GE to sell bulk of finance unit, return up to $90 billion to investors
(Reuters) – General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.
New U.S. offshore oil drilling rule planned: New York Times
WASHINGTON (Reuters) – The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.
Backlogged orders as shoppers get close-up look at Apple Watch
SAN FRANCISCO/PARIS (Reuters) – Customers preordering Apple Inc’s smartwatch on Friday will have to wait at least a month for delivery, a sign of strong early demand for company chief Tim Cook’s first new major product.
Backlogged orders as shoppers get close-up look at Apple Watch
SAN FRANCISCO/PARIS (Reuters) – Customers preordering Apple Inc’s smartwatch on Friday will have to wait at least a month for delivery, a sign of strong early demand for company chief Tim Cook’s first new major product.
Fed takes back seat as market shifts focus to earnings
NEW YORK (Reuters) – With earnings season underway, Wall Street is temporarily putting the U.S. Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy’s hea…
Takata air bag on Honda Civic linked to another injury
(Reuters) – Faulty air bags supplied by Takata Corp have been linked to another injury involving a Honda Motor Co car in Florida in March.
GE to sell bulk of finance unit, return up to $90 billion to investors
(Reuters) – General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.
GE sparks broad Wall St. rally; indexes post weekly gains
NEW YORK (Reuters) – U.S. stocks ended a strong week with a broad rally on Friday as investors lauded GE’s decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares.
Wal-Mart says Walton family to sell shares to keep lid on stake
(Reuters) – Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer’s outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable cont…
Wal-Mart says Walton family to sell shares to keep lid on stake
(Reuters) – Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer’s outstanding shares in a newly formed trust for possible sale to offset expected increases in its stake due to stock buybacks and to help fund charitable cont…
