New CEO John Flannery’s ambition to pare away everything that could stand in the way of General Electric’s return to its industrial core became clearer Friday with plans to shed more than $20 billion in operations over the next couple of years.
With youth participation waning and football facing increased concerns over head trauma, the future of the game could well come down to the work being done in a windowless room in a generic suburban Chicago office building.
U.S. home sales rose slightly last month as the Houston housing market quickly recovered from Hurricane Harvey. Still, a shortage of available homes is thwarting many would-be buyers and limiting sales.
Whitefish Energy from Whitefish, Montana, signed a $300 million contract with the Puerto Rico Electric Power Authorityto repair and rebuild electrical transmission infrastructure on the hurricane-ravaged island.
Arkansas’ capital city pre-emptively broke up with Amazon Thursday rather than submit a long-shot bid for the e-commerce giant’s second headquarters, telling the company in a full-page newspaper ad: “It’s not you, it’s us.”
SEATTLE – Washington state’s King and Snohomish counties are urging Amazon to keep its second headquarters local. In a joint bid for the company’s “HQ2” submitted Thursday, the counties touted “a world-class workforce,” “unbeatable lifestyle” and “sustainable environment with a growing public transportation infrastructure.” They offered up 10 potential sites for Amazon to choose from: Arlington and Marysville; Auburn; Bellevue; Bothell; Everett; Kenmore; Lynnwood; Renton; Tukwila; and the Tulalip Tribes’ reservation.
The National Rifle Association is offering insurance for people who shoot someone, stirring criticism from gun-control advocates who say it could foster more violence and give gun owners a false sense of security to shoot first and ask questions later.
In the six weeks since Amazon said it was seeking a site for a second headquarters, cities have preened. They’ve sent delegations to Seattle, bragged about their university engineering programs and tried to ship cactuses to Jeff Bezos. Thursday evening, the curtain will close on the first act of Amazon’s civic beauty pageant.
Virtually no one is predicting a repeat of “Black Monday,” which was the stock market’s worst day in history and happened when conditions were different from today. But several worries are circulating underneath the market’s placid surface.