Business News

Steve Wynn Caught In Middle Of Ex-Wife, Board Proxy Fight

Posted: 04/16/2015 - Elaine Wynn says she has her ex-husband Steve Wynn's endorsement in her battle to remain on the board of the casino-hotel company they co-founded after the company's directors voted not to re-nominate her.

More Americans Sought Unemployment Benefits

Updated: 04/16/2015 - The number of Americans seeking unemployment aid rose for the second straight week yet remained at a low level that is consistent with more hiring.

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  • Moore's Law Shows Its Age
    The 50-year-old theorem about computing power is reaching limits amid the many new steps needed to turn silicon wafers into the latest computer chips.
  • Coke Acquires Chinese Drinks Business
    Coca-Cola has agreed to buy a Chinese drinks business that makes ‘multigrain beverages’ with flavors such as red bean, walnut and oats.
  • Nuclear Power Goes Begging, Likely at Consumers' Expense
    Electricity producers in several U.S. states are asking for hundreds of millions of dollars in support to keep nuclear power plants in business—most likely at the expense of consumers.
  • GE's Quarterly Results Highlight Industrial's Strength, Weakness
    General Electric’s first-quarter earnings report showed that CEO Jeff Immelt’s strategy to exit banking and refocus on its industrial operations won’t be all smooth sailing.
  • Key Volkswagen Directors Back CEO
    Key members of Volkswagen’s supervisory board endorsed Chief Executive Martin Winterkorn and urged his employment contract be extended, a day after they met with him and Chairman Ferdinand Piech to quell friction between the two.
  • Teva Considering Bid for Mylan
    Teva Pharmaceutical is considering a takeover bid for drug maker Mylan, a sign of the jockeying for dominance among generic drug makers.
  • China's Gray Market Worries Auto Makers
    China is encouraging gray-market luxury-car sales, posing a challenge for Audi, BMW, Mercedes-Benz and others trying to hold on to profit margins considered some of the best in the world.
  • Ford to Expand Manufacturing in Mexico
    Ford Motor plans to spend $2.5 billion to expand manufacturing operations at two sites in Mexico, the latest in a wave of auto investments flowing to the U.S.’s neighbor to the south.
  • Alibaba Fined for Pricing Issues
    The Chinese government has fined Alibaba Group for pricing issues with products sold on its online marketplaces dating to Singles’ Day in 2013.
  • Apple Pay Plans to Launch in Canada
    Apple is planning to launch its mobile payments service in Canada this fall, marking the start of its international expansion of Apple Pay.
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