Business News

  • Firms Keep Piles of ‘Foreign’ Cash in U.S.
    There’s a funny thing about the estimated $1.7 trillion that American companies say they have indefinitely invested overseas: A lot of it is actually sitting right here at home.
  • Microsoft Joins Dell Buyout Talks
    Microsoft is in discussions about helping to finance a buyout of computer maker Dell, according to a person familiar with the deal deliberations, reflecting an advance in talks.
  • When J&J Learned of Implant Problems
    Johnson & Johnson officials learned of problems with a metal hip-replacement implant in 2008, a year before the company stopped making the joints and two years before recalling them, according to documents unsealed in a California state court.
  • The Science Behind Dreamliner’s Batteries
    Lithium-ion batteries became crucial to the design of Boeing’s new Dreamliner jet because they offered a combination of high power and low weight.
  • IBM’s Profit Up 6.3% as Software Sales Rise
    IBM’s fourth-quarter earnings increased 6.3% as the tech heavyweight’s software sales and margins strengthened, though overall revenue declined slightly.
  • Allergan to Buy MAP for $958 Million
    Allergan said it will buy MAP Pharmaceuticals in a $958 million deal that would help the Botox maker expand sales of medical treatments.
  • Dairy Cooperative, Farmers Settle Antitrust Suit for $159 Million
    The largest U.S. dairy cooperative has agreed to pay $158.6 million to settle a lawsuit alleging it conspired to suppress milk prices paid to dairy farmers.
  • China Aims to Create Electronics Giants
    China’s industry ministry set a goal of forging global giants in the electronics sector within the next two years through mergers and alliances, and urged Chinese companies to explore overseas acquisitions.
  • Google Stems Ad-Price Dip
    Google reversed the trend of slowing revenue growth in its core online-advertising business and posted a 6.7% rise in quarterly profit.

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