Business News

  • RBS Names New CEO
    The bank promoted Ross McEwan, the head of its retail bank, to the role of chief executive.
  • Learning How to Kowtow
    The Business: What the European Union called its “amicable solution,” negotiated with China to stop that country from dumping solar panels in Europe, wasn’t really amicable or a solution, writes John Bussey.
  • Shale-Boom Profits Bypass Big Oil
    Some of the world’s biggest energy companies are struggling to make money from massive bets on the shale boom in North America, where deposits of oil and gas are proving abundant but not always profitable.
  • Baxter Found Expense Violations in China
    Baxter investigated a joint venture in China and discovered expense violations there last year. The disclosure comes amid heightened attention to how multinational drug makers sell their medicines in China.
  • Kraft Sales Pressured by Competition
    Kraft net income rose thanks to a special gain, but sales declined, as it faced heightened competition for its salad dressings, Jell-O and other products.
  • Chesapeake Reports Rising Oil Output
    Chesapeake’s shares jumped 7% as the energy producer reported rising oil output and its new CEO pledged to close a persistent gap between its spending and cash flow by next year. Profit fell 40%.
  • Samsung Fires Engineering Unit Chief
    Samsung Group fired the head of its engineering unit following a water-tank explosion last week that killed three workers, the latest in a series of accidents at South Korea’s biggest business group.
  • Sprouts Farmers Market Doubles in Trading Debut
    Sprouts Farmers Market’s shares surged after the specialty grocery chain’s IPO, the latest sign of healthy demand for natural-foods retailers.
  • Apple's Next iPad Mini to Likely Have 'Retina'
    Apple is working with suppliers in Asia on its next iPad Mini with a high-resolution display produced by Samsung, its top smartphone market rival.

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