Business

September 1, 2010

13:42
IBM unveiled details of its new advanced mainframe chips that it said can process information at record-breaking speeds, more than 17,000 times the rate of the company's high-end system in 1970.
Categories: Business
13:32
Coca-Cola acquired Nidan Juices, one of the four largest juice makers in Russia, as the beverage giant continues its push into noncarbonated drinks.
Categories: Business
13:05
The governor of Afghanistan's central bank said Kabul Bank, the country's top lender, was solvent, seeking to allay fears that the bank is deeply in the red.
Categories: Business
13:04
AT&T Inc. and Crown Media Holdings Inc. failed to reach a distribution agreement for the Hallmark and Hallmark Movie channels, causing their removal from the telecom company's U-verse cable lineup.
Categories: Business
12:57
Liquor maker Brown-Forman said first quarter profit fell 8% on margin pressures even as sales of its leading brands rose.
Categories: Business
12:53
The federal judge who struck down the Obama administration's initial six-month moratorium on deepwater oil-drilling handed the government another setback on Wednesday.
Categories: Business
12:46
BP spent more than $93 million on newspaper advertisements and TV spots in the weeks following the Deepwater Horizon oil spill, paying out three times as much money on ads as it did during the same time last year.
Categories: Business
12:42
Comair, a regional airline owned by Delta, said it will cut its fleet by more than half and reduce staffing over the next two years.
Categories: Business
12:34
After a little more than four years trading on the Big Board, Burger King's stock was little changed through Tuesday's close, while some of its major competitors' have soared.
Categories: Business
12:18
Sinochem hired HSBC to suss out a possible bid for Saskatchewan's Potash, but the Canadian province's top official expressed grave concerns about such a takeover.
Categories: Business
12:14
The Securities and Exchange Commission settled insider trading allegations against a former hedge-fund manager and an executive at Merck & Co., involving a big drug-company deal in 2007.
Categories: Business
12:03
Connecticut Attorney General Richard Blumenthal is probing First Niagara Financial Group's $1.5 billion proposed acquisition of NewAlliance Bancshares.
Categories: Business
11:32
A federal appeals court affirmed a lower-court ruling that will block generic versions of Lilly's osteoporosis drug Evista from becoming available in the U.S. until 2014.
Categories: Business
10:49
Most car makers reported their U.S. new-vehicle sales in August declined significantly from a year earlier, when auto makers saw a spike in sales from "cash for clunkers."
Categories: Business
10:05
Ping An Insurance (Group) Co. of China plans to acquire an additional 32% stake in Shenzhen Development Bank for $4.27 billion in a private placement to control the national lender.
Categories: Business
09:38
Pfizer agreed to buy privately held FoldRx Pharmaceuticals, whose leading drug candidate is a therapy for a genetic neurodegenerative disease for which the only current therapy is a liver transplant.
Categories: Business
09:21
China started requiring cellphone subscribers to register their identities when setting up an account, prompting concerns over privacy in the world's largest mobile market.
Categories: Business
08:45
Allergan agreed to pay the U.S. government $600 million to settle criminal and civil charges related to the marketing of antiwrinkle treatment Botox.
Categories: Business
08:42
The Democratic chairman of a blue-ribbon panel examining the U.S. financial crisis said that government officials made a "conscious policy decision" not to prevent Lehman Brothers' 2008 collapse, potentially accelerating the financial crisis.
Categories: Business