7 years ago078General Electric (GE.N) will not abandon its high-tech strategy under its new chief executive even if the transition to digital equipment proves "uncomfortable" for many of its customers, senior managers said on Tuesday.
"There is no plan B. We're not going back," Ganesh Bell, chief digital officer of GE Power, the group's largest...
7 years ago079Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.
The No. 1 U.S. wireless operator is rebranding AOL and Yahoo as part of a new venture called Oath, led by AOL Chief Executive Tim Armstrong....
7 years ago072U.S. stocks opened higher on Tuesday, led by a recovery in technology stocks after a two-day selloff and as investors eyed the Federal Reserve's two-day meeting where it is widely expected to raise interest rates.
The Dow Jones Industrial Average .DJI was up 36.78 points, or 0.17 percent, at 21,272.45, the S&P 500 .SPX was up 6.22...
7 years ago069Tech stocks took a hit after a Goldman Sachs analyst questioned this year's run-up in the industry's five biggest names -- Apple, Microsoft, Amazon, Facebook and Alphabet -- the parent company of Google.
The Nasdaq, which hit an all-time high Friday morning, fell nearly 2% by the end of the day. The tech wreck put a dent in the...
7 years ago065Consumers shouldn't expect to continue to see blizzards of markdowns and Sales! Sales! Sales! at Macy's anymore.
The struggling department store chain is switching up its broad promotional messaging to communicate more tactically, the brand said Tuesday at its annual investor conference. In addition, the $25 billion retailer will also...
7 years ago052James Quincey, Coca-Cola Co.’s new Chief Executive, replaced outgoing boss Muhtar Kent at the beginning of this month.
In an interview this week Quincey revealed what he wants staff to do: make mistakes.
The societal understanding that sugar consumption needs to be curbed has, and will continue to, affect how the world’s...
7 years ago056The US tech giants Apple, Google's parent Alphabet, Microsoft, Amazon and Facebook are the five biggest companies in the world by market capitalisation. Their increasing dominance is fuelling concerns about competition and data privacy.
So are regulators about to get tough?
Shares in Amazon and Alphabet raced past the $1,000-mark...
7 years ago057Japanese internet, solar and technology company SoftBank Group Corp. is buying robotics pioneer Boston Dynamics from Alphabet Inc., Google's parent.
Terms of the deal, announced Friday, including when it might close, were not disclosed.
Tokyo-based SoftBank, which offers the chatty childlike Pepper companion robot, said the...
7 years ago062Uber Technologies Inc's board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm and consider sweeping changes to the company's management practices at a meeting on Sunday, according to a person familiar with the situation.
The person briefed on the matter said the board will...
7 years ago057European banking group Dexia (EBR: DEXBT) and U.S. professional services firm Cognizant (NASDAQ: CTSH) today announced that they have signed a Letter of Intent relating to exclusive discussions regarding a long-term agreement for Cognizant to become Dexia's strategic provider of information technology and business process services...
7 years ago044How often have you heard people talking about how stressed they are at work? Nearly every person you meet talks about this in some way. In today’s highly competitive world, stress at work has become the norm. But the primary question here is, why do people get stressed out at work? What are the factors that contribute to the...
7 years ago047
SAN FRANCISCO: A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year.
The S&P 500 information technology index dropped 2.73 percent, with Apple,...