The Federal Communications Commission’s biggest ever auction of wireless spectrum closed Thursday and raised a record $44.9 billion, a sign of the growing cost of supporting Americans’ smartphone habit.
ConocoPhillips announced plans Thursday to pare its capital budget by another 15% as the exploration and production company swung to a loss in its fourth quarter amid tumbling crude oil prices.
Restaurant chain Shake Shack Inc., known for its burgers and crinkle-cut fries, priced its initial public offering above expectations at $21 apiece late Thursday.
Alexion Pharmaceuticals Inc. said Thursday that its No. 2 executive would take over as chief executive of the rare-disease drug developer.
An upstart online seller of Chinese construction equipment has filed an antitrust lawsuit against Caterpillar Inc. and three other companies, accusing them of conspiring to thwart the new venture.
Canada’s broadcast regulator said it will lift a rule that effectively prevents Canadians from seeing American Super Bowl ads during the game. But the change won’t occur until 2017
Biogen Idec said its fourth-quarter profit nearly doubled, as its portfolio of multiple sclerosis treatments drove a 34% growth in revenue.
Canadian Oil Sands Ltd. said it would further slash its dividend and speed up cost-cutting efforts in response to the sharp drop in oil prices.
Riverbed Technology’s fourth-quarter profit soared on the sale of its SteelStore product line to NetApp Inc.
Broadcom Corp. said fourth-quarter earnings surged thanks to continued growth in the chip maker’s broadband and connectivity business, as well as lower costs.