Category: Business News

Everything on Wall Street is shrinking

Bad news for Wall Street. The New York City securities industry earned 18% less in the first half of this year than last year, according to New York State Comptroller Thomas DiNapoli’s annual Wall Street...

General Electric: out of stock

“Our diversification gives you more consistent performance that ought to be valued in the cycle we’re in today, and we have the potential to continue to generate high returns with this set of businesses.”...

Stock buyback binge running out of steam?

Google parent Alphabet (GOOGL) announced a $7 billion buyback yesterday after the close. That got a lot of attention, but the buyback trend has been declining all year. That $7 billion buyback would reduce...

GE in talks with Baker Hughes for deal

General Electric is in talks for a possible deal with oil services provider Baker Hughes, which could result in the industrial manufacturer shedding a big portion of its energy business. “We are in discussion...

Twitter axes its Vine video service

Twitter has announced it is to close its video sharing service Vine about four years after it launched. Vine let people share six-second-long video clips that played on a loop. Twitter did not give...