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Chicago Business News - Money, Financial & Corporate News

Wednesday, Oct 4, 2017 at 10:03 AM CDT

Amazon, Georgia: If You Name It, Will Company Come?

Amazon, Georgia: If You Name It, Will Company Come?

Officials from a recently incorporated city outside Atlanta want to shed some of their new municipality's land and rename it Amazon, Georgia. Their hope is that the change will spur the e-commerce giant to...

Wednesday, Oct 4, 2017 at 09:18 AM CDT

Amazon Must Pay $295 Million in Back Taxes, EU Says

Amazon Must Pay $295 Million in Back Taxes, EU Says<br /><br />

Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals...

Wednesday, Oct 4, 2017 at 02:27 AM CDT

Yahoo: Every Single Account Was Impacted by 2013 Data Breach

Yahoo: Every Single Account Was Impacted by 2013 Data Breach

Yahoo, now part of Oath, said that every single Yahoo account was affected by a data breach that took place in 2013. That's about 3 billion accounts, CNBC reported. Yahoo buried the stat in a recent update to...

Tuesday, Oct 3, 2017 at 02:05 PM CDT

Another Wells Fargo CEO Faces an Angry Congress

Another Wells Fargo CEO Faces an Angry Congress

A different Wells Fargo chief executive met a similar kind of anger from Congress on Tuesday, with politicians from both major parties saying they feel the bank has done little to change its culture since a...

Tuesday, Oct 3, 2017 at 06:40 PM CDT

Lawmakers Grill Former Equifax Chairman Over Data Breach

Lawmakers Grill Former Equifax Chairman Over Data Breach

House Republicans and Democrats on Tuesday grilled Equifax's former chief executive over the massive data hack of the personal information of 145 million Americans, calling the company's response inadequate...

Tuesday, Oct 3, 2017 at 10:08 AM CDT

Buffett's Firm to Buy Majority of Pilot Flying J Truck Stops

Buffett's Firm to Buy Majority of Pilot Flying J Truck Stops

Warren Buffett's company is acquiring a major stake in Pilot Flying J truck stops and it will become a majority owner within about five years. The ubiquitous truck stops, 750 of them in 44 states and Canada,...

Monday, Oct 2, 2017 at 04:40 PM CDT

GM to Ditch Gas- and Diesel-Powered Cars, Go All Electric

GM to Ditch Gas- and Diesel-Powered Cars, Go All Electric

General Motors plans to go 100 percent electric, the Detroit automaker announced Monday. "General Motors believes in an all-electric future," said Executive Vice President Mark Reuss. "Although that future won't...

Monday, Oct 2, 2017 at 10:12 AM CDT

Former Equifax Chairman Apologizes for Data Breach

Former Equifax Chairman Apologizes for Data Breach

The former chairman and CEO of Equifax is apologizing for a data breach in which the sensitive information of 140 million Americans was stolen. In prepared congressional testimony, Richard F. Smith says the...

Friday, Sep 29, 2017 at 02:55 PM CDT

EU to Seek Higher Digital Taxes on US Giants

EU to Seek Higher Digital Taxes on US Giants

There's a groundswell of support in the European Union to make sure that digital U.S. giants pay more taxes on their lucrative business in Europe, French President Emmanuel Macron said Friday. He said he...

Friday, Sep 29, 2017 at 11:59 AM CDT

Google Offers to Tweak Shopping Over EU Antitrust Concerns

Google Offers to Tweak Shopping Over EU Antitrust Concerns

Google has proposed a remedy for its search results that European regulators have said favor its own shopping listings: holding an auction for those advertiser-paid spots. But critics say the proposal still...

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