The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Tilman Fertitta told CNBC on Monday that he is doing things in a "very conservative way" amid fears of a recession.Marketsread more
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC on Monday.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
The embattled industrial conglomerate has been examining different ways to offload the division over the last six months, the report said. Valued at about $7 billion, GE Transportation could become a model for how the company will trim its management load without directly selling assets, the Journal reported.
CEO John Flannery promised shareholders in October that the company would sell $20 billion in assets as a part of its ongoing restructuring. The conglomerate most recently announced plans for private equity firm Veritas Capital to acquire a GE health-care unit for $1.05 billion in cash.
Speaking Wednesday at CNBC's Net/Net event, Flannery said he is focused on restructuring GE around three of its core businesses.
"Let's narrow the scope down to our aviation business, our health-care business, our power business," Flannery said.
Spinoffs could give GE shareholders the opportunity to regain value through the turnaround of a subsidiary. Those familiar with the GE situation told the Journal that such spinoffs may resemble the Dow Chemical and DuPont deal last year, which saw the two companies combine under the expectation that the conglomerate would eventually be divided into three separate companies.
Spinoffs from U.S. industrial companies return twice the value of the broader stock market, Melius Research wrote in a note last month. The firm has a more optimistic forecast for GE's value than many others on Wall Street, with most analysts holding price targets of $11 to $16 on GE's shares.
In morning trading, GE shares edged up less than 1 percent to just above $13. The stock is down more than 56 percent in the past year.
Read the full Wall Street Journal report here.