Thompson & McCarty, P.C. CPA

The maker of eye-care products named two former Schering-Plough executives to succeed Gerald Ostrov, who is retiring as chairman and chief executive.

The accounting firm said that it fully respects the decision by the Saudi market regulator to revoke its securities business license and that the move doesn't affect its other operations in the kingdom.

OSI Pharmaceuticals rejected Japan drugmaker Astellas Pharma's $3.5 billion takeover bid, saying the $52-a-share price is too low.

Boston Scientific said it stopped shipment and is retrieving inventory of all its implantable cardioverter defibrillators, or ICDs.

The Bank of Japan looks highly likely to ease monetary policy slightly this week by making more cheap loans available to banks.

Consol Energy will pay $3.48 billion to acquire the Appalachian exploration-and-production business of Dominion Resources in a move to diversify away from coal.

India's cabinet approved a proposal to allow foreign universities to set up branches here, potentially opening a huge market to international educational institutions.

U.S investigators said they can't yet explain what happened to the Toyota Prius that was involved in a dramatic incident on a California highway last week.

German chemicals company Brenntag will likely raise under $1.1 billion via an initial public offering.

PepsiCo said it will buy back up to $15 billion shares of its common stock through June 2013 and also plans to boost its annual dividend by 7%.

Retail apparel giant Phillips-Van Heusen agreed to acquire clothing company Tommy Hilfiger for about $3 billion, a deal PVH said would immediately add to earnings.

Chinese battery and car maker BYD plans to boost capital spending by 59% in 2010 to expand its automobile production amid robust domestic demand.

Fashion retail chain French Connection completed a scaling back of its business by selling the Nicole Farhi brand and offloading the bulk of its unprofitable U.S. stores.

Chief executive delivers his first policy address Tuesday and will probably discuss the government's aim of pacing gambling industry growth and developing revenue off the casino floors.

Liberty sealed a $63 million sale and leaseback deal on its flagship London department store to clear its debt, paving the way for a takeover of the luxury brand's retail business.

Japanese car and power companies will work together to bring their electric vehicle-charging technology to overseas markets, a new group said.

UBS splashed out more than 100 million Swiss francs in salaries and bonuses for its top executives last year. Its best-paid executive was Carsten Kengeter, co-CEO of its investment bank.

Sales of a new motorcycle designed and engineered by Austria's KTM Power Sports and to be built by India's Bajaj Auto could be almost four times greater than those of KTM's entire current model range, underscoring the importance of emerging markets to its future.

Posco, the world's fourth-largest steel maker by output, said it will invest $240 million to build a steel processing plant in Maharashtra by May 2012.

The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money.