The Mexican bribery scandal engulfing Walmart rattled investors on Monday, sending shares of the company down nearly 5% and those of its Mexican subsidiary down over 10%. The key question now is how much damage the scandal will …
In a maneuver designed to cement their control, Google’s founders announced an unusual stock plan that will maintain their grip on the search giant well into the future. Wall Street greeted the proposal — company shares rose …
More details have emerged in the strange case of Brian Dunn’s resignation as CEO of Best Buy. The company’s board is investigating allegations that Dunn “used company resources to carry out an inappropriate relationship with a …
The U.S. Department of Justice complaint against Apple and five major publishing houses reads like a case study: a powerful, entrenched industry desperately tries to confront an economic disruption caused by the rise of a new …
Are inflation hawks preparing to take flight? That’s the sense one gets reading comments made by two U.S. central bank officials Tuesday, including Dallas Fed President Richard Fisher, who said that corporate chiefs have been …
In an unusual clarification, Best Buy said late Tuesday that CEO Brian Dunn had resigned amid a probe into his “personal conduct” — just hours after announcing that Dunn had left the company after “mutual agreement” that the
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Best Buy CEO Brian Dunn, who rose from sales associate to lead the world’s largest electronics retailer, resigned Tuesday after 28 years at the company, in the latest sign of distress for the troubled U.S. big-box retail sector. …
Wall Street cheered AOL’s deal to sell $1 billion worth of patents to Microsoft, sending the onetime Internet pioneer’s stock soaring over 40% Monday to levels not seen in nearly two years. For Microsoft, the deal highlights the …
In the year since Larry Page took over as Google CEO, the company co-founder has streamlined management ranks, jettisoned non-essential product lines, and worked to increase Google’s competitive metabolism with “the passion and …
Friday’s jobs report painted a disappointing picture about the U.S. employment situation, but it shouldn’t have come as much of a surprise. Last week, Fed Chairman Ben Bernanke warned that the economy is not growing fast enough …
The U.S. labor market continued to add new jobs last month, but at a slower rate than economists had been hoping for. The Bureau of Labor Statistics said the economy added 120,000 jobs in March, compared to the 205,000 that many …
In a potentially costly setback for Google, a federal appeals court on Thursday ruled that its YouTube video site must once again defend itself from a $1 billion copyright infringement lawsuit filed by Hollywood giant Viacom. The …
