Alibaba Flexes Muscles Before IPO
Despite challenges, a big surge in profits and revenue has put the Chinese e-commerce giant on track for a $15 billion stock sale, just shy of what Facebook sold when the social-networking firm went public in 2012.
04/16/2014 03:28:08am
Yahoo Shows Signs of Growth
Yahoo's earnings report provides evidence that the company may be winning back advertisers, and that Alibaba had a strong December quarter.
04/15/2014 09:51:09pm
Shale Boom's New Problem: Radioactive Waste
North Dakota has been slow to address repercussions from the surge in crude output, including the proliferation of radioactive oil filters. The state has no place to store such waste, which has led to illegal dumping.
04/16/2014 12:38:46am
Tesco Profit Falls
Tesco reported its second consecutive decline in full-year earnings and wrote down the value of its European business, the latest international setback for a U.K. company that once hoped to dominate global retail.
04/16/2014 05:54:26am
Eni Chief Navigated 'Difficult' Terrain
By proposing to remove the chief executive of Italian oil giant Eni, Italian Prime Minister Matteo Renzi is pushing aside one of Italy's most resilient and politically connected businessmen.
04/16/2014 05:22:25am
Metso Rejects Weir Approach
Finland's Metso has rejected Scottish rival Weir's proposal to merge the two engineering companies, saying the deal isn't in the best interests of its shareholders and it remains confident of its prospects as a stand-alone company.
04/16/2014 06:01:23am
Rolls-Royce, Daimler Price Stake at $3.3 Billion
Rolls-Royce and Daimler have valued the German auto maker's 50% interest in their joint venture at $3.36 billion.
04/16/2014 06:09:48am
Burberry Warns on Currencies
Luxury clothing company Burberry reported a rise in second-half sales, helped by online growth, but said it expects currency movements to hurt profit.
04/16/2014 06:00:13am
Danone's Sales Decline
Danone reported a 5.2% drop in first-quarter sales, weighed down by unfavorable foreign-exchange movements in some key emerging markets and as the group's turnaround in the crucial Chinese market take time.
04/16/2014 06:03:21am
GEA Sells Heat Exchanger Business
Shares in GEA Group jumped after the mechanical engineering company said it would sell its heat exchangers unit, valued at $1.8 billion, to Triton Advisers Ltd.
04/16/2014 06:02:14am