Kohl's Makes Changes in Top Ranks
Kohl's is expected to announce that Larry Montgomery will step down as CEO and that its president will take over.
Categories: Business
Big Dreams for North Korean Industrial Park
South Koreans hope to turn the Kaesong Industrial Park into a capitalist foothold that might someday undermine the Stalinist North Korean state.
Categories: Business
World Business Briefing | Europe: Ericsson and STMicro Units to Combine
Ericsson and STMicroelectronics have agreed to combine their wireless chip and software businesses into a new joint venture that will compete to supply cellphone handset makers.
Categories: Business
Report Suggests Breakup of British Airport Operator
British competition authorities called for the breakup of BAA in a preliminary report that recommended the sale of two of its three airports serving London and one in Scotland.
Categories: Business
NBC to Acquire British Production Agency for International Unit
NBC Universal said that it had signed an agreement to acquire an independent production agency in Britain, giving it a base of operations for international expansion.
Categories: Business
IAC Seeks Lift by Splitting Off Units
IAC faces a test to become more profitable as a smaller entity as it prepares to spin off four big properties.
Categories: Business
Home Magazine a Victim of Housing Woes
The publisher of Home said it is pulling the plug on the struggling magazine. The downturn in the real-estate market has cast doubt on reader and advertiser appetite for "shelter" publications that tell people how to spruce up their homes.
Categories: Business
World Business Briefing | Australia/new Zealand: Australia: Acquisition for Gas Company
Queensland Gas, one of the companies proposing a liquefied natural gas project in northeast Australia, has agreed to buy Sunshine Gas Ltd. for at least 837 million Australian dollars ($730 million).
Categories: Business
World Business Briefing | Americas: Canada: Retail Sales Rise
Retail sales in Canada rose for a fourth consecutive month in June, led by higher gasoline prices and clothing purchases.
Categories: Business
World Business Briefing | Europe: Arcelor to Buy Brazilian Iron Assets
The big steel maker ArcelorMittal said it would pay $810 million for the Brazilian iron ore assets of London Mining.
Categories: Business
Microsoft Enlists Seinfeld for Ads
Microsoft is turning to Jerry Seinfeld to star in a new $300 million advertising campaign, one of the largest in the software giant's history.
Categories: Business
Intel, Yahoo Target Web Services on TV
Intel is joining Yahoo in a partnership to help companies deliver Web content alongside TV programming.
Categories: Business
Airlines Face Billions More in Losses
Airlines globally could lose more than $6.1 billion in 2008 due to high oil prices and geopolitical instability, the head of an industry group said.
Categories: Business
Steve & Barry's Finds Buyer for Assets
Steve & Barry's will survive as a going concern after Bay Harbour agreed to buy its assets for $168 million.
Categories: Business
FDIC Faces Balancing Act in Replenishing Fund
As financial institutions continue to fail, the Federal Deposit Insurance Corp. is under pressure to decide how to replenish the fund that insures consumer deposits.
Categories: Business
Continental Agrees to Schaeffler Deal
Continental AG relented its opposition to a takeover by rival auto supplier Schaeffler Group in exchange for substantial concessions, including a raised offer of $112 a share and guarantees not to take a majority stake before 2012.
Categories: Business
Live Nation Makes Deal With Promoter
Live Nation has formed a partnership with the biggest concert promoter in Latin America, in a bid to strengthen its global touring business.
Categories: Business
Fed Acted on Lehman Rumor
The Fed quietly called Credit Suisse last month to see if it had pulled a line of credit from Lehman Brothers in response to a rumor.
Categories: Business
Retailers Personalize In-Store Ads
Marketers are starting to personalize in-store promotions in the latest bid to tailor ads to specific consumers.
Categories: Business
Auction-Rate Probe Intensifies
New York state stepped up its probe of Bank of America, Goldman Sachs and Deutsche Bank over the firms' sales of auction-rate securities.
Categories: Business





