Business News

Orlando Sentinel (Florida) (August 28, 2014)
Alibaba Group continued to build excitement for its upcoming initial public offering by reporting a surge in mobile growth and big financial gains in its most recent quarter. For the three months ended June 30, the Chinese e-commerce behemoth -- which handles more sales than Amazon.com and eBay combined -- said profit nearly tripled to $2 billion from a year earlier.
The Boston Globe (August 28, 2014)
US medical device maker Medtronic is building stronger ties to Europe, a couple months after announcing a $42.9 billion acquisition that involves moving its main executive offices across the Atlantic, where it can get a better tax deal.
The Boston Globe (August 28, 2014)
Comcast Corp., a provider of Internet, cable TV, and other services, is highlighting an amnesty program for certain low-income families who might otherwise qualify for Internet­ Essentials, the company's effort to help young students bridge the so-called digital divide.
The Boston Globe (August 28, 2014)
A security bug known as the Heartbleed flaw, identified six months ago, is still a threat to Internet devices worldwide. WASHINGTON — Hundreds of thousands of corporate computer servers, routers, and other Internet devices worldwide remain vulnerable to the Heartbleed Web-security flaw nearly six months after its existence was disclosed, security researchers say. More than half of the Forbes Global 2000 listing of the world's most profitable companies have servers that are still not fully...
The Boston Globe (August 28, 2014)
Samsung and Apple have been locked in a protracted patent fight as they compete for wireless users. SAN JOSE, Calif. — A federal judge has rejected Apple's attempt to block the sale of several older Samsung smartphones that copied features in the iPhone.
The Boston Globe (August 28, 2014)
NEW YORK — A number of US banks, including JPMorgan Chase and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people familiar with a continuing investigation into the crimes.
The Boston Globe (August 28, 2014)
DETROIT — Spiders have forced Suzuki to recall more than 19,000 mid-size cars. The automaker says spider webs can clog a fuel vapor vent hose in some 2010 to 2013 Kizashi cars, cutting off air flow. If that happens, it can cause the gas tank to deform, causing cracks, fuel leaks, and possibly fires.
The Boston Globe (August 28, 2014)
SAN FRANCISCO — Alibaba's quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares in what could become the technology industry's most lucrative IPO.
The New York Times (August 28, 2014)
With less than a month before its initial public offering, the Alibaba Group is intent on showing just how profitable -- and focused on mobile -- it truly is. The Chinese e-commerce behemoth disclosed on Wednesday that its profit nearly tripled in the quarter that ended June 30, to $2 billion. Its sales climbed 46 percent, to $2.5 billion. With its latest performance figures, Alibaba is likely to continue to stoke interest in its hotly anticipated market debut. The stock sale is expected to be...
The New York Times (August 28, 2014)
A number of United States banks, including JPMorgan Chase and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. The hackers infiltrated the networks of the banks, siphoning off gigabytes of data, including checking and savings account information, in what security experts described as a sophisticated cyberattack. The motivation and origin of the attacks are not yet clear,...
The New York Times (August 28, 2014)
HONG KONG -- Six years ago, when tainted infant formula killed six babies in China and sickened 300,000, one of the biggest foreign investors in the sector was caught by surprise. The investor, the Fonterra Cooperative Group of New Zealand, one of the world's largest dairy companies, had put millions of dollars into a partnership with the Sanlu Group, a Chinese maker of infant formula that was one of several found to have mixed an industrial chemical into milk powder to artificially raise...
Los Angeles Times (August 28, 2014)
Time Warner Cable's nationwide outage early Wednesday left 11 million customers without Internet service for a few hours and highlighted long-standing consumer complaints that could fuel opposition to the proposed takeover by Comcast Corp. Human error during routine maintenance on the backbone of Time Warner Cable's Internet network was responsible for the outage, the company said. The interruption hit all of Time Warner Cable's residential and business customers, including those in Los Angeles,...
Los Angeles Times (August 28, 2014)
South Korean automaker Kia Motors Corp. will open a $1-billion auto plant in northern Mexico, President Enrique Pena Nieto announced Wednesday. Kia will join other automakers rushing to build cars in Mexico, where low labor costs and extensive free trade agreements have turned the nation into a manufacturing powerhouse despite its high crime rate. BMW revealed plans for a $1-billion plant in San Luis Potosi in July, a month after Mercedes-Benz and Nissan announced plans for a joint,...
Los Angeles Times (August 28, 2014)
Drones have fired missiles, spied on suspected terrorists and monitored wildfires. Now, it appears, Walt Disney Co. wants to use them to entertain at its theme parks.
The Columbus Dispatch (Ohio) (August 27, 2014)
DSW sees an opportunity in selling children's shoes and plans to test the theory in 20 stores soon. The news came yesterday as executives at the Columbus-based retailer of footwear and accessories reported better-than-expected second-quarter earnings. "Our research last year identified this as an opportunity area," said Mike MacDonald, president and CEO. "As a result, we're testing an assortment of kids' product at 20 stores during the fall season."
The Buffalo News (New York) (August 27, 2014)
U.S. stocks rose Tuesday, sending the Standard & Poor's 500 Index to close above 2,000 for the first time, as reports showed the biggest-ever jump in durable-goods orders and an unexpected increase in consumer confidence. Amazon.com Inc. added 2.3 percent after the company said it's buying video-game service Twitch Interactive Inc. in one of its biggest-ever acquisitions. Tim Hortons Inc. jumped 8.5 percent after Burger King Worldwide Inc. agreed to acquire the coffee-and-doughnuts chain in a...
The Boston Globe (August 27, 2014)
The CNN headquarters in Atlanta. The parent of CNN, TNT, and TBS offered voluntary buyouts to 600 workers. NEW YORK — The corporate parent of CNN, TNT, and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.
The Philadelphia Inquirer (August 27, 2014)
Netflix Inc., Dish Network, and the Los Angeles County government are among organizations opposing Comcast Corp.'s proposed $45 billion acquisition of Time Warner Cable Inc., based on documents filed right up to the midnight Monday deadline with the Federal Communications Commission.  Reed Hastings, chief executive officer of the online streamer Netflix, had signaled that the company could oppose a combined Comcast/Time Warner Cable, which would provide more than one-third of U.S. consumers...
The New York Times (August 27, 2014)
MUMBAI, India -- India's antimonopoly regulator has fined 14 automobile companies about $422 million in all for failing to allow fair competition in the market for spare parts. The companies, including the local units of Honda and Ford, violated trade norms in the spare parts and after-sale services market, affecting about 20 million customers, according to the regulator, the Competition Commission of India. The fine of 25.54 billion rupees follows heightened regulatory scrutiny in India that...
The New York Times (August 27, 2014)
Updated, 9:21 p.m. | To many, Burger King is an American icon that has served up flame-broiled Whoppers and fries for six decades. But with a deal to buy the doughnuts-and-coffee chain Tim Hortons on Tuesday, it will soon become a Canadian company majority owned by a Brazilian investment firm -- with the assistance of the American billionaire Warren E. Buffett. In announcing their $11.4 billion merger, Burger King and Tim Hortons declared their intentions to become a truly global fast-food...
The New York Times (August 27, 2014)
AT&T, the No. 2 carrier in the United States, said on Tuesday that it had given promotions to two senior executives, including the chief executive of its wireless business.
Los Angeles Times (August 27, 2014)
Best Buy Co. said sales fell in its fiscal second quarter and would probably keep dropping amid weak demand for consumer electronics products.
USA TODAY (August 26, 2014)
Amazon on Monday said it will acquire Twitch, a video service aimed at gamers that allows them to broadcast their virtual exploits to others online. Amazon will pay $970 million in cash for all outstanding Twitch shares. The deal closes during the second half of this year.
The Boston Globe (August 26, 2014)
The S&P 500 flirted with 2,000 as the market enjoys a late-summer revival after dipping earlier this month on concerns about tensions in Ukraine and the Middle East. News that Burger King is in talks to acquire doughnut chain Tim Hortons built on news over the weekend that a California biotech, InterMune, agreed to sell itself to the Swiss pharmaceutical giant Roche for $8.3 billion. A Commerce Department report that sales of new homes slid 2.4 percent in July didn't weigh on the broader market....
The Boston Globe (August 26, 2014)
NEW YORK — Some Burger King customers are finding it difficult to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy the Canadian coffee-and-doughnut chain Tim Hortons and create the world's third-largest fast-food restaurant company. The news pushed shares of both companies up: Hortons by 18.8 percent and BK by 19.5 percent.
Last Updated: 2014-08-29 @3:32
Loading your search results…
Presenting some interesting facts…

Corporate Affiliations data is compiled by the LexisNexis Enterprise Entity Management Group.