Business Topics

Sep 20, 2014

Folksy beer maker Pabst Brewing to be sold to Russian company

The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. Oasis is buying Pabst with TSG, an investment firm known for its work with consumer products companies. TSG Consumer Partners will take a minority stake ...

Alibaba surges 38% on massive demand in market debut

Sep 20, 2014

Alibaba surges 38% on massive demand in market debut

Alibaba Group Holding Ltd. .’s shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China’s ...

As mobile arm struggles, Sony looks to PlayStation

| Sep 19, 2014

As mobile arm struggles, Sony looks to PlayStation

by Sophie Knight

The head of Sony Corp.’s PlayStation division hopes to raise its profit outlook for this year, in stark contrast to the electronics firm’s mobile business, which has forecast deep losses and sent Sony’s stock reeling. With Sony’s three core electronics businesses — the third ...

Sep 18, 2014

Line says shopping app to eclipse sales of stickers, games

Line Corp., operator of the nation’s largest mobile messaging service, says its shopping mall application could become its biggest source of revenue, eclipsing sales from games and character stickers. The Tokyo-based company, owned by South Korea’s Naver Corp., started the Line Mall app in ...