Wall Street Journal
Business Sours on Health Overhaul
Chances of business supporting the Obama administration's health overhaul are fading fast, after Senate Majority Leader Reid's bill took a liberal turn.
HealthPort IPO Postponed
The delay of the initial public offering of medical-record management company HealthPort, blamed on market conditions, highlights that investors still aren't swallowing every proposed deal.
Oprah Winfrey to End Show in 2011
Oprah Winfrey plans to end her syndicated TV show in September 2011, as she turns her efforts toward a new cable-TV channel she plans to launch with Discovery Communications.
Microsoft: Windows 7 Selling Well
Microsoft's Windows 7 has outsold by two times any previous version of the operating system in the same length of time, CEO Steve Ballmer said.
Dell Trails Peers in Recovery
Dell's profit dropped 54% despite recent signs of a tech recovery, raising questions about the PC maker's strategy of focusing on profitability at the expense of market share.
Alcoa to Idle Two Smelters in Italy, Cut Jobs
Alcoa said Thursday it will temporarily stop production at two aluminum smelters in Italy, cutting about 2,000 direct and indirect jobs, because of concerns about getting future power supply for the smelters at competitive rates following an EU decision.
Infineon Posts Profit on Rising Demand
The German semiconductor maker said it swung to a fiscal fourth-quarter net profit on growing demand for its logic chips.
Mitsubishi Chemical-Rayon Deal Forms Rival
Mitsubishi Chemical will acquire Rayon through a tender offer and stock swap, in a deal that could be worth more than $2 billion.
Blackstone Unit to Buy Birds Eye
Blackstone's Pinnacle Brands agreed to pay $1.3 billion to acquire Birds Eye, the latest sign that private-equity firms are re-entering the deals arena.
Retailers Slash Price on Palm's Pixi
Amazon.com and Wal-Mart Stores have slashed the price of Palm’s newest smart phone, the Pixi, by 75% to $24.99 after only a few days on the market.
Tyson Appoints New Leadership
Tyson Foods promoted Donnie Smith to CEO and Jim Lochner to chief operating officer as the meat processor moves to continue rebounding from demand problems.
Danone Sours on Outlook
Danone has cut its revenue outlook for the next three years as the French dairy company expects the economic slump to lead to a long-term change in consumer behavior.
John Paulson Bets on Gold
John Paulson, who scored about $20 billion of profits wagering against the housing market and financial companies, is launching a fund dedicated to bullion-related investments.
Goldman Names Managing Directors
Goldman Sachs said that 272 of its bankers have been offered managing-director positions that will be effective next year.
Better Paydays Ahead
Many employers are planning to reinstate merit increases in 2010. But some experts say base salaries are unlikely to return to pre-recession levels anytime soon.
Starwood to Relocate Its Headquarters to Connecticut
Starwood will move its corporate headquarters to Stamford, Conn., from New York's Westchester County, after receiving state government incentives worth as much as $89.5 million.
New York Landmark Burns Its Investors
The U.S. real estate arm of Africa Israel Investments has tentatively agreed with creditors to restructure its disastrous acquisition of the former New York Times headquarters in a deal that will wipe out $400 million in debt.
Lorillard Begins CEO Search
Lorillard has begun looking for a successor to CEO Martin L. Orlowsky, whose contract at the cigarette maker expires next year.
TNK-BP Selects Barsky as New CEO
In a widely-expected move, BP's Russian joint venture TNK-BP confirmed that it will appoint Maxim Barsky as its new Chief Executive.
Mediaset's Race With Sky Heats Up
Italy’s Mediaset will offer on-demand TV through a new digital terrestrial decoder, as it boosts its pay-TV offering in an increasingly competitive race with rival News Corp.’s Sky Italia.