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.
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.
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.
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.
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.
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.
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.
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.
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.