Business articles

Ruinous Texas floods test Trump’s leadership

The floodwaters deluging Houston — America’s fourth largest city and a major global oil hub — also present Donald Trump with a significant long-term test of his presidential leadership.

Former GE boss drops out of Uber CEO hunt

Former GE CEO Jeff Immelt, whose name was on the shortlist to replace ousted Travis Kalanick at Uber, on Sunday removed himself from the running for the top job at the ride-hailing giant.

At Jackson Hole, Yellen defends post-crisis regulations

Federal Reserve Chair Janet Yellen on Friday defended regulations adopted after the 2008 financial meltdown, saying they promoted stability and growth, effectively rebutting White House calls for a roll-back.

Samsung eyes reset with new Galaxy Note

Samsung on Wednesday unveiled a new model of its Galaxy Note as it seeks to leave behind the debacle over exploding batteries in the previous generation of the device, and mount a renewed challenge to Apple and its soon-to-come iPhone 8.
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