Yearly Archives: 2013
  • Yahoo: Still searching for profits on the Internet (Fortune, 1996)

    Editor's note: Every Sunday we publish a favorite story from our magazine archives. With the news that Yahoo acquired blogging platform Tumblr for $1.1 billion this week, we present a 1996 feature on how search companies were struggling t0 make money after big IPOs. Let's look back on a time before "Google" was a ubiquitous verb and a major player in search.

    Once the darlings of Wall Street, Yahoo, Infoseek, Lycos, and Excite MORE

    May 26, 2013 8:00 AM ET
    Posted in: , , , ,
  • What job cuts really mean for ESPN

    The Disney-owned sports media giant is laying off 300 to 400 people. But it won't affect its fiscal future.

    By Daniel Roberts, writer-reporter

    FORTUNE -- The news this week that ESPN would be cutting 300 to 400 jobs reverberated across the media landscape. The sports network giant is one of the last remaining examples in the industry of all-out success and profitability. Even as newsrooms have shrunk and publications have folded, MORE

    May 24, 2013 2:03 PM ET
  • Sign GM is firing on all cylinders

    The Detroit giant is moving its treasury staff to the Midwest.

    By Doron Levin

    FORTUNE -- General Motors Co.'s decision to move its treasury staff to Detroit from its historic home in New York is another sign of the automaker's restructuring as well as a subtle shift from a management philosophy that helped GM rule in an earlier time.

    The move, affecting 70 GM (GM) workers, will take place next year. Dan MORE

    May 24, 2013 11:34 AM ET
  • The latest to claim fraud at generic Lipitor maker Ranbaxy: Its owners

    Japanese drugmaker Daiichi Sankyo has quietly stood by its decision to purchase Ranbaxy in 2008. Now, though, the company is publicly suggesting it was defrauded in the $4.6 billion acquisition.

    May 23, 2013 10:21 AM ET
  • What tummy tucks can teach us about health care reform

    The conventional wisdom is that market forces don't apply to pricing for medical care. A new study of the cosmetic surgery industry shows how wrong that belief is.

    By Shawn Tully, senior editor-at-large

    Fortune -- We're constantly hearing why the market forces that bring us great deals on cars, cellular phones, and houses can never work in health care.

    One leading myth is that each patient is so different, and every procedure MORE

    May 23, 2013 10:14 AM ET
  • U.K.'s Cameron to China, India: We're open for business

    Prime Minister David Cameron says openness to foreign investment is competitive advantage for Britain (and Ratan Tata is always welcome at Downing Street).

    By Stephanie N. Mehta

    FORTUNE -- U.K. Prime Minister David Cameron says he's "not embarrassed" that foreign companies are investing in and acquiring British brands; indeed, he thinks Britain's open door policy makes it a good place for businesses to operate.

    "I said to the Chinese Investment Corporation the MORE

    May 23, 2013 8:46 AM ET
  • Actavis: The latest Fortune 500 company to "leave" the U.S. for tax reasons

    The drugmaker plans to reincorporate in Ireland to reduce its tax burden, but the CEO will stay in New Jersey.

    By Brian O'Keefe, assistant managing editor

    Fortune -- Drugmaker Actavis (ACT) announced yesterday that it will buy rival Warner Chilcott PLC for $5 billion in stock and that, as part of the deal, it plans to reincorporate itself in tax-friendly Ireland, where Warner Chilcott (WCRX) is based. This despite the fact that MORE

    May 21, 2013 11:22 AM ET
  • The only Fortune 500 company that's grown faster than Apple

    A big player in a low-profile business has outpaced the tech giant in both revenue growth and stock return.

    By Brian O'Keefe, assistant managing editor

    Fortune -- The growth of Apple (AAPL) over the past decade is one of the most extraordinary stories in American business history. Ten years ago, the computer giant ranked No. 300 on the Fortune 500 with $5.7 billion in revenues. This year -- millions of iPods, MORE

    May 20, 2013 10:38 AM ET
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