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Business News
Some of the worst acquisitions ever, and the billions lost
Companies have dug deep in their pockets to buy other companies recently, raising the risk that they've overpaid. If true, investors will suffer. Companies would be forced to "write down" their goodwill, an asset on financial statements that represents the premiums paid in deals, and the losses would cut into earnings....
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US income gap widened last year as top 1 percent gained most
WASHINGTON (AP) -- Financial inequality became even wider in the United States last year, with average income for the top 1 percent of households surging 7.7 percent to $1.36 million....
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As desire to acquire mounts, so does risk of losses
NEW YORK (AP) -- The word suggests compassion, benevolence. It even sounds nice....
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Tesla crash could hurt sentiment on driverless cars
DETROIT (AP) -- The death of a driver who was using Tesla Motors' semi-autonomous mode could add to the public's apprehension about driverless cars....
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Nike co-founder Phil Knight retires from board
PORTLAND, Ore. (AP) -- Nike said Thursday that its co-founder and chairman Phil Knight has retired from its board and CEO Mark Parker has been named the new chairman....
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