Business Headlines

  • Black Panther breaks another box office record

    “Black Panther” not only shattered Hollywood’s outdated notions about diversity — but also overturned the perception of February as a movie-going wasteland, insiders said. Paul Dergarabedian, comScore’s senior media analyst, said that Presidents’ Day weekend never had a $100 million opening before the release of “Deadpool” in 2016 racked up a four-day gross of $152...

    New York Post
  • General Motors is proposing a $2.8 billion investment to save its ailing South Korean unit

    General Motors is proposing $2.8 billion in fresh investments to restructure its South Korean unit.

  • Tavis Smiley sues PBS, saying sexual misconduct investigation was biased

    Tavis Smiley filed a lawsuit against PBS on Tuesday, saying that the organization used allegations of sexual misconduct against him as a pretext to end a "tense" relationship. PBS suspended distribution of "Tavis Smiley" in December following what it called "troubling allegations" against the news show's namesake host. Following an investigation into the accusations, PBS said Smiley had "multiple sexual encounters with subordinates over many years," and engaged in conduct that was not consistent...

  • South Korea will sign trade deals with five Central American countries

    South Korea will sign trade agreements with five Central American nations, boosting the Korean automotive and electronics sectors.

  • Australian PM heading to US for talks with Trump, governors

    Prime Minister Malcolm Turnbull heads for the United States accompanied by the largest Australian political and business delegation ever to visit the U.S.

    Washington Post
  • Seattle launches season-ticket campaign for new NHL team

    Fans longing for a professional hockey team in Seattle will soon be able to put down some money for season tickets. Mayor Jenny Durkan and the Oak View Group, which is trying to bring an NHL team to the city, announced Tuesday that people can make refundable deposits for season tickets at...

    ABC News
  • Kansas proposal to tighten lobbying law allows bigger gifts

    TOPEKA, Kan. (AP) - A bipartisan legislative proposal for strengthening Kansas lobbying laws also would allow state officials to take more expensive gifts from people seeking to influence them. The Kansas Senate gave first-round approval Tuesday to a bill that would require people seeking to promote contracts or influence actions ...
  • Dunkin’ Donuts says coupons for free ‘anniversary’ doughnuts are scams

    CANTON, Mass. — Dunkin’ Donuts says a story and clickable coupon being shared widely online that offers free boxes of doughnuts to celebrate its anniversary is false. Michelle King, a spokeswoman for the Canton, Massachusetts-based Dunkin’ Brands Group Inc., said in an email that the online offer is not affiliated with Dunkin’ Donuts. Links appeared...

    New York Post
  • Toy makers turn to the toilet for poop-inspired toys

    Toy makers have gone to the toilet for their latest creations. Mattel, a company best known for its clean-cut Barbie dolls, is set to release a game called Flushin' Frenzy that sends a brown plastic poop flying into the air. Rival Hasbro, whose water-squirting game Toilet Trouble was a...

    ABC News
  • Business Highlights

    ___Investors are winners as companies lay out tax-saving plansNEW YORK (AP) - The tax overhaul was sold by its backers as a way to help American workers, and...

    Mail Online
  • Business Highlights

    ___ Investors are winners as companies lay out tax-saving plans NEW YORK (AP) — The tax overhaul was sold by its backers as a way to help American workers, and companies have announced plans to give employees bonuses and improve their operations. But the plans also suggest the lion's...

    ABC News
  • BP: Demand for oil could peak by late 2030s

    The world's thirst for oil may finally be quenched. Global demand for crude is likely to "plateau" during the late 2030s, mostly because of the rise of electric cars and trucks, BP predicted Tuesday in its annual outlook. BP thinks 320 million electric vehicles will be on the road by 2040, compared with about 2 million in 2016. The company thinks electrics will hit a tipping point and really take off after 2035. The prediction is more evidence of a dramatic shift in appetite for oil. And talk of...

  • Former Walmart US CEO: Gun regulation is the responsibility of the government, not retailers

    Retailers limiting gun sales will not solve the gun crisis, argues former Walmart US CEO. Instead, legislators should regulate them.

  • Rates on US Treasury bills rise at weekly auction

    Interest rates on short-term Treasury bills rose in Tuesday's auction to their highest levels in more than nine years. The Treasury Department auctioned $51 billion in three-month bills at a discount rate of 1.630 percent, up from 1.570 percent last week. Another $45 billion in six-month...

    ABC News
  • How major US stock indexes fared Tuesday

    A late-afternoon sell-off pulled U.S. stocks lower Tuesday, snapping a six-day winning streak. Walmart plunged 10 percent after reporting weak online sales and disappointing earnings. Other retailers, health care companies and industrial stocks also fell. The losses outweighed a modest gain...

    ABC News
  • Space station builder Bigelow forms new company to help sell space habitats to the masses

    Bigelow Aerospace on Tuesday announced the creation of Bigelow Space Operations, the next step in the company's private space station efforts.

  • Gap and Walmart slump while NXP and Rite Aid rise

    Stocks that moved substantially or traded heavily Tuesday: Rite Aid Corp., up 7 cents to $2.20 Grocery store company Albertsons agreed to buy more than 2,500 of Rite Aid's remaining stores. Gap Inc., down $1.66 to $31.61 The retailer said Jeff Kirwan, the CEO of the Gap brand,...

    ABC News
  • Market report: Ocado surges on hopes of US tie-up

    Hopes that US supermarket giants will battle it out to bag a deal with Ocado to fend off Amazon’s entry into the grocery market boosted the FTSE 250’s rising star back towards four-year highs.

    The Telegraph