The ‘fantastic’ and ‘lucrative’ Larry Culp: What the incoming CEO brings to troubled GE

Source: FactSet Culp also grew Danaher revenues steadily, with the peak of the financial crisis in 2009 marking its only negative year of sales growth while he was in charge. He is telling GE staff that "everything is on the table" to try to revive the fallen industrial giant, according to Cramer. Flannery had been…

Elon Musk’s Ultimatum to Tesla: Fight the S.E.C., or I Quit

On Saturday, the company and Mr. Musk finally agreed to settle the matter, ending a crisis that began with Mr. Musk's now-infamous Twitter post saying that he had "funding secured" for a buyout at $420 a share. Mr. Musk's 48 hours of obstinance came at a significant price to him and the company. They had…

Juul asks regulators to stop 18 companies from selling lookalike e-cigarettes

Juul wants regulators to order 18 companies to stop selling e-cigarettes that Juul claims infringe on its patents. The San Francisco-based company filed a complaint Wednesday with the U.S. International Trade Commission alleging these companies "blatantly emulated the distinctive design" of Juul's system. In its request, Juul wants the agency to prevent these products from…

‘Trade wars’ are not good for energy security, Russia’s energy minister warns

Ozan Kose | AFP | Getty Images Russian Energy Minister Alexander Novak (C) speaks next to Mohammed bin Saleh al-Sada (R), President of the Organisation of Petroleum Exporting Countries (OPEC) during a press conference at the 23rd World Energy Congress on October 12, 2016 in Istanbul. Rising trade tensions and "protectionism" in trade policies are…

Dow rallies 150 points to record after strong jobs data

Treasury yields rose after the report's release, with the 10-year yield rising to 3.086 percent. The higher yields pushed bank shares higher. J.P. Morgan Chase and Bank of America both rose 0.7 percent while Citigroup shares gained 0.8 percent. Other data released Wednesday include the ISM non-manufacturing index for September, which reached its highest level…

PepsiCo CFO Hugh Johnston says cola maker is taking a hard look at cannabis...

PepsiCo is taking a hard look at the cannabis industry as other beverage makers explore the market. "I think we'll look at it critically, but I'm not prepared to share any plans that we may have in the space right now," Chief Financial Officer Hugh Johnston told Jim Cramer and Sara Eisen on CNBC's Squawk…

India’s sluggish housing market may deteriorate further if the central bank hikes rates

Shishir Baijal, chairman and managing director of Knight Frank India, also said that higher interest rates would not help to create the environment needed to improve demand in the housing market, which constitutes the majority of the country's real estate sector. "It won't be the fillip which is required for the housing sector to pick…

Xi and Putin are more trusted than Trump in world affairs, global Pew survey...

Thirty percent of respondents trusted Russian President Vladimir Putin to do the right thing with Trump trailing behind, scoring 27 percent. The non-partisan, Washington-based think tank Pew surveyed 26,112 respondents in 25 countries from mid-May to mid-August. It said its latest survey showed that international citizens have expressed "significant concerns about America's role in world…

Why GE removed John Flannery as CEO after little more than a year

General Electric's board of directors removed John Flannery as CEO due to frustration with the pace of his turnaround plan for the embattled industrial conglomerate, sources familiar with the situation told CNBC. Flannery took on the job in August 2017. "The board was unsatisfied with the execution that was taking place under John Flannery's leadership,"…

Jeff Bezos shares his advice for dealing with criticism

To deal with those conflicting views, Bezos said it's important to develop a framework. For him, that means listening to criticism, asking if it's right — or at least partially right — and then changing as needed. "You listen, you ask are they right, or even if they're not completely right is there some piece…

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