Business & Finance News
General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state of Massachusetts.
Warren Buffett’s Berkshire Hathaway Inc said on Thursday it has trimmed its stake in iPhone maker Apple Inc, which is its largest stock investment, and added positions in SunCor Energy Inc and Red Hat Inc.
Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.
CBS Corp on Thursday reported fourth-quarter revenue below analysts’ estimates due to a drop in content licensing and distribution sales, sending its shares down nearly 3 percent in after market trading.
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns.
U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, people familiar with the matter said on Thursday.
Billionaire Vincent Bollore will further withdraw from Vivendi’s management at a crucial time for the French media giant, which is struggling in Italy and is weighing the sale of Universal Music Group (UMG).
The average U.S. tax refund under President Donald Trump’s tax overhaul is down nearly 9 percent so far in this year’s tax filing season, according to Internal Revenue Service data released on Thursday.
Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley giants like Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.
General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state.
Wall Street struggled to reverse early losses on Thursday as an unexpected drop in retail sales dampened investor hopes for progress at the ongoing U.S.-China trade talks in Beijing.
Ford Motor Co Chief Financial Officer Bob Shanks plans to retire and is expected to stay through the end of the year, CNBC reported on Thursday, citing sources.
Ford Motor Co Chief Financial Officer Bob Shanks plans to retire and is expected to stay through the end of the year, CNBC reported on Thursday, citing sources.
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
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