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Updated: 5 hours 51 min ago

Former Android Leader Leaving Google

Thu, 10/30/2014 - 21:07
Andy Rubin, co-founder and former leader of Google Inc.’s Android mobile business and the current head of its nascent robotics effort, is leaving the Internet company, the company said Thursday.

Apple CEO Cook Is 'Proud to Be Gay'

Thu, 10/30/2014 - 20:25
Apple’s Tim Cook said he is “proud to be gay,” a declaration that puts an openly gay man at the helm of the world’s most valuable company.

Lawyers: RBC Should Pay More in Rural/Metro Case

Thu, 10/30/2014 - 20:23
Plaintiffs' lawyers who successfully sued RBC Capital Markets LLC over a buyout deal are making an unusual fee request and are pointing to alleged lies by bankers in court as support.

U.S. Sanctions Bite Putin's 'Personal Banker'

Thu, 10/30/2014 - 20:17
The Western effort to freeze Kremlin-connected assets has cost what the U.S. Treasury describes as Russian President Putin’s favored bank nearly $21 million, according to a new U.S. corporate disclosure.

Activist Paints Bleak Picture of DuPont's Paint-Unit Sale

Thu, 10/30/2014 - 20:15
Trian Fund Management is slamming DuPont over the sale of its paint division as buyer Carlyle prepares an IPO.

Danone to Buy Stake in Chinese Milk Powder Maker

Thu, 10/30/2014 - 20:01
Danone has agreed to acquire a 25% stake in Chinese milk powder maker Yashili International Holdings Ltd. for $566 million to bolster its presence in China.

Judge Clears CSN Houston's Restructuring Plan

Thu, 10/30/2014 - 19:32
A bankruptcy judge on Thursday approved a restructuring plan that will hand control of ComcastSportsNet Houston, a regional sports network, to DirecTV and AT&T Inc.

Macau Slump Divides Investors

Thu, 10/30/2014 - 18:44
With Macau set to record its fifth straight month of gambling revenue declines and the stocks suffering a terrible year, investors and analysts are rethinking their views, with some even pointing to Las Vegas as a new profit driver.

Orbital's Rocket Update Points to Propulsion Failure

Thu, 10/30/2014 - 18:32
Two days after the unsuccessful launch of an unmanned Orbital Sciences Corp. rocket that was to carry supplies to the international space station, the company indicated the main-engine system stopped providing thrust about 15 seconds after liftoff

How Autonomy's Mike Lynch Reinvented Himself

Thu, 10/30/2014 - 18:17
H-P has accused Mike Lynch of fraud in connection with its $11 billion purchase of his former company, Autonomy. But in England, Mr. Lynch has reinvented himself, forming a venture-capital firm with $1 billion to spend.

Groupon Loss Widens

Thu, 10/30/2014 - 18:02
Groupon posted a wider third-quarter loss and signaled it may sell a stake in South Korean subsidiary Ticket Monster less than 10 months after buying it.

Judge Rules Against Financiers Who Sued Paramount Pictures

Thu, 10/30/2014 - 17:47
Paramount Pictures has prevailed in a lawsuit brought against it by a group of unhappy financiers who made a deal with the studio 10 years ago.

Trade Group Cautious on NLRB's Franchise Approach

Thu, 10/30/2014 - 17:18
The recent decision by a NLRB’ lawyer McDonald’s Corp. could be treated as a “joint employer” of workers at McDonald’s franchisees involved in labor complaints has spurred more complaints, according to the franchising industry’s main trade group.

Bombardier Shelves Plans for Russian Assembly Line

Thu, 10/30/2014 - 17:11
Bombardier’s chief executive said it has set aside plans to open a new assembly line in Russia to build commuter aircraft, amid economic tension between the West and Moscow over Russian military actions in Ukraine.

Starbucks Sales Disappoint; Delivery Is on Horizon

Thu, 10/30/2014 - 16:55
Starbucks reported a smaller-than-expected 10% increase in revenue for the quarter and gave a disappointing forecast. The company also said that late next year some customers will be able to use a mobile ordering app for deliveries.

LinkedIn's Revenue Grows Strongly Across the Board

Thu, 10/30/2014 - 16:35
LinkedIn reported strong third-quarter revenue growth across its three main businesses, helping the professional social network post a smaller-than-expected loss.

Twitter Replaces Product Chief Daniel Graf

Thu, 10/30/2014 - 16:15
Twitter has replaced its new head of product, Daniel Graf, just six months after his much-touted hire away from Google.

Live Nation Net Rises, Outlook 'Robust'

Thu, 10/30/2014 - 15:49
Live Nation Entertainment said third-quarter profit rose sharply as the industry outlook remains ‘robust.’ The concert promoter also said it is on track for ‘another record year.’

Teamsters Withdraw Election Petition at FedEx Freight in Pennsylvania

Thu, 10/30/2014 - 15:30
FedEx said a union election for drivers at the company’s FedEx Freight Middletown, Pa., facility was cancelled after International Brotherhood of Teamsters withdrew its election petition.

GoPro Reports Profit as Sales Soar

Thu, 10/30/2014 - 14:37
GoPro, the maker of wearable video cameras, swung to a third-quarter profit on a 46% jump in sales, and described the launch of its latest camera as strong.

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