It’s been a rough couple of weeks for two of the country’s biggest conglomerates. Proctor & Gamble and General Electric have been fending off shareholder unrest over their lackluster stock performance. For GE, that drama has extended to the boardroom. Tomorrow, GE will give its first quarterly results since new CEO John Flannery took over. […]
PayPal reports its quarterly earnings today. Analysts expect double-digit revenue growth. Last quarter, revenues at the payment processor were more than $3 billion, with 6.5 million new customer accounts. In tech company years, PayPal is kind of old — it’s been around since the late ’90s and pioneered peer-to-peer payments online. But the company keeps managing to […]
The stock market has been on quite a run since the election. The workings of the Federal Reserve have indeed had an impact on the economy, investors and companies. But recent comments from the Treasury secretary suggest that continued stock successes hinge on tax reform. Most Wall Street analysts will tell you something quite different. […]
Call it “enticing” or “incentivizing.” Call it “begging” or “groveling.” What’s clear is the bidding war between cities and states to host Amazon’s second national headquarters is racing to its deadline Thursday. The offers of tax incentives, subsidies, favorable zoning, job training and all the rest are piling in. A few billion here, a few […]
Kobe Steel in Japan has admitted that some of its employees falsified strength data of some of its rolled aluminum. That metal is used in a lot of things worldwide, like cars, planes and trains. Investigations are underway, but what will the consequences be for the company and the wider Japanese manufacturing sector? Click the […]
