Business News

  • As Tax Hikes Loomed, Some CEOs Sold Stock
    As Congress discussed raising tax rates last month, dozens of top executives sold big chunks of company stock, saving themselves millions of dollars.
  • In Clearwire Gambit, Spectrum Is Prize
    Even if his unsolicited bid for Clearwire fails, Dish Network’s Charlie Ergen could benefit if he wins some spectrum or Sprint brings him into a network-sharing partnership.
  • Boeing Tries to Defuse Dreamliner Fears
    As Boeing continued to wrestle with new threats to the reputation of its prized 787 Dreamliner jet, the aircraft’s chief engineer defended the safety and reliability of the new plane and its innovative electrical system.
  • Showdown Over Herbalife Spotlights New Wall Street
    Two hedge-fund rivals are squaring off over Herbalife, with one saying the nutritional-supplements maker is a pyramid scheme and the other defending the company. The SEC also launched an inquiry.
  • Kimmel Beats Letterman, Not Leno
    Ratings for ABC’s late-night talk show host Jimmy Kimmel in his new time slot fell just short of NBC’s Jay Leno but topped CBS’s David Letterman Tuesday night. Preliminary data had shown him beating both rivals.
  • Natural-Gas Rally Fizzles
    The rally in natural-gas prices has stalled, spelling trouble for producers from Exxon to smaller players like Southwestern Energy—and especially companies like Chesapeake that bet big on rising prices.
  • HSBC’s Ping An Sale at Risk
    Chinese regulators are expected to reject HSBC’s deal to sell a minority stake in Chinese insurer Ping An to Thailand’s Charoen Pokphand Group.
  • Google Names Asia-Pacific Head
    Google named Karim Temsamani head of the Asian-Pacific region in the company’s latest executive change following the departure of Marissa Mayer to rival Yahoo last year.
  • Foxconn in Bribery Probe
    Foxconn said it is cooperating with a Chinese police probe of alleged bribery of the consumer-electronics manufacturer’s supply-chain partners.

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