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GE Shares Sink As Analysts Cut Price Targets, Question Dividend

GE Shares Sink As Analysts Cut Price Targets, Question Dividend

Shares of General Electric Co. fell Monday as analysts raced to cut their price targets after the conglomerate's latest disappointing earnings report.

Published 7 months ago

Amazon Says 238 Places Want to Host Its New Headquarters

Amazon Says 238 Places Want to Host Its New Headquarters

Amazon said it received 238 proposals from cities and regions across North America to host its second headquarters.

Published 7 months ago

Tillerson Urges Action From Pakistan Against Taliban on First Afghan Trip

Tillerson Urges Action From Pakistan Against Taliban on First Afghan Trip

Rex Tillerson made his first trip as secretary of state to Afghanistan, jetting in and out of the country on a secret visit to meet top U.S. military and Afghan officials battling the Taliban and an offshoot of Islamic State.

Published 7 months ago

EU Antitrust Authorities Raid Daimler, Volkswagen Offices

EU Antitrust Authorities Raid Daimler, Volkswagen Offices

European antitrust authorities carried out further inspections of German car makers’ premises, including the offices of Volkswagen and Daimler, over concerns about an illegal cartel.

Published 7 months ago

Trump Says ‘No Change’ to 401(k) Plans Under Forthcoming Tax Proposal

Trump Says ‘No Change’ to 401(k) Plans Under Forthcoming Tax Proposal

President Donald Trump vowed a popular retirement savings program would remain untouched in the forthcoming Republican tax overhaul proposal.

Published 7 months ago

Ill-Timed Uber Investment Fuels Unrest at Giant Saudi Fund

Ill-Timed Uber Investment Fuels Unrest at Giant Saudi Fund

Saudi Arabia’s state-owned Public Investment Fund is poised to become one of the world’s biggest investors. But the PIF, as it is known, is off to a rocky start: After struggling to calculate its own value, it is mired in conflict over disappointing investments, including in Uber.

Published 7 months ago

In Harvey’s Wake, a Rush to the Courthouse

In Harvey’s Wake, a Rush to the Courthouse

The plaintiffs’ lawyers lined up shoulder to shoulder recently in a Houston courtroom. All had come to hear how they could get a piece of sprawling litigation emerging from the devastation wrought by Hurricane Harvey.

Published 7 months ago

Russia’s Kaspersky to Allow Outside Review of Its Cybersecurity Software

Russia’s Kaspersky to Allow Outside Review of Its Cybersecurity Software

Kaspersky Lab, the Moscow-based cybersecurity firm whose software U.S. officials suspect helped the Russian government spy on Americans, promised to make its source code available for an independent review.

Published 7 months ago

Feeding Babies in China Is a Booming Business Again

Feeding Babies in China Is a Booming Business Again

The world’s largest infant-formula market is surprisingly volatile. Investors shouldn’t expect the good news for Western consumer groups to last.

Published 7 months ago

Hackers Target Nation’s Schools

Hackers Target Nation’s Schools

Hackers looking to exploit sensitive information for profit are increasingly targeting U.S. schools, where they are finding a relatively weak system to protect a valuable asset: student data.

Published 7 months ago

A Xi Jinping Protégé Rises to Stardom

A Xi Jinping Protégé Rises to Stardom

The rising prospects of Chen Min’er, a younger ally to China’s president, has raised speculation over Xi Jinping’s succession plans and whether his protégé may vault into the leadership during the current Communist Party political meetings.

Published 7 months ago

GE Compensation Moves Likely to Include More Performance-Based Changes

GE Compensation Moves Likely to Include More Performance-Based Changes

Executive compensation is one of the many things John Flannery plans to shake up he tightens the belt at General Electric. But his options may be limited.

Published 7 months ago

China’s Hunt for Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller

China’s Hunt for Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller

Pressure from Beijing officials seeking Mr. Guo’s return sparks a frantic response from the Trump administration—and standoffs at Pennsylvania Station and JFK airport.

Published 7 months ago

Trump Backs Some GOP Senators as Bannon Escalates ‘War’ on Incumbents

Trump Backs Some GOP Senators as Bannon Escalates ‘War’ on Incumbents

President Donald Trump is siding with Republican Senate incumbents in key re-election races, potentially putting him on a collision course with Steve Bannon, the onetime White House chief strategist who has declared a “season of war” on their party’s establishment.

Published 7 months ago

Crisis Deepens as Madrid Moves to  Seize Control of Catalan Government

Crisis Deepens as Madrid Moves to Seize Control of Catalan Government

The Spanish government and separatists were each maneuvering Sunday ahead of a critical week in the crisis in Catalonia following the Spanish prime minister’s move to seek new powers allowing him to remove the region’s secessionist leaders.

Published 7 months ago