US Business News

Tesla: Battery Factory on Schedule

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Tesla Motors said the construction progress for its $5 billion battery factory near Reno, Nev., is still on schedule and nothing has changed after a report that there may be a delay in work.

Staples Swings to Loss on Write-Down

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Staples reported another quarter of declining sales and dwindling store traffic, deepening the retailer’s challenges while it awaits regulatory approval for its $6.3 billion takeover of Office Depot.

Apple to Join Dow, Replacing AT&T

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Apple will join the Dow Jones Industrial Average this month, a long-anticipated change that adds the world’s most-valuable company to the 119-year-old blue-chip index.

This Stock Made China's Richest Man, but Why Is It Rising So Much?

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Solar-power manufacturer Hanergy Thin Film Power Group has become the unlikely star performer of the Hong Kong Stock Exchange in a development that is troubling market watchers.

SAP to Cut Jobs Amid Transition

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SAP said it plans job cuts that could affect as much as 3% of its current global workforce, as the German software company transitions from offering installed applications to a cloud-based business model.

Sika Setback in Fending Off Saint-Gobain

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Sika suffered a setback in its battle to prevent a takeover by France’s Saint-Gobain as the body governing acquisitions in Switzerland ruled in favor of the founding family’s plan to sell its interest.

Canada Raises C$2.1 Billion in Wireless-Spectrum Auction

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The Canadian government raised 2.1 billion Canadian dollars in a wireless-spectrum auction aimed at fostering greater competition and bringing down prices for mobile services in the country.

Eli Lilly Loses Alimta Patent Case

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A German court ruled that Eli Lilly & Co. cannot prevent a competitor from selling a generic form of its key Alimta cancer drug once the patent expires this December.

Elaine Wynn Launches Bid for Board Seat

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Wynn Resorts co-founder Elaine Wynn launched a bid to remain on the board, the latest power struggle at the casino operator.

Limits Sought on GMO Corn as Pest Evolves

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U.S. regulators are proposing limits on the planting of some genetically engineered corn to combat a voracious pest that has evolved to resist the bug-killing crops, a potential blow to makers of biotech seed.

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