Finance

When the Robina Foundation was created in 2004 with $150 million, it had an unusual mandate: Spend all the money within 20 years. Family foundations are typically created to establish a philanthropic legacy that can span generations. But James H. Binger, the former chief executive of Honeywell who married into the family that started the […]

An Indonesian official says SoftBank is offering to invest $30 billion to $40 billion in the development of a new Indonesian capital on Borneo island By EDNA TARIGAN Associated Press January 17, 2020, 11:29 AM 3 min read JAKARTA, Indonesia — Japan’s SoftBank is offering to invest $30 billion to $40 billion in the development

The legal team of Nissan’s former chairman Carlos Ghosn has issued a statement refuting the latest allegations by the Japanese automaker against the fugitive executive By YURI KAGEYAMA AP Business Writer January 17, 2020, 9:56 AM 2 min read TOKYO — The legal team of Nissan’s former chairman Carlos Ghosn issued a statement Friday refuting

DETROIT — Starbucks has a point to prove: There’s more to the company than selling $4 lattes to rich people. The Seattle-based coffee giant that has cultivated a reputation for being socially responsible said Thursday it is expanding its effort to put more coffee shops — and create more jobs — in poor neighborhoods. Starbucks

Police say a pickup truck has slammed into an Illinois Starbucks, injuring five people and causing massive damage to the coffee shop January 17, 2020, 5:52 AM 1 min read McHENRY, Ill. — A pickup truck slammed into an Illinois Starbucks on Thursday, injuring several people and causing massive damage to the coffee shop, police

China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said an interim U.S.-Chinese trade deal might help to revive consumer and business activity By JOE McDONALD AP Business Writer January 17, 2020, 3:36 AM 4 min read BEIJING — China’s economic growth sank

A federal judge is threatening to force Pacific Gas & Electric to hire more tree trimmers to reduce the chances of its electrical grid igniting fires in Northern California By MICHAEL LIEDTKE AP Business Writer January 17, 2020, 1:21 AM 3 min read SAN FRANCISCO — A federal judge on Thursday threatened to force Pacific

WASHINGTON — President Trump on Thursday said he would formally nominate Judy Shelton and Christopher Waller to the Federal Reserve’s Board of Governors, about six months after Mr. Trump said he intended to add the two to the central bank. Ms. Shelton, a critic of the Fed who has long supported backing the dollar with

BOSTON — A computer security expert says he found that a forensic image of the election server central to a legal battle over the integrity of Georgia elections showed signs that the original server was hacked. The server was left exposed to the open internet for at least six months, a problem the same expert

HONG KONG — China’s factories are beginning to hum again. Its consumers are opening their wallets. Its trade tensions with the United States are easing. On paper, the world’s second-largest economy looks as if it may be shrugging off its worst slowdown in nearly three decades. China is widely expected to report economic growth figures