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General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday. The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be …

In the battle for market leadership, consumer discretionary stocks are nipping at technology’s heels. Some market watchers agree that one of the high-flying groups is the better bet going forward. The S&P 500 tech sector is the top performer this year, rallying nearly 17 percent, while the consumer discretionary sector …

Nicholas Bamulanzeki | AFP | Getty Images Ugandan President Yoweri Museveni delivers his state of the nation address in Kampala, Uganda, on June 6, 2018. Uganda has about 23.6 million mobile phone subscribers, 17 million of whom use the internet, Reuters reported, citing the Uganda Communications Commission. “Facebook may well …