BUSINESS

Verizon Media will be laying off 7 percent of its media divisions staff, including workers at HuffPost, Gannet, and Buzzfeed.

PG&E received news from Cal Fire that it was cleared of all liability for the 2017 Tubbs wildfire in California.

The stock markets in Europe and Asia showed buoyancy Friday as positive sentiments flowing from strong earnings of U.S. tech firms doused investor worries about a slowing global economy and trade war.

Gold prices surged Friday as the prolonged U.S. government shutdown seemed to have raised investor concerns on global growth, making them look at precious metals.

The labor department said initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 199,000 for the week ended Jan. 19 -- the lowest since mid-November in 1969.

Even as the two countries continue negotiations to end the trade war set off by President Donald Trump, China imported a lot more crude oil from Russia than it did from the United States.

Philip Morris will not be investing in cannabis at this time as it looks to develop and produce smoke-free tobacco products.

A senior Trump administration official has warned of serious damage to economic growth in the first three months of 2019 if no solution comes up for ending the government shutdown and funding collapse.

General Mills has recalled its Gold Medal Unbleached Flour for possible Salmonella contamination.

iPhone maker Apple’s sacking of more than 200 employees in the autonomous vehicle research unit has set off speculations that new strategic diversifications are in the offing.

YouTube announced that it will offer its live streaming TV service to 90 markets, covering 98 percent of households across the nation.

Hulu has dropped the price of its most popular streaming service plan to $5.99.

Erin Brockovich took to the State Capital to show her support of the California wildfire victims amid PG&E's bankruptcy plans.

Torrent Pharmaceuticals has expanded its recall of Losartan to include six additional lots of Losartan potassium and hydrochlorothiazide tablets.

Prinston Pharmaceutical Inc., dba Solco Healthcare LLC, has recalled lots of Irbesartan and Irbesartan HCTZ blood pressure tablets for a possible cancer-causing impurity. 

PG&E has secured $5.5 billion in financing from four banks to fund its Chapter 11 bankruptcy filing.

Toyota and Panasonic have entered into a joint venture to produce EV batteries together.

Tesla announced Friday that it would be cutting 7 percent of its full-time workforce.

Netflix has released its fourth-quarter earnings report, showing that it increased its subscriber base by 8.8 million new members.

The direct and indirect economic effects will become meaningful if the shutdown continues, and the market’s benign assessment will have a downward risk, economists tell International Business Times.

Ford has confirmed that it will produce an all-electric F-Series pickup truck to help better compete in the global markets.

Parent company Helios & Matheson has filed a confidential SEC filing to set the wheels in motion to spin off MoviePass into its own business unit.

Shopko has announced that it filed Chapter 11 bankruptcy on Wednesday and will close 38 of its store locations.

PG&E announced that it would be filing for Chapter 11 bankruptcy protection in the wake of liability for the 2017 and 2018 Northern California wildfires.

Chairman Eddie Lampbert's bid to save Sears from liquidation was accepted in the wee hours of Wednesday morning for nearly $5.2 billion.

Gillette has launched a new commercial that questions that behavior of men in light of the #MeToo movement, creating controversy on social media.

Ford and Volkswagen have announced an alliance to develop and build medium-duty pickup trucks and commercial vans for the global markets, beginning in 2022.

Netflix will raise the price of its streaming services for its millions of U.S. subscribers over the next three months.

Gymboree may file for bankruptcy and close the majority of its 900 store locations.