You are here
NY Times - News On Business
Updated: 46 min 12 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.
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.
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.
Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U video-game machine sales.
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.
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.
The Norman Foster-designed tower nicknamed the Gherkin for its distinctive shape, is expected to generate worldwide interest.
E-commerce in India is attracting buyers in a society where Internet access is increasing, and international investors are starting to take note.
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.
The city is requiring dealers that sell vehicles that have been recalled for safety defects to handle the repairs.
Argentina is likely to default on billions of dollars of bonds on Wednesday as talks between both sides appeared to break down.
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.
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.
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.
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.
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.
The company also disclosed an inquiry by the Securities and Exchange Commission into the write-down tied to the film “Turbo.”
The billionaire investor’s revamped firm, Point72 Asset Management, generated a profit of nearly $1 billion for the first half year of this year.
The shoe and apparel company is relocating into an energy-efficient building on Lake Union in Seattle.
Political discussions about economics have become largely unhinged from those among actual economists.