Former PepsiCo Inc (PEP.N) executive Christopher Sinclair, 64, was appointed chairman and interim CEO. Mattel bought Canadian toymaker Mega Brands for about $460 million (£305 ..
Hedge funds boosted bearish wagers on oil to a four-year high as U.S. supplies grew the most since 2001. Money managers increased short positions in West Texas Intermediate cr ..
Nevertheless, overall spending on mobile and fixed networks is expected to grow for a second consecutive year, as operators worldwide seek to improve coverage and add capacity ..
Shares of MeadWestvaco and Rock-Tenn rose to record highs. Demand for the corrugated boxes made by both companies has risen sharply as internet shopping has taken off. The mer ..
For a second-straight year, wavering growth signals have upset an optimistic investor consensus in January. Another passing storm, or will 2015 be rockier? ..
The Russian ruble dropped more than 5% against the U.S. dollar after Standard & Poor's became the first major ratings firm to chop the embattled country's credit ..
BP (BP.L) is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices. Over the past year, oi ..
Big iPhone 6 sales and growing sales in China are expected to give Apple one of its strongest quarters to date. Henry Blodget is worried about Apple growth. ..
An IBM spokesman dismissed a Forbes magazine report claiming the technology giant was preparing to cut about 26 percent of its workforce. IBM is in the process of layoffs, as ..
When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation ..
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