Yahoo to Spin Off Alibaba Stake

Related Link: 

Yahoo unveiled plans for a tax-free spinoff of its remaining holdings in Chinese e-commerce giant Alibaba as the company also reported declines in fourth-quarter earnings and revenue.

China Aims to Prop Up Its Chip Makers

Related Link: 

As China tries to forestall foreign governments from tapping its phones, the country is investing growing amounts of money into domestic chip makers and tasking them with developing processors for “safe phones.”

Debt That Once Boosted Its Cities Now Burdens China

Related Link: 

Rampant borrowing by firms like Wuhan Urban, a local-government concern that funds development in dusty Wuhan city, is a big reason China’s debt load is expanding.

Hard Choices on Easy Money Lie Ahead for Fed Chief

Related Link: 

Janet Yellen’s job is about to get harder after a relatively easy first year as Federal Reserve chairwoman, as she looks to move past the preset course of winding down a bond-buying program and begin raising interest rates.

Closing an Airport Security Gap

Related Link: 

A trio of recent incidents is fueling new scrutiny of U.S. airport security procedures that allow nearly a million workers nationwide access to airport facilities without routine screening.

Strong Dollar Squeezes U.S. Firms

Related Link: 

The stronger dollar is slicing sales and profits at big American companies, prompting them to put renewed emphasis on cost cutting and cramping the broader U.S. economy.

American Airlines Lifted by Fuel Prices

Related Link: 

American Airlines, flush from buoyant full-year profits and looking ahead to even better performance in 2015, won’t alter its strategy as a result of sharply lower oil prices, its chief executive said.

Mitsubishi, Renault Scrap Car-Making Tie-Up

Related Link: 

Renault’s international expansion plans are encountering obstacles with a proposed joint-venture with Mitsubishi scrapped and its struggling business in Russia disclosing another round of layoffs.

Branch Cuts Make It Pain to Bank in Rural Spain

Related Link: 

Thousands of branch closures, aimed at cutting costs, have limited access to banking services in some parts of rural Spain.

Pfizer Sales Hit by Stronger Dollar

Related Link: 

Pfizer said a strong U.S. dollar and recent drug-patent losses contributed to a 52% drop in net income in the fourth quarter and would depress results this year. It also settled a securities lawsuit.

Syndicate content