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Top Stories from CNBC- Erdogan proclaimed winner of Turkey's presidential election
- Cash hoarders aren't the only problem for Japan's struggling fund industry
- Asia set for a cautious open as US-China trade tensions simmer
- How succeeding later in life shaped Anthony Bourdain: 'I feel like I've stolen a car'
- GE is said to close in on a $3B-plus deal to sell industrial engine unit to a private equity firm
Company News
J.C. Penney on Friday reported revenue and same-store sales for the holiday quarter that fell short of analysts’ expectations. The company saw less promotional activity during the quarter as it shrunk its inventory, but greater online sales hampered profit margins. Penney also announced a management shakeup and said it is cutting 360 positions, including at its corporate …
Planning a trip to Disney? You might want to take a closer look at your calendar.
The nation’s biggest aluminum producer will split into two publicly traded companies as it tries to deal with an oversupply of the metal and falling prices.
Caterpillar announced Thursday that it expects to permanently reduce its workforce by 4,000 to 5,000 by the end of 2016. It said the cuts could reach 10,000 through 2018. The reductions are part of a corporate restructuring that the company said will lower operating costs by about $1.5 billion annually once implemented. Caterpillar also lowered …
Goldman Sachs Chairman and CEO Lloyd Blankfein said Tuesday he has been diagnosed lymphoma. “Late this summer after several weeks of not feeling well, I underwent a series of tests, which culminated in a biopsy last week,” Blankfein said in a release. “Fortunately, my form of lymphoma is highly curable and my doctors’ and my …
General Electric is planning to move 500 jobs overseas, citing the Export-Import Bank expiration. The jobs will be moving to France, Hungary and China. Four hundred jobs will move to France, and the remaining 100 split between China and Hungary. The jobs will be coming from Texas, South Carolina, Maine, and New York. GE has …
A lawsuit filed in Illinois accuses Boeing of building airplanes that have ventilated the cabin with toxic fumes.
Avon‘s stock was halted three times during Thursday trading after reports surfaced that the company might be acquired by a company called PTG Capital Partners. Quick research shows that there may be no such company. The U.K. Companies House does not have a registration for a company called PTG Capital Partners. CNBC tried to contact …
The long, drawn out and very public battle between DuPont and Nelson Peltz has come to an end.
Thousands of students were left in the lurch when Corinthian Colleges shut its doors, offering a cautionary tale for students and investors.
This year has already included Silicon Valley’s highest-profile gender discrimination lawsuit and the uproar in Indiana over the Religious Freedom Restoration Act. Inclusion in the corporate world is a priority today, and corporations try to avoid issues of diversity at their own peril. But do companies really embrace it, even when they claim to make …
General Electric plans to sell most of its GE Capital unit. What does the move mean for the new GE and investors in one of the most widely held stocks?
FedEx will buy Europe’s TNT Express for nearly $5 billion in an effort to expand into Europe.
As the world becomes more interconnected and businesses expand their supply chains far beyond their home countries, things can get risky. But some places are much more risky to supply chains than others. FM Global, a Rhode Island-based mutual insurance company, on Tuesday released a study naming the countries that present the least risk and …
Starbucks launches a controversial initiative on race relations, but is it smart business?
