Business News Now
At the Mead Consulting Group, we provide you with top business and industry news on a daily basis. We do the work for you - compiling the information and news you want. No searching involved - just visit our website for your daily dose of headlines.
Today's headlines that matter to you
Posted: 20 June 2013 | 1:14 am
Sony Corp. said its newly appointed board of directors will "appropriately" consider the proposal from U.S. hedge-fund investor Daniel Loeb to launch an IPO of its entertainment arm.
Posted: 20 June 2013 | 12:51 am
Smaller-jet makers Embraer and Bombardier have drawn attention with contrasting order books at the Paris Air Show, with Bombardier yet to snare any orders for its coming CSeries jets.
Posted: 20 June 2013 | 12:40 am
Nike is encouraging developers to build apps for its FuelBand digital bracelet by giving them aggregate data from customers. It's part of a push for the sportswear giant to reposition itself as a technology company.
Posted: 20 June 2013 | 12:34 am
Chinese electric-car maker BYD faces safety concerns and a plunging share price after reports of a fire at one of its charging stations in Hong Kong.
Posted: 20 June 2013 | 12:21 am
Microsoft was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry.
Posted: 20 June 2013 | 12:19 am
Rio Tinto is set to make its first shipment of copper and gold from the Oyu Tolgoi mine in Mongolia, an operation the mining company estimates will eventually account for over 30% of the country's gross domestic product.
Posted: 20 June 2013 | 12:02 am
SandRidge Energy chief Tom Ward was ousted by the company's board and given an about $90 million severance package following a probe of dealings with businesses controlled by members of his family.
Posted: 20 June 2013 | 12:01 am
A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
Posted: 19 June 2013 | 11:45 pm
The Bank of England said U.K. lenders together had a capital shortfall of $41.96 billion at the end of 2012 and need to sell assets and restructure further to close the gap.
Posted: 19 June 2013 | 11:13 pm
Facebook, Google and Microsoft and other Internet companies have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix has been reluctant.
Posted: 19 June 2013 | 11:08 pm
Lenovo gets over 80% of its revenue from PCs, but amid a decline in the computer market it's seeking to increase its smartphone sales outside China.
Posted: 19 June 2013 | 8:41 pm
When Twitter bought video-sharing app Vine in October, it was largely viewed as a consolation prize after Facebook snapped up photo-sharing app Instagram. But now, Facebook is trying to catch up to Twitter in video.
Posted: 19 June 2013 | 8:34 pm
General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.
Posted: 19 June 2013 | 8:19 pm
FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in its international priority business.
Posted: 19 June 2013 | 8:04 pm
Surfer, seeking a way to film his stunts, finds he has to invent it.
Posted: 19 June 2013 | 8:01 pm
New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's, according to people familiar with the matter. But he hasn't been able to take the piece from the U.K.
Posted: 19 June 2013 | 7:57 pm
Microsoft said Wednesday it will loosen some unpopular new policies it had earlier announced for its upcoming Xbox One videogame console.
Posted: 19 June 2013 | 7:39 pm
The trial of Finmeccanica's former chief executive began, in which he faces fraud and corruption charges for allegedly overseeing the use of bribes to win a helicopter contract in India.
Posted: 19 June 2013 | 7:36 pm
Norwegian oil giant Statoil ASA said it made a big discovery of light oil offshore Newfoundland.
Posted: 19 June 2013 | 7:33 pm
For two decades, Gazprom has been the only name in Russian natural gas. Now Novatek is challenging that dominance as the state-run incumbent risks losing its monopoly on exports.
Posted: 19 June 2013 | 7:29 pm
The Verrazano-Narrows Bridge was a feat of American engineering when it was built across New York's harbor in the 1960s. Now, it's being repaired with steel made in China.
Posted: 19 June 2013 | 7:21 pm
In a deal that could help bring three-dimensional printing to the masses, industry leader Stratasys said it has signed an agreement to acquire upstart MakerBot Industries.
Posted: 19 June 2013 | 6:35 pm
Alcatel-Lucent plans to rework its balance sheet and significantly tighten its focus to a handful of core businesses, in an effort to return the telecommunications-equipment maker to profitability, the company said.
Posted: 19 June 2013 | 6:12 pm
Clothing chain Men's Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. Mr. Zimmer said he was being silenced after expressing concerns about the direction.
Posted: 19 June 2013 | 5:44 pm
A hearing this week on whether to substantially reduce former Enron CEO Jeffrey Skilling's 24-year prison sentence comes amid a growing debate about the rules for punishing white-collar criminals.
Posted: 19 June 2013 | 2:33 pm
Manchester United's parent company plans to drive margins above 30% by splitting some of its global sponsorship deals into regional packages, leveraging the English football club's global fan base.
Posted: 19 June 2013 | 11:45 am
Chrysler agreed to recall about 1.56 million Jeeps to address consumer concerns, documents released on Wednesday indicated, even as it denied the vehicles have defects that render them unsafe to passengers in rear-end collisions.