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Many Firms Pay CEOs More Than the Taxman
Many in Washington are calling for lower corporate taxes, but many US corporations have now become so adept at dodging the taxman that they’re paying their CEOs a lot more than Uncle Sam, according to...
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30 Top Corporations Paid US No Taxes, Despite Profit
America may have a lofty 35% corporate tax rate—but who actually pays that ? A new study from a pair of left-leaning think tanks examined 280 Fortune 500 companies from 2008-2010, and found that their...
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GE Hiring Thousands of US Veterans
As General Electric prepares to host an economic summit in Washington, the firm has announced some fixes of its own: It will hire 5,000 US veterans over five years and invest $580 million in its...
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GE Exec to Be Paid $89K a Month ... to Not Work
John Krenicki, a vice chairman at GE, is leaving the company ... and in exchange for agreeing not to work for a competitor any time in the next three years, he's getting paid $89,000 per month until...
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Ex-GE Boss: Obama Must Be Tweaking Jobs Figures
And a new conspiracy theory is born. The only explanation for the latest jobs data is that President Obama has been meddling with the numbers, says former GE CEO Jack Welch. "Unbelievable jobs...
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Jack Welch: I Should Have Put Question Mark on Tweet
Former GE chief Jack Welch became the face of the latest trutherism movement yesterday when he tweeted that the new jobs numbers were too good to be true—"these Chicago guys will do anything..can’t...
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Top 10 Companies for 2013
The prognosticators at 24/7 Wall Street are out with their annual predictions on which companies will be the most profitable in 2013. And, yes, Apple is expected to retain its No. 1 spot—by a wide...
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US Companies Stashing $1.9 Trillion Overseas
The top 83 US-based companies now hold a massive $1.45 trillion offshore, parked in low-tax countries, after increasing those holdings by 14.4%—or $183 billion—just in the last year, reports Bloomberg...
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GE Gets Into the Fracking Biz
One of America's corporate giants is putting its billions where the fracking boom is: General Electric is opening a new laboratory in Oklahoma, buying up related companies, and placing a big bet that...
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Electrolux to Buy GE Appliance Business in $3.3B Deal
Sweden's Electrolux is buying the appliances business of General Electric for $3.3 billion, boosting its presence on the North American market, the companies announced today. The acquisition is the...
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There's $620B in Taxes the US Can't Get Its Hands On
Apple has skipped out on paying close to $60 billion in taxes on $181 billion it holds offshore, according to a new study. But though the company holds the most profits offshore of any US company, it's...
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GE: Say Goodbye to CFLs, Hello to LEDs
Valentine's Day is just a couple of weeks away, but there's a big split making headlines. "GE is breaking up with compact fluorescent lamps" is how General Electric broke the news in a Monday release...
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All New GE Hires Will Learn to Code
Want to learn to code? Get a job at General Electric. CEO Jeff Immelt tells Vanity Fair that new hires, including the 4,000 to 5,000 college graduates hired each year, will now learn to code as part of...
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This Company Has a -5% Corporate Tax Rate
To best understand how President Trump's plan to cut the corporate tax rate from 35% to 20% would affect companies, it's necessary to determine a company's effective tax rate. WalletHub is on the case....
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GE Makes Move It's Only Made Once Since the Depression
General Electric announced big moves on Monday as part of a strategy to streamline the struggling company, including a rarity: GE is slashing its dividend for only the second time since the Great...
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After 100 Years, Last Original Dow Member Booted From Index
General Electric will be dropped from the Dow Jones industrial average next week, ending the industrial conglomerate's more than 100-year run in the 30-company blue chip index, the AP reports. S&P...
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Struggling GE Makes a Surprise Move
More turmoil at GE: The company has ousted CEO John Flannery a little more than a year into the job. Flannery took over from longtime exec Jeff Immelt in August 2017 with grand plans to restructure...
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Most-Hated Firm in America Has 'String of PR Disasters'
The opposite of love may be indifference, but hate is what Americans harbor for the companies that annoy, enrage, and frustrate them. And those firms fall in a variety of sectors, per 24/7 Wall St .,...
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GE Sells Off Another Big Piece of Itself
General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate, per the AP . The biopharma unit, part of GE...
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There's $620B in Taxes the US Can't Get Its Hands On
Apple has skipped out on paying close to $60 billion in taxes on $181 billion it holds offshore, according to a new study. But though the company holds the most profits offshore of any US company, it's...
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