United States

Laundry facilities company WASH explores sale

WASH Multifamily Laundry Systems, whose washers and dryers are used weekly by more than 5 million people in North America, is exploring a sale that could value it at more than $900 million, including debt, according to people familiar with the matter.


Sony CEO sees no major financial impact from cyber attack

Sony Corp Chief Executive Kazuo Hirai on Tuesday said he does not expect the November cyber attack on the company's film studio to have a significant financial impact, two weeks after the studio rolled out the movie at the heart of the attack.

Fundraising site Kickstarter drops Amazon for payments

Crowdsourced fundraising site Kickstarter has dropped Amazon.com Inc as its global payments processor in favor of Stripe, the fast-growing startup used by Twitter Inc, Facebook Inc and Apple Inc.

Intel Corp chief shows wrist-worn drone; promises to employ more women

Intel Corp (INTC.O) Chief Executive Brian Krzanich showed off a computer built into a jacket button and a wristband that transforms into a selfie-snapping flying camera, as the chipmaker extends its push into smart wearable gadgets.


Latest News

Sales of "smart beta" funds, the fastest-growing segment of the exchange-traded fund market, are among the issues Wall Street's private watchdog will review in its 2015 examinations of U.S. brokerages, the regulator said on Tuesday.
New York City regained its top position among global commercial real estate buyers, unseating London and highlighting the appeal of U.S. properties in general, according to a survey of international investors released Tuesday.
Growth in the U.S. services sector braked in December and new orders for manufactured goods fell for a fourth straight month in November, signs the economy lost some momentum in the fourth quarter.
Coach Inc (COH.N) will buy women's luxury footwear company Stuart Weitzman Holdings LLC, as it looks to expand its high-end offerings to better compete with rivals such as Michael Kors Holdings Ltd (KORS.N) and Kate Spade & Co (KATE.N).
U.S. stock index futures edged higher on Tuesday following the largest losses on Wall Street since early October and ahead of a large data batch that will show the momentum of the U.S. economy at the end of last year.
Germany's Daimler AG wants to reset consumers' expectations about self-driving cars with its futuristic Mercedes-Benz F 015 concept, unveiled Monday evening at the annual Consumer Electronics Show in Las Vegas.
Two of three global industry groups vying to establish a dominant standard for wireless charging technology have agreed to merge, bringing consumers a small step closer to throwing away their smartphone power cords.
Verizon Communications Inc (VZ.N) approached AOL Inc (AOL.N) about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter.
New capital rules that penalize big banks could add pressure to JPMorgan Chase & Co (JPM.N) to break itself up to boost its stock price, a prominent stock analyst from Goldman Sachs Group Inc (GS.N) wrote on Monday.
Morgan Stanley (MS.N) said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.