Microsoft to Streamline Smartphone Business

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Microsoft will lay off 1,850 workers and take an impairment and restructuring charge of approximately $950 million as it takes further step in dismantling the mobile-phone operations it acquired from Nokia.

Tiffany Sales Decline More Than Expected

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Tiffany said its sales fell more than Wall Street had anticipated in the latest quarter and warned that earnings for the current period would be worse than it previously feared.

UniCredit Needs to Solve its Crisis of Confidence

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Italian bank ousts Chief Executive Federico Ghizzoni but faces a struggle to plug its capital shortage.

EU Could Force Netflix to Fund European Films

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The European Unionproposed legal changes that could force Netflix and other online-video providers to help finance European-made films.

Terror Attacks, Air Crashes Weaken Appetite for European Travel

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A spate of terror attacks and airliner disasters across Europe and its periphery is starting to catch up with the region’s travel industry.

Why Chinese Steel Can't Support Iron-Ore Prices

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Steel and iron-ore prices are again on the slide. Any uplift from Chinese demand will be limited.

Toyota and Uber Reach Investment, Lease Partnership

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Toyota said it had invested in Uber Technologies as part of a strategic alliance aimed at getting more drivers on the ride-hailing service.

Auto, Mortgage Delinquencies Rise in Energy Regions

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The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.

More Young Adults Living With Parents Than a Romantic Partner

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For the first time in the modern era, young adults are more likely to live with their parents than with a spouse or partner, according to a new study by Pew Research Center.

Redstone Taps New Stewards

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Sumner Redstone has appointed three new stewards of his media holdings, after dismissing top associates from those duties last week.

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