Companies

What’s PayPal’s First Solo Move?

FILE - In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal is splitting from EBay Inc. and will become a separate and publicly traded company during the second half of 2015. (AP Photo/Manu Fernandez, File)
FILE - In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal is splitting from EBay Inc. and will become a separate and publicly traded company during the second half of 2015. (AP Photo/Manu Fernandez, File)

NEW YORK—PayPal’s impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the...

Companies

Johnson & Johnson Paying $1.75 Billion for Alios BioPharma Inc

NEW BRUNSWICK, N.J.—Johnson & Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion. Alios is a privately held company that focuses on developing therapies for viral diseases. The deal includes Alios’ portfolio of potential therapeutics for …... Read More




  • algreen Co.'s Q4 loss has not hurt its stock price. (AP Photo/Steven Senne)

    Walgreen Drug Stores Suffer 4Q Loss but Stock Rises

    DEERFIELD, Ill.—Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance-Boots acquisition, but the drugstore... Read more

  • Einstein Bros Owner Sells Bagel Chains for $364.5 Million

    LAKEWOOD, Colo.—The owner of Einstein Bros. Bagels and other, similar chains is being acquired by investment group JAB Holding for about $364.5 million. The Einstein... Read more

  • Workers talk during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. March 25, 2014. (AP Photo/Brennan Linsley)

    Encana Corp Paying $5.93 Billion for Athlon Energy

    NEW YORK—Oil and natural gas company Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping... Read more

  • Private Equity Firm Buying Tibco Software for $3.98 Billion

    NEW YORK—Tibco Software Inc. says it is selling itself to a private equity firm Vista Equity Partners for about $3.98 billion. The deal, which is... Read more

  • A brass sign reflects the daylight on the entrance to a Lloyd's Bank branch on September 17, 2013 in London, England. (Peter Macdiarmid/Getty Images)

    Lloyds Fires 8 Workers for Fixing Global Interest Rates

    LONDON—Lloyds Banking Group says it has dismissed eight members of staff following a scandal linked to the manipulation of a key global interest rate. The... Read more

  • A detail of rows of GoodYear tires are lined up in the garage during practice for the NASCAR Sprint Cup Series Advocare 500 at Atlanta Motor Speedway on Aug. 31, 2012, in Hampton, Georgia. (John Harrelson/Getty Images)

    Goodyear Aims to Use Rice Husk Byproduct in Tires

    CLEVELAND—One of the world’s biggest tire manufacturers is taking another step toward more environmentally friendly production by incorporating a byproduct created by the burning of... Read more

  • William H. Gross of PIMCO participates in a conference on the future of housing finance at the Treasury Department on August 17, 2010 in Washington, DC. (Mark Wilson/Getty Images)

    William Gross Leaving PIMCO for Janus Capital

    NEW YORK—The biggest star in the bond market shocked the financial world Friday by leaving the huge money management firm he has led for four... Read more

  • Visitors take pictures next to the Intel logo outside of the Intel headquarters on January 16, 2014 in Santa Clara, California. (Justin Sullivan/Getty Images)

    Intel Buying 20 Percent of Chinese Chipmaker for Better Mobile Market Share

    SANTA CLARA, Calif.—Intel will pay up to $1.5 billion for a 20 percent stake in a Chinese venture that will design and make Intel-branded chips... Read more

  • The new Airbus A320neo takes off for its first test flight at Toulouse-Blagnac airport, southwestern France, Thursday, Sept. 25, 2014. Airbus sent its new A320neo jet up for its first flight Thursday amid growing demand for the single-aisle plane, a more fuel-efficient version of Airbus popular A320 mid-range jets. The A320neo or “new engine option” incorporates an engine that uses less fuel and sharklet wing tips that also help deliver fuel savings. (AP Photo/Frederic Lancelot)

    More Economical Airbus A320neo Takes First Flight

    TOULOUSE, France— Airbus has sent its latest jet up for its first flight above the skies of southern France, amid high demand for the single-aisle... Read more

  • The new BlackBerry Passport device stands on display at its launch in Toronto on Sept. 24, 2014 (The Canadian Press/Chris Young)

    BlackBerry’s Passport Phone Targets Corporate World

    TORONTO—There’s one indisputable fact about BlackBerry’s new Passport smartphone: It’s different. At a time when so many new smartphones seem to look alike, the huge... Read more

  • A PayPal sign at the LeWeb expo in Paris, on Dec. 5, 2012. (Eric Piermont/AFP/Getty Images)

    PayPal to Cooperate With Bitcoin

    No, you won’t be able to select “pay with bitcoin,” when you pay for your next eBay item with PayPal. However, the announcement of electronic... Read more

  • A digital design of the Aerion AS2 supersonic jet. (Courtesy of Aerion Corp.)

    Supersonic Jet: Airbus to Help US Company Build One

    No matter whether you are flying business or economy, being stuck on a commercial airliner for half a day is a waste of time. The... Read more

  • A General Motors logo is shown at the General Motors Technical Center, on June 5, 2014, in Warren, Michigan. (Bill Pugliano/Getty Images)

    Treasury, Taxpayers Pay Big Raises for GM Executives

    WASHINGTON—The U.S. Treasury Department continued to approve “excessive” pay raises for top executives at General Motors and its former consumer finance arm, both of which... Read more

  • BlackBerry CEO John Chen shows off the company's new Passport device at a launch event in Toronto on Wednesday, Sept. 24, 2014. (AP Photo/The Canadian Press, Chris Young)

    Struggling BlackBerry Releases New Smartphone

    TORONTO—BlackBerry launched a new smartphone Wednesday as the embattled Canadian company hopes for a comeback. Chief executive John Chen unveiled a large-screen, square sized phone... Read more

  • Wal-Mart on Wednesday, Sept. 24, 2014 said it is launching a mobile checking account for its customers that will eliminate some of the fees charged by banks. (AP Photo/Damian Dovarganes, File)

    Wal-Mart Introduces Mobile Checking Account

    PASADENA, Calif.—Wal-Mart is introducing a mobile checking account for its customers that will eliminate the overdraft and bounced-check fees traditionally charged by banks. It is... Read more

  • FILE-  In this Wednesday Oct. 20, 2010 file photo, Britain's Tamara Mellon, co-founder of Jimmy Choo, displays her OBE, which was awarded by Britain's Queen Elizabeth II, at an investiture ceremony at Buckingham Palace, London. Luxury shoemaker Jimmy Choo has announced plans to list at least a quarter of its shares on the London Stock Exchange next month in Oct. 2014. The designer label, which recorded sales of 282 million pounds ($462 million) in 2013, said it is looking to expand in Asia and other new markets, and plans to open 10 to 15 stores per year. Malaysian-born designer Jimmy Choo and the brand's co-founder Tamara Mellon opened their first store in London in 1996. It is now owned by private investment firm JAB Luxury, which acquired it in 2011, and the label now has 120 stores worldwide. Peter Harf, non-executive chairman of Jimmy Choo, said in a statement Tuesday the company is "confident that shareholders can expect strong growth and cash flow in the years to come."  (AP Photo/Dominic Lipinski, Pool, file)

    Designer Shoemaker Jimmy Choo Listing Shares on London Stock Exchange

    LONDON— Luxury shoemaker Jimmy Choo has announced plans to list at least a quarter of its shares on the London Stock Exchange next month. The... Read more


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