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In The News |
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WSJ.com: US Business
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US Business
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Facebook Slides Amid Roadshow Questions
Analysts for at least two of Facebook's lead underwriters revised their financial forecasts for the company while it was holding IPO roadshow meetings with investors.
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Best Buy's Profit Falls
Electronics retailer Best Buy posted a 25% drop in quarterly earnings that reflected restructuring costs and weak sales.
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Nissan Gains Ground in China
Nissan said it expects to get approval within a month from China to make luxury Infiniti cars in the country, as the auto maker seeks to localize production to contend with the strong yen.
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General Mills to Restructure, Cut Jobs
General Mills unveiled restructuring plans aimed at improving productivity and cutting costs, moves that are expected to reduce its global workforce by about 850 positions.
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Google Completes Motorola Acquisition
Google completed its $12.5 billion acquisition of Motorola Mobility and named a new executive to lead the handset maker.
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Blackstone Moves Into Motel 6
Blackstone is acquiring discount lodging chain Motel 6 in a deal valued at $1.9 billion, as the private-equity firm continues to invest aggressively in real estate.
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Benihana Agrees to $296 Million Buyout
Restaurant operator Benihana agreed to be acquired by investment firm Angelo Gordon for about $296 million.
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Sony Is Optimistic on India
Sony's India unit said it expects a 30% rise in sales this fiscal year, a strong indication that the country represents one of few bright spots in the Japanese electronics company's otherwise challenging global outlook.
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Private Spacecraft Heads for Station
The first private spacecraft aiming to dock with the international space station blasted off from Florida, but the biggest tests for the mission lie ahead.
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AOL'S Patch to Trim Staff
AOL's Patch.com is laying off about 20 people, as the local-news network continues to draw fire from dissident investor Starboard Value.
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Irvin Christian 