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38 min 1 sec ago

September 9, 2010

12:42
EBay Inc. Chief Executive John Donahoe said China has become one of the fastest-growing markets for the company's PayPal business, with total transactions from China on the online-payment system rising 88% in the first half.
Categories: Business
12:27
Allergan Inc. has filed a patent lawsuit in federal court against Apotex Inc. in an attempt to stop Apotex from selling a generic version of the eyelash-enhancing drug Latisse before patent protection for the drug expires.
Categories: Business
11:25
Auto makers in China shipped 18.7% more vehicles in August than a year earlier, according to data that showed a moderate pickup in growth after months of slowing but that suggested producers are trying to trim dealer inventories.
Categories: Business
11:21
Ford's top manufacturing executive said several markets in Asia, including China, should continue to see strong growth in vehicle sales but sales in the U.S. and Europe could be lower.
Categories: Business
10:57
Best Buy will add the Amazon Kindle to its selection of e-book readers.
Categories: Business
10:41
Apple said it relaxed restrictions on developers of applications for its iPhones and iPads. The changes appear to allow apps made using Adobe's Flash.
Categories: Business
08:51
Korea National Oil Corp. said it won't raise its $2.89 billion bid for Dana Petroleum, a day after Dana released a lengthy document saying the offer undervalued the company.
Categories: Business
08:32
Burger King's current CEO will be replaced by railroad executive Bernardo Hees after 3G Capital completes its buyout of the fast-food chain.
Categories: Business
08:25
Smoothies and other specialty drinks continued to boost business at McDonald's, where same-store sales rose 4.9% in August.
Categories: Business
08:09
3M is paying $810 million to acquire surgical-products maker Arizant from private-equity firm Court Square Capital.
Categories: Business
07:08
Vodafone announced a major restructuring of its divisions, placing all the minority stakes the company holds in other mobile operators into a single unit to be managed separately.
Categories: Business
07:07
The company's games unit, Shanda Games Ltd., reported a 16% decline in second-quarter net profit because of decreased sales and margins.
Categories: Business
07:02
Defense giant BAE Systems announced plans to cut 740 jobs in the U.K., largely due to government spending cuts.
Categories: Business
06:29
An influential proxy advisory firm recommended that Airgas shareholders vote for a slate of three board of director candidates put forth by Air Products as part of its $5.48 billion hostile bid for Airgas.
Categories: Business
06:17
The Organization of Petroleum Exporting Countries kept its oil-demand forecast broadly unchanged, warning of weakening demand amid signs of an economic slowdown in industrialized nations.
Categories: Business
06:12
The Bank of England's Monetary Policy Committee kept its key interest rate and the size of its bond-buying program unchanged, as expected.
Categories: Business
06:03
William Morrison Supermarkets said its first-half net profit fell 8% to $442.3 million and cautioned that the overall U.K. retail market remains challenging.
Categories: Business
04:42
Private-equity firm Lion Capital said it's considering options for exiting the Dutch retail chain Hema.
Categories: Business
02:14
Monthly car sales in India surged to an all-time high in August as lower borrowing costs, introduction of new models and forthcoming festivals in an expanding economy lifted demand for cars.
Categories: Business
01:55
Australia's competition regulator continued its opposition to National Australia Bank's proposed bid for wealth management firm rival AXA Asia Pacific.
Categories: Business