Business

Iconic corporate names breaking up in trend to boost value

Three multinational giants—General Electric, Johnson & Johnson and Toshiba—this week announced plans to split into multiple companies, joining a trend the firms hope will provide more growth opportunities.

Energy & Green Tech

Researchers develop a roadmap for growth of new solar cells

Materials called perovskites show strong potential for a new generation of solar cells, but they've had trouble gaining traction in a market dominated by silicon-based solar cells. Now, a study by researchers at MIT and elsewhere ...

Energy & Green Tech

Green-oriented NextEra nears ExxonMobil in market value

In a sign of shifting fortunes in the energy business, green-oriented power company NextEra Energy on Friday sparred with petroleum giant Exxon Mobil for market capitalization supremacy.

Business

Ericsson to cut 8,500 jobs worldwide

Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.

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