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Sony Posts Hefty Loss, But Hope Glimmers

published about 1 hour ago
Sony Posts Hefty Loss, But Hope Glimmers
Sony posted a $1.2 billion loss after writing down the value of its struggling smartphone business, but strong PlayStation sales brightened up the quarter.

China Manufacturing Gauge Falls

published about 2 hours ago
China Manufacturing Gauge Falls
A key gauge of China’s manufacturing fell to a five-month low in October, official data showed Saturday, suggesting economic growth remains constrained.

Miner BHP Spurns Bigger Is Better

published about 3 hours ago
Miner BHP Spurns Bigger Is Better
BHP Billiton is the world’s largest mining company by market value with operations in 25 countries. So what’s one of the first things its chief executive advised his board when he joined: break it up.

Japan Takes Massive Stimulus Actions

published about 3 hours ago
Japan Takes Massive Stimulus Actions
Japan’s central bank and its main government pension fund said they would pump trillions more yen into the country’s sputtering economy, taking a risky new stimulus tack that jolted global markets.

Virgin Galactic Spaceship Crashes, Killing One

published about 3 hours ago
Virgin Galactic Spaceship Crashes, Killing One
A Virgin Galactic rocket ship that was supposed to take the first space tourists next year—starting with billionaire entrepreneur and company founder Richard Branson—exploded during a test flight, killing one pilot.