Harvard University researchers say a review of Exxon Mobil documents show the company misled investors and the public about how much it knew about climate change. That’s already the subject of investigations by the attorneys general in New York and Massachusetts. Their report says that the internal communication between scientists at Exxon Mobile was drastically […]
China’s government today unveiled new rules for overseas investments by Chinese businesses. The rules discourage companies from what are called “irrational” acquisitions of assets in industries ranging from real estate to hotels and entertainment. In recent years, China has invested heavily in the U.S. What will the new rules mean for U.S. businesses? Click the […]
Estee Lauder announced earnings this morning. The cosmetics company beat estimates, reporting net income of $229 million, up from $94 million for the same period last year. Net sales rose 11 percent in the fourth quarter. Behind the numbers is the reality that established beauty brands like Estee are facing big challenges from beauty startups […]
In the week since a white supremacist rally in Charlottesville lead to deadly violence, some of the participants have been outed online and even fired from their jobs. Now, more protests and counter protests are springing up around the country. While the first amendment protects speech — including hate speech, the freedom to express your […]
Scandal-besieged Wells Fargo seems to be cleaning up its act. It’s replacing three of 15 board members, including the chairman. Stephen Sanger will step down at the end of the year and current Vice Chair Elizabeth Duke will take his place. Is this a real change for the bank? Click the audio player above to […]
Julie Creswell at the New York Times and Jena McGregor at the Washington Post have both written about the lack of women at the top of corporate America.
Three big words in tech news today: original video content. Apple is reportedly making a big push into the business with a $1 billion plan to stream its own shows on its Apple TV and Apple Music platforms. The tech giant joins an increasingly crowded field, competing with the likes of Netflix, Amazon and Hulu, […]
This morning, we’ll hear from discount retailer Target on how it performed in the second quarter of the year. Last month, Target raised its guidance on sales at stores open at least a year. Analysts will be watching to see how its digital sales perform against big rivals like Amazon, which present ever increasing threats. […]
