US Business News

IMAX to Get Even Bigger in China

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IMAX is striking a deal with a Chinese film company to open 19 new theaters in China ahead of a planned public listing of the big-movie-screen company's operations there.

Jana Partners Wants Changes at Apache

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Activist investor Jana Partners is calling for oil and gas company Apache Corp to exit some of its most expensive projects.

Aldi's Co-Founder Karl Albrecht, a Pioneer in Food Retailing, Dies at 94

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Karl Albrecht, a founder of discount supermarket chain Aldi and one of Germany's wealthiest men, has died at age 94.

A Tough Paint Job for U.S. Manufacturers

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Sherwin-Williams and PPG, America's two biggest makers of paint, are taking different approaches as they chip away at a lackluster market.

Tracking the Kurds' Stealth Oil Shipments

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Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.

EMC's Business Approach Faces Test

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EMC has long set itself apart with what it calls a 'federation' structure, comprised of units that can act cooperatively or independently. That approach now faces its stiffest test yet.

Will Driverless Cars Get Cheaper Eyes?

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The cost of lidar, the laser-sensing eyes used in driverless car systems pioneered by Google and others, will have to come sharply down in price and size for autonomous vehicle technology to find its way on the road.

Meat Supplier in China 'Appalled' by Allegation

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The U.S. owner of a meat supplier in Shanghai apologized and promised a swift response after McDonald's and Yum suspended purchases in China amid allegations it sold expired chicken and beef to restaurants.

Russia's Severstal Sells U.S. Units

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Russian steel manufacturer Severstal has sold its U.S. subsidiaries to two American firms for a combined $2.34 billion.

Yahoo Buys Mobile App Flurry

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Yahoo is acquiring mobile app analytics provider Flurry for more than $200 million in a bid to boost advertising revenue from smartphones.

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