XML US Business News

Sotheby's to Auction $500 Million Taubman Art Collection

published about 2 hours ago
Sotheby's to Auction $500 Million Taubman Art Collection
The art market is revving into high gear. A day after Christie’s said it planned to sell a $100 million painting by Modigliani this fall, rival Sotheby’s countered by saying it has won the right to auction off the $500 million art collection of its former chairman and owner A. Alfred Taubman.

Kraft Heinz Expands Voluntary Recall of Kraft Singles

published about 2 hours ago
Kraft Heinz Expands Voluntary Recall of Kraft Singles
Kraft Heinz Co. has expanded a voluntary recall of Kraft Singles cheese slices following two additional choking complaints, the company said Thursday.

Why a Web company with four employees is suing Waze

published about 2 hours ago
Five years ago, Joe Scott Seyoum, the founder of a tiny digital map company in Washington, D.C., said he received an offer from a hot new navigation app in Israel. Waze, in its early stages, wanted to trade databases, Seyoum recalled. His business PhantomAlert could offer their developers a valuable glimpse at American roads.Read full article >>

Volkswagen CFO Nominated as Board Chairman

published about 3 hours ago
Volkswagen CFO Nominated as Board Chairman
The largest shareholder of European’s biggest auto maker nominated the company’s finance chief to become the next chairman of the VW supervisory board.

U.S. West Coast Ports Lost Cargo Shipping Share in July

published about 4 hours ago
U.S. West Coast Ports Lost Cargo Shipping Share in July
New trade data suggests the continuing impact of labor strife that pulled container imports from the ports earlier this year.