Category: Business News

Oil pull back ahead of U.S. inventory data

Global oil prices surrendered earlier gains in Asia on Wednesday, on deepening oversupply concerns after the U.S. energy department again raised oil production estimates. The Energy Information Administration on Tuesday said it expects American...

Amazon Fights Wal-Mart for Low-Income Shoppers

Amazon.com Inc. is dropping its membership price for low-income shoppers, going after a Wal-Mart Stores Inc. stronghold. The online retailer giant said Tuesday that it will offer a nearly 20% segment of the U.S. population—people who obtain government...

Alphabet set to face down shareholder dissent

Google’s parent company Alphabet is set to face smouldering shareholder unhappiness over corporate governance at its annual meeting on Wednesday. Three of the most influential advisers to large investors — ISS, Glass Lewis and...

Toyota Says Sold Entire Holdings in Tesla in 2016

Toyota Motor Corp. has sold its stakes in Californian electric carmaker Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said Saturday. The sale marks the end of collaboration between the two companies for now,...

Diners Are Finding $13 Burgers Hard to Swallow

The once-humble hamburger has become too fancy for its own good. As the number of outlets serving “better” burgers—featuring nontraditional toppings and artisan buns—has skyrocketed over the past decade, so has the average burger...