Business

In wake of Attorney General Jeff Sessions‘ repeal of Obama era guidance on legal marijuana, Denver Mayor Michael Hancock is more worried about the marijuana business than he is about a law enforcement crackdown on weed. “When we see an industry, that is dependent upon investors, people who are putting their hard-earned money into the
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A subsidiary of Canada’s Brookfield Asset Management plans to acquire Westinghouse Electric, the bankrupt nuclear services company owned by Toshiba, for $4.6 billion. Brookfield Business Partners said in a statement on Thursday that it and institutional partners would use $1 billion of equity and $3 billion of long-term debt financing to buy the Pittsburgh-based business,
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Brian Snyder | Reuters A notice board shows cancelled flights at Logan International Airport during a winter snow storm in Boston, Massachusetts, U.S., January 4, 2018. A massive winter storm is moving out of the northeastern U.S. region, but flight disruptions will continue through the end of the week. Airlines canceled 614 flights scheduled for
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But the off-grid water movement has become more than the fringe phenomenon it once was, with sophisticated marketing, cultural cachet, millions of dollars in funding and influential supporters from Silicon Valley. One recent morning in the hills of Berkeley, Calif., Cody Friesen, the founder and chief executive of Zero Mass Water, was inspecting water collection
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Caterpillar Inc. has long used a subsidiary in Geneva, Switzerland, called Caterpillar SARL, to process sales and profits for international orders, and the IRS wants the heavy-machinery maker to pay a $2 billion tax bill on that business, according to The Wall Street Journal. Although the company maintains that its Swiss strategy, which results in
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In a New Year telegram to U.S. President Donald Trump, Russia’s President Vladimir Putin says a constructive dialogue between the two nations is essential for global stability. The Kremlin said Saturday that Putin emphasized in his Seasons Greetings to Trump that Russia and the U.S. could develop a “pragmatic cooperation aimed at long-term perspective” on
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A Democratic congressional candidate outside Philadelphia calls the Republican tax overhaul a “cynical bill” that will redistribute wealth upward. One of her counterparts in California dismisses estimates of tax savings for most U.S. households and says the legislation is “just putting money in the pocket of the wealthy.” And in Kansas, a Democratic candidate for
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After the African nation dealt with around four decades of Mugabe’s rule, Mnangagwa told the public that Zimbabwe was entering a new stage of democracy. With the new leader promising to boost the economy by tackling unemployment and poverty, people worldwide will be paying close attention to Mnangagwa’s actions in 2018, to see how he
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Amazon‘s search for a second headquarters outside Seattle is just the beginning of a tech exodus from expensive coastal cities to cheaper inland locations, Redfin CEO Glenn Kelman said Wednesday. “Silicon Valley is going to leave Silicon Valley — that’s already happened,” Kelman told CNBC’s “Power Lunch.” “The technology companies, the Wall Street companies, they’re
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