Divorce for World’s Richest Man

January, 10, 2019|

Bezos to Divorce

Jeff Bezos and his wife, MacKenzie, are getting a divorce after 25 years of marriage, according to a joint statement put out Wednesday on the Amazon CEO's Twitter account. "After a long period of loving exploration and trial separation, we have decided to divorce...

Bristol-Myers Goes After Celgene

January, 4, 2019|

Bristol-Myers to Buy Celgene

Bristol-Myers Squibb is making a $74 billion bet — and investors aren't pleased. The New York-based pharmaceutical giant on Thursday said it would acquire Celgene, a Summit, New Jersey-based cancer drug company, in a cash and stock deal valued at $74 billion...

It’s a Rotten AAPL

January, 3, 2019|

Apple’s Stock Plunges

Apple had some news for investors to ring in 2019, only it wasn’t good. The company’s revenue this quarter will be significantly lower than it had previously indicated, thanks largely to a slowdown in China sales. Apple’s shares were halted after the stock market closed Wednesday...

Drug Prices Going Up

January, 2, 2019|

Drug makers Raise Prices

Pharmaceutical companies are ringing in the new year by raising the price of hundreds of drugs, with Allergan PLC setting the pace with increases of nearly 10% on more than two dozen products...

Nissan’s Ghosn Finds More Trouble

December, 28, 2018|

New Allegations Against Ghosn

The latest investigation by Tokyo prosecutors into Nissan Motor Co.’s Carlos Ghosn centers on his relationship with a Saudi Arabian businessman, Khaled Al Juffali, who runs part of Nissan’s Middle East business...

Superhero Movies Produce Record Year at Box Office

December, 27, 2018|

2018 Box Office Review

“Black Panther” and other Disney superheroes powered Hollywood to a record year at the box office, which is expected to finish 2018 with ticket sales up about 6% from last year’s returns. At the current pace, the U.S. and Canadian box office will end the year with returns of around $11.8 billion...

Retail Sales Explode

December, 26, 2018|

Strong Retail Sales

Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data. Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier...

Say Goodbye to Mad Dog

December, 21, 2018|

Mattis to Resign

Defense Secretary Jim Mattis resigned Thursday after clashing with President Donald Trump over the abrupt withdrawal of U.S. troops from Syria and after two years of deep disagreements over America’s role in the world...