More Top Stories in Business

Schultz: I'm 'emotionally prepared' to step down

The last time Howard Schultz let go of the reins at Starbucks, it didn't go so hot. Sixteen years later, Schultz is . But the visionary Starbucks leader insists this transfer of power is totally different. "I made mistakes many years ago. It was a different time in my life. I wasn't as emotionally ...

CNN Money · 2 hours ago

Will SoftBank Merge Sprint With T-Mobile Even If Trump Allows It?

SoftBank (9984.Japan/SFTBY) and its US telecom operator Sprint (S) are rallying big time as SoftBank positions itself nicely with US President-elect Donald Trump. SoftBank CEO Masayoshi Son told Trump that he would create 50,000 jobs in the U.S. through a $50 billion investment in U.S. startups and ...

Yahoo! Finance · 2 hours ago

Pfizer Fined $100M for Hiking Drug Price 2,600% in U.K.

LONDON — British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an epilepsy drug by as much as 2,600 percent. Pfizer and Flynn Pharma charged "excessive and unfair prices" for the drug used by ... · 3 hours ago

Oil Prices Rise on U.S. Crude Stock Decline, Weaker Dollar

SEOUL — Oil prices edged up on Thursday, supported by a weaker dollar ahead of next week's Federal Reserve meeting and by a drawdown in U.S. crude stocks. International Brent crude futures were trading up 18 cents, or 0.34 percent, at $53.18 a barrel at 0116 GMT. U.S. benchmark West Texas ...

New York Times · 1 hour ago

With McMahon, Trump team gets ready to rumble

President-elect Donald Trump said Wednesday he will nominate Linda McMahon — co-founder of the WWE pro wrestling empire — to be the leader of his Small Business Administration. "My America First agenda is going to bring back our jobs and roll back the burdensome regulations that are hurting ...

USA Today · 1 hour ago

Tata Steel Makes a Deal to Stay in Britain, Saving Up to 11,000 Jobs

Photo The Tata Steel plant at Port Talbot in South Wales. The unions have made significant concessions to the company. Credit Alex Atack for The New York Times LONDON — Tata Steel said on Wednesday that it had reached an agreement with trade unions to provide at least a temporary reprieve for the ...

New York Times · 2 hours ago

Dow, S&P 500 close at record highs

Fitbit has acquired software assets from struggling smartwatch start-up Pebble Technology. (Steve Marcus / Reuters/Reuters) MARKETS Dow, S&P hit record highs The Dow Jones industrial average and Standard & Poor’s 500 indexes soared to their biggest gains since the presidential election on ...

Washington Post · 4 hours ago

2 Russian oil giant in surprise $11bn deal

Glencore and Qatar buy $11.3bn stake in Russia's largest oil company 7 December 2016 From the section Business Image copyright The Kremlin has announced that commodities trader Glencore and Qatar's sovereign wealth fund are together buying a 19.5% stake in Rosneft, Russia's largest oil company. "It ...

BBC · 3 hours ago

Asia shares at one-month peak, bonds bet on ECB support

Pedestrians are reflected on a window as they walk past an investor looking at a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, December 5, 2016. REUTERS/Steven SaphoreMore By Wayne Cole SYDNEY (Reuters) - Asian shares hopped higher on Thursday after ...

Yahoo! Finance · 1 hour ago

Japan Third Quarter GDP Slashed as Capex, Inventories Shrink

TOKYO — Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories - renewing concerns about Japan's growth prospects. The Cabinet Office said on Thursday the economy grew at a 1.3 percent ...

New York Times · 1 hour ago