Business News

European Commission Slaps Google With Record $5…

The European Commission said Google used Android's operating system to illegally make its search engine dominant.

AmEx 2Q profits rise, but there are worry spots…

American Express 2Q profits rise by 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate. But more customers are struggling to repay cards.

EU fines Google a record $5 billion over mobile…

The European Union has fined Google a record $5 billion for forcing cellphone makers that use the company's Android mobile operating system to install Google apps

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United Airlines stock soars on more upbeat 2018 forecast

United Airlines has its biggest stock market gain in 2 years after raising profit forecast and saying it can handle higher fuel prices

Gov't report accuses agency of inadequate recall monitoring

An investigation has found that the U.S. government's highway safety agency failed to act quickly on a consumer complaint, and that could have delayed recalls of dangerous Takata air bag inflators

Trade Tensions Won't Impact Economy for Months…

Jul.18 -- Mark Howard, BNP Paribas senior multi-asset specialist, reacts to the Federal Reserve's Beige Book economic report. He speaks with Bloomberg's Scarlet Fu and Lisa Abramowicz on "Bloomberg Markets."

United Continental and Grainger rise; Devon Energy skids

United Continental Holdings and WW Grainger climb while Devon Energy and Lennar fall

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How major US stock indexes fared Wednesday

Big gains for banks and for transportation companies like airlines and railroads took U.S. stock indexes slightly higher Wednesday

Markets Right Now: Airlines, banks lead US stocks higher

Stocks are ending modestly higher as big gains for transportation and financial companies were partly offset by losses elsewhere.

IBM Reports 2018 Second-Quarter Results

Soy "milk" makers may need to find alternative…

Soy and almond drinks calling themselves "milk" may need to consider alternative language

Fed Says U.S. Manufacturers Concerned About…

Jul.18 -- Bloomberg's Scarlet Fu and Lisa Abramowicz break down the Federal Reserve's Beige Book economic report, which is based on anecdotal information collected by the 12 regional Fed banks through July 9. They speak on "Bloomberg Markets."

Frustrated US lawmakers threaten action on Trump's tariffs

Congress is losing patience with the Trump administration's reliance on tariffs to win trade disputes

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Fed says trade war downturn could pose challenges

Powell says Fed's ability to fight a downturn caused by trade war could get challenging