US Business News

Oracle Reduces Stock Grants to Larry Ellison

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Oracle significantly cut its yearly stock-option grants to CEO Larry Ellison and other top executives nearly a year after a wave of shareholder opposition to compensation paid to the billionaire chief.

Meet Some of the SEC's Whistleblowers

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More than 6,500 people have now offered confidential information under the whistleblower program of the Securities and Exchange Commission.

New York Times Profit Slips

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New York Times Co. said its second-quarter profit declined as lower print advertising revenue offset increases in digital advertising and circulation revenue.

McDonald's Japan Withdraws Guidance, Citing Chinese Supplier

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McDonald's Japan withdraws financial guidance for 2014, citing lost sales and higher expenses caused by a scandal involving a Chinese chicken supplier accused of unsanitary practices.

BlackBerry to Buy German Encryption Technology Firm

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BlackBerry Ltd. agreed to acquire Germany's Secusmart GmbH for an undisclosed amount to further bolster its mobile security offerings for companies and governments.

Windstream to Form REIT

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Windstream said it intends to spin off some of its telecommunications network assets into an independent, publicly traded real estate investment trust.

Wynn Resorts Profit Jumps

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Wynn Resorts said its second-quarter earnings grew 57%, as margins grew and the company's Macau and Las Vegas operations both posted revenue growth.

Renault Profit Surges on Cost-Cutting

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Renault reported a steep rise in first-half profit, as the French car maker benefited from a cost-cutting drive and the absence of provisions that hurt its performance in the same period last year.

UPS Credits E-Commerce for Growth

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UPS said its revenue rose as the company attributed an increase in demand to e-commerce and growth in package shipments.

Money, Politics Stir Argentine Intrigue

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Money-laundering allegations against Argentine construction baron Lázaro Báez are focusing attention on the wealth of President Cristina Kirchner and her late husband Néstor.

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