Corporate News

Macy's rebound continues into 2Q, but shares tumble

Aug 15, 2018

Macy's rebound continues into the 2Q, but shares tumble

US factory output rose solid 0.3 percent in July

Aug 15, 2018

US manufacturing output up 0.3 percent in July, though slowdown expected ahead

US retail sales rose at robust 0.5 pct. annual rate in July

Aug 15, 2018

US retail sales up a healthy 0.5 percent annual rate as consumers spend more on cars and restaurants

A rising concern? After straws, balloons get more scrutiny

Aug 15, 2018

Now that plastic straws seem headed for extinction, could Americans' love of balloons be next to go pop?

3 scientists share $500,000 prize for work on cancer therapy

Aug 15, 2018

Three scientists will share a $500,000 medical prize for their studies of the immune system that have led to innovative treatments for cancer, HIV and other diseases

Tesla forms committee to assess proposal to go private

Aug 14, 2018

Tesla's board is preparing to evaluate CEO Elon Musk's brewing buyout bid with a three-member committee that includes a director whose objectivity has been recently questioned

Kroger to sell its goods to Chinese shoppers through Tmall

Aug 14, 2018

Kroger to sell some products to Chinese shoppers through a website owned by Internet giant Alibaba

Warren Buffett's firm adds to Apple, Teva investments

Aug 14, 2018

Investor Warren Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments

Tinder founders, execs file suit against IAC and Match Group

Aug 14, 2018

The founders of the dating app Tinder, along with current executives and some employees, have filed a lawsuit against IAC/InterActiveCorp and its Match Group subsidiary

California man pleads guilty to smuggling gun parts to Syria

Aug 14, 2018

The chief executive of a California check cashing business has pleaded guilty to helping smuggle rifle parts and other military equipment to rebels in his native Syria