Blue Apron Holdings Inc (APRN) said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Amazon.com Inc (AMZN). Continue Reading Below Blue Apron, which went public in June has […]
FOX Business News
Should Raytheon Raise Its Dividend?
Shares of Raytheon (NYSE: RTN) have climbed 29% so far this year, giving investors in the company little reason to complain. But one side-product of the soaring stock price is a rather pedestrian 1.64% dividend yield. Given the company’s suddenly inflated valuation, trading at more than 25 times trailing 12-month […]
States ask US court to keep up health subsidies cut by Trump
SACRAMENTO, Calif. – Top government lawyers representing 19 U.S. states on Wednesday asked a federal judge in California to force the administration of President Donald Trump to make health care subsidy payments that Trump abruptly cut off last week. Continue Reading Below The monthly payments would normally be scheduled to […]
Iowa governor pushes Trump to preserve ethanol quotas
DES MOINES, Iowa – Iowa’s Republican governor on Wednesday called on President Donald Trump and his administration to preserve a federal program mandating that biofuels such as corn-based ethanol be blended into gasoline and diesel following a proposal from the Environmental Protection Agency to lower production targets for renewable fuels. […]
‘American Chopper’ is coming back to Discovery Channel
“American Chopper” will return to the Discovery Channel next year, five years after its first run on the network ended. Continue Reading Below The reality series follows feuding father and son motorcycle builders Paul Teutul (TUHT’-ehl) Sr. and Paul Teutul Jr. as they put together chopper-style bikes for a high-profile […]
Mexican fishing group: Proposed fish ban to hurt tuna catch
MEXICO CITY – A group representing Mexico’s leading fish canners says a proposal to create a non-fishing marine park off the Revillagigedo Islands in the Pacific could reduce catches in Mexican waters by 20 percent. Continue Reading Below The Pacific Alliance for Sustainable Tuna says the ban could cut annual […]
Business Highlights
___ Continue Reading Below Corporations to keep tax break lost by millions of Americans WASHINGTON (AP) — Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal […]
Here’s how much money companies stashed overseas in 2016
Nearly three-quarters of Fortune 500 companies held some cash overseas last year, according to a new study, with tech giant Apple (AAPL) leading the pack. Continue Reading Below Seventy-three percent of Fortune 500 companies, or 366 businesses, operated one or more subsidiaries in tax haven countries in 2016, according to […]
AmEX CEO Kenneth Chenault stepping down, Stephen Squeri takes over
Credit card issuer American Express Co (AXP) said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri. Continue Reading Below Net income attributable to common shareholders rose to $1.36 billion, or $1.50 per share, in the third quarter ended Sept. 30, from […]
American Express tops Street 3Q forecasts
NEW YORK (AP) – American Express Co. (AXP) on Wednesday reported third-quarter earnings of $1.36 billion. Continue Reading Below On a per-share basis, the New York-based company said it had profit of $1.50. The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research […]