Microsoft hires former GE CFO Carolina Dybeck Happe as new operating chief
Carolina Dybeck Happe is joining Microsoft’s top leadership ranks after helping GE to bring its aviation and energy businesses public.
Airbus Ventures launches $155 million fund focused on deep tech, including space
Airbus Ventures, one of the most prolific investors in space startups, raised a $155 million fund.
Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.
Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Microsoft said Thursday that it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry.
Navient reaches $120 million settlement with CFPB for misleading student loan borrowers
The CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information.
Wholesale prices rose 0.2% in August, in line with expectations
The producer price index was expected to increase 0.2% in August, according to the Dow Jones consensus forecast.
UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights
Speculation is rife over whether UniCredit’s surprise stake build in Commerzbank will lead to a takeover bid of the German lender.
Russia turns the tables on Ukraine, launching counterattacks to retake Kursk after incursion stalls
Russia appears to have launched a major counteroffensive to retake areas of its Kursk border region that were seized by Ukrainian forces in a bold incursion.
Tokyo says it ‘lodged a protest’ after North Korea fired missiles toward Sea of Japan
The launch came days after Kim Jong Un vowed to increase the country’s nuclear capabilities.
CNBC Daily Open: Moving past sticky core inflation
Stubborn core inflation means the Fed’s unlikely to slash rates by 50 basis points. Markets will cope.
