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No. 1 U.S. railroad Union Pacific Corp Wednesday lowered its fourth-quarter outlook by roughly 20 cents per share due to rapidly rising fuel costs, sending its shares down as much as 6 percent.
Shares of United Rentals Monday rose about 6 percent after the company said it was holding talks in a bid to resolve its lawsuit to force Cerberus Capital Management to complete the planned $4 billion buyout of the equipment rental company.
Dow Jones, publisher of the Wall Street Journal, said Thursday that Chief Executive Richard Zannino will leave the company once its acquisition by News Corp is completed.
The benefits of Genentech's cancer drug Avastin in breast cancer should be weighed against some toxic side effects, including the potential for death, U.S. regulatory staffers said in documents released Monday.
U.S. computer manufacturer Dell said Sunday it will invest $4.5 billion in marketing over three years as part of an agreement to form a new agency with Britain's WPP that will handle all of the company's advertising and marketing.
The popular diabetes drug marketed as Avandia may increase bone thinning, a discovery that could help explain why diabetics can have an increased risk of fractures.
ConocoPhillips Friday proposed to build a $30 billion natural gas pipeline from Alaska to the lower 48 U.S. states.
Qualcomm won a round in its patent battles with wireless phone maker Nokia Wednesday as a U.S. trade court tossed out a lawsuit asking for Qualcomm's chips to be barred from the United States.
Money manager BlackRock is launching more distressed securities funds to take advantage of the current credit market troubles, chairman and chief executive Laurence Fink said.
Clear Channel Communications Inc said on Friday that Providence Equity Partners was considering withdrawing from a $1.2 billion deal to buy the radio operator's television assets.
Natural gas producer and pipeline company El Paso posted a 16 percent rise in third-quarter profit on Tuesday, boosted by higher natural gas output and prices.
Mutual funds giant Fidelity Investments is expected to begin layoffs, the Wall Street Journal reported on Thursday, citing analysts and people close to the firm.
Top Asian oil refiner Sinopec beat forecasts with a 5.5 percent rise in third-quarter earnings, even as high oil prices squeezed its refining business into the red again, but it may face a worsening fourth quarter.
U.S. hedge fund Och-Ziff Capital Management Group said it is selling a 9.9% stake to a Dubai fund for up to $1.26 billion, marking another investment in the financial sector by wealthy Middle East state-owned funds.
Facebook, the social network Web site, is looking to hedge funds and private-equity investors to raise an additional $260 million in financing, the Wall Street Journal reported on its Web site on Thursday.
Singer-guitarist Walter de Castro couldn't believe his luck when he found out his band's song "The Core" would be featured on "FIFA 2008," the Electronic Arts popular soccer game.
US Airways Group on Thursday reported a third-quarter profit compared with a year-earlier loss, topping expectations on strong demand and higher fares.
An engine cooperation pact between German carmakers BMW and Mercedes is likely but it will not be concluded this year, Daimler chief executive Dieter Zetsche said on Wednesday.
U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.
Institutional investors sent a letter to Verizon Communications, urging the phone company to give shareholders more say over the pay packages of executives.