- Dolce and Gabbana Convicted of Tax Evasion Jun 20, 2013 6:14 am UTC
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.
- Lenovo Turns to Phones as PCs Decline Jun 20, 2013 6:08 am UTC
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.
- China Manufacturing Hits a Nine-Month Low Jun 20, 2013 6:02 am UTC
China saw a fresh sign of economic weakness on Thursday, as an initial gauge of manufacturing health slumped to a nine-month low in June.
- Swiss Reject U.S. Banks Deal Jun 20, 2013 5:59 am UTC
Swiss lawmakers nixed a proposal to let Swiss banks avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders.
- Microsoft Explored Deal for Nokia Jun 20, 2013 5:54 am UTC
Microsoft was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry.
- Fed Result, China PMI Weigh on Asian Shares Jun 20, 2013 5:34 am UTC
Asian markets were lower Thursday in the wake of Wednesday's Federal Reserve policy meeting outcome and a weak China PMI reading. The Hang Seng fell 2.5%.
- Stocks Decline on Fed Fears Jun 20, 2013 4:44 am UTC
Stocks declined and both Treasury-bond yields and the dollar rose sharply, all signs of market unease, after Bernanke again said the Fed this year could begin trimming the size of its monthly debt pur. […]
- Goldman Left Out of Smithfield Deal Jun 20, 2013 4:40 am UTC
Goldman Sachs lost out on an advisory role in one of the most significant deals this year—the sale of Smithfield Foods to China's Shuanghui International Holdings—because of its investment in the. […]
- FedEx Reins In Expectations Jun 20, 2013 3:19 am UTC
FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in its international priority business.
- SandRidge CEO Ousted, Gets $90 Million Exit Pay Jun 20, 2013 2:53 am UTC
SandRidge Energy chief Tom Ward was ousted by the company's board and given an about $90 million severance package following a probe of dealings with businesses controlled by members of his family.
- LPL Hires Ex-Official of SEC Jun 20, 2013 2:39 am UTC
LPL Financial has hired the former head of the SEC's Boston office, as the brokerage-firm operator overhauls management in the wake of the biggest regulatory fine in its history.
- Optimists Not Wrong This Time on Rite Aid Jun 20, 2013 1:56 am UTC
Ahead of the Tape: The rally is "rite" on schedule for Rite Aid, with shares up sharply in 2013. Will the pharmacy chain be able to hang on to the gains this time?
- Embraer and Bombardier Orders Diverge Jun 20, 2013 1:42 am UTC
Smaller-jet makers Embraer and Bombardier have drawn attention with contrasting order books at the Paris Air Show, with Bombardier yet to snare any orders for its coming CSeries jets.
- China Banks Warn of Loan Woes Jun 20, 2013 1:17 am UTC
A cash squeeze gripping China's financial markets is beginning to trickle into the broader economy, as bank executives warn of higher interest rates and more-cautious lending.
- Banks Blundered on Mortgage Pact Jun 20, 2013 1:16 am UTC
Four of the largest U.S. mortgage servicers failed to comply with parts of a $25 billion landmark national mortgage settlement, the watchdog overseeing the process said.
- Founder Gets Boot at Men's Wearhouse Jun 20, 2013 1:12 am UTC
Clothing chain Men's Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. Mr. Zimmer said he was being silenced after expressing concerns about the. […]
- Tesla Recall Cites Faulty Latch Jun 19, 2013 10:34 pm UTC
Tesla Motors is recalling some Model S electric sedans to fix a rear-seat latch that it fears could fail in a crash.
- Traders Try to Game Oil-Price Benchmark Jun 19, 2013 7:01 pm UTC
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.
- Hermès Files Suit Against LVMH Jun 19, 2013 4:49 pm UTC
The fashion company is seeking to cancel derivative transactions through which its rival built up a stake.