Tag : billion

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Three Cheers for Xi Jinping! Wait, Make That a Billion

At China’s Communist Party congress, a videogame company released a free game in which users ‘clap’ for the president; multitudes obliged

Updated Oct.19, 2017 4:48 p.

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Stitch Fix, in IPO Filing, Reveals Annual Sales of Nearly $1 Billion


Personal-shopping service Stitch Fix has filed for an initial public offering, revealing that the six-year-old startup’s annual sales have zoomed to nearly $1 billion at a time when traditional clothing retailers are struggling.Unlike most venture-backed startups, Stitch Fix has been profitable in recent years, though it swung to a $594,000 loss in the most recent year, the filing shows.

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Switzerland’s Old-Money Problem: One Billion in Expiring Francs

1970s-era bank notes will become expensive wallpaper in a couple of years

Updated Oct.20, 2017 9:48 a.

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New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in Businesses

CEO John Flannery has expressed an urgency to reduce costs and rethink the sprawling company

Updated Oct.ET

General Electric Co.

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GE vows $20 billion asset sales, 'sweeping change' as profit falls

65 after new Chief Executive John Flannery said he will focus the company on delivering profit and cash to investors.Even before the stock's decline on Friday, GE's total return - share appreciation plus reinvested dividends - was just 0.