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Updated: 46 min 12 sec ago

Sprint Second-Quarter Revs Top Estimate as Network Upgrade Progresses

56 min 10 sec ago
Sprint Corp reported higher-than-expected second-quarter revenue on Wednesday, as the company expanded its high-speed coverage and came closer to completing a network upgrade that had caused a massive drop in customers.

Categories: Business News

DealBook: AstraZeneca to Pay Up to $2.1 Billion For Respiratory Drugs

3 hours 24 min ago
The British pharmaceutical company said it would initially pay $875 million to Almirall for the rights to the drugs, and up to $1.22 billion more if development and sales milestones are met.

Categories: Business News

DealBook: Barclays Swings to Profit But Sees Drop in Investment Banking Revenue

4 hours 10 min ago
The British lender posted second-quarter net income of 161 million pounds, or about $273 million, ahead of analysts’ expectations. That compared with a loss of £168 million in the second quarter of 2013.

Categories: Business News

Nintendo Reports Loss on Shaky Wii U Sales

5 hours 20 min ago
Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U video-game machine sales.

Categories: Business News

China Investigating Microsoft for ‘Monopolistic Behavior’

Tue, 07/29/2014 - 22:27
An announcement by the state antimonopoly agency confirmed that Microsoft was under scrutiny, and said that officials had conducted surprise visits to company offices across China.

Categories: Business News

As Sanctions Pile Up, Russians’ Alarm Grows Over Putin Tactics

Tue, 07/29/2014 - 21:28
Fears are that the festering turmoil in Ukraine and the new round of sanctions announced Tuesday will damage the economy to the extent that ordinary Russians feel it.

Categories: Business News

Business Briefing: Pickle-Shaped Tower Put Up for Sale in London

Tue, 07/29/2014 - 20:54
The Norman Foster-designed tower nicknamed the Gherkin for its distinctive shape, is expected to generate worldwide interest.
Categories: Business News

DealBook: The New Bazaar: Online Shopping Catches On in India With Buyers and Global Investors

Tue, 07/29/2014 - 20:48
E-commerce in India is attracting buyers in a society where Internet access is increasing, and international investors are starting to take note.
Categories: Business News

DealBook: Trulia Co-Founder Rows Across Ocean as Company Is Sold to Zillow

Tue, 07/29/2014 - 20:27
Sami Inkinen is rowing across the Pacific Ocean with his wife, meaning that he missed most of the negotiations involving the sale of his company to Zillow.

Categories: Business News

New York City Imposes a Used-Car Repair Rule

Tue, 07/29/2014 - 20:05
The city is requiring dealers that sell vehicles that have been recalled for safety defects to handle the repairs.
Categories: Business News

DealBook: As Talks Falter, Bond Default by Argentina Appears Likely

Tue, 07/29/2014 - 19:48
Argentina is likely to default on billions of dollars of bonds on Wednesday as talks between both sides appeared to break down.
Categories: Business News

Bits Blog: Seattle Takes Oracle’s Cloud

Tue, 07/29/2014 - 19:44
Oracle is kicking off a 100-person engineering facility in the city, which is continuing its rise as the world’s center of cloud computing, moving from infrastructure to applications.
Categories: Business News

Economic Scene: Income Inequality And the Ills Behind It

Tue, 07/29/2014 - 19:05
An argument can be made that the accumulation of income at the top of the success pyramid is not the nation’s main problem and little can be done about it anyway.

Categories: Business News

Business Briefing: Amgen Plans Job Cuts and Plant Closings

Tue, 07/29/2014 - 18:35
The drug maker said it would cut up to 15 percent of its work force and close plants in a series of moves aimed at reallocating resources as it prepares to introduce new medicines.

Categories: Business News

Advertising: Fear Lurks in Boys & Girls Clubs Ad

Tue, 07/29/2014 - 18:32
The nonprofit after-school program for children has turned from using celebrity alumni in its public service ads to a campaign that hints at the dangers they could face.

Categories: Business News

ESPN Disciplines Commentator

Tue, 07/29/2014 - 18:26
Stephen A. Smith was suspended for a week for comments in the wake of Ray Rice’s suspension that suggested women should avoid provoking men into assaulting them.
Categories: Business News

More Financial Struggles for DreamWorks Animation

Tue, 07/29/2014 - 18:04
The company also disclosed an inquiry by the Securities and Exchange Commission into the write-down tied to the film “Turbo.”

Categories: Business News

DealBook: After Insider Trading Scandal, Steven A. Cohen’s Firm Still Has Strong Gains

Tue, 07/29/2014 - 17:39
The billionaire investor’s revamped firm, Point72 Asset Management, generated a profit of nearly $1 billion for the first half year of this year.

Categories: Business News

Square Feet: Brooks Sports Moves New Home Closer to Trails

Tue, 07/29/2014 - 17:37
The shoe and apparel company is relocating into an energy-efficient building on Lake Union in Seattle.
Categories: Business News

Everyday Economics: What Debate? Economists Agree the Stimulus Lifted the Economy

Tue, 07/29/2014 - 17:18
Political discussions about economics have become largely unhinged from those among actual economists.
Categories: Business News