Category: Business News

ABB buys GE business for $2.6 billion

Power grids maker ABB is buying General Electric’s Industrial Solutions business for $2.6 billion on a bet that it can improve lackluster margins at the unit over the next five years, the Swiss engineering...

Tax plan could mean good things for stocks

The much anticipated tax plan, crafted by the Trump administration and Republican Congressional leadership, is expected to be unveiled Wednesday, and that could provide positive momentum for stocks in the final week of the...

China imposes limit on oil supply to North Korea

China announced Saturday that it will limit energy supplies to North Korea and stop buying its textiles under U.N. sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally....

T-Mobile and Sprint are talking about a merger

T-Mobile (TMUS) and Sprint (S) are in active talks about a merger of the two wireless companies, according to people close to the situation. Both companies and their parents, Deutsche Telecom and Softbank, have been in frequent conversations...