May 21, 2013

More Headlines

Comcast Doubles Down on TV in $16.7B Deal for NBCU

Comcast's $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as Internet video reshapes the entertainment landscape.

Lawmaker: Cyberattacks Against US Getting Worse

The chairman of the House Intelligence Committee says the U.S. is vulnerable to cyberattacks that could shut down financial services or destroy information that companies need for daily operations.

Comments

Nevada Retail Group Projects 5.2 Percent Growth

The projection released Tuesday by the Retail Association of Nevada is lower than the preliminary 7.3 percent growth in sales activity seen in 2012. But the 2013 projection is higher than the 3.4 percent national growth forecast by the National Retail Federation.

Energy Industry Develops Nontoxic Fracking Fluids

CleanStim is a product by energy giant Halliburton Inc. that uses only food-grade additives. The company says it is working to reduce safety and environmental concerns for both workers and the public.

Comments

1 2 3 4 5 6 7 8 ... 9

US Business News

  • Apple CEO Calls for Corporate Tax Reform
    Apple CEO Tim Cook defended the iPhone maker's tax practices as proper, challenging Senate investigators who reported Apple paid no corporate income tax on tens of billions of dollars in overseas income over the past four years and urging a simplification of tax laws.
  • Dimon Strengthens Grip at Helm of J.P. Morgan
    J.P. Morgan shareholders rejected a proposal to split James Dimon's dual roles as chief executive and chairman, and re-elected all the members of the bank's board.
  • Sprint Boosts Bid for Clearwire
    Sprint boosted its offer for Clearwire by 14%, succumbing to shareholder pressure with the hope of winning over vigorous opposition to the deal.
  • Denso Executives in Price Fixing Plea
    Two more executives of a Japanese auto parts maker have agreed to plead guilty to fixing prices on new-car parts and will spend more than a year in a U.S. prison.
  • Home Depot Raises Outlook
    Home Depot raised its full-year outlook and said net profit jumped 18%, helped by the recovering housing market and sales related to reconstruction in the wake of superstorm Sandy.
  • Best Buy Swings to Loss
    Best Buy posted a quarterly loss as it ramped up cost-cutting and revenue continued to slide. Online sales improved, however.
  • Saks Profit Falls
    Saks fiscal first-quarter profit sank 38% as the luxury retailer's results were hurt by store-closing costs and debt-extinguishment losses, though same-store sales rose 5.9%.
  • G4S Chief Buckles Resigns
    Security company G4S said Chief Executive Nick Buckles, who was heavily criticized over the company's handling of the London Olympic Games last year, will resign at the end of the month.
  • Burberry's China Sales Rise 20%
    Burberry showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday. Sales in China for the year finished 20% higher.
  • Vodafone to Spend Verizon Dividend
    Vodafone said it will keep the $3.15 billion dividend payment it will receive from Verizon Wireless and plow it into its flagging operations in Europe, which weighed heavily on the mobile operator's full-year profit.