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In a sign that the global economy is catching up with Germany, Siemens said that it would cut 16,750 jobs across its operations as it struggles to bolster profits.
Read Siemens to Cut 4% of Work Force (Links)
Depositors of IndyMac were rushing to withdraw cash on Tuesday after a prominent senator questioned the mortgage lender?s ability to survive the housing crisis.
Read Mortgage Lender Faces Rush to Withdraw (Links)
The Pepsi Bottling Group posted better-than-expected quarterly profit on Tuesday as a result of price increases and cost-cutting, but trimmed its full-year outlook for revenue and operating profit.
Read Pepsi Bottling Cuts Full-Year Outlook (Links)
The Metro Theater, a landmark 1930s Art Deco movie theater on the Upper West Side, is for sale ... and for lease.
Read A Landmark Theater in Need of a Sequel (Links)
A leading forecaster of advertising spending has again cut his prediction for growth this year amid weakness in the U.S. economy and difficulties among media like newspapers and radio.
Read Advertising: Ad Spending Forecast Lowered Again (Links)
Developers? plans to transform the area?s skyline with new spaces for residential and office use cause existing tenants to fear they will be priced out.
Read Diamond District Tenants Worry About Spate of Building Deals (Links)
The Wall Street Journal?s personal technology columnist Walt Mossberg will contribute regularly to its corporate sibling the Fox Business Network.
Read Fox Network Adds Journal Columnist (Links)
Fans of ?The Dark Knight? have bought so many late-night tickets for the July 18 opening, some theaters are scheduling 6 a.m. screenings.
Read Many Movie Theaters Decide to Leave the Bat Signal on Till Dawn (Links)
Activision shareholders approved the company?s merger with Vivendi?s Blizzard Entertainment, as Electronic Arts started federal antitrust review of its hostile offer for Take Two Interactive.
Read Bits: One Video Game Union Is Celebrated, While Another Struggles to Get to the Altar (Links)
The company, which is struggling to raise capital to stay in business, is also planning to cut 3,800 jobs, or more than half of its work force.
Read IndyMac Bancorp Quits Making New Loans (Links)
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