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Updated: 6 min 56 sec ago

Destination Maternity Drops Bid for Mothercare

Fri, 07/25/2014 - 11:18pm
Maternity-apparel retailer Destination Maternity Corp. dropped its bid to buy U.K.'s Mothercare PLC in what would have been the first U.S. retail chain to try using a controversial tactic to reincorporate overseas to lower its tax bill.
Categories: Business

NHTSA Reviews Chevy Impala Glitch

Fri, 07/25/2014 - 11:16pm
The National Highway Traffic Safety Administration, acting out of "an abundance of caution," is conducting a limited review into some Chevrolet Impala models over a possible software glitch that can disable air bags.
Categories: Business

FBI Interviews Glaxo Employees

Fri, 07/25/2014 - 10:53pm
FBI agents have been interviewing current and former Glaxo employees in connection with bribery allegations made against the company in China, as fresh claims of corruption surface against Glaxo's operations in Syria.
Categories: Business

There's No Flying in Drone School

Fri, 07/25/2014 - 10:42pm
With a coming boom expected in the unmanned-aircraft industry, universities and colleges are scrambling to train pilots. But thanks to government rules, they can't actually get the devices off the ground.
Categories: Business

An Online Real-Estate Giant Looms Large

Fri, 07/25/2014 - 9:16pm
A possible merger of listing sites Zillow and Trulia could put the squeeze on brokers, some fear.
Categories: Business

Storm Clouds Over Amazon Business

Fri, 07/25/2014 - 8:59pm
New and deep-pocketed rivals threaten to squeeze profit margins in Amazon.com's cloud computing business, adding to investor concerns about the Seattle company's profitability.
Categories: Business

Fox Bolsters Cash With BSkyB Deal

Fri, 07/25/2014 - 7:28pm
British Sky Broadcasting Group said it agreed to buy all of Sky Italia and most of Sky Deutschland from Rupert Murdoch's 21st Century Fox, for more than $9 billion.
Categories: Business

Aspen Insurance Shareholders Reject Endurance's Proposals

Fri, 07/25/2014 - 7:23pm
Aspen Insurance Holdings Ltd. shareholders on Friday rejected Endurance Specialty Holdings Ltd.'s proposals to push forward its unsolicited takeover, Aspen said.
Categories: Business

Tariffs Boost Solar-Panel Makers in U.S.

Fri, 07/25/2014 - 7:06pm
New tariffs on Chinese solar panels, including widely anticipated duties imposed by Washington on Friday, are spurring companies to manufacture more solar-power equipment in the U.S.
Categories: Business

Tyson Foods to Close Three Plants

Fri, 07/25/2014 - 6:33pm
Tyson Foods Inc. said that ahead of its purchase of Hillshire Brands Co., it will close three facilities it acquired in the 2001 purchase of beef and pork processor IBP Inc.
Categories: Business

Berkshire Hathaway Energy's Planned AltaLink Purchase Clears First Hurdle

Fri, 07/25/2014 - 6:25pm
Berkshire Hathaway Energy's application to buy SNC-Lavalin Group Inc.'s AltaLink power-transmission unit received preliminary approval, the Canadian industry minister said.
Categories: Business

Safeway Shareholders OK Albertsons Merger

Fri, 07/25/2014 - 6:17pm
Safeway Inc.'s shareholders have approved a planned merger with Albertsons, part of a group led by private-equity firm Cerberus Capital Management LP., the company said Friday.
Categories: Business

Freeport Bites the Bullet in Indonesia

Fri, 07/25/2014 - 6:15pm
Indonesia signed on to new contract terms for the local unit of Freeport Mc-MoRan, paving the way for the U.S. mining company to resume copper concentrate exports.
Categories: Business

Russia Hauls McDonald's to Court

Fri, 07/25/2014 - 4:18pm
The regulator seeks to ban some of McDonald's most popular products, alleging violations of safety codes which the U.S. company denies.
Categories: Business

Tencent Private Bank Plan Gets Approval

Fri, 07/25/2014 - 4:06pm
China's banking regulator approved the establishment of three private banks, with one green light going to Chinese Internet company Tencent Holdings.
Categories: Business

Health-Law Patients Boost Hospital Profits

Fri, 07/25/2014 - 4:03pm
A wave of newly insured patients helped boost hospitals' earnings, a sign the health law's coverage expansion is leading more patients to seek treatment. Universal Health Services' revenue rose 10% and LifePoint Hospitals profits rose 44%.
Categories: Business

China Pressure Brings Jaguar Land Rover Price Cuts

Fri, 07/25/2014 - 3:23pm
Jaguar Land Rover said it would cut prices on two Range Rover SUVs and a Jaguar sports car in China by an average of $32,000 in response to challenges by Chinese state media and the government.
Categories: Business

Lyft Reaches Deal in New York

Fri, 07/25/2014 - 3:22pm
Ride-sharing app Lyft Inc. has agreed to use only commercial drivers in New York City and follow state and local law as it prepares to roll out operations in New York Friday evening.
Categories: Business

Google's Moonshot: the Human Body

Fri, 07/25/2014 - 2:56pm
Google has embarked on what may be its most ambitious science endeavor: a quest inside the human body. Called Baseline Study, the project will collect genetic and molecular data to create a full picture of a healthy human.
Categories: Business

Obama Urges Action on 'Inversions'

Fri, 07/25/2014 - 2:46pm
The president threw himself into the politically charged effort to block U.S. firms from reincorporating overseas for tax reasons, calling the relocations "wrong" and urging Congress to stop them through quick-fix legislation.
Categories: Business