Business News

  • Sotheby's Adopts Poison Pill
    Auction house Sotheby’s has adopted a shareholder rights plan that effectively blocks a single investor from buying more than 10% of its stock.
  • One Doubt Hanging Over Twitter's IPO
    Twitter’s more than 215 million users range from everyday people to a constellation of robots and spammers, so how can advertisers work out who’s who?
  • Tesla Stock Falls on Video of Fiery Crash
    Electric car maker Tesla won a victory in its efforts to sell directly in the U.S., but online video of a vehicle fire near Seattle following a collision with road debris pushed its shares sharply lower.
  • Hackers Hit Adobe Systems' Network
    Adobe Systems said hackers gained access to information on 2.9 million of its customers.
  • Twitter Reveals $1 Billion IPO Plan
    Twitter on Thursday revealed plans to raise up to $1 billion in a public offering, looking to cash in on a messaging service that has transformed public conversation but is still losing money and facing challenges attracting new users and advertisers.
  • For Twitter, Success Came After Founders' Exit
    Twitter nearly died without a chirp. The company became successful after it outgrew its founders, and the people in charge pushed aside those who brought it to life.
  • Amazon Readies Set-Top Box
    Amazon is preparing to release a video-streaming device that would compete with Roku and Apple TV in time for the holiday selling season, according to people briefed on the company’s plans.
  • Mondelez Percolates Coffee Markets
    Food company Mondelez said it would enter two new coffee markets and expand its offerings in another, perking up the battle with world’s biggest coffee seller NestlĂ© and a crowded field of rivals.
  • France Proposes New Law on Book Prices
    A proposed law to ban book discounting on the Web in France is wending its way through parliament, taking direct aim at Amazon.

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