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Top Stories from CNBC- Sweltering heat is shattering records, triggering power outages across California
- Here's why this recession has been different from any other
- Trump orders ByteDance to divest from its U.S. TikTok business within 90 days
- Facebook says Apple refused to waive 30% fee on new paid online events feature
- The clothing rental start-up Rent the Runway is closing all of its stores for good
Company News
CEOs of Equifax and Marriott testified Thursday in a Senate hearing on private-sector data breaches
Juul created a new enterprise markets team to strike deals with health plans, providers, self-insured employers, as well as public sector.
Morgan Brennan reports that General Electric stock is still declining amid the CEO’s downbeat outlook for cashflow.
However, Target’s Brian Cornell, by no means, is turning negative. “It’s still a very stable consumer environment,” he explains. “It’s going to ebb and flow.”
HBO has long positioned itself as the premium content option in an increasingly crowded streaming space.
As part of the reorganization, WarnerMedia says Robert Greenblatt will become chairman of WarnerMedia Entertainment and Direct-to-Consumer.
Danaher will buy the biopharmaceutical business of General Electric in a $21.4 billion all cash deal, the companies announce.
Kraft Heinz says it faced pressure from suppliers, delayed projects and rising costs. Investors wonder if there’s a bigger problem.
A day after announcing a $200 million financing round in Clutter, SoftBank said it led a $1 billion investment in Flexport.
Coca-Cola reports earnings that met expectations, but that wasn’t enough to temper concerns about its weaker-than-expected earnings outlook.
Mary Barra’s turnaround plan for General Motors already paying off with fourth-quarter earnings beat
“Yes, it was a beat relative to consensus, but we think you have to take this report with a grain of salt,” CFRA analyst Garrett Nelson says.
A TechCrunch report last year revealed CEO Mark Zuckerberg had deleted messages from his chats.
A beat on the top and bottom lines would normally send a stock up, not down.
General Electric shares soared to their best day in a decade following the Thursday’s fourth-quarter earnings report but J.P. Morgan analyst Stephen Tusa remained unconvinced by GE’s results.
When General Electric first announced the health spin off, it said it would sell 20 percent of GE Healthcare and distribute the remaining 80 percent to shareholders tax-free.
