Barnes & Noble stock soars 20% as it explores a sale Barnes & Noble stock...

The board said Wednesday it had appointed a special committee to review offers. One came from longtime Barnes & Noble chairman Len Riggio. He is the company's largest shareholder, controlling close to 20%.Barnes &...

Honda teams up with GM on self-driving cars

GM and Cruise have been building and developing self-driving versions of GM's Chevrolet Bolt EV electric car with plans to deploy a fleet of them for public use next year. With Honda's engineering and...

Toys ‘R’ Us brand may be brought back to life

The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company's remaining assets are looking into restarting the business, as well as the...

Tencent Music plans to public on US exchange

This story originally published on October 2, 2018.The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing. That amount would...

JCPenney names Jill Soltau as its new CEO

The company announced on Tuesday that Soltau will take over as its chief executive beginning on October 15. JCPenney has been leaderless since Marvin Ellison left in May to take the top job at...

Amazon announces $15 minimum wage for all US employees

The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000 Amazon employees, plus 100,000 seasonal workers."We listened to...

S&P downgrades debt-riddled GE and GE Capital

Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody's and Fitch warned they could do the same.All three ratings firms cited GE's...

Volkswagen dumps jailed Audi CEO amid emissions probe

Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as chairman of the premium brand's management board, the autos group said in a statement Tuesday."Due to his...

Goldman Sachs slants research to help Democrats, top White House adviser says

The Goldman Sachs economics team "almost at times looks like the Democratic opposition," Hassett told CNN's Poppy Harlow on Tuesday.The comment came after Harlow asked Hassett about a Goldman Sachs research report warning that...

Tesla calms fears with strong sales numbers

The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3.Production...
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