Business News

  • 'Jumbo' Mortgage Rates Hit Milestone
    Interest rates on mortgages for pricey homes have dropped below those on smaller mortgages, an event that lending executives say has never happened before.
  • Samsung Unveils Smartwatch
    Samsung unveiled a highly anticipated watch-phone, the Galaxy Gear, opening a new front in the battle over “wearable” devices.
  • U.S. Car Sales Soar to Pre-Slump Level
    The U.S. auto industry has shifted into high gear with new-car buyers snapping up vehicles last month at a pace not seen since before the financial crisis.
  • Fiat Invests in Aging Factory to Build Maserati SUV
    Fiat is going ahead with a planned, nearly €1 billion ($1.31 billion) investment in its aging Mirafiori factory in Turin, after a delay prompted by a dispute with a union had stalled the plan.
  • Basics Get Luxury Treatment
    Procter & Gamble is testing how far the concept of luxury can be pushed into the world of the mundane.
  • Thailand's Dhanin Looks for Acquisitions
    Just months after spending more than $15 billion in the space of a few weeks on a stake in a Chinese insurer and a Thai chain of discount stores, Thailand’s richest man is again looking for deals.
  • Sony Unveils 'Lens Type' Phone Camera
    Sony introduced a device that crams the functionality of a high-end compact camera into the body of a lens attachable to smartphones.
  • Bezos Meets With Washington Post Staff
    Jeff Bezos, who last month agreed to buy the Washington Post, on Wednesday met with staffers, telling them that the paper needs to embrace technology and can’t afford to cut more workers.
  • Microsoft CEO Job: A Tough Sell?
    The job description for Microsoft’s new CEO could go something like this: head of world’s largest software company; competitive salary; few big decisions required.

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