Archive | Money

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General Electric to move headquarters to Boston in digital move

The nearly $ 300 billion company is undergoing a wrenching process of exiting the financial-services trap that nearly buckled it seven years ag...

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GE Relocating To Boston, Expects Technology-Fluent Workforce And Generous Incentive Package

GE has said it will be in a temporary location in Boston by this summer, so the blow will fall swiftly. Tony Hwang, a Connecticut Republican, ...

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United Airlines CEO has heart transplant, may return later than expected

United says Munoz is expected to return to work late in the first quarter or early in the second quarter. The transplant took place on 6 Janua...

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Mercy Street: Meet Doctors and Nurses of New PBS Drama

In the series, Josh Radnor stars as Dr. Jebediah Foster, a "brilliant surgeon" who works alongside Nurse Mary Phinney (Mary Elizabeth Winstead...

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United Kingdom invested $23.4m in renewables in 2015

The slump in oil prices that's brought upheaval and cost-cutting to the traditional energy industry spared renewables such as solar and wind, wh...

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Walgreens' Q1 income rises 30.6% due to higher retail sales

Additionally, the company raised its fiscal 2016 earnings guidance to $4.30 per share to $4.55 per share, versus its previous guidance of $4.25 ...

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OS X Gatekeeper Vulnerability Remains Unfixed Despite Two Security Patches

The weakness can also be used in a man-in-the-middle attack , especially when software makers do not deliver their installers over SSL/TLS (Sec...

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BHP makes $7.2 billion pre-tax writedown on US shale assets

As a reason, CEO Andrew Mackenzie called the prices for the crude oil, which led to the "disappointing impairment" according to a statement . ...

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Video captures wild Asian elephants roaming in Cambodian forest

A 12-strong herd of endangered Asian elephants - from juveniles to older pachyderms - has been captured roaming around a protected Cambodian for...

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Chinese stocks enter bear market; oil under $30 a barrel

The entire clutch of Asian stock markets was trading lower for the day. The risk premium on the Markit CDX North American High Yield Index, a ...

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Houston Walmart stores among 269 to close around the world

The Mississippi stores affected are in Belmont, Mantachie, Sardis, Walnut, Dermas and Nettleton. Given the company's scale, the store closures...

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Global 2015 wind, solar additions rise 30% to 121 GW: BNEF

The country's installed solar capacity grew from 22 MW in 2011 to 2.5 GW in 2014. The government has set a target of 100GW of solar capacity and...

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Citigroup profit leaps as legal bill shrinks

Citi's net profit rose to $3.34bn, or $1.02 per share, in the quarter from $344m, or 6 cents per share, a year earlier. Citigroup revenues o...

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Enbridge's Northern Gateway pipeline suffers another setback

The constitutional challenge was brought by the Gitga'at First Nation and the Coastal First Nations, and was argued by Joseph Arvay, Q.C. (and h...

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Slow Revenue Growth in Data Centre Business Hurts Intel's Profit

Shadows are cast near the Intel logo at the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. In case you're bad at math, 98 percent i...

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Malaysia Aircraft Search Turns Up 1800s Shipwreck

Some of the shipwreck's shinier debris initially piqued searchers' interest as possibly being pieces of MH370. They agreed it was likely to be...

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U.S. crude falls as market braces for more Iranian oil

Near 1745 GMT, the Dow Jones Industrial Average was at 15,898.30, down 480.75 points (2.94 percent). "Breaking through the pound a litre pri...

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Narendra Modi announces Rs10,000 crore fund for start-ups

The Stand-up India would be separately launched. He said Prime Minister Narendra Modi's visit to the Silicon Valley in the U.S. previous year ...

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General Motors (GE) Moves Headquarters to Boston

GE's Chairman and CEO Jeff Immelt said Boston has a diverse, tech-savvy workforce that fits with the company's new direction. The company is e...

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Narayana Hrudayalaya stock jumps 30%

The strong market debut by the company comes close on the heels of other successful listings in the Indian market in the last couple of months. ...

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LSU basketball: Ben Simmons gets shout-out from President Obama

While giving a speech in Baton Rouge, the President noticed Simmons in the audience and gave him a tongue-in-cheek shoutout. Then he gave a sp...

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United States releases video of bombing of ISIS cash

The US general said terrorist attacks, such as recent incidents in Baghdad, Istanbul and Jakarta, would help Daesh produce "image of invincibili...

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EVA Air among top 20 safest airlines globally

Local carrier Singapore Airlines joined the Australian carrier in the top 20, along with Air New Zealand , All Nippon Airlines, Cathay Pacifi...

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Amazon.com Inc's China arm expands logistics ocean freight for other companies

That means Amazon , one of the largest online retailers in the world, would be able to subcontract companies to ship goods from China to the US...

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Lagarde tells Nigerian lawmakers IMF does not back forex curbs

The visit to Nigeria will provide the IMF an opportunity to strengthen the Fund's partnership with the largest economy in sub-Saharan Africa. ...

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Governor Cuomo Announces New Penn Station Private-Public Partnership RFP

In exchange for redeveloping the station, the chosen developer would have retail rights to the new complex where 650,000 passengers pass through...

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Noble Group under pressure as S&P cuts rating to junk

In addition, Standard & Poor's said it believes Noble's earnings and cash flow visibility is limited and heightened downside risks to its base-l...

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Wal-Mart to Close 269 Stores, 154 of them in the US

The retailer promises to proceed in the same way in the United States and ensures that it will pay severance pay if necessary as well as providi...

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Hedge Fund Billionaire Steven Cohen Banned Settles with SEC

Cohen created Point72 as a so-called family office to invest his fortune while working through SAC's remaining legal issues. "Before Cohen can h...

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A Smaller, Cheaper, Portable Version — Amazon Echo

The outlet expects Amazon to debut a smaller, less-expensive and portable version of the Amazon Echo soon . Of course, Echo also lets you buy...

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China imports record amount of iron ore

In the first half, "the biggest pressure is actually from the demand side". Lower costs including freight and energy, with crude oil plunging be...

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GE to cut 6500 jobs in Europe

Trying to calm the waters, GE repeated its pledge on Wednesday, saying most of the lost jobs would be replaced with new ones in other sectors ...

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ChemChina buys KraussMaffei for $1 billion

The group will be purchasing the plastics processing machinery maker from Onex Corp (TSE: OCX). The purchase adds to ChemChina's emergence as ...

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Why GameStop (GME) Stock Is Falling Today

ING Groep boosted its position in GameStop Corp .by 7.4% in the third quarter. Still, the driver of the sales appears to have been new video ga...

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Aetna CEO sees Humana deal on track to close this year

Anthem, which is acquiring Cigna for $47 billion, is optimistic about getting antitrust approval for the merger, Chief Executive Joseph Swedish ...

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