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Corporate news

  • Anthony Riccio, Peter Giacchi

    Stocks end lower after disappointing jobs report

    Stocks fell on Wall Street Friday after the government reported a sharp slowdown in hiring last month that was far worse than economists had expected. 

  • Tyson agrees to $4M penalty to resolve EPA case

    Tyson Foods Inc. will pay roughly $4 million in civil penalties to settle allegations related to eight accidental anhydrous ammonia releases that ... 

  • Mark Zuckerberg

    Facebook tweaks Android phones to build new 'Home'

    With its new "Home" on Android gadgets, Facebook is trying to prove that a company doesn't have to make a smartphone or operating system to define how ... 

  • Fisker to cut three-fourths of its work force

    Troubled electric car maker Fisker Automotive Inc. has laid off about three-fourths of the workers at its California headquarters as it struggles with ... 

  • EU clears Random House, Penguin merger deal

    The European Union's antitrust watchdog on Friday gave its green light to the proposed merger of Penguin and Random House that will create the world's ... 

  • Samsung's operating profit up 53 percent in 1Q

    Samsung Electronics Co. said its operating profit last quarter rose 53 percent over a year earlier, outpacing expectations for what's normally a slow ... 

  • Lagardere to sell off stake in EADS by July

    Lagardere has confirmed its intention to sell its stake in European aerospace and defense giant EADS by the end of July. The French multinational ... 

  • HP's chairman steps down, 2 directors to depart

    Hewlett-Packard Co. Chairman Ray Lane is stepping down and two other board members are leaving in a shake-up spurred by disgruntled stockholders stung ... 

  • Questions arise over political intel providers

    Requiring more disclosure from "political intelligence" entrepreneurs who gather information on Congress and other government activities and sell it ... 

  • MF Global trustee criticizes Corzine, execs

    A trustee overseeing MF Global says a risky trading strategy and "negligent conduct" by former CEO Jon Corzine and his top managers contributed to the ... 

  • Best Buy stores to feature Samsung kiosks

    Shares of Best Buy jumped on Thursday after it announced plans to create store-within-store kiosks for Samsung products — a vote of confidence from ... 

  • Possible deal could cut ex-Enron CEO's sentence

    A possible agreement that could reduce the prison sentence of former Enron Corp. CEO Jeffrey Skilling for his role in the collapse of the once mighty ... 

  • Michael Bercovici

    Stocks move higher on Wall Street; Best Buy soars

    The Dow Jones industrial average closed higher Thursday, regaining half of its decline the day before, as buyers returned to the market. The Dow rose ... 

  • T-Mobile USA gains subscribers

    T-Mobile USA's subscribers were more likely to stick with the company in the last three months, a welcome trend for a carrier that's struggling ... 

  • Mark Zuckerberg

    Facebook moves to home screens of Android phones

    Facebook is unveiling a new experience for Android phones. The idea behind the new Home service is to bring content right to you, on the phone's home ... 

  • Barack Obama

    US is halfway to Obama 5-year export-doubling goal

    Suddenly, outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling ... 

  • Japan central bank revamps policy to boost economy

    Japan is taking aggressive action to lift consumer prices, encourage borrowing and help pull the world's third-largest economy out of a long slump. 

  • Arthur Frommer, Pauline Frommer

    Arthur Frommer gets Frommer brand back from Google

    Travel guru Arthur Frommer said Wednesday that he has reacquired rights to his travel guidebook brand from Google, and that he intends to resume ... 

  • North Korea still far from backing up nuke threats

    North Korea's vow to restart its mothballed nuclear facilities raises fears about assembly lines churning out fuel for a fearsome arsenal of nuclear ... 

  • Personal relationships at focus in Sands trial

    Attorneys told conflicting stories about the role that personal relationships and favors play in the Chinese gambling enclave of Macau during opening ... 

  • June 1 restart could be out of reach at San Onofre

    Executives for the company that operates the shuttered San Onofre nuclear power plant sketched a future Wednesday in which one of the twin reactors ... 

  • Mark Zuckerberg

    EMarketer: Facebook US mobile ad revenue soaring

    A research firm says it expects Facebook's mobile ad revenue to soar this year, hitting nearly $1 billion a year after the company started to splice ... 

  • Monsanto profit rises 22 percent in second quarter

    Monsanto reported Wednesday that its income increased 22 percent in the agriculture products company's second quarter on strong sales of biotech ... 

  • Analyst: 60-inch Apple iTV to launch this year

    It's no secret that Apple wants to get into the living room by making its own TV set, and there have been plenty of rumors and reports about how and ... 

  • NKorea refuses to let SKoreans enter joint factory

    In past deadly confrontations between North and South Korea, a jointly operated industrial park stayed open, churning out goods. But in the latest ... 

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