Business News

  • 2012, a Year of Corner-Office Twists
    Extraordinary managerial developments in 2012 included a CEO who was fired after serving four hours and a woman who was named the top boss of a major company while six months pregnant.
  • Chinatrust in Talks to Buy Tokyo Star Bank
    U.S. investment firm Lone Star Funds and other shareholders of Tokyo Star Bank are in talks on selling the midsize Japanese lender to Taiwan’s Chinatrust Commercial Bank, a person close to the talks said Sunday.
  • Road Bumps May Loom for Car Giants
    Europe’s struggling mass-market auto makers risk having to take additional measures to stay in business if already weak sales worsen more than expected in 2013.
  • BofA Settlement Hits Snags
    A big legal settlement usually marks the end of the bulk of the work for the Justice Department. But a year after a $335 million deal with Bank of America to compensate minority borrowers for discrimination, much remains to be done.
  • A Sundance Festival First
    The annual Sundance Film Festival will feature an even number of films by female and male directors in the U.S. Dramatic Competition category—a first for the festival, which in past years has had a smaller proportion of women.
  • Gene Patents Face Reckoning
    Last year, Quest Diagnostics spent $740 million to buy a company that owns rights to some patents on human genes. So the prospect of a Supreme Court ruling in 2013 striking down such patents might seem scary.
  • ‘Django’ Outdraws ‘Les Misérables’
    Quentin Tarantino’s latest film, “Django Unchained,” was the weekend’s biggest new release, beating out the musical “Les Miserables,” but it failed to dislodge ‘The Hobbit: an Unexpected Journey’ from No. 1 at the box office.
  • Advertisers Fret Over Fiscal Cliff
    Automatic tax increases that will go into effect if Congress doesn’t reach a compromise budget deal are likely to worsen the already weak outlook for ad spending in 2013.
  • AMR Pilots Nod to Possible Deal
    In a step that potentially could ease the way for a merger of American Airlines parent AMR and US Airways, the board of American’s pilots unions approved an interim framework for a labor agreement should the two carriers proceed with a combination to take AMR out of bankruptcy-court protection.

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