Toshiba Just Missed Its Earnings Deadline for the Second Time – Fortune

Japan’s Toshiba (tosbf) failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its U.S. nuclear unit Westinghouse. With its financial woes only deepening, Toshiba said it would speed up looking at whether to sell a majority of Westinghouse even […]

Image Issues at Uber Again – Huffington Post

From day one, Uber has had a target on its back because it provides a product that many believe is superior to established taxi and shuttle services. Many users love Uber because it provides a more convenient, easier-to-use, and often less expensive way to get from A to B. As expected, these advantages have incurred […]

JC Penney to close 130 to 140 stores, sales dip – MarketWatch

Add J.C. Penney Co. to the growing list of American retailers that will shrink to survive a shift away from traditional stores. The 114-year-old chain, which had avoided mass closings despite years of losses, said it would shut as many as 140 of its roughly 1,000 stores by June. The company said it was […]

Asia Shares Ease, Dollar Steadies After Fed-Led Losses – Fox Business

Asian stocks eased from a 19-month high on Thursday, while the dollar made an uneven recovery from losses suffered after Federal Reserve minutes indicated a cautious approach to raising U.S. interest rates. Continue Reading Below MSCI’s broadest index of Asia-Pacific shares outside Japan edged down almost 0.1 percent having jumped to its highest level […]

Nissan says Ghosn to relinquish CEO role, Saikawa to take helm – CNBC

“Having recently taken on new responsibilities at Mitsubishi Motors … I have decided that the time is right for Hiroto Saikawa to succeed me as Nissan’s CEO,” Ghosn said in a statement. “As Nissan’s chairman, I will continue to supervise and guide the company, both independently and within the Renault-Nissan-Mitsubishi Alliance,” he said, adding that […]

White House says Conway has been ‘counseled’ after touting Ivanka Trump’s products – Washington Post

White House says Conway has been ‘counseled’ after touting Ivanka Trump’s products – Washington Post

The White House on Thursday said that a top adviser to President Trump had been “counseled” after using a television appearance from the West Wing to promote the clothing and jewelry line sold under the brand of Trump’s daughter. The endorsement, in which Kellyanne Conway told Fox News Channel viewers to “go buy Ivanka’s stuff,” […]

Trump’s Oval Office Tweets Force CEOs to Choose Fight or Flight – Bloomberg

President Donald Trump is injecting himself into the daily business of U.S. companies to an unprecedented extent, spurring investors and executives to weigh their exposure to his wrath when making decisions. The latest was Nordstrom Inc., which drew Trump’s public anger on Twitter Wednesday for discontinuing his daughter Ivanka’s line, saying sales had slumped. Trump […]

US Health Insurance Mergers Killed as Companies Plot Moves – Bloomberg

After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to competition in the industry. Now, the companies are right back where they started. Anthem Inc.’s $48 billion deal to buy […]

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