Best of Business

Carl Icahn eyes scandal mired FirstEnergy

Billionaire investor Carl Icahn has signaled an interest in making a large purchase of voting shares from one of the country’s largest electric utilities, which is currently under investigation for its role in an Ohio bribery scandal.

CEO confidence in U.S. economic outlook reaches 17-year high

U.S. business leaders expect to cut fewer jobs and a growing number plan to sharply raise employees’ pay in the months ahead as confidence in the economic outlook surges amid the rollout of COVID-19 vaccines, a survey released on Thursday showed.