Bayer AG plans to slash its dividend by 95% in an effort to dig itself out of a hole created by the acquisition of Monsanto Co. that saddled the German company with massive debt and waves of litigation.
Capital One Financial Corp. is exploring a potential acquisition of credit-card lender Discover Financial Services that would rank as one of the largest deals globally so far this year, people with knowledge of the matter said.
Two years of wrenching tech layoffs have weighed down the Bay Area’s job market in a big way — but experts say the impact has been somewhat mitigated by an industry realignment that’s led to significant hiring even as thousands of positions have been cut.
Disneyland’s new Pixar Place Hotel is commanding $500 a night for standard rooms and hundreds more for premium rooms and suites with rates that compare and sometimes exceed the more established Disneyland Hotel and Disney’s Grand Californian Hotel.
Wall Street traders reeling from an unexpected pickup in US inflation sent stocks and bonds higher on Wednesday. Equities rebounded after a slide in the previous session that was triggered by a reset in Federal Reserve rate-cut expectations — and amplified by moves in derivatives markets. The market’s favorite volatility gauge — the VIX — tumbled after closing at the highest since November. ...
Feb. 16—Two recent mergers involving long-standing Seattle-based banks offer a poignant reminder of the turmoil that has gripped regional banks since 2022. On Jan. 16, Seattle-based HomeStreet Bank announced it was being acquired by Denver-based FirstSun Capital Bancorp in a deal that, pending approval, is worth around $286 million. Founded in 1921 as the Continental Mortgage and Loan Co., ...
US banks are starting to ramp up purchases of everything from mortgage-backed securities to collateralized loan obligations after nearly two years of cutting back, adding fuel to a multi-month rally across credit markets.
OpenAI Chief Executive Officer Sam Altman is working to secure U.S. government approval for a massive venture to boost global manufacturing of artificial intelligence chips, an effort that risks raising national security and antitrust concerns in Washington, according to people familiar with the matter.
Hibaaq Abdillahi says meeting-free Fridays have dramatically boosted productivity at Oyster, a human resources firm where the 32-year-old brand manager works. At previous jobs, she had Summer Fridays, but that did little to relieve the feeling of being “just ready to be done” by the week’s end.
In the latest sign of a growing backlash within corporate America to the 88-year-old federal agency that enforces labor rights, Amazon argued in a legal filing Thursday that the National Labor Relations Board was unconstitutional.
Spokane International Airport is one of 114 facilities across the country that will receive a portion of $970 million in federal funds to pay for projects supported by President Joe Biden's Investing in America agenda.
In 2014, W.L. Gore & Associates stopped using a harmful chemical called PFOA in the technology it makes for waterproofing raincoats, hiking boots and other gear. The Newark, Delaware-based company’s shift came amid federal government pressure for the industry to phase out by 2015 the use of the cancer-causing compound, which is part of a broad group called per- and polyfluoroalkyl substances, or PFAS.
SpaceX had to wait a day, but it ended up knocking out a pristine launch in the wee hours Thursday for Intuitive Machines, aiming to be the first commercial company to successfully make a soft landing on the moon.