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Nestlé Continues to Slim

Wall Street Journal - Thu, 04/16/2015 - 6:43pm
Nestlé needs to continue shedding its fringe businesses and capitalize on its size to cope with the wave of megamergers that is reshaping the food industry, Chairman Peter Brabeck-Letmathe said.
Categories: Business

Panera Shares Hit 52-Week High

Wall Street Journal - Thu, 04/16/2015 - 6:16pm
Shares of Panera Bread soared to a 52-week high after the sandwich-and-salad chain said it would boost a stock-buyback plan and sell some company-owned outlets with the backing of activist investor Luxor Capital Group.
Categories: Business

Beer Sales Canned at Indonesian Minimarts

Wall Street Journal - Thu, 04/16/2015 - 6:01pm
A prohibition on convenience stores selling beer in Indonesia threatens to slash revenue for drinks makers and highlights a collision of Islamic groups and business interests.
Categories: Business

Etsy Shares Surge in Market Debut

Wall Street Journal - Thu, 04/16/2015 - 4:31pm
Shares of online marketplace Etsy surged Thursday, more than doubling in their market debut. The stock opened at $31, 94% above its initial public offering price.
Categories: Business

AMD Loss Widens as Revenue Slumps

Wall Street Journal - Thu, 04/16/2015 - 4:08pm
Advanced Micro Devices Inc. said its first-quarter loss widened as revenue slumped, and the company said it was exiting its dense server systems business formerly known as SeaMicro, effective immediately.
Categories: Business

An Apple Manager's Headquarters for High Jinks

Wall Street Journal - Thu, 04/16/2015 - 3:58pm
A creative director crafts a San Francisco home dedicated to daring, whimsy and fun.
Categories: Business

Caesars Seeks More Time to Control Bankruptcy Case

Wall Street Journal - Thu, 04/16/2015 - 3:49pm
Caesars Entertainment Operating Co. wants to extend until Nov. 15 the amount of time it has to file its own reorganization proposal without the threat of rival plans.
Categories: Business

FDA Approves Generic MS Drug by Novartis and Momenta

Wall Street Journal - Thu, 04/16/2015 - 3:21pm
The FDA approved the first generic version of Teva’s blockbuster multiple-sclerosis drug Copaxone, which was developed by Novartis’s Sandoz business and Momenta, but it is unclear when it may come to market.
Categories: Business

Personality Tests Raise Bar in Job Hunt

Wall Street Journal - Thu, 04/16/2015 - 2:20pm
More companies use assessments to hire, with fewer willing to take a chance on anyone who doesn’t measure up.
Categories: Business

EU Antitrust Chief Makes Case for Google Charges

Wall Street Journal - Thu, 04/16/2015 - 2:19pm
The European Commission’s antitrust chief says Europe’s online search landscape is different from that of the U.S., where the company avoided a legal challenge.
Categories: Business

Party City Shares Rise 21%

Wall Street Journal - Thu, 04/16/2015 - 2:01pm
Shares of Party City, a retailer for party supplies, opened at $20.50 in their market debut Thursday, 21% above their initial public offering price.
Categories: Business

LightSquared's Losses Continue to Balloon

Wall Street Journal - Thu, 04/16/2015 - 12:40pm
LightSquared’s bankruptcy has hit another milestone: $2 billion in losses since Philip Falcone’s wireless venture filed for Chapter 11 protection in May 2012.
Categories: Business

Netflix Adds More Users Than Projected

Wall Street Journal - Thu, 04/16/2015 - 12:38pm
Netflix added a better-than-expected 4.88 million subscribers in the March quarter, as the streaming service sacrificed some profits to keep up its aggressive international expansion.
Categories: Business

Bristol-Myers to Sell Cancer Drug Rights to Eli Lilly

Wall Street Journal - Thu, 04/16/2015 - 12:27pm
Bristol-Myers Squibb said that it agreed to transfer North America commercialization rights to its cancer drug Erbitux to Eli Lilly.
Categories: Business

Chinese Tech Center Denies Allegations Over Supercomputer

Wall Street Journal - Thu, 04/16/2015 - 11:52am
A Chinese state-run technology center denied U.S. allegations that it uses the world’s fastest supercomputer to conduct nuclear explosive activities and said Washington’s new export limits would accelerate China’s shift to domestic chip production.
Categories: Business

Holcim Says Won't Consider Eurocement Board Request

Wall Street Journal - Thu, 04/16/2015 - 11:51am
Holcim said it wouldn’t consider a request from Eurocement for a board seat at the company that will be created by the Swiss company’s union with France’s Lafarge.
Categories: Business

EU Hits Google With Antitrust Charges

Wall Street Journal - Thu, 04/16/2015 - 10:55am
European Union regulators formally accused Google of violating the bloc’s antitrust laws by abusing its dominance of online search.
Categories: Business

Mail via Drone or Humvee?

Wall Street Journal - Thu, 04/16/2015 - 10:30am
More than a dozen companies are vying to bring the lowly mail truck into the future.
Categories: Business

Hollywood's New Gambit: Virtual Reality

Wall Street Journal - Thu, 04/16/2015 - 10:24am
With several virtual-reality companies expected to release consumer headsets this Christmas, Hollywood is developing projects to make sure new buyers have something to actually experience with them.
Categories: Business

McDonald's Japan Projects Wider Loss After Food Scandals

Wall Street Journal - Thu, 04/16/2015 - 10:17am
McDonald’s Japan said it expects to post deep losses in the current fiscal year and that it would be closing 131 of its stores.
Categories: Business
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