Microsoft said it freed 4.7 million infected personal computers from control of cyber crooks in its most successful digital crime-busting operation.» Read More
LONDON, July 14- By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. "Horizontal drilling is the real marvel of engineering and scientific innovation," David Blackmon wrote in Forbes magazine last year.
FARNBOROUGH, England— Airbus has launched updated versions of its A330 wide body aircraft in a bit to improve fuel efficiency, increase range and help the aircraft compete against Boeing's 787 Dreamliner.
NEW YORK— Tony Goldwyn has displayed a lack of ethics in the White House. As President Fitzgerald Grant on ABC's hit melodrama "Scandal," he has cheated on his wife right under her nose and even smothered a pesky Supreme Court justice on her sickbed.
OMAHA, Neb.— ConAgra Foods Inc., the company behind Chef Boyardee canned pasta, said Monday that it bought a Chinese potato processor for $93 million to help it sell more frozen potato products in Asia.
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
July 14- Volkswagen AG said on Monday it would invest about $900 million to build a mid-sized SUV at its U.S. plant in Tennessee starting in late 2016, nearly doubling the factory's work force. About $600 million of the $900 million will be invested in Tennessee, VW said.
TORONTO, July 14- Bombardier Inc's long-delayed CSeries aircraft program received a boost on Monday, when the company announced two tentative orders for a total of up to 24 jets worth nearly $1.6 billion. Montreal- based Bombardier said it had signed an agreement with Chinese carrier Zhejiang Loong Airlines Co Ltd for 20 of its CSeries jetliners.
Drugmakers AbbVie and Shire have entered detailed talks about a possible combination after AbbVie raised its bid once again and offered to give Shire shareholders a bigger stake in the resulting company.
*Kuehne& Nagel, Sports Direct advance. *Banco Espirito Santo falls for 6th session. London- listed drugmaker Shire rose 2.2 percent after saying it was ready to recommend a new 31 billion pound takeover offer from AbbVie, entering talks after receiving a fifth bid from the U.S. firm.
WASHINGTON— Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. Citigroup and other banks downplayed the risks of subprime mortgages when packaging and selling them to mutual funds, investment trusts, pensions, as well as other banks and investors.
NEW YORK— Citigroup will pay $7 B to settle a Justice Department investigation into subprime mortgages.
PITTSBURGH— The generic drugmaker Mylan is buying Abbott Laboratories' generic-drugs business in developed markets for stock valued at about $5.3 billion. The business to be acquired by Mylan encompasses more than 100 generic and specialty drugs sold in Europe, Japan, Canada, Australia and New Zealand. It also include manufacturing plants in France and Japan.
*AbbVie raises bid to 53.20/ share from 51.15. *Bid comprises 24.44 stg cash and 0.8960 new AbbVie shares. LONDON, July 14- London- listed drugmaker Shire Plc succumbed to an increased 31 billion pounds takeover offer from Abbvie Inc on Monday, signaling the conclusion to a long-running courtship largely motivated by tax.
Defense Undersecretary Frank Kendall told reporters late on Sunday that Boeing was performing "satisfactorily" on the KC-46 tanker program, but several events- including water damage caused by a sprinkler malfunction at the company's Everett, Washington plant- meant costs were higher than expected.
WASHINGTON— President Barack Obama will press Congress this week to keep highway and transit aid flowing to states. The White House says Obama will discuss the issue during remarks Tuesday at a facility in Virginia that tests new technologies for highway transportation.
The Internet Association, which represents three dozen web companies such as Google Inc, Netflix Inc and Amazon.com Inc, made their case in a filing with the Federal Communications Commission, which plans to establish new so-called "net neutrality" rules. In January, a court ruling struck down the FCC's previous version of such rules.
GENEVA— Swiss chocolate maker Lindt& Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business."
SEOUL, South Korea— Samsung Electronics Co. said it has suspended business ties with a Chinese supplier that allegedly hired children. The South Korean company, which is the world's biggest smartphone maker, said in its blog Monday that it had found possible evidence of child labor and illegal hiring at Dongguan Shinyang Electronics Co..
*Chinese e-commerce giant files for most anticipated IPO since Facebook. Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world's second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook Inc when it listed in 2012..
NEW YORK, July 14- Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.