Business News

  • McDonald's Acknowledges Service Has Suffered
    McDonald’s came out with its strongest acknowledgment yet that customer service in the U.S. has suffered recently, and that it blundered by introducing too many new menu items too quickly.
  • NestlĂ© to Start Major Recruitment Drive
    The company, like others in Europe, is facing the problem of how to expand when the workforce is graying and shrinking in size.
  • Japan Firm Changes Stance on Finland Move
    Japanese game developer GungHo said it wasn’t considering moving its headquarters to Finland, issuing a statement in response to a Wall Street Journal article quoting the chairman saying he was considering the move.
  • Details Emerge on Dish Dispute
    Two Dish Network directors tasked with evaluating a potential Dish bid for a telecommunications firm took issue with how their committee was treated by Dish Chairman Ergen, who stands to profit from the deal, according to documents filed in a lawsuit.
  • Jos. A. Bank Drops Bid for Men's Wearhouse
    Jos. A. Bank Clothiers Inc. terminated its unsolicited $2.3 billion takeover offer for rival men’s clothing retailer Men’s Wearhouse Inc., though left the door open for the potential of future acquisition talks.
  • Posco CEO Offers to Resign
    The chief executive of South Korea’s largest steelmaker, Posco, has offered to resign after a protracted global slump in the steel industry hit its earnings.
  • High Stakes in SAC Manager Trial
    Michael Steinberg, a veteran hedge-fund portfolio manager, has much at stake in court next week. So does his boss, billionaire Steven A. Cohen.
  • Tech Firms Feel Chill in China
    Big U.S. computer and software companies are reporting a sudden chill in sales to China, and some blame increased government hostility toward the U.S.
  • Heinz's New Owners Cut More Jobs
    Heinz’s new owners announced further staff cuts at the storied ketchup maker, saying it would close three factories in North America over the next six to eight months and eliminate 1,350 jobs.

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