Company

admin June 27, 2018

American companies operating in China are likely to find themselves in the firing line as the trade fight between Washington and Beijing intensifies. But making life difficult for big US brands could bring painful consequences for Chinese industries, too, experts say. The Chinese government has a track record of disrupting the businesses of companies from […]

admin June 27, 2018

The Federal Reserve is raising interest rates, and that’s led some to worry that mortgage rates will spike and put an end to the housing boom in the United States. Not so fast, according to the head of a big homebuilder. Stuart Miller, executive chairman of Miami-based builder Lennar, said Tuesday that “concerns about rising […]

admin June 26, 2018

Starbucks wants to be the place you pick up your coffee and go, but also the place where you order and stay. Competitors like Dunkin’ Donuts (DNKN) have been focused on getting you in and out faster, pouring funds into drive-thrus, digital kiosks and bottled iced coffees. Starbucks is embracing these concepts, too. CEO Kevin […]

admin June 26, 2018

The quickly shrinking General Electric is on the verge of getting much smaller. Cash-strapped GE (GE) revealed plans on Tuesday to spin off its health care business and sell its stake in oil and gas company Baker Hughes (BHGE). GE plans to use the proceeds to pay down a mountain of debt accumulated from years […]

admin June 26, 2018

Waiter, there’s some Velveeta and ketchup in my soup!? Shares of Campbell Soup rose more than 10% Monday following a report in the New York Post that said Kraft Heinz is “very interested” in trying to buy the company. Food giant General Mills was also cited by the New York Post as a possible suitor. […]

admin June 26, 2018

General Electric is turning out the lights on part of its embattled power division. GE unveiled a $3.25 billion deal on Monday to sell its distributed power business, which makes gas engines that are used to generate electricity in remote places. The sale, to the private equity firm Advent International, includes GE’s Jenbacher and Waukesha […]

admin June 25, 2018

McDonald’s and Starbucks have been caught in a crackdown on plastics in India. The restaurant chains were among dozens of companies hit with fines in Maharashtra state — India’s second-largest with a population of more than 100 million — at the weekend, a government official said. The ban on single-use plastic items including shopping bags, […]

admin June 25, 2018

So much for this being a rough year for Facebook. Sure, the company has had to deal with the Cambridge Analytica data breach, accusations about Russia using Facebook ads to help influence elections and concerns about slowing user growth. Mark Zuckerberg is having the last laugh. Facebook’s stock (FB) just hit a record high on […]

admin June 25, 2018

Tesla Wednesday sued an ex-employee accused of hacking its manufacturing operating system and stealing company data. But that ex-employee is fighting back, saying he’s being targeted by Tesla for trying to bring problems at the company to light. “I am being singled out for being a whistleblower. I didn’t hack into system. The data I […]