Keith Sherin, who helped steer General Electric Co. through the depths of the financial crisis and then shrank the company’s massive lending business, is retiring after 35 years at the company.
Given Chinese banks’ increasing exposure to mortgage lending, they will have more on the line the next time prices turn south.
As Salesforce.com gets set to report earnings, the question is whether its latest spate of deals and potential to do more are masking other concerns.
A potential merger of Potash Corp of Saskatchewan and Agrium shows the level of desperation in the industry but would raise competition concerns.
Newmont Mining’s exit from Indonesia after more than three decades operating there—and following by weeks BHP Billiton’s sale of its Indonesian coal interests—illustrates foreign miners’ growing difficulties in the Southeast Asian country.
Google is moving onto Uber’s turf with its own ride-sharing service in San Francisco that would help commuters carpool at far cheaper rates, jumping into a booming but fiercely competitive market.
Now that a deal with Hershey is off the table, snack giant Mondelez is going about its plan to dramatically cut costs and become more profitable without the help of a big acquisition.
Abercrombie & Fitch’s second-quarter results show it still has a long way to go to win back teens with its repositioned brands.
Sprint Corp. and T-Mobile US Inc. recently said they would scrap data caps and give customers a simpler option: unlimited everything at a single price. But the plans have restrictions.
Loan growth was robust in the second quarter, an encouraging sign, but will it stay strong if rates start to rise?