Carl Icahn Is Buying Up A Lot More Of Apple’s Stock
Carl Icahn is once again on the war path, coming after Apple’s massive cash pile. Still, he owns less than 1% of the company.
Carl Icahn is once again on the war path, coming after Apple’s massive cash pile. Still, he owns less than 1% of the company.
Convicted felon Bernie Madoff is back in prison after being hospitalized last month for a heart attack, CNBC reports. Madoff also has stage-four kidney disease.
As part of its 25th anniversary celebration this year, the news outlet is trying to pick the top CEOs for a program called “CNBC First 25.” The25 CEOs will be chosen with the help of an advisory board from a list of 200 nominees.
Lex Fenwick, CEO of Dow Jones and an alumnus of Bloomberg, is leaving the company. He is being replaced by an interim CEO, Will Lewis.
“We’re having a rocket in space later on this year; if you get a rocket in space, gaming is a simpler problem.”
Berkshire Hathaway will insure a $1 billion prize to anyone who accurately picks the winner of every NCAA tournament game this March as part of a competition from mortgage lender Quicken Loans.
A smart move given the recent industrywide drop in store traffic.
Two Mexican Nationals who were taken into custody in Texas are tied to the massive Target retail hack. The data breach from late last year affected as many as 110 million shoppers.
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Responses to a quarterly survey show that Citi’s institutional investors are rooting for either Peyton Manning or Colin Kaepernick.
Because it looks like their plan to become safer, more stable, and more profitable is working. “This is the biggest business mix transformation of any of the large banks.”
Cubicle Coma is real, and it’s an epidemic.
Profit falls 70 percent from a year ago thanks to $1.2 billion in legal expenses.
“We’re in the business of creating addicts,” he said. Richard Plepler joined BuzzFeed Business editor Peter Lauria for a BuzzFeed Brews session in New York.
The retailer said today it will use its @jcpnews Twitter handle to “begin breaking information exclusively through this channel.” Some analysts are dismayed given J.C. Penney’s volatility in the past year. Update: J.C. Penney said it won’t tweet “material information” exclusively from the Twitter account at this time.
Sony’s entertainment unit followed up its seven Golden Globe wins on Sunday by snagging 21 Oscar nominations today. So much for Loeb’s criticism that the unit was underperforming.
BuzzFeed and CBS This Morning bring you an interview with Business Editor Peter Lauria and HBO CEO Richard Plepler, live 6:30 - 7:15p ET.
But it still earned $2.33 billion in the quarter and substantially beat Wall Street expectations.
The National Labor Relations Board claimed that the retail chain has fired and punished employees for participating in legally protected activities.
Henrique DeCastro was fired by CEO Marissa Mayer, according to Re/code. But he is leaving with a huge golden parachute.
Ford announced the newest version of the world’s best-selling pickup truck earlier this week, and the newer, lighter model could drive prices up and fuel the gains that pickup truck sales generally have already seen in recent months.
The struggling department store company made the announcement a week after Macy’s said it would lay off 2,500 employees and shutter five stores.
The troubled local news service will find a new home with a private equity firm. The company said it would “partner” with Hale Global to do so.
3VR is one of many companies selling “big data video-mining” to retailers. It can figure out a customer’s age, gender and mood, on a scale of 1 to 10, in real time.
Dorsey spoke at the National Retail Federation’s annual expo on Wednesday about the potential of receipts while pitching Square.
Bank of America significantly narrowed losses in its mortgage division and the quality of its loans jumped up substantially.
Jonathan Ramsden has gained more influence and decision-making authority at Abercrombie as CEO Mike Jeffries’ hold on the company grows more tenuous, sources told BuzzFeed.
JPMorgan earns $5.3 billion on $24.1 billion in revenue, still hitting analysts’ expectations for the fourth quarter.
Right in the range it was expected to be, at $132.50 a share.