Updated: 06/18/2013
- Sprint Nextel is suing to stop Dish Network's buyout offer for wireless data network operator Clearwire. The nation's third-largest cellphone carrier says the proposed deal violates the rights of Sprint and other Clearwire shareholders.
Posted: 06/16/2013
- New York Mayor Michael Bloomberg has used his platform as Stanford University's commencement speaker to lobby for an immigration reform plan that allows foreign students to remain in the U.S. after they graduate.
Posted: 06/16/2013
- The latest domestic energy boom is sweeping through some of the nation's driest pockets, drawing millions of gallons of water to unlock oil and gas reserves.
Posted: 06/15/2013
- Facebook's top attorney says after a week of negotiations with national security officials, the company is allowed to make new revelations about government orders for user data.
Posted: 06/14/2013
- Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. increased by six this week to 1,771.
Updated: 06/13/2013
- The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 334,000 last week, a hopeful sign that steady job gains will continue.
Bernanke Sets Stage to End Bond Buys as Growth Picks Up Federal Reserve officials upgraded their assessment of the economic recovery and Chairman Ben Bernanke said the central bank could begin pulling back its $85 billion-per-month bond-buying program later this year.
Bond Markets Sell Off After Fed's Rosier Outlook Bond prices slumped, sending the 10-year U.S. Treasury yield to its highest level in 14 months, as the Federal Reserve upgraded its U.S. growth projections.
ManpowerGroup CEO: What's Next for Hiring The corporate sector's appetite for temporary staff hasn't translated into big gains for ManpowerGroup: CEO Jeffrey A. Joerres blames conditions in Europe and cites his decision to hold the line on prices.
Mortgage Rates Rise but Still a Bargain Economists say increasing mortgage rates are unlikely to derail the U.S. housing recovery unless they move substantially higher.
Bond Investors Head for the Hills Signs of a stronger U.S. economy are rippling through the bond markets, sending investors and corporate leaders racing to prepare for higher interest rates.
Stocks Keep on Trucking Stocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures.
Traders Try to Game Oil-Price Benchmark Some oil traders say they try to skew Platts oil-price benchmarks by offering to do small deals at a loss, with the goal of doing bigger ones at better prices.
Banks Are Sticking Point in Trade Talks Analysis: An immediate obstacle in free-trade talks between the U.S. and Europe is a split over whether such a pact should include regulations of the financial-services sector.
G-8 to Fight Tax Evasion The G-8 agreed to proposals to tackle tax avoidance and evasion that call for new laws to stop businesses from shifting profits across borders.
Ex-Trader Is Charged in Libor Probe British prosecutors have filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates.
US Business News
Dolce and Gabbana Convicted of Tax Evasion A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
Wal-Mart Plays Catch-Up With Amazon Wal-Mart is creating a vast logistics system that includes building warehouses for Web orders, but also uses workers in stores to mail items to customers.
Icahn Raises Dell Stake, Urges Tender Offer Carl Icahn called for Dell to launch a tender offer for up to $16 billion of its shares, and he also bought about 72 million shares, making him the second-largest holder in the company.
Microsoft-Nokia Advanced Talks Recently Broke Down Microsoft was recently in advanced discussions with Nokia about a purchase of the Finnish company's device business, in a marriage that could have reshaped the mobile-phone industry.
Lenovo Turns to Phones as PC Industry Declines Lenovo gets over 80% of its revenue from PCs, but amid a decline in the computer market it's seeking to increase its smartphone sales outside China.
Manchester United PLC Aims to Widen Margins Manchester United's parent company plans to drive margins above 30% by splitting some of its global sponsorship deals into regional packages, leveraging the English football club's global fan base.
Fired Founder Blasts Men's Wearhouse Men's Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. A reason wasn't given, but Mr. Zimmer released a statement saying he was being silenced after expressing concerns about the company's direction.
Jeep Recall Spurred by Consumer Worries Chrysler agreed to recall about 1.56 million Jeeps to address consumer concerns, documents released on Wednesday indicated, even as it denied the vehicles have defects that render them unsafe to passengers in rear-end collisions.
Financier Leon Black Buys $48 Million Raphael Drawing New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's, according to people familiar with the matter. But he hasn't been able to take the piece from the U.K.
GM Sticks to China Growth Plan General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.
