Long-time General Electric CEO steps down amid pressure from investors

Long-time General Electric CEO steps down amid pressure from investors

According to his company bio, he also bolstered the unit's digital and technological capabilities, particularly through the launch of Sustainable Healthcare Solutions, to reinforce the company as a leader in industry technology. "GE is such a big conglomerate, that's why it's so important here in Boston to work with hospitals, universities, all across different sectors", Walsh said.

London fire: 58 missing people presumed dead after Grenfell Tower disaster

The fire at the 24-story building has led to community anger and protests over the British government's response. It said officials planned to: "Extend fire safety approach adopted at Grenfell Tower to all major works projects". Some later left the red-brick building near Kensington High Street, a luxury shopping district, but around 30 remained inside in a tense standoff with about 30 police officers and a dozen security guards.

Fed dissenter Kashkari says sees sympathy for his views

What's next for the central bank? "In the 1970s, that faith led the Fed to keep rates too low, leading to very high inflation". Presently, the Fed expects economic growth of 2.2% in 2017, which is up from its last projection. One conclusion was that interest rates will be stuck at historically low levels unless something changes. Dallas Federal Reserve President Robert Kaplan on Friday also signaled the decision to raise rates earlier this week was a tough one, although he in the end ...

Amazon Inks Its Biggest Deal, Buying Whole Foods for $13.7B

The online giant has made no secret of its plans to be a physical retail giant, too, and it's already started doing grocery deliveries. The transaction, will be financed with debt, according to securities filings. Whole Foods shares were up just over 27% to the $US42.00 per share acquisition price. Saunders suspects that Amazon will try to get food suppliers to lower their prices, impacting companies that both make and distribute food.

London fire: Tempers flare as 58 presumed dead after Grenfell Tower disaster

And, according to some local residents there were some 500 residents at the Grenfell Tower when the fire broke out on Wednesday morning, and they say that not many could escape because the blaze engulfed the entire building rapidly. Choucair told Reuters residents had concerns about the safety of the building and she was angry about what has happened. "We as the police, we investigate criminal offences - I'm not sitting here and saying there are criminal offences that have been ...

Hot and muggy weekend, afternoon storms possible

Gusty winds, heavy downpours, and lightning will be possible with the storms that move through during this time period. Partly sunny, with a high near 91. Stay tuned over the weekend for a more specific timeline for Sunday's storms. Wednesday: Mostly cloudy. Isolated shower or thunderstorm. Temperatures should be dropping to around 70, the weather service says.