Apple Inc. is known for producing great products, like the iPod. Now Google Inc. with its acquisition of Nest Labs Inc. and its Apple alumni founder Tony Fadell, is hoping it produces great leaders who can replicate that success as well.
Bank of America Corp., the second- biggest U.S. lender, quadrupled its quarterly profit and beat Wall Street estimates as the company quelled claims tied to defective mortgages. The stock reached its highest level in more than three years.
Jack Welch, the former chief executive officer of General Electric Co. who ignited a controversy by suggesting the Obama administration altered the U.S. unemployment rate for political gain, said the jobs calculation was flawed and contradicted by other evidence.
Jack Welch, the former chief executive officer of General Electric Co., will stop writing for Thomson Reuters Corp. and Fortune magazine after backlash to his Twitter post suggesting President Barack Obama’s administration manipulated employment data for political gain.
Last week, after the U.S. Bureau of Labor Statistics announced an unexpected decline in September’s unemployment rate, former General Electric Co. Chief Executive Officer Jack Welch questioned the credibility of the data.