Germany-based automaker BMW AG and two of its U.S. subsidiaries have settled charges that they disclosed inaccurate and misleading information about BMW's retail sales volume in the United States while raising approximately $18 billion from investors in corporate bond offerings, the U.S. Securities and Exchange Commission (SEC) said on Thursday.
Costco Wholesale Corp beat estimates for quarterly profit and revenue on Thursday, as consumers staying at home due to the COVID-19 pandemic bought more fresh produce, appliances and gardening and sporting goods.
Wall Street rallied in a rocky session on Thursday as beaten-down technology shares gained favor after data showing a surge in the sale of new homes revived faith in the economic recovery even as U.S. jobless claims rose unexpectedly.
Wall Street rose in a choppy session on Thursday on hopes of more economic stimulus but the gains were not enough to lift an index of stocks across the globe, while the dollar ticked down from two-month highs.
U.S. airline unions expressed hope on Thursday that Congress could strike a deal in the coming days that would provide $25 billion to prevent tens of thousands of furloughs on Oct. 1 after the U.S. Treasury chief said he could not act unilaterally to save airline jobs.
Five Republican U.S. senators have urged Netflix Inc to reconsider plans to adapt a Chinese science-fiction book trilogy into a TV series because they said the author has defended the Chinese government's treatment of Uighur Muslims.
A U.S. judge said Thursday the Trump administration must either delay a ban on U.S. app stores offering TikTok for download or file legal papers defending the decision by Friday.
President Donald Trump said on Thursday his decision on whether to approve a potential deal involving U.S. companies taking a greater ownership share of Chinese social media app TikTok will hinge primarily on the issue of safety.
Facebook Inc on Thursday said it had dismantled three networks of fake accounts which could be used by Russia's intelligence services to leak hacked documents as part of efforts to disrupt the upcoming U.S. election.
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving prospects for its $11 billion deal to end the litigation.
Facebook's long-delayed independent Oversight Board plans to launch in mid-late October, just before the November U.S. presidential election, although a board member said he did not know whether it would hear cases related to the contest. Conway G. Gittens has more.
The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding. Fred Katayama reports.
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