Business

Scott Mlyn | CNBC A pedestrian passes by a Black Friday discount sign at a Joe Fresh retail store in New York. Do yourself a favor and plan before you hit the stores on Black Friday, or even earlier if you choose to venture out on Thanksgiving. This year, as …

Glenn Chapman | AFP | Getty Images US superstar tennis player Serena Williams (R) discusses her tennis career and pending motherhood with journalist Gayle King during the TED Conference on April 25, 2017 in Vancouver, Canada. The company that produces “TED Talks” is wrestling with accusations of sexual harassment at …

Getty Images Hard hats with the lettering ‘Siemens’ hang on a wall in Nuremberg, southern Germany in a steam turbine plant on June 22, 2017. German manufacturing conglomerate Siemens announced on Thursday that it was cutting 6,900 jobs worldwide in response to changes in the energy and commodity sectors. Roughly …

Prashanth Vishwanathan | Bloomberg | Getty Images John Flannery, General Electric Maybe the worst has passed for General Electric after the company dropped more than 12 percent in two days and saw its worst trading day since 2009. The company rebounded above $18 a share Wednesday after falling as low …

General Electric said Monday it was cutting its dividend in half, a move that could cause many long-time shareholders in the 125 year-old conglomerate to flee, but also free up much needed capital to fund a turnaround for the one-time American bellwether. GE said it was cutting its quarterly payout …

Not that long ago, General Electric was seen as the very model of corporate success, the American capitalist system in action under a sprawling umbrella of synergized interests. No more. As the company limps into its investor day presentation Monday, it has gone from a paradigm of success to a …

David Paul Morris | Bloomberg | Getty Images Daniel Loeb, chief executive officer of Third Point LLC, speaks at the Skybridge Alternatives conference in Las Vegas, May 18, 2017. Another U.S. mall landlord could be facing activist pressure. Dan Loeb’s hedge fund, Third Point, has reportedly built a position in …

Timothy A. Clary | AFP | Getty Images Bernard L. Madoff leaves U.S. Federal Court on Jan. 14, 2009, after a hearing regarding his bail in New York. Bernie Madoff’s victims will start to see some monetary relief soon. The Department of Justice announced Thursday that an initial distribution had …

For Alibaba, the future is retail. And a lot of it. This Saturday, the Chinese e-commerce giant will hold its annual Singles’ Day event, which last year grossed a whopping $17.8 billion in sales, up from $14.3 billion in 2015. To put those sales figures into perspective, Singles’ Day has …

ouis Ascui | Fairfax Media | Getty Images Jack Dorsey, CEO of Square Square reported quarterly earnings and revenue that beat analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: EPS: 7 cents vs. 5 cents expected according to Thomson Reuters. Revenue: $257 million …