Jack Welch, the former CEO of General Electric, is said to be apoplectic about the mounting problems faced by the once high-flying conglomerate, according to friends and associates who spoke to FOX Business.
There is bad blood between the two CEOs who once ran General Electric.
The survival of a controversial tax loophole that helps the private equity business save billions began with an intense lobbying effort by the industry and ended–at least according to some Washington insiders–with an attempted compromise brokered by an unlikely source, the FOX Business Network has learned.
The Justice Department is turning to some of the nation's biggest media and telecom companies to aid in its effort to block AT&T's proposed takeover of Time Warner, asking lawyers and officials from these outfits whether the companies' executives would consider becoming government witnesses when the case goes to trial, the FOX Business Network has learned.
A bitter policy fight between two of President Trump’s top aides that began with disagreements over trade policy has now expanded into other areas of the White House’s economic agenda, setting the stage for the first major showdown between senior officials of the nascent administration, the FOX Business Network has learned.
President Trump has told associates in recent days that he believes he will soon be cleared in the Special Prosecutor’s probe of Russian meddling in the 2016 election, FOX Business has learned.
Is the Trump Rally officially over?
To keep Knight Capital partially independent, CEO Tom Joyce approached Wall Street players in an attempt to merge rather than be taken over by companies interested in a buyout.
Herbalife is hauling out its legal team for another go-around with activist investor Bill Ackman.
The next battleground over the controversial Uber car service is also likely to be the biggest: New York City, indicates a letter obtained by FOX Business which threateners Mayor Bill de Blasio with a lawsuit.
Activist investor Nelson Peltz secretly met with board members of DuPont Co. to once again push his plans for major structural reforms at the chemical giant.
Employee defections, personality clashes and a potential $100 million lawsuit threaten to dismantle one of Wall Street's best known investment boutiques.
Billionaire real estate mogul and presidential candidate Donald Trump continues to dominate the GOP field both in hurling insults at his fellow Republicans and in the polls, but now it appears his rivals have decided that if they’re going down, they’re going down swinging.
The SEC squeezes Guggenheim Partners for $20 million citing lapses in disclosing a key client relationship.
The FOX Business Network has learned Nasdaq CEO Robert Greifeld will name Adena Friedman COO on Wednesday, December 16. This development was first reported on November 19 by Charlie Gasparino.
A mysterious 'special' bonus given to a senior executive at Morgan Stanley has officials at the Wall Street investment bank wondering whether chief executive James Gorman has chosen a new favorite to be his successor.
Hedge fund impresario Steven A. Cohen has signaled that he’s looking to expand his trading activities in Asia, the latest indication that the former head of SAC Capital thinks he can return to managing money for outside investors after a series of regulatory issues barred him from the securities business for the past two years, the FOX Business Network has learned.
Students at the University of Colorado-Boulder business school were expecting to hear former Lehman Brothers' CEO Dick Fuld talk about his time at the firm. But Fuld chose to completely gloss over this topic.
Mary Pat Christie, the wife of New Jersey Governor Chris Christie, has quit her job as a senior executive at a major hedge fund signaling that her husband is likely to make his 2016 president ambitions official, the FOX Business Network has learned.
Wall Street’s top firms believe the initial public offering of First Data Corp., a little known payment processing company, could be among the most lucrative deals in the coming months, generating as much as $40 million in fees, the FOX Business Network has learned.