Business News

  • Brake Failures Dog Freight Railroads
    Dozens of serious train accidents occur in the U.S. each year because of brake-related failures like the one blamed for the deadline July 6 derailment and oil explosion in Quebec this month.
  • Smartphone Upgrades Slow as 'Wow' Factor Fades
    Fewer people are upgrading their smartphones—a trend that could make it harder for companies from AT&T to Apple to keep up the pace of revenue growth.
  • Skyscraper Builders Reach for Stars Again
    London’s “cheese grater” exemplifies the world-wide trend toward tall towers.
  • China Steps Up Pressure on Glaxo
    A high-level Chinese GlaxoSmithKline executive appeared to back allegations of bribery in an interview on state-controlled television in China.
  • Chevron, YPF Sign Shale Deal
    Chevron agreed to fund most of a $1.5 billion joint venture with Argentina’s state-run energy company, YPF, to develop shale oil and gas deposits.
  • GM's Opel Stuck in Reverse
    GM’s Opel brand shrank to its lowest market share in Europe for more than a decade in the first half even as Ford Motor’s sales revved up in June, benefiting from an inventory sell down earlier in the year.
  • Google Pitches Online TV Service
    Google has approached media companies about licensing their content for an Internet TV service that would stream traditional TV programming.
  • New Drugs Lift J&J's Quarter
    JJohnson & Johnson’s second-quarter earnings more than doubled to $3.8 billion, as the company benefited from fewer special charges and surging sales for new prescription drugs that it is starting to roll out.
  • Yahoo's Revenue Falls Again
    Yahoo chief Marissa Mayer delivered another mixed report card on her yearlong turnaround effort, showing a 46% jump in quarterly earnings for the Internet pioneer but continued revenue declines that underscore her challenges.

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