Recent Business News
American International Group Inc said on Monday it will reorganize into three new business units and will no longer have separate commercial and consumer units, marking the first significant move by new Chief Executive Brian Duperreault.
CHICAGO Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour -- the so-called "living wage" labor advocates across the United States are campaigning for.
TOKYO Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.
D.R. Horton Inc , the No.1 U.S. homebuilder, drastically cut its 2017 forecast for cash flow from operations due to delays caused by the recent hurricanes, becoming the second homebuilder to say natural disasters have hurt operations.
U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of disappointing news on its drug development pipeline.
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