Busi­ness

The Washington Post Sunday - - TAKING STOCK -

Beer gi­ant An­heuser-Busch InBev’s merger with Mex­ico’s largest maker, Grupo Modelo, was thrown a hur­dle by the Jus­tice De­part­ment, which sued to block the $20.1 bil­lion deal, say­ing it would threaten com­pe­ti­tion and raise prices for con­sumers. Boe­ing said it was stick­ing with the trou­bled lithium-ion bat­tery tech­nol­ogy that this month grounded its high-tech 787 Dream­lin­ers, and that the ground­ing had no sig­nif­i­cant fi­nan­cial im­pact on the com­pany’s 2013 forecast. Chief ex­ec­u­tive Jim McNer­ney said it was “busi­ness as usual” and that Boe­ing had not ad­vised sup­pli­ers to slow ship­ments. Ap­ple failed to per­suade a U.S. ap­peals court to re­view its de­ci­sion that al­lows Sam­sung Elec­tron­ics to con­tinue sell­ing the Galaxy Nexus smart­phone while a patent-in­fringe­ment case is pend­ing. Ch­e­sa­peake En­ergy, bat­tling a gov­er­nance cri­sis and fi­nan­cial strain, said its chief ex­ec­u­tive, Aubrey McClen­don, will leave the com­pany April 1. McClen­don, 53, is un­der scru­tiny from fed­eral reg­u­la­tors and his board for blur­ring the line be­tween his per­sonal deal­ings and those of the com­pany. Time Inc., the mag­a­zine unit of Time Warner, said it is cut­ting 6 per­cent of its global staff of 8,000, or about 500 peo­ple. The unit pub­lishes For­tune, Peo­ple, Real Sim­ple, Sports Il­lus­trated and Time. BP won fi­nal ap­proval of a $4 bil­lion guilty plea that re­solves all crim­i­nal charges against the firm re­lated to the 2010 gulf oil spill. Chevron was fined nearly $1 mil­lion by Cal­i­for­nia in con­nec­tion with a fire at the com­pany’s San Fran­cisco Bay-area re­fin­ery last year. In­vestors who said they lost money in Bernard L. Mad­off ’s fraud may not pur­sue a law­suit against the Se­cu­ri­ties and Ex­change Com­mis­sion for miss­ing the swindler’s Ponzi scheme, a fed­eral ap­peals court said. Toy­ota re­leased its tally for global sales for last year at a record 9.748 mil­lion ve­hi­cles, enough to de­throne Gen­eral Mo­tors (with 9.29 mil­lion). Barnes & No­ble ex­pects to shrink to 450 to 500 stores in a decade. It has 689 now. J.C. Pen­ney is bring­ing back sales af­ter ditch­ing them last year and switch­ing to an ev­ery­day low-price strat­egy. Ap­ple de­buted an iPad with twice the me­mory — 128 gi­ga­bytes — of older models, of­fer­ing users more space to store movies, videos and books. Re­search in Mo­tion un­veiled new Black­Ber­rys in a last-ditch ef­fort to re­gain rel­e­vance, and said it is chang­ing the com­pany’s name to Black­Berry.

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