Icahn had been pushing for the tech giant to institute a $150 billion buyback.» Read More
The U.S. manufacturing sector expanded at its fastest pace in 2½ years last month, an industry report showed on Monday, while the pace of hiring in the sector also accelerated.
Talisman Energy will appoint two nominees of activist investor Carl Icahn to its board as part of an agreement with its second-biggest shareholder.
In an era of chastened Wall Street egos, Michael L. Corbat, the chief of Citigroup, has cultivated a workmanlike demeanor out of the spotlight. The NYT reports.
It looks like online shoppers got a big jump on Cyber Monday this weekend. But overall, the holiday buying season got off to a rather tepid start.
Bank of America said it settled all claims with Freddie Mac arising from mortgages sold through the end of 2009.
BP is expecting a surge in compensation payments over the 2010 Deepwater Horizon disaster, after a slowdown that has lasted almost two months. The FT reports.
US financial regulators are turning their sights on private equity firms, the Financial Times reports.
Dow identified the commodity chemicals businesses it would sell or spin off as part of a plan to sell assets worth $3 billion to $4 billion.
The world’s biggest liquor brands stocked the emerging markets' top shelf to get dollars from the new middle class, but the hangover has been nasty.
As investors feel emboldened by the seemingly unstoppable stock market rally, they're borrowing money at record levels to keep things going.
"Candy Crush" has been downloaded more than half a billion times and reportedly earns as much as $633,000 a day in in-app purchases.
A newly developed set of ocean freight data indicates exports are well below previous years. And imports, while starting the year fairly strong, are sputtering.
Millionaires are feeling better about the economy, but more skeptical of the stock market, according to Spectrem Group's Millionaire Investor Confidence Index.
Apple, which is not known for discounts, sent out emails offering some Black Friday gift cards for purchasers of its products, AllThingsD reports.
Shoppers eager to get a jump on Black Friday got into arguments and fought in parking lots at a few places around the country. NBC News reports.
Sales that began Thursday continued through Friday. Many people complained about the early start, but still they went out shopping anyway.
Despite saying it would be competitive on price this holiday, analysts said Best Buy is poised to be one of the season's winners.
The recession saw consumers tightening their belts and cutting back on spending. But kinky shoppers kept the lingerie market resilient.
In the search for answers this shopping season, consumer behavior online is being tracked aggressively with help from technology.
Despite cultural misstep that was quickly corrected, the tension between Ikea and its far-flung outposts remains. The FT reports.