Business

Factory automation maker Emerson Electric on Tuesday withdrew its offer to buy Rockwell Automation after the smaller rival rebuffed its buyout offer twice. “We are disappointed that the Rockwell board refused even to discuss the potential combination of our two great companies,” Emerson Chief Executive David Farr said in a statement. Shares of Rockwell slipped
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The first time Josh Silverman addressed the staff of Etsy as their newly installed chief executive, he tried to connect with a work force known for its diversity, idealism and sincerity. “Hello,” he said. “My name is Josh. I identify as male. My preferred pronouns are ‘him’ and ‘he.’ Most people just call me Josh.”
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Moody’s retail analyst Charlie O’ Shea, who was in Bucks County, Pennsylvania, reported healthy traffic at local stores including consumer electronics chain Best Buy, clothing store Old Navy and retailer Kohl’s Corp. “The weather is cooperating and people here are out,” he said. The National Retail Federation is projecting that sales for November and December
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Accelerating growth, alongside increasing price pressures, will be welcomed by policymakers at the ECB who last month took a step towards weaning the euro zone off loose money. “We’ve been of the view that the PMIs have been in quite hawkish territory for some time now. If you continue to get numbers this strong there
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Sanjit Das | Bloomberg | Getty Images Workers hand-pick tea leaves at the Simulbari Tea Estate in Darjeeling district, West Bengal, India, on Dec. 7, 2015. Fernando’s prediction, if correct, could have severe consequences for the livelihoods of a massive population. Worldwide, an estimated 13 million people are involved in tea production, with the majority
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Two Boeing 747-400s sold on an Alibaba-owned e-commerce website for $48 million, making the pair of jumbo jets the highest-value sale ever for Taobao. The two “Queens of the Sky” were from a bankrupt cargo company, Jade Cargo International, and sold to Chinese logistics company SF Express, according to the listing. The Intermediate People’s Court
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CBS and PBS have both fired journalist Charlie Rose amid allegations of sexual misconduct. Rose, who hosts the interview program “Charlie Rose” on PBS and Bloomberg as well as “CBS This Morning,” was suspended Monday after a Washington Post report detailed multiple alleged sexual harassment incidents perpetrated by the journalist. CBS detailed the decision in
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Getty Images Don McGahn, general counsel for the Trump transition team, gets into an elevator in the lobby at Trump Tower, November 15, 2016. White House Counsel Don McGahn will be interviewed by investigators connected with Special Counsel Robert Mueller’s Russia probe some time in the next few weeks, CNBC learned Monday. The interview, which
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The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
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