Sony pledged to return its money-losing smartphone unit to profitability over the next year even if it means drastically lower sales.
Volkswagen is taking market share from other foreign auto makers in China’s relatively wealthy southern region.
TiVo reported growth in services and technology revenue at the upper end of expectations as the digital video recorder pioneer continued to add subscribers.
Some of the world’s riskiest government borrowers are embarking on a last minute debt-raising spree before the markets shut for the winter break.
Developers are planning new Manhattan office buildings at the fastest rate in two decades despite sluggish demand for space, a gamble that tenants will favor gleaming new skyscrapers.
The rebound in the U.S. commercial mortgage-backed securities market appears to be spreading across the pond.
Time Warner’s HBO signed a deal with Tencent Holdings to distribute its TV dramas and movies through the Chinese Internet giant’s online video site.
H-P said its profit fell 5.9% for the October quarter on another period of lower revenue as the computer maker continues to show the frailties that prompted its plan to split in two.
Music-streaming company Spotify said revenue rose 74% last year, but added that it remains far from profitable. Expansion efforts weighed on profit.
Dreamjet, which started flying in July between Paris and Newark, N.J., under the brand name La Compagnie, plans to bring its aggressively priced business-class fares to the New York-London route.