Bank of America Merrill Lynch doctored paperwork on 16 million orders to fool institutional clients into thinking stock trades were taking place in-house when they were not, according to New York’s Attorney General. The bank admitted on Friday to “systematically misleading clients” between 2008 and 2013 about how orders were handled for more than 4 […]

Opinion: After yet another earnings beat, memory-chip maker commits to building out manufacturing space to make more chips Micron Technology Inc. executives have been adamant that the sudden spike in demand for its memory chips is not a short-term phenomenon. Now, they’re putting money where their mouths are. After yet another earnings beat Thursday, Micron MU, -7.57%  announced that […]

After years of trying to engineer a more environmentally friendly coffee cup, Starbucks is turning to you for ideas. And it’s willing to pay. The company announced Tuesday that it’s launching a $10 million grant challenge to solicit designs for a cup that’s easier to recycle. Starbucks (SBUX) partnered with a recycling-focused investor group called Closed Loop Partners […]

LOS ANGELES/NEW YORK (Reuters) – Whole Foods will host a summit on Tuesday for up to 200 of its suppliers, amid anxiety about how its ongoing business revamp will play out under new owner Amazon.com (AMZN.O). Amazon’s $13.7 billion purchase of Whole Foods last summer shook the grocery industry, spawning worries that the ecommerce giant […]

Tesla will miss a key Model 3 production target, analysts say Brace yourselves for Tesla Inc. missing a key production goal for the Model 3 and even missing the mark with the Model S and Model X, analysts at Goldman Sachs said in a note Monday. The analysts, led by David Tamberrino, kept their rating […]

BEIJING (Reuters) – Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive, consolidating its control over the firm as it targets an aggressive expansion in the region. Long-time Alibaba executive Lucy Peng will take over as Lazada’s chief executive, replacing […]

While Long Island Rail Road workers feast on overtime, its service is the worst it’s been in nearly two decades, according to a state report released Thursday. Nearly 21,400 LIRR trains were late, canceled or terminated mid-run in 2017, a 20 percent increase over 2016 and the poorest numbers in 18 years, State Comptroller Thomas […]

(Reuters) – Broadcom Ltd on Thursday said it was likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm Inc and said that its smart phone chip business would see a drop in demand this quarter from a North American customer and an increase from South Korea. Most […]

Ford Motor Company announced Wednesday it was recalling over 1.3 million vehicles over safety concerns. The models affected are Fusion, Lincoln MKZ and Focus, and most of the recalled vehicles were sold in the United States. The Dearborn, Michigan, company said it was “issuing a safety recall in North America for approximately 1.3 million 2014-18 […]

HONG KONG (Reuters) – China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in Blackstone Group LP (BX.N), the U.S. private equity firm said in a filing, ending an 11-year investment. The original agreement with Beijing Wonderful Investments – the legal entity set up by CIC to invest in Blackstone – […]