Wall Street sells off

The owners of New York City’s Chrysler Building have reached a deal to sell the iconic skyscraper for a little more than $150 million, unloading the 77-story office tower at a substantial loss, according to people familiar with the matter......»»

Kansas City-based National Beef Packing Co. sold a 51 percent stake to a Brazilian company for $969 million. Marfrig Global Foods now becomes the world’s second-largest beef producer, The Wall Street Journal reports. The deal is expected to clos.....»»

Vista Outdoor, which sells everything from Federal Premium bullets to Camelbak water bottles, plans to stop making firearms after some major retailers said they would halt sales of all the company’s products......»»

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Wall Street JournalHudson's Bay Sells Gilt Groupe, Will Close Lord & Taylor Flagship StoreWall Street JournalThe owner of Saks Fifth Avenue is selling off Gilt Groupe, a flash sales webs.....»»

After more than 100 years of making beauty products in the U.S., Avon is selling its last domestic factory to a French cosmetics manufacturer......»»

Apple Inc on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud......»»

Revenue drops 15%, but the new Versa smartwatch sells out. Fitbit had a better quarter than Wall Street expected, but still saw revenue drop 15% from last year. Smartwatch sales boomed, but were held back by prod.....»»

Wall Street indexes continued their slide in Thursday's volatile session as investors worried about rising interest rates and braced for impact on corporate earnings from trade conflicts. Fred Katayama reports......»»

Four Wall Street analysts weigh in with buy ratings......»»

A David Hockney painting of a man in a pink jacket overlooking a sun-dappled swimming pool sold for $90.3 million at Christie’s in New York on Thursday—setting a record for a living artist at auction......»»

U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices and retailers including Target and Kohl's tumbled after weak earnings and forecasts, fueling worries about economic growth......»»

U.S. stocks sold off for a second day as energy shares dropped with oil prices and retailers, like Target and Kohl's, tumbled after weak earnings and forecasts. Roselle Chen reports......»»

Digital publisher Mic Network Inc. has agreed to sell itself to women-focused publisher Bustle Digital Group for about $5 million, according to a person familiar with the matter — a fraction of Mic’s valuation less than two years ago......»»

The deal, which is expected to close by the middle of 2019, includes IBM’s Appscan, Unica, Notes and Domino products......»»

Goldman Sachs Group Inc. sold a majority stake in Simon, its proprietary platform that distributes complex investment products, to a cohort of Wall Street rivals. The New York-based bank spun off... To view the full story, click the title link......»»

Tesla Inc. sold $837 million of bonds backed by auto leases Friday, taking advantage of a rebound in investors’ sentiment toward the company to provide further support to its fast-growing leasing operation......»»

Twenty years ago, Pfizer Inc. didn’t sell any drugs treating cancer. Now, it sells 17, including four that were approved in the U.S. at the end of last year, more than any other pharmaceutical company......»»

JPMorgan's Jamie Dimon, Goldman's David Solomon, and Citi's Jane Fraser caution that the economy still faces plenty of headwinds. JPMorgan CEO Jamie Dimon.AP PhotoW.....»»

SMCI did not offer Wall Street "a positive preannouncement, which is being considered a negative," Wells Fargo Securities said. .....»»