GM Making Money

November, 5, 2018|

GM Profit Jumps

General Motors Co. reported surprisingly strong third-quarter profits Wednesday, as it also said it offered buyouts to thousands of salaried workers to cut costs amid slowing sales in the global car business. The No. 1 U.S. auto maker by sales reported a 25% jump in its third-quarter operating profit...

Apple Guides Lower

November, 2, 2018|

Apple’s Mixed Results

Apple Inc. reported its fourth consecutive quarter of record revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever. But the world’s most valuable company offered guidance for the current period that disappointed many investors and said it would stop reporting unit sales for its products...

GE Cuts Dividend

October, 31, 2018|

More Trouble for GE

General Electric Co.’s troubles came into sharper relief on Tuesday—and the need to salvage the conglomerate took on new urgency—after it revealed federal prosecutors had opened a criminal accounting probe and GE slashed its dividend to a token amount...

China Standoff

October, 30, 2018|

U.S. to Restrict Chip Business with China

The U.S. has raised the stakes in a battle with Beijing over intellectual property by restricting American firms from doing business with a state-owned Chinese chip maker that Micron Technology Inc. has accused of stealing its secrets...

Megyn Kelly Gone

October, 26, 2018|

Megan Kelly Out at NBC

Megan Kelly and NBC News have begun exit negotiations, signaling that the star anchor’s brief tenure at the network is likely coming to an end...

Surprise! Tesla Has Profits

October, 25, 2018|

Tesla Posts Surprising Profit

Tesla Inc. reported a record quarterly profit as increased output of its Model 3 sedan ended a seven-quarter stretch of red ink for the electric-car maker, defying Wall Street expectations and giving embattled Chief Executive Elon Musk renewed credibility...

Fake News

October, 22, 2018|

Facebook on Fake News

At Facebook Inc. headquarters in Silicon Valley this week, engineers and researchers huddled around computers in a newly configured “war room” to fight misinformation ahead of the midterms...

Constellation Brands Change at the Top

October, 18, 2018|

Constellation Brand CEO Steps Down

Rob Sands, the CEO of Corona maker Constellation Brands, is stepping down. He will hand over the reins to the company's president and chief operating officer, Bill Newlands, in March...