Business News

  • PC Makers Unveil Hybrid Devices
    Personal computer makers unveiled a range of unconventional devices on the eve of Asia’s biggest computer trade show, as they seek to revive a flagging industry.
  • Takeover Bids for Billabong Collapse; Shares Plunge
    Australian surfwear brand Billabong was moving urgently to raise new funds, including by selling assets, after takeover talks with two private-equity bidders collapsed and it cut its earnings outlook again.
  • Vodafone Takes Second Look at German Cable
    Vodafone Group PLC has revived its evaluation of a potential takeover of Germany’s largest cable operator, Kabel Deutschland Holding AG, a move that would strengthen the mobile-phone giant’s position in the country.
  • Obama Plans to Take Action Against Patent-Holding Firms
    The White House is set to announce a set of executive actions aimed at reining in certain patent-holding firms, known as “patent trolls” to their detractors, amid concerns that the firms are abusing the patent system.
  • U.S. Car Sales Signal Plateau for Demand
    Auto makers posted higher U.S. sales in May driven by strong demand for pickup trucks and sport-utility vehicles, even as some analysts questioned whether the auto market’s recovery is starting to level off.
  • U.S. Door Swings Ajar to China IPOs
    At least four Chinese companies are considering U.S. stock exchanges for initial public offerings, possibly reopening a market that slammed shut in 2011 because of accounting woes at other Chinese companies that went public in the U.S.
  • Ackman to Cut Canadian Pacific Stake
    Hedge-fund manager Bill Ackman is selling up to 29% of his stake in Canadian Pacific Railway a year after winning a high-profile proxy fight to install a new chief executive at the railroad.
  • Scotts CEO Reprimanded
    Scotts Miracle-Gro said its board reprimanded CEO Jim Hagedorn for his use of “inappropriate language,” and that three independent directors had resigned following the move.
  • Prosecutors Accuse Apple on E-Book Pricing
    Apple was the conduit for five major publishers that sought to drive up the price of electronic books, as the technology company entered the market in 2010, a Justice Department lawyer told a federal court.

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