(MCT) – The smartphone business has generated staggering wealth for companies such as Apple Inc. and triggered a recent scramble by Hewlett-Packard Co. and Intel Corp. to try for a piece of the action.
(MCT) – Toyota Motor Corp. has agreed to pay a $1.2 billion fine to settle a four-year federal criminal investigation into whether it properly reported safety complaints about the sudden acceleration of its vehicles to regulators.
SEATTLE (MCT) – Amazon.com Inc. followed through on plans announced in January to increase the fee customers pay for its Prime subscription service, raising the annual membership by $20, to $99 a year.
(MCT) – Radio Shack announced Monday that it will close 1,100 of its underperforming stores after the electronics retailer said holiday sales last year "were driven by lower store traffic, intense promotional activity particularly in consumer electronics and a very soft mobility marketplace."
Cracker Barrel Old County Store Inc. President and CEO Sandra Cochran sent a message to shareholders Tuesday, informing them of a special meeting initiated by Sardar Biglari and asking them to reject the largest shareholder’s latest advances to gain control.
Sony Corp., a struggling electronics maker trying to regain its once stalwart status, is undertaking a major restructuring that includes the sale of its PC division, a spinoff of its TV business and layoffs of thousands of employees.
Google Inc. cleared out a key antitrust case, among other battles it faces, by agreeing to terms with European officials over allegations that the Internet giant abused its search-engine dominance to promote its own services over those of competitors.