China Regulator Fines Alibaba Group $2.75 Billion for Market Monopoly Practice

China fined Alibaba Group Holding Ltd $2.75 billion for breaking antitrust rules and exploiting its dominant business position.

Apr 10, 2021 03:42 AM EDT

Why Amazon's Jeff Bezos Backs Biden's Infrastructure Plan That Would Lead to Corporate Tax Hike

Amazon's founder, Jeff Bezos supports President Biden's initiative to increase corporate taxes to help pay administration's infrastructure plan.

Apr 07, 2021 06:40 AM EDT

Mitch McConnell Wants Big Companies To Stay Out of Politics Unless Involving Donations

Mitch McConnell slammed big companies for criticizing Georgia's controversial new voting laws telling top executives to "stay out of politics."

Apr 07, 2021 01:24 AM EDT

LG Confirms Shutting Down of Mobile Business as It Experience Continuous Surge of Losses

LG smartphone business is shutting down with losses continuing to surge, news from its home country, Korea, reported.

Apr 05, 2021 02:47 AM EDT

Nike Sues Lil Nas X's Blood Shoes Maker Copyright Infringement Endorsing Satanism

Nike sued Mschf for its "Satan Shoes," which were produced in partnership with rapper Lil Nas X.

Mar 30, 2021 12:44 AM EDT

Czech Republic's Richest Man Dies in Tragic Helicopter Crash in Alaska

Petr Kellner, a Czech billionaire and the founder of PPF Group NV, was killed in a helicopter crash in the Alaskan mountains.

Mar 29, 2021 07:15 AM EDT

NLRB: Elon Musk Tweet Threatens to Retaliate Against Workers, Tesla Violates Labor Law

Elon Musk, the CEO of Tesla, has landed himself in warm water with yet another federal agency, this time the National Labor Relations Board.

Mar 25, 2021 11:23 PM EDT

China Slams International Clothing, Shoe Brands Over Xinjiang Concerns

Many clothing and shoe brands face a storm of criticism in China over Xinjiang cotton concerns.

Mar 25, 2021 10:31 AM EDT

Texas Roadhouse CEO Decides To End His Life Due to 'Unbearable' COVID-19

Kent Taylor, the founder, and CEO of Texas Roadhouse, died on Thursday. He was 65 years old.

Mar 22, 2021 07:41 AM EDT

IRS Delays Tax Filing, Tax Agency Behind in Tax Returns Processes

To give some breathing room to Americans in an unusually chaotic filing season, the IRS is currently arranging to delay its customary April 15 tax filing deadline and moved it until May 17.

Mar 18, 2021 07:11 PM EDT

Why Did This Chinese Billionaire Suddenly Quit With His Tech Company?

A Chinese billionaire and a chairman of Pinduoduo, a high-flying Chinese e-commerce company, has suddenly stepped down.

Mar 18, 2021 06:19 PM EDT

Russia Vows To Block Twitter for 30 Days

Russia has vowed to ban Twitter within 30 days unless it takes action to delete 'banned content,' as described by the government.

Mar 16, 2021 09:51 PM EDT

China Increases Pressure on Tech Giants Through Regulators

Regulators concerned about China's rising power are increasing their pressure on the country's tech giants.

Mar 16, 2021 10:35 AM EDT

Tesla Plant Records Hundreds of COVID-19 Cases

Tesla's Bay Area production plant reported hundreds of positive COVID-19 cases following CEO Elon Musk's defiant reopening of the plant last May.

Mar 13, 2021 03:13 AM EST

Russia Says Google Outage Due To Fire in Data Center

Russia is now trying to blame the Google outage on a fire at the tech giant's data center in France, a claim Google disputes.

Mar 12, 2021 10:45 PM EST