Latest news from NYPost-Business feed

Latest news from NYPost-Business feed

  1. This national issue could be the stock market’s tipping point

    08.22 / 06:39 nypost.com NYPost-Business
    The stock market will be up against a lot of problems in the coming months. Today, I’m going to tell you about the trickiest — the wild card in the bunch. In my previous two columns, I’ve gone through 11 concerns — the bricks in the “wall of worry” that the stock market will be…
  2. No one wants to work at Oppenheimer & Co. since new exec started

    08.22 / 03:39 nypost.com NYPost-Business
    Wall Street’s newest recruits at Oppenheimer & Co. are “running for the doors,” as the son of the bank’s boss has laid off analysts and delayed promotions, The Post has learned. Robert Lowenthal, the son of 71-year-old Chairman and CEO Albert “Bud” Grinsfelder Lowenthal, has been swinging the ax at Oppenheimer’s investment-banking division since he…
  3. Buffett is a two-time loser in Texas energy bid

    08.22 / 03:39 nypost.com NYPost-Business
    The losses are piling up for Warren Buffett, and the latest is the size of Texas. Bankrupt Dallas utility Energy Future Holdings on Monday withdrew its support for a meticulously prepared, $9 billion buyout bid from Buffett — favoring instead a last-minute, $9.45 billion offer from San Diego, Calif.-based natural gas giant Sempra Energy. T…
  4. GE chief among finalists in Uber CEO search: sources

    08.21 / 23:34 nypost.com NYPost-Business
    DETROIT — Former General Electric Chief Executive Jeffrey Immelt is among the finalists being considered to run ride-hailing company Uber, but there’s no clear consensus among its board about a front-runner, two people briefed on the search said Monday. The people, who asked not to be identified because the search is confidential, said some boa…
  5. Martin Shkreli won over jurors with his ‘soft side’

    08.21 / 19:22 nypost.com NYPost-Business
    Repulsive “Pharma felon” Martin Shkreli showed “a soft side” to the jurors who acquitted him, one of the panelists told The Post on Monday. “I don’t think he is a bad person,” Juror No. 10, Lois Pounds, said. “He’s certainly egotistical, but he sort of has a soft side to him. Though that’s mixed…
  6. ADP snubs Bill Ackman’s nominations to its board

    08.21 / 17:23 nypost.com NYPost-Business
    The battle between Bill Ackman and Automatic Data Processing will not end quietly. Payroll processor ADP said Monday that it won’t nominate the activist investor’s candidates to its board, setting the stage for an expensive proxy battle. In a cheeky rebuke, ADP said the three nominees submitted by Ackman’s Pershing Square hedge fund — includi…
  7. Chinese auto giant interested in buying Fiat Chrysler

    08.21 / 15:12 nypost.com NYPost-Business
    China’s Great Wall Motor Co. is interested in bidding for Fiat Chrysler Automobiles, a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. There has been speculation over Chinese interest in FCA since Automotive News reported last week that an…
  8. Foxconn says it plans to build facilities in Wisconsin next year

    08.21 / 14:12 nypost.com NYPost-Business
    Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020. Foxconn, which makes electronics under contract for clients such as Apple, announced its $10 billion…
  9. Herbalife’s stock jumps as it reveals it was in buyout talks

    08.21 / 14:12 nypost.com NYPost-Business
    Herbalife shares surged in early trading Monday after the nutritional supplement company announced plans to repurchase stock and revealed that it recently entertained going private. The shares jumped as much as 8 percent to $67 in pre-market trades as Herbalife said it would repurchase up to $600 million shares priced between $60 and $68…