Larry Ellison to Step Aside at Oracle
Oracle said its longtime leader, Larry Ellison, will step aside as CEO but take over as chairman of the business-software giant. Mark Hurd and Safra Catz were named co-CEOs.
Boeing Faces a Future Without Fighter Jets
Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.
Why Taylor Swift and One Direction Play for Peanuts
The iHeartRadio Music Festival is expected to draw some 20,000 fans to Las Vegas this weekend?but it won't be much of a payday for the headlining acts, including Taylor Swift and One Direction.
Alibaba Debut Makes a Splash
Alibaba shares surged 38% to $93.89 in their market debut, making the Chinese e-commerce giant one of the most valuable companies in the U.S.
NFL Seeks to Redo Conduct Policies
NFL Commissioner Roger Goodell proposed a new conduct committee and seemed open to relinquishing some disciplinary power in response to a domestic-violence scandal that has swirled around his league for two weeks.
Glaxo Guilty of Bribery in China
GlaxoSmithKline said a Chinese court found its subsidiary guilty of bribery, and fined the company nearly $500 million, in what Chinese state media said was the largest ever corporate fine.
GM Told to Open Defect Files
Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiffs' attorneys.
Once Again, Oracle Must Reinvent Itself
Oracle's Larry Ellison was a master of corporate reinvention. But today the database powerhouse he built faces challenges, and his departure as CEO intensifies the central issue surrounding the company's future: Can Oracle endure tectonic shifts that are reshaping its market?
Home Depot Breach Bigger Than Target's
Home Depot said 56 million cards may have been compromised in a five-month attack on its payment terminals, making the breach much bigger than the holiday attack at Target.
Siemens Preps Bid for U.S. Firm
Siemens is preparing a multibillion-dollar offer for U.S. energy firm Dresser-Rand, according to people familiar with the matter, likely edging out an earlier offer from Swiss rival Sulzer.
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