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Updated: 2 hours 16 min ago

Fashion Designer Oscar de la Renta Dies at 82

Mon, 10/20/2014 - 23:16
Oscar de la Renta, a renowned American fashion designer famed for his glamorous red-carpet gowns and smart suits for ladies who lunch, died Monday at the age of 82.

Akzo Nobel Lifted by Cost Cutting

Mon, 10/20/2014 - 22:55
Akzo Nobel said third-quarter profit rose 32% driven by cost savings and lower restructuring and financing costs, adding that it was on track to meet its 2015 targets despite a fragile economy.

Actelion Boosted by New Drug

Mon, 10/20/2014 - 22:54
Strong sales of a new drug helped push Actelion’s earnings higher in the third quarter, prompting Europe’s biggest biotech to upgrade its full-year guidance.

CEO of French Oil Giant Total Dies in Moscow Plane Crash

Mon, 10/20/2014 - 22:47
French oil company Total SA said Chairman and Chief Executive Christophe de Margerie died Monday in a plane crash at a Russian airport.

GIC Buys Tokyo Office Property

Mon, 10/20/2014 - 21:36
Singapore sovereign-wealth fund GIC acquired prime office space in the Pacific Century Place Marunouchi building in central Tokyo, in a bid to grab a slice of the Japanese capital’s hot property market.

How Big Data Is Tracking City Life

Mon, 10/20/2014 - 21:10
Researchers are bringing big data into the public sphere, aiming to improve quality of life, save money, and understand cities in ways that weren’t possible only a few years ago.

NSA Clears Samsung Devices

Mon, 10/20/2014 - 20:43
Samsung said the NSA approved some of its mobile devices for use by government officials to carry classified information, a positive step for the smartphone maker’s struggling mobile division.

Government Watchdog Recommends Review of Firm Facing Fraud Allegations

Mon, 10/20/2014 - 19:41
The Government Accountability Office recommended the Department of Homeland Security consider stripping a $210 million contract from a major contractor, delivering a blow to the private company that carries out most background security checks for the U.S. government.

Staples Warns of Possible Data Breach

Mon, 10/20/2014 - 19:36
Staples may be the latest retailer to be hacked, as the office-supply chain said it is investigating a possible card data breach.

Trinity Industries Whistleblower Awarded $175 Million

Mon, 10/20/2014 - 18:47
A federal jury decided that a Texas manufacturer should pay $175 million in a case brought by a whistleblower who questioned the safety of thousands of highway guardrail end caps on the nation’s roads.

CVS Plays Hardball With Rival Drug Chains

Mon, 10/20/2014 - 17:22
CVS is offering a prescription-drug plan that charges patients more if they buy their medications at pharmacies that sell tobacco products, a plan that could benefit the company’s own network of drugstores.

Amazon, Simon & Schuster Reach Book Contract

Mon, 10/20/2014 - 17:17
Amazon and CBS Corp.’s Simon & Schuster have reached a new multiyear print and digital contract, a pact that comes as the online retailer continues difficult negotiations with Hachette Book Group.

Facebook Sues Lawyers for Allegedly Contributing to Fraud

Mon, 10/20/2014 - 17:11
Facebook and Chief Executive Mark Zuckerberg filed suit against several attorneys Monday, claiming they helped perpetuate a fraud against the social network and its founder.

IPhone 6 Recharges Apple's Growth

Mon, 10/20/2014 - 17:01
Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.

Adidas CEO Faced With Choice on Reebok

Mon, 10/20/2014 - 16:35
Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.

Twitter to Offer New Tools for App Developers

Mon, 10/20/2014 - 16:09
Twitter, at its first developer conference in four years, is expected to announce on Wednesday a suite of tools to make it easier for programmers to build apps, according to people familiar with the matter.

AbbVie, Shire Terminate Deal

Mon, 10/20/2014 - 15:40
AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.

Japanese Electronics Get Lift From China

Mon, 10/20/2014 - 14:47
China’s smartphone boom is being fueled by Japanese parts makers, a rare bright spot in Japan’s gloomy electronics industry.

UPS Plans 4.9% Average Price Increase

Mon, 10/20/2014 - 14:34
UPS is planning to increase freight rates by an average of 4.9% a package after the holiday season, in the U.S., Canada and Puerto Rico, the company said Monday.

Texas Instruments Forecast Tops Views

Mon, 10/20/2014 - 14:04
Texas Instruments Inc. projected fourth-quarter profit that topped Wall Street’s estimates as the chipmaker also reported that its third-quarter earnings rose 31% thanks to stronger sales and margins.

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