The High Cost of Saving a Failing Business

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Filing for bankruptcy protection to save a small business often costs at least $100,000 to $300,000—and sometimes twice as much in cases where creditors are contentious, lawyers say.

Groupe Bolloré Raises Stake in Vivendi

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French conglomerate Groupe Bolloré said Thursday it has again boosted its stake in Vivendi SA, bulking up the influence of chairman Vincent Bolloré as he faces a challenge from an activist shareholder.

PayPal to Pay $7.7 Million to U.S. Over Alleged Sanctions Violations

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The U.S. Treasury Department announced Wednesday a $7.7 million settlement with eBay unit PayPal over multiple alleged sanctions violations by the payments company.

Amazon Unveils Storage Plans for Photos, Media

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Amazon announced two new unlimited storage plans; temporarily offered its grocery delivery business to Prime members; and expanded its one-hour delivery service to Dallas.

PetroChina to Slash Spending

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PetroChina slashed its spending plans for the coming year, after a global drop in oil prices led to a 17% fall in its 2014 net profit.

Facebook to Beef Up Messenger Mobile App

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Facebook Inc. unveiled plans to beef up its Messenger mobile application to allow users to book reservations, track online orders and send custom videos, a push to make the app a tool for commerce.

Intel, Micron Join Shift to 3-D Storage Chips

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Intel and Micron Technology said they are shipping samples of jointly designed chips that stack circuitry in layers to boost storage capacity rather than packing smaller components on to a flat square of silicon.

SanDisk Further Cuts Revenue View

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Thumb-drive maker SanDisk cut its revenue outlook for the year and current quarter, citing lower-than-expected sales of enterprise products and soft pricing in some areas of its business.

Codelco Restarts Some Operations in Northern Chile

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Chilean state-owned copper company Codelco said Thursday it had restarted operations at its Distrito Norte mines, which had been closed due to heavy rains and flooding.

Toyota Unveils Revamped Manufacturing Process

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Toyota broke a two-year silence on a revamped manufacturing process—built on sharing components among vehicles—that it says will produce half its vehicles by 2020 and slash costs.

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