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NY Times - News On Business
Updated: 29 min 44 sec ago
The buzz around virtual reality is about how the technology can be used for games. But a new company called Jaunt, which just raised nearly $28 million, wants to use it to make films.
The chief executive of DataGravity, a data management firm, says setting clear expectations is paramount.
With the settlement, the largest by a single company in American history, Bank of America’s legal bill related to mortgage issues is approaching $70 billion.
The company, which owns Sears and Kmart stores, says it lost $975 million in the first six months of the year.
Investors were also still digesting the minutes from the Federal Reserve’s last meeting and awaiting a speech by the Fed chairwoman, Janet L. Yellen.
A debate over what currency an independent Scotland would use is part of a larger question over the advantages of large countries versus small ones.
Instead, Family Dollar Stores is holding firm to its earlier $8.5 billion merger deal with Dollar Tree, arguing that it poses far less antitrust risk.
In addition to the game, Star Wars: Commander, the company plans to roll out a new animated television movie and a related TV series in October.
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions.
A survey from Markit Economics of purchasing managers showed that the bloc’s output barely edged up this month in both services and manufacturing.
With business getting better, the stress level from working overtime has increased, and I am starting to experience something I might call “value conflict.” We want to give the customers great service, but we also don’t want to burn out our people.
Sears Holdings Corp., owner of Sears department stores and the Kmart discount chain, reported its ninth straight quarterly loss as sales continued to shrink.
Working fewer than 40 hours per week, as women are likelier than men to do, often results in a lower per-hour wage, furthering the gender gap in pay.
On Thursday, as part of a new licensing deal with entertainment companies, SoundCloud will begin incorporating advertising and for the first time let artists and record labels collect royalties.
The Swiss food giant will no longer buy from farms that keep animals in packed cages or that dehorn cattle or dock their tails without anesthesia, among other things.
Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, reinforcing concerns about increasing softness in the economy.
Even as the accord nears completion, prosecutors are preparing a separate civil case against Angelo Mozilo, the man who came to embody the risk-taking for which Bank of America is now paying dearly.
Christopher Finazzo, the former second in command at Aéropostale, the apparel company, was convicted of fraud and conspiracy in a scheme with a vendor.
The auto lender agreed to pay a $2.75 million penalty over accusations that it consistently gave giant credit reporting agencies flawed reports about thousands of car buyers.