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: 19 June 2013 | 5:20 pm
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: 19 June 2013 | 5:10 pm
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: 19 June 2013 | 5:09 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 | 5:03 pm
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: 19 June 2013 | 5:02 pm
Surfer, seeking a way to film his stunts, finds he has to invent it.
Posted: 19 June 2013 | 4:58 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 | 4:57 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 | 4:44 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 | 4:41 pm
Nike is encouraging developers to build apps for its FuelBand digital bracelet by giving them aggregate data from customers. Its part of a push for the sportswear giant to reposition itself as a technology company.
Posted: 19 June 2013 | 4:08 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 | 4:06 pm
Swedish fashion retailer Hennes & Mauritz, nagged by the stagnant European market, is intensifying its push into China and the U.S., with plans to launch a U.S. online shopping presence after long delays.
Posted: 19 June 2013 | 3:40 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 retailer's direction.
Posted: 19 June 2013 | 3:34 pm
Tesla Motors is recalling some Model S electric sedans to fix a rear-seat latch that it fears could fail in a crash.
Posted: 19 June 2013 | 3:23 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 | 2:47 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 | 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 | 2:09 pm
South Korea is looking to transform a culture that penalizes business failure into one that lets startups thrive by encouraging risk taking.
Posted: 19 June 2013 | 1:54 pm
The regulator said the meatpacker is by far the largest user of derivatives among nonfinancial companies in Brazil.
Posted: 19 June 2013 | 1:23 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 | 12:27 pm
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 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.
Posted: 19 June 2013 | 10:39 am
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 | 10:17 am
Dish Network said it won't submit a new offer for Sprint Nextel by its Tuesday deadline, a move that appears to clear the way for the third largest U.S. wireless carrier to be bought by SoftBank of Japan.
Posted: 19 June 2013 | 10:12 am
Chrysler said it would recall 1.56 million Jeeps to strengthen the vehicles, reversing course after initially rejecting a regulator's request for a larger recall after a study found a high rate of fire after collisions.
Posted: 19 June 2013 | 9:49 am
The fashion company is seeking to cancel derivative transactions through which its rival built up a stake.
Posted: 19 June 2013 | 8:53 am
Eastman Kodak reached a deal, subject to bankruptcy-court approval, that would allow it to repay some creditors in cash instead of equity in the company.
Posted: 19 June 2013 | 8:09 am
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 | 5:24 am
Two-year-old design website Fab is now worth more than $1 billion, thanks to a $150 million venture-capital round led in part by Chinese Internet conglomerate Tencent Holdings.
Posted: 19 June 2013 | 4:17 am
The EU ruled the company had been paying competitors not to sell generic versions of its drugs in its key markets after its patents expired.
Posted: 19 June 2013 | 2:46 am
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: 18 June 2013 | 11:52 pm
A Boeing 787 Dreamliner operated by United Airlines on a flight from Denver to Tokyo made an unscheduled landing in Seattle because of an apparent problem with an engine oil filter. There was no fire.
Posted: 18 June 2013 | 8:25 pm
Boeing signed up five customers for a new stretched version of its Dreamliner, a milestone in a marketing push it hopes will reignite sales of the aircraft after the current version was temporarily grounded this year.