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Updated: 15 min 58 sec ago

Google Drones Lift Industry Hopes

Sat, 08/30/2014 - 4:03pm
Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.
Categories: Business

Entertainment Giants Target Comcast

Sat, 08/30/2014 - 1:25pm
As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.
Categories: Business

Novartis Says Heart Drug Beats Rival

Sat, 08/30/2014 - 1:20pm
A heart drug developed by Novartis reduced cardiovascular deaths by 20% when compared with a rival treatment.
Categories: Business

AIG's New Tack: Data Into Dollars

Sat, 08/30/2014 - 12:27pm
Peter Hancock takes the helm at AIG on Monday, aiming to leverage the insurer's trove of data in a quest to boost profits.
Categories: Business

Alibaba Plans IPO Launch Week

Sat, 08/30/2014 - 9:01am
Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.
Categories: Business

Dreamliners Idle on Tarmac

Sat, 08/30/2014 - 6:24am
Company struggles to unload a batch of 787s built during the height of its problems with the plane's design and supply chain snafus.
Categories: Business

Prices Threaten Europe Recovery

Sat, 08/30/2014 - 6:17am
Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.
Categories: Business

Tesco Warns on Profit

Sat, 08/30/2014 - 4:47am
Tesco issued its third profit warning in as many years and said it would slash its interim dividend and reduce capital expenditure as the struggling grocery giant battles fierce competition.
Categories: Business

Bad Loans Soar at China State Banks

Sat, 08/30/2014 - 2:20am
China's biggest state-owned banks reported a surge in soured and castoff loans in the first half of the year.
Categories: Business

Fiat Chrysler Merger Moves Ahead

Fri, 08/29/2014 - 10:50pm
Fiat said its reorganization to create Fiat Chrysler Automobiles is proceeding as enough shareholders opted to retain their holdings in what would become a company with a U.K. tax residency, Amsterdam headquarters and a primary stock market listing in New York.
Categories: Business

U.S. Utilities Push Electric Cars

Fri, 08/29/2014 - 10:32pm
Companies that sell electricity are desperately trying to find new ways to sell more kilowatts. Enticing Americans to adopt electric cars would give utilities' profits a jolt.
Categories: Business

Tesla Adding Charging Stations in China

Fri, 08/29/2014 - 9:44pm
Electric-car maker Tesla Motors struck a deal to with China Unicom, a Beijing-based wireless phone provider, to expand its network of charging stations in China.
Categories: Business

Telefónica Eyes Deal by Mid-2015

Fri, 08/29/2014 - 9:18pm
Spanish telecommunications company Telefónica said it expects to complete the $9.82 billion acquisition of Vivendi's Brazilian unit, GVT, by mid-2015.
Categories: Business

Malaysia Airlines to Shed 30% of Its Workforce

Fri, 08/29/2014 - 9:17pm
The state fund that controls Malaysia Airlines announced the largest round of layoffs in the company's history, the centerpiece of a plan to revive a carrier battered by two recent air tragedies, as well as years of weak earnings.
Categories: Business

National Australia Bank to Sell Great Western Stake in IPO

Fri, 08/29/2014 - 9:11pm
National Australia Bank plans to exit its U.S. banking business as it focuses on its home markets, initially selling a minority stake in Great Western Bank via an initial public offering.
Categories: Business

A+E Near Deal to Buy Vice Media Stake for $250 Million

Fri, 08/29/2014 - 7:28pm
A+E Networks is nearing agreement to buy 10% of Vice Media for $250 million, in a deal that would value the youth-focused online media company at $2.5 billion, according to people familiar with the matter.
Categories: Business

Angry Birds Chief to Step Down

Fri, 08/29/2014 - 7:17pm
Finland's Angry Birds maker Rovio Entertainment has been struggling to refresh its lineup and change its revenue model.
Categories: Business

Apple's New Whiz Kids

Fri, 08/29/2014 - 7:08pm
Apple and Google are providing scholarships and developers kits to software coders as young as 13 years old, looking to land whiz kids interested in writing apps for their smartphones and tablet computers.
Categories: Business

Tim Hortons, Burger King Termination Fee: $317 Million

Fri, 08/29/2014 - 6:55pm
Tim Hortons Inc. would owe Burger King about $317 million if the Canadian company were to walk away from its $11 billion sale to the U.S. fast-food chain, according to the pair's merger agreement.
Categories: Business

Australian Banks Warn Against Tougher Regulations

Fri, 08/29/2014 - 5:38pm
Australia's largest lenders defended their ability to withstand any future banking crisis and warned against further moves to strengthen the financial system, in submissions published to a government-backed review.
Categories: Business