Business

Facebook Shares Plummet on Day 2

WSJ US Business - 39 min 7 sec ago
Shares in Facebook plunged on their second day on the stock market, a black eye for all those involved with the social networking company going public.
Categories: Business

Cable Firms Share Wi-Fi Hot Spots

WSJ US Business - 46 min 57 sec ago
Comcast, Time Warner and three other large cable operators agreed to give customers access to each other's wireless Internet hot spots.
Categories: Business

Eaton to Buy Cooper Industries

WSJ US Business - 50 min 7 sec ago
Eaton agreed to buy Cooper Industries in an $11.8 billion cash-and-stock deal that would significantly expand Eaton's power business.
Categories: Business

EU Presses Google on Antitrust Issues

WSJ US Business - 55 min 9 sec ago
The European Commission said it would offer Google the chance to offer remedies against antitrust complaints brought by more than a dozen companies, including Microsoft.
Categories: Business

Europe's Banks Fear Flight of Deposits

WSJ US Business - 1 hour 7 min ago
The European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
Categories: Business

Samsung, Apple to Sit at the Table

WSJ US Business - 1 hour 9 min ago
Chief executives of Apple and Samsung Electronics will meet in Monday in a court-directed session aimed at settling their smartphone patent war. But a deal seems unlikely.
Categories: Business

Barclays to Sell Entire BlackRock Stake

WSJ US Business - 1 hour 14 min ago
Barclays said that it intends to sell its $6.1 billion stake in BlackRock, as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.
Categories: Business

Globalization Spurs Steel Mill

WSJ US Business - 1 hour 16 min ago
By copying practices at a modern Belgian mill, U.S. workers are learning to make the same amount of steel with nearly half the people employed three decades ago.
Categories: Business

China's Wanda to Buy AMC

WSJ US Business - 1 hour 16 min ago
Chinese property conglomerate Dalian Wanda Group will acquire U.S. movie theater chain AMC Entertainment in a deal worth about $2.6 billion.
Categories: Business

Qantas to Cut 500 Jobs

WSJ US Business - 1 hour 28 min ago
Qantas said it will terminate 500 engineering jobs as part of a wider effort to stem losses at its international-flights unit.
Categories: Business

Gestures Control Computers

WSJ US Business - 1 hour 31 min ago
The race is on to liberate computer users from the mouse. Some technology innovators are developing ways in which hand gestures can be used to control computers.
Categories: Business

Lowe's Posts Tepid Sales

WSJ US Business - 1 hour 34 min ago
Lowe's fiscal first-quarter earnings rose 14% on a calendar shift and unusually warm weather but the retailer slightly lowered its full-year earnings outlook and warned that weather might have pulled sales forward.
Categories: Business

Nasdaq's Facebook Problem

WSJ US Business - 2 hours 55 min ago
The Nasdaq Stock Market said it bungled Facebook's IPO, acknowledging that tech problems affected trading in millions of shares.
Categories: Business

Thai Airways Dismisses President

WSJ US Business - 3 hours 18 min ago
Thai Airways International dismissed its president in what analysts said was a politically motivated move that could dampen the outlook for the flag carrier already being hit by high fuel prices and weak demand
Categories: Business

Fuel Costs to Pinch Ryanair

WSJ US Business - 3 hours 22 min ago
Ryanair warned earnings will fall sharply this year as it becomes harder to offset high fuel costs with fare increases, as the carrier posted a better-than-expected 50% jump in profit.
Categories: Business

Fiat Plans for India

WSJ US Business - 3 hours 46 min ago
Fiat is planning a major product offensive in India -- bringing in brands including Chrysler's Jeep and Dodge -- as it attempts to catch up with well-entrenched players such as Suzuki, Volkswagen and Toyota.
Categories: Business

Pest Attack Threatens Indian Coffee

WSJ US Business - 3 hours 52 min ago
An extended dry spell in India's main coffee growing regions has promoted the spread of a crop pest, which is threatening next marketing year's output.
Categories: Business

China Clears Google to Buy Motorola Mobility

WSJ US Business - 4 hours 13 min ago
Chinese antitrust authorities required Google to keep its Android mobile-device software available to manufacturers as part of its approval of the Internet search company's purchase of Motorola Mobility Holdings.
Categories: Business

Yahoo in Deal on Alibaba Stake

WSJ US Business - 4 hours 36 min ago
Yahoo struck a deal to sell up to half of its stake in Alibaba Group Holding back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had recently soured.
Categories: Business

Graff Seeks $1 Billion in Hong Kong IPO

WSJ US Business - 4 hours 39 min ago
London-based jeweler Graff Diamonds plans to raise $1 billion from a Hong Kong initial public offering that starts Monday.
Categories: Business
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