posted: 04/23/2014 5:06 a.m.
The American middle class, long the most affluent in the world, has lost that distinction.
posted: 04/23/2014 3:14 a.m.
Swiss pharmaceutical firm Novartis AG started an overhaul of its business Tuesday, unveiling multibillion-dollar deals with Britain’s GlaxoSmithKline PLC and the U.S.’s Eli Lilly & Co.
posted: 04/23/2014 3:07 a.m.
Workers on strike at a Chinese factory owned by the world’s largest maker of athletic shoes have rejected management’s latest offer in an ongoing labor dispute that is crimping production for brands such as Nike and Adidas.
posted: 04/23/2014 3:02 a.m.
QUOTE OF THE DAY “Sales are showing some lingering effects of the weather. It’s probably going to take a couple more months until you see a bounce.” Kevin Cummins, UBS Securities LLC economist, on March sales of previously owned homes
posted: 04/22/2014 12:47 p.m.
Netflix Inc.'s planned price increases will allow the video streaming company to increase spending on original content that will help attract more customers globally, analysts said, as many of them raised their price targets on the stock.
posted: 04/22/2014 3:35 a.m.
Tesla Motors Inc. Chief Executive Officer Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, said he expects to be making cars in the country in the next three to four years.
posted: 04/20/2014 2:34 a.m.
As China’s growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient, low-cost producer is no longer enough to prosper.
posted: 04/18/2014 1:49 a.m.
A batch of U.S. company earnings drove stocks mostly higher Thursday.
posted: 04/17/2014 3:19 a.m.
China’s economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses.
posted: 04/17/2014 3:15 a.m.
IBM’s first-quarter earnings fell and revenue came in below Wall Street’s expectations as amid ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.
posted: 04/17/2014 3:14 a.m.
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
posted: 04/17/2014 3:12 a.m.
Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data.
posted: 04/17/2014 3:11 a.m.
QUOTE OF THE DAY “We know GM designed two different plungers and springs. They made an affirmative decision to use the cheaper one.” Joan Claybrook, former head of the National Highway Traffic Safety Administration
posted: 04/16/2014 3:26 a.m.
The Little Rock Municipal Airport Commission on Tuesday approved spending $6,000 to send its executive director, Ron Mathieu, to the Farnborough International Air Show in England in July to market the old Hawker Beechcraft facility.
posted: 04/16/2014 3:24 a.m.
Coca-Cola, the world’s biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years.