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Moody's cuts China credit rating over rising debt

The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing economy. The downgrade adds to warnings about China's reliance on credit to propel growth after...

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  • Stocks bounce back as technology and defense companies climb

    Stocks bounce back as technology and defense companies climb

    Strong gains for technology companies helped lead U.S. stocks higher Monday. Defense contractors also climbed as the market continued to bounce back from a bout of turbulence last week. Stocks rose for the third day in a row. Technology companies are closing in on all-time highs and continued to...

  • Ford ousts CEO as auto industry faces biggest transformation ever

    Ford ousts CEO as auto industry faces biggest transformation ever

    In the latest sign that driverless cars and other revolutionary new technologies are shaking automakers to their roots, the chief executive of Ford Motor Co. just got tossed. The replacement of Mark Fields with Jim Hackett, who had been running a new unit focused on cutting-edge transportation,...

  • Bolt EV helps boost electric car sales by 91% in California

    Bolt EV helps boost electric car sales by 91% in California

    Some good news for electric-car optimists: Sales of EVs in California rose 91% in the first quarter of 2017 from the same period last year. Pessimists will focus on total units: Only 13,804 pure electrics were sold across California. Sales for all cars and light trucks totaled 506,745, according...

  • Appeals court strikes down FAA drone registration rule

    Appeals court strikes down FAA drone registration rule

    An appeals court on Friday struck down a Federal Aviation Administration rule that required owners of drones used for recreation to register their craft. The ruling was a victory for hobbyists and a setback for the FAA, which cited safety concerns as it tried to tighten regulation of the fast-growing...

  • Fox News fires Bob Beckel from 'The Five,' claims he made insensitive remark to black employee

    Fox News fires Bob Beckel from 'The Five,' claims he made insensitive remark to black employee

    Fox News has fired Bob Beckel, a co-host of its prime-time program “The Five,” saying he made an insensitive remark to a black employee. Fox News announced the firing in a statement issued Friday that did not disclose what Beckel said to the employee who filed the complaint. The firing was related...

  • Uber launches freight service to meet on-demand trucking needs

    Uber launches freight service to meet on-demand trucking needs

    Uber Technologies inched closer to becoming a logistics company Thursday with the launch of Uber Freight, an on-demand freight service for trucking carriers. Similar to the Uber app, through which drivers find passengers in need of a paid ride, the Uber Freight app connects truck drivers with...

  • More air travelers are expected to fly this summer despite airline incidents

    More air travelers are expected to fly this summer despite airline incidents

    A record 234.1 million passengers are expected to fly on U.S.-based carriers this summer, apparently not dissuaded by a series of customer-relations blowups in recent weeks. Airlines for America, which represents the airline industry, attributes the projected 4% increase in summer travel to improving...

  • Stocks edge up, recovering a bit from Wednesday's drop

    Stocks edge up, recovering a bit from Wednesday's drop

    Solid gains among phone companies and some retailers helped nudge U.S. stocks higher Thursday, a day after the stock market had its biggest drop in eight months. Banks also recouped some of their losses. Energy and materials stocks fell. The rally came a day after the market's worst drop since...

  • Car owners affected by Takata recall would get money under new settlement

    Car owners affected by Takata recall would get money under new settlement

    Toyota, Subaru, Mazda and BMW have reached a proposed settlement that would compensate owners of 15.8 million vehicles for money they lost due to the massive recall of Takata air bags. In documents filed Thursday with a federal court in Miami, the automakers agreed to pay $553 million to compensate...

  • Conservative media remember Roger Ailes as 'brilliant' but flawed TV executive

    Conservative media remember Roger Ailes as 'brilliant' but flawed TV executive

    Roger Ailes, the founder and former head of Fox News who died Thursday at 77, was a towering figure in the world of conservative news media -- a trailblazer who gave right-wing political voices a national platform and who groomed influential cable news stars like Bill O'Reilly and Sean Hannity....

  • Ford is cutting 1,400 white-collar jobs in North America and Asia

    Ford is cutting 1,400 white-collar jobs in North America and Asia

    Ford Motor Co. is getting leaner as it faces an onslaught of challenges, including slowing U.S. sales, high-tech challengers and its own disgruntled shareholders. The 114-year-old automaker said Wednesday that it is cutting 1,400 nonfactory jobs in North America and the Asia Pacific region. The...

  • Developer behind Newhall Ranch, Great Park closes IPO at $320 million

    Developer behind Newhall Ranch, Great Park closes IPO at $320 million

    Orange County firm Five Point Holdings — the master developer behind several marquee California communities — said this week that it closed its IPO, taking in more than $300 million. The Aliso Viejo company said that underwriters exercised their option to purchase an additional 3.15 million shares...

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  • 5 steps to creating happiness in your workplace

    5 steps to creating happiness in your workplace

    Each workday, the average American spends 8.8 hours at work or on work-related activities, according to the Bureau of Labor Statistics. That’s even more time than people spend sleeping. And because we spend so much time at work, it's in your and your employer’s best interest to make workplaces...

  • 6 pet-related businesses you can start today

    6 pet-related businesses you can start today

    Starting your own business can nurture your entrepreneurial spirit, earn you some money and give you the opportunity to spend more time with your family — including your pets. So what job can you do that doesn't necessarily require a degree, affords you time flexibility, is in a growing industry...

  • How credit card reward points created delicious results (Infographic)

    Doughnut Plant founder Mark Isreal brought his latest creation to life with the help of 80,000 points earned with his Chase Ink card. Here's how he pulled it off. Save Save

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