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Financial News from Fortune

  • Google launches "right to be forgotten" service in Europe @ Fortune - Fri, May 30, 2014 8:13 PM EDT

    FORTUNE -- In an unprecedented move, Google (GOOG) launched a service earlier this week that allows European citizens to request personal data be removed from Internet search results. The move follows ...

  • Facebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from previous gift to Newark, N.J. schools. FORTUNE -- Facebook CEO Mark Zuckerberg and his wife, Dr. Priscilla ...

  • Web browsers aren't fun anymore @ Fortune - Fri, May 30, 2014 3:22 PM EDT

    FORTUNE -- Many years ago, when I first getting acclimated to the Internet, I only used the browsers included with the operating system. I had no idea of the world that existed outside of Internet Explorer ...

  • The all-time most popular stories are... @ Fortune - Fri, May 30, 2014 3:07 PM EDT

    FORTUNE -- Welcome to my final blog post on Postcards. I'm not going away. I'm inviting you to come with me to the new Fortune.com, which launches Monday, along with the release of the 2014 Fortune 500. ...

  • Four ways to get employees to save for retirement @ Fortune - Fri, May 30, 2014 2:27 PM EDT

    By Jean Chatzky FORTUNE – Last year, The New York Times ran a story about how teenagers were showing a surprising new reluctance to drive. That set us talking in my house. Both my husband and I recalled ...

  • The next big tech hub is in... Miami? @ Fortune - Fri, May 30, 2014 12:52 PM EDT

    FORTUNE -- When you think Miami, you probably think of sunny, hot weather and poolside parties. But the southern Florida city is now trying to make a different name for itself as a booming hub for technological ...

  • Four ways Apple could have the "best" product pipeline ever @ Fortune - Fri, May 30, 2014 12:52 PM EDT

    FORTUNE -- With over 15 years of hit products under Apple's belt, it's a bold statement indeed when one of it executives promises "the best product pipeline" is still to come. But that's exactly ...

  • Did Apple save Dr. Dre and Jimmy Iovine just in time? @ Fortune - Fri, May 30, 2014 12:13 PM EDT

    "By 2013 Beats Electronics was a distressed business by any standard." -- PrivCo's Sam Hamadah. FORTUNE --When word spread that Apple (AAPL) was preparing to spend $3 billion to buy Dr. Dre and ...

  • Siemens to cut 11,600 jobs, CEO says @ Fortune - Fri, May 30, 2014 11:24 AM EDT

    German engineering giant Siemens AG (SIEGY) will cut around 11,600 jobs, or 3% of its workforce, as part of a global drive to slim down its sprawling empire of businesses, Bloomberg reported chief executive ...

  • In the fight over ebook pricing, why Amazon is not the bully @ Fortune - Fri, May 30, 2014 10:25 AM EDT

    Amazon should be viewed as a fierce competitor in its dispute with publisher Hachette. By Len Sherman FORTUNE – As a fight over ebook pricing intensifies between French book publisher Hachette and online ...

  • Stay humble. Shun foolish. @ Fortune - Fri, May 30, 2014 10:20 AM EDT

    FORTUNE -- My first post this week from the Code Conference, the re-named tech-industry shindig hosted by Kara Swisher and Walt Mossberg in California, was about the truth. My final update is about humility. ...

  • 'Madden' is no longer the only football video game in town @ Fortune - Fri, May 30, 2014 9:15 AM EDT

    By John Gaudiosi FORTUNE -- After watching the success that independent developer Imangi Studios has had with its Temple Run franchise, which has been downloaded over 170 million times across mobile devices, ...

  • What McDonald's owes its workers @ Fortune - Fri, May 30, 2014 5:04 AM EDT

    FORTUNE -- At the McDonald's annual shareholder meeting on May 22, CEO Don Thompson claimed that his company "has a heritage of providing job opportunities that lead to 'real careers.'" It's ...

  • Google CEO yields to European privacy ruling @ Fortune - Fri, May 30, 2014 4:08 AM EDT

    FORTUNE -- Google Inc's (GOOG) chief executive Larry Page softened his tone in the company's dispute with Europe over privacy rights, saying the company needs to engage more with Europe and be more sensitive ...

  • U.S. prosecutors investigating 15 banks and payment processors @ Fortune - Thu, May 29, 2014 8:27 PM EDT

    FORTUNE -- U.S. prosecutors are investigating at least 15 banks and payment processors for facilitating illegal transactions, continuing a crack down on suspected lax customer oversight by financial institutions. ...

  • FORTUNE -- YouTube has launched the latest challenge to Internet service providers by rating their performance in different cities. The Google (GOOG) unit revealed its "Video Quality Report" ...

  • Salesforce and Microsoft in warm embrace. Really. @ Fortune - Thu, May 29, 2014 6:21 PM EDT

    Marc Benioff, the voluble CEO of Salesforce, has never been shy about taking potshots at Microsoft. To wit: at TechCrunch Disrupt in September he called the company a "complete disaster" and ...

  • Potential Clippers bidding war emerges between billionaires @ Fortune - Thu, May 29, 2014 4:56 PM EDT

    FORTUNE -- Steve Ballmer. Larry Ellison. Oprah Winfrey. David Geffen. These billionaires have something else in common besides a cumulative net worth to make anyone jealous. All have reportedly submitted ...

  • Pennsylvania pension explains its unexpected disclosure @ Fortune - Thu, May 29, 2014 4:06 PM EDT

    FORTUNE -- Financial blog Naked Capitalism recently published a dozen limited partnership agreements for private equity funds that had received investments from the Pennsylvania Public School Employees' ...

  • Why Google voluntarily released dismal diversity numbers @ Fortune - Thu, May 29, 2014 4:00 PM EDT

    By proactively releasing the data themselves, as opposed to reacting to negative media attention, Google executives are trying to demonstrate control of the issue. FORTUNE – It's not often that a Fortune ...

  • The quotations of Jimmy Iovine @ Fortune - Thu, May 29, 2014 4:00 PM EDT

    FORTUNE -- Eddy Cue's boast that Apple (AAPL) later this year will have "the best product pipeline" he's seen in 25 years is getting a lot of attention. But for my money the star of Wednesday's ...

  • Signet and Zale tie the knot, create mall-based jewelry giant @ Fortune - Thu, May 29, 2014 3:20 PM EDT

    Two largest U.S. mid-tier jewelers now part of same company. By Phil Wahba FORTUNE -- After a three-month engagement, it's official: Signet Jewelers (SIG) and Zale (ZLC) got hitched on Thursday in a $690 ...

  • Ford recalls nearly 1.4 million vehicles @ Fortune - Thu, May 29, 2014 3:15 PM EDT

    FORTUNE -- Continuing what has been a year heavy in American auto recalls, Ford Motor Company (F) on Thursday issued four separate vehicle recalls that cover almost 1.4 million automobiles, according to ...

  • Takeover in aisle four: The battle for Hillshire @ Fortune - Thu, May 29, 2014 1:30 PM EDT

    FORTUNE -- The escalating takeover battle for Hillshire Brands Co. (HSH), known for its iconic Jimmy Dean and Hillshire Farms brands, centers around two protein producers looking to sell more name-brand ...

  • BP appeals to Supreme Court over 'scattered' compensation claims @ Fortune - Thu, May 29, 2014 1:20 PM EDT

    FORTUNE -- BP (BP) has asked the U.S. Supreme Court to recall a New Orleans federal court's decision to lift an injunction that halted BP's payments to businesses seeking loss claims related to the 2012 ...

  • The latest from Groupon: A tablet for retailers @ Fortune - Thu, May 29, 2014 12:14 PM EDT

    FORTUNE -- You could argue there's no company better than Groupon (GRPN) at helping small, local merchants get new customers to walk through the front door. With its latest brand extension -- a tablet ...

  • Abercrombie stands out by shrinking less than peers @ Fortune - Thu, May 29, 2014 11:44 AM EDT

    By John Kell and Phil Wahba FORTUNE--Abercrombie & Fitch Co (ANF) managed to be the star pupil in the teen retailer set with sales that are shrinking much less than those of its beleaguered rivals, helped ...

  • Why investors should be cautious about India @ Fortune - Thu, May 29, 2014 10:39 AM EDT

    By Sanjay Sanghoee FORTUNE – Markets around the world rallied recently on Narendra Modi's historic win as India's new prime minister. Foreign investors are hopeful he will turn the economy around and have ...

  • Apple's Cue hints at major product announcements @ Fortune - Thu, May 29, 2014 10:39 AM EDT

    FORTUNE -- The news of the day on Wednesday was Apple's $3 billion deal to buy the music and electronics company Beats. But the comment of the day was a seemingly off-the-cuff remark by Apple (AAPL) executive ...

  • At private equity firms, controversial fees are growing @ Fortune - Thu, May 29, 2014 10:19 AM EDT

    FORTUNE -- Private equity firms may soon have to open up about the fees they charge. The Securities and Exchange Commission is looking into whether these firms -- which manage funds that buy and sell companies ...

  • Dish Network: The largest company to accept bitcoin @ Fortune - Thu, May 29, 2014 9:14 AM EDT

    FORTUNE -- Dish Network (DISH) is the latest company to accept Bitcoin as payment. The satellite-TV company with more than 14 million cusotmers will become the largest company to accept the digital currency ...

  • Tyson makes rival bid to acquire Hillshire Brands @ Fortune - Thu, May 29, 2014 9:08 AM EDT

    FORTUNE -- Tyson Foods Inc. (TSN) unveiled a roughly $6.13 billion bid to acquire The Hillshire Brands Co. (HSH), a bid that exceeds an offer by rival Pilgrim's Pride Corp. (PPC) in an escalating battle ...

  • Amsurg agrees to pay $2.35 billion for Sheridan Healthcare @ Fortune - Thu, May 29, 2014 8:58 AM EDT

    FORTUNE -- Amsurg Corp. (AMSG) agreed to pay about $2.35 billion to acquire private-equity backed Sheridan Healthcare, as the operator of ambulatory surgery centers aims to expand into physician services. ...

  • Lessons from the world's most successful people @ Fortune - Thu, May 29, 2014 8:33 AM EDT

    The best career advice is universal. It applies to a CEO of a Fortune 500 company and to a kid aspiring to make it through college. I tried to keep this in mind last week when I spoke at Allentown Central ...

  • Sprint boss makes case for a T-Mobile deal @ Fortune - Thu, May 29, 2014 8:13 AM EDT

    FORTUNE -- Masayoshi Son, chairman of the Japanese firm that controls telecom company Sprint Corp. (S), has made the argument that his firm's potential purchase of rival T-Mobile US Inc. (TMUS) would actually ...

  • The Apple-Beats deal: What the analysts are saying now @ Fortune - Thu, May 29, 2014 8:02 AM EDT

    FORTUNE -- What a difference three weeks can make. Analysts who "struggled to see the rational" behind Apple's (AAPL) acquisition of Beats when it was a $3.2 billion rumor now think it's a pretty ...

  • Costco's quarterly profit rises on higher sales in U.S., abroad @ Fortune - Thu, May 29, 2014 7:52 AM EDT

    FORTUNE -- Costco Wholesale Corp. (COST) posted a 3.1% increase in fiscal third-quarter earnings as the discount-wholesale retailer reported higher sales in the U.S. and in markets abroad. Though Costco's ...

  • The most disliked car of the year (so far): 2014 Cadillac ELR @ Fortune - Thu, May 29, 2014 5:07 AM EDT

    By Alex Taylor III, senior editor-at-large FORTUNE -- General Motors (GM) has far more pressing issues to deal with -- recalls, lawsuits, and congressional investigations, to name just three. But some ...

  • Apple's $3 billion Beats purchase: What they're saying @ Fortune - Wed, May 28, 2014 9:26 PM EDT

    FORTUNE -- We heard the rumors three weeks ago, but now it's official: Apple is buying music headphone maker Beats for $3 billion. "I've always known in my heart that Beats belonged with Apple," ...

  • Amazon and Hachette battle on over book deal and shipping delays @ Fortune - Wed, May 28, 2014 8:16 PM EDT

    FORTUNE -- The feud between Amazon and Hatchette publishing has extended into another week with Hachette throwing the latest barbs at the online retail giant for delaying shipments of its books. On Wednesday, ...

  • Google owns up to lack of diversity @ Fortune - Wed, May 28, 2014 8:00 PM EDT

    FORTUNE -- Google (GOOG) has released its own workplace diversity statistics for the first time, and the results aren't pretty. In a Wednesday blog post titled "Getting to work on diversity at Google," ...

  • FORTUNE--Worldwide tablet shipments dropped 4.6% in the first quarter from a year ago, according to NPD DisplaySearch, though the report's author says that pocket of the tech sector see improved profits ...

  • Apple confirms Beats deal. Why now? Why $3 billion? @ Fortune - Wed, May 28, 2014 5:37 PM EDT

    "I've always known in my heart that Beats belonged with Apple," says Jimmy Iovine. FORTUNE -- After three weeks of speculation, bloviation and YouTube victory dances, Apple (AAPL) on Wednesday ...

  • Apple officially buying Beats for $3 billion @ Fortune - Wed, May 28, 2014 5:24 PM EDT

    Deal includes $2.6 billion in cash and $400 million in equity for music headphone maker and streaming service. FORTUNE -- After weeks of speculation and a slimmed-down offer price, Apple (AAPL) is officially ...

  • Walmart CEO promises more e-commerce acquisitions @ Fortune - Wed, May 28, 2014 4:53 PM EDT

    New CEO McMillan says 3-D printing and wearable tech are also areas of interest. FORTUNE -- Doug McMillon has only been CEO at Walmart (WMT) since February, but he already has his sights trained on digital ...

  • Target pins e-commerce hopes on tech dream team @ Fortune - Wed, May 28, 2014 3:59 PM EDT

    Retailer taps digital council featuring talent from Google, Match and Bain Capital. By Phil Wahba FORTUNE -- Target has created a digital advisory council made up of 4 outside tech leaders with one goal: ...

  • BP must resume Deepwater Horizon compensation payments @ Fortune - Wed, May 28, 2014 3:29 PM EDT

    FORTUNE -- It's time for BP (BP) to begin paying damage claims four years after one of the biggest oil spills in U.S. history. As the oil company seeks to appear before the U.S. Supreme Court over payments ...

  • Google's driverless car: Leaving automakers in the dust? @ Fortune - Wed, May 28, 2014 3:09 PM EDT

    By Doron Levin FORTUNE -- Google pushed the commercialization of self-driving cars a giant step forward by announcing it is building a prototype vehicle – without steering wheel, brakes, or an accelerator ...

  • Exclusive: NEA's Patrick Chung to join Xfund fulltime @ Fortune - Wed, May 28, 2014 2:59 PM EDT

    FORTUNE -- Patrick Chung is in the process of moving on from New Enterprise Associates (NEA), the venture capital firm where he has been a Silicon Valley-based partner since 2005, Fortune has learned. ...

  • Amazon isn't -- and likely never will be -- a monopoly @ Fortune - Wed, May 28, 2014 2:54 PM EDT

    FORTUNE -- Authors and journalists might not be the wealthiest or most powerful cross-section of society, but when you anger them, you tend to get a lot of bad press. Amazon (AMZN) is finding this out ...

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