CNBC: Business

Wall Street: No turnaround yet for General Electric despite earnings boost

Few on Wall Street are calling GE's first-quarter earnings a turnaround for the embattled Dow component.

General Electric reportedly discussing sale of rail unit to Wabtec

General Electric is in discussions to sell its rail business to Wabtec, Bloomberg reported Friday.

The growth of cannabis culture could be bad news for beer: Analyst

The total U.S. cannabis industry will reach $75 billion by 2030, said Vivien Azer of Cowen.

GE sets aside $1.5 billion for investigation settlement after talks with the Justice Department

General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business.

Apple stock falls 4 percent, goes negative for the year

Apple shares have gone negative for the year, and the company was the worst-performing stock in the DJI Friday.
Closer euro area integration ‘pays off,’ says Italy’s finance minister

Closer euro area integration ‘pays off,’ says Italy’s finance minister

European leaders can build trust and fight populist threats by touting the economic benefits of closer integration, Italian Finance Minister Pier Carlo Padoan said Thursday.
What inspired Kate Hudson to take on Fabletics — and how she’s dealt with taking business risks

What inspired Kate Hudson to take on Fabletics — and how she’s dealt with taking business risks

"I felt like there's a wide space in this market. It's needed. I feel like women are going to love it," the actor said.
Honeywell raises full-year forecast as aerospace business soars

Honeywell raises full-year forecast as aerospace business soars

Honeywell reported a higher-than-expected profit for the first quarter on Friday.
Premier league soccer clubs announce record $700 million in profits

Premier league soccer clubs announce record $700 million in profits

Manchester City is still celebrating its clinching of the Premier League title, but all 20 teams in England’s top division have some reason to be happy.

General Electric shares jump as earnings top estimates, backs 2018 outlook

The first-quarter report offers further relief for GE, after last week's earnings restatement also held no nasty revelations.
Scandal-hit 1MDB hasn't been contacted by international investigators, CEO says

Scandal-hit 1MDB hasn't been contacted by international investigators, CEO says

1Malaysia Development Berhad is financially healthy, CEO Arul Kanda Kandasamy told CNBC.
British regulators to fine Barclays CEO, monitor whistleblowing program

British regulators to fine Barclays CEO, monitor whistleblowing program

Barclays will now be required to report to U.K. financial regulators on certain aspects of their whistleblowing programs.
JPMorgan, National Bank of Canada, others test debt issuance on blockchain

JPMorgan, National Bank of Canada, others test debt issuance on blockchain

JPMorgan is considering spinning off Quorum, its blockchain platform, because the technology has attracted significant outside interest.
Trade tensions are just one of the three biggest challenges for the global economy, IMF says

Trade tensions are just one of the three biggest challenges for the global economy, IMF says

Tao Zhang, from the International Monetary Fund, discusses the three biggest challenges in the world economy.

Two moms created a solution for the 'fragmented' children's apparel market

Two moms realized there was no centralized retailer catering to the children's apparel market. So they created their own.
China could end up hurting itself with trade action against US farmers. Here's how

China could end up hurting itself with trade action against US farmers. Here's how

Beijing's tit-for-tat trade spat with Washington could come back to bite China when it comes to soybeans.
Mattel's CEO Georgiadis heads to Ancestry. Toymaker taps Ynon Kreiz to replace her

Mattel's CEO Georgiadis heads to Ancestry. Toymaker taps Ynon Kreiz to replace her

Kreiz was slated to be elected as the board's chairman at its shareholder meeting on May 17.

Retailers need both online and physical presence to survive: Former Macy's CEO

Retailers will need to have both an online presence and physical stores, says former Macy's CEO Terry Lundgren.