American Industrial Partners bets it can transform ’water-jet technology,’ which slices through glass, metal and granite, into a bigger and faster-growing business.
Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the retailer is pushing to contain costs and improve slumping sales.
German power utility E.ON has agreed to sell its Spanish assets to Australia’s Macquarie Group and Kuwait’s sovereign-wealth fund in a deal worth $3.1 billion.
The French drinks maker is convinced that ultra-rich Chinese will again sip from the world’s most expensive bottles of cognac following a slump in demand that stems from an anticorruption campaign.
Ahead of the Tape: December’s ‘Santa Claus rally’ appears to have gotten better with age, as the past five years have seen the S&P 500 gain nearly 2.5% on average during the month.
Tired of flushing money away, British Airways parent IAG has sought to cut costs in unusual places, like its lavatories.
Two music publishers are suing Cox Communications, saying the cable company is deliberately turning a blind eye to illegal downloading by its broadband subscribers.
Europe’s unemployment crisis has compelled hundreds of thousands of people to try to reinvent themselves as entrepreneurs. But these inexperienced business operators are flying into harsh headwinds.
A team of agricultural specialists and customs officers are manning their posts at JFK airport, making use of floppy-eared beagles to sniff out contraband, and a massive industrial grinder to destroy it.
AT&T backpedaled from a threat to freeze the rollout of its ultrafast Internet service because of uncertainty around the government’s net-neutrality rules.