US News

Tess Torelli April 22, 2018

Xerox and Fujifilm Holdings are in “active talks” to renegotiate a deal the two struck in January, according to remarks by their lawyers at a court hearing Thursday. The $6.1 billion deal, which would combine Xerox into an existing joint venture with Fuji, drew opposition from prominent shareholders such as Darwin Deason, Xerox’s largest individual […]

Tess Torelli April 22, 2018

Shares of enterprise software company Pivotal started trading on Friday, the first day on the public market for the IPO. The stock opened at $16.75 per share, and traded up as high as 10 percent in the moments after opening, before losing gains. The stock closed up about 4.9 percent at $15.73. On Thursday Pivotal […]

Tess Torelli April 22, 2018

Getty Images Former FBI Director James Comey testifies before the Senate Intelligence Committee on Capitol Hill June 8, 2017 in Washington, DC. Former FBI director James Comey will visit Amazon on Monday for a fireside chat with employees. Comey is participating in one of Amazon’s “Fishbowl” events on the company’s campus, where he will discuss […]

Tess Torelli April 22, 2018

Skechers shares plunged by 28 percent Friday after the shoe retailer issued a disappointing outlook for the current quarter. The company said it expects to bring in sales of $1.12 billion to $1.145 billion during the period, along with diluted earnings per share of 38 cents to 43 cents. Analysts on average were calling for […]

Tess Torelli April 22, 2018

Last night I swiped myself out of the parking garage, used WAZE to avoid the Fenway Park pre-game crowd, removed the puppy’s electronic-fence collar before we went for a walk and streamed a crazily violent Netflix show after dinner. While I watched the episode, I used both my Amazon Prime and PayPal accounts to make […]

Tess Torelli April 22, 2018

General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business, the company revealed during its earnings report Friday. The industrial conglomerate set aside $1.5 billion of reserves for a potential legal settlement in connection with alleged subprime mortgage violations under GE Capital in […]

Tess Torelli April 22, 2018

Some people report using Facebook less, but that damage might be outweighed in an upcoming earnings report by healthy Instagram’s advertising sales. About 15 percent of users said in a poll that they will decrease their use of Facebook after a data scandal related to Cambridge Analytica, according to Daniel Ives, head of technology research […]

Tess Torelli April 21, 2018

Tesla shares fell Friday after news of another California state government probe into a workplace injury days after the same agency said it would look into workplace safety at Tesla’s facilities. California’s Occupational Safety and Health Administration, or Cal-OSHA, confirmed the investigation. “Cal/OSHA on Thursday, April 12 opened a multi-employer accident investigation with the Kansas […]