Even if Sears's asset sales go as planned, analysts say, it could come up short by the end of 2016.
Alibaba's shares priced Thursday at $68, at the high end of expectations, in what is one of the world's largest initial public offerings ever.
Faced with deep losses in its electronics business, Sony intends to develop a service to stream videogames onto smartphones, tablets and other devices from a range of manufacturers.
Power-sharing arrangements like the one at Oracle often spell trouble. Safra Catz and Mark Hurd were named co-chiefs Thursday as Larry Ellison stepped aside.
Russian brewer Oasis Beverages and TSG Consumer Partners are partnering to buy Pabst Brewing, according to people familiar with the matter.
Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.
Apple Inc. began sales of its newest iPhones Friday with consumers in Australia becoming the first globally to get their hands on them.
LightSquared blew through $81.4 million in August, and Philip Falcone's wireless venture has now lost $1.6 billion since it filed for bankruptcy protection in May 2012.
The European Central Bank's first offering of cheap, four-year loans to eurozone banks failed to generate as much interest as expected.
A yearslong probe of Goldman Sachs Group's ties to Libya's sovereign-wealth fund is focusing on an internship and other perks allegedly offered by the Wall Street bank to win business from the Gadhafi regime.