BUSINESS

The United States will become the world's leading oil exporter by annual output this year.

Deutsche Bank and Commerzbank, Germany's two biggest banks, want to merge to survive.

The Yankees, along with Amazon, Sinclair Broadcast Group, and a private equity from Blackstone, have reportedly purchased the YES Network from Disney.

Airbnb has acquired HotelTonight, a last-minute booking service for boutique and independent hotels.

American electric car maker Tesla’s Gigafactory in China’s Shanghai is coming with a host of advantages. The prime benefit is Tesla’s market access in China being free from the effects of any U.S-China trade war.

Facebook once again finds itself in hot water over a bug from 2018 that allowed hackers to see people users spoke to on Messenger.

The U.S jobs growth shrunk in February, hit by economic as well as non-economic reasons. Nevertheless, employers maintained a strong hiring rate despite the economy’s downslide. Good news is that jobless rate also plunged to 3.9 percent in February from 4 percent in January.

T-Mobile has gone on the offnsive to convince federal regulators to approve its merger with Sprint.

The prospect is real Elon Muck could temporarily lose his job as Tesla CEO.

Charlotte Russe is closing all of its retail stores over the next couple of months. Find out what that means for thousands of the company's employees.

Stanley Black & Decker has filed a lawsuit against Sears for breach of contract and trademark infringement for its new Craftsman Ultimate Collection.

A report from Leichtman Research Group, Inc. reveals top pay-TV services lost 3.1 percent of their subscribers last year.

Zuckerberg promises a more "privacy-focused" revamp of Facebook this time around.

Amazon is ending its experiment with Pop-Up stores and is going all-in on Amazon 4-Star.

The federal government and Democrats have serious misgivings about the proposed merger between T-Mobile and Sprint.

Blockbuster now only has one store remaining after a number of locations closed following the chain's bankruptcy filing.

In an effort to save fans money and keep itself in good standing, Nintendo is asking mobile partners to reduce costs on mobile games.

Dollar Tree announced that it will closing as many as 390 Family Dollar stores in fiscal 2019 as part of its store optimization program.

Abercrombie & Fitch Co. announced that it will be closing at least 40 more stores by February 2020 as it looks to revamp its brand.

Jeans company Diesel USA filed for Chapter 11 bankruptcy on Tuesday as a result of slumping sales, lease costs, and growing losses.

The Forbes list of world’s top 10 billionaires is out. It shows a steep decline in the wealth of Facebook CEO Mark Zuckerberg who is at the eighth position now.

Investment bank Goldman Sachs will go casual in the workplace as far as dress code is concerned. In a major decision, the bank announced its plan to do away with the conventional, stuffy, dress code and allow casuals in the workplace to motivate the millennial workforce.

Italy will soon join China's Belt and Road Initiative. According to a report by The Financial Times, the European country will sign a memorandum of understanding to become a part of the program when President Xi Jinping visits Italy.

Whole Foods Market will sell weed, says it's founder, but the product's got to be legal first.

The Bugatti La Voiture Noire, the most expensive car of all time, is sold for some $19 million to Austria's richest citizen.

Tesla Model 3 electric sedans are rolling-out of shanghai port after having been delayed by a paperwork error.

A new contest sponsored by JetBlue wants contestants to delete their Instagram photos without giving a reason why.

Investor Barington Capital Group has several recommendations for L Brands, the company behind the Victoria's Secret and Bath & Body Works brands.

The former boss of Nissan Motor Corporation, Carlos Ghosn, finally got bail on Tuesday from a Tokyo court. In jail for the past three months, Ghosn faces a slew of charges including financial misconduct. But he refutes any wrongdoing and claims he was framed.