Business

Rising Stars Make Adidas More American, Less Soccer-Mad

A new generation of more international Adidas executives is trying to loosen a hierarchical structure that has held back creativity at the venerable German sports brand as it tries to retaliate against Nike (NKE.N). But that is a tall order...

Alibaba Singles’ Day Sales Break Past $8 Billion

E-commerce giant Alibaba's Singles' Day sales broke through the $8 billion mark late on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar. The live sales figure on Alibaba Group...

Wall Street Edges Up; Dow, S&P Hit Fresh Records

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U.S. stocks were little changed on Tuesday, as investors paused after a strong rally, but the Dow and S&P 500 managed to edge up to set fresh intraday records for a fifth straight session. On Monday, the benchmark S&P index...

Exclusive: Apple’s Enterprise Assault Gets Into Higher Gear

Apple Inc (AAPL.O) is embarking on its most aggressive expansion yet onto corporate turf, hiring a dedicated sales force to talk with potential clients like Citigroup Inc (C.N) and working in concert with a dozen or so developers, two...

Falling Oil Prices: President Jonathan Urges Producing Nations To Restrategise

SAN FRANCISCO, November 10, (THEWILL) – President Goodluck Jonathan said Monday in Abuja that oil producing countries must cooperate more and work together to overcome the current challenge of falling crude oil prices. Speaking at an audience with Angola’s new...

Landmark Hong Kong-China Stock Trading Scheme To Start Nov. 17

A long-awaited trading link between Hong Kong and Shanghai will launch on Nov. 17, a crucial step towards opening China's capital markets that will give foreign and Chinese individual investors unprecedented access to each others' stock exchanges. The announcement by...

BlackBerry CEO Sees Fewer New Devices, Focus On Profitability

BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said. John Chen, who took the...

Chevron Has Yet To Finish Romania Shale Gas Assessment

U.S. energy major Chevron (CVX.N) has yet to complete an assessment of Romania's natural gas potential from shale, it said, one day after the country's prime minister said "it looks like we fought very hard for something that we...

Flight MH17: Nine Crash Victims Still Unaccounted For

Nine of the 298 victims of July's MH17 crash in eastern Ukraine are still unaccounted for, Dutch Foreign Minister Bert Koenders has said. He was speaking after a ceremony in Kharkiv as another five coffins with remains were flown to...

Betting The Bank: The Albanian Gambler Who Robbed The National Vault

In the end, it wasn't the security cameras or the audit inspections in the vault of Albania's central bank that brought down Ardian Bitraj. It was the high blood pressure and lack of sleep, the burden of a multi-million-dollar secret. Sitting...