Our Great City
Updated: 33 min 7 sec ago
Music-streaming service Spotify will begin publishing lists of its top 50 most-streamed songs and most-shared songs, hoping to draw in new members.
Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal.
Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile operator's full-year profit.
J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.
British retailer Marks & Spencer reported another set of lackluster earnings, putting Chief Executive Marc Bolland under the spotlight after three years in charge.
Senate investigators said Apple turned to "alchemy" and "ghost companies" to pay no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four years.
Burberry showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday. Sales in China for the year finished 20% higher.
Saks fiscal first-quarter profit sank 38% as the luxury retailer's results were hurt by store-closing costs and debt-extinguishment losses, though same-store sales rose 5.9%.
Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.
Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.
Philip Morris International has agreed to buy the 20% that it doesn't already own in its Mexican tobacco business for about $700 million. The stake is currently held by Grupo Carso SAB, a conglomerate founded by Carlos Slim.
Two more executives of a Japanese auto parts maker have agreed to plead guilty to fixing prices on new-car parts and will spend more than a year in a U.S. prison.
The Irish government denied it is sheltering some of the world's largest corporations, such as Apple, from paying taxes, saying the country's long-standing low corporation tax regime is transparent and doesn't make it a tax haven.
Giorgio Armani's sales and profit jumped strongly last year, driven by growth in Asia, even as other brands are experiencing a drastic slowdown there.
It took Whirlpool eight months to close a 1,000-person factory in Arkansas last year amid falling sales. In Italy, the company has been trying for three years to cut 500 jobs—with only partial success.
Security company G4S said Chief Executive Nick Buckles, who was heavily criticized over the company's handling of the London Olympic Games last year, will resign at the end of the month.
Philippine commercial bank United Coconut Planters Bank hired an adviser to conduct a strategic review of the bank, a move that could lead to a sale or an initial public offering of bank shares.
Apple paid no corporate income tax to any nation on tens of billions of dollars in income over the past four years, Senate investigators disclosed ahead of a hearing on Tuesday.
Power generators, engineering firms and other companies that service mining operations in Australia are forecasting weaker earnings as the mining boom slows.