CNBC News

Businessman Oleg Deripaska, who is known as an ally of Russian President Vladimir Putin, is suing the U.S. Treasury Department to lift sanctions imposed on him, a court filing revealed Friday. Derpiaska’s lawsuit demands that his name be removed from a list of sanctioned individuals, and that the Treasury’s Office […]

Uber is reaching for a lofty valuation in its upcoming initial public offering. An expected $120 billion valuation for the ride-hailing company would make it more valuable than 3M, 21st Century Fox, Nvidia and other established names that have been raking in profits for years. The 12-figure price-tag is a […]

(This article is adapted from a forthcoming book, “Cult of the Dead Cow: How the Original Hacking Supergroup Might Just Save the World” by Joseph Menn) Some things you might know about Beto O’Rourke, the former Texas congressman who just entered the race for president: The Democratic contender raised a […]

Flight-booking site Kayak rolled out a new search feature Friday that allows users to exclude specific plane models from their options, following Sunday’s deadly crash of a Boeing 737 Max 8 jet in Ethiopia. Passengers don’t need to worry about flying in 737 Max models now, because the Federal Aviation […]

Google Maps has an experimental new feature on iPhone and Android that shows you exactly where to walk when trying to get to a destination. While it’s fine on a phone, it’s more interesting as a vision of the future. It shows one way augmented reality glasses — which superimpose […]

Ford is cutting 5,000 jobs in Germany and more in the U.K. as part of an effort to reduce costs in Europe, the company said Friday. The automaker offered voluntary separation packages for employees in Germany and the U.K. to help accelerate its plan to improve performance in the region, […]

Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by […]

American Airlines on Friday suspended flights to and from Venezuela amid unrest, further isolating the South American country. American’s pilot union earlier on Friday said it told its members to refuse any trips to the country after the State Department told U.S. citizens to leave the country. It also pulled […]

Amazon is testing a new way to bolster its relationship with start-ups and possibly bring in more capital to the ecosystem. The fledgling effort, known as the Amazon Web Services Pro-Rata Program, is designed to link private investors with companies that use AWS, as well as venture funds whose portfolios […]

Apple is entering the streaming wars and it’s hoping to take home several gold statues for its troubles. According to a report from Bloomberg, Apple’s new streaming service, due to be revealed on March 25, has lofty goals for its television programs and feature films. The Cupertino, California-based tech giant […]