Co. GE 2.01% is giving up majority control of Baker Hughes , BHGE -0.29% selling shares in the oil-field services firm that will raise about $3 billion cash but trigger a more-than-$7 billion accounting charge. GE executives have said they planned to wind down their stake in the business, which GE acquired when it merged its struggling oilContinue Reading


Uber is still bleeding cash, and that’s unfortunately contributing to job cuts. The ridesharing firm has laid off 435 employees in its product and engineering groups, or about 8 percent of the two divisions. The company isn’t shy about the reasoning. In a statement, Uber told TechCrunch that it hired in a “decentralized way” toContinue Reading


Bristol-Myers Squibb (NYSE:BMY) isn’t having a great year. The big pharma stock has spent most of 2019 in negative territory. Many investors weren’t happy with the decision to acquire Celgene (NASDAQ:CELG). And BMS has experienced some clinical-study disappointments for its blockbuster cancer drug, Opdivo. But is Bristol-Myers Squibb still a smart pick for long-term investors?Continue Reading

t mob

Yesterday, the City of New York sued T-Mobile for engaging in fraudulent business practices at its Metro by T-Mobile New York Division stores. Ars Technica reported that the allegations are against Metro for routinely selling used phones as if they were new and charging customers for services they didn’t want or evenContinue Reading