Business

Industrial giant General Electric is out of the Dow Jones industrial average and will be replaced by drugstore chain Walgreens Boots Alliance. GE was one of the original components of the index of 30 stocks in 1896. It has been a continuous member since 1907, or 111 years. In the past year, its stock has
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Giulia Marchi | Bloomberg | Getty Images Signage is displayed at the ZTE headquarters in Shenzhen, China, on Monday, June 4, 2018. The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration to save the company from possible bankruptcy.
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Employee resource groups or inclusion committees can provide an excellent way of educating colleagues and advancing your company’s diversity agenda, said Gebauer. Increasingly, companies are putting those kinds of networks in place. If your workplace doesn’t have one to suit you, Gebauer suggested collaborating with HR to create one, noting that such groups are most
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Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed
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“This is very worrisome for American agriculture generally,” said Dan Glickman, who served during the Clinton administration as agriculture secretary. “The business model of agriculture is an export business model, particularly for the program crops such as wheat, corn, cotton, rice and especially soybeans.” Glickman also said there could be fallout for GOP lawmakers from
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U.S. prosecutors have charged six current and former employees of San Francisco-based Fitbit, Inc. with possessing trade secrets stolen from rival company Jawbone. An indictment filed Thursday in federal court in Northern California says the employees received the stolen trade secrets after leaving Jawbone and knew they were not supposed to have them. Both companies
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U.S. business inventories rebounded in April, but a slight downward revision to retail stocks excluding motor vehicles suggested inventory investment’s contribution to second-quarter economic growth could be modest. The Commerce Department said on Thursday business inventories increased 0.3 percent after slipping 0.1 percent in March. Business inventories were previously reported to have been unchanged in
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You’re used to seeing Oscar-winning actor Forest Whitaker take the lead on the big screen. But, increasingly, he’s trying to lead the way on global sustainability issues, too. That’s because he believes he has a personal role to play in improving the planet, the “Black Panther” star told CNBC Make It. It all started with
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Dreschler said the car industry is particularly vulnerable because of its “just in time” production method. This is a manufacturing technique developed originally by Japanese firm Toyota that allows assembly lines to receive raw materials and components as required by production schedules. Dreschler warned that manufacturers, especially auto firms, will lose this flexibility as cross-border
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