by Thom Forbes on May 16, 7:54 AM
Brian Duperreault, a protege of deposed American International Group CEO Maurice R. (Hank) Greenberg for 21 years before he embarked on a career of turning around and starting up his own businesses in 1994, is returning to the troubled insurer as president, CEO and a director.
by Thom Forbes on May 15, 7:36 AM
Chief Uber-rival Lyft and Google-parent Alphabet Inc.'s autonomous-driving unit Waymo last night announced that they will be working together to make self-driving technology mainstream, confirming an earlier story yesterday by the New York Times' Mike Isaac.
by Thom Forbes on May 12, 7:53 AM
SoftBank Group has taken a big stake in the virtual future with a very tangible $502 million investment in the five-year-old British VR "gaming" company Improbable Worlds Ltd.
by Thom Forbes on May 11, 7:52 AM
After rumors of talks surfaced from Reuters and in the "Wall Street Journal," Abercrombie & Fitch issued a brief statement last evening to confirm that it is talking with "with several parties regarding a potential transaction with the company." Express and American Eagle Outfitters are said to be among the interested parties.
by Thom Forbes on May 10, 7:54 AM
How many critters can ride the tail feathers of a viral tweet? Let us recount, in the course of this story, all those aboard 16-year-old Carter Wilkerson's fanciful flight to gain enough retweets of his quest for a year's supply of Wendy's chicken nuggets - from Ellen DeGenerous to the "New York Times" to Stuff.com in New Zealand to GoDaddy to a couple of charities to, ultimately, we assembled here and elsewhere around all manner of social media and water coolers.
by Thom Forbes on May 9, 8:00 AM
As part of its ongoing strategy to stay relevant to a new class of consumers, Coach is paying $2.4 billion in cash for Kate Spade - a brand favored by Millennials that it had reportedly been pursuing for months.
by Thom Forbes on May 8, 7:48 AM
Presidential senior advisor and son-in-law Jared Kushner is taking heat after his sister pointed out to potential partners in China that an investment of $500,000 or more in the Kushner Companies' One Journal Square project in Jersey City, N.J., could grease the skids for permanent residency in the U.S. under the EB-5 visa program.
by Thom Forbes on May 5, 7:54 AM
A Northern California federal grand jury is reportedly reviewing evidence brought by the Justice Dept. against executives at Uber Technologies for its use of "Greyball" technology to evade transportation authorities in locales where the ride-sharing service has not been approved, report Reuters' Dan Levine and Joseph Menn.
by Thom Forbes on May 4, 7:42 AM
Apple CEO Tim Cook pledged yesterday to put aside $1 billion in a fund that will promote the creation of manufacturing jobs in the United States.
by Thom Forbes on May 3, 7:41 AM
After years of slacking and losing its once-hefty share of the education market to Google and Apple, Microsoft yesterday introduced a Surface Laptop aimed at college students and a modified version of Windows 10 that will only run applications downloaded from its Windows Store, as well as other enticements to "empower" - or win back - teachers and students from K to grad school.