Our Great City
Updated: 10 min 59 sec ago
Tesco PLC has issued its fourth profit warning in three years and said it is investigating why it overstated its most recent profit forecast by £250 million ($408.8 million).
The real success of Alibaba's IPO will depend on whether the e-commerce company can keep growing without sacrificing its high profit margins of more than 40%.
As students began a walkout to demand more democracy in Hong Kong, a group of the city's tycoons was set to discuss its political future with leaders in Beijing.
German engineering company Siemens announced a deal to acquire U.S. oil-equipment maker Dresser-Rand Group for $7.6 billion.
Workers at five German Amazon.com logistics centers walked out in a two-day strike to support demands for a collective wage agreement, the Verdi labor union said.
In the wake of Malaysia Airlines Flight 370's disappearance more than six months ago, a satellite venture led by Iridium Communications is starting an initiative to provide free emergency flight-tracking of aircraft.
Initially conceived of as a stopgap measure until pipelines could be constructed, shipping crude by rail has become a permanent part of the nation's energy infrastructure as new pipelines hit headwinds and railroads reap expanding revenue.
The Des Moines Register on Monday will publish its first virtual-reality news report, incorporating the technology of Oculus VR, computerized game platforms and 360-degree cameras.
Boston law firm Bingham McCutchen is in substantive merger talks with a larger firm, Morgan, Lewis & Bockius.
Labor and advocacy groups are seeking an investigation into whether Wal-Mart violated federal election laws by soliciting employees for donations to its political-action committee in exchange for charitable contributions to a fund that helps Wal-Mart employees in need.
Data-storage giant EMC, under pressure from a shareholder activist and faced with the expected retirement of longtime CEO Joe Tucci, is considering options that could include a merger deal with a rival.
Fox is coming off a season of few new hits and double-digit declines in viewers. Now, with two new production-minded overseers in place, the broadcast network's plan is to first make a hit out of "Gotham" and then get more out of in-house programming.
TTM Technologies, a maker of circuit boards used in electronic devices, has struck a deal to acquire smaller rival Viasystems Group, according to a person familiar with the matter.
"The Maze Runner" found its way into the lead of new movies, with an estimated weekend box office in North America of $32.5 million.
The iHeartRadio Music Festival is expected to draw some 20,000 fans to Las Vegas this weekend—but it won't be much of a payday for the headlining acts, including Taylor Swift and One Direction.
PBS will premiere six new full-length "Makers" documentaries on women, including one about business, featuring Xerox's Ursula Burns and Facebook's Sheryl Sandberg.
BlackBerry CEO John Chen said that years of layoffs and shrinking at the smartphone maker had come to an end, the latest signal that his plan to abandon the consumer market is showing results.
Celebrity chef Paula Deen and her soon-to-be-launched online TV network have bought the rights to the shows and other video in which she starred during her 13-year tenure at Food Network. Terms weren't disclosed.
Daimler is targeting emerging markets such as Africa and Southeast Asia with a line of stripped-down trucks produced in India.