Business

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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Throughout the twentieth century, business schools heralded General Electric (GE) as America’s most iconic company. It set the standards in leadership, organization, and effective management processes. The company delivered remarkable results over its storied history, evidenced by its stature as the only original component of the Dow Jones industrial average still on the list. Today
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Sessions, who was the first senator to endorse Trump’s presidential bid, said during his confirmation hearing that he “did not have communications with the Russians.” Following reports that Sessions had met twice with Kislyak during the campaign, Sessions issued a letter to Congress saying his previous testimony had been “correct,” but acknowledged the two incidents.
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As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
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Wal-Mart is creating a home for luxury fashion online. The big-box retailer announced Monday it has partnered with Lord & Taylor to create an online “flagship store” for the apparel retailer. The landing page will launch on Walmart.com in spring 2018. “Our goal is to create a premium fashion destination on Walmart.com,” Denise Incandela, head
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Venture capital continues to flow into the burgeoning satellite industry. Loft Orbital is the latest entrant, offering a “rideshare service” of buying satellites and then leasing space onboard to multiple customers. The company announced Monday it raised $3.2 million in a recent seed funding round led by Uncork Capital. “We want to make the experience
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American small businesses will also feel the pain, Okun explained. Many U.S. small and medium-sized enterprises depend on the exports of goods and services to Asia. They will likely become less competitive as a result of exclusion from the new TPP, which seeks to facilitate easier access to regional supply chains for SMEs. The picture
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Bone mineralization is one of those lack-of-gravity problems. For each month in space, Logan says the human body loses 1 percent of its bone mass. And, once back on Earth, the bones don’t grow back. “I’m not trying to throw cold water on the idea of going to Mars. I want to make sure we
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One of Europe’s smallest countries now holds claim to being a giant in the space industry. Luxembourg, with a population less than the state of Vermont, now generates nearly 2 percent of its annual gross domestic product from the space industry, according to Deputy Prime Minister Etienne Schneider. The country’s economy checked in just shy
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Shares of Cambridge, Mass.-based biopharmaceutical company Sage Therapeutics are popping after the company announced positive results in trials for a drug that may someday be available to treat those with postpartum depression. The company is up more than 40 percent to $96.75 this week following two Phase 3 trials evaluating brexanolone. The drug, formerly known
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News Corp. blew past earnings expectations Thursday, as the company presses ahead with efforts to turn its print news publications, such as The Wall Street Journal, into digital-first operations. Here’s how the company did compared to what Wall Street expected: EPS: 7 cents vs. 1 cent expected, according to Thomson Reuters Revenue: $2.06 billion vs.
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The Walt Disney Company share gained after the company said it plans to price its streaming service “substantially below” that of Netflix. The company said, however, that its service will be cheaper because it will initially have a smaller library than what the streaming giant offers. Disney said its goal is to attract as many
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