President-elect Donald Trump announces Exxon Mobil Corp’s Rex Tillerson as his choice for secretary of state, praising the business leader as a successful international dealmaker who has led a global operation. Chris Dignam reports. Continue reading
U.S. President-elect Donald Trump took aim at another major defense contractor on Monday, saying the cost of Lockheed Martin’s F-35 fighter jet program was too high. Conway Gittens reports. Continue reading
Trump tweets Lockheed Martin’s F-35 fighter jet costs are too high. Lockheed stock drops in early trading.
National Amusements, the majority stakeholder in both, CBS and Viacom, is pulling its support for the merger between the media giants that was outlined in September. Jeanne Yurman reports. Continue reading
Trump nominates Ben Carson to head the Department of Housing and Urban Development.
The pressure to capture a rapidly growing percentage of online holiday sales is pushing Walmart and other retailers to offer deals sooner and sooner. Jeanne Yurman reports. Continue reading
(Reuters Business Report) – Barnes and Noble Education making its debut on the New York Stock Exchange. The spinoff of the bookstore chain’s college bookstore business having a tough first day of trading. The stock, ticker BNED, under pressure.
Piece of plane debris that washed up on the French island of Reunion and is thought to be from a Boeing 777 departs for France to be inspected.
(REUTERS) – Tech stocks drove the Nasdaq to a record high, The S&P 500 also moving hgher. A broad-based decline led by energy stocks dragged the Dow lower.
Fortune magazine releases its 50 Greatest Leaders list for 2015.