Category > Business

Cirque du Soleil and Sands China End Contract
The Macau unit of Las Vegas Sands and Cirque du Soleil said they are putting an early end to a 10-year contract, showing the difficulty companies have faced trying to transform the gambling haven into a tourist destination like Las Vegas.
Source: Wall Street Journal

Glaxo Repatriates Euro-Zone Cash
Glaxo has been funneling cash back to the U.K. daily from banks in euro-zone countries as part of its strategy to reduce exposure to risks of a possible breakdown of the European monetary system.
Source: Wall Street Journal

Halliburton to Switch to the iPhone
Halliburton is trading its BlackBerrys for iPhones, marking an unusually large smartphone migration in the security-conscious corporate world.
Source: Wall Street Journal

Tussle in China Over iPad Name
Proview Technology (Shenzhen) has filed for a temporary restraining order in a Shanghai court to stop Apple from using the iPad name in mainland China.
Source: Wall Street Journal

Nabors Fmr. CEO Skips $100M
Nabors Industries former CEO Eugene Isenberg agreed to forego a $100 million severance payment from the company after pressure from shareholder activists. Isenberg, 81, agreed this week to waive the $100 million severance-style package that was in his employment contract. The figure was scaled back from an...
Source: ABC

Calif. Family Vows Not to Spend Money
Some have heard of ?frugal Fridays,? but the Dunning family in Davis, Calif., is practicing ?frugal February.? ?Since my pockets were empty, it was not a real hard decision to make,?  writer Bob Dunning said. The family of six has vowed not to do any discretionary spending...
Source: ABC

Jewel-Osco parent to cut 800 jobs in U.S.
Supervalu Inc. said Tuesday that it will lay off 800 workers in the U.S., including 20 at its Chicago-area corporate officeJewel-Osco parent Supervalu Inc. said Tuesday that it will lay off 800 workers in the U.S., including 20 at its Chicago-area headquarters.
Source: Chicago Tribune

Wal-Mart to Expand in Canada
Wal-Mart will spend about $753 million to expand its presence in Canada ahead of the opening of rival Target's first stores in the country early next year.
Source: Wall Street Journal

McClatchy Profit Rises
McClatchy's fourth-quarter earnings nearly tripled as cost cutting at the newspaper publishing company helped to mitigate declining advertising and circulation revenue.
Source: Wall Street Journal

Judge Rules for FDA in Generic Lovenox Case
A federal judge ruled that the FDA didn't exceed its authority when it approved a generic version of the Sanofi's blood thinner Lovenox.
Source: Wall Street Journal