A General Motors' worker assembles a Cadillac ATS on the assembly line at the General Motors Lansing Grand River Assembly Plant.

GM to offer buyout to some workers in cost-cutting move

General Motors is offering buyouts to salaried workers to help cut costs, Dow Jones reported Wednesday. About 18,000 employees are eligible. The company said it is making the move now to take advantage of the strong economy and its own healthy performance. The largest U.S. automaker reported better than expected earnings on Wednesday, fueled by […]

Neymar Risks Prison Over Barcelona Move, Says Spanish Magistrate

A Spanish magistrate leading an investigation into alleged irregularities in Neymar’s move to Barcelona in 2013 said Wednesday the Brazilian superstar could face up to six years in prison. “The term imposed, in principle, could be between four and six years,” said a decree issued by judge Jose Maria Vazquez Honrubia, a copy of which […]

Zillow's risky move has not paid off

Zillow’s risky move has not paid off

Zillow’s foray into home-flipping has not been paying off for the online real estate broker, CNBC’s Jim Cramer lamented on Monday after Zillow’s stock lost 1.73 percent. “Investors … don’t want an interest-rate-sensitive company that owns homes; they bought Zillow because it’s a high-margin, asset-light online real estate play with a fabulous multi-year growth story,” […]

An employee arranges Unilever's margarine brands Becel, Blue Band, Bona and Zeeuws Meisje in a supermarket.

Unilever withdraws proposal to move to NetherlandsĀ 

In September, M&G Investments threatened to vote against Unilever’s decision to abandon its London base in favor of a new Dutch holding company. In a statement to CNBC on Friday morning, the company welcomed the firm’s change of heart. “We’re very pleased that Unilever has listened to its shareholders and decided to withdraw its simplification […]