chattanooga, Tennessee

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HP, Hibbett rise; Foot Locker, Autodesk fall

HP, Hibbett rise; Foot Locker, Autodesk fall

Female CEOs are competitively paid, but greatly outnumbered

Female CEOs remain scarce but pay is competitive at the top

Markets Right Now: Stocks rebound, led by banks

Stocks are closing higher on Wall Street Friday, led by gains in banks, as the market rebounds from steep losses from a day earlier

Climate change is hot topic in the European Parliament vote

Concerns about climate change have prompted mass protests across Europe for the past year, turning the issue into a key topic ahead of the European Parliament elections taking place through Sunday

Pennsylvania accuses financial firms of bond…

Pennsylvania's treasury department is accusing about a dozen large financial firms of inflating the price of bonds issued by Fannie Mae and Freddie Mac over seven years

Botswana hires Hollywood firm to fight elephant…

The Botswanan government has enlisted a public relations firm with deep ties to Hollywood to push back against the bad publicity generated by the southern African nation's decision to lift its ban on elephant hunting

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May's relationship with EU was often rocky

British Prime Minister Theresa May had a sometimes rocky relationship with European leaders during Brexit negotiations

CEO Pay: When investors say "nay" on spiraling packages

Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "say on pay" became a mandatory exercise at annual meetings