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General Electric Cutting Dividend in Half

General Electric Cutting Dividend in Half

General Electric is cutting its dividend in half.

Published 7 months ago

Bank Bonuses May Turn Higher This Year

Bank Bonuses May Turn Higher This Year

For the first time in four years, year-end bonuses for bankers in 2017 are set to grow over the prior year, according to consulting firm Johnson Associates.

Published 7 months ago

Citigroup’s Credit-Card Growth Plans Hit a Snag

Citigroup’s Credit-Card Growth Plans Hit a Snag

One of the bright spots in Citigroup’s turnaround strategy is starting to lose a little luster. Some cracks in its card business have emerged, just as CEO Michael Corbat has been shoring up the bank’s other issues.

Published 7 months ago

Bitcoin Plunges More Than 25% in Four Days

Bitcoin Plunges More Than 25% in Four Days

The booming bull market for bitcoin has hit another speed bump. Bitcoin slumped more than 25% in recent days, falling below $6,000 after touching a record high just shy of $7,900 last week.

Published 7 months ago

GE’s New Chief Sets Focus on Three Key Units

GE’s New Chief Sets Focus on Three Key Units

General Electric’s new leader plans to unveil a road map for the conglomerate that will focus on three of its biggest business lines, but stops short of a breakup.

Published 7 months ago

First Baptist Church in Sutherland, Texas Reopens as a Memorial to Victims

First Baptist Church in Sutherland, Texas Reopens as a Memorial to Victims

One week after the shootings at the First Baptist Church in Sutherland Springs, Texas, it was reborn as a stark, but powerful memorial to the dead.

Published 7 months ago

Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP

Brookfield Property Makes $14.8 Billion Offer to Acquire Remainder of GGP

Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own, according to people familiar with the matter.

Published 7 months ago

Polish Leaders Condemn Nationalist March

Polish Leaders Condemn Nationalist March

Polish government leaders condemned two self-described radical nationalist groups seeking an ethnically and religiously pure country that organized an Independence Day event attracting tens of thousands of people.

Published 7 months ago

Uber’s Kalanick, Shareholder Settle Feud, Clearing Way for SoftBank Deal

Uber’s Kalanick, Shareholder Settle Feud, Clearing Way for SoftBank Deal

Uber’s former chief executive reached an agreement with investor Benchmark over voting provisions and a continuing lawsuit, clearing the way for SoftBank Group to proceed with a multibillion investment in the ride-hailing giant.

Published 7 months ago

GOP Bills Remove Some of the Tax Code’s Complexities

GOP Bills Remove Some of the Tax Code’s Complexities

The Republican tax plans mark a step toward a simpler tax system, as the GOP has promised. Fewer filers would itemize, which could save time but also cost some of them more.

Published 7 months ago

Now Featured on Wal-Mart’s Website: Higher Prices

Now Featured on Wal-Mart’s Website: Higher Prices

Wal-Mart wants to charge more to buy some products online than in stores, part of a move to boost profits and drive store traffic as it faces off with Amazon.

Published 7 months ago

Surveillance Cameras Made by China Are Hanging All Over the U.S.

Surveillance Cameras Made by China Are Hanging All Over the U.S.

Hikvision, a company 42%-owned by the Chinese government, sold devices that monitor U.S. Army base and Memphis streets. That has sparked concerns about cybersecurity.

Published 7 months ago

Why Millennials Crave Cold Coffee

Why Millennials Crave Cold Coffee

McDonald’s, Blue Bottle Coffee and Dunkin roll out bottled or canned frappés, iced mochas and cold brew that 18- to 35-year-olds tend to favor.

Published 7 months ago

White House on Roy Moore: Not Enough Information to Say If He Should Exit Senate Race

White House on Roy Moore: Not Enough Information to Say If He Should Exit Senate Race

Top White House officials said  they didn’t have enough information to judge whether Republican Senate candidate Roy Moore should withdraw from his race over allegations that he pursued teenage girls while he was in his 30s.

Published 7 months ago

Emirates Airline Orders 40 Boeing 787 Dreamliners

Emirates Airline Orders 40 Boeing 787 Dreamliners

Emirates Airline on Sunday renewed its aircraft buying spree, committing to buy $15.1 billion worth of Boeing Co. 787 Dreamliners. Boeing bested Airbus in the competition to sell Emirates Airline, the world’s largest carrier by international traffic, new long-haul planes.

Published 7 months ago