Business News

  • Glaxo Wins Injunction in Battle Over Asthma Drug
    GlaxoSmithKline scored a minor victory in the battle to keep sales of its $9 billion-a-year asthma treatment Advair from being lost to generic competitors.
  • Pressures Mount on GM Recall
    The U.S. transportation chief called for an audit to determine whether regulators acted fast enough on complaints of potentially deadly defects in General Motors cars that were recalled years for ignition-switch problems.
  • Easier Rules Lure Foreign Firms to List in U.S.
    Looser corporate-governance standards are luring foreign companies to U.S. markets, a development causing concern among some large investors.
  • Web Pioneer Keeps Faith, and Cash, in Bitcoin
    Internet pioneer Marc Andreessen is doubling down on bitcoin in a bet widespread adoption of the currency will fuel the growth of new businesses and technologies.
  • Shipping Alliance Set to Make Waves
    A major shipping alliance is on course to roil the global container business, by reducing costs for the world’s biggest operators, while squeezing smaller shippers.
  • Symantec Fires Another CEO
    Symantec fired CEO Steve Bennett, the second time the security software company has dumped its top executive in less than two years.
  • AT&T Criticizes Netflix Proposal
    A top AT&T executive blasted Netflix’s argument that Internet service providers should link to its network free of charge, calling it an ‘arrogant proposition’ that unfairly tries to spread around the streaming video company’s cost of doing business.
  • GM Faces Suits on Car Value
    New lawsuits contend that the value of some GM cars have suffered because of the ignition-switch safety problem, echoing a charge used successfully in class-action suits brought against Toyota in unintended acceleration cases.
  • Obama, Tech CEOs Meet on Surveillance
    President Obama is meeting with technology CEOs, with government surveillance on the agenda.

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