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Updated: 40 min 26 sec ago

Greek, German Tensions Turn to Resentment

54 min 14 sec ago
Whatever the outcome of Greece’s bailout referendum, tensions between Greeks and Germans over the debt crisis have now erupted into open displays of frustration and resentment that won't die down quickly.
Categories: Business

Greek Importers Begin to Feel the Squeeze

2 hours 9 min ago
Capital controls in Greece don’t appear yet to have significantly curbed the country’s imports, especially of essential items. But for nonessential goods, Greek importers are starting to feel the squeeze.
Categories: Business

Toshiba Profit Markdown May Double Earlier Estimates

5 hours 56 min ago
Toshiba is likely to mark down its past operating profit by at least $814 million as a result of accounting irregularities.
Categories: Business

Major Customers Unfazed by Electrolux's GE Buy

6 hours 5 min ago
If General Electric sells its appliance business to rival Electrolux, will home builders and property managers have to pay more for stove tops? The Justice Department says they will, but home builders aren’t as sure.
Categories: Business

New Credit Suisse CEO Reins in Hopes for a Quick Fix

12 hours 10 min ago
‘Expectations have kind of run away,’ says new Credit Suisse CEO Tidjane Thiam, as he plays down optimism he can quickly lift the Swiss bank out of its recent malaise.
Categories: Business

Rivals Lurked Behind Aetna's Deal With Humana

Fri, 07/03/2015 - 11:16pm
Jockeying among the three other major health insurers—UnitedHealth, Anthem and Cigna—played into the dynamics of Aetna’s $34.1 billion deal to acquire Humana.
Categories: Business

Oil Pipeline Inspection Tools: Far From Perfect

Fri, 07/03/2015 - 10:56pm
Oil pipeline companies like to brag that their advanced testing methods and remote monitoring technology prevent spills. So why was a southern California beach coated in crude?
Categories: Business

Ends No Longer Meet in Puerto Rico

Fri, 07/03/2015 - 10:09pm
Business leaders see the island’s debt crisis as a spur to cut government spending, but the dependency on an expansive welfare system is deep.
Categories: Business

Blackstone Group Hires New China Chairman

Fri, 07/03/2015 - 9:35pm
Private-equity firm Blackstone Group said it has hired Zhang Liping, a senior Credit Suisse Group banker, to head its operations in China.
Categories: Business

Aetna to Buy Humana for $34.1 Billion in Latest Insurer Deal

Fri, 07/03/2015 - 9:22pm
Aetna agreed to buy Humana for $34.1 billion, following weeks of frenzied merger talks among large health insurers. Deal would add to Aetna’s Medicare business.
Categories: Business

Uber to Suspend Uberpop in France

Fri, 07/03/2015 - 6:26pm
Uber Technologies plans to suspend one of its main services in France, days after French prosecutors indicted two top executives on charges of running that service illegally.
Categories: Business

Fitch Affirms Russia's Rating

Fri, 07/03/2015 - 3:57pm
Fitch Ratings affirmed its investment-grade rating for Russia, while maintaining its negative outlook for the nation.
Categories: Business

Economist Warns of Risks of Greek Crisis to Eurozone Recovery

Fri, 07/03/2015 - 2:59pm
The Greek crisis risks taking the steam out of the eurozone economy, just as the currency area was showing signs of recovering from a long period of weak economic growth, the chief economist for the Organization for Economic Cooperation and Development said.
Categories: Business

Airlines' New Normal: More Seats, Fewer Flights

Fri, 07/03/2015 - 12:46pm
Using an industry technique known as “upgauging,” airlines increase capacity by adding seats on existing jets and replacing smaller planes with larger ones.
Categories: Business

Jobs at a Crossroads: Hiring Up, Pay Flat

Fri, 07/03/2015 - 7:10am
The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to drop out of the labor force.
Categories: Business

Europe's Crowning Glory Imperils Postwar Project

Fri, 07/03/2015 - 7:08am
The great project some hoped would eventually create a European superstate faces the biggest challenge of its history Sunday, when Greeks vote in a referendum that could decide whether they crash out of the eurozone.
Categories: Business

Germany's K+S Rebuffs Potash Takeover

Fri, 07/03/2015 - 12:37am
German salt and fertilizer company K+S AG rejected a takeover approach worth $8.75 billion by rival Potash Corp. of Saskatchewan, saying the proposal undervalued the company.
Categories: Business

BP to Pay $18.7 Billion to Settle Deepwater Horizon Spill Claims

Thu, 07/02/2015 - 11:01pm
BP agreed to pay $18.7 billion over 18 years to settle all federal and state claims arising from 2010’s Deepwater Horizon oil spill, including the biggest pollution penalty in U.S. history.
Categories: Business

Univision Puts IPO Plans in Motion

Thu, 07/02/2015 - 10:31pm
Univision, owner of the dominant Spanish-language broadcaster in the U.S., kicked off the process to go public, as it seeks to attract investors to its influential Hispanic base amid seismic digital shifts that are reshaping the television industry.
Categories: Business

Vertex's $259,000 Cystic Fibrosis Drug Approved

Thu, 07/02/2015 - 10:28pm
Vertex’s cystic-fibrosis drug Orkambi, which treats the most common mutation of the disease, received U.S. regulatory approval on Thursday.
Categories: Business