Nokia and Apple Move From Courtroom Foes to Business Partners
Continue Reading Below
Nokia and Apple have settled long-running intellectual property disputes and agreed to a multiyear patent license, moving from courtroom foes to business partners.
China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate
China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.
Ford Replaces CEO Amid Pressure on Profit, Share Price
Ford is replacing CEO Mark Fields with Jim Hackett, who heads its innovation unit. The company has been considering leadership changes amid dissatisfaction with the stock price and a drive to clarify strategy.
Continue Reading Below
Ford Looks to New CEO Jim Hackett For 'Tech-Savvy Energy'
Jim Hackett likes to talk about "design thinking" and "fitness of use." His test now as new Ford CEO is to translate those catch phrases into meaningful change at the auto giant.
Brazilian Meatpacker JBS Shares Fall 30% Amid Insider-Trading Accusations
Shares of Brazilian meatpacker JBS plunged more than 30%, costing the company about $2 billion, after President Michel Temer accused its owners of insider trading as part of a bitter battle over the country's corruption scandal.
Maxus Energy Wins Court Approval of Chapter 11 Plan
Maxus Energy Corp. won confirmation Monday of a chapter 11 liquidation plan that spells out how its assets will be used to address New Jersey's contaminated Passaic River.
Another Gloomy Day for Amgen
Nothing is going right for Amgen these days. It now says its experimental osteoporosis treatment, Evenity, is unlikely to win approval from the Food and Drug Administration this year.
CBS Extends Leslie Moonves's Contract Through 2021
CBS said it reached a two-year contract extension with Chief Executive Leslie Moonves, who is now expected to stay with the media company through June 30, 2021
Amid Slide in DVD Sales, Redbox to Rent Some Movies Sooner
Redbox got a boost in its efforts to compete with digital outlets Monday as Hollywood's largest studio agreed to make its movie discs available earlier in the company's movie-rental kiosks.
Remember 'Avatar'? Disney Hopes So With $500 Million Bet on Theme Park
Disney is betting the most successful movie ever will prolong a hot streak for its theme parks. But will tourists flock to a place inspired by an eight-year-old film?
(END) Dow Jones Newswires
May 23, 2017 05:15 ET (09:15 GMT)