Business News

  • Beijing Takes Workers' Side in Sneaker Strike
    China told a supplier to Nike and Adidas to take corrective measures to end a strike that has prompted one customer to shift some production elsewhere.
  • FCC Chairman Makes the Call, Takes the Flak
    FCC Chairman Tom Wheeler often unilaterally stakes out positions on issues facing the agency, even when they are sure to be unpopular.
  • AEP Earnings Rise on Energy Demand
    American Electric Power Co. said its first-quarter earnings climbed 54% thanks to higher demand for energy and increased power prices.
  • Northwestern Players Cast Union Vote
    Northwestern University football players will cast their ballots in a union election Friday but regardless of the outcome—which might not be known for months—the balance of power between student-athletes and the schools they play for has shifted, said experts from both inside and outside college athletics.
  • Honda Outlook Suggests Weak Yen Boost Fading
    If a forecast from Honda Motor is any indication, the favorable effects of a weaker yen could soon taper off for Japanese manufacturers. The auto maker expects changes in currency rates to cut its earnings by $655 million this fiscal year.
  • Publicis, Omnicom Deal Caught in European Tax Web
    The planned advertising megamerger of Publicis and Omnicom is being complicated by a push by European governments to grab tax revenue.
  • Nokia Completes Mobile Phone Transfer to Microsoft
    Nokia’s mobile phone operation has officially been transferred to Microsoft, ridding the Finnish company of a business with legendary status in the telecom industry.
  • Ford Profit Falls 39%; Outlook Reaffirmed
    Ford Motor’s first-quarter net income fell 39% to $989 million, as the company added to reserves to repair older vehicles and dealt with currency devaluations in South America.
  • Amazon Tries Its Own Deliveries
    Amazon is testing its own delivery network for the final leg of a package’s journey to consumers, putting it closer to same-day shipping.

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