Chief Financial Officer Jamie Miller announced that GE is under investigation by the SEC after taking a $6.2 billion charge related to its insurance portfolio. Investors who were initially positive on General Electric Co. quarterly results on Wednesday, Jan. 24, put renewed pressure on the stock after the disclosure of...
Bank of America is eliminating eBanking accounts this month, transferring their owners into accounts that charge a maintenance fee if they don't maintain a minimum balance or get direct deposit. The move ends a program introduced in 2010 and completes a phaseout begun several years ago, when the bank...
Eight months after taking over as chief executive of Ford Motor, Jim Hackett is still trying to accomplish one of his most important tasks: convincing Wall Street that he has a compelling plan to reinvigorate the automaker. Mr. Hackett, 62, a former chief executive of the office-furniture supplier Steelcase, has...
Eons ago, the land Down Under wasn't so far away after all. Rocks recently discovered in Australia bear striking similarities to those found in North America, a study finds. The sandstone sedimentary rocks the scientists uncovered are not "native" to present-day Australia, but instead are common in eastern Canada. The rocks...
More than 125,000 employees at Walt Disney Company across the globe will each receive a $1,000 cash bonus, the company announced Tuesday. The company will also invest $50 million to help hourly employees pay for college tuition starting with the upcoming fall semester, company chairman and chief executive officer Robert...
The economy is booming, but there could be reason to worry about future growth. Plus, Amazon unveiled its narrowed list of potential locations for its second headquarters -- which could be good news for homeowners in the final city. And then there was the brief government shutdown. Here's what it all means...
ANCHORAGE, Alaska -- People in Alaska were jolted awake overnight Tuesday. First by a powerful earthquake in the Gulf of Alaska – then by sirens that warned of a possible tsunami. A magnitude 7.9 earthquake struck at 12:32 a.m. off the Alaska coast. The quake itself -- far enough away...
The International Monetary Fund is upgrading the outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost. The IMF on Monday forecast global growth of 3.7 percent for 2017, which would be the...
The King of Beers has slipped to fourth place. In the U.S., Budweiser was eclipsed by Miller Lite in 2017, according to sales estimates released Monday from industry publication Beer Marketer’s Insights. Bud Light continues its reign as the top-selling beer in the U.S., followed by Coors Light. Bud Light knocked Budweiser...
The US government partial shutdown is ending after Republicans and Democrats voted for a temporary funding bill. The Democratic leadership agreed to back the bill after accepting promises from Republicans for a debate later on the future of young illegal immigrants. President Donald Trump, who signed the bill on Monday evening,...
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