Cable giant Liberty Media issued a blunt warning at its investor day on Wednesday: US cable providers should band together to create a unified, national internet-streaming platform to rival Netflix.
The borders within countries in the European Union no longer exist as far as currency, trade in goods and services, and people are concerned. But for mobile phones, they’re all too real. Europeans who travel around the continent still incur global roaming charges—an anachronism that impedes mobility and productivity on the continent, which only just emerged from recession.
Electronic dance music may be associated with feelings of euphoria, but there was no first-day high for SFX Entertainment, a company exposed to the booming genre.
Who said big corporations control the government? Corporate America couldn’t be more annoyed at the ongoing government shutdown and threat of a looming default. And, as we predicted, CEOs from some of the country’s most influential companies are making it clear they want it resolved.
After years of waiting on the sidelines for an open door, Wal-Mart is all but giving up on India as its next outpost for foreign growth. And that means India’s economy won’t get a bump from welcoming in the world’s biggest retailer.
This item has been corrected.
Brooks Brothers, which introduced Americans to off-the-rack suits, pink dress shirts, Argyle socks, and other sartorial innovations, is branching out into steaks. The oldest menswear retailer in the United States said it plans to open a large steakhouse in New York City by next summer.
The much anticipated and dreaded US quarterly earnings season begins in earnest again today. And it comes at a key juncture for the global economy and markets. The US government remains in shutdown mode, but stocks are not far away from record highs and most macroeconomic indicators aren’t looking terrible. Corporate earnings could be critical, so here are some things to look out for.
For the board of fallen smartphone giant BlackBerry, breaking up may be the best, and only realistic option.
This piece has been corrected.
Chinese e-commerce giant Alibaba isn’t just looking to the US as a potential home for its much-anticipated IPO. It’s also looking to the country as a fountain of innovation that can boost its growing business in China and around the world. The company, often described as Asia’s answer to Ebay or Amazon, has led a late round of financing for Quixey, a US-based search engine for apps on mobile devices.
Famed hedge fund manager Bill Ackman is scaling back his much-watched bet against vitamin king Herbalife. Normally, news that a big investor like Ackman was pulling back on a massive short position—he famously short-sold shares worth an estimated $1 billion late last year—would be a boon for the company’s share price. But instead, the share price has fallen more than 7%. How come?
Izmir, a port city on the Aegean coast of Turkey, doesn’t appear to have much in common with the inland cities of Daqing, China, or Campinas, Brazil.
Biotech giant Monsanto said on Wednesday it will pay $930 million to buy The Climate Corporation, a Silicon Valley startup specializing in weather analytics and risk management.
