Business Headlines

  • Trump administration reaches deal to save Chinese giant ZTE

    The Trump administration has told Congress that it’s reached a deal on Friday that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source said on condition of anonymity. A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with...

    New York Post
  • Roku stock gets boost after short-seller changes mind

    Roku’s stock was on a tear Friday after a noted short-seller changed his tune on the streaming giant. “What a difference six months makes,” Andrew Left of Citron Research said in a report Friday on the streaming player maker, hinting at a potential Netflix tie-up. “The move to cutting the cord and [over-the-top] advertising is...

    New York Post
  • Business Highlights

    ___ For CEOs, $11.7 million a year is just middle of the pack NEW YORK (AP) — Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of...

    ABC News
  • US raises concerns about illnesses tied to synthetic pot

    U.S. health officials are urging states to regulate marijuana oil extracts after investigating a rash of illnesses tied to the products in Utah. In a report released Thursday, the Centers for Disease Control and Prevention found that synthetic products falsely labeled as cannabidiol, or...

    ABC News
  • Venezuela's ex-oil czar sees economic collapse accelerating

    Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to...

    ABC News
  • How major US stock indexes fared Friday

    Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. On Friday: The S&P 500 index slipped 6.43 points, or 0.2 percent, to 2,721.33. The Dow Jones...

    ABC News
  • Bill to create health care price controls in California dies

    A proposal to create government price controls in California for surgeries, hospital stays, doctor visits and other health care services died Friday when it failed to clear a key committee, but the author says he plans to bring it back next year. The measure was a longshot from the...

    ABC News
  • Visa suspends Morgan Freeman campaign

    Visa is suspending its marketing campaign with Morgan Freeman following a CNN investigation that uncovered a pattern of alleged harassment and inappropriate behavior by the actor. "We are aware of the allegations that have been made against Mr. Freeman. At this point, Visa will be suspending our marketing in which the actor is featured," the company said late Thursday. The company has featured Freeman in its commercials and also used his voice in its ads. Vancouver public transit system...

    WPLG
  • Halliburton and Gap tumble while Foot Locker and Quest climb

    Stocks that moved substantially or traded heavily on Friday: Halliburton Co., down $2.08 to $50.19 Oil prices continued to fall following reports that OPEC countries may increase oil production soon. Foot Locker Inc., up $9.35 to $55.74 The company had a strong first quarter and...

    ABC News
  • Foot Locker knows cool sneakers, and that's why stocks are rallying: Analyst

    A carefully curated selection of cool sneakers is helping Foot Locker's stock gain momentum, says analyst.

    CNBC
  • Source: Trump administration has cut deal with China's ZTE

    The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution of the ZTE...

    ABC News
  • AP Explains: What's changing under new data privacy rules

    Europe's new data and privacy rules take effect Friday, clarifying individual rights to the personal data collected by companies around the world for targeted advertising and other purposes. Years in the making, the rules are prompting companies to rewrite their privacy policies and in some...

    ABC News
  • Wall Street exec backs train service for mini trips

    Brightline, the only privately owned and operated passenger rail in the U.S., opens a new leg of travel between Miami and West Palm Beach, Florida.

    CNBC
  • Reaction to criminal charges filed against Harvey Weinsten

    “I hope this gives hope to victims and survivors everywhere, that we are one step closer to justice. Because one win is a win for all of us.” — Weinstein accuser Rose McGowan, to The Associated Press. In a tweet: “We got you, Harvey Weinstein, we got you.”

    www.washingtonpost.com
  • Source: Trump administration has cut deal with China's ZTE

    The Trump administration has told Congress it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, said a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter. Under the agreement, ZTE will oust its...

    ABC News
  • Bill George: As consumer giants struggle, Unilever rises above the pack

    Ford's new CEO Jim Hackettt plans to concentrate on SUVs and trucks. That strategy could be a disaster when gas prices rise, says former Medtronic CEO Bill George.

    CNBC
  • Since Weinstein: The growing list of the accused

    The publication of allegations of sexual misconduct against Hollywood mogul Harvey Weinstein sparked a national reckoning. Since October, scores of men in entertainment, politics, media, and beyond have faced allegations ranging from inappropriate behavior to forced sexual misconduct to rape. ...

    ABC News
  • Is 'Solo' suffering from 'Star Wars' fatigue?

    Every new "Star Wars" film brings an excitement that can be felt throughout the galaxy. Yet, this weekend's "Solo: A Star Wars Story" seems to be missing some of the usual galactic hype. Is Disney's Han Solo spinoff, which tells the origin story of the smuggler, suffering from a bit of "Star Wars" fatigue? "It's certainly possible after four movies in two and a half years, although fatigue is a relative term in the case of 'Star Wars,'" said Shawn Robbins, chief analyst at BoxOffice.com. "This...

    WPLG
  • The top 10 songs and albums on the iTunes Store

    iTunes charts for week ending May 24, 2018

    www.washingtonpost.com
  • Deal dead with investor for Alaska mine project near fishery

    A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest salmon fisheries has backed away from the project. Mine developer Northern Dynasty Minerals Ltd. says it was unable to finalize an agreement with First Quantum...

    ABC News
  • Weinstein Company assets face unclear future

    The Weinstein Co. produced too much content to completely disappear. But the name that once carried so much weight in Hollywood -- taken from brothers Bob and Harvey Weinstein -- is likely to fade from view, while its assets face an uncertain future under new stewardship. Harvey Weinstein was arrested Friday on charges of rape and sex abuse. "Mr. Weinstein has always maintained that he has never engaged in non-consensual sexual behavior with anyone," Weinstein's attorney Benjamin Brafman said in...

    WPLG
  • News organizations pull some Facebook ads after new labeling policies

    The Financial Times and New York Media, owner of New York magazine, have pulled certain ads from Facebook after the social media giant rolled out new policies for labeling ads about issues deemed political. This week, Facebook instituted new requirements for advertisements on its platform. Ads that mention a political candidate or are about issues including guns, civil rights, and patriotism will be subject to the new rules. Those ad will now include a label saying what organization paid for it....

    WPLG
  • Market report: Royal Mail hit 
as analysts warn GDPR may 
affect volumes

    New General Data Protection Regulation laws could hit Royal Mail’s letter volumes as confused companies scramble to rein in their marketing mail, City analysts warned to knock the delivery firm down to a two-month low.

    The Telegraph
  • 2 members of secretive sect plead guilty to fraud charges

    A father and son who belong to a secretive evangelical church in North Carolina pleaded guilty Friday to federal criminal charges in an unemployment benefits scheme that former congregants have said was part of a plan to keep money flowing into the church. As part of an ongoing...

    ABC News