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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.
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.
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.
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.
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.
A creative director crafts a San Francisco home dedicated to daring, whimsy and fun.
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.
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.
More companies use assessments to hire, with fewer willing to take a chance on anyone who doesn’t measure up.
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.
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.
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.
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.
Bristol-Myers Squibb said that it agreed to transfer North America commercialization rights to its cancer drug Erbitux to Eli Lilly.
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.
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.
European Union regulators formally accused Google of violating the bloc’s antitrust laws by abusing its dominance of online search.
More than a dozen companies are vying to bring the lowly mail truck into the future.
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.
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.