Pacific Investment Management Co. in the past month pulled all its futures-clearing business from a unit of State Street Corp. after State Street asked Pimco to reduce some positions.
Danone has agreed to acquire a 25% stake in Chinese milk powder maker Yashili International Holdings Ltd. for $566 million to bolster its presence in China.
LinkedIn reported strong third-quarter revenue growth across its three main businesses, helping the professional social network post a smaller-than-expected loss.
World Wrestling Entertainment is removing a six-month commitment requirement from its WWE Network video service, a move it hopes will boost subscriptions.
Time Warner Cable CEO Rob Marcus said the regulatory review of the company’s pending merger with Comcast is going ‘somewhat more slowly’ than expected, as TWC reported a drop in third-quarter profit.
Starbucks reported a smaller-than-expected 10% increase in revenue and gave a disappointing forecast. The company also said some customers will be able to use a mobile ordering app for deliveries next year.
Wherever houses are haunted by misfortune, Teru Oshima wants to hear about it. He built one of Japan’s most popular real-estate websites by mapping properties with histories of ghastly events.
A bankruptcy judge on Thursday approved a restructuring plan that will hand control of ComcastSportsNet Houston, a regional sports network, to DirecTV and AT&T Inc.
Americans’ growing appetite for food with bold and exotic tastes is bumping up against another trend—demand for more-natural food—complicating the industry’s R&D efforts and potentially raising costs.
Kellogg Co. said its sales fell 2.1% in the latest quarter on declines at the cereal maker’s morning foods and snack businesses.