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Former Disney COO Tom Staggs Emerges as Top Candidate for CBS...

Former Walt Disney Co. Chief Operating Officer Tom Staggs has emerged as a top candidate to become CBS Corp.’s CBS -1.28% new chief executive, people familiar with the matter said, as the network tries to move past months of uncertainty and upheaval since the departure of Leslie Moonves over allegations of sexual harassment.The interest in…

Micron Earnings Edge Views, But Revenue Light In Fiscal First Quarter...

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Mnuchin thinks there’s a simple reason the Dow is poised for...

Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus. Mnuchin during a Tuesday interview with Bloomberg News in Washington said that the effect of the…

Uber approved to restart self-driving tests in Pennsylvania – The Verge

Uber has been given the green light by Pennsylvania officials to restart its self-driving car tests on public roads. The program was shut down last March after a self-driving Uber vehicle struck and killed a pedestrian in Tempe, Arizona. The crash was the first death attributed to a self-driving car, and it was seen as…

Federal Reserve won’t hike rates ‘for all the right reasons,’ says...

The Federal Reserve won't raise rates on Wednesday "for all the right reasons," former Fed Governor Larry Lindsey told CNBC on Tuesday. The central bank is expected to announce whether or not it will hike rates by a quarter point on Wednesday and market consensus is that it will do so. "The Fed should not…

US stocks overcome late-session swoon to close higher – Fox Business

U.S. stocks overcame a late-session retreat that wiped out the day's gains to close higher as investors waited to see if the Federal Reserve would raise interest rates.All major equity indexes were up from the session opening, but about an hour before closing surrendered those gains after Senate Majority Leader Mitch McConnell, R-Kent., said Democrats had…

FedEx tumbles after lowering earnings guidance for 2019, cites slowdown in...

FedEx dropped more than 6% on Tuesday after the company lowered its 2019 earnings guidance and reported weakness in its international business, particularly in Europe, while announcing plans to cut costs. The logistics company lowered its full year 2019 earnings guidance to a range of $15.50 to $16.60 per share, down from $17.20 to $17.80…

GM to lay off about 50 workers at Brownstown battery plant...

CLOSE General Motors announced plans to close three assembly plants, one each in Michigan, Ohio and Ontario before the end of 2019. WochitGeneral Motors Brownstown Battery Assembly Plant worker Tina Oaks attaches wiring harnesses on a Spark EV battery pack Tuesday, May 13, 2014, in Brownstown.(Photo: John F. Martin for General Motors)General Motors on Tuesday…

AT&T’s 5G network is live in Dallas — but for now,...

AT&T announced Tuesday that its 5G network is live in parts of a dozen cities, including Dallas. And it said its first 5G-compatible device — a mobile hotspot — will soon be in the hands of some customers. It marks the Dallas-based carrier's latest steps toward a nationwide rollout of the next-generation mobile network that's expected to bring…

These states are selling gas below $2 amid holiday travel season...

The average price of gasoline has fallen below $2 per gallon in two states, and several more states could soon join as an oversupplied oil market sends prices downward ahead of the busy holiday travel season.Missouri and Oklahoma each had average gas prices below $2 per gallon as of Tuesday, according to Patrick DeHaan, head…