news aggregator

March 18, 2010

13:45
Toyota has asked ABC News for a public retraction and formal apology for an "irresponsible broadcast" last month that purported to show how electronics problems in Toyota vehicles could lead to unintended acceleration.
Categories: Business
13:39
Apple is still working to secure content for the iPad with just weeks to go before the tablet computer's release, said people familiar with the matter, as the company tempers some of its initial ambitions for the much-hyped device.
Categories: Business
13:37
Viacom and Google pointed fingers at each other over postings of copyrighted content on the video-sharing Web site, in documents released as part of their litigation.
Categories: Business
12:55
Lehman Brothers renewed its bid to have a federal judge revisit Barclays' purchase of its U.S. operations, claiming the British bank pocketed billions in assets without telling the court.
Categories: Business
12:47
Federal air-safety regulators proposed their second civil penalty in less than a week against American Airlines for alleged maintenance lapses.
Categories: Business
11:51
The preliminary results of an investigation of a Toyota Prius accident in Harrison, N.Y., suggest driver error may have been to blame for the crash, two people familiar with the matter said.
Categories: Business
11:47
Tidjane Thiam said he won't be joining the board of French bank Société Générale, after drawing fire for taking another high-profile job while working on a massive planned insurance takeover.
Categories: Business
11:37
Unilever said that Vindi Banga, president for global foods, home and personal care, resigned. His is the latest in a series of notable departures under the new CEO.
Categories: Business
11:34
New York's attorney general said his office will investigate what he called "manipulation" of government workers' salaries and overtime pay to secure inflated pensions in a practice known as "pension spiking."
Categories: Business
11:33
French retail giant Carrefour named Vicente Trius, a Wal-Mart Stores executive, to head its European operations outside of France.
Categories: Business
11:32
Turnaround expert Jerome York died after being stricken with a brain aneurysm. After helping to revamp IBM, he led Kerkorian's attempts to force changes at Chrysler and GM.
Categories: Business
11:30
Enel said full-year net profit climbed 1.9%, allowing the Italian utility to keep an attractive dividend as it seeks to reassure investors over its debt-cutting goals with a multibillion-euro bourse filing of its renewables unit.
Categories: Business
10:42
Travelers CEO Jay Fishman received total compensation valued at $20.6 million in 2009, a 42% jump from a year earlier.
Categories: Business
10:42
A jury in a New Jersey state court ruled in favor of AstraZeneca, rejecting a Louisiana plaintiff's claims that antipsychotic drug Seroquel caused diabetes.
Categories: Business
10:27
Aegis appointed company insider Jerry Buhlmann to take the helm of the U.K.-based advertising and marketing firm 16 months after the previous CEO left, as it forecast a return to modest organic revenue growth after a prolonged industry slump.
Categories: Business
10:14
GameStop's earnings fell 7.1% as holiday sales were hurt in part by the weak economy and a shortage of gaming systems, but analysts pointed to signs the videogame retailer's core customer has remained loyal despite overtures from big-box retailers.
Categories: Business
09:28
Irish police arrested Anglo Irish Bank's former chairman Sean FitzPatrick in connection with irregularities at an Irish financial institution.
Categories: Business
09:21
Benetton has tapped new managers to run the apparel maker, underscoring the long-running battle to bring the company up to speed with fast-fashion chains.
Categories: Business
08:47
China's Geely said talks to acquire Ford Motor's Volvo unit have hit a snag because of unspecified delays at Ford, but added it still expects the deal to be completed.
Categories: Business
08:19
Coca-Cola Co. is in talks to buy a majority stake in a Russian juice company, aiming to catch up with Pepsi, which is already in the juice business there.
Categories: Business