Business News

  • A New Russian Smartphone
    A new mobile-phone company once tied to Russia’s state-run defense corporation hopes it will have as deep an impact on the world’s next generation of smartphones.
  • Big Sales by Big Lots Brass
    Top Big Lots executives sold a total of more than $23 million in stock ahead of bad news about the company’s sales. This comes amid a widening probe by federal authorities into trading by corporate executives.
  • S&P: U.S. Companies Underinvest by Billions
    U.S. corporations cut an estimated $175 billion in investment from 2009-2011, in a move that have helped them through the financial crisis, but could eventually harm their competitiveness.
  • 3 Questioned In Libor Probe
    The U.K. Serious Fraud Office has arrested three men as part of an investigation into the rigging of interest rates.
  • Sprint in Talks on Clearwire
    Sprint Nextel is in talks to acquire the 49% of Clearwire it doesn’t already own, a move that would clear up a tangled ownership structure that has left Sprint unable to control the decisions of a key strategic partner.
  • Qualcomm CEO Foresees Home Base Stations
    Qualcomm CEO Paul Jacobs plans to bankroll new mobile technologies, including tiny home equivalents of cellular broadcast towers to ease congestion on the carriers’ networks.
  • TripAdvisor Shifts to Malone
    John Malone’s Liberty Interactive is buying most of Barry Diller’s stake in TripAdvisor for about $300 million, giving Liberty control of the travel website.
  • BHP Sells Stake in Browse
    BHP Billiton said it agreed a $1.63 billion deal to sell its stake in the proposed Browse gas-export project in Australia to PetroChina.
  • Freeport Deal Backlash
    Freeport-McMoRan’s decision to pay $20 billion for two oil explorers without a shareholder vote is coming under fire from big investors.

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