Company

admin October 3, 2018

Toys “R” Us may be coming back. The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company’s remaining assets are looking into restarting the business, as well as the related Babies “R” Us brand, the company disclosed in a court filing this week. […]

admin October 3, 2018

Kevin Hassett, one of President Donald Trump’s top economic advisers, suggested that Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections. The Goldman Sachs economics team “almost at times looks like the Democratic opposition,” Hassett told CNN’s Poppy Harlow on Tuesday. The comment came after Harlow asked Hassett […]

admin October 3, 2018

Jill Soltau, a veteran retail leader most recently in charge of Joann fabric and craft stores, will be tasked with turning around JCPenney. The company announced on Tuesday that Soltau will take over as its chief executive beginning on October 15. JCPenney has been leaderless since Marvin Ellison left in May to take the top […]

admin October 2, 2018

New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he’s inheriting. Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s and Fitch warned they could do the same. All three ratings firms cited GE’s elevated leverage […]

admin October 2, 2018

Beth Ford’s first job paid $2 an hour. Early in the morning, she climbed on the school bus to go detassel corn, joining other kids in Sioux City, Iowa, who did it as a summer job. “Back then, two dollars an hour, that was real money,” Ford tells CNN’s Poppy Harlow in the latest episode […]

admin October 1, 2018

General Electric is turning to an outsider to clean up a mess that took decades to create. Larry Culp, 55, is a proven leader known for his hands-on approach. He received a hero’s welcome from Wall Street on Monday after suddenly being installed as GE’s new boss. GE’s (GE) beaten-down share price spiked 10%. Culp, […]

admin October 1, 2018

General Electric, mired in a deep slump, has ousted CEO John Flannery after barely a year on the job. Flannery is being replaced by Larry Culp, a respected outsider who formerly led the industrial manufacturing company Danaher (DHR). GE installed Thomas Horton, the former CEO of American Airlines (AAL), as its lead director. Both changes […]

admin September 30, 2018

1. Back to business: The SEC is off Elon Musk’s back. Now he and Tesla can return to that other pesky problem — making and selling cars. Tesla will turn in a critical production report on Tuesday that will show investors whether the company can sustain and surpass its long-promised target of building 5,000 Model […]

admin September 29, 2018

Elon Musk is the heart and soul of Tesla. If the SEC gets its way, he could have to step down. The SEC filed a lawsuit on Thursday that accused Musk of making “false and misleading” statements about a plan to take Tesla private. The real shocker is the SEC wants a judge to bar […]

admin September 29, 2018

BlackBerry’s transformation from struggling smartphone company into a burgeoning leader in cybersecurity software and connected cars is on track. The company now generates more than 90% of its total revenue from software and services. And 81% of those sales are recurring. In other words, BlackBerry is no longer subject to the fickle tastes of consumers […]