- General Electric Co is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co , according to a person familiar with the matter, as the industrial conglomerate returns to its roots.
Recent Business News
- Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources.
TORONTO/PARIS - Canada's Bombardier Inc said on Friday it is in advanced discussions to sell its new CSeries jet to airlines in North America, without identifying the prospective buyers.
LONDON - The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight.
SAN FRANCISCO - California has given carmaker Volkswagen until November 20 to come up with a plan to fix the diesel cars affected by its rigging of emissions tests, a spokesman for the California Air Resources Board (CARB) said on Friday.
WASHINGTON - U.S. import prices fell only slightly in September, offset by recovering oil prices, suggesting a slowdown in the rate of imported deflation is occurring which may eventually allow the Federal Reserve to raise interest rates.