Business

Amazon narrows the list of metro areas for its new headquarters to 20

Amazon says it will spend $5 billion in the city where it builds its second headquarters and will employ 50,000 there.

Business

Space companies received $3.9 billion in private investment during 'the year of commercial launch'

The entrepreneurial space age is well underway, according to a report by investment firm Space Angels.

Business

Nestle sells US candy to Ferrero amid health push

Swiss food group Nestle agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion.

Business

GE to take $6.2 billion charge related to its legacy reinsurance businesses; stock falls 3.8%

GE said on Tuesday it would record an after-tax charge of $6.2 billion for the fourth quarter related to its finance arm's run-off insurance portfolio.

Business

Fiat Chrysler to invest more than $1 billion in Michigan plant and give $2,000 bonuses in response to tax reform

CEO Sergio Marchionne said in a statement that these announcements reflect the company's ongoing commitment to manufacturing in the U.S.

Business

Nestle to pick US chocolate business buyer by end of week: Report

Food giant Nestle plans to pick a buyer for its U.S. chocolate business in a deal expected to top $2.5 billion.

Business

Valeant CEO looks to boost performance with seven key products

The CEO cites a $1 billion portfolio of new products as a big driver of potential success.

Business

Shire cuts 2020 revenue target, prepares for spin-off of ADHD drugs

Shire ditched its revenue target of $20 billion by 2020 due to increased generic competition and new drugs from rivals.

Business

Caterpillar's $2 billion tax fight with the IRS could change how US companies do business

Federal officials raided Caterpillar in March, and the outcome of the investigation could influence other U.S. companies' tax strategies, WSJ reports.

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