Sharp Shakes Up Management After Record Loss by The Associated Press May 14th 2013 6:54AM Japanese electronics-maker Sharp named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.
Jamie Dimon to JPMorgan: You Need Me More Than I Need You by DailyFinance Staff May 13th 2013 9:25AM The Wall Street Journal reports JPMorgan CEO and Chairman Jamie Dimon has threatened to leave the company if shareholders vote the split up his two positions.
Virgin America Posts Yearly Loss; Eyes Possible IPO by The Associated Press May 13th 2013 7:30AM Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
5 Winners and Losers of the Week in Business by Rick Aristotle Munarriz May 10th 2013 6:00PM AP Companies can make brilliant moves, but there are also times when things don't work out quite as planned. From an electric car maker exploring self-driving cars to a cable...
Panasonic Reports Big Yearly Loss but Forecasts Profit by The Associated Press May 10th 2013 6:44AM Panasonic forecast its operating profit will rise 55 percent in the year ending March 31 as it steps back from struggling operations in TVs and other consumer gadgets.
Fannie Mae Posts Record $60B Quarterly Profit by The Associated Press May 10th 2013 6:13AM Mortgage-backer Fannie Mae will pay a dividend of $59.4 billion to the U.S. Treasury next month, a feat thought unthinkable just a few years ago following a federal bailout.
News Corp Beats the Street, Plans a Spin-Off by DailyFinance Staff May 9th 2013 9:25AM News Corp posted higher earnings, led by strong growth at its Fox television division. The company is spinning off its publishing unit, including The Wall Street Journal.
News Corp Results Beat Estimates, Spin-Off On Track by Reuters May 9th 2013 9:10AM Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks. It plans to spin-off its publishing business.
