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  • Uber completes sale of $9.3 billion in stock to SoftBank-led group

    Uber completes sale of $9.3 billion in stock to SoftBank-led group

    Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion of stock at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest...

  • Taxpayers may pay for secret Zuma satellite lost after SpaceX launch

    Taxpayers may pay for secret Zuma satellite lost after SpaceX launch

    U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission dubbed Zuma. Questions remain around the event, which appeared to be unsuccessful...

  • Hackers have stolen about 14% of big digital currencies

    Hackers have stolen about 14% of big digital currencies

    Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of bitcoin and rival currency ether, according to Lex...

  • Amazon has a plan to become profitable. It's called advertising

    Amazon has a plan to become profitable. It's called advertising

    For more than two decades, Amazon.com Inc. chief Jeff Bezos has famously sacrificed profit for growth, convincing Wall Street that his company’s interests were best served by pouring money into the logistical nuts and bolts that have turned Amazon into the Wal-Mart of the web. More recently, investors...

  • Apple says it will bring much of its overseas cash home under new, corporate-friendly tax law

    Apple says it will bring much of its overseas cash home under new, corporate-friendly tax law

    Apple revealed a plan Wednesday that would make it the first major company to repatriate money from overseas as a result of the new corporate-friendly tax law passed last month. The tech giant said it will make approximately $38 billion in tax payments — a figure that suggests the company is moving...

  • GE chief thinks about breaking up the company after $6.2-billion setback

    GE chief thinks about breaking up the company after $6.2-billion setback

    General Electric Co.’s new boss said he’s weighing potentially dramatic changes, including a breakup of the company into separate businesses, after the iconic manufacturer said it would take a major charge related to a legacy insurance operation. “We are looking aggressively at the best structure...

  • Consumer watchdog agency considers repealing payday lending rules

    Consumer watchdog agency considers repealing payday lending rules

    The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders. The bureau, which came under control of the Trump administration late last year, said in a statement Tuesday that it plans...

  • CVS Pharmacy promises to end touchups of its beauty images

    CVS Pharmacy promises to end touchups of its beauty images

    Pharmacy giant CVS said it will stop significant touchups of images used in its advertising for beauty products. The company said it has a responsibility to think about sending messages of unrealistic body images to girls and young women. CVS Health Corp. said Monday it will not “materially” alter...

  • 910-carat diamond discovered in southern Africa is among biggest in history

    910-carat diamond discovered in southern Africa is among biggest in history

    One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa. Gem Diamonds Ltd. found the 910-carat stone, about the size of two golf balls, at its Letseng mine. It’s a D color Type IIa diamond, which means it has very few or no nitrogen atoms...

  • Stocks keep jumping, led by retailers

    Stocks keep jumping, led by retailers

    Rising retailers pushed U.S. stock indexes further into record territory Friday, as the market's fabulous start to 2018 carried through its second week. Interest rates also climbed after a report showed that a key component of inflation accelerated last month. But stocks absorbed the gains without...

  • Once-soaring Mexican discount airline Interjet is now in a stall

    Once-soaring Mexican discount airline Interjet is now in a stall

    In cavernous jet hangars in and around Mexico City, Interjet has a secret. Four of the Mexican airline’s Sukhoi Superjet 100s — out of a fleet of 22 — have been grounded for at least five months because of engine maintenance delays. The Russian-made aircraft, which average just 4 years old, are...

  • FAA gives Alaska Airlines certificate to complete consolidation with Virgin America

    FAA gives Alaska Airlines certificate to complete consolidation with Virgin America

    The slow disappearing act of Virgin America has completed a crucial step: the Federal Aviation Administration has issued a license that allows Virgin America and Alaska Airlines to operate as one. The “single operating certificate,” issued Thursday, sets the stage for Alaska Air Group to finish...

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  • Make holiday shopping for your clients easy this year

    Make holiday shopping for your clients easy this year

    The holidays are known as the most wonderful time of the year, but they're also a great opportunity for reflection, particularly in a business setting. This is the time of year when you can look back on the last 12 months and appreciate everyone who helped make the year a success for your business....

  • Small businesses have struggled to find funding: Not anymore

    Small businesses have struggled to find funding: Not anymore

    In business, dreams are easy. Finding the money to make them happen, however, can be difficult. Even established, successful businesses can get turned away for loans at banks. This was the case for Sole Bicycles, a popular maker of stylish, high-performance bikes based in Venice Beach, California....

  • 5 big changes for today's small businesses

    5 big changes for today's small businesses

    A generation ago, the notion of a small business owner meant something very different. You pictured a person who owned their own storefront, often named after themselves, and every day they were the first to arrive and the last to leave. They worked tirelessly for their customers, and their reward...

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