Companies

On Monday, General Electric gave a board seat to Ed Garden, co-founder of the $12.7 billion hedge fund Trian Partners. And this morning, when Procter & Gamble holds its yearly shareholder meeting, all eyes will be on another Trian partner, activist investor Nelson Peltz. Trian owns a 1.5 percent stake in the struggling Cincinnati-based consumer […]

Amazon announced this week a new service on the West Coast which could encroach on territory currently held by the likes of UPS and Fedex. The online retail giant said it’s going to be overseeing deliveries for third party sellers. It will still use UPS and Fedex, but it might also choose to use its […]

It’s been weeks now since Hurricane Maria hit Puerto Rico, and still a vast majority of the island, nearly 90 percent, doesn’t have power. Elon Musk, on Twitter, suggested his solar power technology could be scaled up to rebuild the entire power grid, and the governor of the island, Ricardo Rossello, tweeted back “Let’s talk.”  […]

Two giant American corporations got some bad news from the European Union today. Amazon was ordered to repay several hundred million dollars in back taxes. And the EU  stepped up its campaign to extract billions in allegedly unpaid tax from Apple. Click the audio player above to hear the full story.