Spotted some cinematic potential in Michael Cohen’s testimony before the US Congress today (Feb. 27). You might not have to wait all that long before Hollywood gets its hands on the saga, based on comments made by Donald Trump’s former personal attorney to the House Oversight and Reform Committee.
When the diet company formerly known as Weight Watchers revealed its new branding late last year, it was met with skepticism. After reporting disappointing earnings today (Feb. 26), it appears that wariness was warranted.
To US politicians on both sides of the aisle content to luxuriate in seemingly infinite debt, Federal Reserve chairman Jerome Powell has a simple warning: “Federal government debt is on an unsustainable path.”
General Electric shareholders were feeling lighter—and wealthier—this morning (Feb. 25), after the industrial conglomerate announced plans to sell its biopharma business to Danaher Corp for $21.4 billion, sending its share price soaring 15%. It’s the first significant asset sale since new CEO Larry Culp took on the role in October 2018, after coming to GE from Danaher itself.
The dried, wrinkly black fruit of the pepper plant was once so valuable that peppercorns were used as a kind of currency. These days, the spice remains sought after despite its relative expense, featuring in virtually every meal on dining tables the world over. Demand for peppercorns is high, and rising: as any aspiring chef will tell you, there’s simply no substitute for its pungent taste.
$12.6 billion is a lot of money. It’s roughly the cost of a US navy aircraft carrier, a bit less than what Amazon paid to take over Whole Foods, and if you had it in your wallet you’d be the 100th-richest person in the world.
AP Moller-Maersk, the world’s largest container-shipping company, spies storm clouds up ahead.
Traders say the darnedest things.
A French court ordered UBS to pay a fine of more than €4.5 billion ($5.1 billion) today, after finding the Swiss bank guilty of illegally soliciting wealthy French clients to help them evade tax. Of that total, €800 million in damages go directly to the French government, which intends to seek further penalties. Following the verdict, shares of UBS fell by more than 3%, a decline worth about $2 billion in market capitalization.
According to data from the US Commerce Department, American consumers had a subdued Christmas shopping season. But at Walmart, it seems, they were spending like crazy.
Nearly four months to the day since Canada legalized marijuana, Canopy Growth’s sales have never been buzzier.
The Oracle of Omaha doesn’t see a future for technology company Oracle.
This story was updated at 12:25pm US eastern time today (Feb. 15):
Marco Rubio is generally a friend of business. But a raft of tweets from the Republican senator from Florida yesterday Feb. 12 suggested that on the issue of stock buybacks, he’s more closely aligned with prominent Democratic senators such as Elizabeth Warren, Bernie Sanders and Chuck Schumer than with many of his fellow conservatives.
Traditional strategies to boost gender equity in the workplace don’t seem to be working.
With every lurch toward a no-deal Brexit, the most chaotic way that the UK could quit the European Union, the British pound takes another dive. It lost nearly 20% of its value against the dollar in the months after the June 2016 referendum. Then, after clawing back some of the decline, forecasters now warn that the pound could lose up to 25% of its value if Britain crashes out of the EU by the March 29 deadline without any transitional arrangement in place.
Vasant Narasimhan, the new CEO of Swiss drug company Novartis, has been engaged in what he described as “a big culture change” for the company.
The US’s sixth-largest bank will have its headquarters in a city unknown to many non-Americans.
Paul Moyna keeps two photo albums in the backseat of his cab. Labeled “The Troubles,” they date from 1969 to 1998. The photos inside are at once personal and political accounts: Moyna as a school boy in Belfast; the earliest days of the “Peace Walls” that would come to separate the city’s neighborhoods; and historic snaps of the area, all painstakingly annotated.
The Indian city of Rajkot lies around 1,000 miles (1,600 km) due west of Kolkata, over in the Indian subcontinent’s easternmost corner. That’s a distance comparable to that between London, England, and Kiev, Ukraine, or between Atlanta, Georgia, and Denver, Colorado. But while London and Kiev, and Atlanta and Denver, are both two time zones apart, Kolkata and Rajkot observe a single time zone. All year round, their clocks say precisely the same time—even though their sunrises and sunsets are over an hour apart.
Until the start of last year, the Canadian stock ticker “POT” was held by Potash Corp. of Saskatchewan, the world’s largest potash producer. Then it merged with a Calgary-based competitor. Now, following a lottery of some 40-odd hopefuls, the trading symbol has been gifted to tiny Vancouver-based cannabis company Weekend Unlimited Inc., whose stock rose by almost 150% in the wake of their Friday (Feb. 1) win.
We’re in the midst of a dollar store boom. They’re especially prevalent in low-income neighborhoods.
A series of electrical issues at a federal jail in Brooklyn, New York, have left more than a thousand inmates stranded in freezing cells, according to defense attorneys and paralegals.
US employers added 304,000 jobs last month, beating out economists’ expectations by around 160,000.
