No old-line company embraced the digital wave with more gusto than General Electric. The industrial giant spent billions, hired thousands of software engineers and even created image-morphing television ads to recast itself as “a digital-industrial company.” The scope of G.E.
Wells Fargo investors got yet another jolt of bad news on Thursday with the disclosure that regulators are poised to impose a $1 billion penalty on the bank for infractions related to mortgage rate extensions, auto loans, risk compliance and other matters. That comes on top of the $4.
LOS ANGELES — Rupert Murdoch sold most of 21st Century Fox to Disney in December for $52.4 billion, spurning a proposal from Comcast that was 16 percent higher on a per-share basis, in part because Comcast refused to offer protections in the event of regulatory rejection.
On Monday, reeling from an incident at a Starbucks in Philadelphia that prompted accusations of racial bias, Howard Schultz, the company’s executive chairman, called the head of a nonprofit public-policy organization to discuss ways to prevent similar episodes in the future.
When a Southwest Airlines plane was inspected on Sunday, no problems with the aircraft or its engines were uncovered. Two days later, an engine on the plane broke apart shortly after takeoff from La Guardia Airport, killing a woman sitting in a window seat near the blast.