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BUENOS AIRES — Brazil’s government on Wednesday purged the leadership of Petrobras, the national oil giant grappling with a sprawling graft scandal, amid accusations of a bribery scheme involving kickbacks…
Last week Uber revealed another way the ridesharing service is revolutionizing travel: Cities that use Uber see a reduction in drunk driving accidents among young people, a company report showed. …
The company is facing another problem: In a bid to gain greater traction in China, the company acquired local hot pot chain Little Sheep in 2012, but those restaurants have…
HONG KONG — After a rough few months, Sony got some relief Wednesday as net profit almost doubled analysts’ expectations and the company reduced its loss projections for the year….
Most of the recall costs were taken by the company earlier in the year, and the fourth quarter results reported Wednesday were strong. Operating income jumped 27% in the quarter,…
Reese Witherspoon is a woman who leads by example. Two years ago, she started her own production company after seeing six of her favorite actresses “fighting over a really crappy…
Domestic and international subsidiaries at one time included Oldsmobile, Pontiac, Hummer, Saturn and Saab. GM is one of the largest vehicle manufacturers and marketers in the world with operations on…
Sewage beer sounds like something out of a dystopian movie or someone’s terrifying, unsavory nightmare. We’ve seen beer made from seaweed and whale bones, but of all the weird and…
So what’s next? The company has already promised even more original shows in the years to come. And it looks like it’s found a way to pay for it too….
With the price of crude oil plummeting, why some countries are faring much better than others. LONDON — BP on Tuesday reported a net loss of $4.4 billion in the…
Wisconsin Congressman Paul Ryan once said, “Behind every small business, there’s a story worth knowing.” We believe this to be true. To highlight the trials and tribulations of being a…
Uber faces an ever-growing cast of adversaries that includes dubious regulators, litigious drivers, hostile members of the press, and some well-funded rivals. But the most significant threat to the app-based…
Huber led the apparel company through its spinoff last year from another iconic American brand, Sears (SHLD). Sears bought Land’s End in 2002. – Chicago Mercantile Association: Certain market data…
RadioShack can review and appeal the decision by the NYSE to suspend trading. The company declined to comment. Related: Time is running out for RadioShack
Travis Kalanick did not build Uber into a global force by playing nice. Mr. Kalanick, the chief executive of Uber, a ride-hailing service, aggressively pushed the start-up into new markets,…
LONDON — Chevron said on Friday that it would abandon efforts to find and produce natural gas from shale rock in Poland, in perhaps the biggest setback yet to fledgling…
The company also estimates that it has about 890 million daily active users. 71% of Internet users are Facebook users. It is blocked in North Korea and most of China….
Chipotle is expanding its new pizzeria chain eastward, a sign that the fast-food giant has national ambitions for pizza. The company said Thursday that it plans to open a Pizzeria…
Jay-Z is getting into the streaming music business, with a $56 million offer for Aspiro, a Swedish company behind two niche music services, WiMP and Tidal. – For Jay-Z, another…
“#Gratitude. Team, Guests, Community, Suppliers, and Investors. In that order. Thank you all,” he wrote. Shake Shack, which started in 2001 as a hot dog cart in New York’s Madison…
Common Sense By JAMES B. STEWART When Microsoft stock was at a record high in 1999, and its market capitalization was nearly $620 billion, the notion that Apple Computer would…
A woman who says an Uber driver raped her in New Dehli, India, on Thursday accused the company in a lawsuit filed in U.S. court of failing to properly investigate…
SAN FRANCISCO — Google is still trying to tune its advertising machine for an audience on mobile devices. The company on Thursday reported revenue of $18.1 billion in the fourth…
OverstockArt.com sells hand-painted reproductions of more than 10,000 works. The paintings, mostly of well-known masterpieces, are made by painters under contract in China and Vietnam and sold via the company’s…
Even though Alibaba’s earnings report clearly disappointed Wall Street, Jack Ma’s company has made a big splash with investors since its blockbuster initial public offering in September. – Chicago Mercantile…
Its $39 billion stake in the Alibaba Group, the Chinese e-commerce behemoth — accounting for about 85 percent of the market value of Yahoo — has obscured both the weakness…
SAN FRANCISCO — Facebook’s advertising machine shows no signs of slowing down. The company reported on Wednesday that revenue increased 49 percent in the fourth quarter, exceeding Wall Street’s expectations….
On Wednesday, Ant Financial Services, a privately held company controlled by Alibaba’s founder, Jack Ma, announced the introduction of Sesame Credit Management, a credit-scoring business that is to rely primarily…
Alibaba (BABA, Tech30) took issue with the government review, saying the process was marred by misconduct and has “inflicted irreparable and serious damage to Taobao and Chinese online businesses.” The…
Jordan’s company, ScotteVest, was a long-time advertiser in the SkyMall catalogue. He says this gives him a unique perspective on how the company works. Jordan has also written a book,…