Amazon pulls the plug on New York headquarters
Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.
Big hedge funds dumped China stocks, Apple as market tumbled
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday….
General Electric scraps plan for 12-story Boston headquarters
General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state.
Wall Street overcomes early losses on grim retail sales data
Wall Street struggled to reverse early losses on Thursday as an unexpected drop in retail sales dampened investor hopes for progress at the ongoing U.S.-China trade talks in Beijing.
Ford CFO to retire: CNBC
Ford Motor Co Chief Financial Officer Bob Shanks plans to retire and is expected to stay through the end of the year, CNBC reported on Thursday, citing sources.
Weakest U.S. retail sales since 2009 cast pall over economy
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
U.S. utility TVA votes to close two coal power plants, in blow to Trump
The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open.
Vale’s safety measures have not worked, CEO says as woes grow
Brazilian miner Vale’s safety procedures have not worked, the company’s chief executive said on Thursday, responding to questions from lawmakers after one of the company’s dams collapsed last month with the loss of hundreds of lives.
Fall in U.S. retail sales dampens world stock market rally
The steepest decline in U.S. retail sales since 2009 in December halted a broad rally in world stock markets on Thursday and pushed investors into the safety of government bonds.
Amazon pulls plug on New York City headquarters
Amazon.com Inc abruptly scrapped plans to build a headquarters in New York after opposition from local politicians and some of its would-be neighbors, the third most-valuable public U.S. company said on Thursday.
