Business News

  • Hon Hai Sets Up Japan Centers
    Hon Hai Precision Industry is setting up research centers in Japan, marking another step in the Taiwanese company’s plan to move beyond assembling iPhones and iPads.
  • Kinder Morgan Cancels $2 Billion Pipeline Plan
    Kinder Morgan Energy Partners canceled plans for a $2 billion pipeline that would have given refiners on the West Coast a direct stream of West Texas crude.
  • LVHM Says Hermès Exit Is Possible
    LVMH Möet Hennessy Louis Vuitton said it hasn’t ruled out the sale of its 22.3% stake in rival Hermès, offering a sliver of hope to Hermès that its unwanted shareholder might go away.
  • Bloomberg Tactics Drew Ire in Bank World
    Before the disclosure in May that Bloomberg LP’s news division had accessed customers’ personal usage data gathered on its terminals, there was an unusual phone call between Wall Street’s two most influential firms.
  • What China Can Learn From America's Hot Dogs
    Behind the planned takeover of Smithfield by China’s biggest meat processor is a push by the Asian nation to industrialize its food-production system to address health problems and feed an increasingly wealthy population.
  • General Motors Speeds Revamp of Duds
    General Motors plans to tweak or refreshen its vehicle portfolio more frequently than in the past to increase its vehicles competitiveness in the U.S. market amid an industrywide quickening of design changes.
  • Ruling Delayed on Apple-Samsung Patent Case
    The U.S. International Trade Commission on Friday delayed its decision on whether Apple Inc. infringed Samsung Electronics Co.’s patents. A ruling is now expected on June 4.
  • Dell Sets July 18 for Buyout Vote
    Dell filed proxy materials regarding its proposed acquisition by founder Michael Dell and Silver Lake Partners, again contending that going private is the best course and announcing plans to hold a shareholder meeting July 18 to vote on the matter.
  • TV Networks Play to 'Second Screen'
    AMC will show video vignettes on an app to promote “The Killing,” one of a number of increasingly ambitious efforts being produced by TV networks.

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