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Business News

Thursday, Nov 9, 2017 at 11:18 AM CST

Nearly All Student Loan Fraud Claims Involve For-Profits

Nearly All Student Loan Fraud Claims Involve For-Profits

Students who attended for-profit colleges filed more than 98 percent of the requests for student loan forgiveness alleging fraud by their schools, according to an analysis of Education Department data published...

Wednesday, Nov 8, 2017 at 06:17 PM CST

Chinese Gas Deal Raises Ethics Issues for Ross

Chinese Gas Deal Raises Ethics Issues for Ross

On Sunday, the public learned that Commerce Secretary Wilbur Ross never fully divested himself of ownership in a global shipping company — one with ties to Russia’s rulers — when he joined President Donald...

Wednesday, Nov 8, 2017 at 05:41 PM CST

Capital One to Cut 950 Jobs in Plano

Capital One to Cut 950 Jobs in Plano

Banking and financial services company Capital One announced Tuesday that it will lay off about 950 people in Plano, as it exits the mortgage and home equity business and closes a call center.

Wednesday, Nov 8, 2017 at 04:32 PM CST

Former Trump Adviser Icahn Subpoenaed

Former Trump Adviser Icahn Subpoenaed

Federal prosecutors want to know more about efforts billionaire investor Carl Icahn may have made while he was an adviser to President Donald Trump to change the renewable fuel credits system that was costing...

Wednesday, Nov 8, 2017 at 08:53 AM CST

Trump to Push China on Trade, N. Korea During 2-Day Visit

Trump to Push China on Trade, N. Korea During 2-Day Visit

Welcomed to China with an outsized dose of pomp and pageantry, President Donald Trump pronounced himself wowed by Beijing's lavish greeting Wednesday at the start of a two-day visit in which he aims to employ...

Tuesday, Nov 7, 2017 at 06:51 PM CST

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Trump's Commerce Secretary Overstated Wealth by $2B: Forbes

Forbes reported Tuesday that Commerce Secretary Wilbur Ross exaggerated his net worth to the magazine by $2 billion. The publication cited years of internal reporting notes and conversations with Ross, an...

Tuesday, Nov 7, 2017 at 04:08 PM CST

What Are the 'Paradise Papers'?

What Are the 'Paradise Papers'?

A trove of leaked documents known as the "Paradise Papers" have brought to light the ways wealthy individuals and government officials attempt to avoid taxes and financial transparency. The papers...

Tuesday, Nov 7, 2017 at 07:32 AM CST

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

Former Trump Adviser Page Tells Panel About 2016 Russia Trip

A former foreign policy adviser to President Donald Trump's campaign has acknowledged in testimony to Congress that he had contact with a high-level Russian official while on a trip to Russia last year,...

Monday, Nov 6, 2017 at 12:48 PM CST

21st Century Fox in Talks on Partial Sale to Disney: Sources

21st Century Fox in Talks on Partial Sale to Disney: Sources

21st Century Fox has been holding talks about selling most of the company to Walt Disney Co., except for media properties focused tightly on news and sports, people familiar with the situation tell CNBC. The on...

Monday, Nov 6, 2017 at 09:36 AM CST

Marshalls, TJ Maxx Still Paying Workers of Closed PR Stores

Marshalls, TJ Maxx Still Paying Workers of Closed PR Stores

TJX Cos., the parent company of TJ Maxx, Marshalls and HomeGoods, is being praised for continuing to pay its employees in Puerto Rico even though their stores remain closed due to damage from Hurricane...

 

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