GE’s new CEO preparing job cuts in bid to slash costs

General Electric is making plans to significantly reduce corporate staff in an effort to cut spending and boost profits under its new chief executive, and the company already has halted hiring in certain technology positions, a person familiar with the situation told...

No ‘decisive progress’ in third round of Brexit talks, top EU negotiator says

The European Union’s chief Brexit negotiator has lamented a lack of developments in the third round of Brexit negotiations, saying that no “decisive progress” has been made on any principal subjects. Michel Barnier said Thursday that the three-day...

A 5% pullback could happen within weeks, says David Bianco of Deutsche Asset Management

The 2017 rally may be about to suffer a plot twist. The stock market could be close to hitting a wall, warns David Bianco of Deutsche Asset Management. “I do think we’re going to have about a 5 percent pullback that puts the S&P at about 2,300,”...

Sony launches smartphone which can take 3-D pictures in a push to challenge Apple

Sony launched two new smartphones on Thursday that can capture 3-D images which could pave the way for augmented reality (AR), gaming, and 3-D printing applications. The 5.2-inch Xperia XZ1 and 4.6-inch XZ1 compact are the Japanese electronics giant’s latest...