Business News

John Phillips/Getty Images for The Business of Fashion
March 13, 2019 - 12:59 pm
(NEW YORK) -- “Our ambition is far bigger than the bottom line.” That’s how makeup artist, CEO and entrepreneur Huda Kattan responded when she was asked about her company’s road to billionaire status. “That’s really the reason we’ve been successful and will have longevity as a brand," Kattan said...
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franckreporter/iStock
March 13, 2019 - 7:53 am
(NEW YORK) -- Investing can certainly be a daunting experience. Whether you are saving for a home, for your retirement, or just want to grow your hard-earned money, it's tough to know where to start. Well, there's something fairly new that investors are calling "spare change" or "fractional"...
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darios44/iStock
March 13, 2019 - 5:42 am
(NEW YORK) -- Ole Smoky Moonshine, a Tennessee distillery locked in a legal battle with PepsiCo over use of the term "Mountain Dew," filed a motion on Monday to allow any company to use the phrase for alcoholic beverages. The distillery has been in a legal battle with one of the world's largest...
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Roger Utting Photography/iStock
March 13, 2019 - 5:40 am
(NEW YORK) -- Claire's has announced a voluntary recall of three cosmetic products after the U.S. Food and Drug Administration warned consumers that they may contain asbestos, a known carcinogen, even though Claire's has disputed the FDA test results. The voluntary recall comes approximately a week...
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Foreign investigators examine wreckage at the scene where the Ethiopian Airlines Boeing 737 Max 8 crashed shortly after takeoff on Sunday killing all 157 on board, near Bishoftu, or Debre Zeit, south of Addis Ababa, in Ethiopia Tuesday, March 12, 2019. Ethiopian Airlines had issued no new updates on the crash as of late afternoon Tuesday as families around the world waited for answers, while a global team of investigators began picking through the rural crash site. (AP Photo/Mulugeta Ayene)
March 12, 2019 - 11:42 pm
HEJERE, Ethiopia (AP) — Much of the world, including the entire European Union, grounded the Boeing jetliner involved in the Ethiopian Airlines crash or banned it from their airspace, leaving the United States as one of the few remaining operators of the plane involved in two deadly accidents in...
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aapsky/iStock
March 12, 2019 - 4:46 pm
(WASHINGTON) -- As more countries and airlines around the world grounded the Boeing 737 MAX 8 or banned the plane from their airspace Tuesday, pressure was growing on the Federal Aviation Administration to take similar action in the United States. Adding to that pressure was uncertainty over how...
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Joshua Lott/Getty Images
March 12, 2019 - 6:24 am
(WASHINGTON) -- Attorneys for Tesla CEO Elon Musk said the Securities and Exchange Commission was broadly overreaching when it sought to hold him in contempt of court over a tweet he posted last month. In documents filed Monday, the attorneys said Musk's Feb. 19 tweet was a restatement of prior...
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Chip Somodevilla/Getty Images
March 12, 2019 - 5:32 am
(NEW YORK) -- Michael Cohen told Congress that Donald Trump inflated his assets to improve his odds of buying the National Football League's Buffalo Bills, a gambit that eventually failed. Late Monday night, the office of New York Attorney General Letitia James subpoenaed Deutsche Bank and...
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Justin Sullivan/Getty Images
March 12, 2019 - 5:10 am
(WASHINGTON) -- The top Democrat on a House subcommittee, tasked with oversight of antitrust law, said he's concerned with a broad range of implications tied to the multi-billion-dollar merger deal between T-Mobile and Sprint. "I'm particularly concerned about the impact on consumers, on the price...
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In this Dec. 15, 2018, photo released by Xinhua News Agency, invited guests take photos of the Boeing 737 Max 8 airplane deliver to Air China during a ceremony at Boeing Zhoushan 737 Completion and Delivery Center in Zhoushan, east China's Zhejiang Province. China's civilian aviation authority has ordered all Chinese airlines to ground their Boeing 737 Max 8 planes on Monday, March 11, 2019 after one of the aircraft crashed in Ethiopia. The authority said the one-day action was made out of safety concerns because the crash was similar to one in Indonesia last year. (Xu Yu/Xinhua via AP)
March 11, 2019 - 9:07 pm
HOUSTON (AP) — The second deadly crash of a prized new airplane in five months has renewed safety concerns about the 737 Max that could shape Boeing's fortunes for many years. The 737 Max is the newest version of the 737, the best-selling airliner ever. Since debuting in 2017, Boeing has delivered...
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