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Apple's Cash Hoard Set to Top $250 Billion
Sun, 30 Apr 2017 17:55:53 EDT - Apple likely will report Tuesday that its cash hoard has topped a quarter of a trillion dollars—an unrivalled milestone that could ratchet up pressure on the tech giant to make splashier acquisitions or dole out more money to shareholders.
Musk, Zuckerberg, Nadella: CEOs to Watch This Week
Sun, 30 Apr 2017 10:25:58 EDT - The chiefs of Tesla, Facebook and Microsoft, as well as food giant Mondelez’s Irene Rosenfeld, will be providing insights into their businesses and industries in the week ahead.
Could India's Cash Blitz Kill Off Cards, ATMs?
Sun, 30 Apr 2017 17:04:03 EDT - Following India’s crackdown on cash, millions of residents who have never even used a credit card are leapfrogging into mobile payments, finding phone apps more accessible than plastic.
Exxon, Chevron Earnings Point to Industry Recovery
Sat, 29 Apr 2017 08:53:15 EDT - The world’s biggest oil companies are seeing their highest profits in more than a year, an early signal that they may be turning a corner on their long path to recovery.
Dealers Decide Cars Are Taking Up Too Much Prime Space
Sun, 30 Apr 2017 14:21:55 EDT - Needing big lots in busy areas, car dealers have scooped up some of the most valuable real estate in America. But shoppers no longer need to see the merchandise up close, so dealers are backing out.
GDP Growth Slowed as Spending by Consumers Lagged
Sat, 29 Apr 2017 01:02:27 EDT - The U.S. economy’s output grew at the slowest pace in three years during the first quarter, underscoring the challenges facing the Trump administration as it seeks to rev up growth.
Consumer Sentiment Remains High Despite GDP Report
Fri, 28 Apr 2017 18:05:00 EDT - Consumer sentiment about the U.S. economy remained high in April, even as the Commerce Department said U.S. economic output increased at the slowest pace in three years.
Next Tax Battle: Trump's Bid to Ax a Favorite Blue State Deduction
Fri, 28 Apr 2017 11:39:28 EDT - The White House blueprint would kill an expensive break relating to state and local taxes, prompting a bipartisan backlash from lawmakers in New York and other high-tax states.
Congress Passes Stopgap Spending Bill to Avoid Government Shutdown
Fri, 28 Apr 2017 16:51:06 EDT - Congress on Friday approved legislation to extend funding for the federal government by one week, avoiding a partial government shutdown on Saturday.
U.S. Durable Orders Edged Up In March
Thu, 27 Apr 2017 16:01:10 EDT - Demand for long-lasting factory goods improved modestly in March, a sign that the manufacturing sector is healing only slowly as business investment remains restrained.
Target ro Open on the Lower East Side
Sun, 30 Apr 2017 18:09:11 EDT - Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.
Appeals Court Affirms Decision Blocking Anthem-Cigna Merger
Fri, 28 Apr 2017 16:54:57 EDT - A federal appeals court on Friday declined to allow health insurer Anthem Inc. to acquire Cigna Corp., affirming a trial judge’s recent ruling that blocked the deal on antitrust grounds.
Truck, SUV Sales Power GM's Profit
Fri, 28 Apr 2017 15:59:44 EDT - GM’s first-quarter net income rose 34%, as strong sales of pickup trucks and SUVs in the U.S. continue to offset softening in the car market and troubles in regions like South America.
Economic Gauges Rise Under Trump, but Some Question Their Longevity
Thu, 27 Apr 2017 14:37:37 EDT - Economic indicators and the stock market climbed even before Donald Trump was inaugurated, boosted by his promises of tax cuts, regulatory relief and infrastructure spending. But with scant progress on those fronts, some question the endurance of the surge.
Congress Seeks IRS Comment After College Aid Tool Breach
Fri, 28 Apr 2017 10:20:36 EDT - A group from a House committee is concerned the IRS has failed to protect taxpayers’ online data following a security breach that has affected financial aid applications.
Airlines Will Keep Overbooking, Even After United Incident
Sun, 30 Apr 2017 18:13:20 EDT - In wake of the fallout from the passenger incident on United Airlines, Southwest Airlines is planning to stop overbooking flights by the end of June. But don’t expect other airlines to follow suit or for the practice to go away.
Detroit Auto Makers Are Upbeat as Sales Volumes Stall
Sun, 30 Apr 2017 17:16:50 EDT - U.S. car sales may be slowing, but the profit engines of Detroit’s Big Three auto makers are still in high gear.
Don't Believe the Hype: Fyre Festival Flops in the Bahamas
Sat, 29 Apr 2017 09:45:04 EDT - The much-hyped Fyre Festival has gone up in flames—with organizers abruptly canceling the high-end concert in the Bahamas, where stranded attendees were trying desperately to get home.
Didi, China's Uber, Raises $5.5 Billion
Fri, 28 Apr 2017 11:33:15 EDT - China’s Didi Chuxing Technology said it raised $5.5 billion in a new funding round, valuing the ride-hailing company at more than $50 billion.
The Lesson of Al Golin's Career in Public Relations: Make That Phone Call
Sun, 30 Apr 2017 07:39:26 EDT - In 1957, when Al Golin was a young public-relations man in Chicago, a friend suggested he should make a pitch to the owner of a fledgling drive--in hamburger chain. His public-relations firm—now known as Golin, part of Interpublic Group—is still working for McDonald’s 60 years later.


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