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Updated: 1 hour 4 min ago

Former Drug CEO Not Expected To Answer House Panel's Questions

Thu, 02/04/2016 - 4:11am

Martin Shkreli is to appear before a House panel Thursday for a hearing on drug prices. Shkreli's company purchased the life-saving drug Daraprim, and then raised the price by 5,000 percent.

Offering A 'Flawless Experience' Puts Chefs In A Pressure Cooker

Thu, 02/04/2016 - 4:01am

Chef Eric Ziebold discusses the high-stakes world of luxe cuisine in the wake of the death of Benoit Violier, a French Swiss chef who many said was the best in the world.

Media Mogul Sumner Redstone, 92, Steps Down At CBS

Wed, 02/03/2016 - 4:55pm

CBS Corporation CEO Leslie Moonves is now executive chairman, following Redstone's resignation. Redstone, who is said to be ailing, is now chairman emeritus.

Is Amazon Planning Hundreds Of Bookstores? Analysts Doubt It

Wed, 02/03/2016 - 4:07pm

A mall real estate executive let slip that Amazon plans to build up to 400 walk-in stores. Analysts were skeptical, and now the executive says his comment wasn't intended to represent Amazon's plans.

Toyota Discontinues Youth-Oriented Scion Brand

Wed, 02/03/2016 - 3:44pm

Toyota has killed off its struggling Scion brand. The lineup of small cars targeted economy-minded young buyers. But those marketing efforts failed to win over millennials in any significant numbers.

Luxembourg Hopes To Rocket To Front Of Asteroid-Mining Space Race

Wed, 02/03/2016 - 3:16pm

The tiny European country will be investing in research and building a regulatory framework to help make a futuristic industry — the extraction of minerals from objects in space — a reality.

Michigan Governor Wants $30 Million To Help Pay Bills For Lead-Tainted Water

Wed, 02/03/2016 - 3:15pm

Flint residents are still being billed for water that's unsafe to drink. Tens of thousands of petitions have demanded a moratorium on residents' drinking water bills.

Sayonara, Scion: Toyota Ending Brand Geared Toward Younger Drivers

Wed, 02/03/2016 - 2:17pm

The car brand aimed at younger drivers has seen dwindling sales, with only 56,167 cars sold last year in the U.S., according to Toyota.

California Utility Faces Criminal Charges Over Ongoing Gas Leak

Wed, 02/03/2016 - 7:59am

The leaking well near Porter Ranch, Calif., has been spewing methane gas into the air for months now. The company already faces civil suits; now, prosecutors are filing misdemeanor criminal charges.

Zika Virus Prompts Tata Motors To Rename New Car

Wed, 02/03/2016 - 6:03am

The new hatchback, which hasn't been launched yet, was named Zica. That was before the virus by the same name exploded as a public health emergency.

Intel Discloses Diversity Data, Challenges Tech Industry To Follow Suit

Wed, 02/03/2016 - 5:00am

Intel is revealing more details about its diversity goals — the ones the chipmaker has met and failed to meet — than any other Silicon Valley giant to date.

Art World Captivated By 'Fake Rothko' Trial

Wed, 02/03/2016 - 4:11am

The chairman of Sotheby's is suing a gallery that sold him a fake Mark Rothko painting. That trial is underway in Manhattan. Mary Louise Kelly talks to Noah Charney, author of The Art of Forgery.

California Exchange Chief Rips UnitedHealth For Obamacare Excuses

Wed, 02/03/2016 - 4:00am

Covered California's executive director, Peter Lee, said UnitedHealth Group Inc. made its own mistakes on rates and networks that led to a $475 million loss on individual policies in 2015.

The Hong Kong Bookseller Who's Keeping 'Banned' Books On His Shelves

Wed, 02/03/2016 - 3:58am

Five people in Hong Kong's book industry disappeared. All were linked to books forbidden in mainland China. Here's one bookseller who says he has no plans to remove the "banned" works.

Yahoo Laying Off Staff And Considering Selling Itself

Tue, 02/02/2016 - 7:12pm

The Internet pioneer continues to lose money. Its fourth-quarter report shows a loss of $4.4 billion. Established in the days of dial-up modems, it has had trouble keeping up with life on the Web.

WATCH: Super Bowl Ads Already Generating Buzz

Tue, 02/02/2016 - 3:31pm

The big game may be days away, but commercials featuring a Helen Mirren soliloquy, Pokemon, a Drake Hotline Bling spoof, Ryan Reynolds and, of course, puppies are already getting attention online.

'Forked' Rates Restaurants On How They Treat Their Workers

Tue, 02/02/2016 - 2:43pm

More restaurants are offering better wages, benefits and working conditions for employees. A new book rates dozens of restaurants and scolds the ones taking the "low road" to profitability.

'Another $7.2 Million. Pow!' A Peek Inside Turing Pharmaceuticals

Tue, 02/02/2016 - 11:14am

Congressional investigators have pried loose emails showing how the company's executives anticipated huge profits from a 5,000 percent drug price increase. They were blindsided by the blowback.

BP Earnings Plunge 91 Percent In 4th Quarter

Tue, 02/02/2016 - 10:31am

Global oil and gas price drops have done a number on BP's net income, which fell to $196 million from $2.2 billion in the year-ago quarter. The company also plans to cut thousands more jobs.

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