Business News

  • Glencore Xstrata CEO: Expect Big Layoffs
    As Glencore Xstrata shares start trading Friday, CEO Ivan Glasenberg’s focus is on integrating the two firms, squeezing out every ounce of profit, and watching for the next deal.
  • China's Factories Turn on the Charm
    Factory owners in China are resorting to sponsoring dating events, opening karaoke rooms and holding sewing competitions to keep employees amid a tight labor market. Third in a series.
  • GM Shares Up on Gains in U.S., Asia, Europe
    GM’s first-quarter profit fell a less-than-expected 11% on a weaker performance in North America, but shares rose on retail market share gains in North America, Asia and Europe.
  • Nook Tablet to Support Google Apps
    Book retailer Barnes & Noble is adding Google’s apps and online services including gmail to its Nook HD tablets in an effort to boost sales and match rivals such as Amazon’s Kindle Fire tablet.
  • Regulators Scrutinize Auto Lenders Over Add-Ons
    The Consumer Financial Protection Bureau has issued subpoenas to U.S. auto lenders over the sale of extended warranties and other financial products, expanding a civil probe that could slow the booming car-loan industry.
  • Aerosoles Owner Hunts for Deal
    Grumman Hill, the private-equity owner of the Aerosoles shoe chain, is seeking a buyer or strategic partner for the company.
  • Live Nation to Buy Insomniac Stake
    Live Nation Entertainment is close to finalizing a deal to acquire a 50% stake in Insomniac Events, which produces electronic dance music festivals and is known for its Electric Daisy Carnival.
  • Verizon Talks Tough to Vodafone
    In comments that appear aimed at pressuring Vodafone to sell its stake in the companies’ U.S. joint venture, Verizon’s CEO hinted that Verizon Wireless might not pay a distribution to its two owners this year.
  • Bears Retreat on Build-A-Bear
    Build-A-Bear shares were up close to 30% after the do-it-yourself stuffed animal store posted a rare profit and increase in sales.

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