Business News

The New York Post (September 2, 2014)
Carlyle Group is the last of the private-equity giants to settle civil charges that it colluded with rivals on tens of billions of dollars worth of deals.
The Baltimore Sun (August 31, 2014)
Target, eBay, Michaels Stores, Neiman Marcus, P.F. Chang's and SuperValu -- the parent of Shoppers Food & Pharmacy. It reads like a who's who of American retail and dining, but it's also a list of companies that lost customer data to cyberattacks in the past year. Data thieves are striking with alarming frequency and, more and more, security experts say, they target the places where people shop. The swipe of a credit card, the wave of a mobile phone at Starbucks, logging into retailers' sites...
Charlotte Observer (North Carolina) (September 2, 2014)
Charlotte’s Chiquita Brands International is stepping up its efforts to persuade shareholders to reject an offer from two Brazilian companies to buy the banana giant, as a Sept. 17 vote to approve the deal draws closer. Chiquita has previously said the companies’ offer of $13 a share, or $611 million, undervalues it. In a letter to shareholders Tuesday, Chiquita reiterated that view while also taking aim at what it called “flawed” calculations underlying the companies’ unsolicited offer. The...
Charlotte Observer (North Carolina) (September 2, 2014)
A problem with storage of a perishable ingredient has led to a voluntary recall of more than 7,000 cases of Kraft American Singles Pasteurized Cheese Product announced by the FDA.
The New York Times (September 2, 2014)
SEOUL, South Korea -- The shipbuilding and engineering arms of the Samsung Group announced a plan on Monday to merge by the end of the year, in another sign that restructuring is gaining speed at the company, South Korea's largest conglomerate, in apparent response to the faltering health of its leader.
The New York Times (September 2, 2014)
The Dutch brewer Heineken said on Monday that it had agreed to sell its Mexican packaging operations to Crown Holdings Inc. in a deal that valued the business at about $1.2 billion.
USA TODAY (September 2, 2014)
Without much fanfare, Ford has been seeing sales gains for its "unminivan" -- a passenger version of its newly redesigned Transit Connect small, commercial van. Ford is branding it as the "unminivan" -- even though it has that minivan trademark, sliding side doors. It has seating for five or seven passengers in a dressed-up version of what most people think of as a small delivery van. And even the larger version is substantially more compact than a traditional minivan. "People still want the...
USA TODAY (September 2, 2014)
If it's September, there's surely a new, larger iPhone in your future. Apple has sent out the invites for a Sept. 9 press session, where it is widely expected to introduce a new, revamped iPhone that will be in stores later in the month.
Journal of Commerce (September 1, 2014 Monday 1:26 AM)
Sical Logistics Ltd., India's leading multi-modal logistics provider, is selling its 40.92 percent stake in Ennore Automotive Logistics, an automobile port yard joint venture with Japanese shipping group Mitsui O.S.K. Lines.
The San Francisco Chronicle (California) (September 2, 2014)
Across a broad swath of the globe, the Mahindra Group is a household name. The giant Mumbai conglomerate builds airplanes and cars, sells solar panels and insurance, and runs its own chain of resorts. It boasts operations in more than 100 countries. But in the United States, it's largely unknown.  Now Mahindra wants to change that. And the company believes that the key to unlocking the American market is an electric scooter with a top speed of 30 mph.
Plain Dealer (Cleveland, OH) (September 1, 2014)
When two United Airlines passengers did battle last week over legroom, they touched a nerve among cramped passengers everywhere. Fliers aren’t imagining it: Airliners across the country have pushed for years for denser, more lucrative cabins — and jet makers are unveiling innovative new ways to cram more passengers into shrinking seats. The average short-haul passenger aboard a U.S. airliner gets 32 inches of “seat pitch,” an industry term for the space between rows, an analysis of data from...
The Christian Science Monitor (August 29, 2014)
The malware that caused a major breach for Target has struck again. Authorities are investigating the malware, known as "Backoff"  that may have been found on the computer systems of some Dairy Queen restaurants.  "We have been working on the situation for a couple of days," said Dean Peters, media spokesman for the Minneapolis-based fast-food chain. "The protection of customer data is a top priority for us and our franchisees, and we take it seriously. We, like many other companies, were...
The Boston Globe (September 1, 2014)
A drone lowered a package to the ground in Queensland, Australia, as part of Google's test program last week. SAN FRANCISCO — The tech industry's enthusiasm for building small delivery drones may be getting ahead of figuring out what to do with them. On Thursday, with much fanfare, Google Inc. revealed Project Wing, an experimental program out of the company's long-term projects division, called Google X. In a video, Google showed a buzzing aircraft — half plane, half helicopter — using a...
The Boston Globe (August 31, 2014)
Nearly one-third of Alibaba's gross merchandise volume comes from mobile transactions. 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 Boston Globe (August 31, 2014)
Q. I've gotten lots of solicitations from Verizon lately to switch my landline phone from the copper wire service to fiber optic. I want to stay with the copper wire service as long as it's available. So I was taken aback when the service technician I scheduled because of a buzzing sound on the line told me his work order was to switch me to Fios. The technician said that it was a "forced migration." I called the business office and was told that consumers are supposed to receive an official...
The New York Times (August 30, 2014)
Consumer spending fell in July for the first time in six months, but a measure of confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary.
Los Angeles Times (August 30, 2014)
the lab responsible for Google Glass, Google's self-driving cars and Google's smart contact lenses -- has announced its latest endeavor: self-flying delivery drones.
The Boston Globe (August 29, 2014)
SAN FRANCISCO — Researchers at Google Inc.'s secretive research laboratory, led by an MIT professor, are trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly.
The Boston Globe (August 29, 2014)
S. Prestley Blake sipped on a Fribble in a Connecticut Friendly's. Prestley Blake said the company now has good management and "keeps the standards up." Below, with brother Curtis Blake in front of the first Friendly's ice cream shop. ENFIELD, Conn. — S. Prestley Blake had one rule as he walked into his local Friendly's. "Don't tell anyone who we are," he grumbled. "It's a pain in the butt." I wasn't about to quibble with my elders, especially when one of them is 99-year-old Blake, who started...
The Boston Globe (August 29, 2014)
Rumors of a data breach at a major New York bank started circulating more than a week ago in cybersecurity circles. So for insiders, news that JPMorgan Chase had been victimized was more confirmation than revelation, the latest headline from a digital crime wave that shows no sign of ebbing. But for the millions of customers of JPMorgan Chase, the news reports that began appearing Wednesday were the first indication that their personal information might have been stolen by hackers. Like Target,...
The Boston Globe (August 29, 2014)
Whole Foods' rivals include Sprouts Farmers Market and Fresh Market. Whole Foods Market slipped after­ Kurt Frederick, a Wedbush Securities analyst, initiated coverage of the stock with a "neutral" rating and a $40 price target — barely higher than the stock's closing price on Thursday. Whole Foods stock has been under pressure as competition in the natural and organic food sector continues to grow. Earlier this month, Whole Foods shares fell the most in more than seven years after profit...
The Boston Globe (August 29, 2014)
Royal Dutch Shell submitted a plan to the federal government Thursday to try once again to explore for oil in the Alaskan Arctic, after years of legal and logistical setbacks as well as dogged opposition from environmentalists.
The Boston Globe (August 29, 2014)
CUPERTINO, Calif. — Apple­ Inc. will show off its newest products Sept. 9. The iPhone and iPad maker set the date in invitations mailed Thursday to reporters and others who typically attend the unveilings of Apple's latest twists on technology.
The New York Times (August 29, 2014)
Updated, 7:55 p.m. | The French conglomerate Vivendi is saying goodbye to the telecom sector. The company, whose holdings include the Universal Music Group and the French pay-television operator Canal Plus, said on Thursday that it was in exclusive talks to sell its Brazilian telecommunications unit to the Spanish carrier Telefónica for about $9.8 billion. The announcement is the latest effort by Vivendi to shed its telecom assets as it focuses on traditional media offerings like music and...
The New York Times (August 29, 2014)
Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists. While the plan is just a first step in the process, it reflects the energy potential in the Arctic. Shell's proposed programs consist of two drilling rigs working simultaneously in the Chukchi Sea, which could produce more than 400,000 barrels of oil a day. Shell...
Last Updated: 2014-09-03 @2:48
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