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Finance
Macy’s shares surge 21% after it receives $5.8 billion buyout offer
Arkhouse Management and Brigade Capital Management have offered to buy Macy's for $5.8 billion, people familiar with the matter told CNBC on Sunday.The offer values the retailer at…
Warren Buffett’s Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%
Warren Buffett tours the floor ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska.David A. Grogan | CNBCWarren Buffett's conglomerate Berkshire…
Federal jury decides Google’s Android app store benefits from anticompetitive barriers
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is…
We are downgrading Oracle and cutting our price target after another bad quarter
Oracle shares are taking a hit in the aftermarket following another disappointing quarterly report. While earnings at the cloud infrastructure company edged out Wall Street…
India overtakes Hong Kong to become the world’s seventh largest stock market
A security guard walks past the National Stock Exchange of India building in Mumbai, India.Dhiraj Singh | Bloomberg | Getty ImagesIndia's stock market value has overtaken Hong…
Ford cuts planned 2024 production of electric F-150 Lightning in half
Ford workers produce the electric F-150 Lightning pickup at the automaker's Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor will cut…
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by…
Amazon drone delivery executive who oversaw safety, FAA relations departs the company
Amazon has lost a high-profile executive in its drone delivery unit who was the company's primary liaison with federal regulators, CNBC has learned.Sean Cassidy, Prime Air's…
UAW files unfair labor practice charges against Hyundai, Honda and VW, accusing them of union busting
United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023.ScreenshotDETROIT — The…
Bernie Madoff victims get $159 million from Ponzi recovery fund in latest payout
Bernie Madoff leaves federal court in New York on March 10, 2009.Jin Lee | Bloomberg via Getty ImagesThe fund for victims of Bernie Madoff's historic Ponzi scheme has begun its…