Business News

  • Yahoo's Mayer Hits One-Year Mark
    Yahoo’s share price has soared more than 70% since the arrival of CEO Marissa Mayer one year ago, but there isn’t much evidence yet of a fundamental turnaround at the Web company.
  • U.S. Shale Boom Threatens Australian Gas Projects
    More than $160 billion of bets placed by international oil companies including on natural gas in Australia are getting riskier, as it becomes the latest major energy producer to grapple with North America’s surging output of shale gas.
  • For Vintner, $145 Million of Wine Down Drain
    Australia’s Treasury Wine, one of the world’s biggest vintners, was forced to destroy thousands of gallons of wine following poor U.S. sales and will book a $145 million charge.
  • China Targets Big Pharma
    China unveiled a litany of bribery and misconduct allegations against GlaxoSmithKline, a move that industry experts said could presage a broader crackdown in a lucrative market for pharmaceutical and medical companies.
  • Dreamliner's Emergency Transmitter Probed
    Investigators are examining the emergency locator transmitter on a Boeing 787 as a potential cause or contributor to the fire that damaged an Ethiopian Airlines jet at Heathrow Airport Friday.
  • Gallup Settles With U.S.
    Gallup agreed to pay $10.5 million to settle allegations that it overbilled the U.S. Mint and State Department, and struck a deal to avoid prosecution in a conflict-of-interest case involving FEMA.
  • Heidrick CEO Steps Down
    Heidrick & Struggles International Inc. Chairman and Chief Executive L. Kevin Kelly stepped down from both positions and will return to the firm’s executive-search business in a senior client service role.
  • Christie's to Hold Its First Sale in India
    Christie’s said it is planning to hold its first sale in India this winter in an expansion that reflects the growing clout of Indian collectors in the global art marketplace.
  • KKR-Owned First Data to Suspend 401(k) Contributions
    First Data will suspend 401(k) contributions to employees and replace cash bonuses with stock as part of its new chief executive’s strategy to return the credit-card processor to profitability.

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