Business

Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
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R. Kelly has been dropped by Sony Music, according to reports in Variety and Billboard. The news comes after Lifetime’s documentary series “Surviving R. Kelly” aired earlier this month. In it, several women accuse the R&B singer of sexual misconduct. Sony Music did not immediately respond to a request for comment. A protest occurred Wednesday
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Atlassian shares rose more than 10 percent in extended trading on Thursday after the provider of collaboration software reported better-than-expected earnings for its fiscal second quarter. Executives will discuss the results with analysts on a conference call at 5 p.m. Eastern time. Here are the key numbers: Earnings: 25 cents per share, excluding certain items,
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Daniel Acker | Bloomberg | Getty Images A customer shops in a supermarket in Princeton, Illinois. Jefferies downgraded its outlook on Anheuser Busch Inbev‘s stock to underperform on Wednesday, saying the brewing company is facing heavy global competition, hurting any near term growth. “Market share pressures could lead to some disappointment on recovery potential resulting
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Gillette has come under fire after releasing a commercial that draws on the #MeToo movement to challenge “toxic masculinity.” In the ad, the razor brand — a subsidiary of global giant Proctor & Gamble — calls out “bullying,” “sexual harassment” and “toxic masculinity,” and questions: “Is this the best a man can get?” The campaign
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Shortages of federal airport security workers in the partial U.S. government shutdown prompted several large U.S. airports to close security lanes Monday, as the impasse over funding for a wall along the U.S. border with Mexico rippled throughout the aviation industry. Travelers at Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport, faced hour-long lines to
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The North American International Auto Show kicks off Monday, but Detroit’s flagship car exposition isn’t what it used to be as luxury automakers are going elsewhere to debut their latest designs. Audi, BMW, Mercedes, Volvo, Porsche, Jaguar, Land Rover are skipping the show in an official capacity this year. Even smaller manufacturers, like Mitsubishi and
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Huawei’s research and development company, Santa Clara, Calif.-based Futurewei Technologies, was blocked this week from shipping telecommunications equipment and software manufactured stateside. The Commerce Department called the equipment a security risk. It’s part of a multi-pronged effort “to ratchet up the pressure on China,” said Tom Kellerman, CEO of cybersecurity company Carbon Black and a
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