General Electric announced today that all is maybe not well inside the multinational conglomerate empire. CEO John Flannery said the next couple years will be less profitable than previously thought and that, among other changes, he company will cut its annual dividend in half. That may sound scary if you’re holding some GE stock, or […]
Activist investor Daniel Loeb announced over the weekend that his hedge fund, Third Point, has taken a $3.5 billion stake in the Swiss food conglomerate Nestle, and he wants some changes at the company. That may sound like a lot of money, but the investment represents just over a 1 percent stake in the company. […]
Chinese investment in the U.S. sometimes worries some lawmakers. The recent attempt by Chinese investors to purchase Westinghouse Electric’s bankrupt nuclear reactor unit is a case in point. One fear is that the Chinese could acquire sensitive technological secrets in the process. But also, the current high levels of Chinese investment could provide jobs, so […]
Marketplace host Kai Ryssdal talks to New York Times's Neil Irwin about his recent piece "Welcome to the Everything Boom, or Maybe the Everything Bubble."
