Business News

  • U.S. Panel Orders Import Ban on Some Samsung Devices
    The ITC ordered a ban on the import and sale of some Samsung mobile devices after finding it infringed on two Apple patents.
  • Hollywood Takes Spanish Lessons
    Hispanics have become some of Hollywood’s best customers. Now, the Latino fan base is beginning to change the way Hollywood spends its money—from production to theater renovations.
  • Postal Loss Shrinks From Year Earlier
    The U.S. Postal Service recorded a $740 million loss for the quarter ended June 30, a figure that virtually ensures the agency will fail to record an annual profit for a seventh consecutive year.
  • SAC Braces for Investor Exit
    SAC Capital executives are preparing for investors to pull virtually all of what remains of the embattled hedge-fund firm’s outside capital and are discussing ways to streamline the company in light of its shrinking size.
  • Open Warfare on J.C. Penney Board
    J.C. Penney’s board broke into open warfare, threatening to distract top managers and hobble the search for a new chief executive at a crucial moment in the retailer’s attempt to turn itself around.

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