Business

  • BusinessBloomberg

    Blackstone Billionaire Tony James’ Family Office Spawns New Firm

    (Bloomberg) -- Tony James’ family office has spawned a private equity firm backed by the Blackstone Inc. billionaire that’s courting investment firms for other members of the world’s super-rich.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 B

    3 min read
  • BusinessAssociated Press

    Unilever is cutting 7,500 jobs and spinning off its ice cream business

    Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever said its ice cream business, which also includes Magnum bars, has “distinct characteristics” from its other brands and would benefit from separate ownership to increase growth. The British consumer goods company with 128,000 employees also said it is launching a “productivit

    2 min read
  • BusinessBloomberg

    Oil Holds Gain With Russian Refining and OPEC+ Curbs to the Fore

    (Bloomberg) -- Oil held most of its gains after reaching the highest close since late October on Monday, as Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts remained in focus.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 B

    2 min read
  • BusinessBloomberg

    Tencent May Surprise With Margin, Shareholder Return

    (Bloomberg) -- Tencent Holdings Ltd.’s earnings report due Wednesday may provide positive catalysts for its shares, which have plummeted about 60% from their record high three years ago.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 Billion F

    4 min read
  • BusinessInsider Monkey

    Here’s Why Insulet (PODD) Detracted in Q4

    ClearBridge Investments, an investment management firm, released its fourth-quarter 2023 “ClearBridge Aggressive Growth Strategy” investor letter, which can be downloaded here. The strategy outperformed its Russell 3000 Growth Index benchmark for the quarter. It had delivered gains across seven of the eight sectors in which it was invested on an absolute basis. Overall stock selection contributed […]

    2 min read
  • LifestyleRecord-Courier

    Aurora home with chef's kitchen, entertainer's basement and yard sells for $1.3M. See inside

    Five properties that sold for $500,000 or more led home sales for Portage County the week of Jan. 16, including one in Aurora that sold for $1.3 million.

    5 min read
  • BusinessBloomberg

    Yen Slides Past 150 Per Dollar as Yield Gap With US Remains Wide

    (Bloomberg) -- The yen weakened past 150 per dollar after the Bank of Japan ended the world’s last negative policy rate while keeping financial conditions easy for now. Bonds and shares both gained. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged

    3 min read
  • USThe Commercial Appeal

    Mane Street Memphis: Almost 300 new apartments are coming to Legacy at Colonial in Cordova

    This week's Mane Street Memphis includes updates on Legacy at Colonial, Krosstown Kleaners and Church Health expansion.

    6 min read
  • BusinessMotley Fool

    ExxonMobil Continues to Find Oil in a Place Chevron Really Wants to Be

    Exxon made its latest discovery offshore Guyana.

    4 min read
  • USAustin American-Statesman

    Major changes could be coming near Lady Bird Lake south of downtown. Here's a preview

    Plans call for 800 residential units and a 225-room hotel, along with offices, shops, restaurants and a grocery store.

    7 min read
  • BusinessRecord-Courier

    Davey Tree in Kent unveils expansion, marks 45 years of employee ownership

    The Davey Tree Expert Company unveiled its renovated 80,000-square-foot corporate headquarters as the firm marked 45 years of employee ownership.

    2 min read
  • BusinessBloomberg

    Small Banks Demand Full-Time Office Work More Than Bigger Peers

    (Bloomberg) -- Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been leading the charge to get employees into the office more often, but it’s their smaller industry peers who are more likely to demand full-time on-site work.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best

    3 min read
  • BusinessBloomberg

    The Fed Has a Lot of Questions to Answer About Its Balance Sheet

    (Bloomberg) -- The Federal Reserve will begin in-depth discussions about its balance sheet this week, including when and how to slow the pace at which the central bank drains excess cash from the financial system.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergra

    4 min read
  • BusinessBloomberg

    Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

    (Bloomberg) -- The yen fell after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 Billion Fraud Is Amo

    4 min read
  • BusinessReuters

    Bentley looks to launches after 'emotional sensitivity' slowed car sales

    British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilised and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly f

    1 min read
  • BusinessZacks

    Mercury Systems (MRCY) Unveils Early Access Program for RFS1140

    Mercury Systems (MRCY) unveils the early access program for its groundbreaking RFS1140 direct RF System-in-Package.

    3 min read
  • BusinessRaleigh News and Observer

    Is 6% commission dead? What NC homeowners should know after landmark settlement

    The National Association of Realtors (NAR) has settled a series of antitrust lawsuits. The deal could change how homes are bought and sold in NC.

    6 min read
  • USThe Courier Journal

    Quadrant Magnetics says charges should be dropped after confidential information exposed

    Attorneys for Quadrant and three executives facing federal charges say the sensitive data was left open on a website accessible to the public.

    4 min read
  • BusinessThe Florida Times-Union

    Ponte Vedra Beach has another one for the record books with $22 million home sale

    The hits keep coming for luxury home sales as an oceanfront home in St. Johns County sells for a Northeast Florida record $22 million.

    2 min read
  • BusinessZacks

    Zacks Industry Outlook Highlights Yum China, Shake Shack and Brinker International

    Yum China, Shake Shack and Brinker International have been highlighted in this Industry Outlook article.

    7 min read
  • BusinessThe Hollywood Reporter

    European TV Still Peaking Amid Fears of a U.S.-Style Downturn

    European TV has not peaked. At least not yet. While the U.S. TV business has seen a sharp downturn, with a drop in the number of shows commissioned and broadcast and headline-making layoffs across the major studios, European TV production is still on the upswing, according to a new report by think tank the European …

    2 min read
  • USKnox News | The Knoxville News-Sentinel

    ShotClub, a 'next-generation' Topgolf planned for north Knoxville, asks for a tax freeze

    ShotClub would feature bars, arcade games, mini golf and a beer garden, along with 60 golf bays.

    3 min read
  • BusinessMotley Fool

    The Best Energy Stock to Invest $1,000 in Right Now

    Brookfield Renewable should continue enriching its investors.

    4 min read
  • USAsheville Citizen-Times

    NC Attorney General says HCA lawsuit counterclaims 'flatly contradicted' by patients

    In a new legal filing, NCAG Josh Stein moved to dismiss counterclaims brought by HCA regarding the company's alleged Mission Hospital contract breach.

    4 min read
  • LifestyleThe Florida Times-Union

    Here are the most expensive homes sold in Duval County for early 2024

    Homes along First Coast waterways dominated Duval County's top real estate sales for January 2024.

    4 min read
  • BusinessBBC

    Unilever is cutting jobs and splitting off ice cream unit

    Wall's, Ben & Jerry's and Magnum are among the brands that will be spun-off as part of a restructuring plan.

    2 min read
  • BusinessAutocar articles

    JLR to recruit 250 electrical technicians in Range Rover and EV push

    New roles, part of a £15bn investment, join 300 additional positions created by British car maker last year

    3 min read
  • BusinessBloomberg

    Exchange Investigates Flash Crash That Sent Bitcoin to $8,900

    (Bloomberg) -- Crypto exchange BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 Billion Fraud Is Among Biggest EverThe price of Bitc

    1 min read
  • BusinessCNN Business

    The average Wall Street bonus dipped 2% last year, to $176,500

    Last year may not have been wasn’t the most lucrative for Wall Street bankers working in New York City, but their bonus payouts still easily trounced US median household income.

    3 min read
  • BusinessZacks

    Zacks Industry Outlook Highlights Vulcan Materials, Eagle Materials and Summit Materials

    Vulcan Materials, Eagle Materials and Summit Materials have been highlighted in this Industry Outlook article.

    8 min read
  • USErie Times News

    Judge lets nurse proceed with sexual harassment case over conduct at Erie County Prison

    Plaintiff claims official at Erie County Prison spanked her, and she lost her job when she complained about "hostile work environment."

    2 min read
  • BusinessAFP

    Ben & Jerry's owner Unilever to spin off ice cream arm

    British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business.It added: "After separating Ice Cream and implementing the productivity programme, Unilever will have a structurally higher margin."

    2 min read
  • BusinessBloomberg

    Trading Floors Buzz With Excitement as BOJ Axes Negative Rates

    (Bloomberg) -- One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEvergrande’s Alleged $78 Billion Fraud Is Among Biggest EverThe bu

    5 min read
  • TechnologyEngadget

    GOG gets into cloud gaming with Amazon Luna partnership

    GOG, the gaming storefront owned by CD Projekt, is getting into cloud gaming by teaming up with Amazon Luna.

    2 min read
  • BusinessCoinDesk

    World's Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan

    Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.

    1 min read
  • BusinessCoinDesk

    Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations

    Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact.

    2 min read
  • USThe Bergen Record

    Looking for a rental? These are five of the best towns for renters in North Jersey

    While there's really nowhere in North Jersey that is technically "affordable," there are towns that have lower rents and more availability than others.

    5 min read
  • BusinessBloomberg

    Evergrande’s Alleged $78 Billion Fraud Is Among Biggest Ever

    (Bloomberg) -- China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in Investors’ Best InterestsEver

    5 min read
  • BusinessLivingston Daily | Daily Press & Argus

    Howell exec reflects on being a female boss in manufacturing

    Powell, 35, of Howell, runs operations at Medline Industries in Howell, where the manufacturer employs about 130 people.

    2 min read
  • BusinessCoinDesk

    Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg

    The presence of U.S. nationals on the platform has been a contentious issue for authorities as, officially, they are banned but continue to pop up.

    2 min read
  • BusinessBloomberg

    Japan’s Stock Rally Seen Motoring Ahead Despite BOJ’s Rate Hike

    (Bloomberg) -- The Bank of Japan’s decision to end its negative-interest-rate policy has left markets largely unruffled because it was flagged well in advance, and the nation’s stocks should be able to extend their recent rally, analysts say. Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorMusk Says His Ketamine Prescription Is in In

    4 min read
  • BusinessYork Daily Record

    Comings & goings: Dollar General opens in southern York County; Downtown Inc has new chief

    Also: A market in Yoe is closing.

    3 min read
  • BusinessCoinDesk

    Crypto Compliance Platform Keyring Raises $6M to Unlock DeFi for Institutions

    The company allows institutional investors to comply with regulations when interacting with DeFi, and recently facilitated a proof of concept trial with Nomura's crypto arm Laser Digital by building a compliance wrapper on top of USDC stablecoin.

    1 min read
  • BusinessCoinDesk

    Bitcoin No Longer Trading at a Premium on Coinbase, Data Show

    The so-called Coinbase premium has evaporated, indicating a weaker stateside buying pressure.

    1 min read
  • BusinessThe Monroe News

    Michigan Credit Union League honors Monroe's Kate Hall

    Kate Hall from Monroe Community Credit Union is Michigan Credit Union League's 2023 Young Professional of the Year.

    2 min read
  • BusinessCoinDesk

    Grab’s Singapore Users Can Now Use Crypto to Make Payments

    The Grab super app is now making available the option of paying in cryptocurrencies, The Straits Times reported Tuesday citing alerts from Grab users.

    1 min read
  • BusinessPetoskey News Review

    Free ride for truck driving school available from Michigan Works!

    Michigan Works! is offering free CDL training with any approved truck driving school. Those who qualify must start classes by June 30.

    1 min read
  • BusinessAFP

    AI titan Nvidia ramps up collaboration with Chinese auto giants

    Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles.Nvidia said other major Chinese EV firms, including XPeng, Li Auto, ZEEKR and GAC Aion have also adopted the Thor platform, which was first announced in 2022.

    2 min read
  • BusinessReuters

    Bitcoin slides 6%, while altcoins sparkle

    The price hit a record high of nearly $74,000 on Thursday last week, which has triggered some profit-taking, along with a series of U.S. data releases that suggested the Federal Reserve may not cut interest rates this year as much as previously thought. In the last week, bitcoin has fallen by nearly 9%, set for its largest week-on-week decline since last September, while ether has lost 13% following an upgrade to the underlying ethereum network.

    2 min read
  • BusinessReuters

    Unilever to spin off ice cream business, cut 7,500 jobs for cost savings

    Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings program.

    3 min read