Company

admin September 29, 2018

JCPenney’s CEO left in May. Now its second in command is out too. Penney said Thursday that Jeffrey Davis, the company’s chief financial officer, was resigning 14 months after taking the job. Jerry Murray, a top executive, will take over as the interim finance chief. Davis’ departure marked another sign of trouble at JCPenney (JCP). […]

admin September 28, 2018

The longest bull market in history shows no signs of letting up. The S&P 500 has soared more than 7% in the third quarter, which ends on Friday. That’s the strongest quarter for the broad index since the end of 2013. The Dow has spiked more than 2,100 points, or 9%. All three major indexes […]

admin September 28, 2018

Cadillac is coming home to Michigan. Four years ago, GM announced it would move the headquarters for its luxury brand to the trendy SoHo neighborhood of New York City, and it set up the division as a “separate business unit.” This week, GM said it will move the headquarters back to suburban Detroit near GM’s […]

admin September 28, 2018

September is historically the worst month for stocks. And you’ve probably read your fair share of stories about the darkest September of all — the financial meltdown in 2008. But if you sat out the market this month, you missed a decent rally. With trading for September set to end on Friday, the Dow is […]

admin September 28, 2018

Elon Musk has tweeted himself into serious trouble. The Securities and Exchange Commission sued Tesla’s CEO on Thursday for making “false and misleading” statements to investors. It’s asking a federal judge to prevent Musk from serving as an officer or a director of a public company, among other penalties. The complaint hinges on a tweet […]

admin September 27, 2018

Bed Bath & Beyond is calling for backup. The struggling retailer said Wednesday that it was bringing on two top management consulting firms to help it cut costs and improve its merchandise. CEO Steven Temares did not name the firms. The housewares retailer needs help. Shares of Bed Bath & Beyond (BBBY) plunged nearly 25% […]

admin September 27, 2018

General Electric, once America’s most valuable company, is now in sharp decline. In a year full of dubious landmarks, GE has encountered another: The storied conglomerate is now worth less than $100 billion. That hasn’t happened since March 2009 — during the Great Recession. GE’s (GE) stock crash — down by nearly two-thirds since the […]

admin September 26, 2018

SurveyMonkey’s stock rose sharply in its stock market debut Wednesday, and that’s good news for Sheryl Sandberg’s charitable organization. Sandberg, the chief operating officer of Facebook, pledged earlier this year to donate the proceeds from the IPO of SurveyMonkey’s parent company, SVMK. SurveyMonkey (SVMK) shares opened for trading at $18.75 — a 56% increase over […]

admin September 26, 2018

Tinder is allowing Indian women to really control the conversation. The dating app announced a new feature called My Move on Tuesday that gives women the option to prevent men from initiating a conversation — even if they’ve “matched.” The optional feature is currently only available to women using Apple’s iOS operating system in India, […]