Firm Management

Microsoft lays off 2,100, axes Silicon Valley research

Microsoft Corp (MSFT.O) will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.


JetBlue names former British Airways exec CEO, shares rise

JetBlue Airways (JBLU.O) on Thursday named Robin Hayes, its current president and a former British Airways executive, to succeed Dave Barger as chief executive, sending the airline's shares up in after-market trading.

Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

Larry Ellison, co-founder and leader of Oracle Corp (ORCL.N) for almost four decades, stepped aside as chief executive on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, but stressed that nothing at the business software company will change.

Stocks end higher on bet Fed won't change rate stance

Stock markets around the world rose on Tuesday, ending near session highs as investors bet that the U.S. Federal Reserve wouldn't adjust its guidance about how soon it would raise interest rates.


Latest News

Two prominent U.S. hospitals are preparing to launch trials with diabetics and chronic disease patients using Apple Inc's (AAPL.O) HealthKit, offering a glimpse of how the iPhone maker's ambitious take on healthcare will work in practice.
BlackRock Inc, the world's largest asset manager, has asked regulators to force exchanges to lower their access fees and require greater transparency of broker dealer-run trading venues known as "dark pools."
Brent crude fell below $97 per barrel on Monday, its lowest level in more than two years, as weak Chinese economic data cut the prospect for demand at a time of abundant supply, while expectations that the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.
European stock markets rode out a rough morning to move higher on Monday, recovering some poise at the start of a week likely to be dominated by a meeting of the U.S. Federal Reserve and Scotland's vote on whether to leave the United Kingdom.
Stock investors who recognize the risks of trading in anonymous "dark pools" but are unwilling to spurn them have found an alternative: club together.
Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
A chance to buy the candy empire of Ukrainian President Petro Poroshenko is the kind of opportunity in a fast-growing market that would normally have multinational confectioners - like Nestle or Cadbury's parent Mondelez - drooling at the prospect.
Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain's biggest retailer - its high prices.
Workers at a Lear Corp plant in Indiana that makes parts for Ford Motor Co went on strike Saturday, according to the Chicago Tribune.
The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
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