Watch live

Biz News

U.S. and Exxon Spar Over Russia Sanctions ViolationU.S. and Exxon Spar Over Russia Sanctions Violation

The U.S. Treasury Department imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, a finding the company immediately said it would challenge.

Sears to Sell Kenmore Brand on AmazonSears to Sell Kenmore Brand on Amazon

Sears will start selling its Kenmore refrigerators and stoves on Amazon.com, marking the first distribution of its kitchen appliances outside of its own stores.

Microsoft Profit Jumps, Fueled by Cloud ComputingMicrosoft Profit Jumps, Fueled by Cloud Computing

Microsoft continued its rebirth as a force in cloud-computing, posting stronger-than-expected gains in its business of selling web-based services to corporate customers.

China's Empty Theme Parks Lack a Key Attraction: A-List Film CharactersChina's Empty Theme Parks Lack a Key Attraction: A-List Film Characters

Dalian Wanda Group’s retreat from the business reveals the challenges China faces in becoming a show-business superpower. So far, it hasn’t matched the global success of Hollywood’s film and TV studios, which continue to fuel U.S. theme-park empires.

PepsiCo CEO Picks a No. 2, but No 'Heir Apparent'PepsiCo CEO Picks a No. 2, but No 'Heir Apparent'

PepsiCo’s longtime leader Indra Nooyi is promoting one of her lieutenants to serve as the company’s president, filling a No. 2 role that has been vacant for nearly three years and shuffling around her potential successors.

IMF Falls Short of Transparency Rules as Key Discussions Remain SecretIMF Falls Short of Transparency Rules as Key Discussions Remain Secret

The International Monetary Fund provides public access to board-meeting minutes only up to 2010, even though its guidelines require that such information should be available for more-recent deliberations.

ECB's Inaction Echoes Global Caution Over Weak InflationECB's Inaction Echoes Global Caution Over Weak Inflation

ECB policy makers haven't yet discussed the future of their bond-purchase program after its tentatively scheduled end in December, but will do so in the fall, ECB President Mario Draghi said.

Low Earners Are Making the Biggest Gains for the First Time in YearsLow Earners Are Making the Biggest Gains for the First Time in Years

For the first time in years, pay for lowest-income Americans is rising faster than for other groups. Weekly pay for earners at the lowest 10th percentile of the wage scale rose at a faster rate last quarter, from a year earlier, than any other group.

U.S. Jobless Claims Dropped Last WeekU.S. Jobless Claims Dropped Last Week

The number of Americans applying for first-time unemployment benefits fell last week, another signal of a buoyant job market.

Why Small Firms Are Giving Out 15% Pay RaisesWhy Small Firms Are Giving Out 15% Pay Raises

As the job market tightens, small-business owners are boosting pay to keep experienced hands from jumping ship.