Corporate/Industrial News

My husband and I are divorcing. I brought $35K into the marriage. He wants me to subtract that money from our home’s equity. I say split the equity first

‘My company may IPO and make me a millionaire’: My boyfriend and I have a cohabitation agreement. If we split, would he have a right to my money?

Dear Quentin, I’ve been with my boyfriend for 10 years and we now co-own a home together in Tennessee. A lawyer helped us create a “cohabitation agreement” for our house purchase. We’ve never lived in a common-law state and — with the exception of a joint bank account to pay for our mortgage, utilities and …

‘My company may IPO and make me a millionaire’: My boyfriend and I have a cohabitation agreement. If we split, would he have a right to my money? Read More »

Verizon says government 5G limits haven't hurt business, expects resolution soon

Verizon says government 5G limits haven’t hurt business, expects resolution soon

Verizon Communications Inc. said limits on its 5G expansion haven’t hurt its ability to connect customers, though the wireless company is still waiting for firm government rules on where its signals can reach in the months ahead. Chief Executive Hans Vestberg said Tuesday that the company already covers 95 million people with the high-speed service despite temporary …

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The IRS is looking into reports of families receiving wrong information about child tax credit payments —  a problem that could affect their tax refunds

The IRS is looking into reports of families receiving wrong information about child tax credit payments — a problem that could affect their tax refunds

The Internal Revenue Service says it’s looking into reports that some families have received inaccurate figures from the IRS about their child tax credit payments — an important number that determines how big their tax refund will be this year. “We are still looking into some of the information we’ve heard about the information on …

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DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever

DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever

Like the broader stock markets, gig-economy companies staged a comeback of sorts to close out Monday’s volatile session, but not before DoorDash Inc. shares hit an all-time low and Airbnb Inc. flirted with its steepest drop on record. Major U.S. stock markets and indexes, which plunged in early trading due to a combination of factors …

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S&P 500 is close to a correction. Here's the number it needs to avoid

S&P 500 is close to a correction. Here’s the number it needs to avoid

Stock benchmarks on Monday were headed significantly lower near the open, as investors braced for a Federal Reserve gathering early this week that could set the tone for the rest of 2022, amid tensions centered on Russia over the military buildup on the border with Ukraine. On Monday, the S&P 500 index SPX, -2.10% was …

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Peloton takes another hit after another fictional heart attack, on 'Billions' this time

Peloton takes another hit after another fictional heart attack, on ‘Billions’ this time

Peloton Interactive Inc., which has seen its stock battered over the past year, is dealing with another potential PR disaster after a main character on Showtime’s “Billions” was shown suffering a heart attack while using a Peloton machine. The “Billions” scene comes on the heels of a fatal onscreen Peloton heart attack for a major …

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Retailer Kohl's said to have received takeover offer from consortium backed by activist hedge fund

Retailer Kohl’s said to have received takeover offer from consortium backed by activist hedge fund

A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl’s Corp.  KSS, -2.60%, according to people familiar with the matter. A group led by Acacia Research Corp. ACTG, -0.69%, which Starboard controls, offered to buy the department-store chain for $64 a share in cash Friday, the people …

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14 million Americans stopped working because they had COVID-19 or they were caring for someone with the virus

14 million Americans stopped working because they had COVID-19 or they were caring for someone with the virus

How big a toll has omicron had on the economy? Economists have been scratching their heads for weeks to estimate the damage the highly contagious COVID-19 variant is causing. The U.S. Census Bureau has some early answers. The U.S. Centers for Disease Control and Prevention reported that omicron was the most dominant COVID-19 strain in …

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Intel to build massive, $20 billion chip factory in Ohio: report

Intel to build massive, $20 billion chip factory in Ohio: report

Intel Corp. plans to build the world’s largest chip-manufacturing plant in Ohio as part of plans to reduce supply-chain problems and boost critical American industry, according to a new report. Time on Thursday night reported the chip maker plans to commit $20 billion to build at least two chip fabrication plants at a 1,000-acre site …

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Microsoft's Xbox chief promises to keep 'Call of Duty' on Sony's PlayStation console

Microsoft’s Xbox chief promises to keep ‘Call of Duty’ on Sony’s PlayStation console

Microsoft Corp.’s head of Xbox addressed fears late Thursday that the company will shut out competing consoles from Activision Blizzard Inc.’s flagship “Call of Duty” franchise. Microsoft’s MSFT, -0.57% gaming chief Phil Spencer tweeted regarding the company’s intentions late Thursday in an apparent bid to allay fears from those who use Sony Corp.’s SONY, +3.26% …

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