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Updated: 2 hours 26 min ago

Apple Taps Highly Regarded Executive to Oversee Car Project

Mon, 07/25/2016 - 10:58pm
Apple has tapped a highly-regarded senior executive who helped bring to market many of Apple’s signature products to oversee its fledgling automobile project, according to people familiar with the matter.
Categories: Business

Verizon Doubles Down on Media With Yahoo Deal

Mon, 07/25/2016 - 10:57pm
Verizon’s planned acquisition of Yahoo deepens the nation’s largest wireless carrier’s investment in digital media but hands it a troubled company in need of restructuring.
Categories: Business

Sprint's Reboot Gains Ground

Mon, 07/25/2016 - 8:28pm
Sprint continued to add customers in the latest quarter, helped by its aggressive discounting, and revenue slid less than expected amid indications the wireless carrier’s reboot is gaining ground.
Categories: Business

As It Ends, Yahoo's Tale Is One of Missed Chances

Mon, 07/25/2016 - 7:54pm
Yahoo’s $4.83 billion sale to Verizon puts an exclamation point on a tumultuous two-decade run that began with success as the web’s organizer, and ended with a cycle of failed leaders and strategic blunders.
Categories: Business

Boeing Is 'Delinquent' on Payments, Says Supplier Rockwell Collins

Mon, 07/25/2016 - 6:51pm
In a rare public dustup between two of the biggest collaborators in the aerospace industry, a major supplier to Boeing Co. said the world’s largest plane maker was behind on tens of millions dollars in payments due at the end of last month.
Categories: Business

U.S. Oil-Train Boom Is Quickly Waning

Mon, 07/25/2016 - 5:27pm
The recent boom in oil transportation by rail in the U.S. is in decline, threatening what was once viewed as a sizable driver of growth for the railroad industry.
Categories: Business

CFOs Turn to Outside Consultants as Challenges Mount

Mon, 07/25/2016 - 5:15pm
Finance chiefs at companies including Baxter International, Northern Trust and Alaska Air are turning to outside consultants as they grapple with increasingly complex challenges ranging from shareholder activism to merger integration.
Categories: Business

Nike CEO's Total Pay Soars to $47.6 Million

Mon, 07/25/2016 - 4:47pm
Nike said Chief Executive Mark Parker’s total compensation nearly tripled to $47.6 million for fiscal year 2016 compared with a year earlier thanks to a big increase in stock awards tied to him taking over the chairman role.
Categories: Business

Meet the Verizon Woman Behind the Yahoo Deal

Mon, 07/25/2016 - 4:28pm
Two years ago, the CEO of Verizon Communications handed a rising lieutenant a big job: build three business units that can each generate $5 billion of revenue a year. That executive is Marni Walden.
Categories: Business

Starbucks Is Shifting Roles of Senior Management

Mon, 07/25/2016 - 4:03pm
Starbucks is reorganizing the roles of its senior leaders, a week after the coffee giant had a sales-target miss for its third consecutive quarter.
Categories: Business

Best-Paid CEOs Lag in Results, Study Says

Mon, 07/25/2016 - 3:05pm
The best-paid CEOs tend to run some of the worst-performing companies and vice versa, even when pay and performance are measured over the course of many years, according to a new study.
Categories: Business

LVMH Sells Donna Karan Brand to G-III for $650 Million

Mon, 07/25/2016 - 3:00pm
LVMH agreed to sell Donna Karan International to apparel company G-III Apparel Group for $650 million including debt, an unusual retreat for the French luxury giant.
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McDonald's Earnings: What to Watch

Mon, 07/25/2016 - 2:00pm
McDonald’s Corp. is scheduled to announce its second-quarter earnings before the market opens on Tuesday. Here’s what you need to know.
Categories: Business

'Pokémon Go' Surged by Connecting People

Mon, 07/25/2016 - 1:25pm
Columnist Christopher Mims writes that “Pokémon Go” became a monster hit by connecting people playing the game, even though it isn’t explicitly about bringing people together.
Categories: Business

Strong Yen Could Further Damp Japan Corporate Earnings Outlook

Mon, 07/25/2016 - 12:43pm
Major Japanese firms will this week release results for the April-June period in which the yen strengthened more than 8% against the U.S. dollar.
Categories: Business

Tesla Accelerates Work on Battery 'Gigafactory'

Mon, 07/25/2016 - 12:31pm
Tesla is scrambling to finish building its massive $5 billion battery factory to meet demand for its coming cheaper sedan and provide power for new types of vehicles CEO Elon Musk says are under development.
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Ericsson Chief Ousted After Profit Plunge

Mon, 07/25/2016 - 11:39am
Hans Vestberg is stepping down as the Swedish telecom-equipment maker struggles with slowing demand and fierce competition.
Categories: Business

AMC, Carmike Agree to Sweetened Takeover Deal

Mon, 07/25/2016 - 10:40am
AMC Entertainment and Carmike Cinemas said they had agreed to a sweetened takeover deal at more than $800 million, after a vote to approve the deal was twice postponed.
Categories: Business

Twitter Aims to Be a Digital Watering Hole for Sports Fans

Mon, 07/25/2016 - 10:39am
Twitter is fast turning into a digital hangout for sports fans, striking deals with Major League Baseball and the National Hockey League to host live video of games.
Categories: Business

Verizon to Buy Yahoo's Web Assets for $4.83 Billion

Mon, 07/25/2016 - 9:13am
Verizon announced plans to buy Yahoo for $4.83 billion in cash, ending a drawn-out auction process for the beleaguered internet company.
Categories: Business