Business

Shortly after taking over Unilever, Polman met with investors in London and withdrew guidance to security analysts and quarterly earnings, telling them, “My job is not to serve shareholders, but to serve consumers and our customers.” Of course, he believes that in doing so, Unilever will indeed serve its shareholders better over the long-term. Unilever’s
0 Comments
The first named tropical weather system of the 2018 hurricane season has formed. The National Hurricane Center says a disturbance moving toward the Gulf of Mexico is now Subtropical Storm Alberto. Alberto had top sustained winds of 40 mph early Friday and was located 55 miles south of Cozumel, Mexico. The storm was moving north-northeast
0 Comments
Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important parliamentary appearance since his State
0 Comments
Many U.S. companies have been putting more emphasis on hiring U.S. veterans lately — with some hosting big one-day events and others releasing goals of bringing on thousands of vets within a specific time period. T-Mobile is one of the latest to announce its intent to hire 10,000 veterans and military spouses during the next five
0 Comments
United Continental Holdings has selected former Federal Aviation Administration chief Jane Garvey as board chair, making her the first woman to lead the company’s directors, the carrier said on Thursday. “Jane steps into this critical role bringing with her decades of experience as both a leader and pioneer in our industry,” United Chief Executive Oscar
0 Comments
General Electric does not have plans to cut its dividend in 2019, people familiar with the situation told CNBC’s David Faber on Thursday. CEO John Flannery told analysts at a industry conference in Florida on Wednesday that GE will “have to see how” the company’s turnaround plan “play outs” before deciding whether to cut the
0 Comments
When it comes to business advice, there are few people better placed to bestow their wisdom than Jack Ma, the billionaire founder of Chinese e-commerce giant Alibaba. Good job, then, that he set up a university to share tips on the meteoric rise of one of the group’s leading companies, Taobao. Situated in Hangzhou, China,
0 Comments
Check out the companies making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, and same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said
0 Comments
Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted Tuesday to authorize a strike at any time starting June 1, a move that could cripple the city’s world-famous resorts. About 25,000 members of the Culinary Union who
0 Comments
Johannes Eisele | AFP | Getty Images The ZTE logo is seen on an office building in Shanghai on May 3, 2018. In exchange for Trump’s removal of the ban, ZTE will make major changes in management, board seats and potentially pay fines, according to the Journal. Details of the deal are still being worked
0 Comments
Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Britain’s government says it does not intend to refer U.S. media conglomerate Comcast‘s 22 billion pound ($30.7 billion) takeover offer for London-based Sky to competition authorities, saying the proposed merger doesn’t raise concerns on public interest grounds. Culture Secretary Matt Hancock says he’s “reviewed the
0 Comments
Toby Melville | Reuters Britain’s Prince Harry poses with Meghan Markle in the Sunken Garden of Kensington Palace, London, Britain, November 27, 2017. It seems as if everyone wants to know what Meghan Markle is wearing. The 36-year-old American actress, who’s set to marry Britian‘s Prince Harry on Saturday, has quickly morphed into a fashion
0 Comments
“The complexity of large-scale manufacturing and the challenges of successfully commercializing new technologies and new manufacturing and marketing techniques suggest that shareholders would be better served by having Musk focus on running the company, and allowing an independent director to run the board,” according to a copy of ISS’ recommendations seen by Reuters. The recommendations
0 Comments
A Cuban airliner with 113 people on board plummeted into a yuca field just after takeoff from Havana’s international airport on Friday. There was no immediate word on casualties, though residents told The Associated Press they saw at least some survivors being taken away in ambulances. A military officer who declined to provide his name
0 Comments
Check out the companies making headlines before the bell: Deere – The construction equipment maker missed estimates by 17 cents with adjusted quarterly profit of $3.14 per share, with revenue also falling short of forecasts. Deere did maintain its prior full year profit forecast. Campbell Soup – CEO Denise Morrison has announced her retirement, effective
0 Comments