WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Top South America hackers rattle Peru's Cabinet
LIMA, Peru (AP) — The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru, defacing websites and extracting sensitive data to strut their programming prowess...
Sep 2, 2014 | 8:02 AM
Survey: Foreign companies in China feel 'targeted'
BEIJING (AP) — Foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and might cut investment if conditions fail to improve, a U.S. business group said Tuesday. The ruling party under President...
Sep 2, 2014 | 8:02 AM
Heineken sells Mexican packaging business to Crown
AMSTERDAM (AP) — Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion (940 million euros) to reduce debt.
Sep 2, 2014 | 8:02 AM
Sony wooing Japanese to PS4 with Dragon Quest
Atsushi Morita, appointed head of Sony Computer Entertainment's Japan operations effective Monday, acknowledged the momentum for the PlayStation 4 in Japan wasn't catching up with the West, although its cumulative global sales reached 10 million...
Sep 2, 2014 | 8:02 AM
Dollar General raises Family Dollar bid to $9.1B
(AP) — Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target. Dollar General...
Sep 2, 2014 | 8:02 AM
Moelis & Co. names Cantor as vice chairman
NEW YORK (AP) — Former House Majority Leader Eric Cantor is joining investment bank Moelis & Co. as vice chairman and managing director. Cantor — who had a surprising loss to David Brat in Virginia's June primary — will also become a board...
Sep 2, 2014 | 8:02 AM
Select Income REIT adds to portfolio in $2.7B deal
(AP) — Select Income REIT will spend about $2.7 billion in cash and stock to buy Cole Corporate Income Trust in a deal that adds 64 office and industrial properties to the real estate investment trust's portfolio. Select Income will use proceeds...
Sep 2, 2014 | 8:02 AM
Civil disobedience expected in fast-food pay fight
NEW YORK (AP) — McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers....
Sep 2, 2014 | 8:02 AM
Alibaba IPO comes with unusual structure
BEIJING (AP) — Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure. Alibaba's online and mobile commerce businesses will be...
Sep 2, 2014 | 8:02 AM
Iran president urges clerics to tolerate Internet
TEHRAN, Iran (AP) — Iran's president urged the country's clerics Monday to be more tolerant of the Internet and new technologies, which are often the target of criticism by influential hard-liners in the Islamic Republic. Rouhani, a relative...
Sep 2, 2014 | 8:02 AM