In a move to support oil prices, Saudi Arabia said Thursday it would extend its decision to cut oil production by one million barrels a day for another month, to […]
Steve Jobs’s Son Gets Into Venture Capital
A new firm focused on cancer treatments Reed Jobs is stepping into the spotlight: The 31-year-old son of Steve Jobs and Laurene Powell Jobs is starting a venture capital firm […]
Here’s What to Watch at the Fed’s July Meeting
The Federal Reserve is widely expected to raise interest rates at its meeting on Wednesday, and economists will be watching for hints at what officials expect next — and how […]
Kroger, Albertsons CEOs give details on proposed $25 billion merger
Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran pledged to lower prices, pay employees’ retirement pension funds, respect their union contracts and not to lay off frontline associates if […]
How a Drug Maker Profited by Slow-Walking a Promising H.I.V. Therapy
In 2004, Gilead Sciences decided to stop pursuing a new H.I.V. drug. The public explanation was that it wasn’t sufficiently different from an existing treatment to warrant further development. In […]
ESPN Is Said to Talk With Leagues About Taking Stake in Network
ESPN has held talks with some of the most powerful leagues in professional sports, including the National Football League, the National Basketball Association and Major League Baseball, about taking a […]
Luxury Goods Maker Kering Under Pressure After Executive Shake-Up
Kering, the French luxury goods company that owns brands like Balenciaga, Alexander McQueen and Yves Saint Laurent, surprised the fashion industry this week when it announced a sweeping reorganization of […]
Could the Recession in the Distance Be Just a Mirage?
The recession was supposed to have begun by now. Last year, as policymakers relentlessly raised interest rates to combat the fastest inflation in decades, forecasters began talking as though a […]
Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Carvana, the troubled used-car retailer, on Wednesday announced that it had reached a debt restructuring agreement with most of its bondholders in an effort to lower interest payments over at […]
U.K. Inflation Rate Slows to 7.9 Percent, as Price Pressures Ease
The News Consumer prices in Britain rose 7.9 percent in June from a year ago, the Office for National Statistics said on Wednesday, the slowest pace of inflation in more […]