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Corporate news

Yahoo revamps email in bid to catch up with Gmail
Yahoo is spiffing up and expanding its email service in an attempt to regain some of the ground lost to a Google alternative that lured away millions ...
NTSB: Use ignition locks for all drunken drivers
Every state should require convicted drunken drivers, including first-time offenders, to use devices that prevent them from starting a car's engine ...
Delta buys 49 percent stake in Virgin Atlantic
Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it tries to catch up to rivals in the lucrative New York-to-London ...
HSBC to pay $1.9B to settle money-laundering case
British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics ...
APNewsBreak: Explo faced scrutiny before La. scare
The explosives recycling company that caused the evacuation of a Louisiana town has come under scrutiny for explosions and its handling of dangerous ...
US wholesalers boost stockpiles in October
U.S. wholesale businesses increased their stockpiles in October but their sales fell sharply, a mix sign for economic growth. The Commerce Department ...
Experts: Station's royal hoax call may be illegal
The Australian radio station behind a hoax phone call to the London hospital where the pregnant Duchess of Cambridge was being treated could face ...
Treasury sells remaining shares of AIG
The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group Inc., moving to wrap up the ...
US, EU considering world's biggest free trade pact
After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in ...
NTSB: singer Rivera dead in Mexican plane crash
U.S. authorities confirmed Monday that Jenni Rivera, a U.S.-born singer whose soulful voice and openness about her personal troubles made her a ...
Government investigating makers of cellphone apps
The government is investigating whether software companies that make cellphone apps violated the privacy rights of children by quietly collecting ...
American's CEO says airline turnaround nearly done
American Airlines CEO Thomas Horton suggests that his management team has earned the right to keep leading the company even if it merges with US ...
Extortion of American stings Bolivian officials
It is an unlikely tale: Orthodox Jew from New York City comes to Bolivia to rescue a rice-growing venture, gets thrown in jail on suspicion of money ...
NKorea extends window, still readies rocket launch
North Korea is pressing ahead with preparation for a long-range rocket launch after extending its liftoff window by another week until Dec. 29 because ...
4 years in, Madoff trustee still pursuing assets
When he was first told in 2008 about Bernard Madoff's epic Ponzi scheme, attorney David Sheehan had a response that now sounds inconceivable.
Amgen buying deCODE Genetics for $415 million
Biotech pioneer Amgen Inc., in a bid for a big edge in using people's genetic information to find better ways to attack diseases, is buying human ...
Obama tax plan no small deal to small businessmen
President Barack Obama's plan to increase taxes on top earners would have only a small impact on the nation's economy, according to congressional ...
Ford says software update will fix fire problem
Ford will update software on 2013 Escapes and Fusions to stop their engines from overheating, a problem that has caused a small number of fires.
Fiscal cliff stalemate spurs anxiety in states
A plunge over the federal "fiscal cliff" may sound like a terrifying risk for many state officials anxiously watching as Washington struggles to avert ...
FDA expands approval of J&J prostate cancer drug
The Food and Drug Administration on Monday expanded approval of Johnson & Johnson's prostate cancer pill Zytiga for men with an earlier stage of the ...
Ingersoll-Rand to spin off security business
Industrial conglomerate Ingersoll-Rand says it will spin off its security technology business and buy back $2 billion of shares. The Ireland-based ...
Report: Kodak gets patent bid from Apple, Google
Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer ...
GM's Opel to end car production at German plant
General Motors Co.'s Opel unit said Monday that it plans to end car production at one plant in Germany in 2016, but a slimmed-down factory may ...
NKorea extending rocket launch period to Dec. 29
North Korea on Monday extended the launch period for a controversial long-range rocket by another week until Dec. 29, citing technical problems.