Target's new CEO is a businessman who spent the last decade job-hopping across the divide between retailers and their suppliers. Now he will have to settle in and study up on areas where Target needs work.
Time Warner Cable's months-long standoff with other major pay-TV distributors over the Los Angeles Dodgers sports channel is likely to weigh on its financial results for the year, the cable operator said Thursday.
Argentina's default on $29 billion in debt brought a stock-market selloff and finger pointing by the Argentine government and creditors. But investors held out hope that a resolution to the crisis could be reached.
Alibaba Group Holding is backing another California startup, announcing a $120 million investment in gaming company Kabam Inc. and a partnership to publish and distribute its free-to-play mobile games.
The slow-moving mating dance between Sprint and T-Mobile US got a jolt when France's Iliad made a buyout offer for T-Mobile US, setting up a clash between two of the global telecom industry's brashest titans.
Siemens posted a rise in second-quarter profit, but the German engineering giant warned that its energy business remains a challenge and conflicts around the globe increasingly threaten its expansion plans.