Starbucks CEO Kevin Johnson 

Starbucks reportedly cutting 5% of its corporate workforce

Starbucks is planning to cut approximately 5 percent of its global corporate workforce, according to a memo sent by CEO Kevin Johnson on Tuesday. In the memo obtained by CNBC, Johnson said the lay offs would impact 350 employees in marketing, creative, product, technology and store development. Johnson said affected divisions will undergo “significant changes” […]

Jeff Bezos

Amazon reportedly in advanced stages of naming VA as 2nd headquarters

Amazon is in the advanced stages of placing its second headquarters in Northern Virginia, The Washington Post reported on Saturday, as the retail giant closes in on a self-imposed deadline to make the closely watched decision. The Post reported that Amazon has held detailed discussions about the possibility of opening its second outpost in Crystal […]

President Donald Trump and China's President Xi Jinping make joint statements at the Great Hall of the People in Beijing, Nov. 9, 2017.

Trump reportedly asks officials to draft deal

Jonathan Ernst | Reuters President Donald Trump and China’s President Xi Jinping make joint statements at the Great Hall of the People in Beijing, Nov. 9, 2017. U.S. President Donald Trump has asked officials in his administration to start drafting the terms of a possible trade deal with China, Bloomberg reported Friday, citing four unnamed […]

A worker holds a sign announcing a store-closing sale outside the 60-year-old Sears store in the Galewood neighborhood on July 7, 2017 in Chicago.

Sears reportedly preparing for bankruptcy filing as soon as this week

Sears Holdings is readying a bankruptcy filing that could come as soon as this week, the Wall Street Journal reported on Tuesday citing people familiar with the situation. The Journal reported that the company has hired M-III Partners to help with the bankruptcy proceedings. M-III has been working with Sears for more than two years, […]

Martin Flanagan, president and CEO of Invesco

Invesco reportedly getting OppenheimerFunds from MassMutual in $5 billion deal

Stephen Yang / Bloomberg / Getty Images Martin Flanagan, president and CEO of Invesco Invesco is going to buy OppenheimerFunds, a subsidiary of Massachusetts Mutual Life Insurance, in a more than $5 billion deal, according to a report Friday by Financial Times service Ignites. The asset manager has been a holding of MassMutual for nearly […]