The nation’s largest bank by assets is hoping to save tens of millions of dollars by eliminating support for BlackBerry wireless devices next year and mandating that some employees pay for their own devices.
The U.S.-based economist Angus Deaton won the 2015 Nobel Prize in economics for his analysis of consumption, poverty and welfare.
Law-enforcement officials are running up against a new hurdle in their investigations: the encrypted smartphone.
The main fund at Astenbeck Capital Management lost 7% in September, leaving it down 20% for 2015 as of Oct. 1 and on track for its worst year since its inception in 2008.
Magazine publishers say it is an offer advertisers can’t refuse. Their money back—or free ad pages—if sales don’t increase after running print ads in their publications.
Fortress Investment Group LLC plans to close its flagship macro hedge fund after heavy losses and investor withdrawals, and Michael Novogratz, who runs the fund, is expected to leave the firm.
Alibaba is trying to improve its communication with investors, but failing to take some obvious steps to become more transparent.
Companies like BuzzFeed, Vice Media and Huffington Post are known as “new-media” specialists. Now, they’re venturing aggressively into a decidedly old-media stronghold: television.
Home builders this year have booked their strongest sales since the recession. A shortage of construction workers, however, is making it tough for them to deliver all those new homes on time.
Eli Lilly is ending development of its experimental cholesterol-modifying drug for cardiovascular disease because the treatment wasn’t effective enough in a clinical trial.