Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle bribery charges with the U.S. Justice Department.» Read More
General Electric said GE Commercial Finance will acquire Banco Santander's Italian commercial bank Interbanca, and the Spanish bank agreed to buy GE Money's businesses in Germany, Finland and Austria, and its card and auto businesses in U.K.
"Sex and the City" fashioned a surprisingly strong opening at the North American box office on Sunday, as frenzied female fans used the romantic comedy as an excuse for a big party.
A fire roared through part of Universal Studios film and TV studio on Sunday, damaging well-known movie sets and a popular "King Kong" attraction before being brought largely under control after 12 hours, fire officials said.
For years, scientists have had a straightforward idea for cleaning up the carbon dioxide emissions from coal power, but national efforts to develop the technique are lagging badly.
A consortium including NBC Universal and Blackstone Group bidding for the Weather Channel is offering about $1.8 billion in equity for their bid, or roughly half the total offer, a source familiar with the matter said.
Comcast 's digital unit is on target to turn profitable this year as revenues from search and advertising partnerships with Google and Yahoo exceed expectations, senior executives said.
The chief executive of General Electric named several "players", including LG Electronics, when asked about the future of the company's appliance business, which the huge U.S. conglomerate recently said it may spin off.
Investors who spent the past nine months avoiding the US stock market and economy by snapping up multinational companies are now coming back home.
For the week ending Friday, May 23, 2008, the U.S. Equity Markets ended the week down with all of the major indices off by more than 3% on continued concerns about high energy costs. Oil and gasoline continued to hit new record highs and the dollar declined against major currencies.
General Electric will likely pick midsize lender Shinsei Bank to buy its Japanese consumer finance business, the Nikkei business daily reported on Thursday.
Petrobras, the Brazilian oil producer that’s rapidly emerging as one of the world’s top companies, is “finding very good results” at its newly discovered off-shore deposits, Chief Executive Jose Sergio Gabrielli de Azevedo told CNBC in an exclusive interview.
This morning Time Warner revealed how it plans to spin off its 84 percent ownership stake in Time Warner Cable. As part of the deal, the cable company will pay a one-time $10 per-share dividend.
There was an active attempt to short energy stocks going into the weekly oil inventory numbers at 10:30 ET; volume on the XLE (the S&P Energy Sector ETF) was particularly strong.
Today's Netflix announcement with Roku about a new way to get movies from the net directly to your TV screen and bypassing the computer screen in your home office, is cool for a number of reasons.
Europe’s first quarter GDP growth was surprisingly strong, with Germany in particular benefiting from booming exports to the emerging world. Unfortunately it does not look like this will continue.
Here at the National Cable Show in New Orleans there are a couple of big buzz words I'm hearing--whether I'm in the Panasonic or Google booths, or the NBC Universal booth where my coverage has been based. First, Video-on-demand is huge
So have you seen the news? We've done a deal with AOL! They are going to have our content on their site! What a long, strange Internet this is.
The week was chock full of economic angst and M&A intrigue. But one dark constant loomed over all ... rising oil prices.
Stocks rallied for a second day Thursday as traders found cause for optimism and technology stocks blazed the trail.
Stocks bounced back from a weak open after a better-than-expected report on manufacturing.