News Corp. CEO Rupert Murdoch’s testimony this week before the Leveson inquiry — the U.K. parliamentary panel officially charged with investigating phone hacking and police corruption — has had many of the hallmarks of an …
Goldman Sachs CEO Lloyd Blankfein has launched a complete image makeover, according to Fox Business Network. Appearing in shirt-sleeves Wednesday on CNBC and Bloomberg TV, Blankfein didn’t swear to do “God’s work” — as he has in …
Apple is building one of the most stunning financial runs in the history of corporate America, as Tuesday’s blowout showing affirmed. The company says it’s sold over 365 million digital devices over the last five years — 50 …
So much for those Apple jitters. The Cupertino, Calif. cash machine blew past Wall Street estimates Tuesday, reporting yet another monster quarter of financial results. The company’s stock soared nearly 7% after-hours, adding $1 …
The Justice Department is investigating Walmart, the world’s largest retailer, over allegations that its Mexican subsidiary engaged in a systematic practice of bribing government officials to obtain building permits. The feds …
As a purely financial matter, Netflix’s quarterly report should not have precipitated the absolute shellacking that the company’s stock suffered after-hours Monday, wiping out about $1 billion in shareholder equity. The company’s …
With its planned initial public offering just weeks away, social networking juggernaut Facebook reported that its first-quarter profit fell 12% thanks to a dramatic increase in the company’s expenses as it continues its torrid …
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 …
