Starbucks shares drop on Schultz news
Starbucks' shares fell as the departure of executive chairman Howard Schultz added to a run of worrying headlines for the world's biggest coffee chain. Fred Katayama reports.
Global airlines slash profit outlook as fuel costs jump
Global airlines slash their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. Ciara ...
Uber driver arrested after passenger is shot dead
A driver with the ride-sharing service Uber was arrested on Friday for suspicion of first-degree murder after Denver police said he fatally shot a passenger in his vehicle.
Socialist Sanchez takes Spanish reins
Spanish socialist Pedro Sanchez was catapulted to power on Friday, taking over as prime minister from veteran conservative Mariano Rajoy, who lost a no-confidence vote in the wake of a corruption scan ...
Softbank invests $2.3 bln in GM’s autnomous car unit
The landmark deal will give Softbank Vision Fund a nearly 20 percent stake in GM Cruise Holdings. Fred Katayama reports.
Wall Street rebounds, worries over Italy ease
U.S. stocks bounced back on Wednesday as signs emerged of an easing of political turmoil in Italy, and a surge in oil prices boosted energy stocks. Fred Katayama reports.