Business News

  • Canadian Miner Sweetens Hostile Bid
    First Quantum made a new, hostile cash-and-stock bid for Inmet Mining that values the rival miner at $5.17 billion, sweetening the terms of two previous attempts at winning over Inmet shareholders.
  • Facebook’s Wal-Mart Gambit
    Facebook’s ability to woo investors will depend on deals like its 72-hour Black Friday experiment with Wal-Mart, the social network’s biggest mobile-advertising campaign ever, with 50 million ads.
  • Google, FTC Close to a Deal
    Google is close to emerging largely unscathed from a two-year federal probe of its Web-search business, a result likely to disappoint rivals that were hoping the Internet giant would become mired in antitrust litigation.
  • Now on Twitter: Shopping Deals
    Twitter is taking center stage in retailers’ holiday strategies this year, in a shift from the supporting role that the social-media platform once played during the end-of-year shopping season.
  • ‘The Hobbit’ Sets December Record
    “The Hobbit: An Unexpected Journey” took an expected trip to the top of the box office rankings, and set a record as the biggest December opening of all time.
  • United Pilots Approve Labor Pact
    United Continental pilots ratified a labor agreement covering the crews brought together by the 2010 merger of United Airlines and Continental Airlines.
  • Boeing Continues Probe of 787 Electrical Issues
    Boeing continues to investigate electrical issues on its new 787 Dreamliner after the replacement of electrical-system parts on at least four aircraft.
  • Hospital Systems Branch Out as Insurers
    A growing number of hospital systems are moving to start their own insurance plans, aiming to broaden their roles and prepare for the changes coming under the federal health-care overhaul.
  • Potential Drug for Fatigue to Get New Review
    A potential treatment for chronic fatigue syndrome is to get a new look with a federal advisory panel review of Hemispherx Biopharma’s experimental drug Ampligen.

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