Nelson Peltz explains Trian's 'big mistake' on GE and why he's sticking by the stock: 'Larry Culp is a star'

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Nelson Peltz explains Trian's 'big mistake' on GE and why he's sticking by the stock: 'Larry Culp is a star'

Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm’s position in struggling General Electric, breaking down what the hedge fund’s “big mistake” on the position was three years ago. “We bought the stock …
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Walgreens to test drone delivery service with FedEx and Alphabet's Wing

Walgreens is testing a new on-demand delivery service with FedEx and Alphabet’s drone delivery service Wing, beginning next month, the company announced Thursday. The pilot program will deliver food and beverage, over-the-counter medications and …
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Take a first look inside the flagship Fifth Avenue Apple Store before it reopens on Friday

The Fifth Avenue Apple Store, otherwise known as the “cube,” reopens to the public on Friday at 8 a.m. ET. CNBC was invited to take a look before it officially reopens — here’s a tour of what it looks like inside. The flagship store in New York has been closed …
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WeWork Has Its Work Cut Out for It to Revive Its IPO Plan

Co-working is a hot trend, but a company can be a perfect fit for its moment and still lose a ton of money. Motley Fool Staff. Sep 19, 2019 at 11:08AM. The We Company, parent of popular co-working space operator WeWork, has been driving toward an initial …
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Jeff Bezos pledges to make Amazon carbon neutral by 2040

Jeff Bezos unveils Amazon’s Climate Pledge in Washington, DC, on Thursday. Ben Fox Rubin/CNET. Amazon CEO Jeff Bezos announced Thursday a Climate Pledge, a plan to make the sprawling e-commerce and tech company carbon neutral by 2040, …
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