Business

The Securities and Exchange Commission is investigating a private-equity firm backed by several ultrarich U.S. families after receiving complaints that its owner was using investor funds to cover personal expenses, documents show.

BlackRock Inc. BLK -0.10% is pulling some $2 trillion of assets out of State Street Corp.’s STT -2.29% safekeeping, a move that will reduce the investing firm’s reliance on a small number of parties and lower the fees it pays for back-office work.

The owners of San Francisco restaurant Hilda and Jesse, are now apologizing after denying service to three uniformed police officers who were on-duty.

House Speaker Nancy Pelosi (D-Calif.) went on the defensive this week when asked by FOX Business about preventing slave labor in China.

The White House is encouraging Americans to shop Small Business Saturday after the coronavirus pandemic has brought on nearly two years of hardship for local businesses.

Levi Strauss & Co. offered its employees a counseling session with a 'racial trauma specialist' to deal with the acquittal of Kyle Rittenhouse, the company confirmed to FOX Business on Wednesday.

Peter Buck who co-founded Subway in 1965 and watched it grow into a worldwide franchise, has died at the age of 90, the company said in a statement.

For the first time in her criminal-fraud trial, Elizabeth Holmes on Tuesday took aim at the most serious allegations made against her by prosecutors, offering a narrative of herself as a well-intentioned if inexperienced entrepreneur who had some success in her effort to transform health care.

Two former Netflix employees who criticized anti-transgender comments on Dave Chappelle’s TV special are dropping labor complaints and one has resigned from the company, it was announced Monday.

Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic.tgt

Activision Blizzard Chief Executive Bobby Kotick has told senior managers he would consider leaving the company if he can’t quickly fix the culture problems at the videogame giant, according to people familiar with his comments.

A Southern California man was sentenced to three years in federal prison for operating an unlicensed business that exchanged at least $13 million in Bitcoin and cash, the U.S. Attorney’s Office said.

Year-end tax planning always matters, but new or temporary tax-code changes make it different this year.

Nurses are winning raises worth thousands of dollars a year from hospitals, the latest employer reckoning with a tight labor market.

GetGo gas station employee in Pennsylvania abruptly quit, leaving only a note on the door of the store.

Home Depot Inc.’s results were better than expected in the latest quarter, a sign that the home-improvement retailer could be avoiding the worst effects of the supply chain snarls reverberating across the economy.

Wynn Resorts Ltd CEO Matt Maddox will step down at the end of January and hand over the reins to executive Craig Billings

Biogen said it is investigating the recent death of a 75-year-old patient who had taken the company’s new Alzheimer’s drug Aduhelm.

Weeks after announcing the decision to move to East Tennessee, officials with Smith & Wesson broke ground on their future home Friday.

Earlier this year, Amazon handily defeated a historic union drive at a warehouse in Bessemer, Alabama. But with the prospect of another vote looming, the online retailer is leaving nothing to chance.