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Top News: Business

Swank New York bistro kept servers' tips; paying 500k settlement

New York - Critically acclaimed Manhattan restaurant Per Se will fork over $500,000 to settle claims it pocketed tips meant for employees who worked at private-dining events.

Aetna is going to buy Humana for $37 billion

Atena, a health insurer, announced on Friday that it was going to buy Humana Inc. for around $37 billion, which will be the largest deal in the insurance industry.

Panic in Chinese market; stocks lose $2.8 trillion in value

The Shanghai Composite index took another plunge on Friday by 5.8 percent. The stock market fall since its peak on June 12 ends China's longest bull market in history.

Big pharma company makes major purchase

Major pharmaceutical company Novartis has announced that it will take over the privately held Australian and U.S. company Spinifex Pharmaceuticals. This represents further diversification of Novartis’ portfolio.

New way of paying with your face being tested by MasterCard

Recently, MasterCard announced that it wants to add a layer of biometric security to its credit cards and all their customers have to do is take a selfie.

Hackers hit Donald Trump hotels with major credit card breach

While Donald Trump is making news for inflammatory political comments, there is a security breach in several of the real estate mogul's hotels. Hackers have pried access to credit card information and several hotels are potentially affected.

Whole Foods to customers: Sorry we repeatedly overcharged you

Whole Foods CEOs Walter Robb and John Mackey admitted the supermarket giant had routinely overcharged customers and apologized for the costly errors.

Brazil targets 15 banks in forex fixing probe

Bras - Brazil's antitrust body announced a probe into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC.

Uber suspends controversial UberPOP service in France

Paris - After a spate of violent protests and the arrest of two bosses, Uber finally suspended its controversial low-cost UberPOP private driver service in France on Friday, six months after it was banned.

Canadian dollar drops below 80 cents U.S.

Ottawa - A Reuters poll predicted that the loonie, or Canadian dollar, is likely to decline even further in the coming months. The weakness of the dollar is tied to low oil prices and weak economic outlook for the near future.

'Grexit' or not, Greece will find kicking euro habit hard

Paris - No matter what the political outcome of the current Greek debt crisis, in practical terms Greece will find it very difficult to turn its back on the euro.

Pope backs Greeks in euro crisis, says human dignity vital

Vatican City - Pope Francis on Wednesday voiced his support for the Greek people and called for human dignity to be placed at the centre of talks on the country's future in the eurozone.

Netflix could overtake traditional media in viewership by 2016

Netflix looks set to overtake ABC, Fox, CBS, and NBC in terms of 24 hour audience by the end of the year. If Netflix achieves this goal, it'll mark a major milestone for a company that cable giants once seemed to think of as an afterthought.

Greece confirms sent 'amended' proposal to creditors

Atenas - The Greek government confirmed Wednesday it had sent an "amended" proposal to its international creditors in the hope of sealing a deal to stave off financial ruin.

Puerto Rico debt problems could set off crisis in the U.S.

Puerto Rico's governor says the country cannot pay the $70 million in debt, which sets the stage for a potential financial crisis in the United States.

Almost 10,000 thronged to Plainridge Park Casino on opening night

The state of Massachusetts has officially entered a brand new era of legalized gambling. Plainridge Park Casino is the first gambling venue to start operations in the state under a 2011 law.

Graham Rahal prevails in an accident-filled 2015 MAVTV 500

It was an exciting race. It was not a pretty race. But as Graham Rahal celebrated his first racing victory since 2008 at the 2015 MAVTV 500, it was clear that he had driven hard to reach this point.

Massachusetts home care workers win $15/hr starting wage

Home care workers in Massachusetts have won an increase in minimum pay to $15 per hour. The pay increase, which took months of negotiation, will help the state's 35,000 personal care attendants.

Europe rejects Greek bailout extension after referendum shock

Brussels - Greece hurtled towards default and a possible euro exit Saturday after Europe responded to the leftist government's announcement of a surprise referendum by refusing to extend Athens's desperately needed bailout.
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