Verizon to set up streaming service with Redbox

Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks.

Stocks slip on Wall Street as Greek talks drag on

Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans.On an otherwise quiet ...

Dow lags as Greece drags feet on debt

Stock indexes closed slightly lower Monday as French President Nicolas Sarkozy and German Chancellor Angela Merkel warned Greek leaders that they need to push through fresh cost-cutting measures or risk default.

Stocks slip on Wall Street as Greek talks drag on tops business roundup

NEW YORK — Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans. President Nicolas Sarkozy of France and German Chancellor Angela Merkel warned Greek leaders that they need to push through the measures or risk letting the country go bankrupt.

Resuscitating Sony: Why new CEO Kazuo Hirai has his work cut out for him

Sony has announced that former PlayStation chief Kazuo Hirai will be taking over as both president and CEO of Japanese electronics giant Sony, replacing former CBS executive Howard Stringer as of April 1. Although few industry watchers are surprised to see Hirai advance to the top position at Sony, he is doing so at a time when the once-unstoppable company is facing major challenges and ...