Business

Amazon needs no introduction. It's one of the world's most valuable companies. It holds commanding positions in various end markets, with a corporate strategy that centers on always chasing massive opportunities. This playbook has worked wonders.If you'd bought $10,000 worth of this "Magnificent Seven" stock 10 years ago, here's how much your position would be worth today.Amazon shares are up 493% in the past decade (as of Oct. 2). That's […]

The Walt Disney Company has acquired Yamaha Motor Corp.'s longtime Southern California headquarters for about $115 million as the Japanese manufacturer prepares to relocate its remaining U.S. headquarters operations to Georgia.Walt Disney Parks and Resorts U.S. Inc. purchased the roughly 25-acre property at 6555 Katella Ave. in Cypress, California, in a transaction that closed Sept. 23, according to property records cited by the Orange County Business Journal. Transfer tax information […]

Honda Motor is preparing to test technology on a highway that can wirelessly charge electric vehicles, including large commercial trucks, while they are moving.Honda R&D, the automaker's research and development subsidiary, developed the underlying technology with construction companies Taisei Corporation and Taisei Rotec Corporation, according to a Honda announcement Monday.The system uses power-transmitting units embedded in the road and a receiver installed on the vehicle, allowing electricity to be transferred […]

Chick-fil-A is bucking a growing fast-food industry trend, with CEO Andrew Cathy saying the chicken chain does not plan to use artificial intelligence to take customers' drive-thru orders.While Chick-fil-A is exploring potential uses for AI behind the scenes, Cathy told CNBC that the company wants to preserve human interaction in its drive-thru lanes even as competitors increasingly experiment with automated ordering technology."From our experience, we really want that hospitality to […]

President Donald Trump’s escalating trade war with Canada is raising fresh concerns in battleground states ahead of the November midterms.The U.S. and Canada have imposed tariffs on billions of dollars’ worth of goods, while Washington has also banned nearly $1 billion in Canadian imports, including alcohol, dairy products and motorcycles.The latest measures took effect Sept. 29 as negotiations remain unresolved.Trump says the tariffs will bring manufacturing back to the United […]

Tropical Smoothie Cafe CEO Max Wetzel told FOX Business that one leadership habit has been critical as the fast-casual chain has grown to nearly 1,800 locations."We spend a lot of time listening and learning before we lead and decide," Wetzel said. "And I say ‘we’ because certainly it's myself, but it's our whole leadership team."Wetzel said the company's leadership team stays close to the business by regularly talking with franchisees, […]

More than 500,000 Walgreens-branded eye-drop products are being recalled over sterility concerns as part of a broader recall involving nearly 750,000 eye-care products.Sterling Pharmaceutical Services LLC, based in Dupo, Illinois, initiated the recall on Aug. 20 because of a "lack of assurance of sterility," according to a U.S. Food and Drug Administration (FDA) enforcement report.The FDA classified the recall as Class II on Sept. 21. The designation means use of […]

Chip City, the New York-born cookie chain that expanded rapidly in recent years with backing from a prominent hospitality investment firm, has closed all of its locations nationwide."Despite extensive efforts to stabilize our business in the face of significant macroeconomic headwinds, we have made the very difficult decision to close all of our Chip City locations. We are grateful to our dedicated employees and loyal customers who have supported us […]

A Chilean fruit supplier has expanded a recall of its frozen organic berries, which were sold in Walmarts and Trader Joe's stores across the United States.The products, made by Frutas y Hortalizas del Sur S.A., were linked to an E. coli outbreak that infected 17 people and hospitalized six in Florida and Georgia, according to the Centers for Disease Control and Prevention (CDC). There were no reported deaths.The company updated […]